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March 14, 2009

A Scheme Here, a Gimmick There, a Racket to be Found Damn Near Everywhere!
by Reggie Middleton

A few weeks ago I released and an Intelligence Note to all of my subscribers on a company that I really, really had to hold myself back from describing as a fraud. Well, I had a few members of my team do some additional digging and, well,,,, I'm really trying to hold back....

As a public service, I will release the 31 page research report to the public this one time, free of charge. It has come to my attention that a few people can, and probably have, had their financial situations hampered in connection with company. This brings me to my next point: What are our government watchdogs doing? If a mere blogger can dig this deep and find this evidence, what is the SEC doing?

First we had Bernie Madoff, then Allen Stanford, and now... Well, I don't want to outright accuse this company of any legal wrongdoing, but from an investors perspective, and that of an astute laymen, the terms Ponzi scheme and pyramid scheme are just screaming at me. Hey, I even looked them up and posted them right in the analysis so readers can make up their own minds.

For those who are not regulars to my site, yes, I am short the company. Would you have shorted Madoff's operation if you researched it and found out what was going on? Download the report for free here: PrePaid Legal Services Actionable Intelligence Report - Pro 2009-03-13 16:58:17 601.87 Kb

This gives non-pro subscribers the opportunity to see the level of analysis and research available to pro subscribers. This is not a full forensic analysis, but an extended intelligence note - akin to a super summary of my opinion and findings. If you like what you see, you are welcome to subscribe to more. I have covered over 90 companies with a nearly 100% hit rate, and there are many more in the pipeline. Look here for performance figures for last year and this year to date (as of last week).

Reggie Middleton
Reggie Middleton, LLC
Perpetual Interests, LLCTM
http://boombustblog.com/

Who am I?

Well, I fancy myself the personification of the free thinking maverick, the ultimate non-conformist as it applies to investment and analysis. I am definitively outside the box - not your typical or stereotypical Wall Street investor. I work out of my home, not a Manhattan office. I build my own technology and perform my own research - in lieu of buying it or following the crowd. I create and follow my own macro strategies and am by definition, a contrarian to the nth degree.

Since I use my research as a tool for my own investing to actually put food on my table, I can stand behind it as doing what it is supposed too - educate, illustrate and elucidate. I do not sell advice, I am not a reporter hence do not sell stories, and I do not sell research. I am an entrepreneur who exists just outside of mainstream corporate America and Wall Street. This allows me freedom to do things that many can not. For instance, I pride myself on developing some of the highest quality research available, regardless of price. No conflicts of interest, no corporate politics, no special favors. Just the hard truth as I have found it - and believe me, my team and I do find it! I welcome any and all to peruse my blog, use my custom hacked collaborative social tools, read the articles, download the files, and make a critical comparison of the opinion referencing the situation at hand and the time stamp on the blog post to the reality both at the time of the post and the present. Hopefully, you will be as impressed with the Boom Bust as I am and our constituency.

I pay for significant information and data, and am well aware of the value of quality research. I find most currently available research lacking, in both quality and quantity. The reason why I had to create my own research staff was due to my dissatisfaction with what was currently available - to both individuals and institutions.

So here I am, creating my own research for my own investment activity. What really sets my actions apart is that I offer much of what I produce to the public without charge - free to distribute and redistribute, as long as it is left unaltered and full attribution is given to the author and owner. Why would I do such a thing when others easily charge 5 and 6 digits annually for what some may consider a lesser product? It is akin to open source analysis! My ideas and implementations are actually improved and fine tuned when bounced off of the collective intellect of the many, in lieu of that of the few - no matter how smart those few may believe themselves to be.

Very recently, I have started charging for the forensics portion of my work, which has freed up the resources to develop the site to deliver even more research for free, particularly on the global macro and opinion front. This move has allowed me to serve an more diverse constituency, which now includes the institutional consumer (ie., investment turned consumer banks, hedge funds, pensions, etc,) as well as the newbie individual investor who is just getting started - basically the two polar opposites of the investing spectrum. I am proud to announce major banks as paying clients, and brand new investors who take my book recommendations and opinions on true wealth and success to heart.

So, this is how I use my background and knowledge in new media, distributed computing, risk management, insurance, financial engineering, real estate, corporate valuation and financial analysis to pursue, analyze and capitalize on global macroeconomic opportunities. I have included a more in depth bio at the bottom of the page for those who really, really need to know more about me.

Visit his blog Boom Bust Blog.

Copyright © 2007-2009 Reggie Middleton

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