I have a question or two. But before I ask, I will
Post# of 5066
Posted On: 10/08/2013 9:58:05 AM
I have a question or two. But before I ask, I will point out a few things:
Despite what we see posted over yonder, there are some pretty intelligent people invested in this stock; we have retired & active military (as always, my heartfelt thank you for your service to this country and the people that benefit and have their lives to thank you for such), police officers, firefighters, essential and non essential government workers, physicians, engineers, successful farmers, law students, pharma reps, freelance writers, editors, small business owners, accountants, etc., etc., etc... This stock is not primarily owned by trailer park trash or bottom-feeding penny stock guru wannabe's like so many other trash penny stocks. Rather, the folk invested here, intoto, make up a cornucopia of brain matter that, collectively, represent why this country (and those like it), have been able to position itself as great leaders (current administration notwithstanding).
We are no fools. Though, as time progresses, it appears as though the CEO of this company thinks of us as being fools. And has so since he was able to solidify his first grip of control over other peoples money.
For the sake of this post, I am going to limit this to BMSN. Bio-Matrix Scientific Group is the company we are invested in although all matters relating to intellectual property and potential revenue belong to Regen, the wholly owned subsidiary. So, we are putting our money into the parents hands and are doing so based on the promise that the kid is going to be a big star one day.
Until July of this year, there were few updates by the parent with respect to the activities of the child; the child's website lacked updated information for months and month, the SEC filings for the parent were inaccurate inasmuch they didn't reflect the actual state of the finances and were subsequently amended of late; the true nature of the toxic financing was never adequately disclosed and the change to the child's structure (i.e., the 500,000,000 shares issued to Regen mid year) were never disclosed in an SEC filing. And now we know that at least one company has been issued shares of the child in order to satisfy the debt of the parent (see below). Why is this? Why, did this CEO issue 1,500,000 shares of the child's independent shares? What makes this entity so important that it should be issued 1.5 million shares and no one else? At least for the moment that is. Who is next? And how many? And why does the child have 500,000,000 shares yet the parent continues to dilute and take shareholder money to pay debt?
There is massive dilution taking place right now. And I still stand by my assertion that David Koos, with all of his experience in being a broker, is somehow shorting his own stock. Granted, I do understand that you have to pay the piper and with the gubment shutdown, the additional testing, the Trademark screw-up, etc., etc., possible revenues are delayed yet again. But man, it sure looks to me like there could have been other measures taken to satisfy this debt.
All that said, my question is this: If the shareholders of this company request he/she be updated as to the full intent of the business relationship between parent & child and the CEO neglects/refuses to advise his shareholders, if the parent--the entity in whom we have invested our hard earned money-- goes belly up based on the CEO's mismanagement/illicit actions thereby rendering our shares worthless, do we not have some sort of legal recourse against, well, let's say the child, by virtue of the fact that the child benefits greatly by promises made about it from the monies provided the parent?
In short, Koos didn't issue the 500 million shares of Regen cause they look pretty. He obviously has a plan and has started to put this plan in motion. If he is asked by his shareholders how that plan ultimately effects them and the company they are invested in and he refuses/neglects to come clean, can shareholders sue his ass (and likely win) if this stock gets flushed? I don't know and this is why I am asking.
Comments?
http://www.lawinsider.com/contracts/4wv1OSKSz...2013-09-09
Despite what we see posted over yonder, there are some pretty intelligent people invested in this stock; we have retired & active military (as always, my heartfelt thank you for your service to this country and the people that benefit and have their lives to thank you for such), police officers, firefighters, essential and non essential government workers, physicians, engineers, successful farmers, law students, pharma reps, freelance writers, editors, small business owners, accountants, etc., etc., etc... This stock is not primarily owned by trailer park trash or bottom-feeding penny stock guru wannabe's like so many other trash penny stocks. Rather, the folk invested here, intoto, make up a cornucopia of brain matter that, collectively, represent why this country (and those like it), have been able to position itself as great leaders (current administration notwithstanding).
We are no fools. Though, as time progresses, it appears as though the CEO of this company thinks of us as being fools. And has so since he was able to solidify his first grip of control over other peoples money.
For the sake of this post, I am going to limit this to BMSN. Bio-Matrix Scientific Group is the company we are invested in although all matters relating to intellectual property and potential revenue belong to Regen, the wholly owned subsidiary. So, we are putting our money into the parents hands and are doing so based on the promise that the kid is going to be a big star one day.
Until July of this year, there were few updates by the parent with respect to the activities of the child; the child's website lacked updated information for months and month, the SEC filings for the parent were inaccurate inasmuch they didn't reflect the actual state of the finances and were subsequently amended of late; the true nature of the toxic financing was never adequately disclosed and the change to the child's structure (i.e., the 500,000,000 shares issued to Regen mid year) were never disclosed in an SEC filing. And now we know that at least one company has been issued shares of the child in order to satisfy the debt of the parent (see below). Why is this? Why, did this CEO issue 1,500,000 shares of the child's independent shares? What makes this entity so important that it should be issued 1.5 million shares and no one else? At least for the moment that is. Who is next? And how many? And why does the child have 500,000,000 shares yet the parent continues to dilute and take shareholder money to pay debt?
There is massive dilution taking place right now. And I still stand by my assertion that David Koos, with all of his experience in being a broker, is somehow shorting his own stock. Granted, I do understand that you have to pay the piper and with the gubment shutdown, the additional testing, the Trademark screw-up, etc., etc., possible revenues are delayed yet again. But man, it sure looks to me like there could have been other measures taken to satisfy this debt.
All that said, my question is this: If the shareholders of this company request he/she be updated as to the full intent of the business relationship between parent & child and the CEO neglects/refuses to advise his shareholders, if the parent--the entity in whom we have invested our hard earned money-- goes belly up based on the CEO's mismanagement/illicit actions thereby rendering our shares worthless, do we not have some sort of legal recourse against, well, let's say the child, by virtue of the fact that the child benefits greatly by promises made about it from the monies provided the parent?
In short, Koos didn't issue the 500 million shares of Regen cause they look pretty. He obviously has a plan and has started to put this plan in motion. If he is asked by his shareholders how that plan ultimately effects them and the company they are invested in and he refuses/neglects to come clean, can shareholders sue his ass (and likely win) if this stock gets flushed? I don't know and this is why I am asking.
Comments?
http://www.lawinsider.com/contracts/4wv1OSKSz...2013-09-09
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