Rivulet Media Inc (fka RIVU)

[Inoviorulez]

I have been telling people to abandon ship like 2 years ago. Despite looking at the business model you gotta look at the red flag.

An IND is a an application for a new drug to be entered into phase 1 testing. A biotechnology company must submit animal safety study, and other protocols.

A typical IND only takes 3 to 6 months to confer with the FDA. The big red flag here is that an IND has been in process for 2 years or more which is a huge red flag.

Actually here is the press release for the IND for Hemaxellerate being filed back in Feb 5, 2013. So that means for 2 years and 5 months an IND has been submitted but nothing done? That's fishy folks do not be suckered here.

http://www.marketwired.com/press-release/regen-biopharma-files-investigational-new-drug-ind-application-with-fda-on-hemaxellerate-pinksheets-bmsn-1753381.htm

These types of stocks trade on pinksheets for a reason they don't have to be legit in their SEC filings like companies that trade on the NASDAQ or NYSE.