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love how easily this moves on such relatively low volume.
*as part of an employee incentive plan, which i support and agree with. give the employees incentives!!
Because you can only vote for authorization once per year. They want to at least have the authorization to execute if they deem it necessary.
The major thing is how they make it crystal clear the purpose is to uplist — not to dilute like most here would have u believe.
Orphan status granted today?
good god man. let me explain this to you in plain english:
that's because TRT* had/has toxic debt.
CVSI does not.
in most cases a company reverse splits to liquidate dilutive shares at higher prices.
CVSI is not doing this.
there is no toxic debt they need to liquidate by means of reverse split.
thus, there is no reason to anticipate a sell-off leading up to or even post-RS, unless it's done at the hands of people like you who don't seem to be able to grasp the reality of the situation.
right, because TRADITIONALLY, a reverse split means that as soon as it's executed, dilutive shares immediately get dumped with less liquidity.
this isn't the case with CVSI. there's no shares to be dumped and the RS isn't being suggested for this purpose.
that's BS man. there was an RS authorized in the last year and the stock thrived. management let it expire.
look, this is what we have:
-top line growth of over 100% YoY and QoQ continuing
-fantastic margins
-no toxic debt resulting in dilution
-a relatively low market cap
-a MAJOR head start and a firm grasp of market share in an industry that's just beginning to take shape
-a small float
-a small share structure overall
-18mm in POSITIVE shareholder equity
-the hemp bill on the table
-the first CBD drug to be approved by the FDA
-a recent run-up that's cooled off with a chart entering consolidation mode
-another quarter upcoming in just over a month that should be fantastic.
find me another stock like this and i'll put money into that.
until then, i'm parking a significant chunk of change in this.
I think CVSI gets acquired inside of a year if revenue growth continues.
My man just a few shorts months ago the company wasn’t valued correctly
Interesting thought:
Management’s recent form 4s acquiring shares at granted prices/exercising their right to buy + m&a activity + this being a leading CBD maker = potential buyout?
Listen I know buyouts get thrown around on iHub boards like crazy but this could legit be one of them.
dude..."as a result, we have no assets"
FILING CLEARLY STATES THEY HAVE NO ASSETS. COME ON:
"As of December 31, 2017, the Company chose to close and remove the following subsidiaries from our consolidated financial statements on a go-forward basis: LocalAdLink, Inc., Adjuice, Inc., and Aim Connection, Inc. As a result, we have no assets and no current operations. "
shortly after that, it says this: "To begin operations and become profitable, we must raise additional working capital. We have no commitment for funding and there can be no assurance that we will be able to secure additional debt or equity financing and, if obtained, will be available on terms acceptable to us. If we are not successful in securing additional financing when needed, we may be unable to execute our business strategy, which could result in curtailment of our operations."
we're RIGHT in a great spot to break to highs, for the love of god don't dump your shares on the bid people. in fact don't dump at all.
don't count out the Farm Bill either--a passage of it will mean CVSI's products can be expanded to all fifty states.
massive.
they also have hemp farms in kentucky!
the fake synthetics thing was pushed by idiots on this board who can't read. the PR clearly talks about how some CBD products can be synthetic, and then mentions how CVSI is not one of those products, and in fact has been tested to prove it's purity.
you bring absolutely nothing of substance, only stupid questions and contributing to confusion, all while flipping the stock with mere hundreds of dollars.
please stop posting on this board.
Best case scenario, and what I think the company is thinking:
A 1 for 2, a very small split, after their next quarterly report confirms continued sustained growth. While the percentage gains in revenues are hot, this is when they want to take advantage.
You continue to baffle me. The press release underscored how superior CVSI’s product is. I am in awe of your inability to read
Muscle pharm was a massively successful RS.
Probably a big swing or a big short doofus, read the filings, what little debt they have remaining they’ve been deliberately paying off with cash so as to avoid dilution.
Dude seriously stop it. There’s no dilution.
Disagree, it was smart money that got out well above 2, and distributed to weaker hands that couldn’t stand the test and brief break of $2. Since then you’ve seen dumping at the bid from these idiots
Jesus shut up. There isn’t an RS looming.
Oh ok I think I get it. So the provisions ARE included and voted on as part of the whole bill next week. That’s good!
I am so confused. So hemp could be legalized next week?
Link
oh snap. this is big...
< this is the type of trader that's responsible for this stupid price action. talking trash, not knowing anything about the stock, spreading misinformation, then he finally gets in to provide a smidgeon of liquidity, only to dump at the bid and further exacerbate failed short term recovery efforts.
remarkable. thanks for your contribution to the board, but the chart as well.
oh my god STOP saying they're DOING a reverse split.
they're voting to APPROVE the AUTHORIZATION to do one, in order to UPLIST. they've had one before that they let EXPIRE.
get the hell out of this board with this blatant misinformation, clown
...have you been playing dumb this whole time?
people like @felixwankel who are dumping at the bid because the price is dropping and fear is taking over. it's herd mentality and what happens in these type of stocks. sells are getting absorbed, it'll bounce, and they'll be back in at a higher price.
alright, we got out panic washout and have bounced nicely off support.
clearly the majority of this is low volume dumping on the bid from impatient, scared dorks who don't know any better.
They don’t sell synthetic. They’re working on a drug that can only be patented if it uses a synthetic CBD.
this board is being overrun by a handful of people trying to stoke misinformation and fear about a reverse split that:
1) hasn't even been voted on
2) once voted on, isn't necessarily even going to be implemented
3) has been approved before and allowed to expire anyway
NOTHING IS.
These guys are dorks.
READ THE FILING. They want authorization for an RS for purposes of uplifting BECAUSE they’re doing so well.
They had authorization for an RS Before and they let it expire.