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@Hawkeiz Do your research. The filings mean they are desperate for cash to pay Nathanielsz and his pot selling partner's large salaries. If you read the financials and the filings, you'd see that this loan will most like get converted into shares and will ultimately dilute your holdings. You and Biochimp are clueless. This company is a SCAM!
And by the way, I've sent all of this information to the SEC and have asked them to investigate.
This 8K just added to the SEC's website....more bad debt/notes and more upcoming dilution. You penny stock addicted gamblers will never learn!
https://www.streetinsider.com/SEC+Filings/Form+8-K+Propanc+Biopharma%2C+Inc.+For%3A+Jun+26/23426670.html
Biochimp please tell me you're a college student...at least then you'd have an excuse for having such poor judgement. And BTW, Propanc's Medical Chief and Founder will soon have a criminal record.
https://www.dailymail.co.uk/news/article-13525605/Harley-Street-doctor-cancer-patient-cannabis-treatment.html
Ace69 and Biochimp are both going to be screwed if Propanc decides to do another reverse split--just as they've done the previous 4X in the past 6 years! You guys will never learn!
https://www.sec.gov/ix?doc=/Archives/edgar/data/1517681/000149315224025929/form8-k.htm
New 8K. More notes and upcoming dilution. If Propanc does a RS, you will be screwed!
https://www.sec.gov/ix?doc=/Archives/edgar/data/1517681/000149315224025929/form8-k.htm
No need to look much further. They just released a new 8K. More notes and upcoming dilution. You guys will never learn!
https://www.sec.gov/ix?doc=/Archives/edgar/data/1517681/000149315224025929/form8-k.htm
Where did Biochimp and the other pumpers go? I guess they're off pumping and gambling on another worthless and fraudulent OTC penny stocks.
Just admit that you're low IQ and I was right all along about this turd!
If you still see potential in a company led by a man with a history of fraud and who has wiped out countless investors after his many reverse splits and dilution, then you have the cognitive ability of Biden!
I'm wondering the same thing: Why is a Chief Medical Officer, founder, and co-board chairman of a publicly traded company spending his time selling weed cures instead of focusing on running his publicly traded biopharma company? Not to mention, the four reverse splits in the past six years, which is also troubling and historic. And BTW, all investors were wiped out after each of these splits--once the sell off by the note holders occurred.
This company has generated zero sales/revenue since its incorporation in 2007. Do you know how they have survived since then? And do you know when they will generate sales?
Can you explain the reason for 3 reverse splits in the past 5 years?
Is the man in the article the founder and Chief Medical Officer at Propanc Biopharma? Yes or No? Is he being accused of fraud? Yes or No?
https://www.dailymail.co.uk/news/article-13525605/Harley-Street-doctor-cancer-patient-cannabis-treatment.html
You're calling me low IQ when I've provided data and facts? What have you provided this forum?
This is why only low IQ people live in echo chambers and are ideologues!
Is the man in the article published June 13, 2024 the Chief Medical Officer and Founder of Propanc Biopharma? Also, I'm assuming you're a new bag holder onboard since last May 2023's reverse split--otherwise, you would have been wiped out like those bag holders from the previous 4 splits in the last 6 years!
Here's your company's founder and chief medical officer!
https://www.dailymail.co.uk/news/article-13525605/Harley-Street-doctor-cancer-patient-cannabis-treatment.html
Good morning low IQ pumpers. Quick question: Did you know that Propanc's founder, board of directors member, and chief medical officer is a medical fraud?
https://www.dailymail.co.uk/news/article-13525605/Harley-Street-doctor-cancer-patient-cannabis-treatment.html
You're clueless...the reverse split will raise the PPS, but not the value of your position. However, after the split and the sell off from the note holders, the price will fall back down to extremely low levels as it did in the past, thereby destroying your cost basis and making your stocks pretty much worthless. Just talk to those people who were around after the split! Oh' I forget, there are only new bag holders here now until the next split wipes them out.
Don't listen to pumpers like BIOCHEMUP and others. This stock has had three reverse splits in the past five years, so these guys are all new pumpers to the dead party as the last pumpers were all wiped out last year after the last split in May 2023. After these guys you're talking to are wiped out after the next split, there will be new bag holders boarding for the next round! And by the way, because these guys on this forum are so low IQ, I'm sure they don't know how to figure out when the next split will come...aka the day they get wiped out!
May 23, 2023, 1:1000
Nov 19, 2020, 1:1000
Jun 24, 2019, 1: 500
Apr 20, 2017, 1: 250
This stock has had 3 reverse splits in the past 5 years, so I'm guessing that no one here now has been holding since May 23, 2023, or else you would be wiped out. So everyone here now are new bag holders until you're wiped out in the next split after the massive dilution is complete. Then after you're wiped out and gone, there will be a new group of bag holders. And by the way, because these guys are so low IQ, I'm sure they can't even figure out when the next reverse split will occur--aka...the day they see their investments vanish!
May 23, 2023, 1: 1000
Nov 19, 2020, 1:1000
Jun 24, 2019, 1: 500
Apr 20, 2017, 1: 250
Don't waste your time replying to low IQ echo chamber dwellers. They'll learn their lessons after this reverse splits and the note holders once again drive down the PPS--completing the fraudulent dilution- split cycle.
Scam, Sham, or pyramid scheme or simply a struggling company is anybody's guess. Company has been in business for 17 years and hasn't produced a single marketable product, yet the CEO awarded himself millions in compensation and bonuses over this period despite a significant decline in the company's overall value and company's ever-increasing debt obligations. Board of directors consists of only 2 members (the CEO, Mr. Nathanielsz and Dr. Kenyon). Their only full time employee is Mr. Nathanielsz's wife Sylvia Nathanielsz. Also, the Nathanielsz, a chemist by trade, with no financial or accounting background is acting as the CFO. Just too many red flags! And after his dilution scheme is complete, I promise you there will be another reverse split (which most newbies here don't remember), after which time all of your investments will disappear once the note holder begin driven down the PPS on the sell off. Don't say I didn't warn you!
Come on Peanutz...that was too easy 😄
Wow...that's sad, because you still haven't learned anything.
You still haven't figured out this thing is being manipulated?
Read the 10Q and if you're still not convinced of the scam then you cannot be helped and you deserve to lose all of your money after the next reverse split. Don't say you weren't warned. Hopium sure is a powerful drug!
June 21 filing = yet ANOTHER convertible note being issued.
Has everyone noticed ppcb's financing has become a bit convoluted compared to the issuance of straight convertible notes?
Our good friends from Diagonal have once again gone to the well:
15% $49,200 principal with $41,000 purchase price (wait WHAT???) April 15, 2025 maturity.
The note is only convertible if Diagonal opts to convert after an Event of Default. (This note has predetermined principal payments. Given ppcb is in constant need of CASH, it's likely it will default on making any of the predetermined principal payment dates and this will trigger--to Diagonal's DELIGHT--the note being convertible at 65% of the lowest trade ten days blah, blah, blah).
IF the note were converted today, I figure 70+million more shares would be issued.
Compare and contrast 70 million with current OS of 183 million. (Can you say long positions will once again be SEVERELY diluted?).
To recap, Diagonal is buying a 15% note at a 16.7% discount which will be converted at 65% of the lowest trade. Meanwhile, longs keep Hoovering up all of the frequently minted shares--WEIRD.
More shares for everyone--having more of something is a good thing, right?
I'm not here to teach you investment finance or risk analysis. All I can do is warn you and point you to the 10Q and other SEC filings and if that doesn't change your mind, then too bad for you! I just hope you're not betting anything you can't afford to lose.
Living in an echo chamber and refusing to listen to contrarian views (especially when these views are based on facts and data) will cost you lots of money in this game!
Have you studied the 10Q and the 8k reports? I have! Also, I'm assuming you cannot explain the recent dilution or the reason why the company is purposely missing scheduled note holder payments?
There will be no significant price increases until the CEO, James Nathanielsz, stops giving away cheap/below market price shares to note holders who are reselling these shares for big profits at .0011 -.0013. Read the 10K and you'll figure out the scam! We (non-note holding) shareholders are being used to provide big profits to the note holders like Diagonal Lending LLC. and to pay Nathanielsz $300k annual salary and his wife's $81k salary--for her part-time employment! Remember this company has no revenue, so we are being diluted to pay their expenses!
Everyone should send an email to the CEO, James Nathanielsz, telling him that his note holders (including Diagonal Lending LLC.) are destroying your investment by reselling their discounted shares (gained by Propanc purposely defaulting on their payments in conspiracy with Diagonal Lending) and that you will report Propanc and Diagonal Lending LLC to the SEC for securities fraud if it doesn’t stop!
Email: irteam@propanc.com
I’m sending my email today!
What everyone needs to realize is that there won’t be a significant price increase until the CEO, James Nathanielsz, stop giving away below market price shares to note holders so that they can flip them by selling at .0011 - .0012. Who else do you think is selling at .0011 and .0012 and making big profits?