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Well, that’s hard to say, however the indicators are present, the ties are there, not ready to yell fire, as in where there is smoke there’s fire, but I do think that’s a nice find and worth watching it play out. Follow thru is what we need.
The golden cross was in late FEB. What's setting up now is the death cross, June, July time frame.
It’s nice that Comer is doing the push but it still seems like a game of hot potato. FDA claims they need help from congress, congress says your job FDA is to make it happen. So, they will get the documents to review, which is exactly what the FDA wanted them to do. In regards to the final framework of this issue, it’s a mix for me, believe it when I see it, be careful what you wish for. We’ll see how far and fast they will do all that. In any event there is going to be a debate on it all.
New products are nice to see, dialing them in for athletes is a nice new hook. I think the MLB will be a bigger thing {over time} than some think. More credit should be given for what it represents, a new pathway
Regarding the big news today. Hard to believe you missed it. 787-million-dollar check. Now they can proceed with all those individual cases.
About time.
And the band played on.
Looks like a reaction from the news. Nice to see a little life.
Wolfdog said: The CVSI shares are available for the asking YQU NOW Understand. Also the Bottom has been promulgated YQU might understand with a Dictionary YQU Understand. Have Mercy Have Partnerships Have Faith WISE WQLF Ahooooooo
And the band played on .
Fast pace. 2 hr’s in already $70 in total trades, 8 trades total $8.75 per trade.
Yep, thanks to that 4 dollar last trade it's rolling. In fact $566 in total trades for the day!
And the band played on .
about 15 min to go. $387 in trades today. 18 trades avg $21 each
And the band played on
4 hr's in $355 traded dollars on 11 trades.
And the band played on .
Correction The company used 700 PS. They have 9,999,300 left to use. The preferred share {1} is equal to 170,000 common share votes, and again they used 700 of those P/S up for the last ASM. And they were used to get the 600 million share and rev. split authorized.
Well, we need to have a quick correction in your post.
"I wouldn’t be worried about the 34 million employee options incentive shares…. It will be spread out over a ten year period"
Yes 400,000,000 will be spread out over 10 years at a rate of 34 million first year, next year 34 mil plus 4 percent, and so on, and so on . Wolfy also said "The shares that were utilized for the Reverse Split Proposal and increase of Authorized Shares were limited to those two PROPOSALS ONLY. There has not been no amendment on record to change that agreement, Therefore, the 2023 ESOP PLAN Proposal could be voted down by a majority vote" unless of course they use some more of those preferred share. They used 700 . They have 9300 more to go.
And the band played on
I wouldn’t be worried about the 34 million dilution right now.. They have to be close to being out of money right now. The question than is how far are they to go in debt before BK?
Banter aside then. I don't believe can do the deal at this stage. If they would have gone private earlier {1 yr. +] they would have been in a stronger position. But what we have coming economy wise, and market wise, takes that off the table.IMO
$1801 in total trades today. At least somebody found a way to buy some. Only 1 at bid however.
They are closed at this time . But it might be worth giving them a call. I do have some questions. Especially after I read they do bogus studies.reported by Thomas
http://coralreeflabs.com/
Well have you thought it out here. I was thinking they could take this private a while back. But after looking at the numbers, I now think they would be better off just having te shareholders pay they're way. Course they will have to find a way to promote more shareholders to buy in to all of this, but you never know.
Well I have to agree here. Dr.Joong J Fang reported difficult time buying shares that are not available.
I’ll add I find it impossible to buy shares in this one. Just can’t be done, not on this one, no way!
Yep, I once called this the Hotel California of stocks. You may lose interest, but you can never leave.
I some how missed this from earlier the month. Just a FYI
NextEvo Naturals recently released results from a third-party study on 16 CBD products that were allegedly randomly selected for the research. The brand commissioned Coral Reef Labs to conduct this study and test label claims including the potency of each product. In this study, one of CV Sciences’ (OTCQB: CVSI) products was “randomly” chosen and found to fail the test, reporting that its potency was 9mg of CBD rather than the 10mg claimed on the label.
The company quickly issued a commentary on the study, questioning the veracity of the report.
"There are a variety of issues with this study and the debasing claims against CV Sciences’ products. To start, NextEvo claims to have randomly selected 16 CBD products from the shelves of randomly selected grocery store and supplement store chains in Eastern Pennsylvania, conveniently choosing selections from some of the leading brands on the market, including one from CV Sciences and two from Charlotte’s Web (OTCQX: CWBHF), two of which 'failed' the test while all three NextEvo products 'passed,'" the company said.
What About Certification?
CV Sciences further called into question the credibility of the new testing laboratory - Coral Reef Labs, claiming it lacks "commonly recognized ISO-17025 certification that enables laboratories to show they operate competently and generate valid, reliable results. Thanks to a lack of standardized regulations across the board, methods in testing can be highly variable between brands, to begin with—the fact that this facility is not fully certified only adds more uncertainty to the “research” that they have produced."
A good thing? A “positive development”, sure, sure. 600 million share to dilute with, positive, the up to 400 to 1 rev split, positive, losing money, positive, falling sales y/y, positive it’s all good.
After 4 hr. of trading today. $260 in trades, positive.
All is well!
And the band played on
I see in your post regarding those patents, "We believe this program and asset have significant value and while we have paused development of this program internally"
When do you think they will unpause?
With in a year or two how long do you think it will be before they can get that patent thru phase 1 2 3?
No question. It can only be viewed as a negative. It only weakens the company with no benefit to the company, only management.
Well, first you are absolutely right on the 600 million dilution. It was put in to be used and to help the company.
“Proposal 2: To approve an amendment to our Charter to increase the number of shares of capital stock authorized for issuance thereunder from 200,000,000 shares to 800,000,000 shares, and the number of shares of Common Stock authorized for issuance thereunder from 190,000,000 shares to 790,000,000 shares.”
Then they bought in those preferred shares to control the vote and there we have it.
IMO that is where they decided to go against the shareholders and have taken a very dim view ever since.
However, this new dilution process of 34 million shares plus 4 percent more year after year for 10 years is only for the management, doesn’t help the company at all. Now that doesn’t mean they won’t dilute past that listed and help the company as well, nor does it mean they won’t increase the dilution to something well beyond the 800 million.
So, to your point, you are correct. However, I don’t think anybody thought, or even dreamed they would pull this action to benefit only management, not the company, when they pasted that 600 million {IMO RIGGED VOTE].
I never saw this coming, too much gall for my thought process to work with, I guess. IMO
Ok some good news.
5 Years ago, the high was 9.20
3 years ago, the high was 1.27
1 year ago, the high was 0.10
So, you see they have slowed the losses down. Right now, a little under 0.05.
The most they can lose is a little less than that 0.05. So, you know the pps will not be any worse than 0.000.
You see they’re stopping the rate of change, it maybe by default, but a win’s a win.
The good news, the most you can lose is less than a nickel a share!!!
And the band played on.
Think we have a hollow shell going on here. We'll see.
Good one. I'm guessing it's closer to the truth than we think.
Well it can't hurt.
45min in $2.25 in trades so far. LOL.
Actually, it’s the company thats the failure and the track record PROVES it. Good luck with that first year 34 million shares dilution to the management. The company gets nothing from that which it deserves.
Up 50 percent for the year, good time to take the profits while you still can. IMO
And once again a thank you for that last trade of 4.50 cents at the end of the day to get that push up.
Agree, they still try and promote the window dressing, but they have few tools to do it.
Well, IMO it would have made it there regardless.
The main thing to remember on those 34 million shares plus 4 percent year over year for 10 years is it’s not going to the company. It’s coming from the company thru dilution to those individuals that manage the company. The company itself gets nothing. IMO, they have managed to turn the company into their own private bank thru dilution at the cost of the shareholders.
Another thing to remember, those shares once released will be out there, they will be in somebody’s account somewhere {company doesn’t do buybacks} rotating between buyer and seller while being diluted 20 percent a year. All IMO.
Many thanks for the buyer at the end of the day. Got the price up from 0.044 to 0.048. $24 trade!
Just a quick thought, how in the hell do they plan on keeping this company in business for 10 years. I'd be worried about 9 mo's. Anyway it should get the ole volume up I would say.
ahhh, that depends on what your trying to learn, doesn't it.
14A is out . some highlights. It is interesting on how they will do this 10 year dilution, anyway-= Initially, 34,976,000 shares of the Company’s common stock will be authorized under the 2023 Plan. The number of shares of the Company’s common stock authorized for issuance under the 2023 Plan shall automatically increase on January 1 of each fiscal year (for a period of ten years after adoption of the 2023 Plan) during the term of the 2023 Plan, commencing on January 1, 2024, to the least of (a) four percent (4%) of the total number of shares of the Company's Common Stock outstanding on December 31st of the prior year, and (b) a lesser number of Common Stock determined by the Board.
The maximum term of stock options issued under the 2023 Plan is 10 years, except that in certain cases (see “Eligibility” above) the maximum term of certain incentive stock options is five years. Stock options under the 2023 Plan will terminate on that date specified in the relevant option agreement after termination of the participant’s service (provided that in the case of an Incentive Stock Option, such period may not exceed three months), unless (i) such termination is due to the participant’s disability, in which case the option may, but need not, provide that it may be exercised (to the extent the option was exercisable at the time of the termination of service) at any time within six months of such termination; (ii) the participant dies before the participant’s service has terminated, or within three months after termination of such service, in which case the option may, but need not, provide that it may be exercised (to the extent the option was exercisable at the time of the participant’s death) within 12 months of the participant’s death by the person or persons to whom the rights to such option pass by will or by the laws of descent and distribution; or (iii) the option by its terms specifically provides otherwise. If an optionee’s service with the Company, or any affiliate of the Company, ceases with cause, the option will terminate at the time the optionee’s service ceases. In no event may an option be exercised after its expiration date.
The base salaries of all executive officers are reviewed annually and adjusted when our Board or its Compensation Committee determines an adjustment is appropriate. For fiscal year 2022, the annual base salaries for our named executive officers were as follows: Mr. Dowling - $525,000 through September 30, 2022 and $300,000 starting on October 1, 2022, and Mr. Grasser - $350,000 through September 30, 2022 and $235,000 starting on October 1, 2022. We have employment agreements in place with Mr. Dowling and Mr. Grasser, as described below.
Under the terms of the CEO Agreement, Mr. Dowling is also entitled to receive annual bonuses based on the Company’s performance and/or Mr. Dowling’s performance. If certain performance goals are met, Mr. Dowling would be entitled to receive 50% of his then effective base salary, provided, however, that the payment and amount of such bonus shall be in the sole discretion of the Company’s Board. The Company may also propose new performance goals for purposes of determining additional annual bonuses payable to Mr. Dowling. Mr. Dowling shall also be eligible to participate in the Company’s equity, compensation, and incentive plans as are generally made available to the Company’s management executives, and may be eligible to receive incentive stock options or other stock awards under the Company’s Plan.
3 hr mark. $604 in trades. Smoking!
US Small Businesses Stare Down Worst Credit Crunch In Decades. But no matter as cvsi now claims to be cash flow positive.
All is well.
And the band played on.