More on Huck

[Hazcat]

Jan. 16 (Bloomberg) -- Mike Huckabee wants to be president. So what's he doing on the board at an odd penny-stock outfit called Flagship Global Health Inc.?

Surely there are some investors who wish they'd never heard of Flagship. Huckabee, a Republican, joined the company's board in February 2006, while he was still governor of Arkansas. After peaking at $23.75 in August 2006, the thinly traded stock soon crashed. It last closed at 52 cents in over-the-counter bulletin board trading, giving Flagship a $36 million market value.

Based in New York, Flagship says it sells memberships that let customers tap a network of ``renowned and clinically acclaimed physicians,'' along with referrals, quick appointments and even air-evacuation services.

The company's founder, Fred Nazem, says he recruited Huckabee to Flagship and has been impressed that Huckabee has called in for board meetings during his presidential run. Nazem says he met Huckabee through a mutual friend in 2005, shortly after Huckabee released his book, ``Quit Digging Your Grave with a Knife and Fork,'' about his battle with obesity.

The company hasn't done well. For the nine months ended Sept. 30, Flagship reported a $10.1 million net loss on $151,499 of revenue. In its latest report, Flagship's outside auditor said there was ``substantial doubt'' about the company's ability to remain in business.

Flagship took its first step toward going public in January 2006 by buying a majority stake in a public shell company called Finity Holdings Inc. A June 2006 proxy statement listed two Fort Lauderdale, Florida, men, Glenn M. Gallant and Douglas R. Baetz, as major shareholders, each holding or sharing control of 9.5 percent of Finity's stock after Flagship bought control.

No Mention

The proxy didn't mention their criminal backgrounds. Gallant and Baetz once were Finity's largest shareholders during the 1990s when its name was Columbia Capital Corp. A federal jury in Denver convicted them in 2005 on felony counts of bank fraud and conspiracy, in connection with the 1998 failure of Boulder, Colorado-based BestBank, which did business with Columbia. Both are serving 10-year prison sentences.

More at link http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_weil&sid=aKZ64QcLTh1c

[DDMac]

To quote a great Brad Pitt movie, "Is there NO ONE else?? NO ONE??"

Sometimes being a grown up sucks, but I'd rather know than not. Thanks, Haz..

Mac.

[pioneer]

Not to mention the special favors he gave to illegal immigrants and the Mexican government.  If Fred doesn't get fired up pretty soon, we're going to be stuck with one of the remaining lesser of evils. 

[bgarrison]

Not to mention the special favors he gave to illegal immigrants and the Mexican government. 

What favors would that be?

Cheers
Bert

[Hazcat]

Well I heard that he gave the Mexican Embassy (consulate?) a very nice deal to set up an office to hand out those BS IDs.  Something like 1 dollar rent.

Here's a link http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=58455

[Sponsor]

[tombogan03884]

We know he's acrook , Thier all crooks ,So what. He's a pro second amendment crook , which makes him the best of a crooked bunch