Thursday, June 23, 2011

Kevin Kimberlin

I finally received a response back from an Eric Swanson at Immune Response Biophrma. He said the following:

"Per your note to Mr. Buswell, it's my understanding you have issues relating to his medical and business efforts. While I'm not a brankruptcy expert, I believe the science he has embraced was abandoned by the parties you mentioned in your email. It seems to me he's trying to make good on something that was left to the trash collectors."

He also went on to say,
"it is my understanding accredited investors will perhaps have an opportunity to participate in an Immune Response Biopharma Private Offering or Initial Public Offering of shares."

The company's website says,
"Dividends: The Company plans to pay regular dividends Annual $1.00 per share dividend beginning on December 25th 2011, and quarterly dividends of $.25c per share on March 30th 2012, June 30th 2012, September 30th 2012, and December 25th 2012.

Partnering out manufacturing and drug development the company intends to become a royalty generating income producing company."

I guess I am confused. Immune Reponse/Orchestra could not get anyone to partner with them nor invest in the company nor could they obtain any grant money to help stay in business. The entire scientific community said the company's test trails were fatally flawed and that their approach was outdated and basically a waste of time. The stock price dropped to below a penny a share and the company had to file Chapter 7 due to lack of funding and investment.

Now this Buswell comes along and as Stewart says he pulls the research papers from Immune Response/Orchestra out of the trash barrel and now he's going to form a new company, start paying dividends, partner with other companies and go public with an IPO for accredited investors only.

Is he running a con on ignorant investors or did Kevin Kimberlin and Spencer Trask con the rest of the investors in Immune Response/Orchestra out of their money and property rights?

Where is Buswell getting his financing from? Could it be Kevin Kimberlin and Spencer Trask or behind him?

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