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.
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.
there you go disbarred attorney in fort lauderdale fl .You got it
who is he ?
He Is not there he is back in sarasota
thanks for the private message ,why dont you tell everyone ?Were this guy is getting the money!You seem to know!
Any way .I just wanted some info good luck on this one .Thank you
Who ? Were is the term sheet/
were is the funding coming from please ?Maybe i should buy some?
How much money and when?What are the terms ?
from the 10q
The Company has depleted its cash and required significant additional financing to achieve it business plans and objectives. As a result, the Company entered into a stock purchase agreement with Elco Securities Ltd. (“Elco”), pursuant to which the Company agreed to sell to Elco, and Elco agreed to purchase from the Company, 20,000,000 shares of common stock of the Company for an aggregate purchase price of $5,000,000, which amount is payable in six equal monthly installments. As the market price of the Company’s stock is below the agreed offering price of $0.25 per share, the Company has elected to not pursue the stock purchase agreement until a more favorable market price is realized.
On May 23, 2012 The Company entered into a stock purchase agreement with Elco Securities Ltd. (“Elco”), pursuant to which the Company agreed to sell to Elco, and Elco agreed to purchase from the Company, 20,000,000 shares of common stock of the Company for an aggregate purchase price of $5,000,000, which amount is payable in six equal monthly installments. The stock purchase agreement provides that the closing of the forgoing transaction will occur on July 1, 2012 or at such other time as the parties may agree
Look 1300 dollars in the bank 120 dollars in sales and they have added another 50 million shares .lol
BIOSTEM U.S. CORPORATION
Balance Sheets
(Unaudited)
August 31, February 29,
2012 2012
ASSETS
Current assets
Cash $ 1,360 $ 4,202
Prepaid - 11,702
Total current assets 1,360 15,904
Total assets $ 1,360 $ 15,904
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities
Accounts payable and accrued expense $ 294,407 $ 79,147
Note payable – related party 285,000 -
Advances-third party 7,164 7,164
Advances – related parties 4,007 4,007
Total current liabilities 590,578 90,318
Stockholders’ deficit
Common stock, par value $0.001 authorized 600,000,000 shares,
issued and outstanding 273,365,856 and 280,490,856
as August 31, 2012 and February 28, 2012, respectively 273,366 280,491
Additional paid-in capital 5,688,731 3,191,333
Accumulated deficit (6,551,315 ) (3,546,238 )
Total stockholders’ deficit (589,218 ) (74,414 )
Total liabilities and stockholders’ deficit $ 1,360 $ 15,904
Look 1300 dollars in the bank 120 dollars in sales and they have added another 50 million shares .lol
BIOSTEM U.S. CORPORATION
Balance Sheets
(Unaudited)
August 31, February 29,
2012 2012
ASSETS
Current assets
Cash $ 1,360 $ 4,202
Prepaid - 11,702
Total current assets 1,360 15,904
Total assets $ 1,360 $ 15,904
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities
Accounts payable and accrued expense $ 294,407 $ 79,147
Note payable – related party 285,000 -
Advances-third party 7,164 7,164
Advances – related parties 4,007 4,007
Total current liabilities 590,578 90,318
Stockholders’ deficit
Common stock, par value $0.001 authorized 600,000,000 shares,
issued and outstanding 273,365,856 and 280,490,856
as August 31, 2012 and February 28, 2012, respectively 273,366 280,491
Additional paid-in capital 5,688,731 3,191,333
Accumulated deficit (6,551,315 ) (3,546,238 )
Total stockholders’ deficit (589,218 ) (74,414 )
Total liabilities and stockholders’ deficit $ 1,360 $ 15,904
4
--------------------------------------------------------------------------------
BIOSTEM U.S. CORPORATION
STATEMENTS OF OPERATIONS
(Unaudited)
Three Months Ended Six Months Ended
August 31, August 31
2012 2011 2012 2011
Revenue $ 120 $ 5,736 $ 744 $ 93,406
Cost of goods sold 423 54 423 38,489
Gross profit (303 ) 5,682 321 54,917
Selling, general and
administrative expenses 2,114,402 1,298,807 2,998,763 1,510,837
Loss from operations (2,114,705 ) (1,293,125 ) (2,998,442 ) (1,455,920 )
Other income(expense)
Interest income 1 - 9 --
Interest expense (6,644 ) (6,644 )
Total other income(expense) (6,643 ) - (6,635 ) --
Net loss $ (2,121,348 ) $ (1,293,125 ) $ ( 3,005,077 ) $ (1,455,920 )
Loss per common share Basic and diluted $ (0.01 ) $ (0.01 ) $ (0.01 ) $ (0.01 )
Weighted average number of common shares outstanding 280,529,986 150,844,788 280,510,421 331,084,788
from the 10q
The Company has depleted its cash and required significant additional financing to achieve it business plans and objectives. As a result, the Company entered into a stock purchase agreement with Elco Securities Ltd. (“Elco”), pursuant to which the Company agreed to sell to Elco, and Elco agreed to purchase from the Company, 20,000,000 shares of common stock of the Company for an aggregate purchase price of $5,000,000, which amount is payable in six equal monthly installments. As the market price of the Company’s stock is below the agreed offering price of $0.25 per share, the Company has elected to not pursue the stock purchase agreement until a more favorable market price is realized.
On May 23, 2012 The Company entered into a stock purchase agreement with Elco Securities Ltd. (“Elco”), pursuant to which the Company agreed to sell to Elco, and Elco agreed to purchase from the Company, 20,000,000 shares of common stock of the Company for an aggregate purchase price of $5,000,000, which amount is payable in six equal monthly installments. The stock purchase agreement provides that the closing of the forgoing transaction will occur on July 1, 2012 or at such other time as the parties may agree.
were is the 10Q lets see how much money you raised?
oh yes he will .He will sell you all you want. lol
Phone: 727-446-5000
Call the company ?Find the number on internet,
Biostem U.S., Corporation Announces $5,000,000 Financing Agreement Through Private Placement of Stock
Press Release: Biostem U.S., Corporation – Thu, May 24, 2012 1:59 PM EDT.. .
.
.Biostem US Corp.
.
CLEARWATER, FL--(Marketwire -05/24/12)- Biostem U.S., Corporation, (HAIR.PK) (HAIR.PK) (Biostem, the Company), a fully reporting public company in the stem cell regenerative medicine sciences sector, announces a $5,000,000 financing agreement through private placement of stock.
CEO, Dwight Brunoehler, announced today that the company has signed an agreement with a funder to issue 20,000,000 shares of the company's common stock in exchange for $5,000,000 in cash or 25 cents ($.25) per share. No other considerations will be granted to the funder in exchange for the cash payment.
In announcing the funding agreement, Mr. Brunoehler commented, "We consider the eagerness of the funder to acquire Biostem shares at a price above the current market to be a tribute to our proven proprietary technology to enhance hair re-growth using human stem cells. Although we anticipated funding the company through the sale of a convertible debenture, the funder insisted on being able to acquire stock at a set price now, rather than risk having to convert at higher prices later. Although Rule 144 sale restrictions usually cause private placements of stock to be executed at a discount to the market, Biostem feels that its current share price is not truly reflective of the value of its proprietary technology; as well as the fact that the technology is already being employed, and the overall size of the hair replacement marketplace. It was for this reason that the company and the funder were able to come to an agreement to price the private placement above the current share price."
About Biostem U.S., Corporation
Biostem U.S., Corporation is a fully reporting Nevada corporation with offices in Clearwater, Florida. Biostem is a technology licensing company with proprietary technology centered on providing hair re-growth using human stem cells. The company also intends to train and license selected physicians to provide Regenerative Cellular Therapy treatments to assist the body's natural approach to healing tendons, ligaments, joints and muscle injuries by using the patient's own stem cells. Biostem U.S. is seeking to expand its operations worldwide through licensing of its proprietary technology and acquisition of existing stem cell related facilities. The company's goal is to operate in the international biotech market, focusing on the rapidly growing regenerative medicine field, using ethically sourced adult stem cells to improve the quality and longevity of life for all mankind.
More information on Biostem U.S., Corporation can be obtained through www.biostemus.com, or by calling Fox Communications Group 310-974-6821.
.
.
Contact:.
.
Fox Communications Group
310-974-6821
yeah its going up
Lets all look at the 10q when it comes out and see how much money the company raised out of the 5 milllion they said in the anoucement at 25 cents like they said and then i know i lost about 8 thousand .
ANY ONE CARE to go after them with me legally ?Thera are not any note holders disclosed in this company.Just sellers.if there were they would have to register there shares and they would not sell at 3 cents .Would you? if they bought in at 25 cents,would you?
rarefind can you please tell me why this wont go up with all of these hundred thousand shares ?
you seem to know alot ! Ty
Can i tell you something rare find .This looks like stock manipulation at its worst .I bought stock at 38 cents .
I bought it because i saw a press release for 5 million dollars .Just waiting to see how much money they have in the bank when they file there next report.
Then i will see what i have to do next to get my investment back!
Is this the right place.I think i will stay here and watch!
I will be watching you .Dont make any mistakes ok ! lol