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NeoStem (NYSE MKT: NBS) Swatting “The Fly On The Wall. Com”

No new securities are being offered ..contrary to the "Fly" non-article

NeoStem is … NOT … engaged in a new financing as reported by "The Fly on the … Get the facts straight - they just finished one for $10.7 M in proceeds.

This registration statement was merely a renewal of an outstanding registration statement that covered the potential issuance of shares underlying warrants that were issued 3 years ago and remain outstanding.

NBS has an existing "shelf" registration statement on Form S-3, File No. 333-166169, that was declared effective on May 11, 2010 and which expires on May 11, 2013 pursuant to Rule 415(a)(5) under the Securities Act.

NBS filed … this new Registration Statement for the sole purpose of ensuring that an effective Registration Statement covers the exercise of such previously issued November 2010 $1.85 Warrants and Series E Warrants.

The Bottom Line: What the "hell" is this …!!! If NBS … were … to sell … any securities being registered, NBS would identify this event! The underlying shares were previously registered but the registration statement expired under relatively recent SEC rules needed to be refreshed. So bless me father in public confessional for using bad words to tell the truth!

NBS closed at $0.53 DOWN a penny from Wednesday.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.