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They are doing the same thing with their Covid19 drug research that they did with their worthless cancer drug.
They are engaging in redundant, repetitive, endless research without actually progressing towards a marketable product.
The UofA studies are essentially identical to the UGA studies.
They are pumping on the same BS news on a different exchange!!
Why would they need to test different drugs and repeat the same studies they did at UGA if their original covid drug (SBFMPL4) worked?
Slilaty went to UofA. Is he giving gifts in the form of grants to friends? With your stolen money?
ENDLESS RESEARCH WITHOUT EVER PRODUCING A MARKETABLE PRODUCT!!
This company is engaged primarily in various types of scams and frauds.
Their primary business over the years has been to operate a share selling scheme that has resulted in investors losing millions, upon millions of dollars.
More recently, SBFM & Aegis defrauded investors of millions & the CEO is raiding the company coffers. The CEO traded 990k preferred, series B shares for about 100k in cash from the Aegis money.
This company is essentially a massive fraud that should be avoided.
This company is a fraud & a scam.
The shares of this company are literal trash.
The fake science doesn’t matter, the real science doesn’t matter. Nothing matters except that this company is trash.
I said it would fall below a penny and keep hitting new 52 week lows. It hit a new 52 week low today and was right on the edge of sub-penny value in pre split price terms.
This company has nothing of value for investors.
SP is at 1 cent, approaching sub-penny value.
A stinky pinky on the nasdaq lol.
This stock is worse than junk!
Fake science & a share selling scheme.
There is no value here, this company just scammed millions alongside Aegis.
But their COO was involved with a company that was prosecuted for defrauding millions from investors, so what would you expect?
You learned your lesson: assume everything Rosen touches is a scam, and run from anything Aegis touches or gets involved with…. Oh, and SBFM is a scam.
A failed company that will cost you money.
A company with -5.44 EPS!
This is a very toxic company for investors. They have destroyed investors for over a decade, nothing has changed, nor will it. Actions speak louder than the exchange a company trades on!
You were all warned.
Never, ever listen to the people promoting on this board. NEVER! they do not know what they’re talking about.
You don’t understand, $SBFM leadership is a failed team—they fall in the category of the absolute worst type of management who are EXTREMELY toxic to investors. SBFM management only knows how to destroy shareholder value.
You have no idea how many fraudster roam this board.
6,000,000+shares in dilution!
Massive SP drop incoming!
It doesn’t matter, $SBFM is worse than garbage.
Pull up the 2016-2022 price over time chart, and look at the loss in value. Moving to one exchange or to another won’t change how terrible the management is at this company. This company cannot grow value for long-term shareholders, that is a fact.
When I say $SBFM is worse than garbage, I am not joking. Holding this stock costs a lot of money, but garbage doesn’t cost anything to hold onto.
Problems also exist with regard to insiders “tipping” friends about non-public information that may influence the company’s publicly-traded stock price. Because friends do not satisfy the definition of an insider, a problem arose regarding how to prosecute these individuals. Today, a friend who receives such a tip becomes imputed with the same duty as the insider. In other words, a friend must not make a trade based upon that privileged information. Failure to abide by the duty constitutes insider trading and creates grounds for prosecution. The person receiving the tip, however, must have known or should have known that the information was company property to be convicted.
Dirks v. SEC proved a pivotal U.S. Supreme Court decision regarding this type of insider trading. In Dirks, the Court held that a prosecutor could charge tip recipients with insider trading liability if the recipient had reason to believe that the information’s disclosure violated another’s fiduciary duty and if the recipient personally gained from acting upon the information. 463 U.S. 646 (1983). Dirks also created the constructive insider rule, which treats individuals working with a corporation on a professional basis as insiders if they come into contact with non-public information. Id.
As defined by the courts, insider trading refers to purchasing or selling a security while in possession of material, non-public information concerning that security, where the information is obtained from a breach of fiduciary duty, or a duty arising from a relationship of trust or confidence.
Being told by an insider (a member of the board) or tipped off about a specific time-frame to expect material news qualifies as the passing of insider information, given that the company has not stated that it will only release news about the mice trials after transferring to the NASDAQ exchange. These are anti-competitive practices that give Bart a material advantage in trading SBFM securities.
Bart has alleged that a SBFM board of director tipped him off & gave Bart insider information—information that is material & not available to the public.
Yes, I will be calling the SEC Monday.
There have been a lot of claims of insider trading by members of this board who claim to regularly communicate with the directors.
We should all file a complaint.
STRONG DOWNTREND, NEW 52 WEEK LOW, GARBAGE…
This company will be diluting the price down to a new 52 low for the third week in a row.
The stock hit 2 new 52 week lows recently. One on the 7th of February, 2022, and another low on the 10th of February, 2022.
Two back to back 52 week lows is VERY BEARISH! Also, looks like shorts are back at it.
One thing that many of you who are pumping on the Low float of
$SBFM
forget is that this thing can plummet very easily because of the low float just as much as it can go up.
They have not progressed beyond rat trials in 10+ years with adva-27a, despite numerous attempts to pump, that drug has gone nowhere.
There is no evidence that either Adva-27a or SBFMPL4 work in humans. Many drugs have shown promising data when at the same stage as SBFM, but then the trials progress and things go down hill, Merck’s antiviral is a good example. Anyone who assumes consistent results in these trials is clueless.
And Pfizer already dominates the market in terms of vaccines and anti-virals. Plus, no one cares about covid anymore, and the politicians that care about Covid are gonna get tanked in midterms like the SBFM share price tanked yesterday.
The hype around covid stocks from 2020 & 2021 just won’t be there. And SBFM won’t even have a marketable product for another 1-2 years under their best case scenario, per their own SEC filings.
Nearly 89% of value lost in 8 months…
Nearly half of all value lost in less than 2 days post-split.
With dilution incoming, more value will be lost.
All the people saying this was a good investment forget the plain math that tells us it was a bad investment.
Lmao. Do the Math. Nearly all value was lost, the earnings per share is EXTREMELY NEGATIVE.
Nearly 89% of value lost in 8 months…
Nearly half of all value lost in less than 2 days post-split.
With dilution incoming, more value will be lost.
All the people saying this was a good investment forget the plain math that tells us it was a bad investment.
Lmao. Do the Math. Nearly all value was lost, the earnings per share is EXTREMELY NEGATIVE.
Current SP is about 3 cents per share …
In pre split terms …
Like I said … .08>.06…. Etc etc 1-3 cents .
Stock has lost almost half of its value!
Only a few days post split, and the stock lost nearly half of its value & is VERY CLOSE to failing to meet the minimal listing requirement of $4.00 for NASDAQ.
This is VERY VERY BAD!
NEW MARKET MAKERS, BUT THEY AREN’T INTERESTED.
THERE IS NO EVIDENCE TO SUGGEST THAT ANY NEW FINANCIAL INSTITUTIONS ARE INVESTING IN THIS.
THERE WILL BE DILUTION, I REPEAT:
THERE WILL BE DILUTION!
DO NOT BE MISLED!
THE COMPANY IS DOING AN OFFERING. THE OFFERING CONSISTS OF UNITS. EACH UNIT CONTAINS 2 WARRANTS, EACH WORTH 1 SHARE & 1 STOCK.
SO: 1 UNIT = 2 WARRANTS + 1 SHARE!= 3 SHARES.
THE STOCK OFFERING IS PART OF THE AEGIS DEAL AND WILL BE EXECUTED VERY SOON, HENCE, THE IMMINENT DILUTION SOME OF US ARE TALKING ABOUT.
MASSIVE DILUTION INCOMING, WHY DO YOU THINK THEY DID SUCH A MASSIVE REVERSE SPLIT?!
Scam. What happened to Rosen’s $.50 to $1 PT pre split?
Each investor in SBFM is just a stepping stone to be walked on, used, and abused by management.
Accept it and move on or stay and be abused by the company, your choice.
The S1 says dilution to $7! LMAO
There will be significant dilution, prepare for a further drop in price and more immoral, dishonest, sneak moves by $SBFM & look forward to their now famous #transparency.
LMAO!!
Aegis & SBFM just snuck investors with an R/S. That speaks volumes about how they feel about their shareholders.
The market has already told you what this is worth: 4 cents.
The market “speaks” every day based on asks, bids, and volume.
You’re confused about what the market is.
A few interested investors are not “the market” and a few researchers are not “the market”
This will lose value quickly at the offering.
It can fairly be described as a surprise split because the company released a prospectus alleging that everything, including the R/S ratio, was subject to change. The company further conditioned the split on NASDAQ approval. Furthermore, Rosen pumped the stock on news of a “roadshow”; and typically, the final prospectus and r/s ratio are released after the roadshow.
Clearly, the roadshow is expected to be a DUD.
But SBFM clearly had no intention of changing the ratio downwards, so they should not have lied and alleged that the information in the prospectus was subject to change. Clearly, SBFM intended to do the R/S at 200 to 1 and that was not really something that was expected to change.
I mean, I can go on…
This company is trash, accept it.
No liquidity, the process was an utter failure.
After such a dishonest, immoral, secretive, sudden R/S, you’d think they’d come out and explain themselves to investors.
Lmao, but these guys are crooks at $SBFM, so personal courage and integrity is something they lack.
Wait ‘till those warrants are converted…
Half the value, gone.
The only roadshow is the show where long term investors metaphorically get dragged along a road and destroyed.
This is why you NEVER stick with a company that allows one, single man complete control of the company. This is why you avoid companies like SBFM—companies with a complete disregard for shareholders & EXTREMELY TOXIC practices.
You can’t trust this company.
Think about it. First they say that the the R/S won’t be done unless NASDAQ approval takes place, then they totally flip on you guys & say the reverse split can be done for any number of reasons, within the span of a few weeks.
Now, like a thief in the night, they pulled this R/S. They didn’t even wait until after the roadshow to see if any new investors would come on board… looks like they don’t expect the road show to do the SP any good? Meaning they don’t expect much interest ?
I’m not even including everything else, just what has happened in the last month.
RBCapital was defrauded by OPTI. Should anyone trust a guy who was so utterly and completely fooled? BR had a lot of good things to say about OPTI, then a lawsuit was filed, the CEO of OPTI was fired, and the share price tanked to less than a penny per share.
It is important to remember that Brett Rosen’s opinion on this company is no more meritorious than anyone else’s; in fact, BR has a substantial financial interest in SBFM.
To put it another way: In many prominent western legal systems, BR would have to recuse himself as a judge (assuming him to be a judge, but he isn’t) if he were assigned to preside over a case involving SBFM as a party. The reason being that BR has a substantial financial interest in the success of the company; thus, he cannot be trusted to act with impartial, reliable judgment.
Let the above sink in & think for yourself, don’t let RBC think for you.
Like a thief in the night, they executed the R/S.
They must have learned that shady tactic from Dr. M?
Lmao. This is the beginning of the end. The SP is going to plummet with such failed, toxic management. The lack of confidence will manifest as selling pressure as reality sets in & pipe dreams are seen for what they are: a false, imagined reality.
What you SHOULD HAVE done, is hold management accountable. Forget Rose, forget loyalty, and you should have held company management accountable for these extremely toxic practices, but when leaders are not held accountable, they act with impunity. This point is made explicit by the management at SBFM.
You were all warned about the immoral, toxic practices of this company a long time ago.
A reverse split analogy:
lets say I gave you a pizza without cutting it into slices. Then I gave you a pizza that was cut into 200 slices. Look at both pizzas and tell me which one will make you more full.
The above pizza analogy would be true if stocks were pizza & we were talking about biochemistry, but the two are so far removed from each other that the analogy flatly fails.
A reverse split reduces earning potential. Think of a company with 200 workers, call it company ABC, each worker at ABC has an output that results in 1 dollar per day of profits. Now, suppose that you reduce the number of workers at ABC to 1. Obviously, the company earning potential has been reduced by a factor of 200. Very substantial. Each security (stock) that you own represents your earning potential (the workers)…or loss potential in the case of $SBFM. A reverse split is like a pay cut, it reduces your wages or earning potential.
You can actually build a mathematical model to represent the effects of a reverse split on an investment. F(x)=Ax, where A is the number of shares owned & x is the price of each share. If you divide both sides by 200, then any increase in F(x) is reduced by a factor of 200, so you have (A/200)x=F(x)/200. Alternatively, any increase in x is reduced by A/200.
There are other very serious problems with reverse splits, but I just wanted to give a basic analogy. In the case of $SBFM, there are a lot of negatives to consider, but that will become evident as the price per share plummets….
Again, you’re just flatly wrong.
Let’s do some simple math, a good break from tensor calculus (highly advanced relativity mathematics).
Current share price is $.045/share. Multiply that by 200, and the new price is 9 dollars per share. Multiply $9 by 100,000 shares, and the value of those shares is $900,000.
So these people gave themselves about a million dollars at the expense of their shareholders.
But these figures are slightly off, as I believe the CEO and some others gave themselves more than the number of shares you suggested. But you get the picture ?
And that’s not including the compensation they gave themselves, again, at the expense of shareholders.
You’re allowing your feelings to cloud your judgment. And for you, as much as you’ve claimed to have invested, this isn’t a laughing matter. So, you should not be doing the whole “lmao” or “lol” thing.
So the people who lied are silent?
I mean, after all those lies about a reverse split not being necessary and moon news being released prior to the split? After all that BS, the ones who lied are silent? No integrity? No apology?
And, to think, these same people have the nerve to push this junk and continue to try to defraud the naive public into buying this junk.
I can’t wait to see all their false predictions going forward.
Here is the reality: this stock is junk and worthless; the management has utterly failed, and mgmt will continue to fail.
There is no value in this company stock and you will regret every share bought.
I thought the R/S wasn’t a sure thing?
And I thought news would be released prior to the reverse split?
Hmmm… imagine that.
You asked how the company directors have benefited, and I told you exactly how. You seem to agree with me: they got free money as compensation (debt money), they gave themselves free shares… millions of free shares. They don’t need the company to succeed or fail. That’s like saying that a man who was given free money has to worry about the quality of his work in relation to that free money, but he doesn’t, it was free.
Loyal shareholders put food on the tables of these directors, paid for the director’s bills, houses etc etc. and in return—after their loyal shareholders made it possible for mgmt to give themselves these freebies—mgmt completely abused those same loyal shareholders.
No, you didn’t.
Because the company failed to live up to its end of the arrangement.
I think someone else posted how this relationship works. It’s a “2 way street.” The company has failed to grow shareholder value; in fact, the company appears to be deliberately holding down the stock price to benefit Aegis and the clients of Aegis; furthermore, the company has used extremely toxic practices that amount to an attack on shareholder value.
I don’t know if you understand how poorly this company has been managed. I know that you don’t like me, and I know that you have loyalty to this company, but loyalty will distort your perceptions and prevent rational analysis… you should never give a company or any person your loyalty; finally, your dislike of me also distorts your opinions on what I say.
But sit back for a moment and clear your mind. When you do that, ask yourself if this company has really earned your loyalty and acted in your best interest.
I know the answer, I doubt you do.
When more investors buy and hold a stock than are selling, this increases the SP, and adds to support at certain price levels.
Ultimately, a company that has a higher SP is better able to secure funding through debt.
We have all heard the saying that “stock price is closely related to the ability of a company to acquire funding.” Companies use their stock to pay off debt and often times to pay their directors.
I am simplifying this, because I doubt a more detailed, academic response would make any difference.
This company has a demonstrated pattern of behavior: pump the stock with speculation & fluff PRs, acquire funding in the form of debt that is to be repaid via stock, then doing reverse splits, all of which is extremely toxic to investors and ultimately an abusive practice.
The company builds itself on the backs of its investors.
These practices are more consistent with a scam, and that’s why many companies, in both the NASDAQ & OTC markets, are looked down on. It doesn’t matter if the company is a stinky pinky or a NASDAQ listed company; when it screws investors with shady, toxic practices, it’s gonna feel the consequences in time. What’s more, this company has the majority of voting power invested in one man—the same man that has consistently, ruthlessly, and efficiently destroyed shareholder value. There is no way to hold management accountable, despite how terrible management is. That by itself is a major red flag that will deter investors. Professionals expect that management will be held accountable for its failures, but SBFM leadership apparently doesn’t agree.
Finally, many of you are underestimating how much weight is given to earnings per share. Pros care about profit, not BS speculative science or even real science. EPS is one of the most important considerations in fundamental analysis, and this company totally fails in that regard.
It will get worse, this is the beginning.
There is no value for investors in a company that so efficiently & ruthlessly destroys shareholder value. The market isn’t dumb.
A lot of people couldn’t imagine that this stock price would be where it is today, and a lot of people can’t imagine that this will go to 1 cent, possibly lower, but this stock is going right down to 1 cent based on existing trends.
The company has such a bad reputation that even good news just isn’t going to be enough.
You’re right, 500+ to 1 is more likely.
200 to 1 is very optimistic and definitely not set in stone. With horrible, failed management who have no business sense and a total disregard for shareholders, 200 to 1 seems more like a pipe dream than reality.
Seems like a fraud company to me.
It’s always speculation with this company. We “anticipate” this or “we believe” that or “we are trying to do this” etc etc.
These scum bags in management have been pushing the same speculative BS for over half a year now with their Covid drug & for 10+ years with their cancer drug.
But if they can say they anticipate FDA approval of their covid drug and that they anticipate that their covid drug will be effective against the VOCs, then release the data to substantiate these unfounded statements.
Any company can say what SBFM management is saying, it doesn’t matter.
But the company has failed to produce any real data to substantiate their claims on the SBFMPL4 drug, and they have failed to produce the names and credentials of the alleged scientists who told mgmt that these drugs are likely to get FDA fast track approval.
It’s all just reprinted, speculative, BS.
The market sees this and that’s why this will go down, down, down until it’s 1-3 cents, maybe even lower.
Well, it’s already red.
The market called $SBFMs bluff and realized this recent filing is just reprinted fluff.
Couldn’t even manage to stay green until lunch.
No shareholder confidence.
The company has destroyed its own reputation through toxic practices; thus, the stock can’t sustain buying pressure. The company has failed to grow value for shareholders and has shown a complete disregard for its shareholders… Fluff PRs that merely reprint old news certainly isn’t enough.
A pump and dump is all we have seen. There is no evidence to support the contention that big money investors are going to board this ship, it’s pure speculation.
Heading back towards 3 cents before lunch.
Wow! It’s worse than I thought.