1. Less Than Hysteric Hemispherix
Forget ATM as in At-The-Market, these clowns are using the company like an ATM as in Automatic Teller Machine! Carter and Equels are ostensibly supposed to be getting paid for selling drugs, not stocks. Furthermore, even boiler room brokers wouldn't charge 10% for a crappy penny stock like this. "Hemispherx was selling those 30 million shares under the subterfuge of its ATM agreement which allows the company to disclose sales only when it files quarterly reports to the SEC. And of course, at that same time, Hemispherx shares were losing 80% of their value after the FDA and an independent advisory panel sharply criticized the company for the way it conducted clinical trials of the experimental chronic fatigue syndrome drug Ampligen," writes TheStreet's Feuerstein. The panel voted not to recommend Ampligen for approval and the FDA rejected the drug, making it the second time Hemispherx has been turned away by U.S. regulators. Despite these miserable results, however, the company's sycophantic board deemed it kosher to pay millions to Carter and Equels. Wait. We forgot one. Obnoxiously greedy, yes. Definitely yes. Follow @5gsonthestreet -- Written by Gregg Greenberg in New York City.