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Yeah, the way I understand it, 30 days is 30 days. Here is what I copied regarding it:
What is the 30 day rule in stock trading?
Wash sales explained
This rule is designed to prevent you from selling stock to claim the loss and then buying it back within a short period of time to retain ownership. The rule applies to a 30-day period before or after the sale date to prevent "buying the stock back" before it's even sold.
I have just under 13,000 shares in case it still does something.
I studied it through 2014, bought in in 2015 (at around 15 cents), and have ridden it through to $ 7.46 in February of 2017 and back down again.
Yes, I wish I had just liquidated at $ 7.46 but I have sold tens of thousands of shares at many times what I paid, so I guess I can't complain.
Merry Christmas & Happy New Year to all!!! Jim
I have just under 13,000 shares in case it still does something.
I studied it through 2014, bought in in 2015 (at around 15 cents), and have ridden it through to $ 7.46 in February of 2017 and back down again.
Yes, I wish I had just liquidated at $ 7.46 but I have sold tens of thousands of shares at many times what I paid, so I guess I can't complain.
Merry Christmas & Happy New Year to all!!! Jim
For those wanting to avoid a white sale (buying back in within 30 days eliminates being able to claim losses on your taxes) and take advantage of any losses they may have incurred this year, you will see the selling end soon.
Reason being that they will want to capture as much loss as possible but be able to buy back in shortly after new year, as others will start buying back in and raise the price.
If you are like me, you sold a percentage at a loss here at the end of the year to help your taxes. But I made sure to do it in time that I could buy back in without eliminating my losses.
Churning like this helped me claim a loss on my taxes and I ended up with more shares after I bought back in at 12 cents.
If playing like I am, don't forget the 30 day "White Sale" rule.
Take care, Jim
Yeah, I set my limit at .24 to liquidate and while we hit .23 for days, I only sold around 300 shares. Needed to sell around 13,000.
Trying to decide if to put in a lower limit now and sell or just ride it out.
Cracks me up. I could have basically doubled my share count at .23.
Woulda, coulda, shoulda as they say.
I should have just gotten out at $ 7.46 and never looked back, but I had hopes for CNBX.
We shall see.
Take care, Jim
This is a great interview from a guy, Bruce Linton, who went through the federal legalization process in Canada and says he sees some form of U.S. federal legalization by the end of 2020.
As he says, regulators should legalize but regulate aggressively so customers and investors move towards regulated products that have gone through the patent process, the proving of themselves process, the FDA type processes, so that you know who can be trusted based on they ran the gauntlet.
I attached both the video (1st link) as well as the full page so that you can see the comments.
By the end of 2020 and some other things to think about... great interview from a guy that worked in Canada and came here to be part of the next legalization frontier.
Take care, Jim
Thank you vee1234.
My life would be a lot different if I had sold my 33,000+ shares in February 2017 when it was $ 7.46.
It had been growing in leaps and bounds... who knew?
So going to try to churn some of it.
Thanks again, Jim
No news since July and now three 8-k's in less than 2 weeks?
Is anybody seeing anything in the recent flurry of 8k releases?
Please advise if anyone is seeing any trends, etc.
Thanks, Jim
I have been testing this .24 price we keep bouncing off of.
I have entered to sell shares each day at .24 and only 1 out of 4 days has any shares sold.
And while I had 615 shares for sale, only an even 250 sold.
Just thought I would share my experience over the past week of seeing how this constant cycle of a high of .24, low of .21 has gone.
Take care, Jim
With a company that basically doesn't put out any news, this is GREAT NEWS!!!
Itamar was great at investor relations circa 2015/2016 and into 2017 and his absence has seen the company drop greatly. (Feb. 2017 is when the company broke $ 7.46 per share).
I can understand and believe when he says investors asked that he become involved again.
This really could be a good thing.
Fingers crossed. Jim
I have been in since early 2015 and I am trying to decide whether to let my holdings drop to the price I paid then or sell off at a slight profit.
Asking all but particularly our long-term members here that have been keeping an eye on everything from patents to the Seedo merger, do you see anything in the months/year that would justify staying in?
I can let it ride, but I hate to be looking at 10 cents in 6 months.
Thank you for your time.
Jim
I used to do homework on CNBX daily but have been away from it awhile while holding the last of my shares.
Can anyone report attempts to contact the company that went unanswered? Have they done any form of press releases as of late/of worth?
Trying to gauge where things are at as far as the company acting as a company should with investors, etc.
I hate to sell off and it doubles its value, but at this rate, I could sell off and in three months possibly reinvest and triple my share count.
Please share any news/advice/etc you have.
Thanks, Jim
It appears we are starting to bounce positive off of .27 instead of bouncing below it.
I don't know if that is any kind of sustainable trend, but it does seem to be the recent bounce.
???
Take care, Jim
No bounce with the WIZE news from last week. The 1-year forecast is they will be down around another .0001. ????????????
404 Page Not Found. Please double check if they moved the story.
Thanks, Jim
Fantastic!!! Share pics or a link if you can Matt!!
Thanks, Jim
OH, COME ON!!!! This thing is just going to continue to bleed off?
Loved the new commercial... not sure what the company it is advertising is going to drop to.
GLTA, Jim
I like how you think, HDT!!!!
Take care, Jim
Nope, I am still in. I have sold some over the years, but I don't think I have sold a share since 2018. I did buy 615 shares awhile back.
As of now, I am hanging in there, but considering my options as we circle 30 cents.
Netflix is down right now and I am considering moving my money there for when the summer bingers re-up their memberships. Ride that over the summer and use the money to decide whether to get back in.
Just considering, but not a bad idea based on the current trend.
Take care, Jim
I researched this every day from 2014 through 2018 and as of late, I have gotten tired of it not making sense and I have not done a good job of staying up on news, DD, etc.
That is why I have started asking others for DD and to answer questions, as I am tired and figured instead of being the head preacher, mouthpiece, and researcher, would hang back and let others take the wheel.
I appreciate your info!! I am disenchanted enough that, rather than riding it years more, I am considering getting out. Had I gotten out at $ 7 and put the money in Netflix, I would be a good ways toward retired.
Instead, I am just tired. ;)
Thanks and take care, Jim
Thank you for the advice, HDT. It led me to find this article from April 17th, which I do not believe I had seen before.
Sounds promising.
https://finance.yahoo.com/news/cannabics-pharmaceuticals-announces-initiation-nationwide-130000112.html
Thanks again and take care, Jim
When do you expect patents and for what product(s)? Haven't we already locked some of them down?
Thanks, Jim
You are or someone else is? This stock makes no sense. So many good things, and such bad pps history over last year.
Has anyone heard anything recently from the CEO and if so, do you have a link so we can read or hear what had to say?
Thanks, Jim
Hi GoSing,
Here is an excerpt of a post I did back on May 1st. When I saw your question, I wanted to chime in.
In short, I saw CNBX surpassing the $ 100 pps mark back in 2015 and still do based on the performance of GWPH, and as you will see, I have some questions as to why it hasn't.
I did research throughout 2014 and bought into CNBX in early 2015.
I bought in because, unlike GWPH and other MMJ's, CNBX had a capsule that had 3 major things going for it:
1. It was the most "medicinal" like. At that time, everything from GWPH's spray to brownies were what we were being told were going to be prescribed. I knew that "grandma" was going to accept a real pill form product over sprays and brownies, so there is reason 1 for CNBX.
2. I have a Masters in and background in Human Resources. Regardless of what is legal, companies do not have to let you bring items onto their property if they choose not to. Budweiser is legal, and I worked at a company that you could not even bring your boat to work in anticipation of heading to the lake when you ended your shift if you had beer locked in its cooler. Legality doesn't mean HR acceptance, and I saw sprays and brownies being messy, not easily received, etc, and therefore CNBX won again.
3. The capsule was a 12 hour long release. Going back to HR. If you have to take a spray every 4 hours (GWPH), odds are it is in your purse, your car, etc. With CNBX, you take it before work and 12 hours later when you are home. So again, a win for CNBX.
I invested at 15 cents, watched it steadily climb in value, particularly from September on in 2016 when voting made MMJ legal in a number of states, including mine (Ohio) and of course CNBX hit $ 7.46 in February 2017.
That is why I got in and a brief history of CNBX. So, here is what I cannot figure out: Why did a company that has done nothing but positive things since breaking $ 1, $ 2, $ 3, up to $ 7 suddenly drop back to barely twice what I paid for it in 2015? SEEDO, the various successful studies, you name it, CNBX succeeded at it.
With GWPH trading at $ 169.31 as of today based on a 4-hour spray, how is CNBX, the better product, trading at $ 169 less?
For all the talk of "candles" and projections and formulas, the one that got me to invest is the one that should be easiest and is now hardest to explain: Why isn't CNBX, the most common sense MMJ product, financially successful?
That is what I would like the company to explain.
I know this isn't exactly what you asked, but I answered based on my history with the company and what I know.
I still have hopes that I will log in one day and find it is at $ 10, $ 20, $ 100 pps. Why shouldn't it be worth at least 1/3 of GWPH? But here we sit with a less than 40 cent pps.
I would love if someone could shed light on how they are keeping the pps down.
Take care and good luck!! Jim
Do you have any experience with what kind of pps run stocks have when this kind of buying activity happens?
Ie, Do they go up a buck or two and drop or do they typically head for big board status and stay there?
I know guessing an approximate pps might be a bit of a joke, but overall, I wondered how stocks did when actions like this happened.
To discuss the history of this stock, I am somewhat knowledgeable, but to discuss the MAXM and all that, that is all new to me.
Thanks, Jim
I'm with Etrade.
Can you give a brief synopsis of what I would see or what you are seeing regarding specific investors, etc?
Thanks, Jim
I see comments about MAXM buying up shares. How can you see who is buying shares?
Is it a case there is a way to go in and see each individual investor that bought and sold, or with MAXM being a large buyer, is someone making official announcements about them being a purchaser?
Thank you for any light you can shed!!
Jim
I like your last 3 posts and like your thinking.
Getting hard to know what impetus will make them decide to let it run.
Take care, Jim
How long does something like this typically take from the time you see such activity (ie, what is the average or benchmark examples)?
If you can provide any links, that would be much appreciated.
Thank you for the intel, Jim
To clarify, on the ask for CNBX?
Please post a link if can.
Thanks, Jim
If you get a chance to review it and confirm which board they are possibly going to be listed on, please post the info, and even at what point in the podcast it is announced, etc if able.
I'd love to know. There is a belief among some that they did not want to stay above $ 5 and when they shot to $ 7, they themselves released the "scrutiny" articles to get the stock back down and have worked to keep it down since. If they are considering a big board, that would be interesting. Another penny stock board, not so much.
Thank You, Jim
Fantastic info and insight WallyWest!!
Does anybody have a link to the interview where CNBX's CEO said they were looking to list on a particular Canadian exchange so we can confirm which he said they were planning to list on?
Thanks, Jim
Hi WallyWest,
I see what you are saying, but I do not put CNBX and all they have accomplished that is verifiable in the same league as say VDRM or MCOA. Yet, like you said, they all seem to have plummeted at an equal rate.
I would think that investors would see the government verified clinical results, the SEEDO and other ventures, and the actual products in market and heading for market, and would see them as at least partially on par with bigger companies.
Over the course of 2018 and now 2019, I see CNBX being treated much more like VDRM than like GWPH, and that amazes me. I would hope CNBX would be at at least 1/3 the pps of GWPH.
One thing I would like to mention since I am throwing other tickers around: CNBX is the only MMJ I am invested in, so when I mention other tickers, I am in no way trying to promote them here, as I have no standing in their companies and do not plan to. I just feel those tickers are good comparisons for what I am seeing.
Thanks and have a great weekend!! Jim
Hi WallyWest,
So there are more than one exchanges going by the letters TSX?
I am used to boards going by names that denote that they are either a big board for over $ 5 stocks (NYSE, etc) or that they are smaller boards for stocks under $ 5 like the OTC CNBX is currently on.
Thank you for the heads up and for any further clarification you can provide!!
Jim
Thanks WallyWest. Are the other companies having as much positive activity and dropping the same as CNBX?
Marathon Oil is the only other company I ever saw have year after year fantastic profits and never a return to its shareholders. That was in the early 2000's.
Thanks again and please advise if you think the ones that are sliding comparatively are also having as good of run with joint ventures, etc.
Take care, Jim
From what Wiki provides, unlike its listing in the US, TSX is a "big board" for companies over $ 5. The board CNBX is currently listed on in the US is the OTC, which is $ 5 and less. So being forced to comply with big board laws, etc is a great step forward and allows them to be on a bigger pps board. Here is an excerpt from Wiki with a link below. Thanks for the TSX info HDT!!! Jim
As of December 2017, Toronto Stock Exchange had 1,501 listed issuers (including ETFs and other structured financial products) with a combined market capitalization of CAD $2,968,589,908,968.[16]
The exchange is home to all of Canada's Big Five commercial banks—Canadian Imperial Bank of Commerce (CIBC), Bank of Montreal, Bank of Nova Scotia, Royal Bank of Canada and the Toronto-Dominion Bank—making the exchange the centre for banking in the country. This was seen as being most evident during the proposed mergers of Royal Bank with Bank of Montreal, and CIBC with the Toronto-Dominion Bank in 1998. Then Finance Minister Paul Martin blocked the mergers to preserve competition.
The exchange is the primary listing for several energy companies including; Cameco, Canadian Natural Resources, Encana, Husky Energy, Imperial Oil and Nexen all within the top 40 companies listed in on the exchange.
Many of the large companies listed on the TSX, especially those on the S&P/TSX 60 index, have a secondary listing on an American exchange such as the New York Stock Exchange.
https://en.wikipedia.org/wiki/Toronto_Stock_Exchange
Hi bigfred1,
I do remember that. If I recall, I contacted them and a Nancy replied that they were available but had to ship only where allowed by law.
They have way too many good things going for them for it to be this low.
I wish someone could shed light if there is some kind of diluting going on.
I hate to keep going conspiracy theory, but come on!!
And why did they get yanked back so hard when they hit $ 7.46 and Alan Brochstein posted that they were drawing scrutiny? All stocks that surge like that are asked a standard set of questions. It was every day "scrutiny". And yet, the fall began.
I had a fill ticket made out that day to liquidate and decided to see how it went... I found out.
Meantime, a 4-hour spray is worth $ 169 pps.
Whatever.
Take care, Jim
I would also like to know if they are listing on a "big board" or just another "pink sheet", "OTC" board like they are on here in the states.
If they are not on a board with more scrutiny than they have now, it will probably have little effect.
Just my thoughts.
Take care, Jim
Hi bigfred1,
I know I used to post here daily, so thanks for asking.
Here is what I cannot understand about CNBX:
I did research throughout 2014 and bought into CNBX in early 2015.
I bought in because, unlike GWPH and other MMJ's, CNBX had a capsule that had 3 major things going for it:
1. It was the most "medicinal" like. At that time, everything from GWPH's spray to brownies were what we were being told were going to be prescribed. I knew that "grandma" was going to accept a real pill form product over sprays and brownies, so there is reason 1 for CNBX.
2. I have a Masters in and background in Human Resources. Regardless of what is legal, companies do not have to let you bring items onto their property if they choose not to. Budweiser is legal, and I worked at a company that you could not even bring your boat to work in anticipation of heading to the lake when you ended your shift if you had beer locked in its cooler. Legality doesn't mean HR acceptance, and I saw sprays and brownies being messy, not easily received, etc, and therefore CNBX won again.
3. The capsule was a 12 hour long release. Going back to HR. If you have to take a spray every 4 hours (GWPH), odds are it is in your purse, your car, etc. With CNBX, you take it before work and 12 hours later when you are home. So again, a win for CNBX.
I invested at 15 cents, watched it steadily climb in value, particularly from September on in 2016 when voting made MMJ legal in a number of states, including mine (Ohio) and of course CNBX hit $ 7.46 in February 2017.
That is why I got in and a brief history of CNBX. So, here is what I cannot figure out: Why did a company that has done nothing but positive things since breaking $ 1, $ 2, $ 3, up to $ 7 suddenly drop back to barely twice what I paid for it in 2015? SEEDO, the various successful studies, you name it, CNBX succeeded at it.
With GWPH trading at $ 169.31 as of today based on a 4-hour spray, how is CNBX, the better product, trading at $ 169 less?
For all the talk of "candles" and projections and formulas, the one that got me to invest is the one that should be easiest and is now hardest to explain: Why isn't CNBX, the most common sense MMJ product, financially successful?
That is what I would like the company to explain.
I know this isn't exactly what you asked, but I answered based on my history with the company and what I know.
I still have hopes that I will log in one day and find it is at $ 10, $ 20, $ 100 pps. Why shouldn't it be worth at least 1/3 of GWPH? But here we sit with a less than 40 cent pps.
I would love if someone could shed light on how they are keeping the pps down.
Take care and good luck!! Jim