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The news that is most anticipated is on the clinic deal as they expected to be finnished negotiating and put ink to paper in a "few days". So that is the most anticipated news follow up. The other things are also on peoples mind but the most anticipated today and for the rest of the week is the clinic update, if there will be an update.
That is all he ever says
That is a good question. I don't recall any mention and haven't heard any chatter on the board about it.
I don't think the submission of the App would be the big news, it would be the approval of the application. Just because you submit it, doesn't give you the green light to do anything until the application is reviewed and they give you the green light to do trial, then after trial, they still have to review the data from the trials. The Big news would be full FDA approval. It is not like a patent pending, you need FULL approval from the FDA before you can sell it as a treatment.
Yes they have a wait on it after a previous sell recommendation. They are saying not to buy it yet, to wait for better conditions.
Yes, saw that. Don't know what it means, if anything.
Now this is the most intelligent post I've seen on this board in a long time!!!
Yes good volume day and still red.
50k bought equals 50k sold
Which dividend are you referring to? The one that was due 12/31/2010?
The O/S has jumped to over 600 mil as confirmed by the transfer agent.
Short Covering?
of course they do so they can short it on the way down
The outstanding shares tripled since the beginning of the year and up by 50% since the 10k. Sick dilution. The stock has no choice but to come down.
CBIS market cap is aprox 60 million, there are 600 o/s as confirmed by the transfer agent. This stock is WAY over valued and before someone chimes in and says how much is curing cancer worth, I will answer billions, but not until they get FDA approval to do so and start generating billions in revenue, until then this stock isn't worth the paper its printed on let alone $60 million.
Down on higher volume, that should tell you something.
I think the rocket that was sending this stock to DA MOON was made in North Korea.
The thing I noticed is all the company has to do is state that is about to happen or plan to do something and people take it as a done deal talk about it as a fact. Some of the people believe that they are already in FDA trials.
Thats the only reason I can't stay away from this board. It is addicting.
Actually, prostitution was the first industry, not cannibus. HE HE
They will never give a bad PR as they pay to have them released. If what they previously PR'd about doesn't come to light, they will never tell us as they state this in thier disclaimer that they are under no obligation or have any intention to follow up with anything.
Are you saying I am making it up that they give out 1 million shares for every $100 in debt. Just read the 10 K it is there. I have posted it previously.
Appearently some people don't know what an 8k is and what it is for
what is an 8k
Where are the 8k's for these aquisitions?
This was a public share on their company websites, not private personal. Real great image for the company.
Aren't they REQUIRED to file an 8k within 4 days? Where is the 8K on the KANEBUS aquisition?
They posted it on facebook, Cannabis Science Facebook page posted it and then Robert Kane shared it
The other half could be a 50% partner in the Clinic and ownership of the building
Based on prior history of the company, as shown on financials, for every $1000 in cash they owe, they distribute 1 million shares. So speculate if they purchased half of a clinic for a speculative cost of $200k, they would have used 200 million shares to buy it. Which corrolates to the current jump in O/S.
200 million shares x pps of $.10 = $20 million dollars worth of shares at current market value.
Obviously, the people accepting the shares instead of cash would be taking a risk and would want a premium in a higher value of shares than what they would have wanted in cash but that premium is rediculous.
Of course this is all speculation as we don't even know the status of the clinic or how they will pay for it.
Share price is .10 not .01 and its 200 mil
So, do my details seem far fetched now that we know they diluted this even further up to 600 millon outstanding shares? So far my only error was using A?S v O/S to calculate market cap. So now the market cap is over $60 million. What has the company done in the last few weeks to deserve its market cap to increase by $20 million dollars? NOTHING.
Remember Economics 101. Supply v Demand. What happens to price when demand stays the same and supply increases?
Supply of shares increased by 33%, demand stayed the same or perhaps even lowered....therefore the stock price will do what?
In order for it to go back to the market cap or $40 million (which was high for a stock with no revenue or assets), the share price will have to go down to about .07 or so.
It is a bump of over 200 million shares since the 10K came out. WOW. And the 10K showed a bump of close to 200 million. So and increase of roughly 400 million shares since the beginning of the year. WOW!! LUCY, you have some SPLAINING to do!!!
If it turns out that they did pay 200 million shares for the clinic, how would you fell about the company? Still fell the same? Now it has nothing to do with your opinion on MMJ as a whole, just on the company and the value of the stock. Like I pointed out before, they have been giving 1 million shares for each $1000 in debt as demonstrated on their financial reports.
I don't think it will crash tomorrow, I think it will be a slow decline with a few green days along the way as they can't dump that many shares all at once, it would tank the price and make those shares worthless. Of course this is just my opinion, I could be wrong.
Set it at a number low enough that you won't lose more than you are comfortable with. I, for now, am sitting on the sidelines waiting to see how this plays out.
You don't have to lose your shirt. There is a thing called a stop order.
Based on their history, they have been giving away 1million shares for every thousand dollars of debt, the market value of their share of the building would be 200k. Check their financials if you don't believe me. Really good business practice to give away something with a market value worth $ 20 mil in exchange for something worth 200k.
If that is the case, they used it to buy the clinic, them my post of giving away 200 mil shares, market value 20 mil, wasn't so far feched as some people claimed.
I'll save you all the trouble, I am a sociopath, I should die of cancer, I'm a paid basher ETC...
Sorry if I post what you either don't want to see or refuse to see.
It just means that whomever they GAVE the shares to hasn't sold them yet. They might be waithing for the next HUGE PR that will send this TO DA MOON then Dump. Watch out for a very high volume day out of nowhere, set your stop orders NOW!!!!
Did anyone catch where he said he is giving people Simpson's Oil, which is not a CBIS product and is already being sold in dispensaries. It can't be patented. Anyone can make itm it is not that hard to make. There are video's on youtube to teach you how to make it.