The underlying premise of this blog is that I stink at picking stocks. See those birds flying away in the upper right hand corner of this page? You can think of those birds as your investment dollars flying away if you invest the way I do.
But recently, someone with a better track record than me proclaimed to the world (as well as to the SEC) that he thought Optionable shares were undervalued. That someone is Mark Nordlicht.
Who is Mark Nordlicht?
* One of the founders of Optionable
* Operates a hedge fund known for seizing opportunities others miss.
* Is represented by lawyers who have studied the BMO and NYMEX lawsuits
* In June put $1.5 million on the table in a Tender Offer to buy Optionable outright
* As a result of the Tender Offer Nordlicht is once again an Optionable Insider (owns more than 10% of the company)
* Unlike fellow Optionable founder Kevin Cassidy, Nordlicht does not have to “bite his lip” out of concern for a criminal indictment
* Has the money needed to defend Optionable at trial
Here is a link to a more complete bio of Mark Nordlicht
Here is a link Mark Nordlicht's portfolio performance with Platinum Management
On August 15th Kevin Cassidy took a plea on one count in the criminal case against him. So far, everyone is keeping very quiet about what happens now. What WILL Mark Nordlicht do?
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