BTEM.OB : Biostem, Inc. - You be the Judge?

This is an excerpt from the company's 8-K filing with the United States Securities and Exchange Commission on May 25, 2007

On or about May 23, 2007, BioStem, Inc.’s (“our,” “we,” and the “Company’s”) management became aware of certain unsolicited fax blast communications and a large advertisement in the USA Today, listing the Company’s name and including certain information regarding Cryobanks International, Inc.’s (“Cryobank’s”) proposed Merger with the Company.


Neither we nor our management were aware of, paid for, approved, and/or had any connection or knowledge of the recent unsolicited fax blast and USA Today advertisement discussing the Company and Cryobanks, prior to the release of such information.

Around the same time that the 8-K was filed with the SEC, one of our colleagues received a promotional piece that should have been called Red Flag Alert. For example, it was from a site called stockpic.com which redirects you to a site called photography.com. Cute, real cute.

Memo to company.

The piece came from US Postage paid permit 2036. That's a good start if you really would like to find the source of the fax blast and USA Today Advertisement. There might just be a connection??