Summa's No explanation Report

Summa Industries (Nasdaq: SUMX)reports latest quarterlies with no explanation or comments to speak of. Here are the numbers and we are having a webcast to discuss. If substantial matters are discussed at the webcast does that mean the press release did not comply with disclosure laws.

Gene Logic Guidance Stumble

Gene Logic Inc. (NASDAQ:GLGC) announced today that revenue for its Genomics Division will be significantly lower than previously anticipated for both the second quarter and for the full year 2006. Without really getting into any substantive details the company has also yanked their guidance. To season the debacle they indicate Gene Logic's Senior Vice President and General Manager, Genomics, has resigned for personal reasons and to pursue other career opportunities. The Company already has in place interim leadership for its Genomics Division. You may have to hunt about for the names. Basically we have no real information on the problem. The company further adds that an executive has fallen on his sword. Problems of this magnitude are never the fault of one individual. Will they solve problems or just get into the blame game.

Nasdaq's Freudian Slip

Nasdaq announces its 17th Investor Program in association with Morgan Stanley in London on June 20-21, 2006. Presentations will be made by the senior management of 42
companies, including 14 NASDAQ-100 Index® companies. They announce 19 tech, 13 pharma, 5 consumer and 4 energy companies. I think they are missing a company. But more importantly they seem to be showcasing hot sectors first trending to cooling. Caveat emptor.

Home Depot Governance Conflict

Home Depot (NYSE:HD) announces that they have completed a review and their executive stock option plan does not smell bad. Everything is appropriate. Just a short while ago they also announce they will no longer be reporting critical sales figures. Monthly and same store sales reports are de rigeur in retail but not the SEC. Transparency suffered badly. Can, may or will insiders take trading advantage over investors on the outside who need to do research. Not the best move in a governance conflicted era.

Weekend Follies (June 17-18)

The following stocks release information at odd-ball hours over the weekend when investors are typically not looking at their screens. Basically they are sneaking news out and hoping to call it disclosure. Two Nasdaq Companies FNB United Corp. (NASDAQ: FNBN) and New River Pharmaceuticals Inc. (Nasdaq: NRPH) plus two NYSE companies New River Pharmaceuticals Inc. (Nasdaq: NRPH)