PuraMed BioScience, Inc. (fka PMBS)

[Proprium]

A Very Sober Post: RS99, it is curious why this r/s, changing of domicile to Nevada has not happened yet and is being put-off until later and, imo, later still. I dunno, but my guess is that Russ is so broke, there's just no money for anything. Changing the domicile has to involve fees, and fees for r/s filings.

Everything, it seems, has come to a halt. This is also one thing I failed to take into consideration back in July and August. As each day progresses and there's still no news I'm beginning to wonder if Russ has the financial ability to even bring it about. If PMBS was even a little better off we'd be progressing much more quickly.

Just surmising here, and I hope I'm very wrong, but just looking at the failures to keep with the most basic of timelines, makes me wonder when we might wake up one morning and see a great big nasty "Q" notification in the filings. All shares would then be totally worthless, and Russ would have a fresh, clean start.

Think we're hurting now? Wait for that "Q" chapter filing...I'm guesstimating (with each additional day of delay and non-filing), more toward Chapter 11:

http://www.investopedia.com/ask/answers/10/stock-holder-lose-equity-chapter-11.asp "....When a corporation is on the verge of bankruptcy, its stock value will reflect the risk that a Chapter 11 may become a Chapter 7. For example, a company traded at $50 may trade at $2 per share due to bankruptcy speculation. If Chapter 11 is actually filed, the stock price may fall to 10 cents. This value is composed of the potential income that shareholders may receive after liquidation and a premium based on the possibility that the firm may restructure and begin to operate successfully in the future. Private investors can buy and sell these 10-cent shares in the OTC market. The actual value does not reach zero unless the probability of restructuring is so low that a Chapter 7 filing is sure to follow."

If it is Q time, it could very well be 11 to a 7. We are much, much worse than this investopedia example.

With chapter 7: "Usually, little to nothing is leftover for shareholders after the more senior creditors are paid." So things could be a lot worse.

If prayer is a form of communication I would search for an answer that includes a white knight who finds our history and research appealing enough to take a chance. Maybe Russ hasn't enough money to do anything more at this point. And I think we're in deep doodoo. Maybe Q doodoo.