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Whole thing stinks of manipulation, most of those 5 mill shares from yesterday will be sold off over the next few days now there is a huge volume of 7 days upping the stocks visiblity increasing buyers...
Pathetic that its this easy on otc to do this... i exited 15k shares and will profit of another 4k shares in profit from reinvestment. Thanks for the opportunity. Follow the money people.
Literally nothing to see this same crap happens every few months then it gets shorted right back down. Exiting 15k shares and rebuying the drop down at .48 or so again, very predictable stock.
Because there is a tendency in reverse splits for the stock to drift back to where it was if there reason for the reverse split doesnt happen. If the reverse split happens you will have less shares and if it goes down they arent going to be worth anything.
The reality is there is no point in reverse split if the FDA doesnt regulate... if we reverse split and the FDA takes another year we could be back to where we are with WAY less shares that is a disaster. The FDA guidance will be a catalyst to catapult us to Nasdaq pricing anyway so why risk the reverse split?
I dont mean to be rude but nobody actually cares what you have to say... if you are so unhappy with cvsi then get off the forum and stay on the CWEB forums. Anybody can trade cweb if they choose to or cvsi stop trying to get people to become divided in nature and their decisions. It is incredibly transparent what you are trying to do and its boring. This is not xbox v ps4 for 12 year olds.
I mean the reverse split doesn't really line the pockets of the boardroom does it.... they are trying to get to Nasdaq... the fact that the reverse split news comes right after the patent is likely to be issued+the lawsuit being dropped. They are supposed to talk about sales... in the 10k which is what they do they aren't supposed to talk about sales 24/7.
TBH I hope you are right and there is FDA movement on this. Thing is what would they need the capital increase for? If there is share dilution for a capital raise that will only decrease share price (even the news of it has)… so without a reverse split and a capital raise how the hell does that get them anywhere near the NASDAQ? I feel like I am missing something (aside from whatever insider info CVSI staff has)I now have 110,000 shares and dilution is not good... its hard to believe this stock was over $5 just a year ago.... we ae now 90% down and falling something has to give.
This is a question for my folks over in the states. Which trading app allows CVSI to be traded on mobile? Over here in the UK purchases of most cannabis companies is now banned as their market makers will not fill orders due to legal issues.
I already bought CVSI shares in the UK but I had to do it over the phone and after 2 years our market makers changed their minds. I am doing a work around with my American friend. Is there an app that is simple to use and popular.
'In May 2016, we filed a patent application'
'we believe are patent-protectable'
You seem to not understand simple English.
I don't see where these statements were misleading... if people read this and thought they had acquired a patent they are simply retarded...
Either learn to read or get off the board... it says repeatedly we believe its patent protectable and patent is PENDING... you are absolutely full of shit. Nobody cares you are short you aren't here adding any value. They never EVER said it has a patent. They said it was clearly pending. Your language and negative manipulation is VERY obvious. Please find ANY evidence where they said SPECIFICALLY that they had a patent approved. Until then shut your mouth and leave this board.
Thank you for your response. I am genuinely disappointed as I am looking to purchase on drops etc but now I can’t. I still cant find any explanation as to why. Never in my stocks purchasing life have I had a situation where I suddenly couldn’t purchase a share when other people freely can after I have successfully bought many times I just don’t understand why NOW is the time for market makers to get cold feet... this just gives more emphasis as to why the FDA needs to come out and clarify. My brokerage is treating this as a generic cannabis company which it is not!
I tried educating them and that didn’t work and also asked for further clarification to which I have had 0. This isn’t just a few brokers this is ALL UK brokers cannot purchase. I do wonder if this has affected volume since the UK does purchase shares lol.
I have contacted cvsi IR but they have not responded yet so I will update as and when. This company has traded in the same legal grey area for the three years it's been on markets and now they have a problem with it? When I spoke to the brokers they said market makers are having legal issues and wont purchase anymore because of the us government until they clear up the legal problems.
For people that thought I was a short idiot or lying I had a direct message from my broker Hargreaves lansdown in the uk and it says..
We’ve recently been made aware that some of the market makers we use for buying and selling your investments are no longer allowing trades in shares that are associated with cannabis. As you hold CV Sciences Inc USD0.0001 we wanted to let you know you are no longer able to buy this investment through us. You can continue to hold your current investment, and sell it at any time, but you aren’t able to buy any more.
How will trading these types of investments change?
At the moment you are still able to sell your shares but we wanted to let you know about the possibility of difficulties selling in the future. We will of course work hard to fulfil any sale instruction you give us but we think it’s important we make you aware of this.
Nothing about your investment has changed so if you’re happy with it you don’t need to do anything. This letter is not investment advice, if you’re unsure if a particular investment is right for you please contact us for advice.
I am sorry if this causes you any inconvenience. If you have any other questions please call us on 0117 900 9000 so we can help.
I meant by phone I have emailed them. To phone from the uk would cost me a small fortune.
Can someone contact CVSI for a possible explanation? Surely they know of this.
It was today. I sold some shares last night all was fine.
I hope you are joking? I’m long and over $140k invested in this stock... this isn’t fud I’m in the uk and we can’t purchase it... CVSI and 11 other companies as well.
I am genuinely confused and concerned why CVSI has been suspended by the UK market. Nobody I have spoken to at uk brokers is able to tell me why. I can not purchase at all only sell. They are stating their market makers are under legal requirement not to sell them due to the US government but that is simply it. I can find nothing online either as to why.
I know nobody here cares as you guys are mostly US but isn't this at least troubling we have traded fine for 3 years and now this? They said it was indefinite
Ok I’m very irritated... all UK brokers have blocked purchases for CVSI and those companies you listed stating legal issues with the market makers and have taken it off. I can sell but cannot purchase them until they lift it. This is not something I have experienced but my word is it annoying has something happened in the us can you guys still buy it? It’s been on otc for 3 years why do they care now?
I’m on the phone to my dealer now so I will have a chat with them and see what they say it would be weird for one broker to not allow you but others to as surely they will all have to follow the same regulation.
I am indeed a uk holder I trade with Hargreaves lansdown anD made a sale last night was this simply today you got this? This is bizarre if it was a legal problem why wouldnt they have done this the three years it’s been trading it’s been in a grey area the whole time. Are they also doing this with the other cannabis companies? This is.... not good I guess?
Also I am starting to think with the evidence and explanations I have provided that you are a short and don't want to understand OR investing simply isn't for you if you can't even understand the basics of a short volume being over 30% being a problem. I can't help but think you are ignorant or playing dumb and neither is preferable.
If you can't understand it then I can't help you. Do your own research I guess? As I said 20% of float as short volume is HIGH we were at 30% for 20 days as an average is that hard to understand that shorts forced the price down... how else does it happen at this consistency for so many days in a row? Does it not stick in your head that 30% of ALL shares are shorts I also provided evidence to the links what is there left to understand?
shorts get paid upfront then buy on the open market once they cover their position. They take out the money as borrowed shares and have to give the shares back but the rule is they HAVE to purchase on open market if there is a lot of short volume there will be a short squeeze as shorts move to cover their position or close out at a loss. It does not take a lot to cause a short squeeze ESPECIALLY on this stock because it has a very long history of sitting at $4. The logic for shorts is if I don't get out it might go back to $4. Unless there is a concerted effort to significantly short its a VERY risky game because with shorting there is unlimited losses.
Logically the other 70% is normal buying and selling.... short volume in excess of 20% is considered VERY high by all trading standards we have been at 30% for the last 20 days average.
are you even looking at short volume %? It's over 30% over the last 20 days... AVERAGE its been as high as 50% that's literally the most obvious of shorting...
https://volumebot.com/?s=cvsi
https://fintel.io/ss/us/cvsi
I spy with my little eye something beginning with a short squeeze... from 1.6 to 2.49 is by my calculation over 50% up in 3 days on very little news... the shorts are running scared right now they also forget this stock was 4 not very long ago and it WILL return there and higher... it was at 4 and since then we have added almost 600 stores to the store count and have expected stellar financials coming early November...
This whole short attack was unfounded evidenced by 1.8 days to cover suggesting no issues with the company other than lack of positive news... addition of 600 stores and shorts lost their minds!!
I guess you can't always steal a living.
This ticker has a lot of shorts hanging around right now but the days to cover is only 1.8 and believe it or not this is a good thing. Average short volume is 30% over the last 20 days. If there is high days to cover that suggests the company has uses and its not so that’s a good sign. Our short volume is high suggesting people are just jumping on the bandwagon because it’s down multiple days. Some of them will be in too late when this pops off... there is nothing behind this short. We have two things going against us right now, lack of news and market sentiment for cannabis companies is negative (possibly due to lack of legal clarity).
Adding stores isn't important look at that glorious short squeeze.... any tiny bit of news would of done this I hope these short clowns are running for the hills... they had to know... RSI at ridiculous levels and multi day shorting of more than 20% of total volume couldn't continue
I think you have to simply look at the short volume with this company right now...l it’s 30% in the last 30 days and that’s the average it’s been 50% multiple times or close to it... that’s what’s driving share price down but also... shorts eventually have to cover and buy back in open market... any news will see shorts scrambling for the hills... this stock sat at 4 and above for a long long time suggesting it could easily go back there with a bit of positive news meaning shorts could be squeezed for 100% and more... they are playing a very risky game... they are playing on the fact that there hasn’t been much positive news for company and overall in the market there is legal issues, bad cbd companies and cannabis companies in general being down has given negative or at least sluggish market sentiment. This will change with news. Banking act was step one of a three step process to get it written into law.
https://www.volumebot.com/?s=CVSI
For those interested in short volume... as per traders... anything above 20% is very high... we haven’t been below that for a long time... this is a calculated short attack on this company that doesn’t have any merit behind it...
More fear mongering, short position much? They are executing they can’t do anything about the fact that short volume has been over 20% for the whole month if not longer... 20% is the lowest it’s been... it’s been at 50% for multiple days... it’s a short attack that needs news not just positing the companies position... they are adding stores, increasing revenue and eventually shorts have to cover...
Is it? Last I checked it was also down.... just buy both stocks and stop in group out group.... basic psychology of us and them like some tribes... people round here are unlikely to sell from pressure from a rival we are all here to make money... nothing thrown around here has any evidence or reason behind it but people are aware that stocks and emotions are the game and manipulating people is your motive... scared people will sell please stop... this has no rationale behind it.
Lots of stop losses being triggered 2 with 2 being a key support level.
If you sell now you really dont deserve to and shouldn't trade... this is shaking of the trees from shorts... you should know that by now.
This is absurd now how is this so far into oversold territory? We need some serious purchasing power to turn this around or some really good news... this company is winning awards, expanding online and in stores, deals with Kroger, record revenue and somehow its lower than before all of the good things rolled in.
I am very long on this stock but I cant help but wonder if shorts have just completely taken over... we are seeing no bounces even down to serious lows... we are now parity with may 2018 when we took off... this whole situation stinks. Something is going on. The company is still profitable and growing in an emerging industry yet we sit 60% down in 6 months its absurd... I have 68k shares now still strong average cost of 2.1 so I'm not upset but it is concerning we are having no recovery day after day after day.
Also pay attention to their target market... The older generation (those most likely to have CBD treatable ailments) still listen to the radio... If they were digital only they never reach that market!
The steidlmeyer book which on, I can see two. Trading with market profile and a new approach to trading. Thanks for the info!
Short attack on Aphria has pulled the whole sector down. Everything was up Friday and the graphs show correlation today they all dropped almost without exception. Our proximity to cannabis as a substance means we get tarnished with the same brush.
This is from the NASDAQ website.
“The full legalization of hemp would open the floodgates for investment, providing the hemp industry with access to a full range of financial, market development and advisory services that were previously unavailable because of its classification as a controlled substance. These services include access to small business loans (SBA's), federal crop insurance, access to banking & traditional capital markets, and unfettered USDA research. Institutional investors and private equity firms will be also be able to enter the space, as federal restrictions have restricted the ability of funds to participate in this sector.”