Replies to post #34318 on Sunshine Biopharma Inc (SBFM)

[georgie18]

Yup...The fact that is was filed in an 8K adds to its validity...

[Trade_Trigger]

Sticky this. Must read DD

[stervc]

Deriving the SBFM $1.133 Billion Valuation...

The reason why I posted the $1.133 Billion valuation as such was to add clarification for some who might be a little confused with how the company worded such within the 8-K. I did it like such so that people can see that... $1,133.0 million means to add six zeros past the decimal point after $1,133.0 which means that...

$1,133.0 million = $1,133,000,000 = $1.133 Billion

I think this confusion within the market is why SBFM is still sitting at these levels in my opinion. Here is the post with the 8-K info again for those to view what I am referring:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132476163

v/r
Sterling

[SRV1975]

Excellent Sterling... I put this up as a sticky.

[OCMillionaire]

In regards to the 997 million dollar valuation, MNP, the non affiliated 3rd party member who completed the valuation based on their own research, has over 4000 employees and has quite the history wouldn't you say?



MNP (previously known as Meyers Norris Penny) is one of the largest full-service chartered accountancy and business advisory firms in Canada. MNP's head office is in Calgary, Alberta, and has offices from Vancouver Island to Montreal. With over 4,000 staff, MNP is currently ranked as one of the largest professional service firms in Canada.[2]



Type
Limited Liability Partnership

Industry
Professional Services

Founded
Brandon, Manitoba, Canada (1958)

Founder
Ron Meyers, Dave Norris, Don Penny

Headquarters
715 5th Ave. S.W.,
Calgary, Alberta, Canada


Area served
Canada


Key people
Jason Tuffs (CEO)[1]


Number of employees
4,000 (2013)

Website
mnp.ca

[powerbattles]

Congrats to all SBFM holders.

[skichic]

Great post. Anyone questioning valuation, needs to study it. Read every word of it:) $$$ SBFM $$$$$$

[General Grievous]

So basically the MARKET CAP is around a billion? Seems like they are trying to make it sound like they worth a billion. Penny stocks are hilarious.

[General Grievous]

A company with no revenue, negative operating expenses and a billion shares issued with a year... is suddenly worth over a billion dollars.. lol I can't stop laughing at how ridiculous this is.. and for the people who really believe this I just feel sorry for because those are the people who get taken to the cleaners because they want to believe the story so much they hold on to their shares unknowingly being taken for a ride.. it sucks and it's sad but it's part of the game

[ronpopeil]

bwahahaha. are you kidding me? seriously?