SBFM looked (and still looks) scammy, like they did and offering/RS/uplist solely to get a huge pile of cash to pay themselves salaries and never do anything. That's what CUBT's first bunch of S-1/A's looked like, they weren't committing to do anything with the money in the "Use of proceeds" section except pay off that loan they got to fund the document prep and then pay their G & A. Since that got changed after the offering bombed to show what they how they were going to spend the funding (which, of course, showed they wouldn't have enough for any significant progress and would have to sell more stock), I think that was the main issue with the underwriter's clients and failure to sell the offering.
Be that as it may, they haven't said jack about it, whether they're working on it, abandoned it, not a peep, and they didn't have any real cash to advance any of their product developments. Surprised the shareholders aren't beating down their doors, not that it would do any good.
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