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CBMG Cellular Biomedicine Group Inc

19.74
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cellular Biomedicine Group Inc NASDAQ:CBMG NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 19.74 19.74 19.80 0 01:00:00

INVESTOR ALERT: Investigation of Cellular Biomedicine Group Inc. Announced by The Law Offices of Howard G. Smith

20/05/2015 4:28pm

Business Wire


Cellular Biomedicine (NASDAQ:CBMG)
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Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Cellular Biomedicine Group, Inc. (“Cellular Biomedicine” or the “Company”) (NASDAQ: CBMG). Investors that have purchased shares of Cellular Biomedicine, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

The investigation concerns the Company’s and its executives' alleged violation of the securities laws, by virtue of Cellular Biomedicine’s failure to disclose to investors that the Company had used paid stock promoters and that the Company’s “Car-T” technology had experienced patient deaths and lacked any meaningful value.

On April 7, 2015 a seekingalpha.com report revealed that the Company engaged undisclosed stock promoters, had large insider sales, that the Company founders faced dishonesty allegations and used the services of an individual serving 11 years in prison for fraud. In addition, the report also revealed that 50% of the Company’s quarterly SEC filings raised accounting and financial integrity questions. Following publication of the seekingalpha.com report the value of CBMG shares declined significantly, falling $7.00 per share, or 22%, to close on April 7, 2015 at $25.22.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Law Offices of Howard G. SmithHoward G. Smith, Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com

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1 Year Cellular Biomedicine Chart

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