Proteonomix Inc. (PROT)

[Sarzi]

OTC Markets lists LHA Advisors, Inc. as the investors relations contact for PROT.
but on LHA Advisors website they have a list of all their current and former clients and theres no mention of Proteonomix.
I contacted LHA Advisors to see what thats about and it seems like they've never heard of Proteonomix OR Stromacel.

[hasben]

They gonna revive this for the liver damage coming from WuFlu?

[joeeasy]

There's a pump out this AM.

[buxmaker]

Any idea what is propelling PROT today?

[mongoose64801]

nah, somebody sneezed and some change fell out of their pocket.

Cohen was run off. No one is at the helm.

[a surfer]

Awoke.

[InvestorStemCell]

nothing will happen. absolutely nothing.

This study is ongoing, but not recruiting participants.

[WestMaui76]

Just checked the clinical trials website and looks like our phase 2 trial was just updated in May. Wonder what will happen with this...?

Plerixafor for Stem Cell Mobilization in Normal Donors
This study is ongoing, but not recruiting participants.
Sponsor:
M.D. Anderson Cancer Center
Collaborator:
Proteonomix, Inc.
Information provided by (Responsible Party):
M.D. Anderson Cancer Center
ClinicalTrials.gov Identifier:
NCT01818284
First received: March 21, 2013
Last updated: May 4, 2015
Last verified: May 2015

[Bayutiger]

Do you happen to have a copy of or a link to his bankruptcy filing?

[mongoose64801]

You are exactly correct. Looking back with 20/20 hindsight it is pretty clear to see. Going back to the "pinks" to keep from being reporting compliant was a big red flag. I commented at the time that that was not in the best interest of shareholders, but alas, I still liked the story and hung on. The whole GXG story stunk and was clearly another huge red flag. The ongoing "liver trial" froze me in place. Even though I didn't like the GXG story I held in hope that the liver trial would be the cure of all the stock ill's. Cohen knew exactly what he was doing with the liver trial story. He clearly should be in jail, but as I have said, white collar crime is the way to go in this country. Rob a convince store and you go to jail for 5-7 yrs. Rob a couple of thousand share holders and you get a slap on the wrist.

[Mo_Jo]

That's the sanction on the Administrative hearing only. There is also a criminal hearing which he plead guilty to. He will have a disgorgement penalty but the amount hasn't been determined.

See link: https://www.sec.gov/litigation/litreleases/2015/lr23238.htm

I was barking the entire time how this spin-off and GXG listing had gaping holes in its story and how parts made little sense. And people on the board like Sheeple kept defending the transaction and how we would all get our shares. Well, what we all got was screwed! Man oh man, Cohen carefully planned this out if you think about it. Starting when the Company opted to go back on the Pinks so he wouldn't have to be "reporting compliant". We were all so excited about the trials at the time, no one cared...but in the back of my mind I heavily questioned it. Thankfully, I sold a lot of my shares at much higher prices but I was definitely left holding the proverbial "bag" on a bunch! Oh well, maybe we will all see some money back once the SEC is done with him, too bad he appears broke with his latest BK filing!

[vuduu]

again, not much. gotta know when to get out!!!!

[mongoose64801]

So what we see here is that the story about splitting the shares and forming a new company and moving to GXG exchange was a rouse to pump up the share price after Cohen had distributed shares to himself and family members, so he could sell them on the open market and pocket the money.

For that he gets a slap on the wrist and an order to stay away from penny stocks in the future.

All investors in PROT get left holding an empty bag. Got to love those pink sheet companies. White collar crime does pay. He declares bankruptcy so the gov. can't come after his home and personal assets.

[Renee]

PROT: SEC Admin Proceeding against CEO:

http://www.sec.gov/litigation/admin/2015/33-9745.pdf

[mongoose64801]

On the Gov. site the liver trial has not been updated in over two years. It really looks dead. It is true that M.D. Anderson did update their site in Sept 14. It is hard to see how that will help PROT going forward. The company is broke, Cohen is out the door, Fiddler is gone. I think the MD Anderson trial does not end until 2018. I think McNeece is still at MD Anderson, but if he wants to keep his reputation I'm sure he will stay away from this company. Wish I had.

[foggdogg]

The trials are real and ongoing. One in Houston at MD Anderson and one at Rutgers in New Jersey. There are links on this board a few posts down. However, I doubt (now) we will ever see anything come back to us from that whole spin off GXG fiasco....now that Cohen has plead guilty, it's finally over for me.

[mongoose64801]

There is no reason to believe that we are going to receive shares. Cohen has been proven to be a liar and a cheat.

PROT's name has been removed from the GXG. Nothing came of that story, (by the way, they did not take it private. The story was that it would be listed on the GXG). If the liver trial was legit it would have been completed well over a year ago. Nothing came of that story.

PROT was a penny stock sham. We were had.

[WillAnderz]

When are we going to say 'welcome back' on PROT?

[Super Dave]

They took the stem cell IP of the company private. We are awaiting our shares in the private company.

The SEC will not have jurisdiction. The publicly traded PROT, however, may well be dead.

[Dina]

But he is gone:

"Cohen also has agreed to be barred from serving as an officer or director of a publicly-traded company and from participating in any penny stock offering."

What does it mean for PROT? I don´t expect new officer will move the same business forward and it is in question if anyone wants to bring a new business into the shell after the sec issues.

[Super Dave]

Yes, feel free to move on.

[mongoose64801]

Oh please. Let's face the facts. The man is a fraud and a crook. No wonder he filed for bankruptcy. The liver trials came to nothing. The splitting of shares into two companies was a fraud. I said a long time ago that we have been had.

Time to face it.

I wish they'd have given him jail time. Not that it would recoup any of our money. White collar crime rarely means jail time in this country unless you steal on the order of Enron. He pays the SEC a fine and we loose all our money.

Sad, but time to move on.

Thank you Renee for the post. Now we know.

[Super Dave]

On the bright side, this is about shuffling shares around and not falsifying the clinical trial reports.

[Renee]

PROT: SEC Charges New Jersey Biotechnology Company and Its Chief Executive Officer with Securities Fraud:

http://www.sec.gov/litigation/litreleases/2015/lr23201.htm

http://www.sec.gov/litigation/complaints/2015/comp23201.pdf

[rubs1]

This, as I understand it, is a personal BK. I would assume that the CEO is just covering all bases, and is still confident that the company's clinical trials will produce enough interest to make us some real money.

[Dina]

Shareholders of Proteonomix Inc. Potential claims for losses incurred due to role as CEO of company:
100,000,000.00

http://ia902607.us.archive.org/15/items/gov.uscourts.njb.915349/gov.uscourts.njb.915349.1.0.pdf

This is the reason i did not buy shares. It looks like ceo expects to get sued and tries to protect himself with filing bankruptcy.
If there would be hope for the company, you don´t expect to get sued by shareholders.
He disappeared without any explanation, took the website down....
Something is very wrong here imo!

[rubs1]

Curious as to why such a large bid size for the PROT shares.

[OhManIDied]

That is what I have gathered from these PRs, the dates and contents of which supercede any and all claims on the company's various out-dated sites and PRs.

http://ih.advfn.com/p.php?pid=nmona&article=55748215
http://ih.advfn.com/p.php?pid=nmona&article=56975867

I wish I cold invest in the Proteoderm cosmeceuticals but it seems like the company's growing pains proved fatal for this subsidiary. So much demand before they could get manufacturing or inventory off the ground. I am guess it is due to the fact that Matrix NC-138 only received approval for US commericalization years after their fad peaked.

http://www.marketwired.com/press-release/proteonomix-inc-prot-announces-receipt-first-order-purchase-proteoderms-stem-cell-derived-1227288.htm
http://finance.yahoo.com/news/proteonomix-inc-prot-announces-subsidiary-210000465.html

[Dina]

But alas, it seems that the rights/ownership of Proteoderm have been transferred to a private holding company.

Do you have a source for it?

[OhManIDied]

Have any of the early investors here, prior to January 2013, received their shares for the private BVI corporation?

It seems like the litigation settlement in April 2013 was completed as reparations for the failure of the BVI shares to be distributed... otherwise why would they do it?

I was quite intrigued by this stock's story at the start of my research. A biotech company with active clinical trials trading for 0.01 and, assuming no recent and unreported dilution, under $100K market cap!?

I was especially interesting the in cosmoceutical subsidiary, Proteoderm. But alas, it seems that the rights/ownership of Proteoderm have been transferred to a private holding company.

RIP PROT

[playstay77]

I agree. I think that is a plausible timeline.

[WestMaui76]

Here's another option to try and dig up some info...contact The MD Anderson Cancer Center and talk to them about the progress of the on-going trial that was recently verified - here's the info to do so:

Please refer to this study by its ClinicalTrials.gov identifier: NCT01818284

Contacts
Contact: Chitra M. Hosing, MD 713-792-8750

Locations
United States, Texas
University of Texas MD Anderson Cancer Center Recruiting
Houston, Texas, United States, 77030
Sponsors and Collaborators
M.D. Anderson Cancer Center
Proteonomix, Inc.
Investigators
Principal Investigator: Chitra M. Hosing, MD M.D. Anderson Cancer Center

WM

[WestMaui76]

Also, here is a link to the last 8K they filed and as you will see there are several financial institutions that owned hefty amounts of PROT stock. Maybe contacting them will help get to the bottom of what is going on??

http://www.sec.gov/Archives/edgar/data/1469559/000104118312000014/f8kunrergisteredsalesdisclos.htm

WM

[WestMaui76]

Here is a link that will take you to all the major share holders on file with their contact information. Perhaps trying to contact some of the other individuals who were involved with this might give us a clue as to what is going on? The last filing with the SEC was back in 2012 so these addresses might be outdated but hey it could be worth a shot...I would start with Ian McNiece....

http://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0001469559

WM

[rubs1]

I have no idea what is going on with Cohen personally, as I have never talked to him. I am more interested in the two clinical trials. Maybe he is trying to settle his debts before anything actually happen to the price of the stock.

[Dina]

Last updated: September 25, 2014

https://clinicaltrials.gov/ct2/show/record/NCT01818284?term=Proteonomix&rank=2

[Dina]

10m o/s, $.012, 120k market cap, many patents and two clinical trials?
This looks extreme undervalued. Hopefully we will hear something soon.

[rubs1]

I would expect some updates to be done by the end of the first quarter.

[rubs1]

Has anyone checked on the status of either of the clinical trials?

[rubs1]

I do not think there are any assets, other than the intellectual property. And if the IP is worth something, then we already have a winner, when the trials are completed.

[Yachtsy]

I hope somebody knows a name of a good lawyer...Class action wise..

[rubs1]

That information has not been updated in quite some time. Not sure how to do this, but we need to keep our eyes on the clinical trials. Any thoughts on how to accomplish that?

[WestMaui76]

The phone number listed on that website is no longer in service and the email address bounces back....

WM

[jeagerboy]

I guess the truth hurts, another 0 volume day

[jeagerboy]

LMAO, look at the little chart above that says 0 volume, that's all the DD anybody needs. Too funny

[ENRTfan]

Look a little harder.

Plerixafor for Stem Cell Mobilization in Normal Donors
This study is currently recruiting participants. (see Contacts and Locations)
Verified September 2014 by M.D. Anderson Cancer Center
Sponsor:
M.D. Anderson Cancer Center
Collaborator:
Proteonomix, Inc.
Information provided by (Responsible Party):
M.D. Anderson Cancer Center

Proteonomix collaborator along with MD Anderson Cancer Center. Guess this "clownshow" happens to have a Stage 2 clinical trial with THE BIGGEST CANCER CENTER IN THE UNITED STATES.

[rubs1]

Please give me the details on your DD. Any DD would have shown that the value is not with the ticker symbol PROT (Stromacel), but actually the spin off, which is where the clinical trials are going on. Could explain why everyone other than a few know why this ticker symbol does not trade much. Again, I would love to see your DD. giggle, chuckle, and kaboom.

[foggdogg]

Not much of a website, but the Stromacel website is still up, which is the name of this public entity. Prot still has the trials ongoing, there is still a pulse...imo

http://stromacel.com/

[jeagerboy]

DD is telling me this POS is a scam, they cant even pay for the web site. What a clown show

[WestMaui76]

Anyone notice when the website went down? Looks like according to the WhoIs database it was updated this past May and is still registered to Michael Cohen. I tried calling the numbers listed on the registration and they are no longer working numbers. I have been holding out on this one hoping for a miracle but it now seems as though this was officially a scam. Company claims that it has been in business since 1995 but only registered its website in 2008 right before the pump started and we don't even have a website. According to the MD Anderson Cancer Center we do still have an active phase 2 trial going but since we never heard anything about the phase 1 trial which was supposed to be completed in September of 2013 I am not holding my breath that we will ever hear anything about our phase 2.

WM