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i cant believe the sec just lets these guys continue to do business
RBCC Nears Finalization of Partnership Agreement with Leading-Edge Pharmacogenomics Labs
NOKOMIS, Fla. --
Rainbow Coral Corp. (OTCBB: RBCC), a biotech company focused on delivering new medical technologies and innovations, today reports its anticipation of partnering with a cutting-edge genome-mapping facility in Houston in the next few weeks.
The genetic testing sector is one of the fastest-growing segments of the global biotech industry, with some market experts expecting it to reach $2.2 billion by 2017. The cutting-edge science of pharmacogenomics is a field of study resulting from the Human Genome Project that seeks to help doctors assess genetic variations in patients in order to create more effective, optimized drug treatment plans.
RBCC sees it as the future of medicine.
“This is the next evolution in personalized medicine,” said RBCC CEO Patrick Brown. “Important differences in drug metabolism and response from person to person are often rooted in our genes. By studying a patient’s genotype, doctors can eliminate the trial-and-error approach to tailoring a safer, more efficient and more effective drug treatment plan.”
RBCC is turning its full attention to the exploration of new promising opportunities now that the company will no longer be partnering with Amarantus Biosciences, which has elected to pursue other opportunites. RBCC wishes Amarantus much success moving forward, and remains open to future partnering opportunities with the company.
In addition to its pharmacogenomics talks, RBCC is also currently working on a joint venture agreement with a privately held drug delivery company that could soon make local delivery of biologic agents and small molecules safer, more effective and more convenient than ever before.
For more information on Rainbow BioSciences’ current projects, please visit www.rainbowbiosciences.com/investors.html.
looking good!
i'm preparing to sue gandy and the others. anybody want in. i have screen shots of every single press release and public statement.
what a scam this was. i can't believe the sec is just going to let these guys get away with making huge public statements about near billion dollars profits, etc, flooding the market with shares for profit and then walking away.
it takes the sec a awhile to retrace all their actions. the sec isn't done with these guys. however, its not going to be jail time. they'll get a fine and be restricted in someway. its all bs!!
we need some news
so now it comes to mind to down size? they should have never moved into that big office or hired 26 employees. def not how you START a business. the news sounds promising, but it will be years before anything happens for us shareholders, if ever.
i've written gandy several times and he refuses to reply. looks like he really is just another penny stock scam artist.
he's had plenty of time to get this issue resolved or at least show us some progress within the company.
Link to PGIE News, Letters, PR
http://ih.advfn.com/p.php?pid=news&symbol=PGIE
what partner would this be? would this be a new shell?
"we may offer via proxy vote to shareholders to convert the company and its shares to partnership interest at a premium price"
buying another shell to get back on a board would be a whole lot easier than trying to re-register pgie
in other words. our shares of stock in pgie are worthless and we're all sitting on the edge of our seats waiting on a group of people to clear this mess up, who have yet to close a deal or get one single thing accomplished for the company other than a sec suspension.
sounds very promising!
maybe tell us what they intend to do in order to correct this? are they going to refile the registration? how are they going to get pgie back on the board?
pgi needs to make some sort of statement about this mess.
ie: i'll sell 30M @ $1.00, hit me up if interested.
yes! :) screw peter! paul wants his dough back.
you know what i mean. if you have shares, try to sell them and get back to me.
hopefully when or IF they get the $20M from this offering, they buy a new shell for a few hundred grand and swap US PGIE shares for the new company shares and clear this all up. if not, we all should ban together to seek a class action civil judgement against those funds. no way is gandy and gang going to cash in and leave us holding the bag.
pgie is dead and is never going to trade again, so i hope they have a plan other than walking away.
anyone seen this? see link below. scroll down. they're trying to sell 20M shares into the canadian market for $2 a share. look at page 24. its says they have over 2B us shares outstanding.
i'm just curious if they have any interest in their us stock? if so how do they intend to turn this around or get the us stock back on a tradeable board.
http://www.pgienergy.us/disclosure/PGI%20CANADIAN%20OFFERING%20MEMORANDUMCONFIDENTIAL.pdf
i wonder if pgi's management believe they owe us any explanation? 1.5B+ issued shares are now un-tradeable. i just don't see how the gov can just let companies, ceo's, board members, etc walk away from that. you steal a candy bar from the local corner store you go to jail. what's the dif?!
not sure what possible interest he cold have in pgi now that he owns no stock or isn't going to receive a commission for finding capital for pgi.
i think its just a title to keep himself looking as though he's not running, but eventually he will be gone. as soon as they can sort out the sec issues, he will disappear.
would you be concerned about pgi and posting on this board if you didn't own stock in the company? i don't think so.
so is mczeal turning out to be the punk in this clan!? sure doesnt seem like he did too much for pgi other than hold his hand out.
perhaps this new ceo will turn things around? the guy at least has a back ground in the oil & gas industry.
mczeal did absolutely nothing but hold his hand out like most attorney's do and gandy is nothing more than a small local bank used car loan officer at best. neither have any knowledge in the oil & gas industry. they both were simply looking for a quick buck
i say good riddance! its time to pick up the pieces and turn this thing around. all it takes to get off the grey's is a new filing, a good ceo/board and some positive financials. yes! we may be on the grey's for a while, but it is possible for pgi to be successful.
first thing i would do is fire about 23 or the 26 employees. get out of that big fancy office and into some small warehouse where really oil men start!
mczeal and gandy wanted to start off at the top. they didn't want to work for it. they wanted to be shell oil, bp or some huge corp without any money, knowledge or putting any sweat into building a great company.
i agrree 100%. mczeal and gandy are trying to make it appear as though they are taking a huge loss also by surrendering their shares, forgiving debt, altering contracts, etc. however, the writing on the wall to us shareholders from that last letter should be that they are simply trying to walk away as though they never had anything to do with this mess.
anyone who thinks gandy or mczeal have any intentions of working to solve this problem, or turn the company around are dead wrong. neither have any reason to take interest in the company now. they just want out of a company they started, falsely promoted, and made money on by selling or shorting stock upon bogus news.
unfortunately for them the sec isn't stupid. they can run, but there will be no where to hide. i hope mczeal loses his licenses, and both are banned from ever owning or running a public company, along with a huge fine.
you guys are mean. i don't wanna play anymore, here's all my marbles!
gandy and mczeal are simply attempting to walk away. trying to make it appear as though they never made any money selling stock and are walking away with a huge loss.......BS!!!
let see! i'll put out bogus news for a year, never have a single thing materialize, manipulate the companies stock while selling at bid into the market. however, i'm now going to give back all of my shares of stock and act like i was never involved.
wont giving up their shares put the company at risk of a take over. one of us common share holders might hold the majority of shares now. it would certainly effect any voting? this outfit isn't too bright for sure.
yes, i think he was part of the board because of the amount of shares he controlled, but now he's just trying to walk away like he had nothing to do with it. he must think taking a loss is going to rid him of all the lies he released to the public and manipulation he caused within the PGIE market.
that press release couldn't be anymore clearer!
gandy was never an officer of the corp, so its sounds like to me he is also trying to separate himself from the company by giving back the shares and amending his service contract.
without owning any shares or making any money by providing service, what interest would he have in the company now? he can't be dumb enough to think he's just going to walk off into the sunset, can he?
same thing he did with cmoney!!
so how much will the share count be reduced by now? those guys probably had 500M or more combined, no? that's if they took the divy too.
what's the dif. the shares are worthless anyway. sounds to me like they're just trying to make it appear as though they now care about the common shareholder. and mczeal! well, he's just trying to run away!
thanks yanky. i'm almost certain they will end up on the grey's, unless they refile. refiling could take months or longer and may not even be possible
the likelihood that any MM would sponsor them is slim. no one wants to be associated with a company being investigated by the sec. its like a death sentence! but, we'll see what happens.
i kind of hope they purchase another shell and then buy out pgi's stock. it would be a new name, ticker and beginning. even if they have to do a r/s to get the share count down, it would be better for us in the long run.
i don't think fixing this is going to be a high priority for pgi. probably cheaper for them to provide what info they can to the sec, hoping to avoid any sec penalties and then let the company die. if investors start any civil actions, they can just file bankruptcy and blow them off.
anyone try to contact gandy lately? i thought they were going to put out a pr?
pgi can go back to the pink, but they would have to file and register the company agian just like the shell they bought did. its similar to an S-1 filing, but not as many hoops to jump through for a pink.
they would be better off to buy another shell, buy out pgi's stock and start over. they might have to do a r/s to get the share count under control, but it would be a new beginning and save us from total lose.
OR, they can just walk away like total scumbags! this will be gandy's true test.
it wont be listed on any board and your broker wont have anything to do with it.
probably some otcbb shells out there for 100k or so. they would have to do a r/s to cut down the share count, but that's btter than walking away or us losing money.
yes, that does make sense. hopefully they do the right thing and buy out pgi's stock. however, i highly doubt that's the way it will go down.
probably be easier for them to just purchase another shell, buy out pgi energy stock, change the ticker, etc. that's if they have any money left.
or just walk away leaving us shareholders holding the bag, and face sec charges, which would just amount to some fines.