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A reverse split to lower the O/S was what I was told by Kane...the 850,000,000 million A/S sounds like a R/S, conversion of the warrants means dilution, conversion is Dilution, so its at 242 mill right now, and and they probably issued the 8 mill left in the present A/S of 250 mill, that means they have no money left...so they have to issue more shares....how ever you look at it Conversion=dilution, and a high O/S= r/s.... IMO
(2) Upon approval of the creation of Class A shares, the Company will increase the
authorized Class B common shares to 850 million to allow for and reserve shares for the
conversion of Class A common shares into Class B including the exercise of warrants
into Class A shares and the potential conversion into Class B common shares.
I wonder when they will pull the trigger on the R/S, they don't have any money for FS, and only 8 mill left in A/S from the 250 mill, and about 242 mill O/S.
Calling 2s and 3s minimum this week....IMO
call Robert Kane he told me even though " the reverse split is coming, it doesn't mean the company's won't be good in the long-run" than I laughed and hung up...lol
850,000,000 authorized, Kane told me himself 60-90 days so, I give it another 45-60 days and the RS hits...that's a fact, if the divy's a go, so's the RS, they get amended together.
I agree, in the meantime .0001s coming though, and nothing is said in stone with CBIS...you know better than me.
There are like 2 more filings to make atleast, and they haven't made either..look up the requirements for the CSUIP symbol.
No, the current class gets from authorized 250,000,000 million to 850,000,000 million shares, in other words reverse split, it's on the DEF 14C.
Reverse split is a go, and I think they canceled your dividend...IMO
MMs walk it down to 2s and 3s in the morning, than it's going to skyrocket to about a $1 dollar during "power hour"...JMHO
the reality is there's is no clear market, they are just doing a whole lot of nothing wasting investors money and time doing already performed Research with no results.
But, atleast they were able to help that fellow out, so its not all bad, but bad for shareholders... IMO
Alright, come on be positive, I think it will realistically hit $1.00 tomorrow, and probably a $1.50 by the end of the week....oh yea "IMO"
news flash, it's not new, when Kane and I were on good terms, he already disclosed this stuff to others including me, watch when the biopsy news comes and nothing happens reality will sink in, this stock only runs on paid pumps, last one they paid 8k for...
and the fact is they don't have 40 billion dollar market, and that's absurd, they don't even have .00000001% of that, and how are they going to have rev's when the FDA won't approve anything they make, only thing thats coming is dilution rest of the 250 mill in A/S and a split.. oh yea "IMO"
These PRs have been played out before, they are all fluff....the last 10 PRs are all like the same thing, and has a bunch of grammatical errors.
Call again brother, I bet you there's atleast 1 more for their upcoming pump tip...I just called friday too, and there were more than 1.
2s and 1s first, and than the cliff is near by.
Lol, slander on a shareholder give me a break, Kane is on these boards himself, if this company was such a success I don't think it would monitor petty boards....imo
Lol, and why would I put out private information on a pump board, CBIS already has litigations on it wait until the financials come out...or wait do they even have money for them...lol...a NT coming and 2s this week.
850,000,000 million get issued, watch the steady dilution, I suspect it before the financials are out, and talk to Robert Kane, R/S in 60-90 days...glty
btw. these are facts look at the filings, don't pay no attention to me, I just warned the SEC that Robert Kane just confessed he invests in CBIS for planned pumps and dumps, I'll put out some more information when I get the feedback on Monday from the SEC..
Who said I was the only one to file, I was just helping out doing favors for a few friends..I wonder when the next pump is gonna hit.
It's not a perspective, they are facts bud, watch when the week starts 2s and 1s, and steadily down to .00s, and reverse split and .000s....
When you bombard the SEC database with a few complaints they eventually start paying attention, and what better industry to monitor than busting "POT heads"...lol
I don't know if you know this but, last friday, there were more than 1 complaints filed with SEC...so you do the math...glty
no, I don't think so, I just got feedback friday..i'm "suppose" to keep it lowkey though, that was just a lil taste of what's coming.
looks like a NOSEDIVE is on the horizon...IMO
Here's something to repeat, I just followed up by giving the SEC another tip for paid pump and dumps at the public expense, and in the "Pot" industry pump and dumps don't fly.
Thank you for your correspondence dated July 29, 2011, which has been forwarded to the Office of Investor Education and Advocacy (OIEA).
We appreciate your alerting us to your concerns about Cannabis Science, Inc. OIEA processes many complaints received from individual investors and others. We keep records of the correspondence we receive in a searchable database that SEC staff may make use of in inspections, examinations, and investigations. In addition, some correspondence received by OIEA is referred directly to other SEC offices and divisions for their review.
The SEC conducts its investigations on a confidential and nonpublic basis and neither confirms nor denies the existence of an investigation unless the SEC brings charges against someone involved. We do this to protect the integrity and effectiveness of our investigative process and to preserve the privacy of the individuals and entities involved. As a result, we will be unable to confirm whether an investigation exists or provide you with any updates on the status of your complaint or of any pending SEC investigation. Information on our policy is enclosed. You may wish to check our website, www.sec.gov, for information about pending SEC civil actions, administrative cases, and other matters.
If you have any questions, please contact me.
Sincerely,
Robert Greene
Attorney
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission
(202) 551-6331
www.sec.gov
.00s coming, this is a sinking ship..IMO
reverse split, huge losses on the horrendous 10-k, no dividend, no funds, fluffy half-baked prs, 8k paid to try and pump the pps fail, 9,000,000 million more in dilution, 850,000,000 million amended in A/S with more dilution, no revenues, SEC tips on inside buying/selling, 3rd party tips...
Bro, why would I buy this when its going to .0001 after the R/S, you do know the R/S and more dilution is coming right?
btw. Hope you made out well...
I ran into CBIS hQ's a few days ago.
I saw the intense planning and convos taking place between robert Kane and Sheriff BOB
good to see you gomez, did you catch CBIS's latest pump stunts?
CBIS net operating losses (NOL) since 2005 were $64,526,886. That is not debt. Not even close. That is the accumulation of losses since CBIS inception.
This is huge balony NOL can only be carried back and forward for 2 years and 20 years, this won't even be in business to reap the rewards for the tax benefits.
lol, if I remember correctly it tanked to 1s before .00s...
When the 850,000,000 goes through to pay petty debts why do people think the PPS will increase...lol
Reverse Split hits, this thing is tanking, if that doesn't do then the SEC will.
Net operating loss of $1.5 million, probably way more now, what makes you think they even have a market, they don't have money for financials, this was just a pump to dump before the R/S 850,000,000 million will be amended if the divy even goes through, and PPS will be .000s.
PROFITABILITY (TTM)
Gross Margin --
Operating Margin -12,207.65%
EBITDA Margin -5,396.07%
Net Profit Margin -12,166.01%
As indicated by the Operating Margin, 95% of CBIS's peers are able to control costs and expenses better.
SHAREHOLDER EQUITY
Shares Outstanding 241.9 M
Institutional Ownership 0.00%
Number of Floating Shares 224.8 M
Short Interest as % of Float -
Note the bold that's a reverse split that will happen with the DIVY bud...when it gets amended together with the DEF-14C
We are currently authorized by our Certificate of Incorporation to issue
250,000,000 shares of common stock, $0.001 par value per share and 1,000,000
shares of preferred stock, $0.001 par value per share. Pursuant to the
Amendment we will increase the authorized shares and reclassify our common
stock so that we can issue 850,000,000 shares of Class B common stock (our
current class), 100,000,000 shares of Class A common stock (our new class) and
1,000,000 shares of preferred stock.
look at the financials and my personal convo with Kane 60 days away...reverse split.
Reverse split will probably hit them hard, if the reserved shares don't coming off restriction. They will file for the amendment soon 1,000,000,000 billion in Authorized, and bunch of dilution, and they don't have any money for FS, audits, dividend, and they are talking about campaigning FDA trials...its a joke. Dividend will leave the current class flat into .000s...tragic..this is like 360 days away.
Cannabis Science is currently assessing market makers for the required 15c211 filing for the new class of shares to commence trading. The 15c211 filing is one of the many steps required to issue and commence trading with the new class of shares to be issued from the dividend including a new CUSIP number and new trading symbol.
I assume nobody Knows About the R/S that was proposed in 60 days here...lol
141,000,000 dilution and going...since 2011
R/S still happenining..JMHO