$RTRX – and then this happened…

Retrophin shareholders momentarily breathed a sigh of relief after Martin Shkreli was ousted as CEO, but someone forgot to turn off his twitter account at the office.

and then this happened…  he attacks the board he put together!

and then this happened

Best of  luck to all Retrophin shareholders, it appears the train wreck will continue in an upcoming sequel.


$RTRX – Congratulations Retrophin Shareholders!

Author’s Note: The fund manager alluded to in this article contacted SR.  He indicated the complaint from Massachusetts was settled favorably.  SR agrees.  While the paragraphs were accurate with regard to readily available public information, they were not up to date.  The paragraphs in question are hereby retracted with apologies.

Sludge Reports would like to officially congratulate you on the departure of your CEO!  This may be the ‘BEST DAY’ of Retrophin’s existence!

SR has followed this story since Retrophin was listed.  However, it was almost too easy to write an article about the pitfalls of this investment.  Recently though, the bizarre behavior of Martin Shrekli not only came into public focus, but then escalated into childish behavior that should be analyzed by a professional (Please Martin, for your own sake seek help).

For those who disagree, let me repeat my post from a recent Seeking Alpha article revealing some of these extreme behavioral issues of the former CEO.

SR’s opinion is simple, the post below was made on the Seeking Alpha article after this happened yesterday.



“What is funny in private, is completely unacceptable in the workplace. Imagine a women who works at RTRX and these kids, her bosses, are acting like frat boys cracking penis jokes.

Hostile work environment? Sure. Harassment even? If they direct any towards or near her. General unprofessional attitude that breaks their own published code of conduct? Yep!

 If Martin and Patrick want to crack dirty jokes, then there is a time and place for that! After work, away from the office, when they are on their own time.

 But let’s not forget, these are actually YOUR employees. You own shares and so they work for you. It is refreshing that you are so liberal as to allow your employees to squander company resources (time and money) to crack dirty jokes in a public forum and during business hours no less.

 Is this a one off accidental breach of common sense? It doesn’t appear so. The RTRX Twitter shenanigans are well documented over the last year, even if Martin has deleted many of those tweets from his stream. Others have captured them, including Bloomberg.

This behavior would not fly at any company that is actually working for shareholders. As the author and Martin himself have pointed out numerous times though, Martin doesn’t care about shareholders like you, only the ‘7’ funds that own the majority.

Some shareholders have defended Martin saying these cases against him are frivolous and denouncing these horrible lawyers, yet Martin himself seems to be a bit Lawyer happy when he is filing lawsuits against others.

No matter how this Retrophin ‘experiment’ turns out, this will be a story most will never forget. It’s a train wreck you can’t help but slow to a crawl to watch, craning your neck to see the gore, and calling your friends to tell them ‘and then this happened’ as you drive away.

 Just remember if he ever hires you, you can’t ever leave! If you do, your wife may get inappropriate tweets, your child may have some deranged stranger inviting him to a Facebook chat, and your new boss may receive a partially unmarked package that requires Homeland security to sweep for anthrax!

Ah Marty, the gift that keeps on giving! — and I thought the new Gotham series was good…”

$NQ Mobile Security – Is The Competition Vulnerable? $CMCM $QIHU $BIDU

you haven’t read the first part of this investigation, please do so for some extensive background.

Sludge Reports would like to take this opportunity with our readers to explore the other mobile security app vendors to see if they suffer from the X.509 security flaw, and to elaborate a bit on  third party libraries being used by other mobile security apps.

NQ Mobile Security – Is The Competition Vulnerable? CMCM, QIHU, BIDU

$NQ sub, Guoxin informed the successful bidder for the central government procurement projects

Google translated or click for original Chinese language

Guoxin informed the successful bidder for the central government procurement projects

Recently, in the central state organs of government procurement center sponsored the “central state organs of government centralized procurement 2014 annual information products supply agreement Equipment Pilot Procurement “project, the letter informed NQSky EMM mobile management platform through a rigorous bidding process control and expert appraisal After emerged as the central government designated procurement of products, and was selected as the “Central Government Procurement Agreement Delivery” terminal security management equipment product selection procurement list.


Guoxin informed NQSky EMM mobile management platform is a set of mobile device management solutions that help governments and enterprises to IT management capabilities from the traditional PC extended to mobile devices and even mobile applications APP , documents, mail, etc. above, you can also make customers at any time, any place, any access to multiple applications through intelligent terminals and processing core business, government and build a modern high-performance businesses. In particular, it can release staff from the office of the limitations of time and space dimensions, in device security, data security, communications security premise, significantly increasing satisfaction among enterprises and employees, significantly improve work efficiency.

NQSky EMM including MDM , MAM and MCM three main functional blocks. Among them, MDM (Mobile Device Management) can help the government, enterprises and institutions to manage remote mobile devices, including equipment location, lock, erase; mobile applications to install, update; unified network settings configuration; equipment compliance management. MAM (Mobile App Management) can the government, enterprises, internal applications and public applications management, including mobile applications virus scan, update, delete. Enabling the unit to help quickly build enterprise application store, meet the staff unit for mobile applications for unified management demands. MCM (Mobile Content Management) enables officedocuments ( Word , Excel , PowerPoint , PDF , etc.) and distribution and group permission settings; government, enterprises and institutions through a mobile terminal staff can view or download the document. Meanwhile, the file browser with domestic manufacturers to cooperate integrated units provide a better user experience.

Guoxin informed marketing experts pointed out: “With the deployment of mobile information depth in the government, enterprises and institutions, and smart phones, tablet PCs and other mobile devices continue to impact the organization’s existing IT management structure, how to get a mobile device management capabilities, Effective mining mobile information ability to avoid terminal equipment fuzzy boundaries of confidential data due to lost productivity loss and other issues has become a process of information an urgent task, while the letter informed accurately foresee this market gap, and developed NQSky EMM mobile management platform to meet the mobile information management needs of the user. ”

The NQSky EMM winning mobile management platform, the platform will not only mean that the compliance and market competitiveness won the unanimous endorsement of the expert group, also means that the mobile device management market segments products has been recognized by the government procurement sector with strong guidance . We believe that with the extension of the mobile Internet is becoming the dominant force in information technology, the mobile device management market is expected to achieve further prosperity.