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I ran across this yesterday. It is the 8-k for the Colorado purchases.
http://www.secinfo.com/d1D3P1.r4r.htm
I meant the part about another waste of money.
I hope that is not the case. No need to waste money in times like these.
http://finance.yahoo.com/q/rr?s=CBIS.OB+Research+Reports
research reports from reuters and pechala
What the monkey?? that's bananas
This was the share amount they gave for the 2 colorado things are "The transaction was a share swap in which the company is issuing a total of 2,400,000 shares for both the acquisition of these operations and as compensation for a management contract that will add significant skills to our company's team."
Now on the amended 2Q report this was listed.
"On May 13, 2010, the Company issued 25,650,000 restricted common shares at $0.10 per share to several individuals for services rendered.
I didn't read them yet, e-trade doesn't seem to have the Reuters from 7/2 and doesn't have the other one.
A few sizable odd lot trades today and a big one at the end with 91,760 shares at 4:03PM.
Has anyone read the full Reuters report or Pechala's Report, both from July 2nd?
Tony, I understand your frustration. However, this is great news for CBIS. GW is paving the way to make it easier for CBIS for FDA approval. Think of the statin drugs out there, or perhaps the painkillers. Multiple companies have successfully issued profitable drugs that target the same issue that other companies do (vicodin, percocet, oxycotin). Point is that CBIS can succeed if another company does and ESPECIALLY if that company is GW.
As a side note, the real benefits of this medicine is through oral ingestion. Smoking typically is best for symptomatic relief. That is one of the biggest misconceptions going. The reason I say this is that even if you legalize marijuana, the consistency of the product is best obtained by a company with a pharmaceutical approach. It is very difficult for a regular joe to effectively and consistently create extracts in the way a company like CBIS is able too with their new facilities. Sick people want standardization. That is why my opinion of legalization in CA or any other state is nice but not too relevant to what CBIS is doing. Someone else on this board had mentioned that it is the federal law that matters. It is and more specifically it is the Class 1 classification that needs to be changed.
Small smile...yes. And i didn't mean you wasted my time. The point I was making is that charts and TA can not be the only thing one looks at when analyzing a a stock. When you know a company has revenues that will be showing up in increasing amounts on the next two qtrly reports, based on recent acquisitions, you have to change your analysis to a more fundamental type of approach. Charts are not always right. GO CBIS.
What a monumental waste of time to write.
It's all about the numbers. Money managers use numbers (ROE, CAPM, etc.) more than anything to value a stock. We will finally have these new numbers on the next two qtrly statements based on recent acquisitions. Everything else is all based on speculation and assumption.
this is from a press release CBIS did about there acquisition of their Colorado dispensary back in May.
We are in preliminary negotiations to establish similar operations in other States that have approved medical marijuana programs addressing the ever-increasing demands for medical marijuana as people learn the truth about marijuana's unique medical values.
It does appear as though they are really going for the franchise type model. That is a pretty neat thing. I wonder what other states they are trying to get stores in?
bananas yo. does anyone have a date for the next qtrly report coming up?
I will suggest the following. It would be more beneficial for CBIS to have legalization if that was what their business model was based on. It is not. The current operations include medical marijuana dispensaries that don't require that law to pass. If you own multiple dispensaries that generate a minimum of 1MM a year, how is that bad? How does the law passing or not affect those revenue streams? Sentiment...maybe. But it is a matter of time. This is not a flash in the pan. Prop 215 started 14 years ago.
As far as the medical districts in England are concerned, i don't even know what their deal is. If they don't want to write the prescription, are they forced? Why do they need to make a public display? If you understand the science then you know it works. If you look at the other meds and their side effects how is it they are not banding together to stop them? It sounds like these "districts" have another angle and not one of efficacy.
And here is the bigger question. How are they judging efficacy if it WAS JUST APPROVED IN ENGLAND LAST MONTH??
That whole chart analysis is all well and good when you live in a bubble and you don't think that revenues affect share price.
Sorry to hear about that man. That is exactly why Dr Bob is working on what he is.I'm sure you have heard of Rick Simpson and his work. If not here is the link http://www.phoenixtears.ca/
This is an interview Dr Bob gave on the topic
KngAz,
That is so true. It is difficult for people to buy when things are not going up. People always seem to want to buy after they see it has gone up. Herd mentality. In March of 2000 we had Putnam come in and tell us how the month prior was the biggest inflows into their tech sector funds since the start of the dotcom bubble...I think we all remember what happened next. You can see the same thing in the housing market that just happened. You can't make lots of money without risk. When everyone is getting in you know it's time to get out. And vice-versa.
Oh yeah...go CBIS
Tom Ammiano?
As we would tell our clients, "It's not TIMING the market...it's TIME IN the market"...
good luck to you my fellow CBIS holder
that is bananas. i just wonder how long this type of shorting can go on
this reminds me of the game whack-a-mole...
there are approx 60,000,000 shares out there.
if the stores they bought (Montana and Colorado) keep generating the same income and don't go lower
it is approx 4,000,000 annual revenues. the stores they are adding should
bring that up to 10,000,000 by next year.
Let's say it's a retail markup of 100% so profit is 50% of revenue.
let's low ball it and say it is .033 EPS based on just 2,000,000.
at a low amount of 10X EPS we have a share price of 33 cents.
They didn't have these revenue sources as of end of last qtr.
august is the next qtrly, i believe
Show me why this is 10 cents a share?
Although it will take a 4 month average turnaround for their own medicine, the dispensaries they just acquired already have a current cash flow from what they have been working with. The argument could be made that profits will be higher once they produce their own medicine from start to finish, however, my assumption is that we will see cash flow on the next quarterly from current operations that he obtained dispensaries are already using.
The real question is how profitable they are, versus just revenue...which will change going forward to increase the margin once own medicine is made, currently and how that will reflect on the next quarterly.
IMHO
the montana one already has 1MM in revenue according to the PR. keep in mind this is revenue and we are not sure of the profit margin there.they are also looking to add 4 or so more in Montana. however, without a facility, they are paying for product they markup. in colorado, they are doing the same until the grow facility starts. that is a 4 month turnaround from start to product, approx. i wish they gave numbers on the colorado dispens because that one has more profit potential. unless the montana has a grow facility as well.
They should start showing revenue right away. These dispens already have product and customers. The facility they own can only supply colorado dispens because of interstate commerce laws, as far as i can tell. I have watched dr bob for years now. you can go to youtube and he has some interesting presentations and interviews from years back on this topic.i think we should see this on the next qtrly in aug, yes?