Sirona Biochem Corp V.SBM

Shareprice 35% below pp price

[Turtle4]

0.65
Come on howie, how are you going to get people to take part in the private Placement?

[lscfa]

Asking TSXV approval to reprice?

[forhandlaren]

The current private placement was a great mistake by management. They had already secured cash for another 6 to 7 months by tax returns and loan. Why not wait for some excitment over the new plans kick in? Possibly also an anti-aging deal for a region they won't launch in. I think that potential participants tried to sell shares in order to finance their participation with warrents attached

[tylerreddick]

" I think that potential participants tried to sell shares in order to finance their participation " ==================================== Why do you keep repeating that nonsense. SBM only trades a handful of shares per day, how on earth could someone buying into the PP sell into that simple fact?

[biorun]

Some smaller hands may have in fact done this, but certainly has not had a profound impact. I would say the lower share price is helpful if one wants to take a reasonable risk and double one's money. There is fundamentally nothing different between when we trading at 13-14 cents vs now.  Seen it so many times before play out. Buy low, sell high, that's how money is made on penny

[MirrorWorldMan]

I genuinely think that Howie only needs to produce numbers or even dates for the AbbVie deal. At least provide guidance to when when this dumb company is forecasted to be profitable. Silence perpetuates negative speculation and zero valuations. 

[tylerreddick]

Howie handed total control over the AbbVie in that "wonderful" deal he negotiated, and AbbVie doesn't give a rat's behind whether SBM survives or not. They probably would prefer that we didn't, then they could just steal 1067 from us. So don't expect anything about that for a while yet.

[Pandora]

Someone feeling bad re management may want to have a look at C.CISC and their struggles - starting with an open letter to shareholders on Feb 23 from Hummingboard Capital. It's pretty much all in the bulletin board.