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Bankruptcy and fraud allegation are not even an option here, its gonna happen sooner or later
Just let it tank, that's when shares hit the float.
wait until they dilute a couple millions in shares...this should be in sub pennies.
Cbis is a legit scam!
Once it breaks, sub-penny is looking promising.
have you seen the allegations and the IA report..lol, I put it in the I-Box.. They are basically saying that they don't know what they did with the money..hmmm. I can think of a few things they did (i.e pay themselves) FRAUD
Because they have many fraud allegations against them..and this nothing unexpected, and they don't have any money...more dilution here.
bankrupcty, PPS .0089 and conviction of fraud...doesn't appear to be bright to me.
no .0001 is a steal after reverse split.
the 10-k is out right telling investors that they possibly have fraud going on..themselves..lol
no dividend=bankruptcy
NO DIVIDEND=BANKRUPTCY
The Company declared a dividend to all common stockholders of record as of December 31, 2010, whom are to receive a
dividend equivalent to ten percent (10%) of the number of common shares of the Company’s stock held on that date in the
form of newly issued Series A common shares. For example, if a stockholder held 100,000 common shares on December 31,
2010, that stockholder would receive a dividend of 10,000 Series A common shares. This dividend is on hold and will remain
pending until such time as FINRA approves the Company’s Series A common stock for trading, it obtains a CUSIP registration
number, it receives sponsorship from a brokerage firm, and the shares become tradable through the OTCBB market. The
Company retains the right to adjust the shareholder record date should any factor make it impossible for the Company to issue
the dividend to shareholders of record on December 31, 2010, including, but not limited to: approval of the Series A common
stock and dividend by FINRA, a detailed December 31, 2010 common stockholder lists is available, or other unforeseen
obstacles that would prevent the current dividend structure from completing. The Company will not make any share accrual or
allowance for this dividend until such time as all regulatory approvals are in place for the Series A common stock to be issued
and become a marketable security.
The Company does not anticipate paying cash dividends or making distributions in the foreseeable future.
This is a good way to pay yourself, wouldn't you say?
On March 21, 2012, the Company acquired Cannabis Consulting Inc. (“CCI Group”), which consists of a group of businesses
operated by Robert J. Kane, including: all contracted rights, properties, patents, trademarks, and distribution rights and
agreements pertaining to Cannabis Consulting Inc., Robert Kane Partners, Kaneabis Consulting, Kaneabis Fund, Kaneabis
Report, and Kaneabis Radio. In conjunction with the acquisitions, Robert Kane was promoted to V.P. of Investor Relations for
the Company. Consideration paid for the CCI Group was 1,000,000 common shares with a fair market value of $147,000 issued
to the principal, Mr. Robert Kane.
Where is that dividend that promised they were registering
This will be .000s again..after investors see the dilution.
DILUTION/REVERSE SPLIT
Can somebody tell me where this dividend is?
Proposed Dividend / Share Structure
CBIS has been proposing a share dividend and working on its approval since September 2010. The stated goal is to bring in larger investors to fund FDA trials and other projects. For all company statements on the proposal, see here:
http://cannabisscience.com/component/search/dividend.html?ordering=&searchphrase=all
New Share Structure
On December 20, 2010, our Board of Directors approved an amendment to the Articles of Incorporation to effect a recapitalization of the Company by establishing two classes of common stock, Class A and Class B and to issue a dividend to holders of our current common stock so they received 1 share of the new Class A common stock and 1 non-transferable share purchase warrant for each 10 shares of the former Class B common stock that they previously owned as of the current record date, December 31, 2010. Each whole share purchase warrant will be exercisable into one share of Class A common stock at a price of $1.00 per share. The share purchase warrants expire 90-days from the date Class A common stock commences trading under its own unique symbol. The Company is working diligently with the SEC and FINRA to obtain final approvals before any of the proposed changes can take effect.
DEF 14C Filed to give Dividend and Create New Share Class
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8108378
* Dividend will go to shareholders as of Dec 31, 2010
* Shareholders will receive 1 share of Class A stock (the new ticker) for every 10 shares of the current stock
* Shareholders will receive 1 purchase warrant for every 10 shares of the current stock. The warrants can be used to purchase Class A stock at $1 for 90 days.
I think the O/S is 850,000,000 now...imo
CBIS is a legit scam, somebody just needs to put an end to the trading.
lets see scam artists: Robert Kane, Bob, and then there was good ol' Mark Freedman...pick one.
DILUTION...then a reverse split..IMO..that's how.
as I recall most investors probably bought in @.003-.007 when the merger was announced. That probably left them all taking serious losses...I doubt it will run that far.
it's amazing that SEC let these thieves waste $85 million of the publics' money..these guys need to be put behind bars #realtalk
too lose that much and still be trading on any stock exchange is hard to believe.
sub-penny again for CBIS in the next month...or bankruptcy...IMO
They are basically paying themselves, and taking peoples money.
the 10-K symbolizes bankruptcy or reverse split.
The final days of CBIS, bankruptcy...is finally here.
doubt that..I think this company will be guilty of fraud before any dividend.
GRDO really robbed all the investors here..IMO
because BOB likes to gives speeches naked:
because 850,000,000 million outstanding shares...leave nothing to dilute anymore..bankruptcy...JMHO
Reverse Split is coming..IMO
I think you said that 3-4 years ago, that it was going to a dollar...I'm surprised that SEC has not put an end to this stock's trading #nodisrespect.
bro, what happened here, since that pump and dump merger..this doesn't even have a heart beat.
Severe dilution/Reverse Split, 850,000,000 million in o/s soon, book value of this stock is lower than $.0001
remember that one dividend proposal. I wonder when SEC will put an end to this stock.
Proposed Dividend / Share Structure
CBIS has been proposing a share dividend and working on its approval since September 2010. The stated goal is to bring in larger investors to fund FDA trials and other projects. For all company statements on the proposal, see here:
http://cannabisscience.com/component/search/dividend.html?ordering=&searchphrase=all
New Share Structure
On December 20, 2010, our Board of Directors approved an amendment to the Articles of Incorporation to effect a recapitalization of the Company by establishing two classes of common stock, Class A and Class B and to issue a dividend to holders of our current common stock so they received 1 share of the new Class A common stock and 1 non-transferable share purchase warrant for each 10 shares of the former Class B common stock that they previously owned as of the current record date, December 31, 2010. Each whole share purchase warrant will be exercisable into one share of Class A common stock at a price of $1.00 per share. The share purchase warrants expire 90-days from the date Class A common stock commences trading under its own unique symbol. The Company is working diligently with the SEC and FINRA to obtain final approvals before any of the proposed changes can take effect.
DEF 14C Filed to give Dividend and Create New Share Class
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8108378
* Dividend will go to shareholders as of Dec 31, 2010
* Shareholders will receive 1 share of Class A stock (the new ticker) for every 10 shares of the current stock
* Shareholders will receive 1 purchase warrant for every 10 shares of the current stock. The warrants can be used to purchase Class A stock at $1 for 90 days.
After the reverse split this should be in .0001 and a CEO that gives speeches naked and tells investors to dump their shares is hardly a gem in the industry.
Quotes from BOB when he was giving advise naked on youtube, I think he removed it though: