March 13, 2021 10:53am

Question#1: Has Jason Chen, the chairman of the Board condoned many of the past year and months share pricing “promotion” or Pumping activities i.e., transactions and been made aware of many operational and financing “challenges”?

Question#2: Should Mrs. bin Zhao of DST Capital, BSTG’s major funder be interviewed by regulatory bodies to validate the past particulars of stock placements? (Those securities are usually issued through private placements, Regulation D offerings)

Biostage (BSTG) closed down again-$0.11 to $1.26 with 4,069 shares traded – “pumped” after Thursday’s -$0.13 to $1.37 with 1,153 shares traded, Wednesday’s -$0.10 to $1.50 with 1,500 shares traded, Tuesday’s -$0.00 with 1,300 shares traded, Monday’s -$0.03 to $1.60 with 6,200 shares traded (pumped re promoted”) after being flat the previous Friday with 217 shares traded.


Question#3: Isn’t selling unregistered shares is typically considered a felony (from government regs), but there are exceptions to this rule? SEC Rule 144 lays out the conditions under which unregistered shares may be sold: a few are …

Mustn't they be held for a prescribed period? ...

Mustn't there be adequate public information about the security’s historical performance;

Shouldn't the sale must be of less than one percent (1%) of shares outstanding and less than one percent (1%) of the previous four weeks’ average trading volume?

Allso, mustn't normal trading conditions that apply to any trade must be met?

I always thought, sales of more than 500 shares or more than $10,000 worth of shares must be pre-registered with the SEC. An exception to this condition occurs if the seller is not associated with the company that issued the unregistered shares (and has not been associated with it for at least three months) and has owned the shares for more than one year?


Question#4: is there an issue re un or even solicited investment offers to U.S and foreign national individuals - checks were sent to and cashed to/by Mrs. bin Zhao’s – copies of multiple TD bank and B of A checks and deposit slips EXIST.


-Question#5:Do these actions mandate or bring up a question of legal, regulatory and legitimacy of gifting for re-selling these restricted and unregistered shares by Mrs. Bin Zhao? Do they pass the regulatory net worth test, definition of risk parameters that underscore the “going concern” issue of Biostage as a public company?


Question#6: Don’t these questions of issues put MORE governmental, fiduciary and transparency responsibility on the new board and audit committee member, Herman Sanchez and RSM US LLP as to the potentials or the possibilities of SEC investigation(s)?


MINORITY PUBLIC shareholders are waiting, watching and weighting responses to MAINTAIN their RIGHTS.