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Tomorrow will be back above $3.75. If I’m wrong, I’m out.
It doesn't scale via brick and mortar locations. That's why CVSI can't get past earnings of $.01 per share. Regardless if CVSI has 1,000, 2,000, 3,000 or 4,500 old school, 20th Century Brick and Mortar locations heading out of business like Kroger. Read the Q, the most important line in it states;
CV Sciences' operating expenses increased nearly 86% year over year to $10.7 million.
Naivete
Back around $3.90 by eod
2 things, Dow down big whole sector affected
2.2m shares traded. cant bounce so far. I added as I think someone may try and take them out for like $7 at this point.
This is a joke.
I see a gap down after fantastic earnings?
Would it be time to hang up the cleats?
Any word from the company on the hold up?...or just "talking" still?
Ridiculous.
Endless 4's for sale. Possibly to the tune if 60Mish.
Stores" and "Legislation" pump failing badly
Who can really afforded cbd 3 times a day.
With 2 years remaining on my warrants I'm wondering if now's the time to exercise 1/2 of them.
Bottom at this level?
Posted on 8/20/2018 - 345 days ago Ask Nasdaq CEO, he is letting this in, in his exchange
alright.. WTF is this? scam?
Will be traded over $10 in few days. Blue Sky. $25 in 6 months.
CVSI will keep going up now that investors know we have a products in major retail chains.
I guess my point about CVSI uplisting was things are most likely going to be a little turbulent at first.
CNBC Kroger's Shares Plunge After Earnings Miss:
https://www.cnbc.com/2019/03/07/kroger-shares-plunge-after-earnings-revenue-miss.html
Reuters: Krogers Shares Slide 14% - CVSI's Great Hope Is Falling Knife
https://www.reuters.com/article/us-kroger-results/krogers-3-billion-splurge-set-to-hit-earnings-shares-slide-idUSKCN1QO1JT
Amazon Gearing Up As Krogers Worst Nightmare:
https://www.businessinsider.com/amazon-could-be-planning-walmart-kroger-and-aldis-worst-nightmare-2019-3
Krogers. Really? That's CVSI's Great New Location(s)? Let's look at the FACTS
Kroger is a 20th Century business in a 21st Century World.
Krogers has a 17.3 Billion Dollar Market Cap currently sitting at a 52 week low while the market is breaking new record(s) every second or third day. Krogers is NOT where CBD Buyers Shop. It's old school
Now a REAL 21st Century Company; Amazon
Let's compare Krogers Market Cap 17.3 Billion. Amazon's Market Cap 973 Billion Amazon is 56 Times Larger and growing daily. Krogers is shrinking. EPS - Kroger's Earning Per Share = $2.28 Amazon's Earnings Per Share $23.66 10x the size and growing. Latest Q earnings, Krogers $.72 Amazon's $7 02 Krogers Buy / Sell Ratio 2-2 Amazon's 5-0 Krogers is at a year mow, Amazon is at a year high. One company is growing, the other old school dying. Lastly under NO CONDITION will Amazon do business with an OTC Company with adverse accounting opinions where Kroger is so desperate they'll do business with anyone. They're dying and they know it. I've handed you FACTS "Tic Toc" and "I have no doubt......" are anything but. 390 days awaiting the NASDAQ "uplist" speaks for itself. It's NEVER happening, N E V E R
Perfectly stated!
Saying you are up over 1000% is the most rediculous comeback and is the typical response here. It's old and no reason for anyone to enter now. It's more a reason to scare people that it will drop. Its steadily fallen for 9 months with few pops. And the uplist excuse is a year old as well. Any good news in the market or with financials has always seen a drop in price. It's time for some better comebacks that to boist about your luck. This board has been very dull and has really just become a chat room for longs from over a year ago so you have to mull through the nonsense for any real news
even worse....imagine having a large stake in GBLX!
Another 10% drop in volume for CVSI today as just barely over 300,000 shares were traded! Additionally a 4:07 P.M. T-Trade continued the daily painting of the ticket. A humongous 100 share trade magically moves the price for CVSI from $4.11 where it will inevitably begin it's slide in the A.M. to $4.20 - This daily occurrence is so.predictable it's laughable.
CVSI again in the red, still no "uplist" to NASDAQ, volume down to 338,000 shares traded daily. It could be worse, imagine being in TRT§
Any news on the CVSI "uplist" to NASDAQ? The applications "only" been in for ONE YEAR and 24 days.
Business is boomin.
Maybe people who bought a special sauce theory are developing doubts?
CVSI's new savior is Kroger?
Me thinks not
Kroger takes 7 Billion Dollar Hit As Old School Retailer Struggles vs Amazon
https://www.denverpost.com/2017/06/19/kroger-loss-amazon-deal/
Kroger Stock falls 30% from 8-11-2018 through today from $31.39 to $22.05
CVSI on NASDAQ yet?
Nope.
CVSI "we're in 1200 stores, no 1,500 stores, no 2,000 stores, no 2,500 stores, no, CVSI passes magical 3,000 stores carrying our PlusCBD" HMMNNN, 3,000 stores." Wow, CVSI now in 4,000 stores with 20 million in sales. Some quick math shows $5,000.00 per store or $13.69 per day, per store. Revenue, revenue, revenue! Profits? None. Price to Earnings ratio an absurdly ridiculous 1,375 P/E. The average beggar sitting in front of Kroger with a cardboard sign saying "Veteran, please help" Gets more given to him then the astronomical $13.69 per day per store CVSI sells. No NASDAQ, no profit, no anything but hype. REPORTED: Montana Jack From Big Sky Country.
A few things left out - Michael Mona Jr GIFTED WITH Twelve (12) MILLION stock options issued at an average of $.38 for a stock selling at $5.50 ? (a $61,440,000.00 GIFT - SIXTY ONE MILLION FOUR HUNDRED FORTY THOUSAND DOLLARS) given to their suspended former CEO Michael Mona Jr. who in 2018 became BARRED from holding ANY position in ANY public company not including the hefty fine he paid along with the SEC Suspension. SIXTY ONE MILLION FOUR HUNDRED FORTY THOUSAND DOLLARS to a convicted fraudster. CVSI LOST money in 2015, 2016, 2017 and in 2018 self reported a profit of $10,001,000.00 or 1/6th the gift given to Mr Michael Mona. The net profit was signed off on by their CPA Anton and Chia but that presents another problem.
The SEC disciplined CVSI’s accountant and auditor Anton and Chia stated in the citation below as clear fraud, manipulation and subsequent discipline
www.lexissecuritiesmosaic.com/...
Are they to be trusted?
In 2011, Michael Mona was on trial in California for fraud. After the trial, the court (Judge Riegle) stated; “Mr. Mona intentionally defrauded the plaintiff by “misrepresent[ing] material facts and conceal[ing] other material facts.” The California Superior Court found that Michael Mona committed fraud and awarded plaintiff Far West a $17.8 million dollar judgment against Michael Mona — both individually and in his capacity as trustee of the Mona Family Trust. In order to avoid paying the proceeds of the Judgment Mr. Mona wanted to file Bankruptcy but he couldn’t. He had previously filed in 1999 (case # 9912412) discharged on January 4, 2006. He therefore formed the “Mona Family Trust” and moved ALL his and his wife’s assets to The Mona Family Trust. However, The California court also found that Michael Mona was the alter ego of the Mona Family Trust, and that both Michael Mona and the Mona Family Trust were liable for damages awarded to Far West. Far West then domesticated the California judgment in Nevada against Michael Mona and the Mona Family Trust for damages caused by his fraud.
(Source: Far West Indus. v. Mona, et al., California Superior Court, Riverside County, No. RIC495966.)"
The collection of this judgment by Far West is still being litigated today.
Source: caselaw.findlaw.com/...
Additionally On December 14, 2017, the USPTO made a final rejection decision on CVSI Patent Application for their drug CVSI-007 and mailed CVSI a letter indicating the final rejection status of its Patent on December 20, 2017. Defendants CVSI Failed to Disclose to Investors That CV Sciences, Inc.’s Patent Has Been Rejected. After being notified of both the non-final and subsequent final rejection decisions on the Patent, Defendants failed to make any disclosures or statements regarding the Patent’s status, despite the Company’s self-proclaimed “effective” disclosure controls and procedures. There is currently a court approved class action suit working its way through the courts against Mona, current CVSI CEO Joseph Dowling and of course CVSI.
Source: Case 2:18-cv-01602-JAD-PAL Document 1 Filed 08/24/18
Link: securities.stanford.edu/...
The stockholders of CVSI are counting on an “uplist” to NASDAQ filed 250 days ago.
TWO HUNDRED FIFTY DAYS. A typical NASDAQ Listing takes 4-6 weeks.
Source: NASDAQ Listing Requirements Page Four
Link; listingcenter.nasdaq.com/...
With Mona’s fraud conviction, SEC Suspension and fine, the discipline of CVSI’s accountant and auditor Anton and Chia as clear fraud, manipulation and subsequent discipline, along with Mona Jr leaving his son Michael Mona III at CVSI in the official title of Co-Founder & Chief Operating Officer being paid $681,752.00 in 2018 not including HIS stock options as his proxy it’s pretty clear who always has and is still running CVSI gaining more then all its stockholders combined. A convicted fraudster and SEC Suspended and Fined bad actor, along with holding 25 % +/- of the 99,000,000 share float it certainly appears to be Michael Mona Jr.
Per SEC rules, no company may raise capital if any officer, director, promoter or beneficial owner of 20% or more of its equity is a “Bad Actor”.
Is Michael Mona Jr a SEC defined “Bad Actor?” He certainly qualifies under ALL The SEC “Bad Actor” definitions. Overview of the Bad Actor Rule
The “Bad Actor” rule is codified as new paragraphs (d) and (e) to Rule 506. Rule 506(d)(1) provides that the exemptions in Rule 506(b) and Rule 506(c) are not available if the issuer or any associated person is statutorily disqualified. This includes all of the following:
1. issuer = the company selling securities, any predecessor of the issuer (prior entity), and any affiliated issuer
2. associated persons =
· Directors, general partners, and managing members of the issuer;
· Executive officers of the issuer, and other officers participating in the offering;
· 20 percent beneficial owners of the issuer;
· Promoters;
· Investment managers and principals of pooled investment funds; and
· Any person compensated for soliciting investors.
Source and Citation:
www.sec.gov/...
www.lexisnexis.com/...
“CVSI will never be traded on a real stock exchange.” The bad actors, convicted fraudsters, SEC Enforcement Actions, Class Action Lawsuits and so much more has seen to that.
Apr 27, 2019. 02:35 AM
Link
CV Sciences, Inc. SEC Filing - Proxy Statement (definitive) (DEF 14A) April 26, 2019 -
Thankfully CVSI isn’t included in this new Cannabis ETF
If you're playing a poker game and you look around the table and and can't tell who the mark is, it's you.
Due Diligence Regarding CVSI Uplist
Michael Mona Jr. is a serial OTC Fined and Enforced Former Company Head. He’s been proven by the citations below by the SEC, FINRA and U.S. Federal Court as being dishonest and has far too many liens, judgments, bankruptcies and enforcement actions then can be listed here for CVSI to be uplisted to NASDAQ or any other real stock exchange. That’s why they’re stuck in the OTC. Some of these an 18+ million dollar judgment;
Michael Mona Jr also filed personal bankruptcy ruled on by Judge Riegle;
Joseph Dowling, current CEO since Mona’s. substantial fine and suspension. refused to pay $95,785.00 he legally owed in Federal Income Taxes. He was sued by the creditor, The United States Government represented by the Internal Revenue Service. The Government clearly won their case # 98098644 and he was slapped with the underlying Federal Tax Lien in U.S. Federal Court Final Judgment Hearing # 9198756
Joseph Dowling also refused to pay duly owed state taxes in the amount of $8,482.00 in State Court Hearing CAORAC1 in State Court Hearing # 95309318 and was duly convicted and a CA.State Tax Lien was placed upon him and everything he owned
Joseph Dowling also refused to pay a second Ca. State Tax Lien in a case styled CA. Vs Joseph Dowling Hearing # 95218174 - He was convicted and a CA. State Tax Lien was placed against him and everything he owned in the amount of $9,122.00
There are numerous other judgments, liens, lawsuits, FINRA and SEC Enforcemnt Actions against Messrs Mona and Dowling, additionally CVSI’s main financier, John Millar Fife has numerous SEC Enforcement Actions, Suspesions and Lawsuits filed against him. Many of the lawsuits were to disallow the financing as fraudulent, usurious and attempted to clawback the millions upon millions of profits he made or as the suits state allegedly stole from unsuspecting and naive investors. Fife works under numerous corporate veils. In addition to the Iliad LLC he used to loan CVSI money you will also find him making toxic, death spiral convertible dilutive loans under the names; Tonaquint, Tangiers, Chicago Ventures, JVF Holdings, Inter Mountain Capital I Inc and Utah Resources. Many of these can be seen cited at the links below;
www.sec.gov/...
www.sec.gov/...
www.sec.gov/...
www.sec.gov/...
Fife himself was suspended by the SEC in August of 2007 which included his having to pay a hefty fine. The suspension was for a minimum 18 months before he could apply for reinstatement.
www.sec.gov/...
Sometimes Fife used his wife until she was permanently barred from any position by the SEC in 2015;
brokercheck.finra.org/...
In the case of Anton and Chia, CVSI’s Former Auditor it’s even more clear; The SEC disciplining CVSI’s accountant and auditor Anton and Chia is stated below as clear fraud, manipulation and subsequent discipline
www.lexissecuritiesmosaic.com/...
Any one of the aforementioned liens, judgments, enforcement actions, lawsuits, claw backs and suspensions are enough to deny an OTC Companies uplist application. Taken in their entirety the prepondence Of evidence is overwhelming. CVSI due to far too many dirty hands, bad actors acting in bad faith will force NASDAQ to deny the uplistapplication. At this point you are probably asking yourself “why haven’t they been denied yet?”
The answer is Nasdaq is entrusted with the authority to preserve and strengthen the quality of and public confidence in its market. Nasdaq stands for integrity and ethical business practices in order to enhance investor confidence, thereby contributing to the financial health of the economy and supporting the capital formation process. Nasdaq Companies, from new public Companies to Companies of international stature, are publicly recognized as sharing these important objectives.
NASDAQ Rule IM-5101-1. Use of Discretionary Authority
To further Companies' understanding of Rule 5101, Nasdaq has adopted this Interpretive Material as a non-exclusive description of the circumstances in which the Rule is generally invoked.
Nasdaq may use its authority under Rule 5101 to deny initial or continued listing to a Company when an individual with a history of regulatory misconduct is associated with the Company. Such individuals are typically an officer, director, Substantial Shareholder (as defined in Rule 5635(e)(3)), or consultant to the Company. In making this determination, Nasdaq will consider a variety of factors, including the nature and severity of the conduct, taken in conjunction with the length of time since the conduct occurred whether the conduct involved fraud or dishonesty; In the cases of Mona, Fife (“Iliad”) and Anton and Chia this applies. Mona committed fraud, paid restitution and voluntarily took a 5 year suspension. Fife (“Iliad”) is even more clear.
However because the company paid the initial $10,000.00 application fee NASDAQ can and will review each and every reason why the application may be denied allowing the company due process to explain, reason and attempt to have themselves excused from such egregious behavior. This occurs during a question and answer period in which NASDAQ may ask for testimony under oath or documentation in support of the companies reasons and excuses. Obviously as witnessed by CVSI’s application this can take an extended period of time. It is generally recognized by those familiar with this process the longer it takes the less like the application will be approved.
All of the aforementioned along with the other questions in the case such as the Food, Drug and Cosmetics Act prohibiting interstate commerce of food containing cannabidiol (CBD) or tetrahydrocannabinol (THC) since it is an active ingredient in an FDA-approved drug, (Epidolex) along with the issue of GW Pharma and their use of CBD in what is now an approved medication may create Anti-Trust Issues.
Indeed In a statement, FDA Commissioner Scott Gottlieb, M.D. says the passage of the U.S. farm bill, now called the Agriculture Improvement Act of 2018 since it is law, does not diminish the agency's regulatory oversight role related to cannabis-containing food and drink.
He stated the FDA will be diligent in monitoring the hemp marketplace to ensure that makers of non-approved products are not making unsubstantiated medical claims.
Also The farm bill is a complex matrix of provisions intended to help farmers already in the business of growing food and fiber for domestic consumption and export. It would also include certain restrictions on imports of food and fiber. These are mostly private enterprises running from small operations of a few acres up to multi billion dollar operations requiring annual financing to the tune of hundreds of millions. Farmers are also, by nature, conservative. They wouldn't, at first, fall all over themselves to commit large amounts of capital to hemp production just to supply some hemp by products to sell to the health and wellness businesses. Which means this is a tiny provision within the total package and not exactly something the politicians who must vote on the bill are deeply concerned with. CVSI and other Hemp, CBD and THC product investors, however, pay no attention to what the politicians are debating about among themselves. Ultimately a bill must please the President, wacko that he is. He has closed the Government for the longest length in the history of the Republic just to close off the entire border with Mexico. CVSI “investors” are trying to simplify what is a very difficult piece of federal legislation with provisions that will have an impact on farming revenues for years to come. Hence that’s why it is called The Agriculture Improvement Act not The “CBD Act” nor The Hemp Act.
The preponderance of the evidence based upon NASDAQ Rule 5101 in addition to the other aforementioned evidence makes an uplist approval highly suspect and highly questionable. Why do you think it’s been 6 months during which other companies have applied and been approved and CVSI hasn’t?
This is true, deep due diligence into this question I personally performed when keeping with my decision to never be a “long” in any OTC Company in which I am not the principal stockholder, financier nor one of the principal stockholders or financiers.
There is no inclusion of CVSI in this new Cannabis ETF
There'll be no uplist for CVSI, NEVER!
Well written article - https://seekingalpha.com/article/4274080-cv-sciences-deceivingly-overvalued
He over values the ticker a bit at $1.38 but all in all well written with fair DD.
Post #
47898
of 51791
Patience Grasshopper, in the not to distant future they LAST thing you'll want to see is $6.00's
I have zero reason to believe anything will de-rail this company. I expect $10-15 by Dec 31.
I can care less about CW they will be in CVSI's rear view mirror soon enough! While they try to play catch up.
UPLIST SOON!
95% Agree with this post:
I have seen which you have described many times about stocks up listing, failing to hold and then retracing all the way back down and eventually either reverse splitting again or getting delisted all together. Although, there is a subtle difference between when a company has to do a reverse split to get their price point up to become up listed versus CVSI already holding a strong base in the 4.00-5.00 dollar range waiting to up list. I was trained as a day trader but found I was a better investor and swing trader. My point is in day trading your taught to look for new companies that up list as many eyes will be on them which should excite and create volume especially for the first day or week and once the new fade wears off the volume drops along with the PPS. These sorts of companies often fail to attract long term investors especially if they have sorry fundamentals even before up listing. Not having solid long term investors to support the PPS means not much support. So once the excitement hits you see a great leap in share price followed by an often dramatic retrace and then a slow grind downward. Often times this is bad for long term investors as they pull up the chart and see a huge spike followed by a sharp correction and downward trend and that's where they end with their research and simply just move on. CVSI has great fundamentals strong support in a great price range and another company to even compare it to which shows that it's actually a steal at the moment. When we up list IMO we will see a spike as we will be the hot item when we do but we should not see that bad of a correction as like I said we have solid long term investors and I believe we will have institutional investors looking at taking a stake in it then creating a higher base more relevant to it's sister company Web. Either way no red flags going into up list, only strong revenues in a high demand market that's being watched and traded enormously and only expected to grow we should be just fine. IMO I don't see the price at least any lower then what it has been trading at during the consolidation period for sure.
Once we get on Nasdaq, many of us will be close to retiring early...