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It depends on three things:
1. They can obtain funding for a Phase 3 clinical trial of GeneRx.
2. They get a favorable outcome and FDA approval of the drug.
3. They can attract a Big Pharma company to purchase the drug.
I doubt that this company's shares will ever trade again. Instead, CRXM will likely implement an exit strategy for its shareholders based on the above, where the shareholders receive a portion of the proceeds based on any sale of GeneRx.
As I have often said, shareholders should view this as an investment in a private company.
Murray Fleming is a visionary CEO. He had the idea for fiber products years ago.
https://www.wsj.com/health/wellness/fiber-supplement-gut-health-metamucil-547b7a28
Where did you see/hear this? Do you have a link?
Once they get their filings current, the warning will disappear.
No formal name change has been made, according to FINRA filings.
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Where are you getting this information?
It doesn't take a rocket scientist to see what is happening here. The chart speaks volumes. It's time to admit that we were wrong on this one. Assuming that CBMJ does bounce back from here, it isn't going to happen quickly. Too much technical damage has been done to the stock to expect a quick recovery in price. As for making new highs, we don't see that happening anytime soon, if ever.
Looking at the stock price today, we would have to disagree with you. This stock has gotten clobbered and is now down over 80% from the high of $1.85 reached just 31 trading days ago. It has to be one of the ugliest charts we have ever seen.
https://www.stockscores.com/charts/charts/?ticker=cbmj
Nothing supports his opinion. He’s just another clown with an agenda.
If you want to see those sitting on the bid move up, just slap the ask a few times. Level 2 is wound as tight as a coiled spring, so it wouldn't take much to get them to raise their bids. Once CBMJ moves, it moves fast. FOMO is a big motivator.
That's probably due to the shares issued as part of a capital raise in late February. Here is the Form D filing. https://www.otcmarkets.com/filing/html?id=17312299&guid=C3d-kpE91wv_B3h
Let's see. Your account was created yesterday, and you have only two posts. Hmmmmm. If that isn't a red flag, we don't know what is. You've got no credibility here. Take your drive-by scare tactics over to another board.
The best scenario would be for the shares to finish today at or above the closing price on Wednesday of $1.78. If enough buyers show up near the close, we have a chance of seeing that happen. Put on your rally caps.
The sellers from yesterday are getting whipsawed. That was one heck of a head fake.
Watching these guys try to get back in is almost as good as watching a short-covering rally. LOL.
Look for volatility to pick up from here.
Even better, the float is only around 6.2 million shares.
https://www.otcmarkets.com/stock/CBMJ/security
That is an outdated description of CBMJ. There is no mention of Patriot TV, which will be a huge revenue generator for the company. This alert from Investors Observer will wear off in a few days and lose its negative effect on the stock. We have been buying shares all day long. We view this as a gift to pick up shares in a low-float stock at bargain prices.
THIS IS WORTH A L@@K !!!!!
https://i.postimg.cc/bwTVXXbK/DWAC-vs-CBMJ-30-Day-Chart-3-5-2024.jpg
THIS IS WORTH A L@@K !!!!!
https://i.postimg.cc/bwTVXXbK/DWAC-vs-CBMJ-30-Day-Chart-3-5-2024.jpg
DWAC sympathy stock up 600% in the past 30 days
https://www.stockscores.com/charts/charts/?ticker=cbmj
DWAC sympathy stock up 600% in the past 30 days
https://www.stockscores.com/charts/charts/?ticker=cbmj
L@@K AT THIS CHART
https://www.stockscores.com/charts/charts/?ticker=cbmj
L@@K AT THIS CHART !!!!!
https://www.stockscores.com/charts/charts/?ticker=cbmj
We believe that there are bigger and better things yet to come.
Interestingly, nobody has paid much attention to our other sleepy little stock with huge potential.
Those numbers are a bit dated. They are for the period ending 9/30/2023. We are more interested in the FY 2023 numbers ending 12/31/2023.
We expect to see much higher revenues beginning in Q2 2024.
Where did you obtain this information? Can you post a link? Thanks.
It is always helpful if you also post a link to their website.
https://www.barchart.com/stocks/quotes/CBMJ/opinion