Sunshine Biopharma Inc (SBFM) Share Price

.345

Great shorting

Back to dropping again

Cash balance ??????

Wow .28

Up 0.07 maybe reversal ???????

Interesting company

Must be short covering day, taking gains….

Someone posted delist ??????

Management boo

Dropping like crazy

SBFM needs to unwind all the crap deals they did with Aegis to include giving them back their money and canceling 33 Million shares!

Then, they need to get something done with their drug development pipeline.

I know this is a pipedream, but seems to be the only way to fix their mess.

Friday (6/14/2024) is when SBFM had to respond (in writing) to Nasdaq about the additional listing concerns (aka additional deficiency) related to the "alternate cashless exercise" of the Series A Warrants." SBFM needed to present their views about this concern.

So, did they respond? If so, what was the response? Now we wait for a decision on delisting?

From the 6/7/24 8K filing: "The letter has no immediate effect on the listing of the Company’s common stock. The letter serves as a formal notification that the Nasdaq Hearings Panel (the “Panel”) will consider this matter in their decision regarding the Company’s continued listing on The Nasdaq Capital Market. In that regard, the letter states that the Company should present its views with respect to this additional deficiency to the Panel in writing no later than June 14, 2024."

Whas this a reseller , speculating

Millions in cash

Up 0.0955

Thanks very much!

A similar thing was done in another stock I invested in; it is good to see NASDAQ’s view of such activity.

The Nasdaq concern is in the June 7th filing by SBFM (link below) in the first paragraph on page 2.

https://sunshinebiopharma.com/wp-content/uploads/SBFM_8K_20240607.pdf

Any link to that finding?

TIA

Pre delisting pump
Take the opportunity !

My guess is delisting

Company was either complicit in
Making such a ridiculous deal or incompetent

Any recourse against SBFM and/or Aegis given Nasdaq has concerns about what they did, or is the outcome just delisting?

Post RS price was $6.80

OS increased 33x

$6.80 / 33 = .206

Its higher than post RS when you factor in the dilution

So, do you think the dilution is priced in here?

$SBFM cashless warrants done

https://dilutiontracker.com/app/search/SBFM?a=ed4623

New float 33.63m

33x post RS OS 🤮 and company did not get a penny

Pathetic management…

Aegis was in a hurry to dump all there remaining cashless warrants before delisting

Fucken crooks…

“5/20/2024, 3:46:30 PM 19m os update, 14.7m cashless warrants remaining”

“As of June 11, 2024, all of the Series A Warrants issued by Sunshine Biopharma, Inc. on February 15, 2024, have been exercised.”

https://www.otcmarkets.com/filing/html?id=17613198&guid=8eQ-keuhhSNAB3h

SBFM is definitely acting like a penny stock and thus belongs back on the OTC after they give back the $18M+ they still have from the bad Aegis deals. Once they are back on the OTC, perhaps they can get back to at least 99 cents!

SBFM new 52 week low

Agreed

Hopefully the SEC gets involved now and makes SBFM management return the millions to shareholders that they made off of all these bad deals with Aegis!

Not good at all….

SBFM new 52 week low

The management team of this company needs to be potentially jailed

Slight of hand.Remember this is a Aegis Capital funding scheme.It never ends well for share holders or the companies that seek funding from them.Good luck and good trading.

I missed the point of your reference to Florida when I first read it because I wasn't tracking the move, but now I see Florida is their new HQ on the SBFM website.

Another interesting development given they were only HQ'd in NYC for a few months (PR'd 12/04/23: https://sunshinebiopharma.com/assets/press/20231204_SBFM_Press%20Release_Change%20of%20Headquarters.pdf).

I wonder why they didn't PR the Florida move?

I’ll buy back in when it’s below a penny and they come out with their next scheme.

🍿 🍿 🍿 🍿
😄 🤣

https://stocktwits.com/CashTraders/message/575907471

I mean delisted

Getting interesting

Not much volume

How do you know

It was shocking to say the least. We knew the math did not add up...We saw the math "error", and was shocked, but upon further inspection, we saw the clause that allowed for it, making it "legal". If it was just the new Accounting firm's "typo" mistake, and not reality, the SEC will uncover that, they can file an Amendment, and everything should be fine, perhaps even get the share price up to its $25 to 260/sh value. If not, and it is some "trickery", or if a Hostile Takeover was imminent (Brand "T" was mentioned in online forums), and they were forced to, or something else entirely no one knows---I hope we find out the truth this week. If it was just an accounting error "typo", and can be fixed, things should go back to normal, and even improve. If it was evil deception, just for profit not desperately needed, then I hope they get delisted. We contacted them many times over the past 3 week with no response AT ALL. Not a good look if you were innocent. If they did, we would have been able to fix the error and refile in plenty of time...We didn't read too much into it because of the move to Florida, to get the drugs sold there, which is now legal in FL... and that may be the case, but maybe not. I hope we learn the truth.

Why do people buy shares in garbage stocks?

This scam's been obvious for years, but "ignored" by scam pumpers. Never should have been allowed on NASDAQ.

In progress

$SBFM

100x for Aegis WTF

https://www.otcmarkets.com/filing/html?id=17607215&guid=jWQ-keiLHwvuahh

How does Aegis get away with this kind of shit

Small Cap RS’s don’t have these type of clauses ?

Is management complicit or just plain stupid ?

“As set forth in the letter, a reverse stock split has the effect of increasing the stock price by proportionally consolidating the outstanding shares; however, the number of shares issuable to Series A warrant holders under the “alternative cashless exercise” provision were not so consolidated. As such, shareholders of the Company were substantially diluted, while the holders of the Series A warrants were enriched one-hundred fold. Moreover, in the event the Company effects another reverse stock split, the shareholders of the Company will be diluted even further to the benefit of the Series A warrant holders.”

$SBFM will likely return to where they uplisted from a few years back (OTC)

They have done nothing but destroy shareholder value since their existence in the OTC with 4 RS’s

They will likely see the same faith as $BETS which got delisted and trades as $BETSF in the OTC for the same “cashless warrant” fiasco

Many were warned of this possibility which has now materialized

Aegis should be banned for creating these type of toxic deals in the first place

If the management was aware of the effect of these cashless warrants it makes them both complicit and shows their total disregard for shareholders.

Take any pops that come…

Trading will be volatile this coming week in both directions

Here is a past OTC filing from this company
https://www.otcmarkets.com/otcapi/company/financial-report/277951/content

Yep

Interesting info in those posts. If this part (pasted below) happens then should be interesting as to what happens to the PPS:

"An unappreciated BULLISH outcome is that Nasdaq will NOT allow further reverse splits, which I predicted and called as the (only) real bear case cuz it'd allow continuation of dilution and exercise price manipulation. That fear has now been eliminated.

If company wants to stay listed on Nasdaq, those warrant terms must be scrapped and I think related dilution will also be remediated, such as canceling those warrants and warrant shares. "

🤔
https://stocktwits.com/Invartis/message/575849616

https://stocktwits.com/wavw/message/575860538

Take a look at today's AH drop and the SBFM filing today. Does this change your opinion? Is it legal how they did the Series A warrants issued in February 2024?