Forticell BioScience, Inc. OTCI (last ticker on record)
CIK 889992Its SEC filings (opens in a new tab)
- 95% wipeout
- Restructuring
- Restatement
- Delisting notice (not a red flag)
- Bankruptcy
These figures describe clients, not conduct. A lawyer or firm can serve many companies that later had trouble for reasons that have nothing to do with their work, and nothing here says any lawyer or firm did anything wrong.
- Red flags
- 4
- Newest began Nov 2008
- Largest fall in its shares
- 100%
- May 1998 to Nov 2011
- Law firms
- 1
- Linked to 5 or more companies
- Lawyers
- 2
- Linked to 5 or more companies
What happened
- Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
- Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
- Shares down 95% from their high
An SEC release can name a company’s officer, or its stock as what a scheme sold or moved, so the company may be the victim. Each link goes to what to read.
Law firms
The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Feder Kaszovitz LLP | Jun 1997 | Named in SEC correspondence | 15 | 0.65 | 1.21 | 1.78 |
Lawyers
The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.
- Gabriel KaszovitzFeder Kaszovitz LLPFirst linked Jun 1997 · Named in SEC correspondence · 5 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 1.56× · 95% wipeout 2.66×
- Saul KaszovitzFeder Kaszovitz LLPFirst linked Jun 1997 · Named in a filing · 6 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 1.45× · 95% wipeout 1.73×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Gabriel KaszovitzFeder Kaszovitz LLP | Jun 1997 | Named in SEC correspondence | 5 | 0.00 | 1.56 | 2.66 |
| Saul KaszovitzFeder Kaszovitz LLP | Jun 1997 | Named in a filing | 6 | 0.00 | 1.45 | 1.73 |