Cannabis Science Inc (fka CBIS)

[Homebrew]

Here's realistic non-fluff analysis of CBIS:

"..One of the dividends was promised so long ago that its record date is December 31, 2010, while the newer one had a record date of October 9, 2015. The latest update about the progress of the dividends is from January 11 when CBIS announced that it is working with FINRA to get them approved.

Unfortunately this is just the start of the red flags surrounding CBIS. The company's financial state is beyond abysmal - as of September 30, 2015, it had:

• $4791 cash
• $138 thousand total current assets
• $5.1 million total current liabilities
• $4150 revenue
• $3.9 million net loss

The common stock has been diluted continuously and as of November 30 there were over 1.4 billion outstanding shares out of the 3 billion authorized. Investors have to also factor in the millions upon millions of shares issued to the officers and directors of the company. Not to mention the insider selling of stock.

CBIS simply demands the use of caution. Any trades involving the stock should be preceded by thorough due diligence. "

https://www.hotstocked.com/article/92566/new-record-lows-for-cannabis-science-inc.html#