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He sounds like trump; “final isn’t final”. Similar to “what you see and hear aren’t what’s happening” or Rudy Guiliani “the truth is not the truth”.: what do you expect him to say? Our one former patent pending is worthless and we AGAIN didn’t state a material fact?
You’re actually comparing Gilead, J&J and Celgene with CVSI? Those are 100 billion dollar market cap big board companies with multiple patents for accepted medications prescribed every day in every country in the world. Not a pinky CBD wannabe with a “founder emeritus” who lost his CPA License and his ability to hold any position in a public company. Instead of being upset you lost some money why not learn from your mistakes and stop calling those of us who called it right “bashers”. It says more about you then it does anyone else.
Therein lies the facts and the problem. If he just would have stepped aside WITH his son this thing might have a pump or 2 left in it. After spending days shopping for the product and continually being told “we have that brand but it’s more then twice as much as others”, and knowing the history of the players, I don’t trust the sales either. I told you that Jefra months ago. You can’t play the OTC on technical analysis without factoring in the lower reporting standards. Particularly from a fraudster who’s been caught three times. How many times hasn’t he been caught?. He owns 17,000.000 shares giving him 18.4% control. However like trump a narcissist can’t control their disorder even at their own peril. If he would have stepped aside it might have kept running and he could have turned those shares into 150 million dollars or more.
N E V E R
I’m out. Made 1/4 mil and sitting on the sidelines. Good luck with the 4 class action suits now ongoing.
Either your uninformed, hard headed or ignorant.
Both these cases are ongoing, the bigger of the two is case number 1:14-cv-02900, in the U.S. District Court for the Southern District of New York in front of a Federal Circuit Court Judge Paul G. Gardephe
https://www.law360.com/articles/1028874
If you think by changing the companies name you can dismiss a Federal class action suit you’re hoping and praying your correct, but your not.
All that link says is already contained in the one I posted hours earlier.
In this class action lawsuit (still ongoing against Mona, CannaVest and CVSI)
https://www.law360.com/articles/1028874
The information in that “link” you’re congratulating “API” for is contained in paragraph 13 of the link I posted above.
It simply removes Paul A. Reynolds and Jessica L. Mackaness of Shustak Reynolds & Partners.client Stuart Titus from the case. The case against Mona, CannaVest, CVSI, their accountants, Michal Llamas’s estate et al continues. The last similar case heard before Judge Paul G. Gardephe resulted in a Gardephe sentenced Matthew Martoma to 9 years in prison, and ordered him to pay a $9.8 million dollar judgment.
READ!
Paragraph 2
“U.S. District Judge Paul G. Gardephe said in his order that CannaVest Corp. would have to face investor claims that it made material misstatements and omissions affecting the company’s share price after overstating the fair trade value of a $35 million asset acquisition from PhytoSphere Systems LLC. Even though the claims were later corrected in amendments to filings with the U.S. Securities and Exchange Commission, Judge Gardephe said that did not undermine allegations that CannaVest never believed the $35 million price tag was fair in the first place.
“Although defendants announced an impairment of the goodwill associated with this transaction in CannaVest’s Form 10-Q for the third quarter of 2013, they did not reveal at that time that the value of the transaction as originally announced was fraudulently set,” Judge Gardephe said.
The judge said one need only look to CannaVest’s 2013 SEC filings and press releases for clear evidence that it overstated the value of PhytoSphere’s assets by $27 million, reporting intangible assets in its first-quarter 2013 filing at $33.6 million and later amending that amount to $8.02 million. Amendments to the second quarter 2013 filing said intangible assets were overstated again by $1.8 million and again in the third quarter of 2013 by $904,666.
CannaVest and its CEO, Michael Mona Jr., can be held directly responsible for those SEC filings, the judge said, as could Edward A. Wilson, president of his own Las Vegas accounting firm that allegedly handled accounting functions for the company. The same cannot be said for other named defendants in the suit, Judge Gardephe said, referring to CannaVest's majority owner Bart P. Mackay, board of directors member Theodore Sobieski, and company consultant Stuart Titus, who did not have the same day-to-day involvement in company operations, and thus misstatement claims against them were dismissed”.
API’s “great link” said the same thing as the last paragraph above, the case against Mona, CannaVest, CVSI, Edward Wilson, Bart McKay and Theodore Sobieski is to continue, the case against ONLY Stuart Titus is dismissed.
Nah, they filed the lawsuits for $1,000’s in damages.
Why hasnt CVSI revealed these suits?
Really? This one may have been “hashed out” where Michael Mona II is concerned but there are still two ongoing class action suits asking for multiple millions in damages (triple damages if found guilty), attorney fees, costs and while they’re ongoing I doubt there will be any “uplist”.
The most troubling one is being heard in The United States District Court for the Southern District of New York in front of Judge Paul G. Gardephe.
Note the date (April 2, 2018) https://www.law360.com/articles/1028874
And this one; http://securities.stanford.edu/filings-documents/1052/CC00_03/2014423_f01c_14CV02900.pdf
“Hashed out or not they’re not settled and not a word mentioned on any 10Q or 10K.
Not only is that ANOTHER misstatement of material facts it’s also potential 10’s of millions of liability.
Show me I’m wrong.
Show me it’s been settled.
Mona went to court 4 months ago AGAIN trying to have it dismissed and was unsuccessful.
Judge Gardephe ruled the trial will move forward.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
History of Mona Fraud and Current Cases
To understand how the whole thing began you have to go back to Mona being the defendant in multiple fraud cases along with his ties to most of the OTC Cesspool Of MMJ / MJ / Hemp bad actors. You can find that here;
https://www.forbes.com/sites/nathanvardi/2014/03/10/the-first-pot-stock-billionaire-says-his-penny-stock-could-be-a-little-high/#4fc07e2514bd
https://www.forbes.com/sites/nathanvardi/2014/03/26/high-times-inside-the-pot-stock-bubble/#27a8cd266b05
Here:
http://cannabissciencecontroversy.blogspot.com/2018/02/dabney-admitted-to-issuing-22-bogus.html
As well as Mona Jr’s 2014 recent troubles still being litigated here;
http://securities.stanford.edu/filings-documents/1052/CC00_03/2014423_f01c_14CV02900.pdf
This ones behind a paywall normally used by attorney’s. It’s quite illuminating as it’s relating to a case still ongoing from 2014
https://www.law360.com/articles/1028874/hemp-oil-co-still-faces-class-action-over-hyped-acquisition
I left one out because it’s behind a paywall normally used by attorney’s. It’s quite illuminating,
https://www.law360.com/articles/1028874/hemp-oil-co-still-faces-class-action-over-hyped-acquisition
Yes, of course you can. To understand how the whole thing began you have to go back to Mona being the defendant in multiple fraud cases along with his ties to most of the OTC Cesspool Of MMJ / MJ / Hemp bad actors. You can find that here;
https://www.forbes.com/sites/nathanvardi/2014/03/10/the-first-pot-stock-billionaire-says-his-penny-stock-could-be-a-little-high/#4fc07e2514bd
https://www.forbes.com/sites/nathanvardi/2014/03/26/high-times-inside-the-pot-stock-bubble/#27a8cd266b05
Here:
http://cannabissciencecontroversy.blogspot.com/2018/02/dabney-admitted-to-issuing-22-bogus.html
As well as Mona Jr’s 2014 recent troubles still being litigated here;
http://securities.stanford.edu/filings-documents/1052/CC00_03/2014423_f01c_14CV02900.pdf
That says it all and very straightforward too. The patent is worthless. This thing stinks of typical OTC tricks. Glad I did well and ecstatic I’m out. I-Glow, don’t let these ad hominem attacks upon your person affect you. You’re presenting fact backed by evidence and citations. They’re presenting, “but, but , but it’s selling off the shelves. 12 million dollars worth last quarter”. It MUST be true, they read it on the Internet.
SIGO Number one on the down 22% board with $400.00 worth of volume. Imagine what will happen when John starts dumping 100’s of thousands of shares. BOOM!
If everything’s as stated there’s nothing not to like.
My skepticism lies in two areas; (1) I’ve visited multiple locations in CA, NV, FL and CO.. I’ve found PlusCBD in stock but not heard a single retail salesperson or dispensary owner proclaim anything similar sounding to the sales numbers reported. 50 Million a year in wholesale sales means close to 2 million bottles of PlusCBD sold per annum, that’s 5,500 bottles a day. If true it should be flying off the shelves.(2) It’s hard to get rid of the stink of Admitted Fraudulent reporting
If an uplist occurs then it’s the real deal. On July 23rd, 2018, CV Sciences submitted its application to list the Company’s common stock in the U.S. on the Nasdaq Capital Market.
It should take only 3-5 weeks so we’ll soon see.
Then there’s this;
https://m.orlandoweekly.com/orlando/the-federal-farm-bill-could-make-hemp-farming-legal-but-in-the-meantime-big-pharma-and-the-fda-have-quietly-moved-in-on-cbd/Content?oid=16650471&showFullText=true
Just about time for BeachBoy to pop up and tell us SIGO will be $10.00 / share soon.
As Gomer Pyle used to say; “Surprrise, Surprise, Surprise”. Hehe......
Marty,
Thanks for your response.
A quick correction, it was 10,000 shares I bought last Thursday at $5.56 and sold at $6.66 - that’s a gross profit of $11,000.00 not $1,000.00
I previously bought 100,000 shares at $.36 back in December and January. I dumped the final 30,000 when it hit $7.00 for a $200,000.00 gross profit.
Yes, I am and have been in the highest tax bracket my entire life. You gotta pay to play.
I don’t believe you’re correct on Valeant. While Left was shorting them Bill Ackman was buying them personally and through his hedge fund Pershing Square Capital. .
http://fortune.com/2017/03/15/valeant-stock-bill-ackman/
Jim Chanos founder and managing partner of Kynikos Associates estimated the $1 trillion long-short hedge fund industry lost $40 billion being long Valeant. The stock ticked off a number of factors that Chanos looks for in a potential short such as growth by acquisition, fraudulent accounting and crowded shareholder base.
https://www.cnbc.com/2016/11/15/chanos-says-valeant-was-biggest-loser-ever-for-hedge-funds-topping-enron-cost-industry-40-billion.html
I’m just looking for good DD on CVSI. Not opinions, facts backed by citations. I’m 60 years old and made my first Million by age 18 and the rest as they say is history. I’m currently an L.P. in a small VC / Hedge Fund. One of our most recent scores you can read about here if you chose;
https://www.bloomberg.com/news/articles/2018-02-09/vix-surge-hands-8-600-profit-to-a-tiny-hedge-fund-in-colorado
I believe there are about 90-100 of us and we currently have about 400 million Dollars AUM.
Thanks again for your response, one piece of advise. You get a lot more with honey then vinegar.
Left (Citron) was correct about these;
http://fortune.com/2016/03/20/valeant-timeline-scandal/ - down 90%
https://www.cnbc.com/2018/08/13/twitter-shares-rise-after-citrons-andrew-left-predicts-big-rally-for-.html
https://www.businessinsider.com/inogen-stock-price-falls-on-andrew-left-citron-research-short-seller-report-2018-5
According to a Wall Street Journal analysis of 111 Citron short-sale reports spanning from 2001 to 2014, there was an average share-price decline of 42 percent in the year after Left's report was released. Of those shares, 90 were lower one year later while 21 gained, according to data from S&P Capital IQ.
Those were all big board stocks. Is he wrong about an OTC cesspool ticker that’s already seen it’s founder and CEO charged with fraud and barred from holding ANY position in a public company? I don’t know, but I’ve made money on CVSI using my long held principal of never going long on an OTC ticker. I continue to day trade it as right now it’s a day traders dream with tons of volume (liquidity) and 15% to 20% moves between high and low daily. Mona didn’t do the company any favors by paying the fine, accepting the punishment then immediately placing his son in his old position. The Mona’s hold 17,000,000 shares as of 6/30/2018 they don’t trust Dowling to properly run the company?
Then there’s the entire day I spent going from dispensary to dispensary asking about PlusCBD. Most carried it, not a single one said it was a big seller with most telling me they had similar or identical products at 1/2 the cost or less. They claim they’re in 1,600 locations but no Vitamin Shoppes, no Whole Foods so exactly where are these 1,600 locations? Buy at $6.00 hoping for $15.00 and an up List? I’d prefer to do what I did Thursday, buy 1,000 shares at $5.56 and sell them 20 minutes later for $6.66 - Anyone who can clear up these unanswered questions will be doing everyone a favor. Thanks in advance.
Surfkast, those aren’t investors they’re known as bag holders.
Boom Sector flying again, SIGO? Down again on tremendous volume of $9,000.00
SIGO #1 on the what happened to my money board?
T-Trade from afternoon before.
Yes and yes
Made it the best day trade in town. In at $5.55 out 20 minutes later at $6.66 11k more in my pocket gf gets some new Louboutins and a Chanel bag.
Agreed! I spent a full day going from dispensary to dispensary asking if they sold the company product and if it were a big seller. Most had it in stock but generally said they had similar if not identical products for 40% to 50% of the price. Not a single one said it was “big seller”.Still, buying 100,000 shares at $.36 and selling at $7.00 has been a winner for me. Not my biggest but a winner. I just are skeptical of the sales #’s. If I hadn’t had been I wouldn’t have wasted an entire day researching. I’m too old and have too much money to waste my time. I’d love to see a list of those 1,500 “verified vendors”.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Really? You’re invested in this ticker and you’re asking who Michael Mona is?
He took 1.7 million out of our company last year.
https://www1.salary.com/Michael-Mona-Jr-Salary-Bonus-Stock-Options-for-CV-SCIENCES-INC.html
https://www.forbes.com/sites/nathanvardi/2017/06/16/sec-charges-poster-boy-of-pot-penny-stock-bubble-with-fraud/#cc87e55608a1
https://www.sec.gov/litigation/admin/2018/34-83391.pdf
https://www.forbes.com/sites/nathanvardi/2014/03/26/high-times-inside-the-pot-stock-bubble/#580e2bff6b05
Of course now that he’s barred from being an officer in ANY PUBLIC COMPANY includingCVSI he’s not giving up control, certainly not to Dowling. He just had his son step up and do exactly what he directs.
https://cvsciences.com/teammember/michael-mona-iii/
https://www.linkedin.com/in/michael-j-mona-iii-812424b2/
https://growthstocknetwork.com/2017/11/13/marijuana-penny-stocks-sec-investigation/
Before any of you start slinging “brasher” (at me) I’ve been a CVSI stockholder for a while holding 100,000 shares @ $.36 - I sold my last 1,700 shares yesterday at $7.00
There is NO scientific evidence grape seed oil is helpful for any health issue. “Healthline” is not a scientific resource it is an alternative medicine a/k/a CAM resource. Anecdotal opinion is not scientific evidence, If you’re interested in actual science you can find it at the links below;
https://www.mcgill.ca/oss/article/food-health-news-supplements/seedy-business-grape-seed-extracts
https://www.businessinsider.com/grape-seed-oil-is-a-faux-health-food-2013-12
https://sciencebasedmedicine.org/are-berries-the-new-snake-oil/
I don’t. I’m curious if others do?
AB? Just an Alan come lately. Flunked out on Wall Street; Flunked out as a trader, Flunked out as an analyst. Flunked out as a bond trader, went home and flunked out managing mommy and daddies money and now it’s gone. Only one place remained and here he is, landing in the cesspool of the OTC with the not so clever name 420Investor. It’d take me 30 seconds or less to come up with something a bit more catchy, like, oh, CannabisAnalyst. There are those of us who have given our lives to this industry putting it all on the line. He has given nothing, nada, zippo, bupkis. Just taken. He pumps OTC tickers giving advice, then hiding behind a disclaimer that all these speeches, all these articles, all these portfolios aren’t made for investing,sorry, informational only. This way when you lose all your money investing in PHO# which he issued a buy at $.42 just before it went grey, or when he issued a buy on TRTC, down 90%, or VPOR, down 99%, and the king of the scams FIT# down 100%, halted, shut down, closed. AB has no liability this so called Guru Of Cannabis Investing. He’s not really advising in his daily speeches, tweets, paid internet subscription portfolios and interviews with anyone who’ll talk to him. It’s all for informational purposes only, not investing. No, No, No, never invest in what AB says, he tells you so himself. I have a feeling that theory is soon to be tested. By FINRA, the SEC and I heard a rumor about a class action lawsuit.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Why would anyone PAY for “the service” he offers?
Record sales.....great! Based upon science, or IRTH Fraud?
https://moxreports.com/wp-content/uploads/2018/03/b324-Vuzix-Fraud-Short-version-toned-done.pdf
Mona! Same scam, new ticker
What you “picked up” today will be trips another day.....Soon Mark this post!
Close -John’s next conversion is at $.14
Close - $.14
You boys arguing over SIGO, the greatest MJ Company of all time. Frustration appears to be setting in. FYI, today’s conversion price is $.21 that’s what Johns buying for and letting out a few at $.35 - Regardless, SIGO on this Monday morning is.........shocker, DOWN in the RED for the 100 and somethingth day in a row, today so far down 9.09% while every other stock in the sector is green. Yea, yea, yea I know everything is great on Beach Island. The Island where apparently they like losing losing money.
Today I got nothing Yesterday I got $.1525 and $.1575 Not very much. 50,000 shares.
100% AGREED! I had mine already. Shorted it fron $2.33 to $.63
5,000 Sq ft of outdoor greenhouse growth space? 5,000 whole Sq ft? Outdoors? Good till September? John should turn his money over double by then and the float will be a teeny 32 Million shares. How’s that 10K coming along? Soon, right? Any verified revenue? No? Soon right?