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Thursday, October 12, 2017 6:35:41 PM
Cannabics (CNBX) is the other Israeli OTC reefer scam stock I have on my OTC reefer scam stock streamer of nearly 170 tickers. The one year charts for CNBX and One World Cannabis Pharma (OWCP) are quite similar. One must be mindful that in October of 2016 if one threw darts at a list of OTC reefer scam stocks and took positions in several all would have been profitable trades -- provided you had the good sense to sell out before they all, except for Amfil (AMFE), hit the skids.
As one can observe in the comparison chart of weekly price and volume results for CNBX and OWCP, the peaks were made in February. The advances, needless to say, are quite impressive.
Although it is conjecture on my part, I have to believe that insiders that sold into those manic periods made many millions, enough millions, I should think, for them to live comfortable and interesting lives for many years.
That said, with that kind of money made on a couple of crummy, full of promise, no cigar OTC reefer related companies, I have to ask, what would be the incentive to continue developing any kind of therapeutic product for what ails you? You're already stinking rich and don't have to work for the rest of your life.
The Nasdaq's third tier, the AMEX can be just as bad, and last but not least, the OTC, it seems, are financial venues that reward failure.
Recent CNBX News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/15/2024 02:58:24 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 09:27:08 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/12/2024 03:13:35 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM