Here's a post from 2009 that deserves to be republished:
"Posted by: PennyBlogger
In reply to: Californicator who wrote msg# 385 Date:11/11/2009 12:18:48 PM
Post #386 of 447
BISU- Buyers beware. This is all bull and lies. This a scam again the major players here are again Dan Ryan from the Penny Chaser and his pals the 2 brothers Paul Mastantuono and Daniel. These 3 guys are behind others scams. Pump and dump pure. BEWARE BEWARE .... "
And of course we all know what happened to Penny Stock
Chaser and Mr. Ryan...........
http://dealbook.nytimes.com/2010/06/29/s-e-c-sues-2-penny-stock-promoters-for-scalping/ :
BISU until recently used to be:
-
SEC Reporting Status
They claim to be a SEC Reporting Company, but given that their last 10Q is riddled with both accounting errors and factual errors, this seems unlikely to last:
"For the three and six months ended June 30, 2011 our operating expenses totaled $560,098 and $453,653 as compared to $155,350 and $421,930 during the comparative periods in 2010."
Please note that this implies negative operating expenses for January to March 2011, which is good trick if you can do it.
Of course, BISU (nor anybody else) can't, so it shows that these accounts are, not to put too fine a point on it, utter nonsense.
"Most of these expenses are attributable to professional fees[for which read siphoning of of cash to our Canadian gangmasters] totaling $448,890 and $550,275"
"We will require a significant capital infusion to continue our operations. We may offer debt or equity financing. If we rely on equity financing, you will experience substantial dilution. Any debt financing would in all likelihood contain restrictive covenants which would make compliance very difficult. As of the date hereof, we have no commitment for either debt or equity financing. As such, it is unlikely that we will be able to significantly expand our operations and reverse our continuing losses in which case you may lose your entire investment."
"At June 30, 2011 we had cash of $48"
That's $48 total, not $48 thousand!
"Our internal control over financial reporting is not effective"
You betcha it's not.
Apparently either Chaumillon has (at least) two aliases, they've changed their CEO, or they can't even get the name of their CEO right in an official SEC filing:
"By: /s/ Gilles Pomerleau
--------------------------------
Gilles Pomerleau
Chief Executive Officer "
The CEO is Gilles Chaumillon, the CFO is Gilbert Pomerleau. They can't even get the names of their company officers right!
http://ih.advfn.com/p.php?pid=nmona&article=48914613
The A/S is 90 million according to their Nevada filing: http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=EjE1biEdM3imK4kDNYEK4A%253d%253d&CorpName=BIO-SOLUTIONS+CORP.
Bio-Solutions Corp.
14517, Joseph Marc Vermette
Mirabel (Québec), Canada J7J 1X2
Tel: (888) 686-2611
http://www.bio-solutionscorp.com/
Incidentally, Dr. Maximilien Arella is a recidivist penny stock scamster, so no one should be surprised by what happens with this stock. Ultimately it's probably arch-penny stock swindler Jean François Amyot who controls Bio-Solutions.
