Medical Connections Holdings, Inc. (fka MCTH)

[tinywallfly]

MCTH has so many red flags it's unbelievable:

1. Senior management has multiple past SEC investigations/issues
2. Auditor letter indicates that MCTH is a "going concern"
3. MCTH generated $7M in revenue and had $7M in losses (how does a staffing company spend $14M on $7M in revenues...), including pyaing $3M per year to outside "consultants"?
4. Healthcare staffing sector, in general, is a total disaster right now (for more data on this, look at MSNW. $300M healthcare staffing company about to go BK).

If MCTH somehow manages to sucker people into giving them $26M in cash to buy Trustaff, they can sell ice to eskimos.

Best of luck on this one.

IMHO