Navigation Links
ReBuilder (RBRM) Files Complaints Against Stock Traders

CHARLES TOWN, W. Va., Feb. 23, 2012 /PRNewswire/ -- The management of ReBuilder Medical Technologies, Inc.  (Pink Sheets: RBRM) announces it has filed complaints with the U.S. Securities Exchange Commission and the The Financial Industry Regulatory Authority (FINRA) alleging certain traders of the Company shares may have engaged in the unlawful and unethical sale and trading of the Company's shares.   The firmed has hired a forensic expert to audit all stock certificates and stock trading that has occurred over the last eight (8) months.  Further information can be obtained by contacting the Company at 304-725-2202.

The company has recently experienced unexplained dips in its share price, and has uncovered instances of independent third party traders who have promised shares or sold shares, never delivered them, and refused to return their customer's money.

The company has discovered several other companies that have fallen prey to these unscrupulous independent traders.  Evidently, the traders convince their pool of customers to sell shares from prior sales and move the money to their new mark, buying on the open market, thus increasing the price, promising to give them additional shares as a reward.  The original company's shares drop when the traders sell into the market, and the scheme is repeated over and over again. 

Similar to a Ponzie scheme, these traders sometimes extort shares from companies for "awareness programs" and pay off a few of the investors who complain.  Other investors, embarrassed by being taken in when the stock price inevitably drops, just give up.

The end result for a company is a sudden increase in volume and price, followed by a drop to an even lower level than it was, and the company itself has no idea of what is happening in the background and has to deal with its original core investor's ire, and can appear incompetent.  This takes time from day to day management and makes it harder to attract new, legitimate, long term investors.

RBRM is in the DME (durable medical equipment) business of submitting claims on behalf of customers who purchase the ReBuilder device for the pain of neuropathy, peripheral neuropathy, diabetic neuropathy, and chemo induced neuropathy.  The company buys its ReBuilders directly from the manufacturer, ReBuilder Medical Inc. (

ReBuilder Medical Inc. is developing several other medical devices that RBRM is negotiating to sell to its neuropathy customers when approved by the FDA.  One of the more interesting devices is one that makes it easy and painless for the nurse to draw blood. For a 2 minute video demonstration, see

SOURCE ReBuilder Medical Technologies, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. ReBuilder Medical Technologies, Inc. Hiring! Increases Staff by 40%
2. ReBuilder Medical Technologies, Inc. Reports LOI With National DME Distributor
3. Acella Pharmaceuticals, LLC, Files Abbreviated New Drug Application (ANDA) With the U.S. Food & Drug Administration
4. Natural Alternatives International, Inc. Files Patent Infringement Claim Against DNP International Co., Inc.
5. Department of Justice files consent decree of permanent injunction against Ranbaxy
6. Oramed Pharmaceuticals Files US Patent Application for Combination Oral Treatment of Diabetes
7. Intellect Neurosciences Files Appeal in Europe in Response to Opposition Proceedings Instituted by Elan Pharmaceuticals and Wyeth/Pfizer
8. Amherst-Based Pharmaceutical Company Files Federal Lawsuit Accusing Competitor of False Claims Regarding the Efficacy of Infasurf®, its Life-Saving Respiratory Drug for Premature Infants
9. Alcohol Monitoring Systems Files Appeal With Federal Circuit Court in Patent Suit
10. Pinnacle Biologics Files for Orphan Drug Designation for PHOTOFRIN® in the Treatment of Patients with Malignant Mesothelioma.
11. Par Pharmaceutical Files Declaratory Judgment to Protect First Amendment Rights to Disseminate Truthful Information Regarding Megace® ES
Post Your Comments:
(Date:11/30/2015)... 2015  Kevin Smith has been appointed Chief ... pioneer in wireless monitoring of vital signs.  As ... , Mr. Smith will be responsible for the ... He will also directly oversee partnering with US ... for SensiumVitals, the first early warning detection device ...
(Date:11/30/2015)... LAKE, N.J. and SAN DIEGO ... and Arena Pharmaceuticals, Inc. (NASDAQ: ARNA ) today ... has accepted for filing the New Drug Application (NDA) ... the extended release formulation will offer patients a chronic ... ® ) is currently approved as an ...
(Date:11/30/2015)... iCAD, Inc. (Nasdaq: ICAD ) ... solutions for advanced image analysis and workflow tools ... Radiological Society of North American (RSNA) 2015 Annual ... November 29 to December 4, 2015. The company ... automated breast density assessment solution, PowerLook® Advanced Mammography ...
Breaking Medicine Technology:
(Date:11/30/2015)... , ... November 30, 2015 , ... ... Beard and Brooke Bennett are collaborating with brands across various categories through traditional ... influential figures make up an elite group of Gold Medal Moms who can ...
(Date:11/30/2015)... ... December 01, 2015 , ... The National ... 2015-2016 inductee into its VIP Woman of the Year Circle. She is recognized ... networking organization exclusively for professional women, boasting 850,000 members and over 200 operating ...
(Date:11/30/2015)... ... 30, 2015 , ... During the National Family Caregivers Month, ... two webinars on topics of ‘Medical and Palliative Care Decisions,’ and ‘Self-Care for ... . , With a loved one's diagnosis of mesothelioma, the closest family member ...
(Date:11/30/2015)... ... November 30, 2015 , ... MOSI recently added two state-of-the-art augmented reality ... to the Jurassic to their collection of interactive exhibits within the Kids In Charge! ... will allow guests to get closer than ever to a range of animals as ...
(Date:11/30/2015)... ... November 30, 2015 , ... ... across the United States to access life-saving information provided directly from top ... will consist of three individual conferences in three major cities: Houston, San Francisco, ...
Breaking Medicine News(10 mins):