Bio Matrix Scientific Group Inc (PINK:BMSN) Insight Into Latest 10Q

Las Vegas, NV -- (SBWIRE) -- 03/22/2013 -- Bio Matrix Scientific Group Inc (PINK:BMSN) has recently filed its 10Q report which sure has resulted in better confidence level amongst investors for the company.

As per its lastest 10Q Bio Matrix Scientific Group Inc has reported the cash in hand of $815 for the quarter ending December 31st, 2012 as compared to cash in hand of $75,752 in previous quarter. Though this information is supposed to offset investors but as the company disclosed that the cash in hand has been incurred in operation of the company’s business, probably now the market is expecting some development.

The company’s net loss also increased to $596,666 for the quarter as compared to net loss of $213,673 in prior three month period. Still in explanation the company discloses that the high loss is due to high expenses of research and development.

Today the stock price is up 9.38 percent to $0.0070. Traded volume stands at 56.15 million shares till midday as compared to average volume of 64.37 million shares per day.

To find out what OTCMAGIC projects for Bio Matrix Scientific Group Inc for both short term and long term please click here: BMSN

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