Sirona Biochem Corp V.SBM

GREAT NEWS!!!! ANOTHER 'PRIVATE' PLACEMENT

[bealert]

Who would have guessed that this PP would come so soon???

They should take this 'private placement' and put it somewhere private where the sun don't shine!

They are so bold to announce:  We are pleased, etc. etc.

If I was at this helm, I would say:  We are truly 'ashamed' that we have pyssed away all our money again and come begging like dogs at the table for more suckers to jump on board.

Just watch and mark this statement:  If the PP is filled, the money will be gone in no time again as they have to take care of all the 'payables' that they didn't think we knew about, and the rest will go on exhorbitant wages as well. Or maybe on extravagant trips to France to 'wrap things up'.

These new clowns they brought on board won't even answer my emails.

Nice close today at 10.5 cents.  That will give us comforting assurance for the weekend that our money is in good hands.  After all, we have a very strong bid at the close of 9.5cents for 6,000 shares.

Jerks, jerks and more jerks.

BeAlert

[Pandora]

"general working capital purposes." What is the most common breakdown of this statement? Is it usually or not the payment of executive salaries. Should it not have a more explicit broader scope?

[MirrorWorldMan]

Classic: Howie promises stuff: Dilution follows: No revenue appears: Repeat

[Pareto8020]

And of course this comes out at the end of the day on a Friday.  How many times have they dropped news they don't consider "favourable" late on a Friday - too many times! The biggest impediment to SBM flying high is their boat anchor of a CEO.  Splashes his face across all their websites like we give a F to see his stupid face, has been promising watershed points for

[forhandlaren]

Since Abbvie havn't launched a product yet, potentially triggering a milestone and of course royalty payments down the line, I think this private placement was impossible to avoid. I saw this coming. That said, in terms of capital it's actually conservative. Not sure about the current burn-rate, they have taken Atheln on board which makes it hard to estimate. My guess is that the money

[tylerreddick]

" I think that the warrants is too low priced though. They should have asked for at least 25 cents instead of 15 and 40 to 50 cents instead of 25 to signal confidence. " You have to remember who bought this financing. And actually, the premium on the warrants wasn't as small as previous giveaways. It sucks, but could have been worse. If only Howie had demanded a better up front

[Pareto8020]

Yes, yes and yes! This all goes back to Howard thinking the market would do cartwheels about a deal they released next to no details about and definitely didn't negotiate any meaningful upfront payment.  He even bragged that he convinced the board to take a higher royalty and next to no upfronts.  I even expect the milestone to be next to nothing given Howard's amazing

[biorun]

iF the market had of believed him back then, then a final raise at 50 cents would have been done, and no other downstream financings would likely have been required. Anyone who says he should have walked from the AbbVie negotiations, would need to know that they would probably be sitting unlicensed to this day. Take it or leave it is probably what happened.