Replies to post #2900 on Canopus Biopharma Inc (CBIA)

[PennyMillions852]

Well, something here needs to get the share price up, it’s in the dump.

[Sirpeter]

It's ashame we have to coach these guys

[samroux]

They have no government contracts.

As usual, it seems no one reads the filings. This is the reason for the heavy dilution and need for the raise in authorized;

On September 20, 2023, the Company issued a $1,111,111 USD principal amount convertible promissory note in strategic venture
capital financing from a New York based family office. The funding agreement was marked by the receipt of an initial tranche of
$350,000 USD.

That's an over million dollar convertible debt note. Then there's all the preferred shares they've issued. Raising the A/S has nothing to do with "acquisitions." That's an old refrain of pinkie bag holders. The raise is specifically to create the required headroom for the amount of share conversions needed.

This ticker is in an inescapable toxic debt spiral. The only meaningful revenue has come from the sale of shares. A reverse split will be the only eventual recourse once it's no bid.

[crazy horse 0]

Your post holds important Facts IMO

you guys still dont understand the difference here. A/S increased usually due to Acquisition. restricted then. they are growing, they have revenue and cash on hands. i already sent an email to company when i get response i will share. stop B/S comment when you have no idea what is going on. they can not fuck around with body of government when they have contract in place with them. they can not go to Expert market too. This is a Government contract.