Sunshine Biopharma Inc (SBFM)

[TraderAI]

Except they are likely broke, desperate to stay listed and secure more funding, and have the SEC register these millions in securities (so they can dilute) to raise money. They’ve run into a wall and nobody wants to give them loans for convertible notes which is all they’ve ever done to raise money. They don’t have much of a net profit and SEC won’t let them dump shares as they’ve always done in the past.

They also need FDA approval, patent approval and a green light before stage 1 of a Human Trial. And more mice trials.

The chances of this happening in a few months?

Zero.

They’ve hit a rut. What can they do? Well this guy at Nora has enough shares to probably reverse merge SBFM into Nora Pharma and start all over.

SBFM is tarnished and irreparable.