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please go back and read my response to vandalay regarding this.
and i showed you a nice article about why companies sometimes pre-announce earnings, including a nice amount that did it leading up to an investor day, which CVSI had.
it's like you just choose to ignore all the things i say to you.
they applied to the nasdaq capital market.
Previous quarters have been audited, and their new accounting firm was just approved by shareholders.
Read my post dummy.
had to unblock vandalay to refute their claims:
if you scroll to page 10 in the link you provided -- "nasdaq capital market" requirements, the box at the bottom lays out minimum bid prices. included are $3 and $2, which are closing price alternatives to $4. the double asterisk is as follows:
** To qualify under the closing price alternative, a company must have: (i) average annual revenues of $6 million for three
years, or (ii) net tangible assets of $5 million, or (iii) net tangible assets of $2 million and a 3 year operating history, in
addition to satisfying the other financial and liquidity requirements listed above.
further:
"Minimum closing price of $3 per share, if the Company meets the requirements of the Equity or Net Income Standards under Rules 5505(b)(1) or (b)(3)...A security must meet the applicable closing price requirement for at least five consecutive business days prior to approval."
here's 5505(b)(1):
(b) Initial Listing Standards for Primary Equity Securities:
(1) Equity Standard
(A) Stockholders' equity of at least $5 million;
(B) Market Value of Publicly Held Shares of at least $15 million; and
(C) Two year operating history.
as it currently stands, yes, CVSI is eligible for uplist if it can maintain a closing price above $3 for two more days.
oh wow, holy crap...great stuff, more than just "mentioned" here.
this guy owns a store and says our CBD is their best selling product, to the point where they put signs up outside their store.
other catalysts you missed:
-GRAS certification
-potential for new products
-potential for PRs touting additional stores
-next Q report
-uplist updates
-IND for 007
*possible new product*
https://trademarks.justia.com/880/51/pro-cbd-88051058.html
"Pro +CBDoil"
and then there's the +hemp that was shared by sleuth.
interesting stuff.
Nice. Classification includes veterinary uses. Maybe they’re getting into pet CBD stuff. What are the other three applications?
Good DD man. I wonder why they’re getting into hemp oil.
CVSI already has over 50 SKUs.
Do we? Stick to what works. Why go and make a whole bunch of stuff, spending R&D, production costs, etc?
post market means nothing on OTC stocks
all i did was search CVSI on twitter.
here's an interesting find:
searched CVSI on twitter, found this video. CVSI mentioned and discussed around 6:30. no clue what they're saying, but it's being talked about in china, so that's interesting.
007* and all that was reported is that they hope to get IND application going and trials to start next year.
there will likely be a filing + press release in the next couple days.
i found it interesting dowling wouldn't comment or project any numbers, and yet CW seems so comfortable doing so. perhaps it's because they're doing an IPO and can't necessarily say "we aren't gonna make any projections"
hey man, can you PM me/tweet me (@buncahn) the link to that patent status page? also, i would love to talk to you more about that whole situation. you seemed to know quite a bit.
Ooh interesting! I didn’t catch that!
And CVSI has capital and a leading brand in the space. Would you rather invest in a leading company, fearing the smaller competition, or invest in the little guy on the hopes that they could catch up?
the reverse split was and has always been a last ditch effort to meet the listing requirement IF and ONLY IF the price could not/was not showing that it could reach the necessary level on its own. given the recent appreciation in price, they may not have ever effected the split at all.
they can still list on the nasdaq. the price minimum is $4. companies can actually uplist at lower price points -- $3 and $2. but different criteria must be met.
no clue regarding investment bank or analyst presence. there were over 50 people in attendance of various ages and appearances. could very well have been one or two. maybe not! who knows!
no clue. there wasn't much else said beyond "we don't plan on doing that, no." probably because it's just not in their wheelhouse/not their expertise.
i don't think it's gonna react until the actual news comes out.
they don't make vaporizing products. i spoke to the product manager guy myself and asked this exact question. he said they researched it and there's too much red tape to navigate and it's just not worth it for them at this time. once that changes, so might they.
notes from investor day:
-they're not planning on growing anything themselves (whether marijuana or hemp)
-they are deeply involved in the hemp lobby.
-they're close to GRAS certification. the toxicity report they funded a few weeks/months ago now has to be independently peer reviewed, after which they'd be GRAS certified, which they emphasized was a HUGE milestone.
-they spent a LOT of time on the CV-007 smokeless tobacco drug. i learned a lot about the way it works. fascinating stuff.
-CEO really pounded the table on this drug. he underscored many things that make it so exciting: 1) the fact that the FDA is really making nicotine addiction a top priority; 2) that the potential market is a $4 billion dollar opportunity, for which there currently exists 0 drugs and 0 drugs in development; 3) that the CEO and company believe the market is currently only valuing CVSI based on their consumer products arm and not their drug development arm. this is huge.
-they reminded us that the FDA met with them many months ago and were very excited about the prospects of the drug, and gave them a roadmap to accelerate the process of getting the ball rolling.
-they plan on starting clinical trials in 2019 following an IND application with the FDA
-they're excited to read the toxicity reports and other pertinent data following the release of said information from GWPH in the next few months -- there's a lot for them to learn apparently.
-not only are they in ~2000 stores, they're also in 1000 doctors offices (!!!)
-Dr. Joseph Maroon (famous NFL doctor) gave a great presentation on the benefits of using CBD and overall highlighted it as a key tool against inflammation, which is foundational to fighting/preventing just about every deadly disease. inasmuch as people take fish oil daily as a supplement, they envision people taking CBD oil daily as a supplement because of its anti-inflammatory properties. he said the majority of players he works with are increasingly more willing to try CBD than they are prescription painkillers and opiates. just highlighting the sea change we're in the early stages of.
that's basically it, plus the results of the vote which everyone knows. overall it was very exciting. CEO seemed very serious and excited, and almost seemed to not be able to emphasize enough the massive growth this industry is about to undergo, and how well-positioned CVSI is to capitalize on that growth.
The reverse split was not approved. All three other items were approved. Couldn’t wait to get that out there. Sitting in traffic, will post notes later
Presentation was great. On the tour now. Lots of good information, one in particular everyone’s gonna be happy about.
The big thing nobody’s watching is the drug development. The biggest hidden value by far. Will share my notes when I get home.
I’m attending! Down in Orange County, driving down tomorrow morning. Keep y’all up to date as info happens :)
super interesting. if CVSI maintains just last quarter's numbers, puts them at just under 50mm in annual revs.
What’s the date you’ve gotta be a shareholder of record?
Quarter was pretty good. Conference call should be interesting.
wifi keeps dippin in and out. i have bids in place at 2.70, 2.65, and 2.45 for some decent size in case we get some panic flush.
the posts by this new guy "panicbattles" indicates to me that shorts are starting to pile on. should get interesting. if they fail, this squeezes higher.
folks, this guy is pointing out legal issues that have been in the filings for the last several quarters and are of little to no concern. if they were, the price wouldn't have appreciated as it has.
these issues have been discussed ad nauseam.
regarding the lawsuits, they're pending and aren't for very much money in damages. even then, the company states it intends to fight them.
this person is a short seller or working for a short seller and goes into filings to find things and blow them out of proportion,
ban this guy. this is old news and was settled and is gone.
will do big dog! hopefully there's more to be gleaned than what was discussed on the call, and what's on their new investor deck on their website.
listen son, this will be my last response to you before i put you on ignore, because this is becoming a waste of everyone's time.
the fact that i'm actively trading the stock is not a reflection on my belief in the stock. i've stated this and i'm stating it again. i hold 100,000 shares. i trade 20-40k shares around that. buying support. selling into strength. i've only done it a handful of times.
i don't know what the stock is going to do. yes, i think it's going up. which is why i'm not selling my 100,000 shares. that doesn't mean i also don't think it CAN go down. WHEN AND IF it does, i will step in to support the price and absorb those sells.
a stock doesnt go straight up to it's fair valuation. it UPTRENDS. it dips, it rips. it consolidates. look at the damn chart for crying out loud.
the fact that i'm not buying here doesn't contradict jack squat. i've told you that for trading purposes, i prefer to buy weakness.
i'm not accumulating at these levels because i already accumulated. 100,000 shares.
bye vandalay! wish i could say it was nice knowing you.
good question. i'll be sure to ask that, and several others i (and a few others) have!
JESUS christ dude. what's so hard to grasp about what i wrote?
yeah! dang! i just missed the 2.90s! whoops, now i have wifi and see that it went even lower. good thing! i would've still had those 2.90s and held them anyway.
i buy on weakness. this isn't weakness. this is sideways action.
this morning was weakness. on which i'd have liked to be a buyer. for the purposes of trading -- that is, buying on the weakness, and selling into strength. as i've talked about before.
what the hell..? when did i ever even imply that my 40k trade would affect the stock?
also, it's perfectly valid for newbies to buy here, or wherever they feel comfortable. it's not everyone's game to be able to stomach buying weakness, as you can find yourself suddenly down 10-20% if you failed to catch bottom. (not an endorsement or encouragement to buy here, because i know this jagoff will take it as such)
i'm giving absolutely zero advice..??? what the hell is wrong with you dude???
let me be perfectly clear on my "advice" to new traders:
don't chase highs!
buy support!
sell into strength and trade around a core position! only if you're comfortable!
don't put in more than you can afford to lose!
don't listen to anything vandalayind says! he's a major kook!