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What else do vitamin resellers do?
Not according to that filing. There are like 10 million exempt for sure. Maybe the 75 million they gifted themselves are not exempt? But for sure all shares are not getting split.
Yes he told himself to sell. he should of listened to that self at .30 twice. I wouldn't tell him to sell now I'd wait for the GREATEST, BIGGEST BEST, HUGEST NEWS to ever hit SBFM shareholders. Then bam TO DA MOON DOLLA LAND!
Right $23 million worth of stock at .11-.13 cents. Worth of dilution then reverse split except for managements shares. Wallah investors get dumped in the sewer, management comes out smelling like roses.
The reverse split.
No doubt so when the reverse comes it won’t look so bad! 100k shares turns into 10-20k?
Typical pie in the sky dreaming OTC ticker. We’ve seen plenty do nothing for years and years. They are planning another reverse split though. I think they already did a few? Maybe more?
Yeah and Brett Rosen says 3-9 months should be on Nasdaq? Reminds me of “Barry’s”
Predictions for PRED.
Yeah that and all the shareholders get reversed, but managements shares do not. All those warrants and shares they hold woo hoo! And they stay intact.
OK how many actually get approved with no sales or revenue?
You just can't jump on the nasdaq without any revenue. Seriously?
Are we at $158 yet? How about .13 cents?
No it's been much ,lonnger, It's been happening everyday now for the last 7+ months.
Didn't go up... thankfully yeah it has been at 510 for quite a while!
Great post excellent ideas. I added more at .10 seeing there was 23 million reasons to do so.
That would be awesome! But I doubt it’s going to happen this month, unless they release big news. Which had been called for since February.
Going to get interesting here.
They hid everything and even the scientists we're not allowed to know what the other one was working on. All top secret of course that's how the scam worked.
.091 how low will she go?
NONE they haven't even announced the mouse trials were successful not yet. But the $23 million coming in might be a clue?
Sounds like a plan I might buy some now at big discount.
HUH? Each tier in the Nasdaq has different requirements. $750k for 1 tier could be much higher for other tiers.
Someone mentioned yesterday $750k in revenues too? Also Nasdaq has several tiers too.
Elizabeth Holmes did it with much smarter people in the BILLIONS (Theranos) also did Bernie! Made off with the money!
What’s the total share offering ? And the good Dr issued some more warrants for himself and the gang? No time to read the S-1 yet.
It doesn’t paint a very rosy picture does it?
No doubt, they had the good they wouldn't need a reverse split. PERIOD!
Yeah I said the same thing they wouldn't need a reverse split. And the mouse study has more than likely failed for covid. And they are delaying it to announce a cancer study or something else to offset the negative effects. I've seen too much underhanded BS in the otc land of stinky pinky's.
I am not pumped at all. Seen to many penny scams.... will this one actually do something? What's the reverse split going to be 20/1 ? That would get it to $2.00 where it will be heavily shorted.
I'd believe the filing too over anyone on this board.
Why even announce such non-sense now? Wait until it's $2 then????
They made sure their stock won't be in the reveres split.
Prior to completion of this offering, we will complete a reverse split of our common stock, in a ratio to be determined by our board of directors. The purpose of the reverse stock split is to meet Nasdaq’s minimum stock price requirement. All share numbers in this registration statement will be adjusted to give effect to this reverse split, except in the financial statements or as otherwise indicated.
Lock-ups We and our directors and executive officers, will agree with the underwriters not to offer for sale, issue, sell, contract to sell, pledge or otherwise dispose of any of our common stock or securities convertible into common stock for a period of 180 days after the date of this prospectus. See “Underwriting.”
(1)
Based on shares of common stock outstanding on September 8, 2021 (unadjusted with respect to our contemplated future reverse split) and excludes:
· shares of common stock issuable upon conversion of a convertible note in the principal amount of $330,000 at a conversion price equal to the lower of $0.30 or a 35% discount to the market price;
· 9,114,049 shares of common stock issuable upon convertible notes in the aggregate outstanding principal amount of $3,204,215, at an average fixed conversion price of $0.35;
· shares of common stock issuable upon exercise of warrants that will be issued to investors in this offering; and
· 1,000,000 outstanding shares of Series B Preferred Stock, which are not convertible into common stock
(2) Based on assumed public offering price of $ per share.
Unless otherwise indicated, all information in this prospectus assumes no exercise by the underwriters of their option to purchase up to additional shares of common stock to cover over-allotments, if any.
Reverse splits never work out! They had the real
Good they wouldn’t need a reverse split. Last time I was in a stock waiting
For fda approval took way too long. Sure enough it
Failed. This nice study is now past due and we heard what? The study is going as planned. Lame very lame oh and a Pr they opened a Twitter account. I feel this is just another Theranos! Where’s Holmes she did it successfully. Ripped off people for $billions!
Exactly they’re worse than any basher.
The reason it won’t get to Nasdaq because they won’t meet the criteria. Revenue profits and $4 stock price for a certain duration of time. Maybe the amateur Dr. can fill out the forms like he did with the QB uplist and kept getting kicked back.
If the treatment was so good why do they need a reverse split? Complete non-sense. Never been in an otc that went up after a reverse split. Always go back to pre-reverse price.
We’re now f-/$:@;er’ed -14% for starters. Probably go back to sub-penny before the split… hope I am wrong. What a nightmare!
My favorite stock the stonk
Of my life. Are we at $158 yet as promised the last 9 months?
It's like the boy who cried wolf everyday, only it's everyday news is coming and $10 per share tomorrow....
I was in another stock amrn and bunch of people were buying into NWBO in the .20's.
I've seen pictures first hand of that one very scary.