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The last investor conference was really good for the stock price. I would imagine that this one might be even better since it's the beginning of the year and all. Perhaps we get that push over $1.40 this time and shoot up into the $2 range.
Any thoughts on how January 14th might pan out? Perhaps new pet products unveiled at the same time for a double whammy up?
Looking at the volatility here recently and the volume, I'd say we are near the bottom and getting ready for another 30% - 50% spike up. We will be lucky to see another down day but the bottom for the next few months should be extremely close
we will not get out of this slide/ rut until we get above 1.33. IMO
Considering that it's already expected that we will have a "choppy" 4th quarter per the last conference call, you don't think that expectation is now already baked into the price since it's public knowledge that CVSI isn't expecting a great 4th quarter?
Looking at the volatility here recently and the volume, I'd say we are near the bottom and getting ready for another 30% - 50% spike up. We will be lucky to see another down day but the bottom for the next few months should be extremely close.
So if you are looking for a short term investment for the next few months... that's what I'd be looking for.
However, I'm concerned about the Q4/EOY, so if you are short play, I'd say watch out for the dip after the ER is released. Once that hits a bottom (not sure where yet), then it should be a really nice ride up throughout 2020. That's what should appeal to long term investors.
So there you have it, the short and long game. Gotta pay to play. I'm planning on adding another 40k shares at some point to my long play... just not sure when. I just can't wait for things to get too low or else they will bounce and not come back to these levels for a very long time, if ever.
In my opinion, it's easier to double up from these levels going back to a levels people are good with seeing CVSI at rather than waiting for $2 trying to double up back to $4.
Btw, I can get CBD from the movie rental store- Family Video
Can you point me to 1 of those chewing gums that have CBD and low levels of nicotine and then move you to a CBD only gum to phase out the nicotine?
Better yet, are any of the companies as reputable as CVSI? I personally would love to buy +CBD with 2mg nicotine-polacrilex gum and then phase that out to buy a version with +CBD and 0mg nicotine-polacrilex gum.
Can you please direct me to where I can do that? With a safe company where I can track everything from seed to shelf and that can guarantee what I'm chewing is ACTUALLY what they claim is in the gum?
I'm guessing the answer is NO. When the answer is YES, then I'm a customer.
I've lost so much money on this sorry ass stock that I'm ready to choke somebody!
Even if it doesn't work taking a few minutes from your day to call your reps isn't the worst use of time.
I tried to get our government to mint our own coin w/pot leaf to be able to pay MJ taxes.
you seem to have an issue looking for price-moving catalysts
even saw you buying shares randomly
Maybe you did, but your posts and thought process contradicts that idea
I'm seeing at least one more solid day tomorrow. It's the last day of the conference and I think that management has done a great job so far with speaking with new investors.
The biggest daily results of the week could be on the horizon as patient investors weight in all their options from the different companies they've met with before making their choices.
I think CVSI is positioned exceptionally well for them as an entry point.
Jim... Buddy... All of us invested in this already know about it. We are just waiting to see if good news actually drops because if it does, then we are riding this up to a new leg, could be our $2+ leg. I don't show all my cards or talk about every little thing. Some things I keep tucked away in a little jack in the box waiting to spring out when it actually happens and causes a nice spike in action.
There are a lot of catalysts on the horizon, but I don't want to pump anything on hopes. Now all these new trade marks and domains being registered... THAT'S NEWS! Exciting news too! What's CVSI up to??? I've got a good feeling about those actions.... Government stuff... not so much yet lol
Now that's a nice chart! Hypothetically speaking, "realistic" as well. That goes all the way up to the Q4/EOY earnings too which you would actually see point (6) as your next dip after earnings in this scenario.
Very nice! Thank you for sharing.
Possible epic short squeeze on the horizon? Can anyone confirm with their data? Could be 1-3 weeks? If this happens, then we'll see a pretty damn nice spike when it hits. Who knows where the top would be. We've seen some pretty major shorting going on. That short run might be coming to hard end.
Possible epic short squeeze on the horizon? Can anyone confirm with their data? Could be 1-3 weeks? If this happens, then we'll see a pretty damn nice spike when it hits. Who knows where the top would be. We've seen some pretty major shorting going on. That short run might be coming to hard end.
We shall see I guess.
I know shorts are cleaning up 10% a day here but that has to indicate a squeeze on the horizon. Every time people see too much of a sure thing, that's when it becomes NOT a sure thing.
Vandalayind, with that logic then all CBD companies should be scared of Big Pharma... not just CVSI. So to down 1, you down them all.
There is a bit of a revolution going on out there. You got people getting off drugs to use CBD and you got people getting off cigarettes to vape...
What's next? Gas > Electric cars? Coal > Nuclear Energy? Beef > Plant Based Bugers that taste like meat?
It's a Mad World!
.50 is the absolute bottom. It wouldn't go down past that. Believe me, I'm puking a little even thinking that would happen, but that's your worst case scenario and that shouldn't happen until Q4/EOY reports are out. After that, we could see a repeat of 2018 where this fly's up like crazy.
My hopes are this simply stays above $1 and starts to climb back towards $2, then consolidates around $1.50 on the Q4/EOY report. But, that could change tomorrow if we flirt under $1
Those are the "hopes". Nobody has a crystal ball so who knows what happens. It's all speculation on how the market will react to news and performance. I do see a very bright future in 2020 though. That's why I held my long shares. I feel it's better to accumulate at these levels than to sell out, miss the spikes back up only to buy back at higher prices missing that climb.
The thought is to simply hold those shares till 2020 and then hope for a sweet ride back up where everything I've put in so far will bloom.
Last thing... Think about how Mona's payout effected the stock price. That's a thing of the past in 2020. Imagine adding 9M+ back to next years books, plus all the stores, plus regulations in place, plus Phase 1 research results, ________ < insert anything else there.
It'll be a rocket ship for sure, it's just going to be a little rocky getting out of 2019 but if you focus on the positive news coming in 2020, you'll be able to stomach it.
Some good news for the CBD industry!
We are excited to report that thanks to your advocacy, and the leadership of Senate Majority Leader Mitch McConnell (R-KY) and Senator Ron Wyden (D-OR), four federal banking regulatory agencies – Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, the Federal Reserve, Financial Crimes Enforcement Network – joined by the Conference of State Bank Supervisors -- issued joint guidance confirming the legal status of hemp and the requirements for banks providing financial services to businesses.
Despite the 2018 US Farm Bill clearly permitting financial transactions in the hemp industry, many banks and other financial institutions have been slow to participate, blaming their fear of the risk of federal regulatory crackdowns. Today’s guidance removes much of that concern, such as clarifying that banks do not have to file suspicious activity reports for customers solely because they are engaged in the growth or cultivation of hemp. The new guidance also outlines how the requirements for hemp businesses under the Bank Secrecy Act are different from marijuana businesses.
To be clear, today’s guidance does NOT require banks or financial services companies to engage with hemp businesses, nor is there any specific mention of hemp-derived CBD or businesses that engage in that commerce. Full passage of the pending SAFE Banking Act is still critical to further open up hemp and CBD commerce to financial institutions and credit card companies.
However, it is yet another big step forward, and a demonstration that YOUR advocacy matters, ensuring that our bipartisan congressional friends such as Senators McConnell and Wyden continue to have our industry’s backs.
Please help us get to the finish line by contacting your US Senators today, urging them to support the SAFE Banking Act. When we raise our voices, we win.
EXACTLY! Nailed it Marty.
Do you know when I got hip to the fact how big this was for CVSI? When Andrew Left himself came after CVSI over the patent news. He didn't care about anything else... It was that patent that got him all fired up.
We were on our way to $9+ when that news dropped... remember? Of COURSE you do! Do you remember what the person in the lawsuit said? They were investing because of that Chewing Gum Patent. That's someone that invested some SERIOUS cash here because of that gum...
I have to think that CVSI is going to be REDEEMED when they go through trials in 2020 in Europe and come out looking like a champ when that dust settles. Then they use that as leverage to push things through in the US... DING DING DING... We win.
I might go through some emotional turmoil as I have an idea of what's in store for us prior... Not an easy road... But I know what's at the end of that road and damn it's pretty.
What are YOU doing? Are you some miracle working CEO? You criticize these guys from the side lines. Go watch some YouTubes on them. You'll see exactly what they do. Don't let your emotions get the best of you and attack these guys. They are good people. They are out there busting tail on the daily.
They haven't done or said anything to negatively effect CVSI as a company. So what's your motive for attacking these guys other than you don't like the SP action that is literally effecting an entire industry?
This is all going to be a thing of the past as things ramp up in 2020. I'll save this post for the repost.
Marty,
I respectfully agree. CBD / Nicotine gum has massive potential and that potential is what will attract some of the largest investors to CVSI over other companies in the industry.
Can anyone just make CBD gum? Nope. You have to have a really good R&D company to do this. I personally chew that little 2mg gum like crazy. I don't smoke though. I also take +CBD daily. It would be really great to just chew some CBD/Nicotine gum and chew less gum to the point where I only take the CBD daily and then cut out the nicotine.
The fact is that the nicotine gum works amazingly well.
The fact is that +CBD works amazingly well. But ultimately, I only want to use the +CBD.
Let's also think of the big picture here... What do you think that gum would do for our Market Cap?
If Apple stock was rough, do you think people would throw away their iPhones and Apple products to say that they weren't good? (I don't care for them anyhow now lol). No, they would continue to love their products.
So what I have to say is go ahead and love CVSI products and if you are upset at what is going on in this industry as a whole, don't take it out on CVSI. They've done more than any other company out there to get CBD out to the public in a safe and respectful way.
So love the company... Hate the industry BS going on now and write your congressman. If you are not long or going long then you don't want any stock in this industry now... We are hitting the bottom for another crazy ride up in 2020. This isn't the day to day INDUSTRY for now. This is the MEGA play to get in now for the 2020 ride. Or simply watch form the sideline.
You are not alone here... I've timed up a few great ones but I've held through a few tough ones as well.
I got this email yesterday. I thought it was a good move.
I also love the graphic: "CBD, Is this SH*T even safe?"
I think it was straight to the point. CVSI has taken the biggest SP hit out of all the CBD companies and they don't deserve that. They are responsible, professional, and leaders in the industry. They are clearly as upset as we are about how the industry is getting beaten up.
Can we stop the CVSI vs CWBHF already? It's clear that the SP for both is tethered. I don't go bashing my industry peers... if one falls, they both fall. If one succeeds, they will both succeed. Get pissed at the cheap garbage out there creating havoc on both these companies.
-------------EMAIL SENT TO ME------------
Dear Valued Partner,
We’re reaching out to address the FDA’s recent Consumer Communication and Warning Letters related to CBD. CV Sciences supports their enforcement actions against companies who make unsubstantiated claims that CBD containing products can treat cancer, Alzheimer’s disease, opioid withdrawal, etc. These companies put consumers at risk, while giving responsible companies, who have done their due diligence, a black eye.
That said, we are disappointed in the alarmist tone used by the FDA in their consumer update, which was released simultaneously with the Warning Letters, regarding the safety of CBD, in that they did not differentiate the vast range of products, servings, and ingredient forms. We agree with the FDA in that there are currently products that raise safety concerns due to their high levels of CBD or that are being marketed to children. As an industry leader, CV Sciences has conducted scientific studies (CVSI GRAS + J. Toxicology) on our specific hemp extract, made through a proprietary process, and considered the levels of CBD and our target consumer population to determine a safe amount that raises none of the potential health risks identified by FDA.
At CV Sciences, consumer safety is our top priority. The FDA stated that it cannot conclude that CBD is generally recognized as safe (GRAS) and this is because a GRAS affirmation is directly linked to a specific ingredient and conditions of use (serving size, age restrictions, etc.). To this point, we can share our research that supports the safety of our specific ingredients for our intended consumer. We believe that the FDA’s statements that CBD is not GRAS are directed toward companies that have piggy-backed on our research, without addressing the significant differences in ingredients, products, levels of CBD and serving size recommendations.
Furthermore, we advocate that the industry limits CBD to dietary supplements and topical products only—not as a food additive. We took this stance at the May 31, 2019 FDA public meeting and continue to support it. We’re optimistic that the FDA shares our goal to create a clear, regulatory path for science-based, hemp-derived CBD ingredients as dietary supplements, that provide an appropriate and safe level of CBD. Lastly, we welcome the opportunity for the FDA to draft regulation allowing for CBD as a dietary supplement, provided the industry, as a whole, responsibly steps up with sound science and research.
Questions? I’m available to address all of the above and to provide further clarification. Please contact Anissa Medina to schedule a call: anissa.medina@cvsciences.com.
I agree. It was a great statement by Duffy. I agree that CVSI has been VERY professional. Unfortunately for investors, when the music stops, WE will have lost our seats, shorts, pants, underwear, roofs, retirement plans... you get where I'm going.
What a disappointment this entire industry has turned out to be.
Last year, everything was looking so promising. Even through the downfall this year there seemed to be a silver lining. There is no fighting with the FDA. The lack of legislation has been devastating.
These news articles are crushing... I thought for sure we'd see a little drop today but this was a lot worse of a day than I thought it would be.
Can we really be hopeful at this point? They are going to run every company into the ground by the end of the year. We'll all be lucky to come out alive.
I know he's bashed here on the regular but seriously... Vandalayind called this. Perhaps not in this way, but the outcome has been the same. I was lucky enough to think more about his point of view very late, but I'm better off now than I would have been just holding. Don't get me wrong, still holding some major bags but it's starting to be worth less then the paper the shares would be printed on.
Until 2020, after regulations are out, don't expect much here or anywhere else in the sector. Too many people with their foot on the necks of good companies.
I don't expect CVSI to hold here either. Not until after Q4 '19 or Q1 '20
You've been right on a lot of cases and since I've retrained myself to think more objectively it's helped.
I do however expect bounces with industry news but I've seen that happen in other stocks I wouldn't dare touch as well.
CVSI 8-k SEC filing just now.
Separately after spending some time on the CW site their subscription service is genius. I hope CVSI steals that ASAP.
No, I meant 400.
Exit 1.33 with 20k shares, day trade to make $3k, @ 1.50 per share it's a .17 difference from my exit x 20k is $3400 minus $3k made. Therefor a $400 loss.
I could still get in at 1.38 and be up 2k. But I'm leery of today's price action. This is why I feel that tomorrow should be the tell tale sign. Is this for real or will this gain be short lived only to drop back to today's opening price.
As I mentioned I am still holding a large position so it's really a win win either way.
1) Current price goes up and I put back what I took out.
2) Price goes back down and I day trade what I have out and accumulate additional shares slowly.
I'm just done holding, doing nothing from $3+ to $1 with hopes and dreams that get shattered on the daily. They don't make a magic CBD formula to help with that kind of stress.
We'll see how it plays out. I dumped at 1.33 to make $3k and save on additional potential losses... BUT, I could get burned if we have a big run up to 1.50. That would be a $400 loss. Tomorrow should be the tell tale sign. If we have that run to $1.50 tomorrow then we are establishing lost ground and the trend should be up. If we see a dip back to 1.20 then today was just a fluke spike and the trend should continue down to 1.10.
I'm just hoping that we don't see .50 on the 4Q EOY results. I'd probably puke a little. It was nice to see a full week of losses recouped in one rally session today.
This was a nice little run. Picked up about 23k shares this morning at 1.16 and then dumped for a quick turn on this pop. If it drops back tomorrow, I'll do the same. If it keeps running... got my long shares for the ride up Win Win Win.
It will eventually. Even if we push into sub $1 range before the end of the year I still feel like mid 2020 we are back up to $3-$4. Just think of how many people said they would buy like crazy at $1, how many people are holding now or exited already to buy back on a reversal with more shares for the ride up.
I personally fit all of those scenarios. It's just the SP shuffle until a real catalyst changes the current trend.
It's just no fun being in the "here and now" waiting.
Thank you!
I probably just missed the discussion here. I won't reopen the topic. I'll read through the posts here and reeducate myself.
Thank you.
I'm no expert but a simple Google search said:
NASDAQ SmallCap Market Listing Requirements
Small capitalization companies can be listed on the NASDAQ SmallCap Market if they have either:
Net tangible assets of $4 million,
$50 million market capitalization, or
Net income in the latest fiscal year or two of the past three fiscal years of $750,000.
In addition, these companies must have a public float of $1 million, a market value of the public float of $5 million, a minimum of 300 shareholders, and at least three market makers. Also, these companies must have an operating history of at least one year or $50 million market capitalization. The initial minimum bid price is $4.00 and the same ongoing minimum bid price and peer review requirements as are set forth above apply.
NASDAQ isn't happening anytime soon. We have to be at $4 a share for that. Best case scenario is mid to late 2020 in my opinion only. That type of run will take a good 3-6 months of solid news and QoQ numbers.
The way we stand out is by branching out globally (which they are), thinking of other ways to use CBD (which they are coming up in 2020), helping legislation to pass (yup, we are doing that as well), keep improving the website which is boosting sales (doing that), keep getting in more store (still going strong), increase manufacturing (done), keep cash on hand and grow responsibly (done), and a huge factor.... ready for it? GET OUT OF 2019 alive... that's what we are working on now. Looking at only numbers, that 9mil Mona payment WRECKED the books this year. So we need to hold steady for 2020 when that's all behind us and the skies are blue, the birds are chirping, legislation is passed, the company is healthy and THEN get seriously aggressive with marketing and stomp the competition when the market is primed. CVSI is priming up now, that's good, but the market will be ready in 2020.
So until 2020, we simply maintain the course and break out the life preservers because it's going to be a rough ride, 3-6% drops on the daily with a day or two recovery at best. Ride the pain train or wait for 2020... That's the play.