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jim992

10/03/17 9:20 AM

#2364 RE: Midnightmatt #2363

This should be a sticky. I cannot figure out how this company is accomplishing so much and is staying so low. ?????

I-Glow

10/12/17 12:52 PM

#2373 RE: Midnightmatt #2363

Have you read the financials?

In the last 10-Q the revenue is only $1,571.

How is it that a pharmaceutical company only spends $68,172 on R&D for the quarter.

For the 9 months ending on May 31, 2017 we find:

"Net cash provided by financing activities = $3,782,356"

The we find:

"Proceeds from sale of common stock = $3,858,980"

"On January 5, 2017, the Company issued 5,055,334 shares to 13 investors at $.09 per share for a total of $449,573. Also on January 5, 2017, the Company issued 1,800,000 shares to 7 individuals who exercised their previous Warrant Rights at $.03 per share for a total of $54,000."

The company is being very generous to insiders.

I also noticed in the Assets that the company doesn't have any IP listed as a asset on the Balance Sheet.

IG

I-Glow

10/12/17 12:59 PM

#2374 RE: Midnightmatt #2363

Does CNBX own any patents?

Also Insider Financial is a penny stock pumping website so I would be careful about the information from the article you linked to.

IG