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It's been said so many times from multiple sources that I don't listen. :)
Totally agree with your assessment. IMO
In my opinion, if it were legal, it doesn't mean it's ethical. :)
The good news is that the ask is thin this morning. imo
The issue is cash! They state in their filings that they don't have the money to do the work with their flagship cancer drug. How will this company stay alive without some sort of cash infusion? IMO.
I will say this...if they do go into the Marijuana business, it will generate cash flow. IMO
You actually talked to him? You are the only one I know that has then. He never returns emails, and I think those are much easier to respond to than phone calls. IMO
This valuation was done over a year ago, so I think the world is calling BS on the valuation...otherwise we would be trading much higher. IMO
As I said before...you know this how? I'll believe it when I see it, and based on this boards track record, I find it very hard to believe.
I'm just saying that I've heard that song and dance so many times without anything.
And you know this how? You have flip flopped on this stock so many times, it's hard to believe anything anymore.
Yeah, what is SBFM's plan for getting the necessary funding to remain viable and not wipe out the existing shareholders or do a reverse split?
I can honestly say that I am very happy about killing the current financing deal as I believe it would have driven the share price down. That being said, they either need to be bought out or financing at better terms. IMO...GLTA
So is it good news or bad news. :)
Yeah right. He doesn't respond to people...in my experience anyway. IMO
Unfortunately, when GHS sells their massive shares, it will drop more. Then they will be issued more at 81% of the lowest price for the designated period and further dilution to existing shareholders. That's just my opinion though from other penny stocks that have gone this route for funding. Just look what happened to SVFC.
That is possible, but I would venture to guess GHS would have options as well.
MKAT,
I am not an expert, but it appears to me that if they do issue the shares to GHS it will only raise (at most) 400K, but I am suspect that it will be less. I haven't seen where it says the other 9.6 million in financial is coming from, but the S1 states through issuing debt or additional shares. Therefore, I see it as GHS will get discounted shares again if SBFM needs more cash. so as it sits now, they would get issued more shares at a price of .000648. This represents 81% of the lowest trading price, which at the moment is .0008. This would essentially cause dilution big time, and they state that in their S1. Again, I am not an expert so that is how I read it, and this is exactly what happened to SVFC, they ended up going all the way to .0001 because of it. I'm not saying that is the case here, but I sold strictly to ensure I get something vs. nothing. Again, just my interpretation, and I hope for shareholders I am wrong. IMO
I don't know if a reverse split is coming, but looking at the finer details of the S1, it resembles a debt spiral. I unfortunately have had experience in that arena, and am not going to experience it again. Anytime a financer can buy at 81% of the value, they will sell, and keep getting new shares for money. That's what happened to SVFC. They no longer trade. I see a very similar trait with this deal. Too bad it took me too long to realize. I'm out. IMO
Yeah, call the number, and see if you get a response.
more selling than buying. :) I wouldn't be surprised if it's the new shares being sold. IMO
Thanks griff, I appreciate the kind words. I will say this...without something positive, this financing agreement is nothing more than dilution with shares being purchased at a discount and sold. This may get interesting. IMO
Hahahaha, I was joking, didn't mean to insult anyone. I am very open to opinions, and even agree with some of yours. Sorry for offending you.
That being said, I don't know griff, so if I used the same shower, it would be a surprise to me. :)
Nope.
Hahahaha, you and Learjet have the same tone for this company. You must either sit next to each other or live in the same house. :) imo
What's the date on that statement? Was that before or after the recent acquisitions?
OK, never heard that before. :)
Doesn't look like it will happen today though. Have to wait. imo
IMO...it's someone who wants the stock to drop.
I thought you were going to buy 100 million. Assuming you bought all of today's shares, you only have roughly 90 million more to go. :) IMO.
This stock is manipulated very easily. IMO
you are telling us that you are going to pickup 100 million shares? Interesting.
The last time it was at this price, it shot up to .005 within a couple of days.
Link? Based on what?
I hope people are realizing this is a good price to buy in or add. Selling at this price doesn't make sense in my opinion.
Now we need the stock to take off and start climbing. Need some good news! IMO.
I hope I don't as well. :)
Didn't you say that the other day as well? IMO
The way I read the announcement, the financing shares haven't even been issued yet. No S1 has been filed yet...has it?
Stop with the BS.