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Bullboard - Stock Discussion Forum Sirona Biochem Corp V.SBM

Alternate Symbol(s):  SRBCF

Sirona Biochem Corp. is a cosmetic ingredient and drug discovery company with a proprietary technology platform developed at its laboratory facility in France with a specialization in the stabilization of carbohydrate molecules. The Company is exploring the areas of diabetes, dyschromia, anti-aging, anti-cellulite and antiviral therapies and relies on a business model of licensing patents to... see more

TSXV:SBM - Post Discussion

Sirona Biochem Corp > Is Sirona a strong buy or a scam?
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Post by Transperance on Jan 05, 2023 10:20am

Is Sirona a strong buy or a scam?

When I made my investment in this company many years ago, my assessment was that the 1067 deal would be the ten-bagger, lifting the share-price. I looked forward to the closure of the 1067-deal for so many years. With great patience. Looking at how the company have been managed over the years, I am truly disappointed.

Today, I have many concerns. Are the statements from the company established out of incompetence or are management deliberately deceptive?

As mentioned earlier, the statements out of the June 15, 2022 News Release are not complied with.

But there are also a number of company statements provided earlier that have not been complied with.

For the shareholders, no visible business value has been created by management. The share price is trading at history lows and still, management is providing themselves with options, diluting the value of our holdings. This is a greedy behaviour when no visible business value is created to the shareholders from management. A successful management may grant themselves options, but not an unsuccessful one.  

Why are we not provided with figures from the 1067-deal? Other Biotech companies that enter into deals with Abbvie and other Majors make the financial figures public, so why not Sirona?

Well, maybe it was agreed that a minor part of the up-front payment was to be transferred to Sirona and the major part of the up-front payment be transferred to the personal account of the CEO? My view is that HV, as founder, chairman and CEO, views himself very much as the Sirona alter ego.

Once again, strong buy or scam? At this point, I really don’t know.

In Europe, the shareholders are a prioritised stakeholder that are informed at all time, by this company, not so much. Why do the Sirona hold the figures to themselves? What are management ashamed of?
Comment by SironaInvestor on Jan 05, 2023 2:46pm
Please join the Q&A if Sirona still intend to host it in the next couple of weeks. You should raise all your concerns!! We all thought that the Allergan deal will lead the share price above the Dollar range, but the opposite happened. My biggest hope was that the company actively seek after a new CEO , but it looks like that HV is sticking into this role. So frustrating.
Comment by biorun on Jan 05, 2023 4:03pm
if the price had shot up and those warrants exercised in the 50 cent range, my sense is there would have been enough reserves to hire a new ceo right away, so Howard is what we got so far, at least until they get the next deal locked in. the odd thing we need to all think about is what led them to believe that the price would be so high? What do they know that we don't is what I have been ...more  
Comment by SironaInvestor on Jan 06, 2023 12:57am
Biorun, will you join the Q&A in a couple of weeks? 
Comment by biorun on Jan 06, 2023 8:52am
of course 
Comment by Engcan77 on Jan 06, 2023 12:20pm
i was part of a Q&A a few years back. Not many shareholders bothered to participate.  What i remember, it was a waste of time. All the predicted answers given to questions, with no substance. I hope more get involved with this one, and we can get something out of it. We shall see. 
Comment by SironaInvestor on Jan 06, 2023 1:55pm
Just to say: Sirona Biochem Initiates Significant Corporate Changes   JUNE 15TH, 2022 -->  The Board has begun a strategic review of every facet of the company including management --> We will seek institutional analysis and investment in Canada, USA and EU and improve our visibility to our current investors. --> Up listing remains a goal of Sirona and we ...more  
Comment by PeterG on Jan 06, 2023 2:04pm
Guys, let's see how the Antiaging study will go. Hopefully end of march we know more. I can't believe that we will see any substantial deals or announcements before. 
Comment by navajojoe on Jan 06, 2023 8:45pm
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