Fusion Pharm, Inc. (FSPM)

[WinnerAlright]

Re-posting this post from August as requested. Update: FSPM is still a scam. Just like most penny stock companies.

Laughable. 100% of Fusion Pharm's "sales" were to themselves as of the last detailed annual report and this was not disclosed to the SEC (the financials misrepresented these as external sales which made their numbers look better than they actually were). Investors invested based on the belief that Fusion Pharm had revenue and customers. Even if they gained customers since the 2012 report, they still got investors based on incorrect numbers. This is called securities fraud and it is not a "minor charge" as you say. It is theft and there are victims (the victims being shareholders, competitors, and the integrity of the financial system). I don't know why some people are saying we don't know what the evidence is. We might not know everything but there is publicly available evidence about one thing. The evidence is in the 2012 report and May 2014 press release. They told investors they had lots of revenue and customers when in reality they set up companies that they ran, they "sold" products to these companies, and they told investors that Fusion Pharm had all these sales. They did not disclose that these companies were actually run by related parties ("related parties" being Fusion Pharm management). Since Sears (perhaps accidentally?) refers to Fusion Pharm as "we" in the recent article about the Seattle event, I think it's safe to say he is part of Fusion Pharm.