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Amazing, he can just issue himself 300 million shares giving him majority control of the company????
Verified Profile 10/2019 https://www.otcmarkets.com/stock/BIPH/profile
The next few weeks will be interesting. Hopefully the shell acquirer does not reverse split this
The huge run for MXMG started right after the supplemental filing on 8/29/19, stating that Arcaro resigned as CEO. Will same thing happen here?
PLEASE DO NOT PANIC if an update is not made according to your timeline... Your words
I sure do. Thanks for your concern.
Been doing a lot of reading and researching about shell fraud over the last few weeks, and even spoke with one of the attorneys who writes the custodian letters and filings. I owned shares in BIPH when it was an operating company 10+ years ago and started looking into this when I noticed trading volume earlier this year. I thought the company was dead and didn't know the shell lives on. This kind of reminds me of the patent troll scam industry 10-15 years ago, with most of the activity in the Eastern Texas District Court, just like Nevada courts for this shell scam. All it took was one supreme court ruling (see "Alice Ruling") to decimate the entire patent troll "industry".
What's unbelievable is that the SEC allows trading in these custodian shell scams, which appears to be the lowest form of scum in the stock market.
Buy and hold a shell? Seems like a guaranteed way to kiss your money bye bye
Looks like it was bad news
No updates yet. Is this bad news? https://www.clarkcountycourts.us/Portal/Case/CaseDetail?eid=WehK0fhIya5MP8F_dTneEw2&tabIndex=3
No updates yet. Is this bad news? https://www.clarkcountycourts.us/Portal/Case/CaseDetail?eid=WehK0fhIya5MP8F_dTneEw2&tabIndex=3
Are there other Arcaro custodian plays that look good at the moment or is BIPH the best bet?
Is there any possibility that Arcaro intends to revive Biophan's medical technology / IP business, or is it more likely some unrelated business buying the shell from Arcaro to become public through a reverse merger?
Is the status check typically when the reverse merger company is revealed? If not, at what point does that usually happen?
On the positive side, at least there's no overhang on these shell stocks in terms of preferred / convertible debt, warrants etc. after the share structure is cleaned up.
This shell revival game seems like blatant fraud to me. The SEC made an attempt to stop it a few years ago, but didn't follow through with their 'shell expel" initiative
Amazing he could just decide to take a control block of shares when he doesn't really own the company. Yes, he took custody through the courts, but that doesn't give him majority rights and there are shareholders who do have some rights
Who holds the restricted shares, Arcaro or the reverse merger co.?
Now there's 538 million shares outstanding as of Friday. The start of dilution? https://www.otcmarkets.com/stock/BIPH/security
Perhaps it's GNBT's Antigen Express subsidiary which they announced will be spinning out into a public company.
What is the expected or typical return on these things once the reverse merger is complete, 5-10X?
Is the custodianship termination the last step in the process? And next step is we go along for the ride in the new reverse merger company?
Thank you. Never been through this shell revival thing before.
Is motion to terminate a good thing for BIPH shareholders? Does that mean Arcaro found a reverse merger company that will now take possession of the BIPH shell?
When is the court date? Can you post a link?
It's all about risk and control. No new shell acquirer will want the legacy shareholders to have any control whatsoever, so they dilute them with reverse splits, cancelling shares and issuing shares in the new entity. Arcaro must have an interested party in this BIPH shell or he wouldn't have become current with the filings after taking custody in the NV courts.
If Arcaro finds a reverse merger occupant for this shell, legacy BIPH shareholders will be diluted into oblivion with a huge reverse split and issuance of new shares. Any new occupant will not want the overhang of old shareholders having any control.
Their auditors just resigned. They have bigger issues to deal with
And why did this trade sub penny today? Weren't you hoping for 30 cents?
Is this the third or fourth time the shareholder meeting was rescheduled? How many more times do you think they'll reschedule? What are they running from?
Heard that before. If by some miracle it does come, hopefully you have the balls this time to take advantage of the opportunity. You deserve to finally make money off this thing
Where's the value?
Will the stock go up now?
Agreed, this stock really is a POS
"I see trees of green, red roses too
I see em bloom, For me and for you
And I think to myself.... What a wonderful world"
Do you think I'd be here reading your worthless posts if I didn't? What color of the rainbow will it be today?