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Tuesday, March 15, 2016 6:31:13 AM
They owed Advanomics $17mill for the patents before yesterday.
Yesterday they announce an admendment to that deal, that they will issue 321mill shares for that $17mill. Todays current price is .012.
If Advanomics were to sell their whole block today at .012, they would get $3.8mill rather then their $17mill.
Thats a huge savings to SBFM! Huge savings.
Realistically Advanomics wouldnt be able to sell at .012, they would push the price to .001 with an order like that. This means they would actually only sell it for $380,000 - $500,000 far cry from their original $17mill price.
THEY ARE NOT SELLING THEIR SHARES PEOPLE! THAT WOULD MAKE NO SENSE.
Recent SBFM News
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 07/11/2024 08:00:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 09:05:31 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 03/05/2024 09:37:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:05:35 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/23/2024 09:03:01 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/21/2024 09:28:39 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 02/21/2024 01:24:23 PM
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