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is the par value here $0.001?
They are paying themselves for their scam expertise. They have a few deep pocketed retail investors bamboozled but the real feather in their cap was identifying skeevy willing institutional funding and scamming them out of big bucks. KW has honed his skill at identifying greed seeking money and, through the use of heartfelt fiction, transferring that tainted money to himself
I remember a while ago some promoter indicating to keep an eye on the New England Journal of Medicine to read about pmcb. The Pharmacyte story has good chances here to be published.
https://interactives.nejm.org/supplemental/medical_fiction_2022/index.html
Certainly worth a laugh when one scammer out scams another scammer. KW is currently the king of scammers. Scammers beware
You would think they might attempt to confirm their PC therapy can treat PC first?
PharmaCyte Biotech Initiates Studies to Confirm Its Pancreatic Cancer Therapy Can Treat Malignant Ascites
https://finance.yahoo.com/news/pharmacyte-biotech-initiates-studies-confirm-130000955.html
Looks like zero spent on research and development. So a $172k loan offset by $22k in sales. The "loan" conversion to discounted toxic shares is fully in swing or whoever loaned that money is an idiot. All while under a CE lol
Loan conversion scheme (fake loan for discounted shares) in full swing
During the first quarter of 2022, we issued convertible promissory notes to the unrelated third parties for a total of $172,500 with original issuance discount of $22,500. The Noteholders have the right to convert the note into shares of Common Stock at a conversion price ranging from $0.0005 to $0.0008 per share. The notes are due one year from the execution and funding of the notes.
Still holding...the bag
KW doesn't care because he knows his retail shareholders are brain dead
...and a pig lives for another day....probably a full life as these scammers will never run the pig pre-clinical
Pharmacyte remains decoupled from reality
I think I could settle for that kind of return but only for this year lol. Thanks for the confirmation. Of course who tracks these types of pps predictions? Would make an interesting study
"Benchmark’s target price would indicate a potential upside of 71.70% from the stock’s current price."
That would be within the next 12 months, correct? Isn't that industry standard for price predictions....within the next year?
I predict one of the next pump PR's goes something like this....(the “Company”) announced that it has initiated a process to review strategic alternatives with the goal of maximizing shareholder value. Potential strategic alternatives to be explored and evaluated during the review process may include the sale of the Company, a merger, acquisition or other business combination, a strategic partnership with one or more parties, or the licensing, sale or divestiture of some of the Company’s proprietary technologies. Pending any decision to undertake any strategic alternative, the Company is continuing its development activities in accordance with its existing business strategy.
Always good for a short lived pop especially if there is significant cash on hand
Eric Sprott holdings. I see FF on the list. Not sure how accurate this is
https://ceo.ca/@jgms:eric-sprott-holdings
unscrupulous gig for a bunch of scammers
Eat at Joe's, a defunct diner in Philly. They are now all penny stock mavens all the way down to the dishwasher. GL here, you will need it
lol I will never recover here, never mind make money. I am underwater like every other investor that hasn't averaged down/bought in the last couple years. I am not looking for luck but I will make sure potential investors see this is a scam
I feel pretty confident that if Rik could have sold nyloxin through stores, affliliates, GSA (lol), etc he would have done so in the last 10-15 years after his 20 or so attempts. So far no luck on his part. But the nphc business provides him some cash flow to stay alive personally. It doesn't take rocket science to see nphc is under great threat of being forced to dissolve. He has set up the next avenue in the event the SEC follows through (no doubt he is guilty of the accusations, just a matter of whether the SEC feels it is worthy/necessary to fry this fish)
The SEC has some pretty damning allegations against Rik/nphc which I will summarize in my own words as a pump and dump and a scam. It is on Rik to clear that up if not true but I am thinking it is as alleged since Rik has not resolved this by now....and he is now morphing into a new company that also now sells nyloxin. Seems like he is looking for the exit with nphc while keeping avenues open to siphon money into his pocket (outside nphc which has been sucked dry)
I am putting out a verified crap signal for PMCB right now at 1.87
Yes that goes without saying but thank you for enlightening myself and others about how scams work. You really are knowledgeable
It puts preferred stock holders above common share holders in a bankruptcy to collect compensation. Looks like Rik is preparing for the worst. Great DD cngreen
Get Out Now....should be the nphc slogan
There used to be some sort or Sprott ownership here. Anyone know if/which Sprott aspect holds First Mining and how much?
A bit off topic but worth a read about the industry in general
https://financialpost.com/commodities/mining/eric-sprott-makes-his-biggest-bet-yet-on-what-he-believes-could-be-the-greatest-gold-discovery-in-the-history-of-canada
Reload and wait for the next after hours pump...to dump again
These guys figured out a few months ago cotton is not a skin irritant! Who would have thought that? Pmcb's version of advancing the cutting edge of biotechnology
https://ir.pharmacyte.com/press-releases/detail/283/pharmacyte-biotech-announces-cell-encapsulation-technology
Hmm, so they are saying cotton is not toxic to mice. Who would have thought?
If anyone invests after knowing this interest rate is not a mistake will certainly confirm to Rik what he always knew about his investors
The only answers/data that are legitimate and valid from Rik/nphc are those documented in SEC sanctioned documents such as a 10k/q or 8k.
The only answers/data that are legitimate and valid from Rik/nphc are those documented in SEC sanctioned documents such as a 10k/q or 8k. I prefer to avoid having smoke blown up my ass
Was this corrected or is it correct? From the 10k:
Promissory Notes
During January 2022, the Company received a loan for a total of $199,000 from a non-related party. The loan is expected to be repaid through scheduled payments through July 2023 along with interest on average 63.76% annum. The Company has recorded loan costs in the amount of $4,975 for the loan origination fees paid at inception date. The total loan cost is amortized over the term of the loan. The loan is under personal guarantee by Mr. Deitsch.
Hate to see the massive amount of toxic, discounted shares Rik will settle this for when he doesn't pay it down. Wonder when the scheduled payments are due.
Its the RIK
I assume some accounting firm signed off on this 10k. Makes them another worthless collaborator taking tainted pay. I could look myself but, well, I know this is a scam not worth much investment of time
Rik is just advertising his business model of toxic loans for cash. One would now know it is officially the business model since it is in the SEC sanctioned annual report via 10-k. You can believe what you read if it is in the 10k
That is probably what the note agreement says but never Rik's intent to actually pay. It is to be converted to heavily discount toxic shares. Well below the current pps and wait for the Rik pump for the loaner to get their pay day. That is the only business model here
Hey A2Z good to hear from you. What else has happened? Nothing. The reverse split sunk the value of all long time holders. KW is catering to a new audience as he screwed old longs. I couldn't sell fast enough at 1.3 cents pre-split, the equivalent to $19.5/share now....a price never to be seen again. I acquired those before 2014 when I was still ignorant. Still hold a couple shares only as a license to speak my mind now (as always since 2014) as to what a scam this is. The pump never came for common shareholders ha ha. Live and learn. Take care and have a good Easter. Note pmcb is not rising from the dead
There were the mice that TD2, a contract research organization (CRO), did pre-clinical testing of ciab with back in 2014. Shortly thereafter TD2 dropped their relationship with Nuvilex (later renamed PharmaCyte). Nothing was ever published concerning those tests. Does that sound like a successful test?
"PharmaCyte Biotech to Accelerate Siphoning Cash Into Their Personal Accounts"
Yeah, needs that toxic financing (cheap shares in exchange for cash) so he can tell naive investors statements like, "just approved my additional 8M preferred shares (which I paid through the conversion of almost $500K)". Huckster, flim flammer, scammer