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Have not seen 2nd 8k yet, TimeB I saw same article and absolutely shortys are way up everywhere thinking crash is coming due to Greece, China, Puerto Rico and etc... they love the fear!!!
Like right now, CBDS had nice run to $3 and "6" market makers have a sell order in L2 for $3. I freaking hate shortys and the SEC for blatant disregard for enforcing their own rules. The SEC needs a class action suit against them for "neglect" of responsibilities. This is not oversight it is blatant disregard for their responsibilities!
We need about 100k shares buying for 2 weeks straight to shake these shortys and force a scramble to cover!
Well said and I think most on this board at the moment agree.
The company needs to be more forthcoming with products and deadlines publically announced. Their websites are dull and very outdated. Oct of 2014?
Q2 is over, we should see that filing in about 30 days.
Shortys are doing their best to hold this down... why... I have no idea
Below is the last 30 days short report. June 15 to July 1, seems average. The day of the press release July 1... 6 of the last 8 trading days 42%+... like WTH
Historical Short Selling Data For CBDS
Date - VolShorted - High - Low - Close - ShortVol - RegularVol
Jul 13 54.06% NA NA NA 6,506 12,035
Jul 10 27.29% 2.88 2.50 2.65 606 2,221
Jul 09 58.82% 2.80 2.37 2.75 7,250 12,326
Jul 08 41.71% 2.63 2.25 2.63 5,709 13,688
Jul 07 80.34% 2.50 2.22 2.40 8,521 10,606
Jul 06 41.98% 2.25 2.20 2.24 1,288 3,068
Jul 02 26.63% 2.25 2.10 2.25 2,729 10,247
Jul 01 47.35% 2.34 2.20 2.25 2,490 5,259
Jun 30 10.05% 2.55 2.12 2.39 3,412 33,941
Jun 29 32.95% 2.57 2.52 2.52 2,093 6,352
Jun 26 0% 2.55 2.54 2.55 0 1,700
Jun 25 2.10% 2.62 2.50 2.55 154 7,318
Jun 24 8.43% 2.64 2.57 2.63 650 7,714
Jun 23 13.04% 2.65 2.59 2.61 1,496 11,474
Jun 22 21.08% 2.65 2.59 2.65 403 1,912
Jun 19 2.10% 2.69 2.62 2.64 23 1,095
Jun 18 0.60% 2.70 2.54 2.62 10 1,660
Jun 17 53.17% 2.72 2.60 2.60 3,333 6,268
Jun 16 3.45% 2.69 2.55 2.55 346 10,035
Jun 15 0% 2.69 2.65 2.65 0 600
And current short interest came out today for June 30, it's 22,607. Has been at 22k since May 15 and the last time it was ever higher was Jan 30 at 23,676.
I'm not in as deep as some of you but deep enough to feel your "frustration" we've been calling it. HA
I just have funny feeling it is quiet before the storm... sincerely GLTA
Here's some additional info what the Shortys have done to this stock over the last 4 months...
Cannabis Sativa, Inc. Common S ("CBDS-0") - OTC Short Positions on 2015/06/30 22,607 64 2.39
Net Total Last Total Price
Date Change Shorted Price Volume Range
----------------------------------------------------------------------------
2015/06/30 64 22,607 2.39 89,000 2.39 - 2.65
2015/06/15 -388 22,543 2.65 90,500 2.52 - 2.95
2015/05/29 1,139 22,931 2.58 97,100 2.58 - 2.95
2015/05/15 15,463 21,792 3.00 151,000 2.89 - 3.52
2015/04/30 -3,338 6,329 3.66 303,200 3.59 - 3.99
2015/04/15 4,495 9,667 4.48 230,700 3.76 - 5.00
2015/03/31 -6,139 5,172 3.60 258,200 3.60 - 5.65
2015/03/13 309 11,311 5.65 127,999 5.55 - 6.37
You can see the Shortys took this from the $5+ to where it is today. Short covering has gone from 1 day to cover to almost 3 days. The SEC needs a class action lawsuit "against them" for blatant neglect for this "new" industry. Their little warning last year does not exclude them of their responsibilities.
If we get 50k+ volume per day for a few days this might move fast. It's one of the things I luv about CBDS, small float!
Since CBDS 1st started trading in Jan 2014 it had a solid range of $5 floor to $10 ceiling. Bounced that range until April 15 2015, they gapped it down and ran it up, to run it back down again. Unfortunately, that $5 is now the new ceiling... we need to blow through that to about $7 :P
It has jumped $4 - $5 in a few days 3 - 4 times
It's been quiet for 3 months, then boom Kush spinoff at end of Q2, 3 mil debt gone, but absolutely nothing about sales, products, stores, Centuria??
GLTA, I hope we get big news and run this week!
Yep the next 8k should help clarify some things.
I see why they did the other 8k dated June 30. That is the last day of their 2nd quarter. 3rd quarter starts 3 mil less debt and 2nd quarter will show that debt removed. Good thinking & nice move to keep the books simple.
2 years to complete spin off
dividend for Kush share ratio unsure yet
4 - 6 months usually to complete spin off
I predict we clost between 2.90 & 3.00 :P
GLTA we are due for a very nice pop here I hope
Can we get another up day?
I've been told no confirmed delivery date for the CBD capsule from Centuria yet?
Spinoff usually will take 4 - 6 months approx. depends on SEC approval
And according to the Madhatter... we might get 2nd 8k today or tomorrow...
GLTA
Nice... ty vm...
Maybe a cutoff date and share ratio for dividend :P
Looking forward to seeing it
Anyone watch the last 10 min run of 8500 shares :)
Up another .20 for the day. I like what I'm seeing with 2 days in a row of end of the day runs.
MadHat... update tomorrow for??? You got me curious...
GLTA, I got good feeling we about to get a very nice run upwards :)
What shall we get today...
Well, the 8k is done and the Preferred shares are cut. What does that mean... CBDS just took 3 mil in debt off their books and currently has 2 years to create the spin off for Kush. Obviously that was pretty fast, so I don't think they are messing around!
The 3 mil of debt off the books "should" create a little buying... I hope.
GLTA I hope we get a nice run over the next month or 2 ;)
Also, with the spin off... will they need another shell to buy to do the spinoff?? I would think yes... it would be faster for them to do a reverse merger on a already existing shell but I truly don't know how they do these?
HA, if they need a shell... I know 2 companies not trading and dead since 2005 that they could get those shells dirt cheap...
Any feedback is appreciated
HA that is awesome!!
Great article to see! A lot of money in that plant... which means "cannabis supporters" could have some hefty campaign donations ;) Nice article about American Medical Journal stating publically "medicinal cannabis" support.
I see we had a little bump today... but my report shows shortys were 80% ?? Not real sure why these mm's would start this unless that short volume includes buys to cover??
Historical Short Selling Data For CBDS
Date - VolShorted - High - Low - Close - ShortVol - RegularVol
Jul 07 - 80.34% - 2.50 - 2.22 - 2.40 - 8,521 - 10,606
Shortys at 42% on 3k volume
The SEC should be ashamed of itself...
Historical Short Selling Data For CBDS
Date - VolShorted - High - Low - Close - ShortVol - RegularVol
Jul 06 - 41.98% - 2.25 - 2.20 - 2.24 - 1,288 - 3,068
Everyone saw the uptick right??? freaking a shame this SEC is...
This is why all MJ stocks go nowhere... crooks just beating it down and no one doing anything about it.
6 trades in a row 1200 volume all at $2.25...
If those were sells it would have dropped .30 by now... but when there buys, it don't move?
I hate these market managers LOL
The presidential ploy for Johnson
The libertarians will ask Johnson to run but not if the foundation of his candidacy is cannabis legalization alone.
I do think it will be Johnsons intent and any other cannabis company/investor to get this topic brought up during this election and to keep it as a topic while our government continues to incarcerate, confiscate and financially devastate it's citizens because of a plant? Approx. 800k US citizens this year alone!
If Johnson can keep his composure, not falling out of chairs during interviews, he will be a thorn in other candidates like Chris Christy who opposes cannabis legalization and has said openly he will go after states that have legalized.
What I would like to see them stress is that in order for cannabis reclassification it is as easy as, we must change who is in congress. The 535 if replaced with candidates that would uphold the will of the "majority" of it's people... this would be all over. Congress would be scrambling to reclassify before the elections to insure they keep their jobs. ;)
MadHat TYVM Here is my email 5-11-15 with Jerry... his responses in bold
Dear T,
My name is T T. I've been following your company for almost a year and a small investor in your stock. I am curious when your CBD capsules will be available to the public? According to the press release 3¬3¬15 it says "by" spring 2015. We are currently 6 weeks in to spring and there is no information anywhere about this?
Although this is running a little late we have a contract and money paid and fully expect delivery in the near future
I would like to point out that none of your websites seem to be getting updated. Your cbds.com website shows none of the SEC filings or press releases in over 6 ¬ 8 months. As well as the copyrights still say 2014 (as well as this site says 2014). You might want to review those if you're trying to lure investors and/or make a professional internet image.
Look for a new suite of websites very soon as we have been building them for the past couple of months
Jerry Cornwell
Bristol Media, Ltd
What does "near future" mean?? And, what does "very soon" mean??
I got no idea... 4 months to build web sites?? and 4 months since that press and not 1 flipping word about it since??
But, according to SEC filings, they had until May to place 1st order, which they did do, and according to Jerry, it's already paid for! :) I guess the question is, can Centuria deliver the product and when?
Once this is being sold, that is revenue immediately to "CBDS" books!
My 2 cents on this CBDS...
BSspotter very well said! Madhatter, please post that company update about the product being released in 30 - 60 days :) I've asked Jerry, still waiting? That Jerry is a problem in itself...
1) Gov Johnson, Sen Gravel (both ex presidential candidates & directors on other boards), directors who are ex supreme court justice, ex police chief, Steve Kubby with 30 years of "international" contacts, knowledge, applied for patents & trade secrets (which are Kush owned). Sounds good to me...
2) Sec filings are current - no revenue as of 1st quarter 2015 with debt mounting, OTCQB approved, 16 mil outstanding, 2-3 mil float, authorized up to 45 mil, one of the smallest of all cannabis stocks, again, sounds decent for a startup
3) Wall Street Journal, USA Today, in Forbes top 8 cannabis stocks... nice press from reputable news groups... sounding real good!
4) On 3-3-15 they announce "that by spring, they will provide online & in retail stores an extraordinary CBD capsule, ISO 9000 processed that can be bought & used by all ages in all 50 states"! SOUNDS AWESOME :) 18 days later when spring started, we heard nothing? 4 months later still not 1 word on it?
5) Since then with nothing happening, no news & no product delivered, the stock has been devastated by the shortys. April to even now it is bad. From May 1 to May 15 the short interest increased 244%? They have shorted at 40% - 60%+ levels on very little volume day after day and have been able to cover in 1 day? They have done this for 3+ months! How nauseating that sounds, those are facts! The naked short you can get from Sec, look at those not called in shares? Began around Jan 2015?
6) None of their websites are updated since Oct 2014? Copyrights dated 2014? I was told about 2 months ago when I asked "Jerry" about the unprofessional outdated sites that won't lure new investors, he said "they had been working on a whole new suite of sites and to expect them VERY soon". Again, that was 2 months ago? This Bristol Media being their "Investor Relations", they need to do a lot better!
Lets look where we are today... no revenue, no product, no investor communication, internet appearance outdated 9 months ago, stock price declining 70% in 90 days with new 52 week lows very recent due to OTC SEC short neglect and BOOM out of nowhere a spinoff of their #1 subsidiary?
Is your head spinning yet? Welcome to a very high risk, currently federally illegal cannabis industry on the OTC. In their defense.
MY DD in regards to this spinoff, past SEC filings & this news press. I am thinking this is actually a very good thing for all. Kush & Kubby and Gravel is technical & scientific divisions. Johnson & Hi Brand Intl are consumer product Hi Brand orientated. I believe TimeBrigg was correct when saying CBDS just took 3 mil off the books, as well as 1 mil in assets, kept all rights as before with Kush (CBDS will still control majority ownership of Kush Patents) but Kubby gets a publically trading company with "no fee perpetual non exclusive license" to his own stuff AND own many shares in "both" companies. That's what I see at the moment. Lets see what the SEC filings say, how many shares is the dividend as well as how any shares will Kush start with? At least we all know what the recently raised $300k Senior note is helping pay for. Historically, spinoffs are good for investors if you can handle the ride.
This may actually lure buying for investors looking to gain free shares of the newer spinoff Kush? The last 12 trades on Thurs, 10 of them were all buys at $2.25 & shortys were at 27% on 10k volume. On Wed July 2nd shortys were 47% on 5k volume??
We may see some buying to cover as well because when this type of thing happens I believe the SEC will make all Transfer Agents post all shares in order to complete the spinoff?? It's literally how they know who gets what shares!
Good luck to all, have great holiday weekend, time will tell on CBDS - I'm watching closely & hope good news by end of Aug
**TO ALL INVESTORS OF CANNABIS STOCKS - until the US Federal government reclassifies cannabis, no institution will touch these stocks! It is as easy as the next president saying "stop all states allowing cannabis" and this will be game over!
DEFINITION of 'Spinoff'
The creation of an independent company through the sale or distribution of new shares of an existing business or division of a parent company. A spinoff is a type of divestiture. Businesses wishing to streamline their operations often sell less productive or unrelated subsidiary businesses as spinoffs. For example, a company might spin off one of its mature business units that is experiencing little or no growth so it can focus on a product or service with higher growth prospects. The spun-off companies are expected to be worth more as independent entities than as parts of a larger business.
INVESTOPEDIA EXPLAINS 'Spinoff'
Spinoffs are a common occurrence; there are typically about 50 per year in the United States. You may be familiar with Expedia’s spinoff of TripAdvisor in 2011, United Online’s spinoff of FTD companies in 2013 or Sears Holding Corporation’s spinoff of Sears Canada in 2012, to name just a few examples.
A corporation creates a spinoff by distributing 100% of its ownership interest in that business unit as a stock dividend to existing shareholders. It can also offer its existing shareholders a discount to exchange their shares in the parent for shares of the spinoff. For example, an investor could exchange $100 of the parent’s stock for $110 of the spinoff’s stock. Spinoffs tend to increase returns for shareholders because the newly independent companies can better focus on their specific products or services. Both the parent and the spinoff tend to perform better as a result of the spinoff transaction, with the spinoff being the greater performer.
The downside of spinoffs is that their share prices can be more volatile and can tend to underperform in weak markets and outperform in strong markets. They can also experience high selling activity; shareholders of the parent may not want the shares of the spinoff they received because it may not fit their investment criteria. Share price may dip in the short term because of this selling activity, even if the spinoff’s long-term prospects are positive.
Can anyone make heads or tails of this press release today??
From what I can tell it is nothing more than another misleading, unclear, behind the scenes action by this companies management.
Is this a real real good thing?? Or is this some watch my right hand while I screw you with my left. Kubby saying win win for all 3... why am I not seeing this outcome.
Kush was one of the few things CBDS had that had any value. I invested in CBDS for that being 1 reason. Do I automatically get shares in Kush because that how that press release made it sound... ""Spinning Kush off as a separate public company removes $3 million in debt from the balance sheet for CBDS, while providing every CBDS shareholder with shares in a valuable new company"... valuable NEW company... wat does that "really" mean
I don't know whether to file a SEC complaint, call my attorney, send some buddies to get their attention...
If this goes stupid south, I promise to have a website for signup to class action suit.
I am on his list... Bristol Media...
Just sent him an email asking why I haven't been getting that info?? Considering I am an investor of record since Aug 2014 and the stock has been shorted to nothing and today is taking a beating again, down 20%+...
Thanks though... appreciate the honesty
Already trading 5x 22 day avg volume and 2x 100 day avg volume... and down she goes...
Shortys yesterday were at 33% on 6k volume... lets see how much of this is them today...
Company email?? Where or what site did you register to get that email?
Considering the "public" press release 3-3-15 stating it would be online and in retail stores "by" spring... that was 4 months ago and now they saying another 30 - 60 days...
Lets hope so....