Pressure Biosciences Inc (EM) (PBIO)

I'm guessing no BK because Clay Struve keeps propping them up.

PBIO Default Judgment last month. The judgment was entered after PBIO didn't respond to court orders in their Lando & Anastasi (Patent Attorneys) vs PBIO lawsuit. They are ordered to pay $124,344.39. Bankruptcy should be any day.

#6 and the last paragraph is about the same company, Parkview Advance, but apparently different suits.

For a Company (PBIO) who goes to a Factor (someone who loans against receivables) and then stiffs the Factor----it doesn't bode well. But then, to have to resort to using a Factor doesn't bode well either. 😡

Sorry about that. Try these links:

(1) www.investorvillage.com/uploads/86488/files/BudsworthvPBIO.pdf - Massachusetts Case arising from acquisition of Bud's and non-payment of merger consideration - Breach of Contract
 
(2) www.investorvillage.com/uploads/86488/files/lawfirmvPBIO.pdf - Massachusetts case arising from non-payment of patent lawyers - Breach of Contract
 
(3) www.investorvillage.com/uploads/86488/files/SmejkalvPBIO.pdf - Massachusetts case arising from non-payment of wages to employee - Breach of Contract - This case is settled
 
(4)  www.investorvillage.com/uploads/86488/files/MiccichevPBIO.pdf - Massachusetts case arising from non-payment of wages to employee - Breach of Contract - This case is settled
 
(5) www.investorvillage.com/uploads/86488/files/KakzanovvPBIOComplaint.pdf - New York case arising from non-payment of interest and principal to creditor on loan made to PBIO - Breach of Contract 
 
(6) www.investorvillage.com/uploads/86488/files/ParkviewAdvancevPBIOComplaint.pdf - New York case arising from non-payment of amounts due to payroll advance company on the sale of PBIO's accounts receivable - Breach of Contract. 

On 08/01/2025 PARKVIEW ADVANCE LLC filed a Civil - Commercial and Trade lawsuit against PRESSURE BIOSCIENCES INC. This case was filed in New York Supreme Courts, Monroe County Supreme Court located in New York. The Judge overseeing this case is Doyle, Hon. Daniel J.. The case status is Open.

Thanks so much but cannot access any pages or files with those links.

Since we don't have any SEC filings to verify, we can only assume that they still have in the neighborhood of $2M annual revenue, as before, and that goes to Ric Ponzie Schumacher, his wife, and the dozen or so employees wages. This has been going on for years, and they relied on paying the bills by their constantly paying with reduced price restricted shares. That had it's limits, and now no one wants their BS shares.😬

How does this company pay the employees? It seems they have little to no market for their wares.

I don't deal in rumors!!! You can stick your "rumors" where the sun don't shine.

A Lawyer on another message board said that it looks like they're getting ready to file chapter 7 because they settled the employee wage suits, but nothing else. He also said that there probably are many more suits that will be filed soon.

Here are links to the complaints in the six state court lawsuits recently filed against PBIO.

(1) /uploads/86488/files/BudsworthvPBIO.pdf - Massachusetts Case arising from acquisition of Bud's and non-payment of merger consideration - Breach of Contract

(2) /uploads/86488/files/lawfirmvPBIO.pdf - Massachusetts case arising from non-payment of patent lawyers - Breach of Contract

(3) /uploads/86488/files/SmejkalvPBIO.pdf - Massachusetts case arising from non-payment of wages to employee - Breach of Contract - This case is settled

(4) /uploads/86488/files/MiccichevPBIO.pdf - Massachusetts case arising from non-payment of wages to employee - Breach of Contract - This case is settled

(5) /uploads/86488/files/KakzanovvPBIOComplaint.pdf - New York case arising from non-payment of interest and principal to creditor on loan made to PBIO - Breach of Contract

(6) /uploads/86488/files/ParkviewAdvancevPBIOComplaint.pdf - New York case arising from non-payment of amounts due to payroll advance company on the sale of PBIO's accounts receivable - Breach of Contract.

seems like just a rumor, not a fact

Any way to find out about the lawsuits, as a shareholder?

There are now 6-7 lawsuits against PBIO and Ric Schumacher. Next stop is Bankruptcy Court.

No! That's why they are in the Expert Market.🤨 By now everyone, that isn't suffering from bias confirmation, should be able to recognize that this has just been a two decades long scam by the Idiot Zoologist to collect his and his wife's outsized paychecks as long as possible.

They only generate around $2M revenue per year, and only have 20 employees (give or take). the 10Qs and 10K shouldn't be that hard to produce. The reason they aren't coming clean is likely that they not only don't have any good news to divulge, but it is likely even more bad news. If that's the case and they got current, they would get to the "Pinks" and the resulting trading would set the crappy share-price in concrete---laying waste to their BS about naked shorts being the problem.

Remember:
1. He sold the profitable business units off in 2004, and got rid of the sales force.
2. He has never replaced the sales force (it would eat into the money available for his paychecks).
3. Did a 1:30 reverse split (2017) promising to up-list to NASDAQ every year for the next 7 years.
4. Acquired already failed companies (Barofold, Agrochem, and Uncle Bud's) in stock swaps, and failed to Improve revenue.
5. Paraded an extensive line of "partners" run by any number of dishonest characters that never amounted to anything.
6. Nearly an annual series of business pivots.
7. In short, it's all about the "Golden Story" that attracts gullible gamblers.

Can this company be forced to report their financial status, or does the Expert Market have no rules about that?

Does this company have sufficient sales to meet payroll?

PBIO: SEC Charges Five Individuals and Three Entities in Multi-Year Microcap Fraud Scheme

John S. Clayton; First Equity Holdings Corp.; Standard Registrar and Transfer Co., Inc.; Daniel W. Jackson; Donald H. Perry; Clark M. Mower; Timothy J. Rieu; Chesapeake Group, Inc.

U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 26193 / Dec. 11, 2024

Securities and Exchange Commission v. John S. Clayton et al., No. 2:24-cv-00918 (D. Utah, filed Dec. 11, 2024)

https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26193

SEC Complaint:

https://www.sec.gov/files/litigation/complaints/2024/comp26193.pdf

They got demoted to OTC Expert Market, bypassing "Pinks". Trading is very hard on Expert Market. They were demoted because of their inability to get their 2023 annual and Q1 financial reports even close to on-time. Now they are late nearly two month with the Q2 filing. Their excuse ha been "the weather in Houston".

What caused the drop from about 12 cents to 1.4 cents?

EXACTLY!

It can't be this hard to get the Q-1 report finalized. The company must be slow-rolling it because the contents are very unfavorable.

You're right. IF they get current on Q1 (which is now almost 5 months late) and Q2 (which is almost 2 months late) they could get to Pink Status. Then probably get back to OTVQB status. The stock price will follow any good news that is REAL. As Dr Phil is wont to say, “The best predictor of future behavior is relevant past behavior”. Remember, the Company has not only averaged about $2M revenue annually, for the last 20 years, but has not generated 1 penny profit in those 20 years. He (Ric, the Zoologist) embarked on a business strategy, about 20 years ago, of building and selling high-tech capital equipment----without a direct sales force. He acquired Barofold, a high-tech capital equipment maker 7 years ago----still no direct sales force. He started selling the "big guns" (UST) five years ago with, you guessed it, no sales force. He priced his bench-top K45 Baroshear at $200K each plus license fee and ongoing royalties when all the adequate competitors are less than $50K each and no license fees or royalties. He pivoted to tolling a few years ago, then to CBD when tolling that didn't work. He promised up-listing to NASDAQ every year starting in 2017.

He promised to get on NASDAQ by end of year---every year---since 2016, and never did. All their years of Earth-rotation-reversing Press Releases (Agrochem, Barofold, Dr Denise, tolling, Safer Medical of Montana, Cannaworx, Not one thing that these baffoons have PR'd, or done, for years has ever come to fruition.

Oh, yeah, as far as him issuing PRs goes----he issues a PR every time he passes gas, sneezes, or burps. If Uncle Bud's would have shown anything real in the 8 months since they acquired them---they would have PR'd the crap out of it by now. But----silence.

Its possible they will file all the overdue information the next few weeks, could be back to OTCQB by October?

Didn't get filed this week either. (EOM)

Dr. Phil is right.

As Dr. Phil frequently says, "The best predictor of future behavior is relevant past behavior.”

So, it's not likely.😭

Is the Q1 getting filed this week?

Is there another location for PBIO interest? I looked at ST but they all seem to have revered the CEO as a demi-god, then swung to lynch him/her with this situation.

Are they having trouble still with their reports? Houston must be recovered by now, I would think.

Yes. They are only on OTC Expert Markets because of their failure to file their 10Q with SEC. For all intents and purposes it is nearly impossible to trade the shares while in Expert Markets. Shortly after they get current on their filings they will move up to "Pinks", and then some time later, if they stay current, they will get back to OTCQB.

Now, their real reason for not filing is not known. They claim their auditors, who are in Houston lost power. But 10Qs do not need to be audited, and the auditors have been fined $400K for crappy QC. They have been promising that their Uncle Bud's acquisition was going to take them to the moon. If so, why didn't they put out the 10Q in time?

Oh, yeah, they only generate around $2M annual revenue, so they pay their bills with discounted restricted common shares (that's where the constant share dilution comes from) so the cash can be used to pay their salaries. Schumacher is CEO and gets $400K/yr, and his wife is the COO, but I can't find what her take is. With a company of only around 20 employees those two are both grossly overpaid. Will they succeed? Who knows? they don't produce anything themselves, They haven't ever made a profit in at least 27 years. And they do not have a sales force. All they seem to have is a golden story that resonates with gamblers.

Is this company still in business?

did anyone attend the PBIO investor call on June 20th? take aways?

The company can discount as much as they want. The problem is that the bigger the discount--the more shares it takes to satisfy the debt. That means even more dilution and even more share price erosion. The poor dumb creditors are between a rock and a hard place. Keep accepting share in lieu of cash---and lose money, or force the Company into bankruptcy--- and lose money. PBIO can't get the cash because there are too many cheaper alternatives.

When creditors do not accept these discounted offerings, could the company sweeten the deal by pricing them at a 50-60% discount?

Those restricted share offerings are to creditors that they owe money to, and preferred shareholders that are getting them in lieu of cash for the dividends and interest owed. They get a 25-30% discount on the shares, but the devaluation after the 6 month restriction is over is way more than the discount. The dilution you see every day/week is for restricted shares given at least 6 months prior. I expect the creditors will tire of being ripped off and eventually force the Company into bankruptcy.

It seems this company keeps putting out restricted share offerings just to keep the business afloat? Does anyone have any idea what would happen if no one bought into the restricted share offerings at any price? Would they go BK?

Right on.
I voted NO on every question.

You believe that the Company tells the truth? Righteous Ric, the friggin' Zoologist CEO, told everybody to wait till the 17th to vote because of upcoming good news. The meeting "in lieu of" the annual shareholders meeting was on the 18th. The meeting was for elections on 4 issues---retaining Schumacher as CEO, and the compensation plans. The SEC says that annual reports should be out prior to the Proxy Statements and elections. HMMMM! There has been a never ending series of BS Press Releases that NEVER prove true---remember Agrochem, how about Tolling, THC Licenses with ongoing royalties. They lie about their competition's capabilities. They lie about customer interest. They constantly lied about upcoming revenue. They've lied for years about up-listing to NASDAQ by years end. They are constantly doing business pivots (unsuccessfully). By the way, you do know that Schumacher's wife is the Controller, don't you?

“It's easier to fool people than to convince them that they have been fooled.” ….Mark Twain

Where is the 10 K ?

The company stated filed within 15 calendar days of the 1st.

I consider this lying to shareholders .

Thank you.

It's 8K---not 8Q, and the url is PBIO' own site, https://ir.pressurebiosciences.com/sec-filings

Could you post a URL for where you found the recent 8Q? The site I tried did not have it listed.

It's in the 8K filed on the 22nd:

Nominee For Against Withhold Broker Non-Votes
Richard T. Schumacher 7,109,810 1,638,664 533,157 6,242,303

Proposal 2 - Ratify the appointment of MaloneBailey LLP as the Company’s independent auditor for fiscal year 2023. The ratification of the appointment of MaloneBailey LLP as the Company’s independent auditor for fiscal year 2023 was approved as follows:

Shares voted
For 13,900,704
Against 787,086
Abstain 836,144
Broker Non-Votes 0

Proposal 3 – Approve the Pressure BioSciences, Inc. 2024 Equity Incentive Plan. The Pressure BioSciences, Inc. 2024 Equity Incentive Plan was approved as follows:

Shares voted
For 6,474,213
Against 2,696,003
Abstain 111,415
Broker Non-Votes 6,242,303

Proposal 4 – Approval, on an advisory basis, of a non-binding resolution to approve the compensation of our named executive officers. The non-binding resolution was approved as follows:

Shares voted
For 5,961,481
Against 2,337,936
Abstain 982,214
Broker Non-Votes 6,242,303

Where can we see the proxy results?

Still no 10K. Proxy results indicate unhappy shareholders however not close to enough.

Let's all remember that this is an OTC stock, and 90% of OTC companies fail. No one "invests" in OTC companies---they gamble on OTC companies. You know, like paying Power Ball or heading for the roulette wheel when you walk into a casino. If you are into an OTC stock you are 90% likely to fail. If you don't do exhaustive research, or understand the technology you are 99% likely to fail.

“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.” ….SunTzu
🤪

Dont you think any good news would already be out ? This is a rank speculation stock not an investment . Just what price and volume do you think you or anyone else could get out at ?
The equity is worthless, imo.

If no 10K or meeting minutes or at least something from the company by EOD Monday I will sell some of my holdings. This is my most troubling investment.

No results from the meeting either. So they now have regulatory issues to contend with.

Let' see the 10K if there is one.

When you are a dishonest CEO you never divulge bad news before crucial votes---duh. There is no penalty. NASDAQ or NYSE would kick them off the boards and send them to OTC. But the only thing that can happen is, at some point, PBIO being assigned to the "Pinks"----no big deal.