Biostax Corp (BTAX)

[noreen]

Tjguy, in reference to why I think this stock is “Dump and Pump” (the opposite of "Pump and Dump"), first of all, just read through the 3000+ posts and it’s obvious to me what is going on. You decide for yourself.
"Pump and Dump" vs "Dump and Pump"

But other than all of that stuff, I’ll just list this one key point that enforces to me that this stock is very likely a “Dump and Pump” stock (very good thing for us in my opinion).

Here was the most "toxic" note of all notes from our most recent annual report:

Promissory notes issued in December 2015. Lenders earn interest at a rate of 10% per month. Notes are repayable on March 9, 2016. $30,000 of principal and $49,000 of interest and penalties were converted to 987,500 shares of common stock in 2016. The Company was unable to repay the remaining note at maturity and the note is in default. The Company is obligated to pay late-payment penalties totaling $5,000 per day on the remaining obligation.

What the What? $5,000 penalty PER DAY on ONLY a $100k loan (the initial loan was for $130k but $30k + interest was converted)? And Noreen or Peter signed this? Why the heck would anybody sign such usury? Well, in my speculation, they can sign it because they know it's usury and won't have to pay the penalties, when at the same time it's going to scare the heck out of investors and keep the stock price low.

And did you read that 8-k from April 13th?

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11993947

Oh, guess what, that toxic note is now paid off, and we never had to pay any penalties after all. Yep, the stock started shooting up on April 12th (when it was announced in a PR), because that was the most toxic note of them all, and it was finally gone.

All the other notes in the Notes Payable section of the 10-k say "No demand for repayment is being made at this time." Hmm, so if you have all these insiders willing to loan the company money and you know that they do not demand repayment when you're default on a loan, why wouldn't you just have borrowed the $100k from them instead of having to sign something where you might have to pay $5k per day penalties if you end up in default?

I for one would speculate that it's because they want to scare away investors, hence more evidence that this stock is a Dump and Pump, and it's about to sky rocket IN MY OPINION!

Next point, here is the cash on hand for the trailing twelve months:

March 31, 2017 – $98k
Dec 31, 2016 – $74k
Sep 30, 2016 – $22k
June 30, 2016 – $64k

Now WHY in the WHY would IMUN continuously carry under $100k in the bank when the burn rate is $100’s of thousands per month? It is very clear that they do indeed have plenty of insiders willing to keep giving money. Well, in my opinion, if they keep the cash low, it will scare away investors, more evidence for why it’s about to rocket whenever these contracts do get here. Because the initial contracts, whenever they do arrive (if they do), should finally prove that this company is legitimate (in terms of the revenue stream they should generate and the value it produces), this stock should finally skyrocket when those contracts do come.

All of the other evidence backing up my opinion, you’ll have to read the 3000+ posts and figure it out on your own.