Very good day in the BioPharma world. SBFM was up over 101%, closed above 70% today!
10-Q quarterly is due tomorrow with other possible company updates coming any time.
Keep your eye on this stock tomorrow! It could be a very big day tomorrow, as today showed much anticipation for tomorrow's 10-Q quarterly!!!
What's happening here...
Outstanding Shares: 278,419,296 Date: 08/04/2020 Held at DTC: 263,916,517 Date: 08/04/2020
SBFM has filed for a priority US Patent & FDA approval to market their pharmaceutical drug for covid-19 through covid-30 stages. This is a priority filing with 60 day FDA approval.
MNP LLP of Canada, leading accounting company for all of Canada, placed a 977M-1.1B (Billion) dollar monetary valuation on SBFM. MNP is huge and in the last 5 years, have merged with several companies to become the largest in Canada. This is a huge firm for SBFM to retain.
An accounting firm of MNP LLP's magnitude and stature to place a 1.1 billion dollar valuation on Sunshine BioPharma equates to a $3.70 share price and should not be over-looked.
MNP LLP may very well be the largest in all of Canada, and is retained by Sunshine Biopharma Inc!
This is all public information, the valuation of SBFM (at 1.1 billion) and the following is taken from MNP's wiki page.
Business Summary: Sunshine Biopharma Inc. id pharmaceutical company focused on the research, development and commercialization of drugs for the treatment of aggressive form of cancer and covid-19 with patents (adva-27a & covid-19 through covid-30).
Sunshine Biopharma Inc is incorporated in Colorado State and has a formation date of 08/31/2006
Natural Product Number (NPN): 80089663 Current status: Active Brand name(s): Essential 9 Licence holder: Sunshine Biopharma Inc. Dosage Form: Tablet Recommended route of administration Oral
Natural Product Number (NPN): 80093432 Current status: Active Brand name(s): Essential Calcium Vitamin D Licence holder: Sunshine Biopharma Inc. Dosage Form: Tablet Recommended route of administration: Oral
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