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You’re absolutely correct Marty. Although I tried to temper my post by stating “CVSI closed today at $4.62 slightly in the red” a 2 or 3 cent move in either direction regarding a $4.00 or $5.00 stock means nothing. I’m not quite sure why I posted it, perhaps Friday frustration at the end of a long but positive week. Thanks for pointing it out, I’ll be the first to admit when I make a mistake or do something meaningless once I become aware of it.
Nope, CVSI closed today at $4.61
That would be a material event and would have to be disclosed by 8k within 72 hous so we’ll see
One would assume that’s the next step.
Yes, it’s called lying by omission
Correct
Absolutely spot on!
No, they’re not
I had a nice long conversation today with Ms. Keely Moxley, Senior Analyst, Nasdaq Listing Qualifications about this exact subject.
100% spot on!
CWeb doesn’t use ICR for an IR Firm. There’s no reason for them to be there. CVSI PAYS ICR for IR Services as do the rest of the presenters.
100% spot on!
The day(s) CVSI looked good to me was when I bought 100,000 shares at $.33 and sold 1/4 of my position at $.72, another 1/4 at $.1.50, a third quarter+ at $3.05 and the end of my position at $7.00ish Other days it looked good was when I bought 1,000 to 1,200 shares and sold them the same day for a 15% to 20% gain. Unfortunately it’s been a while since there has been enough volume and price movement to day trade it. If it happens again I’ll be right there to do it again.
Yes, it’s indeed sad and bad.
The Mona suspension, fine, and the John Fife / Iliad known OTC toxic financing doesn’t help the CVSI case for uplifting. Uplisting for qualified companies is a simple process that typically takes 4-6 weeks as you can see here;
https://ibb.co/ZL735Ps
Unfortunately for CVSI due to NASDAQ Rule 5101 Uplisting may be denied for association with individuals with a history of regulatory misconduct.
That’s fully applicable in the case of CVSI. Their association with known OTC toxic death spiral financier John Fife (Iliad) is one case.
The PhytosPhere fiasco along with it’s fine of Mona, Mona’s suspension along with the SEC disciplining CVSI’s accountant and auditor Anton and Chia are three other strikes.
http://www.lexissecuritiesmosaic.com/gateway/sec/admin-proceeding/34-82206.pdf
As previously mentioned the CVSI relationship with John Fife (Iliad) a well known OTC toxic death spiral financier is yet another strike. Look at all the lawsuits and SEC regulatory fines and suspensions of Fife.
https://www.sec.gov/litigation/litreleases/2007/lr20250.htm
https://www.sec.gov/litigation/litreleases/2007/lr19972.htm
https://www.sec.gov/litigation/admin/2007/ia-2636.pdf
https://www.sec.gov/Archives/edgar/data/1379699/000114036115001204/doc1.htm
Sometimes Fife used his wife until she was permanently barred from any position by the SEC in 2015;
https://brokercheck.finra.org/individual/summary/
Fife himself was suspended by the SEC in August of 2007 which included his having to pay a hefty fine. The suspension was for a minimum 18 months before he could apply for reinstatement.
https://www.sec.gov/litigation/litreleases/2007/lr20250.htm
Fife works under numerous corporate veils. In addition to the Iliad LLC he used to loan CVSI money you will also find him making toxic, death spiral convertible dilutive loans under the names; Tonaquint, Tangiers, Chicago Ventures, JVF Holdings, Inter Mountain Capital I Inc and Utah Resources.
Due to all this history along with the reasons I list below I don’t think an uplist is in CVSI’s near future.
The reasons I don’t think they’ll be accepted to uplist are what I’ve stated above as well as the following;
(1) The farm bill is a complex matrix of provisions intended to help farmers already in the business of growing food and fiber for domestic consumption and export. It would also include certain restrictions on imports of food and fiber. These are mostly private enterprises running from small operations of a few acres up to multi billion dollar operations requiring annual financing to the tune of hundreds of millions. Farmers are also, by nature, conservative. They wouldn't, at first, fall all over themselves to commit large amounts of capital to hemp production just to supply some hemp by products to sell to the health and wellness businesses. Which means this is a tiny provision within the total package and not exactly something the politicians who must vote on the bill are deeply concerned with. The reefer nuts, however, pay no attention to what the politicians are debating about among themselves. Ultimately a bill must please the President, wacko that he is. He may veto it because he doesn't like the SNAP program. He has just threatened to close off the entire border with Mexico. CVSI “investors” are trying to simplify what is a very difficult piece of federal legislation with provisions that will have an impact on farming revenues for years to come.
(2) NASDAQ Rule 5101. Listing may be denied for association with individuals with a history of regulatory misconduct. Fully applicable.
(3) In a statement, FDA Commissioner Scott Gottlieb, M.D. says the passage of the U.S. farm bill, now called the Agriculture Improvement Act of 2018 since it is law, does not diminish the agency's regulatory oversight role related to cannabis-containing food and drink.
He says the FDA will be diligent in monitoring the hemp marketplace to ensure that makers of non-approved products are not making unsubstantiated medical claims.
Also, the Food, Drug and Cosmetics Act prohibits interstate commerce of food containing cannabidiol (CBD) or tetrahydrocannabinol (THC) since it is an active ingredient in an FDA-approved drugs
100% spot on!
call ICR and ask, just as I did. 800-210-2491 It will be verified for you .All presenters are ICR clients who pay ICR for Investor Relations. No one is ”invited” to present at this conferences. CVSI just like the other ICR clients pay ICR to promote brand awareness, increase visibility and help manage social media. They’re an advisory firm augmenting their Investor Relations Firm IRTH Communications. CVSI, just as all the other ICR clients will present for a big 20 minutes. This can all be verified by calling ICR as I did.
No it’s not. As I explained yesterday ICR is an Investor Relations Firm. No one is ”invited” to present at their conferences. CVSI just like ICR’s other clients pay ICR to promote brand awareness, increase visibility and help manage social media. They’re an advisory firm augmenting their Investor Relations Firm IRTH Communications. CVSI, just as all the other ICR clients will present for 20 minutes. CVSI wasen’t invited to attend or present it’s the other way around. CVSI, just like ICR’s other clients paid ICR for their services which gave them the opportunity to ask to present. This can all be verified by calling ICR as I just did or simply look at the ICR Conference web site http://www.icrconference.com More importantly CVSI in the red again this A.M.
What’s In Store For CBD? The hype and attention will die down, says attorney.
https://www.foodnavigator-usa.com/Article/2019/01/03/What-s-in-store-for-CBD-One-attorney-predicts-it-won-t-be-the-hot-ingredient-in-5-years#
Spot on, particularly when you consider this; https://ibb.co/ZL735Ps
I didn’t say Mona was the only issue. I said “ there are a number of issues why I don’t believe an uplist is in the cards currently for CVSI, those being (1) The farm bill is an 867 billion dollar, 540 page complex matrix of provisions intended to help farmers already in the business of growing food and fiber for domestic consumption and export. It would also include certain restrictions on imports of food and fiber. These are mostly private enterprises running from small operations of a few acres up to multi billion dollar operations requiring annual financing to the tune of hundreds of millions. Farmers are also, by nature, conservative. They wouldn't, at first, fall all over themselves to commit large amounts of capital to hemp production just to supply some hemp by products to sell to the health and wellness or Nutraceutical businesses. Which means this is a tiny provision within the total package and not exactly something the politicians who voted on the bill are deeply concerned with. The CVSI investors however pay no attention to what the politicians were debating about among themselves. CVSI investors are trying to simplify what is a very difficult piece of federal legislation with provisions that will have an impact on farming revenues for years to come.
(2) NASDAQ Rule 5101. Listing may be denied for association with individuals with a history of regulatory misconduct. Fully applicable”.
Not only has CVSI been affiliated and led by Mona who clearly qualifies as having a recent history of regulatory misconduct with CVSI but CVSI also was financed by John Fife (“Iliad”). Fife has a long history of regulatory misconduct. Examples;
https://www.accesswire.com/438761/KBM-a-Toxic-Lender-Meets-Resistance-by-Small-Cap-OTC-Company-In-Federal-District-Court-of-New-York-Through-Ellsworth-Young-LLP
https://www.sec.gov/litigation/litreleases/2007/lr20250.htm
https://www.sec.gov/litigation/litreleases/2007/lr19972.htm
https://www.sec.gov/litigation/admin/2007/ia-2636.pdf
https://www.sec.gov/Archives/edgar/data/1379699/000114036115001204/doc1.htm
There are so many tickers Fife has been involved with that have lawsuits trying to rescind his financing, so many SEC and FINRA fines and discipline actions for toxic, death spiral financing, John definitely has a history of regulatory misconduct.
Sometimes Fife used his wife until she was permanently barred from any position by the SEC in 2015;
https://brokercheck.finra.org/individual/summary/
(3) In a statement, FDA Commissioner Scott Gottlieb, M.D. says the passage of the U.S. farm bill, now called the Agriculture Improvement Act of 2018 since it is law, does not diminish the agency's regulatory oversight role related to cannabis-containing food and drink.
He says the FDA will be diligent in monitoring the hemp marketplace to ensure that makers of non-approved products are not making unsubstantiated medical claims.
Also, the Food, Drug and Cosmetics Act prohibits interstate commerce of food containing cannabidiol (CBD) or tetrahydrocannabinol (THC) since it is an active ingredient in an FDA-approved drugs
For those reasons along with my personal rule that I don’t fall in love with any OTC Stock, ever, and become a “long” unless I’m the principal, one of the principals, one of the principal financiers or I or my
VC / Hedge Fund Partners are insiders owning 5% or more of the company. Like I stated I’ve done well with CVSI and if the volume and momentum come back I’ll trade it again.
You may not like my position(s), however they’re always backed by fact linked citations or else they’re just an opinion and we all know the saying about opinions. My position(s) are drawn from years of trading and financing down here in the OTC and my position here is there will be no uplist in the foreseeable future for CVSI.
It’s been 5 months and 12 days since the uplist application. Let’s revisit the issue if and when an announcement is made. Sometimes the exchange doesn’t make a formal announcement, they just never comment as has happened to date with CVSI’s application.
The above references are for informational purposes only. They are not intended to be investment advice. Seek a duly licensed professional for investment advice.
Activist Investors like Carl Ichan? Ichan’s net worth is 15.5 billion, this is small potatoes for him and other such “activist investors”. They only deal in exchange traded stocks. The OTC isn’t a stock exchange. The OTC deals with stocks that trade via a dealer network (market makers) as opposed to on a centralized exchange or ADR’s (American Depositary Receipts). On an exchange, every party is exposed to offers by every other counterparty, which is not be the case in the OTC. There is far less transparency and less stringent regulation on the OTC so unsophisticated investors take on additional risk and could be subject to adverse conditions such as manipulation and fraud. The Ichan’s of the world wouldn’t go near an OTC Ticker. Example? Ichan just exited a 2%, 450 million dollar position in Dollar Tree a 22 billion dollar+ market cap NASDAQ traded ticker. Simultaneously activist Jeff Smith of Starboard Value disclosed a 1.7 percent stake worth $370 million in Dollar Tree on Monday.
https://nypost.com/2019/01/07/activist-investor-carl-icahn-backs-out-of-dollar-tree/
T-Trade (after hours) $4.63
DD On CVSI’s New Accountant
Joerg Grasser, age 44 was born in Weiden, Germany graduating college in 1996 from Ostbayerische Technische Hochschule Regensburg. (Regensburg University in English).
Joerg received an MBA from Devry Universities online Keller School Of Management In 2009 specializing in Accounting and Finance.
He’s previously worked for;
KPMG as a Senior Manager from Sep. 1, 1997 - Aug. 1, 2010 as a Mgr in the Audit And Risk Advice Dept.
He then moved to Peregrine Semiconductor as their Director For Financial Planning And Reporting from
Aug. 1, 2010 - Nov. 1, 2014. before moving to Sequenom, Inc. As the Senior Director Of Accounting
Nov. 1, 2014 - Jun. 1, 2015
He was a member of San Diego State University Faculty as an accountancy Lecturer Jan. 2012 - May. 1, 2012
He spent a short time at Peregrine Semiconductor as their Senior Manager in charge of SEC Reporting
before moving to Ballast Point Brewing & Spirits as their Controller
He also volunteered as a member of The Board of The Palomar YMCA Sep. 1, 2010 - Feb. 1, 2016
For those of you on FB here’s a link to his FB Page; http://www.facebook.com/joerg.grasser
Looks like a positive addition to CVSI as they appear to move from the CannaVest / Mona / John Fife & Iliad / Anton & Chia / Phytosphere days to the Dowling era.
Make no mistake with Mona still being the largest shareholder and holding his “Emeritus” position along with Mona III moving to the COO / President position the Mona’s are still in control. Let’s hope for shareholders and traders alike they’ve turned over a new leaf from the PhytoSphere fiasco http://www.lexissecuritiesmosaic.com/gateway/sec/admin-proceeding/34-82206.pdf
along with the Mona suspension, fine and the John Fife / Iliad known OTC toxic financing too;
https://www.sec.gov/litigation/litreleases/2007/lr20250.htm
https://www.sec.gov/litigation/litreleases/2007/lr19972.htm
https://www.sec.gov/litigation/admin/2007/ia-2636.pdf
https://www.sec.gov/Archives/edgar/data/1379699/000114036115001204/doc1.htm
Due to all this history along with the reasons I list below I still don’t think an uplist is in CVSI’s near future but if they stay the course and the numbers are real it shouldn’t matter. IMO it’s rare to find a leopard change their spots but nothing’s impossible.
The reasons I don’t think they’ll be accepted to uplist at this time is the following;
(1) The farm bill is an 867 billion dollar, 540 page complex matrix of provisions intended to help farmers already in the business of growing food and fiber for domestic consumption and export. It would also include certain restrictions on imports of food and fiber. These are mostly private enterprises running from small operations of a few acres up to multi billion dollar operations requiring annual financing to the tune of hundreds of millions. Farmers are also, by nature, conservative. They wouldn't, at first, fall all over themselves to commit large amounts of capital to hemp production just to supply some hemp by products to sell to the health and wellness or Nutraceutical businesses. Which means this is a tiny provision within the total package and not exactly something the politicians who voted on the bill are deeply concerned with. The CVSI investors however pay no attention to what the politicians were debating about among themselves. CVSI investors are trying to simplify what is a very difficult piece of federal legislation with provisions that will have an impact on farming revenues for years to come.
(2) NASDAQ Rule 5101. Listing may be denied for association with individuals with a history of regulatory misconduct. Fully applicable.
(3) In a statement, FDA Commissioner Scott Gottlieb, M.D. says the passage of the U.S. farm bill, now called the Agriculture Improvement Act of 2018 since it is law, does not diminish the agency's regulatory oversight role related to cannabis-containing food and drink.
He says the FDA will be diligent in monitoring the hemp marketplace to ensure that makers of non-approved products are not making unsubstantiated medical claims.
Also, the Food, Drug and Cosmetics Act prohibits interstate commerce of food containing cannabidiol (CBD) or tetrahydrocannabinol (THC) since it is an active ingredient in an FDA-approved drugs
That, along with my personal rule that I don’t fall in love with an OTC Stock and become a “long” unless I’m the principal, one of the principals, one of the principal financiers or I or my VC / Hedge Fund Partners are insiders owning 5% or more of the company. I’ve done well with CVSI and if the volume and momentum come back I’ll trade it again.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Look how well it’s worked for trump
Not to be argumentative but alternatively factual (as I have tremendous respect for all 3 founding members of KKR, including George Roberts) however he is not ”one of the 50th richest men in the world”. Based upon Forbes 2018 list his former partner and first cousin, Henry Kravis is ranked # 365 with a net worth of 5.3 billion dollars.
https://www.forbes.com/billionaires/list/8/#version:static
Mr. ROBERTS does not appear in the top 400 although one would assume his net worth to be similar to his cousins. Other citations I found on the web say 5.1 billion but they’re not as reliable as Forbes.
He may indeed have been wealthier in past years however he donates significant amounts to charities and causes which may explain why his net worth may have diminished.
REAL 100 Million Dollar+ Loss
Read the articles or use google or call Marco Gobbatto
Media Manager, Liquid Communications
(416) 732 6773
they’re selling worldwide.
Facts are facts, The cost of CBD is getting lower and will continue to.
The law Of supply and demand. When supply prices become significantly lower prices fall.
I wouldn’t be surprised if CVSI begins to buy their Oils from Instadose;
https://gmpnews.net/2018/12/instadose-pharma-become-largest-pharmaceutical-producer-of-cbd-oil/
https://www.greenrushreview.com/canadian-companyinstadose-becomes-the-worlds-largest-producer-of-cbd-oil/
https://www.starmediaplanet.com/2018/11/07/instadose-pharma-corp-becomes-the-worlds-largest-cannabis-producer-666078
https://www.barrons.com/articles/PR-CO-20181116-907991