InvestorsHub Logo

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Live Updating
profile icon
Diana15 Free
01/19/24 8:29 AM
profile icon
Diana15 Free
01/19/24 5:30 AM
profile icon
Diana15 Free
10/20/23 10:44 AM
profile icon
spiritthing Free
09/30/23 12:27 PM
profile icon
Diana15 Free
09/22/23 6:15 AM
profile icon
joe_techi Free
09/21/23 5:25 PM
profile icon
Diana15 Free
09/18/23 3:43 PM
profile icon
joe_techi Free
09/15/23 5:09 PM
profile icon
joe_techi Free
09/07/23 7:43 PM
profile icon
Diana15 Free
09/07/23 11:37 AM
profile icon
saladan2 Free
07/21/23 6:55 AM
profile icon
tjclark0551 Free
07/20/23 4:21 PM
profile icon
Diana15 Free
07/20/23 2:16 PM
profile icon
Diana15 Free
07/20/23 12:32 PM
profile icon
$Pistol Pete$ Free
07/20/23 12:22 PM
profile icon
Diana15 Free
07/18/23 2:51 PM
profile icon
tjclark0551 Free
07/18/23 2:46 PM
profile icon
Diana15 Free
07/10/23 11:33 AM
profile icon
Diana15 Free
06/23/23 12:47 PM
profile icon
Diana15 Free
06/22/23 2:43 PM
profile icon
Diana15 Free
06/22/23 1:21 PM
profile icon
Diana15 Free
06/06/23 6:38 AM
profile icon
Diana15 Free
05/24/23 4:50 PM
profile icon
Diana15 Free
05/24/23 4:46 PM
profile icon
Diana15 Free
05/24/23 3:56 PM
profile icon
thenewmixer Free
05/23/23 9:39 AM

PharmaCyte Biotech Inc (PMCB) RSS Feed

Followers
802
Posters
Posts (Today)
0
Posts (Total)
144807
Created
01/18/06
Type
Free
Moderators $Pistol Pete$
 

 
50B shares increased and completely "SCAM" company.


A COMPLETE SCAM COMPANY WITH 2.4B SHARES AVAILABLE TO DUMP

CEO sells block shares for .005


Let's look at KENNETH WAGGONER CEO OF PHARMACYTE attributes
 
A CEO of a penny stock

Was associated with 2 scam companies in the past.

Misleads investors with PR wording.

A lawyer, not a businessman and definitely not a Bio Tech person.

Has not been able to generate capital gains for Long term stockholders in PMCB since he joined the company in 2014.

Never has he purchased any shares in PMCB.

PMCB currently has 2.4 billion shares outstanding, without yet submitting an IND.

KW received over 1 million dollars in cash and stock and stock options in 2018, and the company not as yet have an approved product or filed an IND yet:

As Chief Executive Officer, President and General Counsel, Director at PHARMACYTE BIOTECH INC, Kenneth L. Waggoner made $1,004,360 in total compensation. Of this total $375,000 was received as a salary,$312,800 was received in stock options, $316,560 was awarded as stock. This information is according to proxy statements filed for the 2018 fiscal year.


A must read about PMCB management


background and previous shadeyness.


Well, I've posted this countless times but here you go:

PMCB's Oh Wise CEO, Kenneth Waggoner, who had previously worked as EVP for ChinaTel, now VelaTel, which is basically a pump & dump Chinese Reverse Merger stock now worth $.0001 cents. Here's a nice summary of some timely dumping:

Quote:"CHTL has certainly treated its stock like an endless money supply. For example, regulatory filings show, CHTL issued more than 30 million shares of stock to consultants and contractors – causing its overhead costs to skyrocket -- during the first nine months of 2009 alone. Since then, those filings show, the company has issued millions of additional shares for similar consulting services.

With the stock blowing past $1 near the end of last year, CHTL insiders began to cash in some of their chips. Isidoro Gutierrez, identified in regulatory filings as CHTL’s chief administrative officer and uncle to two of the company’s top executives, sold at the highest prices – fetching up to $1.55 a share – around the time the stock hit its peak.

In early February, however, a mysterious Mexican trust holding 4.8% of CHTL’s stock (just short of the 5% stake required for detailed disclosures) reported the most lucrative sales of all. Between Dec. 17 and Jan. 22, the trust sold more than 2 million shares of CHTL – at prices ranging up to $1.91 a share – and pocketed almost $3 million in proceeds in the process.

Kenneth Waggoner, CHTL’s outside legal counsel, executed some well-timed sales as well. On the same day thatCHTL announced that Excel had reduced its original funding commitment, for example, Waggoner sold 15,000 shares of stock at just under $1 a share. Two days after CHTL learned that Excel would be unable to make its first big payment – and three days before the company actually disclosed that news – Waggoner followed up with an even bigger sale by cashing in 40,000 shares as the stock headed below 70 cents a share."



Quote:San Diego County Superior Court
Lawsuit filed March 10, 2010-Case no. 37-2010-00087536-CU-EN-CTL
VRT Square LP v. China Tel Group, Mario Alvarez, Kenneth Waggoner, Ken Hobbs, et. al.
Complaint alleges causes of action for, among others, Fraudulent Conveyance, Fraud, Conspiracy Unjust Enrichment and Constructive Trust. Allegations state that a legitimate judgment was obtained by VRT Square against Mario Alvarez and his failed company, Greenleaf Home Loans. Complaint further alleges that after obtaining judgment, Mario Alvarez transferred essentially all his assets and all his stock in Chi