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ERBB and MWIP are gonna rip this week!
Seeking Alpha has a lot of influence in the stocks they feature. The part that has me a little worried is part of the article.......
This being said, if their CS-S/BCC-1 trials pan out, this could literally turn into a gold mine for early investors, so it may be worth parking a small amount of funds here on a major dip (preferably $0.03~0.04 range), but do not hold your breath for positive returns.
I'll wait for it to come down then
Pulled this out out of the Seeking Alpha article on the 21st. I like the company but the financial part is a little scary.......what do you guys think?
Financial Analysis
According to the 10-Q filing, Cannabis Science presently faces the threat of a rapidly dwindling operating capital base and a 2M dollar-per-quarter burn rate. Cash on hand is a mere $9,492 and total liabilities double assets at over $3M.
What's more, it is apparent the company went on a buying spree last quarter, acquiring or entering into joint ventures with no less than 5 companies involved in businesses entirely unrelated to CBIS's core focus. These ventures were funded exclusively via new share issues, which can be interpreted problematic due to the fact current shareholders are footing the bill by dint of share value dilution - not to mention the significant downside exposure to the real threat that any of these companies could liquidate their holdings to secure working capital or, in the worst case scenario, at the behest of bankruptcy court.
From this activity, and assuming these companies are cash flow positive, it appears CBIS are relying on share issues as a method of sourcing much-needed operating funds. We can only hope management is as good at investing as they are science.
Which begs the question: if Cannabis Science is truly on a path to discovering the holy grail of treatments, why haven't large industry suitors, private equity or VC firms come running with blank checks in hand? The answer to this may be found in the aforementioned quasi-legal status of cannabis, but this is highly doubtful given their research surrounds applications of CBD.
Recommended Investment Strategy (Minimal Buy on Dip; Hold)
I like the potential of Cannabis Science more than almost all of the other marijuana plays, but I am concerned with the sky-high valuation on negative cash flows from operations and a board that issues "management bonuses" of $300K at a time when they need cash most.
This being said, if their CS-S/BCC-1 trials pan out, this could literally turn into a gold mine for early investors, so it may be worth parking a small amount of funds here on a major dip (preferably $0.03~0.04 range), but do not hold your breath for positive returns.
MMJ sector news guys........keep an eye on all marijuana stocks. ERBB, MWIP, MJNA, CBIS, HEMP and others pulled back quite a bit last week, should see a hell of a Bounce starting Monday.
http://www.buzzfeed.com/rubycramer/colorado-governor-marijuana-legalization-is-a-challenge-for
MONSTER SECTOR NEWS!!!!!!!!
http://www.buzzfeed.com/rubycramer/colorado-governor-marijuana-legalization-is-a-challenge-for
Better get your seat belts fastened very tight for Monday's open!! This will be RFMK's biggest week yet!!!!! FEDS throw in the towel and allow the movement to move forward!!
GLTA.
No dizzzzzout bro, time to bank the digits man!
Im with ya big time......ERBB will have a hell of a run this week. People are holding longer term for the big money here. Flippers will have a hard time making any coin.
Geeeeeezus......if turtle starts slapping the ask look out Monday!! We'll be on our way to $1.00
I like this part of the article.....BOOOOOM..$$$$$$$$!
"They have an open door to discuss it and try to work through this," he added of Holder's team at the Justice Department. "There's more nuance to the law than just the black and white." One legal option, said Hickenlooper, would be to "go back to Congress and somehow change the controlled substance laws — they're open to all of that."
I like this part of the article.......$$$$$$
"They have an open door to discuss it and try to work through this," he added of Holder's team at the Justice Department. "There's more nuance to the law than just the black and white." One legal option, said Hickenlooper, would be to "go back to Congress and somehow change the controlled substance laws — they're open to all of that."
Anything that has to do with marijuana will skyrocket Curious. This is the next .com sector.
I will take my chances here flipping for 500% when Mr. Holder makes things happen!
The will of the people will prevail.
http://www.buzzfeed.com/rubycramer/colorado-governor-marijuana-legalization-is-a-challenge-for?s=mobile
When the Feds give us the thumbs up it will!
I got my shares on a blue light special Gator.......
It’s coming soon....the feds will have to bow down soon bro! I will bank here just like I did on MW$P and ER$B!
Go where the momo is, HUGE news just around the corner here bro!
LMAO Makvern.....this sector is gonna explode with multiple 100% gain days here soon when the Feds hit us with the good news.
There is nowhere for this stock to go but the stratosphere!
When the Feds hit the MMJ sector with the good news we will see multiple 100% gain days!
Yeah it's right around the corner Lee, and when it happens look for 100% gain days!
RFMK is in the right place at the right time. Billions of dollars of revenue will start pouring into the MMJ sector this year alone.
Looks like we may be getting good news from the feds here very soon.
I will be adding big here on Monday for the next sector explosion!
http://www.buzzfeed.com/rubycramer/colorado-governor-marijuana-legalization-is-a-challenge-for?s=mobile
Sounds like the Feds may be hitting us with good news soon. I will be adding more again Monday.
Momentum will continue to build as the months roll by.
Wow......ERBB looks to be ripping again, nice!
Yeah Eddie......wait till the Feds hit us with the good news!
Boing.....up past .39 pal!
I’m so excited for tomorrow I’m about to piss myself.....RAFF will be gobbling shares again here I have a feeling.
EXACTLY Lee........something HUGEMONGOUS!
News is on its way Lee......you can bank on that!
I 100% agree with you Lee....I'm in it to win it bro! I'm holding to brother.
Personally Lee.......I see big money wanting to buy Altitude Organics for a sick amount of money. The tobacco company's are gonna want to dominate this sector.......period!
AO is in the process of expanding to every state that sells medical marijuana. That's a lot of marijuana
to sell, but there are millions of patients that need this medicine to cope with their illnesses.
ERBB will be all over CNN, MSNBC, ABC, FOX, CBS, and every damn talk show there is here very soon!
ERBB turning into a 100 Million dollar a year company .......because they are the only company selling the bud bro.
There’s your revenue!
Well you'll be a millionaire sometime this year Major!
Damn.....massive consistent buying going thru! If this continues we'll bbgreen
Wow.....huge buys going thru, we could close green with with a good power hour guys! If RAFF jumps back up on the bid.....we'll be golden!
No.....but he keeps jumping up to the top when he gets hungry!
Roger that bro!
I just hope we didn't lose peeps here on the board to that shake! The damage is over and we're currently in the recovery process.
Shares have been handed over to some new tight gripped investors I hope!
Hold for higher ground guys.....good damn job so far!
RAFF is gobbling up serious shares and making Pac Man look silly.
We'll be back in penny land very soon here!
Bouncy bounce......I hope nobody here on this board sold.
Should be a very nice power hour if this continues!
Your right Neo.....L2 sure looks a lot like MW$P did when RAFF was running the show......he's DEFFINATELY loading for an upcoming event!
I'm very content here.....I just wish I had more powder!
Boy do I know the feeling fitz! I was un MW$P at .0016 and sold before the just before the penny break. Look at it today. Uggggh
It's my pleasure Romans, and thanks for the support buddy! We all appreciate it!