Sirona Biochem Corp V.SBM

New Press Release - Sirona Biochem Initiates Private Placement

VANCOUVER, British Columbia, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Sirona Biochem Corp. (TSX-V:SBM) (FSE: ZSB) (OTC: SRBCF) (the "Company") is pleased to announce a non-brokered private placement of up to 10,000,000 units of the Company at a price of $0.10 CAD per Unit (a "Unit") for gross proceeds...read article.

[tylerreddick]

At least the warrants have a bit of a premium. But the fact they had to do yet another financing because Howie keeps giving our products away makes me want to vomit. What a useless waste of skin.

[lscfa]

Co should have never done the convertible debenture financing.  The conversion into units is at $0.10 with the warrants exercisable at $0.15. As long as debenture holders can earn interest income they will not convert, especially when the interest income is paid out with shares at 25% discount of prevailing market price.

[tylerreddick]

You forget that Howie took a third of that sweetheart debenture deal, but never offered it to us.

[JL202101]

Howie and his gang keep putting money to the company. Does it mean they have confidence on the company? They are so greedy to grab the shares at the price as low as possible.

[biorun]

Hair is on fire here about everything. First question is follow the money. If in fact they are grabbing shares here, that should tell us more than what they say.  Behavior counts. I am relieved they have some funds to get to their finish line. May not seem like good news to many here, but for me, it has always been about giving Geraldine's science the very best opportunity to make us

[tylerreddick]

" I am relieved they have some funds to get to their finish line. " Do you really think this is the last financing? The "finish line" is a ways off yet pal.