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If they are part of the insiders - they will not lose money
I have not seen any details filed on the prospectus just generalities
the devil is always in the detail - big cushion in authorized could be for a conversion to preferred - they seem to like doing that with a huge bonus to common
I just look at ngbl - and 10 billion shares is nothing for these guys - dropping a few billion subpenny would be enough
November is here - October passed with not one daily posted predictions happening
I think November should have an opiod prediction based on completely empty info - it just seems like the timing is right
but instead of just making the generic statement that only CANB products can ease the pain without the opiod addiction - we should throw in that congress will soon approve something and that the WHO ( world health organization ) will be providing regs which match only CANB's formula
that should be good for the first two weeks
should be a sticky
in which month did the company receive the SAMs units for the very first time? if this is answered honestly than all points become mute in terms of how revenue is impossible
on the deferred income - cut and pasting a definition isn't enough - it needs to be understood. I will try put the cut and paste definition into perspective
deferred income does not only apply to prepayment or POC - percentage of completion. It can apply to very simple things such as prorated revenue.
to take this further to see the basic misunderstanding of the deferred income principle I ask the following questions:
1.) when are the invoices issued?
2.) how many days in the month are there on average?
3.) how many days are the SAM units invoiced for?
4.) where is the difference - especially if the service was provided mid month or worse - service provided on the last day of the month?
the above is done for a cutoff date to ensure the accuracy for the month - especially at yearend or at the end of a quarter. Auditors will run this test on every company EVERY company.
furthermore,
5.) how are the SAM costs accounted for - matching principle specifically
6.) why is an inventory item considered plant property and equipment when it clearly isn't a fixed asset - not even close
7.) does the gross margin figure include 100% of SAM revenue? and if so does that make any common sense?
the scam ceo has been provided
and the dilution experts are in the same summary - just dig a little starting with wrapmail and you will get there :)
the bs pr's that was mentioned was also provided to you
on the medical side = that is just pure common sense after gaining minimum knowledge of CBD
bid looked like it depopulated instead of repopulated?
it definitely didn't pour today on the bid :)
imagine that - a company paid spokesmen saying something decent about the company
just incredible DD as folks like to call company provided information
no independent doctor would ever say that CANB products are < insert any adjective you want > unless they are paid
fake news again
but the bid is being repopulated :)
lol- yes our scam ceo, right after running wrapmail to the ground, has found the perfect formula for CBD, formula is so perfect that no one has it other than CANB? I wonder who has it outside the usa? we will dominate the CBD world - but when?
which begs the question: how did they develop this FDA accepted formula?
was it from the owners of pureleaf?
or from that other company who has the most obnoxious and silly name - you know the one with out an ecommerce website?
or from all that used equipment that is just sitting around?
I think we really only have one post that is making this silly claims - wikapedia definition of fake news
- at least posts regarding the scam ceo, the dilution experts that are insiders, have links and documents proving the case not to mention the 1.5 billion authorized etc etc etc
slowly but surely people are looking at the real FACTS of the company and not some opinion on how the FDA thinks
hope folks look at all the info provided - goes back to the 1990's :)
they partnered with someone else - brought this up long time ago
stop posting inaccurate info - he has been busted way way more than six times
goes all the way back to the 90's when he tried to screw someone over a mortgage or something like that -posted link so long ago I forgot the details
consistently busted over the past 25 years
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it is obvious that the long winded post is completely void of any understanding
answer these questions?
how is the service invoiced?
how many days in the month are there?
who pays for the service?
what happens when the service is started mid month?
I will take real life experience over a cut and paste anyday
just like you thought first quarter rev on sams was for three months?
CEO has been busted at least 6 times - all documentation easily can be found
insiders have diluted many many companies to a no bid - also easily to be found, especially with the links I have provided
keep posting illogical rebuttals to my FACTS
revenue recognition on SAMS is spelled out in the notes to the statements
you posted
"According to the US Security Exchange Commission SAB104: “revenue generally is realized or realizable and earned when all of the following criteria are met:
Persuasive evidence of an arrangement exists;
Delivery has occurred or services have been rendered;
The seller’s price to the buyer is fixed or determinable; and
Collectibility is reasonably assured”.
how is it possible that the company has ZERO deferred income ??
or is this post just a copy and paste with no understanding?
and when did canb start to sell SAMS?
NEXT
based on that logic, money has been pouring out of the bid for the past, < insert your own time frame here >
how does one pour money into a bid? especially when it can be poured immediately out?
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that i don't know but it does strike me odd that if CANB products are so awesome and above and beyond all competition out there to the extent that the FDA is looking at the CANB product as the industry standard
CANB would somehow utilize that - maybe show off their production facilities - talk about their products are a benchmark for everyone else, what they do that no one else does, compare to the 150 million usd facilities being built to get "pure" grade product
anything
but its crickets and old test results
kind of makes you wonder
but than I just look who controls all and I smile and think
REDWOOD BABY !!!!!!!
good question but I think a better one is - how did SAMS generate almost 300k of revenue in a months time?
the simple math shows this is impossible - and given we know all the units bought and thousands more lol did not 'sell on day 1" - where is the deferred income?
they wouldn't prorate the cost as revenue would they? that would be some pretty lame creative accounting. hmmm maybe they did as they booked the units as PPE and we all know that this is not a fixed asset so...….
its just me but the CBD sales are decreasing for the last 2 quarter over quarter, so I am focusing on the largest piece of revenue and sorry but the numbers simply make ZERO sense
scam company with creative accounting - not like that hasn't happened before lol
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no links provided as these can easily be found in the filings, BUT, I do recommend doing real DD - making phone calls to understand the market and get an average monthly sales amount in terms of units - you may be shocked :)
please provide proof with links and page numbers for these claims and best to have some SEC related findings as well
they are not selling shares as the authorized is only a measley 1.5 billion
they put the CANB name because we are the only company which has the right combo CBD which will be endorsed by the FDA
the FDA I tell ya - the FDA
besides why would insiders sell their company's to CANB for peanuts when they know they will soon have a monopoly - I mean that would make no sense right? hmmm gonna have to rethink that one
anyway links, documents, page numbers, third party independent reviews, with a cherry on top - without those - you are posting false info
see you below .01
exciting times - one more day left in OCTOBER before the FDA will make CANB a monopoly
one more day
the long awaited wait
regs coming out or an FDA announcement or maybe it will be both or maybe just maybe it will be something.....
waits for the storyline to change
regs changes in 2020
FDA in 2021
Nasdaq by year end though
nice professional email the guy has lmao - wow
not sure who this guy is but his resignation letter is just terrible - typo's, very poor grammar, run on sentences etc etc etc
but its the type of caliber people that CANB can only afford to attract
that is an accurate description of how CANB is being perceived by most everyone on this board
you can be part of the sheeple or do your own goggling and make a common sense decision
REDWQOD BABY!!!
I forgot -- and to get ready for this huge move - we hired an ex-cop or agent of some sort
no experience necessary because its going to be that easy to make millions and than go to the Nasdaq - I mean anyone is better than the former ceo of wrapmail :)
how can anyone not believe the hype
slap that ask - paint that close again
ohhh and the FDA - they will allow CANB a company without a working website to have a monopoly on the CBD industry
so please slap that ask, invest everything you have
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this is what CANB wants you to believe:
weeks after closing its WRAPMAIL business - the one where our current CEO called revolutionary because it sent emails with a graphic border or some silly crap like that - which no one wanted and sales were basically zero for years
he started a CBD business where they produce the best in the world products. He bought companies from buddies who were also part of wrapmail and they also produce best in the world products - how uncanny is that?
How do they produce these best in the world products? from used equipment not even worth 75k? by mixing it themselves? buying it from someone?
there are plants being built overseas for 150 million usd to get to what is known as "pure" - but yet CANB already has what no one else has. Yes, that is what they are saying, they are the only ones
SCAM products sold be a scam company
going below .01 so please keep slapping that ask
no 70% is not the same for everything
70% of a two cent stock is a bit different than 70% of a 100 dollar stock
revenue increasing by 70% off 100k is very different than revenue increase of 70% off a billion
this is grammar school stuff - everyone knows that percentages need to be taken in context
a 70 percent increase of a brand new company in a brand new industry is completely different than a 70% increase of an established company in an established industry
housing prices dropping 70% is very different to housing increasing 70%
a 70% profit margin is unique to almost each company
profits increased by 70% can have 100's of reasons why - with each being different - the percentage is the same but the reasoning can be night and day
geez
company started both
all the positives posted about CANB are uncontrollable by the company and completely irrelevant to the company
- FDA news - not even worth debating as it is just plain silly
- Sector comparisons - 1.5 billion and below 2 cents - there is no sector just like you can't trade if off a chart
- diversity of products - its the same crap sold on different websites - websites which aren't even set up for ecommerce lol
- revenue growth - yes percentages are high but the revenue is low - last two quarters showed 0 CBD revenue growth - ZERO - SAM revenue is bogus - where is the deferred income ?????
- partnerships - all insider companies with the latest have 10 billion shares outstanding
- doctors as advisors - no doctor which isn't being paid would vouch for the crap that CANB sells - they are being PAID - simple as that
CANB can be summarized by two words:
REDWOOD BABY!!!!!!
read the positive posts and ask yourself if anything is remotely close to being accurate
so disprove redwood, disprove the nyse, disprove the bs press releases
the last two you will need to go against what the company has put in print - just sayin you are arguing against the company itself
redwood owns everyone they always have they always will that is what they do - do 10 min of real fact finding and you will see my statement is as accurate as my nyse listing or maybe it was Nasdaq - same difference - a pure bs statement
i will give you the billions because of the s on the end - but 1.5 billion is more than 1 billion so its plural billion
I post FACTS - big deal small typos once in awhile
good job warning folks of this scam company we partnered with - basically a zero bid with 10 billion outstanding - redwood company so same insiders
Litigation Release No. 23774 / March 9, 2017 - this is the parent company of Shi Farms the one we paid 500k to for them to be obligated to basically do nada, zilch, nothing
above seems to be a trend with canb
I was being polite by calling it silly
my post was 100% accurate and factual about the past two quarter CBD revenue decrease - even with the fabricated numbers - so I am posting facts
understand that if you don't like the facts it doesn't make it an opinion
whining won't help you but do continue
please continue to buy - you deserve it
penny stocks with billions of shares to be diluted do not belong to any sector - it is a silly question which makes zero sense
price is declining because of the dilution, potential dilutional and complete bs being pr'd by the company ( nyse listing, vending machines, vapes, etc etc etc )
the above has absolutely nothing to do with any sector
its a pos company selling an inferior product which only the gullable invest in
redwood has been doing it for decades now
i only post facts
as I said - numbers can look great if you have no idea what they represent
before you start misleading folks with your post - understand my post
it is simple math even with the bogus rev numbers
all this shows is that CANB CBD sales are declining in q1 vs q4 and q2 vs q1
in terms of q1 there is a complete bs revenue number for SAMS - impossible that they did 300k in less than a month - it is also impossible that they have no deferred income for SAMS - IMPOSSIBLE - any one that understands basic accounting has to agree
numbers sometimes can look impressive if you have no idea what they represent
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except common sense
Litigation Release No. 23774 / March 9, 2017 - this is the parent company of Shi Farms the one we paid 500k to for them to be obligated to basically do nada, zilch, nothing
above seems to be a trend with canb
the power of REDWOOD!!!!! shi farms 10 billion outstanding lmao
we paid 500k to a scam holding company
but insiders do what insiders do
buy buy buy
shi farms is owned by a busted penny scam holding company with 10 billion shares outstanding
I don't even own a weed farm and I can get a partnership deal with milehigh with one phone call
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I can get a meeting with mile high with one phone call thru the receptionist - it is like going thru a white castle drive thru window - you place your order and that's it
they will buy from anyone as well
anyone can
10 billion shares outstanding and we gave this insider company 500k - might as well buy machines that we don't use
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