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So far pennyaire..smh
This could be a COVID/flu pill if..and “if” it ever gets to the public. I believe currently EUA ended with COVID, so how things move with creating a drug and putting it through trials, plus SBFM natural business practices which never follows through I believe I have to wait until my next life for this to hit post split price.
“Soon” is the fact that they can’t keep buying back shares to be compliant.. but after all the BS with this company it just feels like uplisting to Nasdaq is just a bigger payday for themselves before they retire.. otc payouts definitely is not as good as Nasdaq
Price keeps dropping cause no one believes in them. Unless they have results..which they haven’t presented at all, SBFM will get another sec warning letter. Then another buyback 6 months later. Eventually they will run out of money. Maybe Nora PHarma can generate some net income for them to keep doing buy backs when that happens. Unless we get scientific results it would stay in penny land. Only hope is Nora earning is good more than 335k net from last filings and Arizona COVID pill gets complete soon… I mean really soon.. but I don’t see anything that make this pop over $5 beside manipulation
Cause this company is straight garbage and nobody believes them.. burned all bridges and all talk with science.. today is day 1 of 30 before we get another compliant letter again.smh.. was hoping for one last pump and dump to get out and currently I’m not sure are we gonna get it.. for sure the cancer and COVID pill is endless waiting
Personally I believe that their plan is to uplist using COVID pill/pandemic so they can pay themselves with offerings once listed on Nasdaq.. everything after Nasdaq is telling especially no drugs showed any advancement..
I can’t think of any catalyst that can make this shoot over $10.. unless a pump and dump or Arizona finishes their preclinical which needs to be a success. However preclinals can take 1-6 yrs. Could take forever knowing how universities and SBFM works.. also I don’t believe there is any more EUA to speed up the drug studies. I’m pretty sure Dr shitty is going to retire with the next 2-3 yrs and walk away with highway robbery. It even sure we can get one more last pump that is worth selling ..
So what now after 10 days.. no real news and it’s going to dwindle back to Pennie’s again. Are we really expecting Nora Pharma revenue to move the SP back to $8.88 post split price.. or are we forever waiting for complete preclinicals. By now we know it can take years with this company and never get complete .. and for the new studies starting in march.. nobody cares anymore cause it’s unnamed partnership again.. and Petri dish studies..
Imho, Doing another share buy back is unlikely until they get another sec warning letter to comply. But by then do they have any money left to do another share buyback when that happens. Nora pharma rev is 10.7 million but net is only 335k. Meaning they spend all their money on overhead. And don’t forget we pay the three stooges decent salaries to do stuff whatever it is. Even if trials with another unnamed partnership starts in March, by now ppl don’t care anymore. Because the market don’t trust SBFM, retailers don’t trust SBFM, and institutions don’t trust SBFM.. unnamed partners and we anticipate no longer works.
I have more money invested than than index fund. ?????And of course I’m down big like most shareholders. My biggest question is after SBFM complies with Nasdaq listing from the SP being $1 and over, what is the catalyst to maintain that and move it up. Unless SBFM comes out with something concrete like names partners or preclinical complete, back to penny land. Starting new studies in March is not going to move this much. The market lost hope in SBFM. Shareholders lost hope in them. New retailers have no hope for them.. smh
I averaged down 5 times post split and SP keeps going down. Never has any solid news. Always unnamed partners and always in preclinical studies. Why would anyone with a sane mind put more money in here. You can’t invest in this company. Can only penny flip. Management is scandalous as hell!! I tell myself that I don’t have to make my money back from this company alone. Sometimes it’s best to take a lost and make it back elsewhere. Reason why I’m still holding is I’m down a lot and long term capital gains if this ever goes positive …but I’m taking this stock (can’t even call them a company) day by day.. once we get a good pump .. I’m out!!! I’m just waiting for that pump and dump!! Ppl should becareful. Buyers beware.!!!
All we can do is hope now.. most shareholders if not all are waiting to bail once we get that pump. But perfect put is no one believes them.. the market doesn’t believe them and they burned all bridges: why should anyone trust them ever again. They don’t even reply to their shareholders.
Just waiting for the next pump so I can dump. SBFM will never finish any drug.. all we will get is findings are enormous!! Or we are delighted!!!what a joke…new yr but same regurgitated PR..waste of time.. opportunity cost..!!!
Garbage company/management ..even the boss don’t invest into his own company. He knows his science is BS..or better yet..just give himself and friends free shares in the future. Wont be a surprise their next offerings will be 40 cents a share.. plus another two free warrants again. Just in case they havent screwed their shareholders enough.. might as well screw us more for fun!!!..Worst management ever!!!
SBFM screwed all their shareholders.. the ones that held from otc to Nasdaq was wiped out…the new buyers in Nasdaq getting wiped out….shareholders whom bought sbfm when they first was a public traded company 10 yrs ago.. completely wiped out plus, Don’t forget..even if we lose all our money invested, shareholders still needed to pay for the multiple reverse splits fees along the way for holding this!!!
Basically Nobody has benefited by being invested/holding into this company. We don’t need articles or links to prove it!!!.. “ ppl that held onto their investment in sbfm lost 90 percent plus of their investment .. the only ones benefited are insiders and executives..is that enough proof that this company bullshit!! Oh wait.. don’t forget the 8k filed in July 2021, stating that their finalizing mice studies, but till this day nothing is even close to becoming complete in preclinical..read the most recent 10q.. how many times do we have to go through this.. besides one person on this board, nobody was able to get a reply from SBFM.. I called and kindly asked for investor relations and they hung up on me.. that’s when I know this company is full of it!!!..
Nothing they once boasted in preclinal is complete..their latest 10q basic showed us they haven’t done shit with their drug studies the last yr and a half. even when they announce complete for one of their mice studies.: how much is that worth?..unless human trial is complete, to most ppl it’s just not worth much.. it’s a bunch of BS.. I think company couldn’t pass their own sbfm pl4 so they decide to pay Arizona for partnership. Believe that or not. If sbfm pl4 worked, why would they pay Arizona for their antiviral studies.. thing sbfm does is just masking their failures.. used the Covid pill/pandemic and of course the shareholders to get listed in Nasdaq so they can line their own pocket.. without Covid this company would still be in otc with 3 billion OS
At this point anything SBFM says is not believable. Until they finally have results meaning preclinical complete, management is and will always be full of shit!!
I use to read all filings and reports and of course ever since they got to Nasdaq I no longer waste my time.. doesn’t matter what they say in the filings or what new program sbfm is working on.. advance is the only thing that matters.. one more thing was when SBFM announced they were finalizing mice studies in July 2021 Brett was able to convert 24 million. Shares for 240k.. at that time he stated numerous time he didn’t sell any shares.. price was probably trading in mid teens.. you be the judge..
It was on Twitter..it was a post within 2-3 months. He even made a claim he was lied too as well.. he stated still holding his shares but praying for the best.. personally I would take his tweets/protecting shareholders with a grain of salt. Seems like most companies he is involved goes to crap after the pump.. is conversion prices are not realistic. And that’s what get ppl to buy and pump up the price.. he also has a bunch of downside protection that he does not disclose. Like getting shares a tenth of what its current market is trading.. similar for sbfm… he paid $122k for 122 millions shares when it was in the otc. I tweeted and asked him about it,..but he never responded.. so you be the judge.. I keep my post ?? real.. it a pumper or a dumper.. GL
It was on Twitter..it was a post within 2-3 months. He even made a claim he was lied too as well.. he stated still holding his shares but praying for the best.. personally I would take his tweets/protecting shareholders with a grain of salt. Seems like most companies he is involved goes to crap after the pump.. is conversion prices are not realistic. And that’s what get ppl to buy and pump up the price.. he also has a bunch of downside protection that he does not disclose. Like getting shares a tenth of what its current market is trading.. similar for sbfm… he paid $122k for 122 millions shares when it was in the otc. I tweeted and asked him about it,..but he never responded.. so you be the judge.. I keep my post ?? real.. it a pumper or a dumper.. GL
I recall Brett bitching on Twitter about SBFM telling him to hold and that it would hit $100 post split.. at this point I’ll be estatic if this hit $10..lottery hit right there..SBFM really pissed everyone off ..: at this point why would ppl trust them anymore?..their latest 10q basically says everything is where it was about a yr ago..
Hard to have confidence when things never advance.. sbfm burned all bridges… the purchase of Nora Pharma kinda feel like sbfm is handing shareholders money to their friend.. net $335k..really.. nothing scientific has advance.. I won’t be surprise that they would have problems raising money in future ..who really wants to pick up their shares through offerings.. so buyers have shares so they can just short it..they screwed everyone including themselves!!
Any first time buyers. I advise you to stay away. Everyone here is losing money besides the CEO and staff.. it’s not the market condition, it’s the company. Stay away.. I post this so ppl don’t lose money!!!a lot of better stocks out there with potential and revenue.. doesn’t matter if it’s .75cents.. it’s gonna hit all time lows when we get a sec complainant letter.. so do your own due diligence.. good luck!!!
It’s failure from management. Ppl can’t blame the market for this price share. The market had yrs of a bull run and as a result this company had yrs of studies that had gone nowhere. Plus yrs of reverse split to screw shareholders…
Typical pump and dump for institutions.. no named partnership!! No one is falling for that crap anymore.: why?..otc this would’ve ran..: on Nasdaq this is red for the day… first 10 mins ran over 90 cents and then after is just down hill
Another hype PR without a name..lmao.. typical sbfm..and shareholders is working with god praying that we can break even and get our money back..
OS increase, wait until the warrants convert.. OS will be a lot higher. At this point. Nobody is going to convert it though.. lost cause if they do. I really hope sbfm is reading these post.. no body trust them anymore. Burn every bridge possible.
Tbh. If they do throw a PR out to try to pump this stock over $1 maybe its best to sell half the position the first day and then see what happens next day.. the price typically drops after that pump. Nothing in this company tells me that it’s going to go to $5 or stay over $1… price will more than likely dwindle back down under $1 eventually reaching all time low.. ..this company just has bad credit and nobody trust them anymore:::jmho