Lifeline Biotechnologies Inc (LLBO)

[GetSeriousOK]

WHY THIS RAN: occasionally, manipulators try to sucker some fools into pretty much every sub-penny pinkie stinkie. They don't get caught because the SEC doesn't really care about the pinksheets.

When they do this and I own the stock, I sell and celebrate and buy it back a few days later.

LLBO came up on their list so they tried it. There is no other reason for the price spike. Holmes is probably NEVER going to submit that 510(k) -- he's been promising to do that for over ten years. And even if/when he does, all the IP (Intellectual Property) belongs to Cyrcadia, not Lifeline.

Holmes split off the subsidiary when he couldn't sell any more LLBO because everyone got wise to his scam. There was no logical or ethical reason to create Cyrcadia and transfer the IP. He raised some private money from new investors in Cyrcadia and if/when there is ever FDA clearance, they reap the rewards.

Lifeline doesn't own Cyrcadia. Lifeline owns some private stock in Cyrcadia but not a majority so LLBO shareholders are screwed.