 | | Responses to article on CSUMRI and Dr. Michael (3 messages)
____________
#1: From: Clifford Powell [clifford.powell@excite.com]
To: ron@themayreport.com
Subject: RE: The May Report: 11/15/2005: NetRegulus gets a solid Series B round (this is a KB Partners invest
Sent: Fri 11/18/2005 5:51 AM
Hi Ron:
I would like to thank you for including me in the distribution of the May report. I'm sure its because I'm an investor in Chicago Standup MRI.
I have been interested in the opinions of third parties relating to the motives and goals of the companies two managers.
I'm a bond trader in NYC so my views tend to be simple buy-sell-buy-sell make a dollar. The actions and developments over the last two years seem counter to a business moving forward.
What would motivate both or either manager to sell his stake and exit ?
Thanks
Clifford Powell
212-997-0965
++++++++++++++++++++++++++++++
#2: Subject: Re: An article I just published on CSUMRI and Dr. Ron Michael
Date: 11/11/2005 2:11:35 P.M. Central Standard Time
From: hatch@glockmaster19.delta.net
To: RONALDMAY@aol.com
CC: insn@msn.com
Ron May,
Thanks for your help in this matter by writing such a well written article.
As an investor in CSUMRI, how can we get Dr. Michael to do something constructive?
Do we actually have to take his medical license?
How do we do that?
What agencies can take his medical license?
How do we proceed?
What other leverage do we have against him?
Thanks!
Clark Hatch
RONALDMAY@aol.com wrote:
November 10, 2005
Folks, you are the investors in Chicago Stand Up MRI. I have just written a first article about the matter of Dr. Ron Michael, the company and other issues involving the firm and Dr. Michael.
My name is Ron May and if you are not familiar with my report, The May Report, you may want to check it out at www.themayreport.com You can do a search for previous articles about Dr. Michael. I would suggest typing "Dr. Michael" or "Ronald Michael" or "Ron Michael" into the "Search the archives" feature and be sure to set it so that it will pull up as many as 100 items. I notice that today's article which I have included here is not pulling up and that may be because I have too many articles on the "Latest article" page. I have been trying to "blogify" the report by keeping the articles up for a week or more and that is fouling us up. Good news for Dr. Ron, I guess.
Never mind that. The report is emailed to more than 20,000 readers.
And I have just added your names to the list so that you can keep up with the story.
Here is what I wrote today and yes, I have all the emails and all the disks and even audio tapes.
If you want to add your perspective, it would be much appreciated. You can email me at ronaldmay@aol.com or ron@themayreport.com. I prefer the AOL address because it won't be spam filtered out.
I have spoken to a few people at this point and would like more input.
Thanks in advance.
Ron May
ronaldmay@aol.com
++++++++++++++++++++++++++++++
#3: Subject: RE: An article I just published on CSUMRI and Dr. Ron Michael
Date: 11/11/2005 10:09:57 A.M. Central Standard Time
From: tc@gobarak.com
To: RONALDMAY@aol.com
Thanks for the info! I cannot confirm this, however I have heard thru the grapevine Dr. Michael overcharges insurance
Company's and ask's for kick backs from certain patients. I can't confirm (from personal experience) another issue, however I understand that Dr. M receives kick back's (he calls it consulting fees) from Spine Company's in return for him purchasing their product. HIGHLY ILLEGAL STARCK LAWS. I have I friend that he asked for approx $250,000 in return for purchasing product. My friend refused. The motto with this guy is "YOU CAN'T MAKE A GOOD DEAL WITH A BAD MAN!"
The mainstream media would have a field day with this guy!
Tim Coffaro
708 751 2019
__________________________
Ron May here. I sent the article on CSUMRI to all of the investors and a few have responded. There are two camps on this issue, I am being told. Dr. Michael does have his supporters. They would include Dawn Gay and Homer Ryan and perhaps others. Some investors may be agnostic in the battle between Tim Watters and Dr. Michael and may not have taken sides yet.
Tim Watters does want to get paid his back pay which is about $60K --- it is $10K a month and he has not been paid since April --- and he is also looking for CSUMRI to pay some legal bills. But those legal bills are due to Dr. Michael suing him! So, some of the proposed $300K loan would go for that. Some would go to pay off the mechanics and some would go to a new computer system.
Tim Watters is also opposing the proposal by Dr. Michael that they open the company up to the election of the managers. I don't know how Watters would fare in such a vote. It is possible that it is a very vocal minority that opposes Dr. Michael. But whatever the issues of substance here, it is clear that Dr. Michael is not talking to the other investors and he is not talking to Tim Watters anymore. I think the time he stopped talking to them was when Tim killed the deal that Dr. Michael brought to the table with investors whom he claimed he did not know, when in fact he had been in business with them. The problem was the highly dilutive nature of that deal.
My issue with Dr. Michael is his overweening arrogance. I will create a podcast with voice messages that Dr. Michael left for Tim and others. He says that Shrid, mshridharani@hotmail.com, who is also a doctor and one of CSUMRI's investors should never have been granted an MD. That might count as slander in some parts. I sense that Dr. Michael thinks that the other investors are beneath him and that they should all pay homage to him, as though he is the only one with money on the line. In fact, he put in just over 10% of the money raised. |