RE:Tinyi Agreement? All these bloody small cap co.s are the same. They make announcements about developments that they deem "material" but when those developments fall through (which is also material) there is no announcement. Just dead silence. e.g. To my knowledge, the cancellation of Obagi deal was never disclosed.
Pareto8020 wrote: "Oct 2019 signed binding term sheet with cosmetic distributor Tinyi Trading
Co for distribution rights of TFC 1067 in Asia"
I wonder just how "binding" this agreement is? You would think there would have been time frames specified within the agreement to reach its conclusion. With a year and half gone by you'd imagine it would be null and void or at a minimum there would be financial penalties associated for not closing the transaction. Very well could have been and it just hasn't been disclosed. In the past things have gone by the wayside and SBM hasn't provide details or spoke of them every again such as the Bloom Burton anti-inflam project.
Hopefully the SGLT2 Pets news lands soon as that could be a real company maker all on its own. Couple that with the 4% skin ligtener and SLGT2 clinical trials concluding anytime in Q1 and the first half of 2021 (+ CURE actually promoting these events) could be a real wild ride for SBM.