Given the accusations of wrongdoing brought up here (pointed out to me by Janet Reid's blog in this recent post) I thought this publisher needed a thread warning people about it.
Since it seems to be exclusively a republisher of previously printed material, I doubt there is any danger to unpublished authors. But there certainly seems to be a danger to published authors, if they've been published for long enough. Yuck!
I guess this would disprove the well-known argument stating that publishers will never steal your book!