Cellular Biomedicine Group Inc (CBMG)

[mythical_phenix]

From the beginning of my time in the pinks until today, this stock has stood out as the only sure-fire turd (in my mind) that did not meet its ultimate ugly fate. Not only that, but it has performed unbelievably well and, this is really hard to fathom, actually pulled off one of the siren songs of the pinks: moving to a more legitimate exchange. Mind boggling. Big Henry Fahman had his hands in this some time ago. Nothing he touches ever turns to gold it seems. Yet big CBMG (formerly EastBridge Investment Group) managed to make it. Or so it seemed. lol!

On April 7, 2015, Seeking Alpha published a report on Cellular Biomedicine Group, which asserts that: (i) it has achieved an unsustainable valuation with paid stock promotion; (ii) its “CAR-T” technology has experienced patient deaths and is worthless; (iii) its founders face multiple allegations of dishonesty and are responsible for an alleged illegal offshore stem cell clinic; and (iv) it has multiple accounting and financial integrity issues. On this news, shares of Cellular Biomedicine Group fell sharply during intraday trading on April 7, 2015.

Can't wait to see how this turns out...