Sirona Biochem Corp V.SBM

CFO just exercised

[biorun]

https://m.canadianinsider.com/node/7?menu_tickersearch=SBM+%7C+Sirona+Biochem

[lscfa]

so did CEO. Date of expiry or maturity: 2022-02-27 Filed 2022-01-19 10:08   Tx date 2022-01-19 $SBM Sirona Biochem Corp. Verrico, Howard Jarman 4 - Director of Issuer, 5 - Senior Officer of Issuer Direct Ownership Warrants 54 - Exercise of warrants $-79,999.84 -499

[BurningMoney5]

is that now a good sign or again a nice trial from the management to create confusion?

[biorun]

Well one spent $80k of their own personal money and the other $40k. Would you do that? Some negative people would say they don't do anything without thinking of themselves, so then again, the logic holds they intend to gain.

[Pandora]

Is that $120,000 into the kitty?

[lscfa]

14 million $0.16 warrants expire Feb 27. ==> $2.24 mil proceeds

[biorun]

If Howard also exercises, with only a 2 cent premium, then that is a smoke signal in my view.

[biorun]

Oops - spoke too soon! https://m.canadianinsider.com/node/7?menu_tickersearch=SBM+%7C+Sirona+Biochem

[lscfa]

2,237,934 warrants exercised over and above 750,000 exercised by CEO and CFO => 2.987 mil x $0.16 = $478,069 cash proceeds.          Effective Date Expiry Date Authorized Shares Issued   18/Jan/2022  

[lscfa]

$ 1 million cash raised since jul 31 qtr end + revenue from R+F....   Effective Date Expiry Date Issued Change   Proceeds 18/Jan/2022   236,000,000 -67,566 $0.16

[biorun]

Looks like another 2 million warrants have been exercised since you posted. Something is driving these holders to secure their shares with a mere 2 cent premium.

[Pandora]

As of 11:59pm ET January 27th, 2022 Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction Volume or Value Price Jan 19/22 Jan 19/22 Verrico, Howard Jarman Direct Ownership Warrants 54 - Exercise of warrants -499,999

[forhandlaren]

The exercise of warrants in January by management represent about three months cash burn, not taking revenue from R+F into account.

[biorun]

I was referring to other warrant holders at 0.16.

[lscfa]

  Effective Date Expiry Date Issued Change   Proceeds 26/Jan/2022   237,992,566 1,992,566 $0.16 $318,811 18/Jan/2022 25

[MirrorWorldMan]

I remember a couple years back in a simliar cash situation when funds were tight, loan payments due with possible good contract news pending, Howie exercised warrants out if the money to keep things afloat. 

[biorun]

There is no apparent issue with cash right now, so situation looks to be a little different. If I was to wage a guess, the warrant holders are exercising because they actually want the stake. I could be wrong, but to me looks more like these people are loading up and they can do so without triggering the market.

[Tickel1st]

This post has been removed in accordance with Community Policy

[biorun]

Unless any announcement is fundamentally sufficient to propell a new platform similar to that of Sernova.