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If their real estate project that they are planning to announce soon is indeed a true game changer, and they get additional financing, then I believe this price is very low for where it will go. IMO
remember, there was a lot of buying at the close who picked up shares very cheap. Maybe they sold when they were close to doubling their money. Once shorts stop/get burned, that's when I think you'll see the reward for waiting. IMO
Manipulating the stock at it's finest.
So what is the scam? Enlighten us. Why would a well respected advisor get involved with a scam?
I'm surprised to see the stock finish red today. The fact that there is a very reputable advisor and something new being launched in the real estate sector makes it very exciting. IMO
This wants to take off, but then someone or something keeps it from happening. imo
What does this company do?
Can someone tell me what IBGR's does as a business? I'm guessing somehow affiliated with energy, but what's there revenue stream generated by?
So what exactly does this company do? What's it's business plan?
This stock performs pretty well. I've seen it dip the last few days, but it bounces back up very quickly. I really like what I'm seeing in regards to performance.
Was there any news announced this morning?
Good tip. :)
Hope you are right. I've heard it before, and then tomorrow comes and goes with no news. This time, I hope it's different for you. IMO
What makes you say that?
The last run went up around .005, and then dropped quickly afterward. IMO
Too Funny. So basically, they got permission to sell a vitamin. This is getting crazier and crazier. This is not news in my opinion, this is a far reach from a cancer drug. IMO
All kidding aside, why are you so certain?
It could happen if they change the reverse stock split to 10000-1. :)
Link?
Yeah, I've heard that before.
Yes, they are issuing a lot more shares to get financing. IMO
The real question that needs to be asked is...how many new shares are going to be issued to keep this company from going bankrupt? They themselves stated that they need to raise money in order to continue operations. They tried to issue new shares at .02, but couldn't. The R/S makes it possible, so I would expect to see more shares issued. So hypothetically, at $0.02 per share they would need to issue a minimum of 500,000,000 shares to raise $10,000,000. I'm guessing that new shares issued will be at a discount. In order for it to even be at $0.02 per share, it needs to be at .001 just prior to the reverse split occurring. I am out of the stock for this reason, but I hope the existing holders get rewarded. I unfortunately have been in this situation a few times too many and it cost me a boat load. Who knows, this one may be different. IMO
I hope you are correct. When are you anticipating this big news? :)
That I don't know.
Correct, and in order for them to take the loss on the tax returns, you can't rebuy within 30 days, otherwise it's a wash sale. :( But if you make money on a stock and rebuy within 30 days, you don't get to defer the gain. Damn IRS Scam. :)
I wish it would, but I don't think so. They have stated multiple times in filings that they need capital to continue operating. The only way to do that is to reverse split so they aren't issuing as many new shares and can issue more of them. IMO.
It speaks to me that they are going to issue new shares at a discount to finance this company. When they do this, they get sold...just what I've experienced with other companies in this situation. IMO.
Doesn't anyone else find it troubling that essentially the officers in the company control all voting decisions for this company? They structured it in a way so that only their votes matter as it represents a majority of the voting shares. IMO.
I like your style as I feel the same way. No risk no reward. That being said, they need to announce those developments now, otherwise the damage will be done right after the stock split. IMO.
The last time I was involved in a reverse split of this magnitude (PHEI), the stock opened up and immediately dropped like a rock. I'm just glad I didn't lose much on this go around. I'm betting they are doing this in order to get their financing similar to the S1 previously filed , and I see them issuing a lot more shares as the finance and selling will occur. Not sure this will be good at all for investors unless you can buy at a discount. IMO.
I think the real question being asked is...is that an actual response from SBFM management? I've emailed them many times and I have never received a response from them...ever.
Are there 2 Cash Monsters on this board? The views/outlook seem to change frequently.
Honestly, I think this company has a better chance at their generics. If they can get that rolling, along with their new acquisition to do testing, I believe they could be in position to be bought out or to make money. IMO
Why hasn't there been an announcement of his firing? I would think something of this significance would require a filing with the SEC. IMO.
I would like to see them all fired. :) Actually, I'd like to understand the reasoning for the firing...if it happened. IMO
Unfortunately, it means nothing until they announce publicly. imo
Where did you get this information from? CEO himself?
Why is this huge news for SBFM?
So what does this news have to do with SBFM?
I'm thinking they converted to ensure they have the potential of getting something. Sell those shares at .0008 and you have break even on the conversion. IMO