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one day closer to the end of November and the cringe worthy predictions of CANB being a monopoly as they have what the FDA wants are just as silly as they were the first time they were posted
good thing we have duramed
anyone reconcile the numbers to the mou? didn't think so
going subpenny with or without safe banking laws lol
medical CBD - just because some doctor is an affiliate of CBD and sells this crap doesn't make it medical - its being sold to make money
just because some chain of medical offices were PR'd via CANB doesn't make it a medical product
its crap that is why they can sell it anywhere
its crap thus no timely certifications
its just crap - you get crap when scammers from WRAPMAIL seek an opportunity to screwover shareholders on the latest fad
its redwood - has to be crap
anyone know CANBs gross margin? Seems that what they PR'd isn't accurate it has some secret formula which can't be determined.
CANB is PRing false info based on a post below
wow - that is almost as bad as them PRing 25 vending machines but than changing it to one
never knew gross margin includes stuff that isn't in the actual gross margin - wow that must be some secret society accounting policies not found anywhere
I wonder if it excludes stuff as well given its so sky high????
CANB making Gross Margin not what they say it is
love the common sense
CANB making promos daily again
they have 120+ products so he is probably still reading all the labels :)
hopefully he will investigate, given he is a former cop, where is the missing 700k on the cashflow statement from the sale of shares
hopefully he will investigate why the terms of the MOU are NOT being carried out by CANB
hopefully he will investigate how is it possible to have a 107% GM on CBD products
hopefully he will investigate the complete fantasy rev numbers of duramed
but I bet he will just sit on his butt like the others and sell shares
going subpenny - GUARANTEED
what do these high gross margin numbers mean for CANB other than they don't know how to treat costs or revenue?
it means they will never get into a national chain or any company that has a procurement department or individual
they can get into some doctors offices via network marketing scheme etc etc
but that's about it - but lets be honest - if these doctors weren't being paid to sell their products they wouldn't touch CANB products
the numbers are bogus, the company is a scam, the puppets running the show are known scammers and they are out of cash
the duramed numbers are even worse
buy buy buy
gross margin calc - just a guess - can be calculated using simple math - take the gross margin number on the p&L and divide it by revenue - checking CANB's math for the 3 month period - I can state that they do have a 77% gross margin
if you do the same on the duramed numbers provided you come up with a 60% gross margin
now here is the tricky part as it involves both subtraction and division
take the 9 month numbers subtract the 6 month numbers and you come up with 3 month numbers
careful we have more simple math - now since we have the 3 month duramed numbers we can subtract that from the total 3 month numbers to give us non-duramed numbers for a lack of a better word
and boom you have complete bs numbers that have a gross margin of over 100%
some may say that it is due to buying products at cost - but most common sense would say the numbers are bs
glad a post referred to the working capital suicide on the duramed numbers - as I stated no link is necessary for that but eventually people understand the point once it is spoon fed to them - this working capital suicide is the reason for the reverse split not some silly fantasy of Nasdaq - dilution heaven done by the dilution hall of fame guys
wish someone would take it one step further and show how the revenue is complete fantasy
now if someone could just reconcile the duramed ppe to the mou at the beginning of the year - that would be great - that would show how all this ppe is gathering dust
or the 3.9m raised to the cashflow statement - they show less to give a hint - how is that even possible lol
or read what goodwill is all about and than get back to me
or just post links with no explanations
ignorance is shown when the basic of basics is simply not understood but yet cast off with arrogance
77% gross margin - after doing some simple math, based on the filings for the 3 months non-duramed gross margin is over 100% lmao - so that would include CBD sales and the service revenue
ever hear of a company have gross margins on a product of over 100% - can someone post a link of what gross margin is as I only have common sense and a calculator its 107% to be precise :)
company brags about it in a PR
duramed for the period was at 60% 10 basis points higher full year
someone please explain how concrete products can have a gross margin of over 100%?
numbers don't lie - going subpenny
link is the filing
Can anyone post a link of what it means for a super small company like CANB to have goodwill of over 1.1m usd?
I only can provide common sense and experience so......links with no understanding is a better way to go
CANB making things worth ZERO again
CANB going to the Nasdaq has assets of goodwill and prepaid expenses lmao
never
the balance sheet is as sad as you can get - they spent millions this year and what do they have to show for it?
- SAM units collecting dust
- a deal with a bankrupt holding company
- used ppe that is probably worth 10% of what was paid
anything else?
goodwill and prepaid expenses ( and of course these expenses go to the insiders )
SUBPENNY GUARANTEED
I wonder if anyone calculated how much AR increased in 2019? and how much of that will need to be written off
I wonder if anyone calculated how many SAMs units were NOT purchased?
I wonder if anyone calculated the alarming decline SAMs revenue over 2019 and how many SAM units are collecting dust?
I wonder if anyone calculated the working capital suicide SAMs has created
I wonder if anyone calculated how CBD sales are declining quarter over quarter?
I wonder if anyone calculated how many of the 120+ products are missing from the current websites
Going subpenny - GUARANTEED
PR has zero about SAMS its largest source of revenue - ZERO
why would they not mention this?
one vending machine ? lol
something isn't right but that is to be expected with a scam company
its out of CASH folks
GUARANTEED to go subpenny
the filing w/ 3.9 million raise doesn't match the cashflow statement - again this should be a cross reference but cashflow statement shows less
I didn't try to reconcile it to the details in the filing but that also looks way off - scary stuff
combine this with the SAMs numbers making zero sense and all this prepaid share stuff intangible assets of the 500k etc etc
scam scam scam
going subpenny GUARANTEED
company is out of cash again - cant figure out the SAMs purchases as nothing makes sense but they just pissed away 3.5 million with nothing to show for it
Look at the cash flow statement - it shows on how not to use cash lol
they are calling the shi farms deal goodwill - LMAO - proof they gave away that money
going subpenny - GUARANTEED
and yet its still below 2 cents and no one has a paper gain
only in penny scam stock land will they try to convince you that the FDA, banking laws, reverse splits, corrupt employees, massive float, crap financials are all awesome and unique
buy buy buy
nothing to do with a current 2 cent penny scam stock CANB
ZERO
doubt their are many shareholders doing fine on CANB lol
most have averaged down and still completely under water
the euphoria is coming to an end and this will go sub penny
that is a GUARANTEE
scam company with scammers running it
will get back to you soon on that one
load the boat
can someone please reconcile the balance sheet ppe number of duramed to what was pr'd and filed at the beginning of the year?
if you can't this is a huge red flag - HUGE!!!! not the nbv amount but the purchase price amount - all info for this has been filed
it should be so simple to do but yet its so far off a very legitimate question is: when did they stop purchasing SAMs? and why hasn't this been pr'd.
revenue is only good if you can collect the cash - AR of CANB is looking more and more like a scam - and it is all related to the 300k duramed revenue in all quarters
SCAM baby SCAM
CANB making AR not collectable again
after quickly reviewing this filing I am more convinced than ever that this is going well below subpenny
buy buy buy
CANB won't even show the name of their IR person they hired lol
you know the one that is directly tied to zero bid companies controlled by redwood
yeah that guy
Duramed numbers can not be reconciled to the filings at the beginning of the year - the numbers are way way way way way off
they are so off I would have to assume that they no longer are purchasing SAMs
link is the latest filing
and before you get giddy about the revenue - look at the AR figure how much it has grown since January 1 lol - this company is a scam do the simple math lol
buy buy buy
there is not one investor who has a paper gain on CANB
no volume which means dumb money isn't selling which means bigger losses down the road - guess 80 - 95% losses just isn't good enough for them
buy buy buy
shaking my head that posts still talk about this FDA stuff lol
subpenny was hit today - it will get there - GUARANTEED
but there is more.....
the downside is the same - you will lose at least 50% from where the pps is now and you will definately lose at least 50% when it is around 4 or 2 or whatever after the r/s ( my opinion you will lose close to 97% ) but the 50% at either price makes the point nicely :)
all you have to do is look at another one of our insider companies - VAPE - and you will see it clearly with just a minimum of research
any post that refers to something different should be looked at like the safe banking law post, the FDA post, the full spectrum post, the cut and paste accounting posts, and last but not least the benefits to CANB of this reverse split post - THINK
CANB making SEC busted scammers employeed again
p.s. CANB had zero chance of going up hundreds and/or thousands of percent - it had its two small runs and now its just a bloated scam company that will milk the retail nonstop
.0133 is the 4 dollar share price if they don't dilute more which is not likely but......
once it falls below that - some type of catalyst must be done by the company to get it back to it
they will have 40 days for such a catalyst but if a stock needs to be propted up to the minimum listing price - its all over
they will dilute this back to a billion shares in a short time frame - why should CANB be different than any other redwood companies
average down, please load the boat and average down
Nasdaq is another topic just like the safe banking law, FDA, and all the other silly topics, to not discuss this scam company and its inferior products and creative accounting and last but not least SCAM insiders
some unsubstantiated speculation but immersed in true market experience - I ask you this
how long do you think it will take for CANB, if uplisted at 4.8 a share or lets just say 6 for the fun of it, before it gets shorted below 4?
hour?
3 hours?
4 hours?
it will not take longer than one day - that I assure you.
real players are on the Nasdaq, hedge funds that specialize in crappy companies like CANB are on the Nasdaq, they stand ZERO chance, they will know about VAPE, NGBL and let CANB do what it does so they can short this thing forever, insiders will make money on the actual R/S - it is all setup for this, Dilley was the last piece
at least on the otc not many can or would short CANB - but on the Nasdaq lol - everyone is gonna short this thing - company is a joke and a scam
ZERO chance
believe a scam company or THINK for yourself
CANB making retail poor again
the difference b/w prior r/s and after is that CANB is in a much better situation prior to the r/s
prior it will only have to deal with the common sense folks that are dumping there shares - I imagine it will go subpenny fairly quickly
after the r/s - it will have to deal with people dumping and more importantly every trader shorting this scam company
so if there are some out there that think it can't go lower than .001 or whatever, think again, because it can and it will right after the r/s
anyone want to talk about how the safe banking law change is good for CANB? or MSRVP? anyone?
buy buy buy - now is your chance BUY
scary at how posts refer to the FDA as something that actually might benefit CANB or that it even applies
I always said, the product doesn't matter in a penny scam and it definitely doesn't matter here
zero thinking
its in the filings - you just have to anticipate it - i was predicting an increase months in advance - you cant have your authorized be less than your fully diluted
just because something has to be legally done doesn't mean its not a red flag
you never read the filings I bet
hope you bought a ton
do you have a link? if not, all hearsay and fake news :)
Monday - our million bid should be back but it will be at subpenny
that's what I call a bid repopulation :)
buy buy buy - awesome time to average down again
CANB making averaging down a permanent strategy again
WRAPMAIL folks - its all there :)
no way he orchestrated it - he is a puppet and takes instructions from the redwood boys - been like that for years and years and years
he will make sure when it comes year end the shares are delivered after the r/s in my opinion
but he is just a puppet just like the others
all my opinion based on filings with the thought process that this is just another otc scam - thus far I have been right and nothing points to it changing
other posts reference banking safety laws that will make CANB great again lol
still other posts predict the FDA will make CANB a monopoly
posts with links show how CANBs inferior product is the best on the planet
many posts are how CANB Nasdaq bound
there is the MSRVP which is one of my favs :)
THINK as CANB is making tax loss selling a reality today
I think they will get the same as the others already received, company will pay for a massive promo, they will be able to dump most of the shares given, and walk away with a few million
we will finally see what our IR one man team can do :)
retail will be shorted to zero and than a rinse and repeat
I haven't really looked at VAPE but it seems they did the same thing and given its the same guys controlling ………. why change a successful strategy
I also haven't looked at why they are reporting a lower float number - granted the float number they report makes zero sense given it should be the unrestricted but...….
dilley coming back to ensure company gets what it needs based on redwood instructions as in the past
generalities
if they didn't include a clause which protects them from a reverse split - they deserve to lose
or a clause that protects them from dilution - they deserve to lose
there has to be more to it than just what was presented in the filing - which was nothing but generalities
CANB has a better chance with the 300:1 split than it does with all the FDA, full spectrum, safe banking, to come true
at least with the 300:1 you know its true all the other stuff is pure bs which have lost hopefully many people money
and to think they had to do this given their number one position in the CBD industry or on the planet for that matter
CANB making your pockets feel empty again
there were legal reasons why they had to increase the authorized, just like there is now for them to do a reverse split ( increasing the a/s once again is to early in the dilution game )
the reverse split timing is not a coincidence it simply makes sense
the Nasdaq listing makes zero sense and won't happen as they don't care about it but may be part of a pump
this thing will get shorted beyond recognition if the 300:1 goes thru - scam companies get destroyed - NGBL, VAPE - look what our dilution guys did to those two
all is just my opinion but I would rather have a logical opinion that can be referenced to an SEC filing rather than a link about something which has nothing to do with the company
buy buy buy
this post assumes a known closing price on the reverse split date?
FACTS:
the reverse split date isn't even known
the price on the reverse split date is not known
if you THINK just a little, you may come up with that the price of CANB may actually decline from where it is today - significantly
to say ummmm,I don't know, let just keep the math real simple, and the price drops just a little bit, just a little little bit to a nice round .01
that would make it fall short by a whole dollar
no coincidence needed, reverse split price doesn't matter for them to make millions on the r/s itself - its all in the filings
THINK
CANB making people not THINK again
some unsubstantiated speculation but immersed in true market experience - I ask you this
how long do you think it will take for CANB, if uplisted at 4.8 a share or lets just say 6 for the fun of it, before it gets shorted below 4?
hour?
3 hours?
4 hours?
it will not take longer than one day - that I assure you.
real players are on the Nasdaq, hedge funds that specialize in crappy companies like CANB are on the Nasdaq, they stand ZERO chance, they will know about VAPE, NGBL and let CANB do what it does so they can short this thing forever, insiders will make money on the actual R/S - it is all setup for this, Dilley was the last piece
at least on the otc not many can or would short CANB - but on the Nasdaq lol - everyone is gonna short this thing - company is a joke and a scam
ZERO chance
believe a scam company or THINK for yourself
CANB making retail poor again
they do lately - however, the companies always had a catalyst and weren't a well known scam such as CANB but they do payout handsomely if you can catch it