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CNBC post:
The U.S. Securities and Exchange Commission said Monday it’s keeping a close eye on the wild trading in meme stocks recently to ensure market stability.
“SEC staff continues to monitor the market in light of the ongoing volatility in certain stocks to determine if there have been any disruptions of the market, manipulative trading, or other misconduct,” an SEC spokesperson told CNBC. “In addition, we will act to protect retail investors if violations of federal securities laws are found.”
The comment came as retail trading exploded in a handful of speculative names, notably AMC Entertainment, BlackBerry, Bed Bath & Beyond and to a lesser extent, GameStop. Retail investors kept piling into these names as they encouraged each other on social media platforms like Twitter and Reddit’s WallStreetBets forum.
During AMC’s 83% advance last week, the stock was repeatedly the most active name on the Nasdaq. AMC has skyrocketed more than 100% this month alone in heavy trading after a 160% advance in May, pushing its 2021 rally to over 2,500%.
TD Ameritrade has taken action to increase margin requirements on AMC and GameStop to 100%, meaning investors are required to purchase all the securities with cash.
In January amid the historic short squeeze in GameStop, the SEC vowed to protect individual traders and to scrutinize actions taken by brokerages that may “disadvantage investors or otherwise unduly inhibit their ability to trade certain securities.”
The final voting results on the proposals presented for stockholder approval at the 2021 Annual Meeting were as follows:
Proposal 1 - Election of Directors
The Registrant’s stockholders elected five directors, each to serve until the Registrant’s next Annual Meeting of Stockholders and until his or her successor is duly elected and qualified, as set forth below:
NAME FOR AGAINST WITHHELD BROKER NON-VOTE
Beth Altman 14,485,616 — 4,160,978 38,427,252
Dr. Paul Blake 14,355,935 — 4,290,659 38,427,252
Joseph Dowling 10,663,646 — 7,982,948 38,427,252
Dr. Joseph Maroon 14,422,962 — 4,223,632 38,427,252
Terri Funk Graham 14,320,587 — 4,326,007 38,427,252
Proposal 2 - Approval to Increase Authorized Shares
The Registrant’s stockholders did not approve the Registrant's proposal to amend its Certificate of Incorporation, as amended (the "Existing Charter"), to increase the number of authorized shares of common stock from 190,000,000 to 290,000,000 shares, and to correspondingly increase the number of authorized shares of all classes of capital stock to 300,000,000 shares (the "Proposed Charter Amendment"), as set forth below:
FOR AGAINST ABSTAIN
29,819,636 25,812,234 1,441,974
As a result, the Existing Charter shall remain in place and the Registrant will not effectuate the Proposed Charter Amendment.
Proposal 3 - Ratification of Selection of Independent Registered Public Accounting Firm
The Registrant’s stockholders ratified Deloitte & Touche LLP as the Registrant's independent registered public accounting firm for the fiscal year ending December 31, 2021, as set forth below:
FOR AGAINST. ABSTAIN
53,948,022 2,512,572 613,252
Proposal 4 - Advisory Vote to Approve Named Executive Officer Compensation
The Registrant’s stockholders did not approve an advisory, non-binding vote on compensation programs for its named executive officers, Mr. Joseph Dowling, Mr. Joerg Grasser, and Dr. Duffy MacKay, as disclosed pursuant to Item 402 of Regulation S-K, including the compensation tables and narrative discussion in connection therewith.
Proposal 4 was not approved by the stockholders at the 2021 Annual Meeting as set forth below:
FOR AGAINST ABSTAIN
8,083,041 9,827,800 736,153
As a result, the Registrant will review the stockholders' advisory, non-binding vote and consider the results of this Proposal 4 when making future executive compensation decisions.
I copied and pasted your post to Reddit.
Sent to Kansas Congress Woman.
Well stated Wolf and thanks for your excellent commentary.
Nothing is ever straight forward these days. I read it as negative for streamlining any regulation.
A forensic audit of the presidential vote tally by Dominion Voting Systems software used in Antrim County, Michigan, showed a more than 68% error rate, with auditors claiming the system intentionally creates the errors so the machine can have them "adjudicated" – allowing individuals to change the result.
https://www.newsmax.com/us/antrim-county-michigan-forensic/2020/12/14/id/1001505/
A forensic audit of the presidential vote tally by Dominion Voting Systems software used in Antrim County, Michigan, showed a more than 68% error rate, with auditors claiming the system intentionally creates the errors so the machine can have them "adjudicated" – allowing individuals to change the result.
https://www.newsmax.com/us/antrim-county-michigan-forensic/2020/12/14/id/1001505/
68% refers to the accuracy of the Smartmatic voting machine based in the independent forensic audit..
A forensic audit of the presidential vote tally by Dominion Voting Systems software used in Antrim County, Michigan, showed a more than 68% error rate, with auditors claiming the system intentionally creates the errors so the machine can have them "adjudicated" – allowing individuals to change the result.
https://www.newsmax.com/us/antrim-county-michigan-forensic/2020/12/14/id/1001505/
68% refers to the accuracy of the Smartmatic voting machine based in the independent forensic audit..
A forensic audit of the presidential vote tally by Dominion Voting Systems software used in Antrim County, Michigan, showed a more than 68% error rate, with auditors claiming the system intentionally creates the errors so the machine can have them "adjudicated" – allowing individuals to change the result.
https://www.newsmax.com/us/antrim-county-michigan-forensic/2020/12/14/id/1001505/
140K shares. Ride or die Wolf.
Pillow talk can be an important source of information. 17 states behind Texas and counting. Draining the swamp will be good for CBD.
Two thumbs up
There's a lot of vacancies at GITMO for the DS. Until then, CBD legislation will be in a holding pattern.
Up 12% this morning on higher volume. Anybody know what is up?
chilling is mona.
Hi Wolf, Are you says a would be competitor applied a trade mark and it was rejected due to how similar it is to PlusCBD? Sounds good to me. Thanks always for your due diligence sir.
I’m staying the course, even if it takes a few years.
SL, What makes thing we have to wait for Spring. Do you think the FDA will drag their feet until then and if so on what basis?
Are you assuming Dowling is selling his shares? What are you inferring by Dowling is taking a dump on us?
Type in CBD in Amazon....see what you come up with??????
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Hemp seed oil is not CBD oil.
They are not sitting on their hands and appear to be operating on all cylinders. Way under valued.
Fake news. You must be referring to another competitor CBD company. CVSI business structure is set-up for maximum profit with minimal overhead.
Sure like to know what was discussed when General Widget (GW Phara) met with the committee? Seems like the typical delay by the FDA or is something else is up. Any ideas?
It must be a sticky situation. It could mean the demise of many mom and pop resellers, small start-ups, etc. and they are not going away easily. Infrastructure for testing and regulation implementation can also be a sticky situation such as how is all of this going to be funded given many completing issues (ie CV-19). But, what do I know, I'm an engineer working in a completely non related industry. Long and strong CVSI.
Why would OMB even entertain an audience with Global Widget in the first place? Sounds like a conflict of interest.
I had sharp pains in the back of my neck for months from looking at the computer screens. I tried various pain relievers until I tried the PlusCBD roll on. The roll on worked within two applications and the pain hasn’t returned in 8 months. I did use the entire bottle.
Update on AB 2028?
Mona could have at least purchased Chiefs tickets ... lol. I realize this is not funny for us long term investors but getting caught with his hand in the cookie jar has got to be the best news yet.
investing.com: CVSI Buy
tradingview.com: CVSI Buy
barchart.com: CVSI Buy
Thanks sleuth.
I saw the post on either the CVSI company Facebook or the CVSI investor Facebook page on Thursday or Friday of last week. Can't get FB at work so I'm not able to attach a link.
Anybody have any idea concerning the impact of the FDA hiring an independent company to evaluate individual companies in the CBD space? I take it as the only what the FDA can't be accused of playing favorites but that evaluation can take years if the purity and concentration of CBD is tested for 1,000 players. This seems to sound good on the surface or is it another way for the FDA to delay regulations? Maybe, this is their way to enforce the upcoming guidelines? Any thoughts?
I’m in full agreement and was going to say that CVSI should take a lesson from their marketing play book and adjust accordingly. Obviously having a Pet line helps.
Signed
Welcome back. Was wondering where you’ve been.
A company that is starting to run on all cylinders. Great news.
To return to work, It must be over 10 days since the first symptoms, 72 hours without an elevated temperature, and improving symptoms (CDC guidelines).
I tested positive on 7/18/20 and today is my first day back to work. 30mg of the Green every five hours and a full dropper of the Gold before bed. If it wasn't for CV Science I don't think I would have made it. I am 58 and a big guy (3x shirt) so I'm at high risk. I had all of the symptoms including labored breathing.
FDA failed to meet another deadline and instead regurgitated pervious collected data to support they have no intention to regulate CBD products. Complete dereliction of duty.
Obviously they have bigger fish to fry and since they were give 5 million to come up with CBD guidelines, they have wasted 5M of the tax payer’s money. This is a complete joke.
Not sure how much pull the Hemp Authority is going to have with the FDA. The federal government is going to have to step in and fix this. Hahn is another Gottlieb in disguise.