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Tuesday, 04/09/2024 12:49:13 PM

Tuesday, April 09, 2024 12:49:13 PM

Post# of 118409
David Koos' crooked past :

Bio-Matrix Scientific Group, which says it is a biotech in such areas as adult stem-cell cryogenics, was formerly on GISBeX but isn't now. It changed its name from Storage Suites America last December. It keeps pumping out news releases saying it "is preparing to apply for a stem-cell research grant" or is applying for "a cryogenic stem-cell bank certificate" or applying for "International Society of Stem Cell Research" membership and the like. Self-promotion based on applications is not a good sign. "We're a developmental-stage company," explains David Koos, chief executive, who says he doesn't know anything about GISBeX. The stock trades on the so-called pink sheets -- caveat emptor incarnate -- and does not report its results to the Securities and Exchange Commission. The stock has been selling for 34 cents per share.

https://www.sandiegoreader.com/news/2005/mar/17/penny-swindlers/