Lichtman's most recent expos is of an o-t-c Bulletin Board company called DNA Medical Technologies, of Hiawatha, Iowa.

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"A company can qualify for the Bulletin Board if it has no assets, no revenues and no business--provided it files regular reports, " says Bernstein.

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Herzog Heine Geduld's Bulletin Board trading desk was shut down shortly after the company was bought out by Merrill Lynch.

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And yet you can find him all over a recent prospectus filed with the SEC for Hydrogen Power, a Seattle company with a volatile stock on the o-t-c bulletin board.

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Now the company is back from bankruptcy, trading on the o-t-c bulletin board and narrowing its losses.

FORBES: Trial by Fire

In 2002 the company had done a reverse merger with ProHealth Medical, an o-t-c bulletin board stock, that resulted in Langley's RHL Management getting 5.5 million shares.

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