Sunshine Biopharma Inc (SBFM)

[Chaka]

POST OF THE DAY BELONG TO ( TRADEMAX42 ).

MUST READ.

$SBFM

trademax42 Member Level Sunday, 07/26/20 10:58:39 PM
Re: Homebrew post# 58061 0
Post #
58071
of 58078
Homebrew....You are beating the drum based on the past stats. I would rather prefer to beat the drum on future potentials.

Have you looked at other players in the same space.

Take CYD*Y as an example.

Its trading in the $6 dollars range with MC around $3 billion.

Look at their financials:

Revenues 2019 = Zero

Net Income = -(minus) $56 million

https://finance.yahoo.com/quote/CYDY/financials?p=CYDY

How do you justify a pps of $6 and MC of about $3 billion with zero revenues and -(minus) $56 net income. You tell me.

A simple explanation: Because the market is looking forward and is assigning valuation based on future potentials. Get it buddy?

You're looking through the rear view mirror, the market doesn't do this way. It looks forward with the future potentials in mind.

An independent valuation by MNP LLP valued SBFM at $977 million to $1,133 million. Covid-19 patent is not even priced into the valuation, imo. BTW the MNP LLP has done valuation for more than 3,000 companies in Canada and the United States over the years. No small matter.

Look for yourself, if you haven't already:

https://finance.yahoo.com/news/sunshine-biopharma-releases-results-independent-130000009.html

Quote:
$0 R&D..$10,800 cash..$63k assets..$772k liabilities


$SBFM

Disclaimer: This is just in my opinion, not intended for investment advice. Do your own dd before buying, selling or holding securities.