Sunshine Biopharma Inc (SBFM)

[TraderAI]

Normally a company issues a share buy back when they have excess cash, a real net profit, and other things that are positive and verifiable.

SBFM raises cash by increasing share structure, issuing warrants and convertible notes that they exchange to shares and sell on the open market. They changed a non convertible note to a convertible and then sold it (dilution).

They’ve been in survival mode. Can’t raise cash or net profits, or stay above $1 by spending over $20m cash and awarding 7.4M shares to the Nora CEO with annual raises and more shares along with 1/2 of their remaining cash on hand months

Nobody believes this company can survive more than a year or so unless they are a long, and the depletion of their cash should be alarming because nothing is coming in.

They can’t dilute, fundraise, get a loan or new institutional investors. Something like 70% sold and left with a net loss.