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It doesn't because they put the disclaimer stating that the pr contains forward looking statements that may or may not happen and that they have no obligaation or intention to follow up on the PR.
Everyone is entitled to their own opinion, not their own facts. Do yourselves a favor and seek out the facts, then form your opinion. Don't trade CBIS based on anything anyone posts on this board.
Here is the info on the divy from the SEC filing of Dec 20, 2010.
Class A Common Stock (New Class)
Each share of Class A Common stock will be entitled to thirty votes per share on all matters voted on by holders of the Company’s common stock. In addition, each share of Class A Common Stock will be convertible into Class B Common Stock at a ratio of 30 for 1, that is, every one share of Class A Common Stock can be converted into 30 shares of Class B Common Stock, at the election of the holder. Each shares of Class A Common Stock will also be entitled to a ratio participation of 97/100th (97%) on all declared dividends on the Company’s common stock, e.g. for every dollar of declared dividend on the Company’s common stock, Class A will be entitled to $0.97. Furthermore, the Company will, as soon as practicable, apply for a unique trading symbol for this newly created class of common stock.
Class B Common Stock (Former Class)
Each share of Class B Common stock is entitled to one vote per share on all matters voted on by holders of the Company’s common stock. Shares of Class B Common Stock will not be convertible into other classes of the Company’s common stock. Each shares of Class B Common Stock will also be entitled to a ratio participation of 3/100th (3%) on all declared dividends on the Company’s common stock, e.g. for every dollar of declared dividend on the Company’s common stock, Class B will be entitled to $0.03. Class B Common Stock will continue to trade under the Company’s current trading symbol CBIS.OB.
Series A Preferred Stock
Each shares of Series A Preferred Stock is entitled to 1,000 votes per share on all matters to be voted on by the holders of the Company’s common stock and is not convertible into any shares of the Company's common stock. With respect to rights on liquidation, dissolution or winding up, shares of Series A Preferred Stock rank on a parity with the Company's common stock.
Share Dividend
Upon the effectiveness of the Company’s proposed corporate actions, the Company will issue a dividend to holders of our current common stock so they received 1 share of the new Class A common stock for each 10 shares of the former Class B common stock that they previously owned as of the record date. These shares will be mailed to the shareholders directly from our transfer agent without any action require on the part of our shareholders.
Warrants
Upon the effectiveness of the Company’s proposed corporate actions, the Company will issue one non-transferable share purchase warrant for each 10 shares of the former Class B common stock that shareholders previously owned as of the 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.
November is the Elections. Many states have MMJ on the ballots and and some have even full on legalization on the ballots
.o7's coming soon?
I HEAR A LOUD TOILET FLUSH SOUND. OH WAIT A MINUT... THAT'S CBIS PPS CIRCLING THE BOWL.
Bid .888. Someone has a sense of humor! This will NEVER see .08's again!!!
Is that .08's I am seeing?
Does that mean they they have the approval to submit an app? What does that mean?
Was it exactly this number 6,153,829?
That is the trading volmue for the day, not one trade.
Its is in 10K. Outstanding shares tripled since the beginning of the year. Went from 250 million to over 600 million. 200 million in the last month alone. They say in the 10k that they will be diluting. It is all in the financials as they are fully reporting to the SEC. You can also call the Transfer Agent at (469) 633-0101 ext. 113 and ask them for a month by month breakdown of the outstanding shares.
The 100 mil is from the cbis website as the number of class A shares authorized. Once distributed via the divy, can be converted to class b shares at a ratio of 30 to 1. And yes I hit 1 too many zeros. My bad. But still, that is 3 billion additional class b shares that can hit the market on top of the 850 mil already authorized. What a windfall for whoever gets the divy.
We were calling for .09 before they diluted it 50%. Now to compensate for the dilution, it has to go to .05.
Yes, my bad, 3 billion.
100 million shares of class A stock can be converted to 30 class B shares at the owners discretion. So if every owner decides that they want 30 class B shares instead of 1 class A share, which would make sense to do at anytime the class A share trades at a value of less than 30 x the class B share.
100 million * 30 = 30,000,000,000 class B shares. That's right,
30 BILLION class B shares waiting to be dumped on the market.
Someone please correct me if I am wrong!!!!
I guess the final negotiations weren't so final after all.
We know the O/S increased 3 fold since the beginning of the year, does anyone know the current float and if any of these shares are restricted? Is there a way to find out? Currious to see how or if the float increased since the dilution of 400 million shares in 4 months. WoW at that rate we will be at 1.4 billion outstanding by the end of the year.
I've said this stock will hit .08 EOM 3 weeks ago, Pretty close to my prediction.
Here is the info on the divy from the SEC filing of Dec 20, 2010.
Class A Common Stock (New Class)
Each share of Class A Common stock will be entitled to thirty votes per share on all matters voted on by holders of the Company’s common stock. In addition, each share of Class A Common Stock will be convertible into Class B Common Stock at a ratio of 30 for 1, that is, every one share of Class A Common Stock can be converted into 30 shares of Class B Common Stock, at the election of the holder. Each shares of Class A Common Stock will also be entitled to a ratio participation of 97/100th (97%) on all declared dividends on the Company’s common stock, e.g. for every dollar of declared dividend on the Company’s common stock, Class A will be entitled to $0.97. Furthermore, the Company will, as soon as practicable, apply for a unique trading symbol for this newly created class of common stock.
Class B Common Stock (Former Class)
Each share of Class B Common stock is entitled to one vote per share on all matters voted on by holders of the Company’s common stock. Shares of Class B Common Stock will not be convertible into other classes of the Company’s common stock. Each shares of Class B Common Stock will also be entitled to a ratio participation of 3/100th (3%) on all declared dividends on the Company’s common stock, e.g. for every dollar of declared dividend on the Company’s common stock, Class B will be entitled to $0.03. Class B Common Stock will continue to trade under the Company’s current trading symbol CBIS.OB.
Series A Preferred Stock
Each shares of Series A Preferred Stock is entitled to 1,000 votes per share on all matters to be voted on by the holders of the Company’s common stock and is not convertible into any shares of the Company's common stock. With respect to rights on liquidation, dissolution or winding up, shares of Series A Preferred Stock rank on a parity with the Company's common stock.
Share Dividend
Upon the effectiveness of the Company’s proposed corporate actions, the Company will issue a dividend to holders of our current common stock so they received 1 share of the new Class A common stock for each 10 shares of the former Class B common stock that they previously owned as of the record date. These shares will be mailed to the shareholders directly from our transfer agent without any action require on the part of our shareholders.
Warrants
Upon the effectiveness of the Company’s proposed corporate actions, the Company will issue one non-transferable share purchase warrant for each 10 shares of the former Class B common stock that shareholders previously owned as of the 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.
If th e divy comes, if will be to only those who were shareholders on the ex-div date of 12/31/10
Isn't this a board to discuss this stock and trading strategy regarding this stock? Any smart investor would know that if a company dilutes its shares, the value of each shares goes down and the smart move would be to sell and wait fir it to finish its correction and the rebuy for more shares once it hits bottom?
It is just common sence, number of shares trippled, nothing done to increase value of company, share value gets cut to 1/3 of pre dilution value.
Of course he is gojng to say that the company is doing better than ever, what ceo woukd say otherwise.
That was before they diluted the stock to 1/3 its value. No, currently not a holder, I was smart enough to sell at .17.
More likely below .09.
OK, can we give the mods a break, they have been very busy in the last few min and stay on topic. CBIS diluted the hell of of the stock, it is only logical it will go down to compenstate for the dilution and the value of each share goes down as the company dilutes because it cuts the % of the company they represent proportionaly to the amount of the dilution.
WOW what an interesting day on the CBIS board!!! While we were getting a lession in religion, did anyone notice it went red again?
There is no reason why she can't invest in it. There is nothing unethical about it.
Now that was FUNNY
If you believe that he is winning the delegate count, I have a bridge to sell you in Brooklyn. You do realize that the delegates are pledged to Romney at least in the first round of voting and he will have enough to win the nomination, if he doesn't get enough delegates then all bets are off.
He won't get the Repub nomination but he might make an 3rd party go at it. Yes his position on MMJ would be good for this stock and other mmj companies.(had to throw that in or else this post would be off topic, LOL)
[quoteRon Paul's nomination as the Republican candidate will have a direct effect on the price of this stock. Apparantly, he's winning the delegate counts and the big story is main stream media does not report it.][/quote]
Good morning Gomez!!! I just had a thought is that if our dear friend Cheryl was going to invest a large chunk of money into this company, all it would take is $30 million to take a controlling interest. Wouldn't you want a controlling interest if you were to put that much moolah into a company?
Exactly! Amd I don't believe it is worth anything near $40 million at this point, which is why this will go down significantly.
Interesting thought I just had. The company has a market cap of $60 mil at current pps. If Cheryl was to invest any significant $$$ into this company, it would just cost her $30 mil to take it over and get a 51% stake. Opinons?
I believe that this stock is not done going down. This stock had a market cap of aprox $40 million before the 50% increase to $60 million due to the dillution of an additional 200 million shares. It it had a market value of 40 million defore the dillution, shouldn't it still have the same market value after? That is why it has to correct downward to account for the dilution.
IMO
Might get a short term bump, but that is also build into this price as the national coverage (A&E doc) and investment from Shumman is already been put out there and traded on. Unless there starts to be a good chunk of revenue or strides made with the FDA, I don't think this is going anywhere. Of course IMO. And oppinions are like bungholes, everyones got one.
I think the only news that will send this To DA MOON would be FDA approval, not submission of app, not clinical trial but actual FDA approval or other foreign equivalent. All other pending news is already built into the 60 million dollar market cap this company already has. (yes 60 million as the o/s has increased to over 600 million as confirmed by transfer agent a few days ago.)
Wow, quiet today. Where is everyone?
Hmmmm...let me look into my crystal ball......I see news in the near future. There will be an extra fee for me to tell you when and on what.