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Glad I bought somemore this morning on the dip.....holding CBIS from .05 as well. Good number of trading days before the vote....GLTA
Not surprised with that reply at all. Now we know the reason why this stock has declined despite the merger.
It really depends on the market or momentum before the vote. If we hit .50 or more just before the vote, I will take that all day and run. I do not think it will reach that price before the vote unless CBIS announces the DIVY just prior, then I think this will hit .75 or more.
I mean, profit is profit....I sold all my SIRI last week at 1.36. It might go higher on run-up to 3Qtr, but momentum was slowing and the chart was showing sell. Walked away with over $8K on this trade, but have swing traded that thing 3 times. I will look for a re-entry after the 3Qtr results. Same with CBIS, I think that we will most likely see a strong sell-off after the vote, which could provide a very nice buying opportunity especially if they are going to pursue the Divy and FDA approval.
You are correct, but what update have we heard on this process....none. Until they do, we will have to assume that they will need to dilute shares to raise the money if they cannot find the private investors with the new common share. So, no, it has not
been covered unless they make some sort of announcement otherwise.
Depends on the run-up to the vote....anything over .50 is very good in my mind,but if it is less on the eve, I will sell anyway. My avg is just over .05 anyway
From the PR:
"Cannabis Science Inc. (OTCBB: CBIS) ("Cannabis Science, CBIS, or Company"), a pioneering US biotech company developing pharmaceutical cannabis products, is pleased to announce that its Board of Directors have begun investigating the corporate and legal requirements required to issue dividends to shareholders to create a new class of common shares. The company is in advanced negotiations with several groups pursuing funding opportunities for up to $5 million between $1.00 and $3.00 per new share. The proceeds will be used to fund FDA clinical trials, acquisitions, and further product research and development.
Thus far it is contemplated the new company share structure will include two classes of common stock, class A, the existing class, and class B common shares, the new class, with each trading with separate symbols. There is no contemplated change to its current preferred share structure. The company plans to create the new class via a dividend payment of shares of the new class to shareholders of record who own the current common stock. The date of record and ratio of the dividend payment for all shareholders to receive the dividend will be announced shortly."
I think we are in for one heck of a ride over the next week, especially if this thing comes to fruitation as is announced!
Well, except for most of the new guys in here, most of us are in or bought a lot at the .05 level. So, everything is looking good no matter what. My play will be to ride to the vote and sell at least 50% on the news for a very nice profit. If the Divy is not announced until after the vote...I think it will be good timing to add after the pull-back, then ride it on the Divy news.
Timing will be big on this one.....would not worry about the FDA thing for a long while. Company still needs to raise money, then the phase trials will take some time. Stock will cycle many times and I would expect dilution as well. If you can obtain free shares after taking some profit....golden....other that that, plenty of opportunity to make money on this thing in the future......GLTA
Same....had my order in all day to dollar cost avg down and nothing....
Well, let's hope you are right on this one. I agree with you on MMMG as well.
"Then step to the side ..put your shares up for sale right now and I will ACCUMULATE from the weak and disenchanted.....put up (buy) or shut up the whining...are you a supporter of VCTY or not? I AM ACCUMULATING VCTY!!"
I think that says it all. By investing in the company we are supporting, however, the company also has a responsibility to it's shareholders as well, does it not?
What I disagree with, is the way the whole Hydro Merger deal was pumped for so long without any real update or conclusion. Then, out of the blue, this other company merges and it is pumped as the best thing since sliced bread. It all just seems kind of shady. If others did not feel the same, then I think we would be looking at a much stronger pps. So calling someone weak or disenchanted for not questioning is absured and uneducated.
Do not forget that this is a pennystock company. They live and die off of PR's and merger news, do not forget that.
Sorry, but that is about the most ridiculous response I have heard. How can you believe in a company that does not post financials? If they want us to invest, then they need to tell us how they are doing and their plan to grow and make money for us who invest in them. So telling everyone to relax and think of a happy place is mind blowing and an insult to all on this board who expect something for our investment.
That is a very good question. Where are the financials? What is the status of the Hydro Merger? Has it not been 45 days? This is why the pps is where it is at this time. No one takes this company seriously right now.
VCTY needs to come out with some hard facts of where they are at, what they are worth, and their game plan for the future as well as formenting the stock structure.
Buy CBIS now! By Monday this baby is going to the moon...wwweeeeeeeeeee!
Just as I said yesterday.....build the premise of a Divy, and they will come!
Either a PR today or some sort of announcement or plug over the weekend coupled with the Prop 19 anticipation and this will really blow us away!
I missed the part about CNBC being there to cover the conference. Thousands tune into that program every day, and if you can convince the analysts that there is a solid future in this country, others will believe it as well. That is my hope at least. Prop 19 aside, if the company does announce the Divy on preferred shares, it will open the flood gates to new investors just trying to get in on that deal....that has been seen over and over on divy stocks.
Again, timing is very important, even if the Divy is not solidified by this weekend, it would be smart of the CEO to give it a plug during the conference while CNBC is covering...how huge would that be!
I am having some second thoughts on the conference this weekend in New York. If the CEO can make his point and solidify this company in the eyes of CNBC, coupled with a Divy announcment soon after, then we will be sitting on something huge.
Many folks that I have told about the stock do not believe it is legal company. Perception is everything, if they can change the perception and show a solid business plan, then the investors will come....
Looks that way....cannot believe how badly this stock has performed. Like I said earlier, no PR on financials is going to turn this thing around. Looks like we will be bagholders for the next 6 -9 months before this thing is pumped again. Hopefully we will not make the same mistake twice.....GLTA
Pump,
You still holding all your shares, or did you cash some of them out and take some profit?
Anyone else?
I agree with you on the Divy to hold folks after the vote...however, I would not go that far as to say they know what they are doing on how to keep the stock on track. Too many fluff PRs in the past IMO.
Agreed, I believe it will continue to rise up to the election, however, would be really nice if they give us some solid news on the Divy of preferred shares for existing stock holders....that would really be a nice catalyst for the stock.....
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Negative, what is going to propel this stock is the belief that Prop 19 is going to pass, not showing for the conference. Another factor would be to announce an update on the Divy/issue of preferred shares to existing share holders......
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I am very, very surprised that this stock could not even break .008....with the PR on the merger news. If that could not happen, I doubt it will move much with news on financials...looks like it is time to take profit...GLTA
That would be huge.....I would even go as far as to say your estimate on that is probably conservative....timing could be very important on this one for sure.
Are you saying that is you one and only position or did you pick up those shares to cost avg down.....This thing will still need to almost double to the majority of folks on this board back to even....even with finanicals, I doubt it is going to happen soon....but one can always have hope.
All very true, but it would also be nice to hear something about the Divy plan for shareholders.....you would think they would have announced something by now or at least at update....would also be good to keep momo up as well
Copy....thanks for the info....missed that one...
Need to see that PR today....I hope they do not screw this up and kill the momo.....come on VCTY.....announce!
I find it odd how much grief I got when I told folks to flip this thing when it was in the 4's.
Luckly, I waited for it to drop back down in the low 2's to enter....but now that it has dropped farther just tells me that this was indeed a pump and dump......if the company really had any strong fundamentals to hang it's hat.....the pps would not have dropped as it has......so again, even if the company files, it will be a very long time before you see that half dollar range again.
I will buy one more traunch to cost avg down once this goes below .10 and hope they actually do file to I can get out of this bad pos!
Good luck to everyone else.
That would be hard...just think of the folks who bought SIRI at .05 over a year ago and held.....I did not get into it until .36, but still happy.
Sold off my older position that was at a higher cost basis for small profit just in case it dropped again. However, the rest is at the .05 cost avg. Well see from here.....glta
I don't, I think it will really kill the momo today. I know some disagree, but going into the weekend with news or verification will cause a pull-back in late day trading and cause us to try and climb back to where we are now.
Just look at where we are now....if this info was published before they cut the price down to the 2's, we would be well over a penny by now.....
What happens if nothing comes out on Monday? Then I think we will see a very large sell-off and we will be back to square one waiting months for some new news to drive it back up so many can get even again.....JMHO
I hope so, it needs to be filed today before the market closes, if not....we lose all momo on this one
If the merger is complete with the Indian company, where is the PR? .006 would have been something of the past if it would have been issued!
Does anyone have a current L2?
Not anymore.....now this stock has dropped so much...S1 filing will do nothing to allow folks to get back to even....
Enough of the sell off......I mean, WTFO.....what is going on to really drive this stock down..It had held steady for a long time....this does not make any sense.....and it is not MM's trying to shake people out.....something is seriously wrong and it is seeming more and more like the joke is on us....
Why can't they say when finanicals will be released? News will need to be very good, but doubt it will be enough to lift us out of this hole. Bit the bullet and bought more to cost avg down.....hoping now to have it rise just enough to get out without much damage.....good thing my SIRI is still on a role!
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Based on what info.......this thing has been dropping like a rock....with no bottom/support in sight.....another penny stock scam? Worried, not worth to cost avg down.