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yep complicated issue; there are a hundred other articles regarding this exact issue so I wont explain it but a good starting place is CVSI responds to FDA warnings from 13 months ago. And a big problem with MJNA is the 2 billion plus outstanding shares it has. If MJNA is worth 12 cents CVSI should be 6 bucks. Also the hemp industry is starting to find some friends in high places and they really like the over the counter cbd companies because CVSI and others are helping fund getting the hemp industry off the ground. Is GW Pharma doing that? Nope they are a foreign company screw them.
Sorry but this thing is long from over in my opinion and will need to be decided in federal court or congress before its all said and done. think red yeast on steroids and you have come to the cannabidiol quagmire.
well for starters:
disclaimer on slide 2 2016-06-08 8K
he was former ceo of now defunct star tobacco which changed it name to rock creek pharmaceuticals
not sure im back being mildly bullish
did a lot of research on the inventor of cvsi-007 over the weekend
jonnie williams is the name; he helped invent laser eye surgery and figured how to to mitigate the harmful effects of tobacco; has done very extensive research on nicotine etc.; he now is the proud owner of around 20 million shares
just not sure why the board paid for canx in full when they didnt need to
new os 80 million but we have a pharmaceutical division so that is good
seems like political winds are changing big time in regards to cbd derived from hemp also just as of the last week -> so that should help the consumer division stay strong to fund the pharmaceutical division
also did a lot of research on james mcnulty and frank o'donnell; frank o and jonnie w should just stay as consultants; if they ever get elected to the bod im selling immediately
new os around 80 mil.
56 + 3 for iliad + 21 for canx + 1 for frankie o
the rest is options or incentive based shares
they repriced old options; gave 5 million more to mona jr; gave 400k more for fiscal 2016 goals met
then incentive based option they changed the milestones; probably as a hedge if the fda denies then they dump on the natural pump [mcnulty knows how that game works]
gotta watch these guys they are tricky
also if there is a buyout 6% goes to the 3 headed monstor of downlin mona jr and mona iii.
how does 5% of issued and outstanding shares equal 6.4 million shares? geesh. they owe and explanation on that.
i guess a third option is they are shopping the company and need this canx thing cleared up first based on advice from consultants etc.
why would canx even agree to the buyout of the 5% royalty [6 million shares or around 2.5 million]. chantix does nearly 1 billion a year fyi.
only 2 reasons:
1. they knew it would never go to market
2. a billion + buy out is coming but this "5% royalty" had to be cleared up.
then they changed the milestones and in my opinion made them easier
they gonna file 14 day ext. on annual report?
the market does not agree
someone just sold 6212 shares and the bid is still at 12500. so we have no idea what is behind that bid.
well we know revenue is going to be good; tomc said "december was the very best month on record". i still say 4mill for q4 and possibly more.
also they got bonus for meeting 2016 fiscal goals; i searched everywhere and could not find those goals; guessing they were buried in employment agreements that were not made public. i swear i had saw those somewhere though because one of the goals at some point was to get uplisted.
maybe canx folks want to sell out so they struck a deal.
here are some thoughts:
1. the 5% royalty can be converted to shares now; i believe that is new.
2. also lot of new language about a "liquidity event"
i sense a buyout here
so no one would sell at .39 so they move the bid to .40. cmon something is not adding up here.
followed of course by a dump like last fall
someone is buying on the bid; you wonder if a pump is coming here
not many sellers this morning
who this? Organucopia, LLC Frank ODonnell
or a dodge caravan; even though i told those jabronies that i dont want a warranty but i want them to drop the price by 2 tranny replacements. they didnt go for it.
i wanna sell all my shares and just buy a tub of cbd oil
well if it was a perfect stock do you think it would selling for 41 cents? geeesh
this is the cannabinoid industry
cool video; i heard the exact same thing at my local store
The cannabinoid that could erase decades of work is beta-caryophyllene (BCP). BCP is found in the essential oils of a variety of plants, including rosemary, hops, cloves and, of course, cannabis. It’s also highly present in black pepper.
http://www.leafscience.com/2013/11/12/beta-caryophyllene-dietary-cannabinoid-make-synthetics-irrelevant/
not sure is there is much that can put the lid back on the "cannabinoid industry".
stay humble
well i read an "addiction to marijuana is slightly less awful than an addiction to heroin". then he later referenced thc as the problem child with marijuana and addiction.
“I acknowledge that,” Sessions said. “But if you … smoke marijuana, for example, where you have no idea how much THC you’re getting is probably not a good way to administer a medicinal amount. So forgive me if I’m a bit dubious about that.”
It is good they are starting to separate cbd and thc.
really good news for mjna epilepsy study out of mexico city; i think their stuff is better than gwph stuff. cvsi basically has the same formulas as mjna in fact may still provide mjna with raw product. I wish cvsi would break down wholesale vs retail so we knew. i think that needs to be a question posed to management once annual numbers come out.
yep memo following up the dec 16th ruling; following the 2011 ruling; came out last week on the 9th.
there is no doubt extracts will be rescheduled; they will have to once gwph drug is approved. then what though. there are quite a few states that have passed cbd specific laws in addition to rec states.
december was the "very best month on record".
I wonder if that counts the month they sold 2 million in product to mjna?
if they hit 4 mill on q4 rev they beat on annual; hoping for a home run; i think it is possible word on the street is product flying off the shelves
4 mil revenue is my fearless prediction for Q4
at noblecon cvsi cfo said meeting with fda late march. i think it is a good chance but i would say the market thinks very little chance.
add another 2.5 million shares for the iliad 2 million note.
so new total is probably 59 million. The 2 million note i think has 3 months or so left of dilution and then it is paid off. Then the 750k loan start dilution in september. Then if we get fda phase 1 some management get shares but that is fine because the stock price will be greatly rewarded. There are some more stock incentives for phase 2 etc. So ya it could be worse; we could be MJNA with 2 billion plus shares or Aurora Cannabis with 1/2 billion etc. etc. 59 mil is still pretty low for this sector.
yep:
NITE 0.36 91,758 15:59
nite has really been a big buyer the last month
i got tricked on the aurora run last year. i was in at 40 cents and it drifted down just like cvsi into 34 cent range and then it jumped to 80 cents; crashed back; then rose again to 80 cents and i sold out. well it proceeded to go to nearly 2 dollars very shortly after.
not saying it will happen here but i will probably hold through the next run hoping for double on the double. I think it could run to $1.75.
yep that is mjna stuff. cvsi's dysfuctional step sister who stiffed cvsi for 2 million.