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What is next resistance point for us on the chart?
Got lucky and double my shares this morning!.........what are the other shares you trying to sell.....I am sure I have some of those as well...VCTY?
Any update on expected PR....stock holding here good. I think folks are just waiting on the news. If they take too long to PR....I think most will sell out.....I hope we hear something this week.....today would have been best though with the election hype
Been holding this stock for a while because I thought the company was legit and potential......but now not so much....thinking it is time to cut my losses on this one and move on.....GLTA
I just hope CBIS is not dumb enough to hold the news until after close today!
No really, like I told you before....this stock is being pumped by Stockhidout.com this morning. They have done this before to drive the price up. Last time, it hit in the high 4s then dropped all the way down past this current level. This stock may run a little today and maybe tomorrow. Good time recoup some money.....GLTA
That would help it out a lot I think......
Not good, I would have thought volume to much higher today, if wait and see.....will be a mass sell-off if it does not pass. Negative poll indo his having larger effect than we thought.
Agreed, many will need to see a PR, if not, this thing will continue to drop tomorrow as well
Well, we will just have to hope they remembered to register first...lol.....
However, if this stock does not move at all tomorrow, I will be surprised as to what effect it will have even if it passes
Do we have an updated timeframe of when both are supposed to occur? Looking a little overdue at this point.
Are we going to see something soon released to the public on the reverse merger confirmation? Thought something was supposed to be out today.
Thanks
Folks pumping a lot of bad press in the polls for Prop 19 passing, will need some sort of rally for tomorrow
Anyone with current L2
How much run do you think this has? R/S merger news already factored in?
Those odds seem much better that what we can usually get in Vegas..lol, but will be the kicker, is how the stock will react when CBIS comes out with the finalized structure for the issue of it's new class of shares....either way, I would expect Monday afternoon and Tuesday to be significant days for this stock....but if prop 19 does pass....well, lets just say the others will pale in comparison.
Yes, based upon the PR, as a Special Divy, you will receive a portion of new Common A shares per amount of Common B you now own.
As to the timeframe of holding the new shares or trading, I do not know that answer. The new class A could get shorted and drop or rise significantly on anticipated Phase drug trials nearing approval.
Bottomline, you could sell your current share afterward, hopefully for a profit and keep the others as free shares and let them ride....profit is profit
Negative, the new Class is Common A per the PR, read it again. We are trading now what they will refer to be the Common B.
Well, if I have 50K shares of common stock and the Divy ratio does end up being 10:1, then I will receive 5000 shares of the new preferred stock. If the price is set at $3.00 per share, I just earned $15K and I still have my common shares.
Sounds like a win - win situation to me.
I am really not sure why this is so difficult. Everyone should be aware that some companies have two classes of shares, common and preferred. Berkshire has a class A and a Class B. I own the class B which are trading around $80.00. Their class A are are over $120K each.
Record date is set 20 days AFTERofficial announcement, which means around the 22nd of Nov or so, is the date you must have common shares in your account to receive the Divy. When the payout happens, you will have two sets of shares.....free shares of preferred based upon the ratio set and the amount of common you have on the date of record....
I think the company was finally respondig to the shareholders with an update to their new common shares propsal. I now feel much better knowing they will finalize the structure on the 2nd of Nov.
Good move on their part to help stablize the pps as much as possible in case Prop 19 does not pass, which will allow shareholders to still make some significant money on the Divy. Either way, I would expect a very stong run on the 2nd with the official announcment and prop 19 anticipation.
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Additional Information
Pump,
Any word from the front office on status of Divy or if they secured the investors they were looking to get?
Just one of the phone polls that asks you to stay on the line while they ask questions.
The Prop 19 pre-hype seems to have fizzeled now that the bears are getting more and more info about how it will fail. I think we will not see much movement until the vote...JMHO
However, hopefully "pump" has been able to gather some info from the front office on when they expect to announce the Divy for existing share holders with preferred shares. I would hope that after this conference, that they would have secured the investors they required.
More good news!
SAN FRANCISCO – Billionaire financier George Soros has thrown his weight behind California's marijuana legalization measure with a $1 million donation a week before the vote. The contribution reported Tuesday by The Sacramento Bee is the single biggest donation from an individual other than Proposition 19's main sponsor, Oakland medical marijuana entrepreneur Richard Lee.
Soros, a high-profile liberal and philanthropist, has long backed drug law reform. He was one of the top financial backers of California's first-in-the-nation measure that legalized medical marijuana in the state in 1996.
But Soros held off on openly endorsing the current measure until writing an op-ed published Tuesday in The Wall Street Journal. In the piece, Soros said legalizing and taxing marijuana would save taxpayers the costs of incarceration and law enforcement while raising revenue for the state.
"Just as the process of repealing national alcohol prohibition began with individual states repealing their own prohibition laws, so individual states must now take the initiative with respect to repealing marijuana prohibition laws," Soros wrote.
The $1 million donation comes a day after the Yes on 19 campaign launched its first television ad. The opposition's campaign also recently took to the airwaves for the first time with a radio ad sponsored by the California Chamber of Commerce, claiming the law would threaten workplace safety and harm the state's economy.
Soros' money went to a campaign committee overseen by the Drug Policy Alliance, a drug legalization advocacy group. Soros sits on the group's board and is a major donor.
The money will be spent on get-out-the-vote efforts, on-the-ground campaigning and television advertising, said Ethan Nadelmann, the alliance's executive director and a longtime adviser to Soros on drug policy issues.
Soros has long supported medical marijuana and decriminalizing the drug for personal use but has in fact been ambivalent about broader legalization, Nadelmann said. The 80-year-old investor finally decided to support Proposition 19 after seeing how the ballot measure had "elevated the discourse" around drug law reform, he said.
"For him, it's not been about legalization per se, but about rolling back the drug war," said Nadelmann.
Until now, neither side in the ballot measure contest has seen a huge outpouring of cash, though supporters have significantly out-raised opponents. Supporters of the measure have raised about $3.8 million, including the Soros donation. The No campaign has raised about $300,000.
Other high-profile donations to Proposition 19 in recent days include $50,000 from Men's Wearhouse chief executive George Zimmer and $70,000 from hedge fund president and Paypal co-founder Peter Thiel, according to campaign finance records.
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Roger Salazar, spokesman for the No on Prop 19 campaign, called the big-ticket donations to the other side a sign of panic as polls show support for the measure dropping.
"We've always known that they would outspend us. In fact, they've outspent us from Day One," Salazar said. "It seems to us the more they've spent, the more they've gone down in the polls."
Despite the large sums, fundraising for Proposition 19 has been modest compared to other campaigns. For example, campaign finance records show supporters of Proposition 23 to suspend California's greenhouse gas emissions law have raised more than $10 million, while opponents have raised more than $30 million.
CBIS still holding .16, but I am unsure if it will run higher by end of the week. I am hoping it does, but we need some news to create some momo going into the election. Need a good PR, not fluff CBIS!
fink,
Thoughts on SFIO. I think it is tied closely to CBIS.....bought a good sized traunch the other day, thinking of adding more tomorrow.
How do you know of a PR coming out tomorrow from CBIS? Please confirm or post link to that information.
Thank you
Well, it is looking like it is time to hibernate for the winter. Wake me up this Spring when/if this thing ever gets off the greys.
Yes, I do understand. But do you realize that almost 25% of all public traded companies put out false information.
The conversion rates and everything are fine and dandy, but is the company making money? Are they actually making money right now and have a sound business plan to ensure profits for the future? Pumping a PR on what they think is one thing, but disclosing actual figures is quite another....IMO
What? Your statement is a little difficult to understand. But if I had bought at .50 or higher, then I would have waited for the bottom to stablize like it has over the past week and bought another traunch equal or slightly more than my first investment to dollar cost avg down.
Please remember that this is a penny stock. Never make a large purchase all at once. Buy a traunch at a time and wait. This will keep you from losing a lot of money in the future. Because now you are considered a bagholder and must wait for this thing to hopefully climb back above your orginal purchase if you did not dollar cost avg down.
So, at the current pps. Even if the S1 was filed and everything looked really good, would you expect this stock to jump over 200%. Most likely not. But it does sound like you are doing the right thing to lower your cost to get back to even faster. However, do not try to catch a falling knife. Look for the support and buy signals on the chart before you dollar cost avg down.
I am in the middle of doing the same thing with BAC. Right now it is trading below it's actual cash per share value. Everything is telling me that $11.00 is going to hold, so I bought another traunch this morning to dollar cost avg down, but I do know that the company is worth right now over $14.00 a share if they went out of business today, so I feel a little more comfortable with that purchase.
Good luck
Well, let's see. Where have all the press releases come from? Market Wire.....wow, now that is something to regard. If you pay them $50.00, they will release anything you want to say. Please tell me you are smart enough to realize that.
Please state something to back your statement. If not, do not waste our time with your post! This just backs my last statement to the other guy who posted how good he feels about the company after talking to IR.
That is irrevelant to the point I am making. I am saying that if I called them and gathered some information that I thought this board would find useful, I would pass it along. Telling the board that after talking to them you feel good about the company says nothing.
If you are going to say that they made you feel that this is a real company, then state why? If not, then you come across as uneducated.....IMO
Well, if that is the case, please enlighten us as to your conversation. What did he or she say that stood out in your mind that this company is worth investing in?
Did they say anything about filing or expected date to share earnings with their shareholders? Did you ask them any tough questions?
Please share instead of posting fluff.
It would be nice to know the updated worth of the company so we can gauge if the stock is priced appropriately or not. I would also like a definitive answer for once on the Hydro deal. One minute MMMG says it is dead, then the next, it is still on the table. Which is it? If still on the table, why has it not been finalized and announced?
What is going to happen is that the stock will be driven down again to the 2's, then we will get some good PRs and it will rise again to the 6's maybe even 7's before dropping again. Only problem is that the people who bought in the 6's will want to hold thinking this should be a .01 or higher stock while the folks who bought back in the 2's and low 3's flip it again for a nice profit.
Everyone likes to blame it on the shorters, but really, who is shorting this stock? MM's? I doubt it, I think folks are just fliping to keep from losing money because the stock has no momentum. Not until VCTY comes out with some full disclosure of combined financials and final decision on this so called Hydro deal everyone has been waiting on for months.
I for one will buy more shares in the 2's like I did last time to keep my cost avg down. I believe this stock will break the .01 barrier or even more if the company can get it's PR act together and support their shareholders as we have been supporting them all this time.
I am only interested in the information getting out to the masses. If anything, I would hope that CBIS does a solid PR on what took place, their current business model, and plans for the future incorporating info on future funding and shareholder rewards.
On CNBC?
Is it me, or were we given the impression that the Hydro deal was dead? At best, we are being given mixed messages. Company needs to come out with a very honest, solid PR detailing where they stand wit the shareholders......oh well, at least I was smart enough to buy CBIS at .05....riding that one all the way to the prop 19 vote!