LET'S TALK PENNY STOCKS

[Mr. Zen]

km123 ok here's what is happemning here (I think)

Pursuant to the sale BMXP received 10m shares of Tasco common stock in exchange for all of the outstanding common stock of its wholly-owned subsidiary, Bio-Matrix Scientific Group Inc (a Nevada corporation having the same name as its parent). As a consequence BMXP becomes the largest shareholder of Tasco, owning approximately 78.25% of its common stock.

BMXP intends to register its Tasco shares under the Securities Act of 1933 and distribute them to BMXP shareholders in a spin-off dividend.

Tasco, subject to shareholder approval, plans to change its name and become known as Bio-Matrix Scientific Group Inc, and will continue to trade on the OTCBB. BMXP (the company currently known as Bio-Matrix Scientific Group Inc - a Delaware corporation and whose common shares trade on the Pink Sheets) also intends to change its name.

Tasco bought BMXP for 10,000,000 THII. BMXP now owns 78% of THII. It will now trade on the OTC under BMXP and will be an operating subsiduary of THII (what is left of THII after the 78% is given out (22%)) that 22% will be the parent company of BMXP.

A little convoluted but the real question is...What is the future of this Bio-Matix Scientific group as that is the trading entity... they would not do this if they did not have a future but watch out for toxic financing that may follow.