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Excellent, I hope they file it on 4/20/2010. I'm also thinking once they release the 10-Q is when we will see an explosion in new investors playing it as an undervalued stock. Unfortunately for all these to be investors, the float is so small there wont be enough to go around and it will EXPLODE!
Oh and I think CMIB's goal of, "we believe we will be providing services to at least 20 additional locations by the second quarter of this year" -2/22/10, is going to be even bigger if they use MJNA's networking skills.
I can just see it now:
CMIB becomes THE COMPANY that provides credit card processing to dispensaries from their early cornering of the market. Dispensary growth expands exponentially over the next couple years as more states pass medical MJ. End result: They get payed almost every time someone in the United States buys cannabis from a dispensary. That is essentially like getting paid every time someone buys liquor from a liquor store. Talk about BILLIONS IN POTENTIAL REVENUE!
I'm not selling any until $4.20 a share personally, and I'm only going to sell enough to smoke a victory ounce blunt because that would be the only thing viable to celebrate this companies sucess!
I can't wait for their quarterly report, hopefully it shows the revenues they have been talking about. Does anyone know when they are supposed to file their next 10-Q?
$4.20 a share coming soon...seriously
GW Pharmaceuticals Vs. Cannabis Science:
I. The Beginning
A. GW: "GW Pharmaceuticals, the company licensed by the UK Home Office to undertake a pharmaceutical research and development programme to develop prescription cannabis-based medicines, has commenced its clinical programme"..."we hope to have a cannabis-based medicine available for prescription by doctors within three to four years" November 16, 1999
B. CBIS: "The company's intention is to follow the FDA's regulatory pathway for drug development through early clinical testing and then seek a Big Pharma partner for late stage human studies and filing for FDA marketing approval" June 11, 2009
II. Clinical Testing Timeline:
A. GW Pharmaceuticals does private clinical programming and testing from January 2000 to March 2003.
B. CBIS does private clinical programming and testing from June 2009 to March 2010.
Note: CBIS does their necessary data collection much faster.
III. MCA(UK)/FDA(US) Submissions Dates:
A. "GW announces that the regulatory dossier for the Company’s first cannabis-based prescription medicine has been submitted to the UK Medicines Control Agency as planned" March 4, 2003.
B. FDA submission to be soon as, "the Company now has the substantiated data to for its first application for a PTSD drug for FDA clinical trials" March 1, 2010.
So here we are up-to-date with CBIS and who knows what lies in the future, but we can always look at what happened to GW Pharmaceuticals:
IV. GW Pharmaceuticals Past and CBIS' Future:
A. GW's Past: A little over 2 months after MCA submission, GW Pharm. receives a nice contract from Bayer, "In addition to a share of product revenues, GW has received a signature fee and will receive additional fees on regulatory approval in the UK of the initial indications of MS, neuropathic pain and cancer pain, totalling £25 million" May 21, 2003. Don't worry it gets a little sweeter. A little over 5 months later GW and Bayer extend their agreements to canada where GW, "maintained a significant share of long term product revenues in Canada and will receive additional milestone payments totalling up to £7.75 million".
In summary, GW Pharmaceuticals gets a contract worth £32.75 million and a share of product revenues 2 months after MCA submission. Also don't fail to notice that the £ symbol stands for pounds and in 2003 it was about $1.60 to £1 (£32.75=$52.4 million). $52.4 million + product revenues.
B. CBIS' Future: Many of CBIS' past PR's have hinted at licensing agreements in the near future. Even the PR on June 11, 2009 talked about how they would pursue big pharmaceuticals AFTER early clinical trials.
Here are some recent PR'S discussing the upcoming licenses and order of events:
January 11, 2010:
"Cannabis Science is in negotiations with several companies in the US and internationally to contract or license its formulations for development, certain rights to manufacturing processes, and the sale in each prospective jurisdiction and or country"
February 9, 2010:
"Cannabis Science is in negotiations with several companies in the US and internationally to contract or license its cannabis based formulations for development, certain rights to manufacturing processes, and sales in each prospective jurisdiction and or country"..."it is finalizing agreements with suppliers, manufactures, and research institutions that it expects will close within days and weeks to come. Once these agreements are closed they will be announced along with details on how CBIS will bring its first Cannabis based pharmaceutical products to market"..."sharing the details with our shareholders in a timely fashion"
February 25, 2010 (last thursday): "Negotiating several jurisdictional licensing and distribution agreements with potential partners around the World".
Summary: Licensing agreements from big pharma are on the way, the question is for how much and how valuable will it make CBIS?
For starters, CBIS will be a better canabanoid company than GW Pharmaceuticals. Looking through all of GW's history (which I recommend you do http://www.gwpharm.com/news.aspx) and comparing it to CBIS (http://ih.advfn.com/p.php?pid=news&cb=1267513371&symbol=CBIS), it appears that CBIS is specifically following GW's process but doing it better. They are more efficient, more intelligent, and entering into a better market (MS vs. PTSD). In my opinion CBIS is essentially the newer, better GW pharmaceutical and I think big pharmaceuticals are going to recognize this as well.
Bottom line: CBIS' upcoming PTSD product is by far more valuable than Sativex was in 2003. Keep in mind also that marijuana research and support has dramatically increased since 2003 (therefore more people recognize its value now than in 2003).
So what will CBIS' licensing contract look like seeing as GW pharmaceuticals received an agreement for $52.4 million + product revenues, 7 years ago, with a product of lesser value, and in a smaller market? I'm guessing larger.
So now,the value of CBIS. Even though I am making the arguement that CBIS' contract will be larger than GW's, lets just assume CBIS receives the exact same contract for its product. Actually lets be even more negative and say that they receive a contract not worth $50 million, but that the contract only makes CBIS worth $50 million (and btw that is a huge difference).
CBIS PPS:
$50,000,000 / 14,679,000 = $3.40 a share on very negative and non-speculative numbers
Simple Summary of everything:
1. A licensing contract with a big pharma is going to be annouced soon for CBIS.
2. This contract is going to make CBIS worth at least $4.20 a share. Could go past $10.
3. We all retire and smoke a victory J.
MMID Ask Price Shares Date/Time
STXG 0.35 5000 02/23/2010
HDSN 0.384 5000 02/25/2010
DOMS 0.40 5000 08:58
ABLE 0.50 5000 07:36
PUMA 0.51 2500 12/14/2009
ETMM 0.51 2500 08:37
Pack your bags!
the MM's need to stop manipulating eachother for the remaining shares b4 BOOM!
TO THE MOON!!!
More marijuana mainstream attention:
http://news.yahoo.com/s/ap/20100222/ap_on_re_us/us_seniors_marijuana
Oh and people interested in investing in medical marijuana stocks like HESG here, should consider checking out the new Cannabis Medical Solutions Inc.
HESG Long and Strong!
More marijuana mainstream attention:
http://news.yahoo.com/s/ap/20100222/ap_on_re_us/us_seniors_marijuana
IMAI looks solid for the upcoming MMJ sector. I also suggest looking at CMIB if you like MMJ stocks.
Has anyone seen more of the national television educational series that they said they would be doing?
So if they hit their goal of 50 million in revenues this year (also wouldn't be surprised if they surpass their goal once they catch fire), with an outstanding share count of 19 million doesn't that put the potential PPS over $2.50?
Does anyone know the outstanding share count?
Awesome news! I'm surprised we didn't get many new investors today. Definitely long on this one though!
Ya you are right. Sorry for the comment and thanks for your prior support. GL to you on SFNL
Sorry to say this but CMIB > SFNL IMO.
56k volume, nice!
Excellent, this delay on expected news has made me quite nervous. Go cmib!
All very solid buys this morning on L2.
Hoping for a good PR today!
I'm pretty sure the news they are going to release will be so huge that this period of silence will be nothing. I feel a multi-million dollar contract on the way...similar to what GW Pharm received...and then CBIS in the cents will only be history. $$$ land here we come!
Icequity, great post as always! You seem to be one of the only people who understands what is truly going on. Im glad you will be here as we travel through the stratosphere and leave all these haters to dwell on what could have been!! Soon We Fly.
I can tell you it feels pretty good to be up %200 the last couple weeks, and seeing as Mr. Gaffney is still a massive shareholder, he will want this back up again in good time. I plan to follow his plan since he does seem to be making lots of money of the massive amount of fools on iHUB.
Thank you, and I agree that it won't do anything significant for HESG, I was just defending it from being called "crap". Its amazing though, how news like that would have been very taboo a couple of years ago. We will see greener days!
Not true. The national cannabis reform movement DEFINATELY affects this stock as well as all other cannabis stocks, and videos like this from a major media outlet are key in reaching our goal (HESG's goal) of marijuana legalization. Not saying a PR from HESG wouldn't be better, because that would be amazing, but media = public opinion = politics = legislative changes such as a move of marijuana from schedule I to II and then down the road legalization. News of cannabis being rescheduled from schedule I to II, which i do expect to happen this year, would be HUGE for all cannabis stocks and their ability to expand. The day marijuana is rescheduled, is the day all the marijuana stocks go GREEN.
GL LONGS
I have been getting pretty excited for some sort of update as well. Hope we get it today!
Anyone have an L2?
Nice find! Great video.
Ahh finally someone who understands something about stocks, nice post for the learning investors! And in response to Benjo's post #17846: I like how it is an adress to "victims"(lol), followed by a bunch of nonsensical ideas. I could spend the time dissecting how irrational and senseless your thoughts are but that would probably be a waste of time. I imagine everyone else who recognizes how foolish your statements are probably thinks likewise. Instead I will make one counterstatement (for the sole purpose of actually helping these "victims", and not creating more "victims"), and THIS IS THE TRUTH : You are only a victim if you have sold into the panic, of whom you are a victim is yourself and no one else, and yet there is still a chance for you "victims" to rethink your DD, reinvest, and hold long and strong like you should have in the first place!
P.S.- I apologize Benjo, for being so critical, if you were indeed, trying to help others succeed. If not, well, you can leave.
I do find it very interesting that the lawyer IMAI is using to update its OTC filings, as shown on the bottom of this document, http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=27270, is Robert Young, the same lawyer who works(or worked) for HESG, as discussed in many of their PR's. Is this good or bad? I guess only time will tell.
I cannot believe the level of panic that has occured, and the average level of stupidity on this board. Foolish sellers deserve their losses. All longs will be rewarded for their patience.
Anyone that sold today is an idiot.
GL Longs.
Already got what I could last week at .19, but im okay with it. Glad to hear your confidence in this news/stock, I am also very excited to be a shareholder in this company.
Do you think this backup will still come this week?
You are exactly right.
Did you get a hold of the company?
Excellent. Gogogo CMIB!
http://www.parentdish.com/2010/01/26/medical-marijuana-is-entering-the-classroom/. Looks to me like the number of diseases cannabis can potentially treat keeps growing and growing. CBIS' potential is limitless!
Oh, here is another article vouching for legalization. This is a new arguement I have not heard before. http://www.popsci.com/science/article/2010-01/lack-balance-not-thc-makes-pot-health-risk
Isn't MJNA sponsoring this event http://hiphopwired.com/2010/01/26/%E2%80%9Ccannabis-crown-2010%E2%80%9D-set-to-kick-off/ ? If so, 1,500 tickets already is decent revenue.