Replies to post #70823 on Sunshine Biopharma Inc (SBFM)

[roytoy6969]

Basically, yes. RBC charged a fee of $2 million dollars-paid upfront for a $2 million dollar loan. If SBFM only gave RBC the $.30 per share value for financing, company could actually have something. But they gave RBC $2 million dollars worth of shares for a $122K note.