BioStem Technologies Inc. (BSEM)

[fobboy]

hey...i'm just telling it how it is...

their net loss for the quarter is $66k...they have 200k in "general and administrative"...which basically gives no info to shareholders....

losing money every day their casino is opened...now they're opening another one so they can lose 2x as much.



How are they putting money back into the company? They are LOSING money every day. That 3 for 2 split is not putting money back into company. The reason why they can afford to pay for a 2nd casino with no debt is because they keep diluting shares. They certainly can't make the money from their operations cause they're LOSING money.

The reason CEO keeps saying this stock worth $2+ is because company needs more cash to keep their sinking casino afloat...so they're going to dilute this in the future...i see that the A/S is 500 million...plenty of room to dilute this to oblivion.