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With the very few shares they own, why would they care about shareholder value?
Back to 278 million OS
Think we fall under the 50 MA and bounce off 200 at $.0035ish?
With insiders owning only 3% of the OS....not a chance.
Right, issue notes that convert at 35% discount and buy back shares at market price. Makes zero sense.
Factor in 2....20-1 reverse splits...
BTW trust "market watch" and don't read SEC filings...LOL
Awesome...you'll have $500 bucks at $.05
Educate yourself on reading SEC filings
Called him about the website not working and didn't ask about the 80 million difference between the TA and filing? LOL
If it's a steal and going to $.05 you should be buying everything up to $.03 Money where your mouth is.
He owns 1.3% and won't invest any of his own money. Sounds real confident!
Ask him why he doesn't believe in his company...AKA share ownership
Going to need 4 billion commons at this conversion rate.
Upon closing, in exchange for the Target Common Stock, the holders of the Class A Stock shall receive
630,000 shares of the Parent’s preferred stock to be designated Series A Convertible Preferred Stock (“Series A Preferred”) and holders of the Class B Stock shall
receive 70,000 shares of the Parent’s preferred stock to be designated Series B Convertible Preferred Stock (“Series B Preferred”). Each share of the Series A
Preferred; shall (a) convert into 5,097.053 shares of common stock of the Parent, (b) possess full voting rights, on an as-converted basis, as the common stock of
the Parent, and (c) have no dividend rate. Each share of the Series B Preferred; shall (a) convert into 5,734.185 shares of common stock of the Parent
So easy to reverse split commons when ya don't own any. This POS Geordan owns zero commons but 33 series B shares and that gives him majority vote...always. Could own every common share authorized, still have zero control/power.
Don't find it odd they own such a tiny amount of shares? We're talking the cure for cancer PLUS covid-19 and they haven't made one single open market purchase.
That's from 2011, wasn't in your link. Just so everyone knows what gets posted.
https://www.globenewswire.com/news-release/2011/07/27/452309/227678/en/Sunshine-Biopharma-Looking-to-Mimic-Roche-s-Billion-Dollar-Cancer-Drug-Success.html
About 10 million shares between the 3 insiders. And those shares were given for compensation. Zero shares have been purchased on the open market.
Just look at the form 4's...insiders own a very small amount of shares. That speaks volumes to me. I wouldn't stop buying if I was an insider and actually had something legit. Yet, no form 4's in months.
Updated OS but not TA verified...looks dirty.
https://www.otcmarkets.com/stock/SBFM/security
6 years old. Like 3 RS's ago. Have anything older to be excited about?
Good luck buying the preferred from slity.
Speak of the devil... OTCX is back. Huh, weird...
Not when preferred shares equal 1-1000 votes. All in the SEC filings. Please take time to read them...
GTSM is back to sell his daily quota based on volume...
Again... SBFM can't/wont be bought out. Slity owns over a billion votes. Please do one ounce of DD
GTSM.....just converting them notes!
Would be great but this POS Tucker just dumped 150 million shares and then doubled the AS to 1.5 billion. No trust scam CEO. Share price drops every time he speaks.
Each preferred share equals 1000 votes...do math plus read sec filings.
Also on June 17, 2020, the Company issued Five Hundred Thousand (500,000) shares of Series “B” Preferred Stock in favor of Dr. Steve N. Slilaty,
the Company’s CEO, in consideration for the COVID-19 treatment technology he developed. The Series “B” Preferred Stock is non-convertible, nonredeemable, non-retractable and has a superior liquidation value of $0.10 per share. Each share of Series “B” Preferred Stock is entitled to 1,000 votes per share. This stock issuance brought Dr. Slilaty’s holdings of the Company’s Series B Preferred Stock to One Million (1,000,000) shares.
Buyout won't happen either. Sility owns more votes than the 3 billion Authorized.
Right, SBFM did buy back after this...
During the six months ended June 30, 2020 the Company issued a total of 156,390,606 shares of Common Stock for the conversion of outstanding notes payable, reducing the debt by $230,074 and interest payable by $27,445 and generating a loss on conversion of $550,390.
Makes me sick how many of these small businesses that we are all suppose to feel sorry for, receive free money.
Maybe...13 years of constant dilution doesn't help. And his measly 4 million commons doesn't make me feel real confident.
This is why they announced/reported it, notes...
Stock issued for note conversions including interest $ 807,909
During the six months ended June 30, 2020, we issued a total of 156,390,606 shares of our Common Stock valued at $807,909 for the conversion of
outstanding notes payable, reducing the debt by $230,074 and interest payable by $27,445 and generating a loss on conversion of $550,390.
Wish I could loan them $$ and get a return/deal like that!
Remember when "adding cheapies" and "guess I'll add a few more" That's when the exit of position was.$.0024-$.0031
Not going to do a share buy back while currently issuing new notes. But is weird to see such a big difference. Need to call the TA
Not sure why the difference between the 10Q and OTC markets...maybe suppose to be a 3? Hard to make that kind of mistake though.
The number of shares of the registrant’s only class of Common Stock issued and outstanding as of August 18, 2020, was 200,308,644 shares
10Q out...only showing 200 million OS as of Aug. 18. Huge!
Insiders own 30-60 million common shares? I'd like to see that...that is what they should own! Sorry....27-54 million going by your numbers.
I'd say LEAS(or the big shareholder) is getting ripped off with this promo. Where's the volume/patent?
More false DD... It's little over 3%