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Bullboard - Stock Discussion Forum Sembiosys Genetics Inc. SBIYF

"SemBioSys Genetics Inc is engaged in developing high-value proteins and oils in plant seeds using its unique proprietary genetic expression and manufacturing technology platforms. The Company has operations in United States and Canada."

GREY:SBIYF - Post Discussion

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Post by 767pilot on Apr 04, 2012 8:39am

Ouch

I had a feeling something was up yesterday after looking at the finanicals and seeing what the cash burn was like, however, I expected to see them raise money and continue onwards.

 

I wonder if this is just a ploy to get smaller shareholders to panic and sell their shares then get a listing on the TSXV ?

 

Then, assuming the Tasly deal wasn't all smoke and mirrors the buyers of the cheap shares would make a huge win once payments start rolling in.

 

It will be interesting to see who the buyer is today.......if it is ANON there is a good chance it is the same person/group that sold millions of shares at 11 to 15 cents.

Comment by JCMarlin on Apr 04, 2012 8:46am
yes lots of bagholders at 12c to 0c soon I am out whatever i can get for my shares before this POS files for chapter 11
Comment by JCMarlin on Apr 04, 2012 8:51am
yes buy at 5.5c great company