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It's clear as day, big money controlling powers are trying to put these small companies out of business. Dumping and shorting, dumping and shorting. It sucks! The Cubs suck too!
There may not be a lot of positives about the stock price right now, but that's because hedge funds are crushing all the small caps including the entire cannabis sector. However, only the biggest idiot in the world would not find $30M in revenues positive.
Hopefully he is a good man and hopefully he gets his act together and gets control of these hedge funds before they crash the markets. No one wants to invest in markets where hedge funds crush stocks and sectors that are doing well, and where the stock price of a company like CBDD is lower at $30M in revenues than it was at $1M.
If hedge funds are going to continue to do insane and illegal things like destroy small cap and micro cap markets including sectors that are doing very well like the cannabis sector, then the SEC needs to put out a warning to all potential investors such as:
"WARNING: These public markets are completely controlled by hedge funds and no longer function by the basic principles of free markets. Invest at your own risk."
No question. These big money boys run everything and they can do anything they want, and they love to play god. The problem is they get out of control and do sketchy and illegal things (like they are doing with the cannabis sector) and that's how we get market crashes. They have proven many times that they will cause market crashes. However, that's why we pay taxes, to have regulators regulate these groups and keep them under control. It's a matter of national security.
I see. However, my point wasn't about meta, my point was that the hedge funds need to short some other stock or sector that is doing poorly, not a sector that is doing well like the cannabis sector.
When stocks and sectors that are doing well get crushed, it goes against the basic principles of the markets.
I think you might be a little confused. Are you saying hedge funds are propping up the cannabis industry when it is clearly being crushed?
I've been so disgusted with everything from Washington to Wall st. that I figure I better not post anything because it might get deleted or get me in trouble!
I've also been looking for answers, like many of us, and it always comes back to the same thing, the f...ing hedge funds and big money. Why the f... are they trying to crush the cannabis industry, one of the fastest growing industries with revenues at all time highs? That's not how the markets are supposed to work. Successful sectors are supposed to be rewarded not penalized.
I strongly recommend everyone listen to Boris Jordan's interview, it's very eye opening and revealing.
Yea it sucks. Red Chip nor anyone else can lift the weight of the hedge funds off of the cannabis sector. The hedge funds need to go and short META and stop shorting the cannabis sector, a sector that is doing very well.
It's frustrating to see cannabis investors and companies get devastated like this. Hedge funds (or any other entity) should never have the ability to devastate entire market sectors. It's unbelievably criminal but they get away with it because the hedge funds obviously control the markets and the market makers (and the authorities too).
It's also frustrating to see individuals (we all know who they are) who purposely micro focus on CBDD instead of educating themselves properly on the entire cannabis sector and what the hedge funds are doing to it. If they refuse to educate themselves properly then they shouldn't be attacking CBDD and its CEO and spreading misinformation.
Yes, the strong companies will survive and CBDD will be one of them. Boris Jordan mentioned that investment institutions are starting to focus on the cannabis sector and will begin buying soon.
Hedge funds, that's what's wrong! They are trying to short cannabis stocks into the ground, forcing investors to capitulate, scaring off new investors and starving companies of cash forcing them to go under. If they can force companies to go under and delist, the hedge funds don't have to cover and they make a fortune.
Boris Jordan, Curaleaf CEO, who has 30 years experience in the investment world explains it all in an interview in a blog called, "Thursday Cannabis Chat" with Toby Channabis. If you can't find it you can find his interview on "This Week in Cannabis News", Jan.16- 23 on You Tube.
Yes, I'm glad you are here as well. It's good to see a company representative set the record straight.
Could you comment on the patent licensing? How did the CEO manage to get exclusive licensing on very coveted and lucrative patents from one of the best universities in the world?
Big week coming up. All cannabis stocks were up big on Friday because Rep. Nancy Mace is expected to announce her cannabis legalization bill tomorrow.
Also, the NDAA will be taken up with the proposed SAFE Banking amendment this week.
We are believers in this company but some people are non-believers, and that's fine. Some people will not believe in anything, and not risk a penny, unless it is a 100% sure thing. It makes them feel safe and there is nothing wrong with that. They can wait for the audit to be released but then they will have to chase the price up.
Other people who can handle risk will play the odds and buy now. They ask themselves what are the odds this company is real? What are the odds the CEO is misstating numbers? What are the odds the CEO would misstate numbers and then hire a reputable audit company to audit them? I would say those odds are pretty slim.
That's your opinion. Others have the opinion that lots of positive things are happening with this company.
So now you are arguing that Frucci is also a scam?
Everyone is entitled to their opinion. However, let's get real. Does any executive involved in wrong doing or misstating numbers hire a reputable audit firm to audit them?
Seriously? You really think they would misstate their numbers and then hire a reputable audit firm to audit them?
Being more conservative, Republicans have always lagged when it comes to legalizing cannabis, so this is very encouraging. Ideally, the Republicans and Democrats will combine bills to make a very bi-partisan bill that both sides will vote for and will pass easily.
Big news just aired on CNBC. Republicans introduce cannabis legalization bill! Pot stocks are up big!
It shouldn't be that way, obviously. Congress shouldn't determine the fate of an entire sector, especially considering the cannabis industry is one of the fastest growing industries in the world with revenues at all time highs. Any other such industry would be surging.
The good news is that Congress has many great bills pending that will move the dial again.
One thing is for sure, all the masses and institutions were in the cannabis sector back in Dec and Feb., so one can't argue that they can't buy OTC cannabis stocks.
The only question is when will the big money be back. It seems that it is entirely dependent on what Congress does.
It happened with HCMC (an OTC stock) so I don't know why it couldn't happen with CBDD. In general, the masses know about great values such as CBDD and many other the cannabis industry stocks. The cannabis sector is one of the few sectors that is a great value right now. It just needs that one spark and the masses will jump in.
Actually, Apes do buy stocks in the OTC. Someone posted a note about the Apes buying HCMC and sure enough they did and HCMC tripled in 3 weeks (.0011 to .0035 on May 3 this year). So there is your proof.
Independent Apes and Whales can buy anything they want at any time. I remember when USXP was at .0003 and the CEO got the Saudi royal family to buy in, which took the stock to .04 in two weeks.
These are free independent retail investors (not institutional investors), so there is no written rule as to what they can or can't buy.
So you determine what the Apes buy and don't buy?
They can buy anything they want.
CBDD is the perfect stock for Apes to buy. It has strong revenues and a high short interest.
Apes don't short stocks. They are the retail investors who buy stocks with a strong short interest (from hedge funds) and try to crush them.
I noticed CoroWare ads all over Ihub promoting their new PR about the new board of directors. Appointing well qualified board of directors is a good first step and should be promoted. I saw the video interview of the CEO recently. It produced more questions than answers but I was glad to see the CEO show his face for a long interview. This is a good sign. It's also a good sign that COWI has some kind of affiliation with Oxford University, one of the top universities in the world. Maybe there is something here after all.
I know some people are pessimistic and rightfully so. However, this is the OTC and it is full of risk and without risk there is no reward. As Super Bowl winning coach Bruce Arian always says, no risk it, no biscuit.
Rough day, but some good news for the cannabis industry today. Luxemburg becomes the first European country to legalize. Also, Germany reported to be on the verge of legalizing. Also, Switzerland will legalize in the near future as we know, and Mexico expected to legalize in the next couple of months.
I'm buying as much as I can right now.
You keep posting your lies and slander, it isn't fooling anyone. It has been well documented that dirty traders and hedge funds use these boards to manipulate stocks, it's clear as day and and everyone recognizes it when they see it.
For you and those who haven't been on this board long, the idiot you are trying to talk sense into has been posting lies and slander on this board for almost 5 years now (maybe longer). It's always the exact same BS that he posts as many times as he can (up to 10 posts a day). It's not my opinion, all of his posts are on file for anyone to see. Anyone can see that his posts consist of very little rational opinion and far more lies and slander. I just don't know why Ihub allows this blatant criminal activity to exist on their boards.
By the way, you're welcome to find out how long I will last, anywhere anytime.
Yes, negative Nancys. Not only negative Nancys but incredibly dumb negative Nancys. Only the biggest idiots in the world would believe any CEO would lie and try to defraud their shareholders while being audited by a reputable audit firm that is sure to expose him. It's like a person robbing a bank with a SWAT team having lunch next door. No one would be dumb enough to do that. It is possible but the odds of that happening are nearly 0. Yet you and the other genius keep insisting this is happening.
On a positive note, cannabis could be legalized tomorrow. WHAT? You ask. Yes, the US Attorney General has been asked by certain Senators to decriminalize cannabis and to give his response by tomorrow.
Granted, it is a long shot but it is possible the AG could put cannabis on a lower schedule. Although not full decriminalization, it should give the cannabis sector a boost.
So many negative Nancys today. Obviously, it is unfortunate the audits are late, and the CEO should have hired a quicker audit firm. However, if the CEO was lying and trying to defraud shareholders he definitely would not have hired a reputable audit firm (this has been confirmed), the one entity sure to catch any wrong doing and sure to put him in jail. Very few CEOs go out of their way to put themselves in jail.
Generally speaking, all investing involves risk. If anyone is afraid of risk then they should buy a Volvo and a guard dog and live in an underground concrete bunker.
However, if one is going to invest and accept the risk, one does it based on the odds. What are the odds any company CEO is lying? It happens but how often? 1 in 5000? Let's say 1 in 1000. Now, what are the odds that a lying CEO will hire a reputable audit company that is sure to catch his wrong doing and put him in jail? Obviously, those odds are 0.
I agree. This board is for opinions but not the exact same opinion 100 times a day. That's redundant and unnecessary (and criminal in my opinion). I don't know why IHub allows it.
Obviously, they have decided to do it GAAP. I'm not an accountant but this is the Generally Accepted Accounting Practices (GAAP), so who are you to argue with that and say it isn't the right way to do it? Perhaps a real accountant can comment on this.