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If this PHARMA partner was so great why does SBFM need to come up with the money?
NO I sold not even for a penny loss. Sold 75% holding the last 25% for the big win!!
Then again what are they going to pay for the shares .02 .05? They're not doing this for a double.
They have to maintain $3 to get listed not $1.
I get it this was a horrible investment.
If the news was so great why is everyone selling? SIMPLE it's not great news. It's MAJOR dilution with a side of self dealing.
Seriously they never received any test from China did they? I never seen any delivered? Why didn't Wellgistics sue them? Why did that one company pay them to get out of the deal? The management here are nothing but scammers.
It's very obvious the majority of shareholders think this is bad deal. That's why heavy selling. Smart money sold yesterday day 1. Semi-smart selling today. Dumb money will sell on Monday. Tuesday will get a turn around. But it won't be much will be lucky if we see .10 next week.
So glad I sold 75% of my holding of this one. Wished I sold the whole thing. Where is Brokemillwright? He was right to stay away.
Who cares with $23 million in dilution will be at .02 in no time.
I can smell a BK in coming from Parley's Way....maybe they can pull out some more COVID BS like they found the cure. Like all their Covid tests they never had.
I wasn't sure if there was revenue they would need on top of share price. yeah I am curious how they plan on filling that requirement. Surely not with 93k in a year in vitamin sales.
.10 looks like the support level.
As mentioned here earlier if they had the real goods. They wouldn't need a reverse split. Unless it only gets to $1 then they can do a 6/1. Then after the reverse it will fall back to 4?
Just doesn't make sense why they would need to do a RS.... It was good to hear they did a few already. Leopards don't change their spots. So this is just par for the course. When dilution occurs just RS. Oh but make sure managements shares are exempt from the RS. Just screw the shareholders that supported us. Hopefully that's not the case.
Well if it it can get to $2 bucks they only need a 2 for 1 RS. I do believe it needs to stay above $3 for at least 90 consecutive days. Also depends on which tier they are going for?
see more here
https://listingcenter.nasdaq.com/assets/initialguide.pdf
Shareholders Equity of at least $2,000,000.
At least 100,000 shares of public float.
A minimum of 300+ shareholders.
Total assets of $4,000,000.
At least two market makers.
$4 minimum bid price of the company stock or $3 closing price.
Public float market value of $1,000,000.
Anything that generates obscene profits. Not the hot air obscenely spewed on these otc tickers.
I wish they would do something after 12 years...ANYTHING ??
I believe once they get the up listing they will want to get on everyone's radar. Right now they're not on anyone's radar hardly at all. I's like to know what they're plans are to get on everyone's radar. Not stockday podcasts that's for sure. We need some real PR's.
MM's are real scum bags. Had order in would not fill it for .225 soon as I raised it to .226 they filled and then dropped it to .2197 real ahola's.
ZEUcf is another they own 30% of that stock. CEO of SXoof is also the CEO of ZEU.
5,000,000 shares of ICONIC and 5% royalties indefinitely if I recall.
Not much sold 75% after 9 months for a small loss. I need about .15 to get to even. Small position left doesn't matter if it ever does anything.
They are not unusual or unique they are the typical OTC penny stock. They offer the same thing as 99% of the OTC companies here a huge promise. Most never amount to anything, some do. Some pop and drop. Some pop and stay up.
Hoping this one is different. I have my doubts after 12 years? Maybe just maybe they might complete the mouse study this year and it pops the stock.
Shouldn't take too long for .02 then BK!
The latest news is everything is still on going. Nothing new no major break throughs. Sit back and wait maybe next year or 5 years from now maybe never?
Uplist was filed on 8-16-21 could be any day now?
Well no green today.
What's up with all the volume and price is finally heading north?
Yes there aren't any reasons to panic. All is well until it isn't.
What do we have really ? This is a long shot with hope and a prayer. That's about all we have. We don't even know what the mouse study outcome was?
Did they live or die from old age?
I can see them ringing the bell on the 5th Friday of February 2022!
In other words nothing new just be patient and wait a few more months or years? By then we might get something or not? That should really boost confidence!
Last I seen PRED had 150k on the books. Not worth nothing. It's a bleeding pig just waiting for the last breath to be taken from it's useless lifeless shell of a company.
It's a drop in the bucket. But he's not going to lose unless it goes to zero. You see his millions of shares are options granted under a penny.
Would you buy shares in a company you know is worth nothing?
Brett can afford to lose pocket change on this when it don't pan out. He's worth $600 million. He dumped what is it $3.5 million in this. Peanuts for him. Not only that he received millions of shares for under 1 penny.
So I doubt he'll lose anything.
This is the SBFM board lets keep it ON TOPIC!
That's after the 10/1 reverse split. But I heard everyday since Jan that this would be $5.
Check out this chart/ https://twitter.com/search?q=%24sxoof&src=typed_query
I only seen 1 form for filed for this POS that was Brad's 10k shares. Did they sell all their .20 options they got for free at .50?
I am waiting on the mouse study news! They must of died of old age by now.
They'll need to after this gets going! Why so bullish? This was written on Reddit.. 2 parts
Amidst an otherwise terrible 2020, you made some smart moves in the market and you’ve succeeded. Your best move was getting on the EV (electric vehicle) train in the summer. You bought some Tesla shares, or maybe another beneficiary like Blink Charging, and you’ve reaped the benefits of those wise decisions. And you should be proud, as the time of electric vehicles has come. General Motors just announced plans to go totally electric by 2035. The clean energy vehicle wave is upon us and you’ve ridden it expertly!
And that’s why you’re here. You’re looking for the next link in the chain. And you couldn’t be in a better place. But before we move to the fascinating story of St. George’s Eco-Mining, let’s quickly go over the macro landscape for clean energy and electric vehicles at present. I promise I’ll be brief.
As mentioned, the wave is upon us. U.S. President Biden’s Clean Energy Plan expects to see investments of over $400 billion over ten years, with a major focus on clean energy vehicles; the plan calls for 500,000 new charging outlets by the end of the decade. Tesla plans to produce 20 million EV annually by 2030. The wave is here, but as with any great wave, there is an undercurrent to deal with. By 2025, 250,000 tonnes of discarded battery packs could be sitting in our landfills. Current batteries are not yet optimized for disassembly, and the more that are disposed of, the greater the pollution and even danger of thermal runaway….which is just a fancy way of saying disposed lithium-ion batteries can overheat and cause fire or even explode in landfills. Elon Musk himself has stressed the importance of ramping up lithium production, with Tesla embarking on a battery recycle and swap program. The need for efficient and cost-effective lithium battery recycling has never been greater.
Ok, as promised, I kept the macro side brief. Chances are you knew much of it anyway. Now let’s get to the good part: a story with weaves and turns, plot twists and innuendo, leading to some very powerful conclusions for the discerning reader. It’s the story of St. George’s Eco-Mining (SX).
The basics of SX are, well, pretty basic. It has extensive gold properties in Iceland and a nickel-cobalt-copper property in Quebec, Canada. Both are solid projects with excellent prospects. But the real fun, the real MYSTERY, begins with lithium.
Now I’m not certain what you know of lithium, but it is a highly reactive element that you don’t just dig out of the ground and stick into a battery. If only it were that simple. Lithium is present, in small quantities in material such as brine, mineral ore, and clay. Extracting it is a chemical process, and not necessarily a clean one. Chemicals can pollute water supply, and the amount of water used in processing one ton of lithium is a staggering 500000 gallons!. To date, lithium is really only successfully extracted in brine and ore, not clay. The average recovery rate of lithium in these processes is only about 30%. Not particularly efficient.
Back to St. George’s. The company is working on a revolutionary technology to extract lithium from clay, with patents pending. They have an existing agreement with Iconic Minerals (ICM on the TSX.V), which gives Iconic the right to use this new technology on its lithium properties in Nevada (remember this location, please). What are they giving St. George’s for this? Five million shares of their company, investment in St. George’s (through a private placement) and perpetual royalties. Iconic quite clearly sees the potential in the technology, and how could they not? St. George’s has reported remarkable early stage results with lithium extraction up to 98% and completed in record time. Yes, 98%.
Now go back and read the percentage of regular extraction processes. I’ll wait.
Meanwhile, elsewhere in Nevada, Tesla is looking to start its own mining and processing chain. It recently pulled out of an agreement with a company called cypress Development Corp., a company also working on lithium processing (they are at 85% extraction and use a less clean process than SX). The folks at Tesla may indeed be looking to develop their own tech, but they also appear to be searching for technology to acquire….
Now let’s move this along quicker. One piece to the puzzle you haven’t read yet may be the biggest piece of all, a St. George’s partnership with Altair International to produce CLEAN ENERGY RECYCLING PROCESSES for lithium ion batteries. It’s a revolutionary project, as it reuses every last piece of these old EV batteries. Absolutely nothing is wasted. Zero. It’s revolutionary and the potential is boundless. How much did Altair pay St. George’s to get in on this partnership? Altair, with its $100 million-plus market cap, paid six million shares and $300,000 cash, and both companies are already hard at work at their pilot plant in Quebec.