Junum kinda long but good reading..

So I'm at work, looking for a fax I'm waiting on when this comes across our fax machine

Investment Opinionreport
Research and Knowledge before Investing
My company is on some faxing list somewhere.

Name: Junum, Inc.
Industry: Credit/Sub-Prime Services
Short-term Opinion: Outperform
Long-term Opinion: Accumulate
Daily Opinion: Buy

Recent Price: $.49
Avg. Volume: 87,00 3 month - 215,000 10 day
12-Month Trading Range: $.16 - $12.25
Approx. Float/Shared Outst: 3m/45m
Insider Holdings: 78%

Junum, Inc. provides membership services for credit repair, credit monitoring and identity theft protection. JUNM spent two years developing the first automated system designed to address the huge need for True and Correct credit reporting and scoring. JUNM has now begun its aggressive marketing efforts to capture this enormous market.

Why this Stock & Reasons to Buy:
JUNM has the only automated system to correct credit report information.
JUNM is the industry leader and sole public company specializing in credit repair.
JUNM's business model is recurring revenue streams.
JUNM has very high gross profit margins: approx. 85%.
JUNM has built a scalable platform enabling tremendous growth: Target Market is 200 million.
Eight (8) patents-pending on its technology to solidify its future.
Strong vision for the future of credit management.
JUNM owns a $352.5 million non-performing credit card portfolio with 189,000 individuals that it will attempt to convert to new JUNM members.

Recent Events:
For the four months of Nov 01 through Feb 02 sales increased a huge 442.64%.
Customer cancellation, for any reason, has dropped over 90% in the same four months.
Identity theft is now a national issue and JUNM is the leader.
The Supreme Court ruled 9 to 0 (TRW vs. Andrews, 00-1045) that the Credit Bureaus are not responsible for problems of Identity Theft and bad credit reporting. This further shows the need to JUNM.
Stock is trading off its lows and average volume has dramatically increased.

Conclusion:
Over the next six-month's as market conditions for the technology sector continue to improve, we believe that JUNM is poised to achieve increased market value as the company continues to perform.

My questions/thoughts:

1. The Supreme Court ruled 9 to 0 (TRW vs. Andrews, 00-1045) that the Credit Bureaus are not responsible for problems of Identity Theft and bad credit reporting.

How old is this statement? TRW is not TRW anymore.

2. JUNM owns a $352.5 million non-performing credit card portfolio with 189,000 individuals that it will attempt to convert to new JUNM members.

Does this mean that Junum "buys" debts? If so, what do they do see what is on your CR and then buy it, then dispute it with the CRA and when Junum replies to the CRA by telling them delete it? Then they say, "look we cleaned-up your credit reports". Or do they do that thing where they buy your debt, wipe it off your record, only to add it the Junum credit card I saw on the web site?