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Picked up 500 @ $15.975. Maybe it drops a bit more but if we believe that it will be $18+ soon, why not pick up a few extra here
Yep, confirms that you have idiots all over the world. Buying stock in a scam company, well done.
Yes, I say we get a BS press release.
Let me be clear, I think CBIS is a scam but I do like the sector and this may make you feel better:
https://www.marijuanamoment.net/new-congressional-bill-handcuffs-sessionss-marijuana-enforcement/
Nothing new, the stocks I checked are down but it is on below average volume.
Sorry, I did not intend to be mean, I assumed he was joking and I found it funny as hell.
He does not care, other than to determine when he needs to start another company he can list otc. He has does this 4 or 5 times at least. Using his same executives (Joke), Create a sham company with a virtual business address, setup website telling a great story about some BS product/service with a great future, get people excited, pump with press releases, list OTC, sell stock, reissue stock and line their pockets.
They pretty much put everything in their financial reports.
Guess I am the only one left
Only way to pump up the price. They can't do it with financial performance
Well played Mr. Dabney. Now creating accounts to pump your stock?
Its all in the 10-Q, as long as he has disclosed, not much can be done. In all the financials it list all of these shady deals. Statements that make it clear that they are broke and will be issuing more shares. They even make it clear that investors could end up with nothing. It is the same executive team at CBIS, ENDO, Crown Baus CC and a bunch of private companies they have setup and use to contract with CBIS to preform services or partner with on deals. CBIS partnered with "Raymond C. Dabney University" (What a joke). They pay $700K to some company owned by a family member of Dabney's to preform financial, web, marketing and other services. Not a bad gig for a company with $4k in revenue. It is all in the financials. If you go through the reports, look up the ownership of any company they mention. Many of them or tied to the CEO or other execs in the company.
Trading this stock, knowing it is BS makes sense but people who buy this company and think it is legit are in trouble. I think it is shady for them to come out with a press release on 1/3:
Cannabis Science Negotiates With Crown Baus Capital Corp (OTC: CBCA) for Future Blockchain Cryptocurrency ICO Growth While Adding Strength to its Pharmacy Openings and Pharmaceutical Drug Development Programs.
First, the office location for CBCA is virtual office. Also, if you look into CBCA, the are owned by the same executives that own CBIS. Who did they negotiate with? Themselves? Good luck in getting financials and info on CBCA, they are a ghost. Talk about a shell company.
I feel for the people who bought into this early and have lost a boat load but those who refuse to read the 10-Q/K and ignore the facts, deserve what they get. The financials make it clear that they will continue to dilute the company by not only issuing millions in additional shares but by partnering with companies owned by the executives of CBIS, its a joke. Probably why the COO continues to sell his shares. The CEO ownes what appears to be a sham university, which is partnering with CBIS on deals. All of these PR posts on a daily basis to give the investors hope is shady (IMO) because they use "Forward Looking" verbiage that they legally cannot be held accountable for.
Even if they somehow come up with a legit deal, they partnered with their own 3rd party companies that will allow them to bleed off any profit. Many of these 3rd party deals are also paid for in stock, which allows the current executives to sell off the stock without triggering an inside sale filing.
Any responses they say "Prove it" will be directed to read the financial filings from the company. IT'S ALL IN THE REPORTS.
Its not terrible at all but I will try again tomorrow. I make it a habit not to chase or change my strategy when I dont get the price I want. I like the play on buying 1000 shares and selling in the money calls. I will try again tomorrow. If that does not work, I may look at buying 1000 shares but selling the April $17.50 for .50. I have time with that one.
At the end of the day, taking a short term play on margin with 1,000 shares, while holding my core (6,200) shares is appealing to me. I do not see a lot of risk with that scenario.
I am not executing my trade unless I can get it for 1,000 shares at $15.25 and I was hoping to get it on a quick drop on small volume but not looking great to get executed.
It does feel like the calm before the storm. Buyers want a good price, holders holding and the experts waiting to see what happens before making a recommendation. I guess we sit here for a short period of time until the company announces the next Div and guidance. It really is funny how many experts covering NGL were sure so down on the stock. Thankfully we have you and Jugs navigating the energy sector for us.
WOOT! We are in a tear.
I thought about this play and will give it a go if I can get the order for $15.25. I put the order in and will see if I can get them.
I figured it was something along those lines or you were a polygamist.
You and your wife are really good people to help all of those children and give them an easier path to walk. Unless you own a farm and you did it for the free labor.
19, that is crazy. You should get a medal
It is tough not to second guess but it is human nature. You know what can happen and if the worst case happens and we are wrong and the stock goes $19+ in the next 5 weeks, you just make a ton of money instead of a shit ton of money and nothing stops you from getting back in by waiting for a pullback and starting a new position.
The catalysts that I see can launch the price is some HUGE upgrades and/or NGL announces a huge increase in the div. I went back 5 years and I did not see any huge increase in the div, it was usually between .02 - .035. As far as upgrades go, the one you posted earlier today was a confident upgrade that I really liked but I find most analysts are generally timid and do not like putting out aggressive/big predictions, they like to play it safe and I think it will be that way with NGL. It was only a few months ago that bloggers and such were really down on NGL and to do a 180 on that will take more time (IMO). If you go to the NGL board on seeking alpha, Jugs (Len) schooled the blogger on NGL (just 3 weeks ago), I mean spanked his ass on the boards. This is one of the "experts" posting, timid and afraid of betting on energy. The great thing was, it wasn't even an angry spanking, more like the kind where you wait for your two year old to step into the street and administering a smack on the bottom for his own good. Wack, Wack, Wack.
Just for the record, I never spanked my daughter. When she was 12, I did take her bedroom door off the hinges for her slamming it in my face. I told her she hurt the doors feelings and she could have it back once she apologized and the door accepted her apology. I think that was about a month but she never slammed her bedroom door again.
I have sold far more calls than I have purchased. As I mentioned, I like your other play as well. Unless the stock goes pass $17.75 (I think) in 40 days, you are golden. We have already seen big moves in the stock and like everyone here, I am sure more big moves will come, I am just not sure that it will hit $18 by mid Feb. If it does, oh, as my father-in-law would say "we should all have such problems". Even if it does, you can just jump back in.
I like selling options much better than trying to cash out and waiting for a dip to jump back in.
I have to say, I like this play also. Especially as these stocks are not your core position, you are just capturing some additional cash. If the stock runs, who cares, the shares get called away. If it doesnt reach the strike price by expiration, you can either close out your position or, sell the options again.
I kind of like the play. Even if it takes off, nothing stops you from jumping back in.
I really wish I had more liquidity but I am all in.
As I was shoveling snow last night, I kept thinking how great it is to have all of these energy stocks as this weather can only be good for what we have going on.
It is just a press release put out by the company. They can publish what they want. CBIS puts out a lot of them but at the bottom of each, they always say something like:
These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.
The PR lacks any concrete information. I mean, everyone has access to government contracts, doesn't mean you have one or will get one. What does "Supported US federal governments since 2009 mean? Looks for New Federal Policy to Regulate Industry for Patients, what does that mean?
Long term, Sessions will lose this fight but he is doing everything he can to hurt the Marijuana market. Just in case you are not aware, I am posting a link to show how he has tried to stack the deck by appointing 17 US attorneys. This just happened the other day and if you think it was not planned to coincide with he memo repealing Obama's stance on Marijuana, I think you would be mistaken. I think for the next 6 to 8 months, marijuana stocks will have a difficult time. Long term, his stance will be a good thing because I think the Republicans will get decimated in the midterm elections, later this year.
The people want access to Marijuana and it will happen, but not before the will of the people is felt later this year. Just my opinion. If I had been looking for an entry point into the Marijuana stocks, I would dip my toe today. Excluding CBIS, I would not touch it for reasons I previously stated.
https://www.washingtonpost.com/world/national-security/sessions-names-17-interim-us-attorneys-including-in-premier-manhattan-office/2018/01/03/6f22ec2a-f0c3-11e7-b390-a36dc3fa2842_story.html?utm_term=.04fa7786a380
You are correct but why keep trying to help educate people on the board? I am not being a smart ass because I believe the same things you are saying. Anyone who reads the 10-Q or 10-K can see that CBIS includes statements on all reports that say something along the lines of "We are broke so we will keep issuing shares". IN addition, they are defaulting on loans, yet paying out bonuses to themselves of $300K per year. The executives have other companies that are contracted by CBIS, diverting money out of CBIS. CBIS also has a contract with a company owned by a family member of the CEO that bills $750,000+ a year for accounting/marketing/website services, it is a joke.
At the end of the day, it seems that those on the boards who like this stock just ignore you anyway so why keep posting? I owned 10K shares and sold out at .125 the other day after I had actually read the 10-Q's. I felt an obligation to share what I had learned, made my points but it is clear that people have either not read the financial filings or maybe they are paid by the company to post positive comments. I have no idea but If people ignore the facts, not much you can do to help them.
I am a big fan of marijuana stocks, many will go broke but some will payoff big, I just do not think CBIS is one of them.
True, they have $4k in annual revenue and it comes from selling pet supplies.
It is good to see. Even with that. Republicans are going to get slaughtered in the midterm elections.
Just started a position today. I know the div was cut but it is a value at this level, very consistent and you have huge insider buying
I am a big believer in this market, just not this stock. I bought 10,000 shares a while back without doing any DD. It was not until it popped back up to those levels that I checked the boards and over concern with the comments, decided to dig deeper. Which really means, reading the 10-Q and after seeing how most of the officers have other companies that have contracted with CBIS, I can see how capital is being moved out of the company. Take that with 100's of millions of shares being issued, resulting in continued dilution of share price, I sold.
I posted only to warn others or at least make them think about reading the financial reports. Even a cursory review will raise serious concerns, at least for me.
I agree but my opinion is that if you made a list of all of the marijuana related stocks to buy, this one would be really low on the list.
If the 10-Q's do not convince you where this is going or the Press releases that are saturated with words like "plans","progressing", negotiations" and "preparing", you should buy more.
I agree, just picked up some shares. Will buy more if it drops another .05. Position is only about $3,000, for what its worth.
I bought this on a lark a while ago, just 10,000 shares (@.12)and I ignored it as it dropped. WHen it popped recently, I started looking at it again but after seeing many of the comments, I looked into the CEO/Executives and started reading the 10-Q.
The only product I can find is from a company they bought that sells pet products (Shampoo and such), I think total sales were $8,000 or so.
Scam? Not sure if I would call it a scam(at this point) if everything they do is reported in the 10-Q/K. I got out this morning at .125 after reading the very entertaining 10-Q (less to go through than 10-K).
Starting with section 2 of the latest 10-Q (though they put this in all of the ones I read):
In view of the matters described, there is substantial doubt as to the Company's ability to continue as a going concern without a significant infusion of capital. At March 31, 2017, the Company had insufficient operating revenues and cash flow to meet its financial obligations. There can be no assurance that management will be successful in
implementing its plans. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. We anticipate that we will have to raise additional capital to fund operations over the next 12 months. To the extent that we are required to raise additional funds to acquire
research and growing facilities,and to cover costs of operations, we intend to do so through additional public or private offerings of debt orequity securities. There are no commitment or arrangements for other offerings in place, no guaranties that any such financings would be forthcoming, oras to the terms of any such financings.
To summarize, the above "We are broke, and will continuing diluting the company by issuing more and more stock to cover our shady dealings".
I am in awe of how blatant backroom deals they are doing. It seems that each executive has other businesses and they are contracting those businesses to provide services or do deals with. While I like this:
Convertible Notes Payable to Royalty Management Services Corp.,a company owned by a family member of Mr. Raymond C. Dabney, CEO/Director of the Company,entered into a management agreement with the Company on September 15, 2015 for accounting services, websites development and maintenance, office management, management and
payments for travel, promotion and entertainments, shareholders communications and payment services totaled $860,790 and $860,790 at March 31, 2017 and December 31,
2016 respectively.
My favorite is how CBIS is doing business deals like this:
On October 24, 2016, the Company entered an Exclusive Master Facilitator Agreement with Members of Winnemucca TribalAllotment, Free Spirit Organics, LLC, American Education Consulting Group and Raymond C. Dabney University
If someone really wants to see how shady these deals are (IMHO), just read pages F7 - F13 in the latest 10-Q.
I think this is just awesome. The fact that production is up so much they need another 3,000 truckers is very encouraging, not just for us but for the region. The more oil, the more truckers, the more truckers, the more trucks, more trucks means more mechanics, more business at restaurants, truck stops, hotels, blah, blah, blah. Very good for the overall economy of the area.
My dad was a truck driver for 40+ years and it makes me happy to see the need for them growing. Back in the 70's I would go with him on long hauls during summer break and it was fun. I can remember that truck drivers back then were modern day cowboys. Most (but not all I guess) wore cowboy boots and listened to country music. It was fun being with my dad when we would stop at a well known truck stop where everyone knew him. Being a kid and getting to sit in the "Trucker Only" section of the truck stop/restaurant was a big deal.
Found this article interesting, read it a week ago but forgot to post it.
https://www.msn.com/en-us/money/markets/americas-hottest-oil-play-just-needs-a-few-thousand-truckers/ar-BBHnkvp
Nice option action.
Just about 2,500 Jan 19th $15, call options traded so far today.
Preferred share info update.
Watch previously pointed out that the class B preferred shares 3rd Qtr Div was .675 and 4th Qtr went down to .563. Its late (For me) so I will try to keep my 2 cents short, also, if this was previously covered, I am an ass.
The Div for 4th qtr is actually correct (.563) based upon the issued terms for the Preferred stock, which pays a guaranteed 9% div of the $25 issue price. $25 x 9% = 2.25 annual, which equals a quarterly payment of .5625.
My assumption is that the .675 is the prorated amount because the stock was issued early June and instead of paying a small 2nd qtr div, they just rolled the odd amount into the 3rd qtr.
I want to clarify my understanding of "guaranteed". It is not to say you will always be paid the 9% but rather if it is missed, it will be made "right" later. Also, the preferred get paid before us common folks.
On the surface it sounds pretty good but I am not so sure. First, you have no real upside on the stock. Second, the Divs are taxed as ordinary income (I think).
While I am not sure what if any impact issuing the class B will do to the total Div payments, I like the fact that they are buying back stock, insiders are buying and we are having a cold ass winter.
Here is where I got some of the info
https://www.dividendinvestor.com/ngl-energy-partners-9-class-b-fixed-to-floating-rate-cumulative-redeemable-perpetual-preferred-units/