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Here's the "context": CVSciences has DEFAULTED
ON A $130,000 payment !! That's $130K !!
Wow! Who saw that coming??!! LOL.
This company is "running on fumes"
Possible CV Sciences BANKRUPTCY identified in SEC filing
See SEC Form 8-K (dated May 24, 2022) filed by CV Sciences regarding its DEFAULT on the May 17, 2022 payment due on "the November Note".
June 2: Will everything be illuminated? LOL
CV Sciences' Lengthy Decline
CV Sciences' FY2022Q1 10-Q
CVSI has been on a decline for years.
Only "SHARES OUTSTANDING" is increasing, i.e., DILUTION :
CV Sciences
STOCKHOLDER SHARES
REVENUES CASH EQUITY OUTSTANDING
( $M ) ( $M ) ( $M ) ( M )
2018
Q2 12.3 7.2 21.8 90.9
Q3 13.6 11.0 25.8 94.6
Q4 14.2 12.7 30.1 94.9
2019
Q1 14.9 13.6 30.9 98.5
Q2 16.9 15.7 34.3 98.7
Q3 12.6 14.2 33.2 98.8
Q4 9.4 9.6 29.1 99.4
2020
Q1 8.3 7.6 25.4 99.9
Q2 5.4 8.1 * 22.0 99.9
Q3 5.6 6.1 * 19.4 100.0
Q4 5.2 4.5 * 11.2 100.7
2021
Q1 4.8 5.7 * 12.0 106.8
Q2 5.1 3.0 * 10.0 108.5
Q3 5.1 1.7 * 11.1 109.9
Q4** 5.0 1.4 * 3.5 112.5
^
Stockholder Equity
Reduced by ~70% in one quarter.
2022
Q1** 4.4 2.4 * 4.0 122.8
* INCLUDES PPP$2.9M "LOAN", i.e., FEDERAL CHARITY, forgiven in FY2021 Q3.
** Applied for $2.0M MORE FEDERAL CHARITY (Employee Retention Credit) under the CARES Act.
CVSciences "a bargain"? READ THE AUDITOR'S REMARKS:
From CV Sciences' 04/04/2022 10-K:
and
CVSI's cash burn:Remember Ina, et al.
Given CV's cash position and burn rate, those bills must be $1's. LOL.
CV Sciences' CASH BURN: Ina Settlement
CVSI FACTS - So Sad
Share Price History
What's happened with CVSI Share Price since August 2018 ?
Regarding DILUTION:Don't forget the CONVERTIBLE NOTES
https://ir.cvsciences.com/all-sec-filings/content/0001510964-22-000006/0001510964-22-000006.pdf
Note the "full-ratchet" provision, described by "vcexperts.com" as follows:
CVSI's cash? Remember Ina, et al.
CV Sciences' CASH BURN: Ina Settlement
Independent Directors Purged from CVSciences' Board
CV Sciences' 04/05/2022 14A p12:
Current CVSI Stockholders: NULLIFIED and DILUTED
CV Sciences' FY2021 10-K:
Auditors Doubt CV Sciences will Survive
From CV Sciences' 04/04/2022 10-K:
and
NOTE: Definition of "Going Concern" in Finance & Accounting:
CV Sciences' Lengthy Decline
As bad as CVSI's cash position of $1.4M is in itself, it's MUCH WORSE when viewed in the broader context of CV Sciences' overall decline as a viable business.
CV Sciences' Long Decline ACCELERATED in the last quarter.
CV Sciences' FY2021 10-K
CVSI has been on a decline for years. But in Q4 STOCKHOLDER EQUITY DROPPED NEARLY 70% .
Only "SHARES OUTSTANDING" is increasing, i.e., DILUTION :
CV Sciences
STOCKHOLDER SHARES
REVENUES CASH EQUITY OUTSTANDING
( $M ) ( $M ) ( $M ) ( M )
2018
Q2 12.3 7.2 21.8 90.9
Q3 13.6 11.0 25.8 94.6
Q4 14.2 12.7 30.1 94.9
2019
Q1 14.9 13.6 30.9 98.5
Q2 16.9 15.7 34.3 98.7
Q3 12.6 14.2 33.2 98.8
Q4 9.4 9.6 29.1 99.4
2020
Q1 8.3 7.6 25.4 99.9
Q2 5.4 8.1 * 22.0 99.9
Q3 5.6 6.1 * 19.4 100.0
Q4 5.2 4.5 * 11.2 100.7
2021
Q1 4.8 5.7 * 12.0 106.8
Q2 5.1 3.0 * 10.0 108.5
Q3 5.1 1.7 * 11.1 109.9
Q4** 5.0 1.4 3.5 112.5
^
^
^
Stockholder Equity
Reduced by ~70% in one quarter.
* INCLUDES PPP$2.9M "LOAN", i.e., FEDERAL CHARITY, forgiven in FY2021 Q3.
** Applied for $2.0M MORE FEDERAL CHARITY (Employee Retention Credit) under the CARES Act.
For God's Sake, READ THE 10-Q
https://www.marketscreener.com/quote/stock/VIVOS-INC-120789858/news/VIVOS-INC-Management-s-Discussion-and-Analysis-of-Financial-Condition-and-Results-of-Operations-f-40334263/
Vivos looks to me like , at best, "one guy in a lab".
READ ALL OF THE 10-Q !!
"Short squeeze" ?
Those 200 warrants must be relatively "slim" now. Tick tock, tick tock . . .
Just a comparison
By the way, how'd those DWAC warrants do ?
LOL.
FAIL?! He grew CVSciences' revenues dramatically!
https://www.linkedin.com/in/josh-hendrix-93018b2b
CV Sciences FY2016 10-K
CV Sciences FY2019 10-K
Josh Hendrix: Relationship to CVSciences and Hemp
https://www.linkedin.com/in/josh-hendrix-93018b2b
https://www.facebook.com/pg/DriftExtractsWI/posts/
CLICK HERE to Watch the VIDEO referenced above.
The segment from ~ 51:10 to 53:45 mentions CV Sciences' management and contrasts it with Charlotte's Web's.
CV Sciences Lengthy and Pervasive Decline
As bad as CVSI's cash position of $1.4M is in isolation, it's MUCH WORSE when viewed in the broader context of CV Sciences' overall decline as a viable business.
CV Sciences' Long Decline ACCELERATED in Q4
CV Sciences' FY2021 10-K
CVSI has been on a decline for years. But in Q4 STOCKHOLDER EQUITY DROPPED NEARLY 70% .
Only "SHARES OUTSTANDING" is increasing, i.e., DILUTION :
(Note: Check out the April 15 DEF 14A: As of March 31, 2022, Shares Outstanding had grown to 122M with plans for STOCKHOLDER NULLIFICATION and much MORE DILUTION in place.)
CV Sciences
STOCKHOLDER SHARES
REVENUES CASH EQUITY OUTSTANDING
( $M ) ( $M ) ( $M ) ( M )
2018
Q2 12.3 7.2 21.8 90.9
Q3 13.6 11.0 25.8 94.6
Q4 14.2 12.7 30.1 94.9
2019
Q1 14.9 13.6 30.9 98.5
Q2 16.9 15.7 34.3 98.7
Q3 12.6 14.2 33.2 98.8
Q4 9.4 9.6 29.1 99.4
2020
Q1 8.3 7.6 25.4 99.9
Q2 5.4 8.1 * 22.0 99.9
Q3 5.6 6.1 * 19.4 100.0
Q4 5.2 4.5 * 11.2 100.7
2021
Q1 4.8 5.7 * 12.0 106.8
Q2 5.1 3.0 * 10.0 108.5
Q3 5.1 1.7 * 11.1 109.9
Q4** 5.0 1.4 3.5 112.5
^
^
^
Stockholder Equity
Reduced by ~70% in one quarter.
Not "OK". Bad link.
The link does not open a document from 2018 -- actually it's expired and doesn't open anything useful. Given the URL (https://www.sec.gov/ix?doc=/Archives/edgar/data/1750155/000175015522000041/cweb-20211231.htm) , I suspect its for an FY2021 filing.
Here's a screenshot of the first of the SEC filings (Filing Date Asc) -- 2 from 2018 -- neither is a 10-k. After those 2, the next filing is from 2021:
In any case:
Here's what REALLY HAPPENED:
REORGANIZATION
Charlotte's Web Holdings, Inc. Completes Private Placement
NO EQUIVALENCY between Charlotte'sWeb and CVSciences
Its AUDITOR'S OPINION on CV Sciences' questionable survivability illustrates that.
From CV Sciences' 04/04/2022 10-K:
NOTE: Definition of "Going Concern" in Finance & Accounting:
FY2021 10K: Doubt CV Sciences' Survivability
From CV Sciences' 04/04/2022 10-K:
and
NOTE: Definition of "Going Concern" in Finance & Accounting:
"10.k Aug 30" !? POST THE LINK.
There is NO such "10.k Aug 30"
Here's what REALLY HAPPENED:
REORGANIZATION
Charlotte's Web Holdings, Inc. Completes Private Placement
You misrepresent Charlotte's Web's IPO Process
REORGANIZATION
Charlotte's Web Holdings, Inc. Completes Private Placement
CVSciences Current Stockholders: NULLIFIED and Diluted
CV Sciences' FY2021 10-K:
AUDITOR has SUBSTANTIAL DOUBT about CVSciences viability
From CV Sciences' 04/04/2022 10-K:
NOTE: Definition of "Going Concern" in Finance & Accounting:
That 55% CVSI share price drop is justified
CV Sciences' Long Decline ACCELERATED in Q4
CV Sciences' FY2021 10-K
CVSI has been on a decline for years. But in Q4 STOCKHOLDER EQUITY DROPPED NEARLY 70% .
Only "SHARES OUTSTANDING" is increasing, i.e., DILUTION :
(Note: Check out the April 05 PRE 14A: As of March 31, 2022 Shares Outstanding had grown to 122M with plans for MUCH MORE DILUTION in the near-term.)
CV Sciences
STOCKHOLDER SHARES
REVENUES CASH EQUITY OUTSTANDING
( $M ) ( $M ) ( $M ) ( M )
2018
Q2 12.3 7.2 21.8 90.9
Q3 13.6 11.0 25.8 94.6
Q4 14.2 12.7 30.1 94.9
2019
Q1 14.9 13.6 30.9 98.5
Q2 16.9 15.7 34.3 98.7
Q3 12.6 14.2 33.2 98.8
Q4 9.4 9.6 29.1 99.4
2020
Q1 8.3 7.6 25.4 99.9
Q2 5.4 8.1 * 22.0 99.9
Q3 5.6 6.1 * 19.4 100.0
Q4 5.2 4.5 * 11.2 100.7
2021
Q1 4.8 5.7 * 12.0 106.8
Q2 5.1 3.0 * 10.0 108.5
Q3 5.1 1.7 * 11.1 109.9
Q4** 5.0 1.4 3.5 112.5
^
^
^
Stockholder Equity
Reduced by ~70% in one quarter.
That article is about VOLATILITY
The article I referenced earlier is about "VOLATILITY".
VOLATILITY
The chart below shows the changes in Charlotte's Web's and CV Sciences' SHARE PRICES since the Q4 earnings releases.
Neither CWBHF's nor CVSI's share price has been particularly VOLATILE during that period -- mathematically, neither standard deviation was large.
However, CV Sciences' SHARE PRICE, X, unlike Charlotte's Web's, over that period has DECREASED -- A LOT, down 55% -- mathematically, dX/dt << 0 .
CVSI has dropped 55% !!
The article I referenced (and that you cite, without understanding), is about "VOLATILITY".
VOLATILITY
CV Sciences' SHARE PRICE over the last few days was NOT "VOLATILE", i.e., its STANDARD DEVIATION was NOT LARGE.
Its SHARE PRICE, X, simply was DECREASING -- A LOT, down 55% -- i.e., dX/dt << 0 .