rcm2702: Green Baron tries to cater to stock traders. They don't really care about the future of companies they profile. They purchase shares in whatever target, and then try to generate interest among other traders by sending out streams of overly positive reports. If the group can get the price to go up, they will sell into the buying and then move on to their next victim or wait to buyback and do it all over again. In their own words, Green Baron says: CMKX is “The Stock Play of a Lifetime” not "The Stock Investment of a Lifetime."
As for Glenn, he appears to be a very competent attorney with good credentials. I wouldn't say he is an important part of CMKX' business plan though. He provides legal services for a fee just like CMKX' other attorneys do. If Glenn were an officer/director and actually had a say in the company's direction, then I would agree he might be able to help drive this company to reach its lofty dreams. Right now, the ones driving the ship here are Urbie and the major stockholders. Success or failure lies with them. Glenn only does what he's paid and told to do. If Urbie wants to give out dividends, do mergers, private placements, or whatever, Glenn goes off and does all the legal stuff and advises if something comes up which is against regulations.
I have no idea why Urbie hired a NYC attorney and not a local. Any mediocre attorney should probably be able to handle the securities legal work. My guess is Urbie might be in some type of trouble and needs an attorney with a very good background to dig him out or he couldn't find a local with the credentials he wanted.
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"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
-- Warren Buffett
