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In the Proxy "Approve on an advisory, non-binding basis named executive officer compensation." What does that mean, exactly? What amount of compensation?
How about the Board? Any losers in your opinion.
Terri Funk Graham - I suppose Terri is one reason I see CV Sciences products in Sprouts.
Dr. Joseph Maroon seems a solid choice.
Dr. Paul Black seems a solid choice.
Joseph Dowling - I'm still leaning favorably in his regard.
James McNulty appears to be a good choice.
Beth Alman seems a good choice.
BTW. I'm voting against the reverse split.
The John Hopkins Global COVID-19 Cases App is at this link so you can monitor it yourself. COVID-19 Computer App for desktop screens
Here is the mobile app link for smart-phones COVID-19 Mobile App
You'll see how the increase in the number of cases has flattened. In the US there are 60 total cases, 6 of them recovered so far.
True. The death rate is 20 times that of the flu at 2.3%. If everyone in the US gets the virus at its current virulence, that's 7.5 million deaths, or close to the population of NYC with its five boroughs (8.6 million). The reality should be much, much better. We may already have a treatment for it - antiviral Remdesivir. We don't need a vaccine to prevent getting "sick" with coronavirus, that can come later. We just need an effective treatment that will squash it once infected in its early stages. The article at the link below has the current infection and death count and a case where this antiviral was used and the patient rapidly recovered: Remdesivir has already been tested in Ebola patients as safe (just not effective against Ebola). Remdesivir patient case study and Clinical Trial Underway
FDA is simply complying with Donor's free speech. They have not "failed"; they have succeeded in promoting the interests of the corporations that control it. I have often heard in the past that people wanted the government to be run like a business - this is what you get.
All public agencies that once served human people now serve corporate people (most of which are monopolies and billionaires). As long as we have this system, we the Flesh and Blood will not be wining. Small companies and innovation will be stifled by monopoly power - the media is also under their control. Question - Who do you think is funding, with their free speech, all the recent hit pieces on CBD and Marijuana? Big Pharma?
All Cannabis Stocks are Green Today. It seems the strong passage of the MORE act by the House Judiciary Committee precipitated future optimism.
Don't leave out Bernie Sanders support for federal marijuana legalization. Most dems in the senate will support this legislation. This is yet one more reason why the Republicans will lose control of congress in 2021. I would think, given the impeachment proceedings and the poor results for republicans in recent elections, they would be under pressure to pass legislation (like the MORE ACT) that voters want and that would benefit the economy while their trade wars are sinking it.
Vote This Admin Out - Small Business is under attack under neoliberalism. Big Pharma's thumb pressure and hold on the FDA is irrefutable. We need to end monopoly power stifling innovation and small to medium sized businesses. CVSI is building its roots into the market through expanded distribution channels but the war against the CBD market must end.
Shorts Losing Billions - TSLA and CVSI. Shorting Entails Unlimited Risk - that's what unlimited risk means. Haha! Since about 40% of stock owners in CVSI are short sellers, I think this comment is very appropriate. My wish - Go broke and leave us good stocks alone!
Those CVSI hit pieces are just advertising pieces to promote Charlottes Web. It always comes from the same purveyors. The money for those pieces must be paid by its largest stakeholders (some could be short-selling organizations). This is no different than a political hit piece and economic warfare (keeping the share price low so it starves the company of capital needed for growth)and to eventually take the company over at a more favorable stock price later. This way the company being sanctioned must sell more of its shares to create capital and dilute its earnings more.
It's a good thing CVSI is growing fast, the management team is aggressive and effective, they are adding cash reserves (so they don't need to depend heavily on selling more of their own shares of stock to raise capital), and their distribution channels are growing briskly.
These hit pieces are what happens when corporations own the media and corporations are allowed to be too powerful (95% US media owned by 5-6 corporations). Continuing on this trajectory, the stock market will be privatized too - right now it's too socialist for the Neoliberal order. You may need to be a 100 millionaire or billionaire to buy company stock in the future. Any new small company without the backing of monopoly power will be crushed by their control over markets and the media (we see this happening right now, don't we?).
Trump Reiterates Will Let States Legalize Marijuana - Article Regarding Trump Questioned Directly About Legalizing MJ
This expression by Trump should promote optimism for CBD companies and States Rights.
The Narrative has finally shifted for CVSI. Piper Jaffrey covering is an indicator, but look at the totality of the news on this stock - something has changed. It appears to be shedding its old cocoon. Will it be a butterfly? The market can no longer ignore the aggressive and successful growth execution accumulated to date, the changes to management, and the steep trajectory for growth.
Will McConnell and the Senate Vote YES on Cannabis Bill?
This could remove the last remaining cloud hanging over CVSI - I feel confident the House will pass it later this week - If passed by congress, this would prevent the potential FDA-Big Pharma power grab from resulting in a negative outcome.
"In a significant development, the U.S. House of Representatives voted in favor of several amendments to protect cannabis users in legal states. These amendments will prohibit federal agencies, especially the Department of Justice, from interfering with cannabis programs, individuals and businesses in legal states.
The amendments won approval from the U.S. House Rules Committee and are heading for a voting on the House floor later this week. The measure would need approval in Senate after getting full House vote. The committee also instructed the FDA to regulate CBD products as conventional foods and dietary supplements."
Zachs - Bill to Protect Cannabis Businesses, States Rights, and regulation of CBD as food and as a dietary supplement
Vote to Protect CBD and Cannabis
FDA-Gottlieb Resigns-CBD Policy
Quotations taken from the article above:
"Gottlieb suggested a theoretical system in which concentration limits could be put on CBD-infused products, so that only high-potency CBD products would have to seek FDA approval."
"Jonathan Havens, co-chair of the cannabis law practice at Saul Ewing Arnstein & Lehr, to CNBC."
"Havens expanded on this in an interview with Cannabis Business Times, saying that the FDA “acknowledged that there’s a lot of attention in the space, and that the agency would possibly consider pursuing regulation to allow CBD as a dietary ingredient."
"But an announcement from commissioner Gottlieb in February showed signs that the hardline approach might be softening; speaking to the House Appropriations Committee, Gottlieb revealed that the FDA was planning to hold a public meeting in April for the purpose of revisiting its stance on CBD policy." [The FDA has since announced the public meeting will be in May].
"In the meantime, CBD companies are being advised to protect themselves from any FDA reprimands by making sure to not make any claims about the effects of their product that cannot be backed up by study and research. Misleading claims or marketing have resulted in several companies already receiving warning notices from the FDA. The FDA also has the power to issue fines, remove products from shelves, and even close down the businesses of repeat offenders"
CVSI - Self Affirmed GRAS Status. No Unsubstantiated Claims. Science is behind the product's quality, the products purity, the amount of CBD in the product. Gottlieb is a shill for the big pharma - he is out.
Amazing! This administration's idiocracy hired someone for the FDA with a high IQ, and one who is massively experience in the medical field. This is just way too appropriate. What happened? Is the administration running out of knuckle-dragging criminal idiots that can be easily controlled with bribes? I'm sure with their global crime syndicate connections they'll find someone much more qualified, and sufficiently retarded. In the meantime, CVSI shareholders may have to deal with a rising stock price, and a leader of the FDA that has enough brain power and morals to shun Big Pharma's free speech. I can't say I know much about Ned Sharpless personally, but his credentials are giving me hope. Who knows, we may even get some good rulings regarding CBD in the near future. I have only one other thing to say - Ned, don't turn to the dark side, and fire as many idiots as you can under you. A deep cleaning is necessary.
It is Big News For CVSI - Scott Gottlieb was a tool for Big Pharma to maintain and increase control over CBD. I hope the lobby for CBD is powerful enough to counter Big Pharma because money in the form of bribery (corporate free speech) is the only thing motivating most of the politicians in Washington. Let's hope for a business friendly (not monopoly friendly) alternative to Gottlieb that will allow the CBD market and small business to thrive without being a tool of Big Pharma.
A lot of words, well written, that essentially mean little.
The meager benefits the FDA provides are cover for their main purpose - to increase profits for Pharma. There should be no industry participation in the FDA decision making and no "free speech" directed to anyone working for the FDA to promote an outcome or ruling.
For example: The Nutrition Facts label, which hasn't changed much since the 1960's is required by the Food and Drug Administration (FDA) on most packaged foods and beverages. The Nutrition Facts label provides detailed information about a food's nutrient content, such as the amount of fat, sugar, sodium and fiber it has.
My comment: "Detailed information about a food's nutrient content" is an absolutely ridiculous lie. They maintain that there are 15 nutrients: calories, calories from fat, fat, saturated fat, trans fat, cholesterol, sodium, carbohydrates, dietary fiber, sugars, protein, vitamin A, vitamin C, calcium, and iron.
There are thousands of nutrients, some may be suspected nutrients, many we haven't even discovered yet.
Example: Researchers have now identified nearly 20 different flavonoids and 15 different phenols in cabbage, all of which have demonstrated antioxidant activity. You'll never see any of this on a Nutrition Facts Label.
If we had a "modernized" and effective FDA, then a product would have a QR code that takes one to a page listing all of the following:
> All the pesticides found on and inside the product from the named origin within the past 6 months by an independent lab named. Each pesticide listed by name with the concentration found, and the human toxicology report clickable with each pesticide and their maximum recommended exposure per day. By the way - Some fruits have 20 or more pesticides on them (and in them).
> All chemicals that are man-made and in significant levels to affect health (flame-retardants, PCBs, radioactive metals, cleaning agents, poisons, hormones, detergents, plastics, etc.)
> All nutrients (and potential nutrients) listed and found with their concentrations when above a physiologically significant threshold. There could easily be a hundred of these nutrients in one product - well beyond all vitamins and minerals.
> All peer reviewed studies performed that involve any of the nutrients, poisons, toxins and man-made chemicals found with any component tested with a significant concentration in the product. These reports would be seen as one would see in a google search, but listed in order of greatest physiological significance.
> A weighted analysis of the overall profile of a product's chemical makeup and it's probabilistic impact on an person's life risk of disease and overall life span based on their personal profile (sex, age, weight, conditions, prescriptions taken, etc.). For example: It may indicate that eating one serving of the product would increase one's likelihood or decrease one's likelihood of cancer by X% and increase or decrease of one's life expectancy by X days, weeks or years.
> All vitamins and minerals, fats, carbohydrates, fiber, and their concentrations.
I sincerely believe in the near future we will have mobile scanning devices that will allow us to scan the food we want to buy or eat to get this kind of information. It will certainly clean up the food supply chain.
As long as the FDA is in bed with business, we will continue to see the "status-quo".
Scott Gottlieb's steely grip on CBD on behalf of Big Pharma needs to be pried loose first. This won't come without a fight and it will have to come from Congress. They are not complying with the Hemp legalization language legalizing all derivatives of hemp. Naturally, all Billionaires are above the law, but they are not above the people. Raise hell with your representatives. Anything with "Big" in front of it must be broken-up, but it won't happen before 2021. The Big and the Billionaires will soon see pitchforks, and a return to taxation. Then small business will be able to once again thrive. But before that, once Big Pharma relinquishes control (because they legally must), then FDA will OK. Then Nasdaq will uplist - IMHO.
Yep! The thumb pressure on CVSI, the prior short-sell attack, the FDA all serve BIG PHARMA. Monopolies serve themselves and squash innovation, or acquire the competition to eliminate it (it's anti-capitalism). Neoliberalism (freedom from regulation and taxation - aka-trickle down) started in the 70's - the brainchild of wealthy oligarchs. The trickle-down nonsense has been a great success in concentrating wealth in the hands of a few oligarchs and skimming profits and wealth from American workers; not to mention the corporate-oligarch takeover of congress and our branches of government are almost complete. I think the sheeple are waking up finally. The servants of the donor-class on all sides of the government and in all agencies must be expelled. Then we can get back to our tax dollars benefiting us once again instead of lining the donor-class's pockets with corporate welfare and endless wars (Neocons) - because it's time the donor's be responsible citizens and we the people stop looking for money to trickle-down from the mega donors - it only trickles down as bribes if you work in government or promote their agenda. Good things are coming because a revolution/revolt is starting to happening in economics, government, health and technology. I don't want CVSI to get acquired to benefit a monopoly. It is worth more as a long term investment if allowed to grow without acquisition. We need to breakup monopolies for innovation to thrive. There is a swift movement toward the deregulation and full legalization of CBD from the state to global scale. Marijuana will follow.
Seeking Alpha - "CV Sciences is still only worth about one-third as much as Charlotte's Web."
Yes, I agree - typical political BS.
Comment: Notice how the editor changed out the correct word "priced" for the word "worth." This goes against it being a value stock, which is to promote negativity and is a form of gaslighting and misinformation.
Continued: "This may be due to long-term overhang from the Michael Mona Jr. SEC fraud case, despite his subsequent departure. Investors who are squeamish about investing in companies with checkered pasts may be steering clear of CV Sciences."
Comment: WRONG! The market trades on ANTICIPATION and not NOSTALGIA. True, short-sellers may feel nostalgia for this stock, but they trade on anticipation. All those irrelevant and useless words written instead of actually using that space to provide a clearer picture of the company as it is, where it now and where it going betrays an agenda. Sure they do provide some of this information, but they understand how effective it is to write up an entire paragraph of negative irrational sentiments (from the perspective of a giddy novice investor) after stating facts that are positive because they know that fear is the strongest emotion. SO, Yes, writer, you can say good things but only if we instill irrational fear after saying the positive things. IMHO - That negative paragraph was inserted by the company editor because they have an agenda and it was supposed to be a Pump piece for Elixinol.
Continued: "Disclosure: I am/we are long CVSI, CGC. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article."
Comment: The way I read this is - The editor for Seeking Alpha may have altered my article to conform to and stay within their priorities to satisfy their large donors. I am long one share of CVSI. I didn't get paid by any of these companies, but I do get paid by Seeking Alpha who may have received compensation from Elixinol to pump this stock. This isn't illegal now, bribery is called free-speech, and free-speech provides a very good living now.
19 minutes to close. Money flows increasing. There are larger buy orders than sell. I think it more likely we'll close at 5.19 or a new high than on a profit taking downtrend.
CVSI breakout seems like confidence in New Mgmt - Wall Street loves Management Restructurings when they appear to make sense. Volume is great! Big pockets are opening for CVSI? As Sleuth100 and lester 12483 point out, mutual fund and ETF demand for CVSI coming on even though CVSI is an OTC stock. This seems like a slick way to increase demand for shares even before an up-listing. Davos Forum will be serving up CBD oil and CBD infused chocolates. It's a good day, eh!
We are going to break through 4.64 before close - I just consulted my crystal ball. Anyway, we had very good news today. It's another game changer.
Isn't it obvious that FDA Rules Clarification is needed before Nasdaq uplisting since it affects legality matters for CBD? FDA has limited staff in shut-down, so the shutdown should be delaying action on creating new CBD rules.
Two senators ask FDA to update rules on CBD. I hope we don't have to wait until we kick the big-pharma servants out of the FDA in 2020 (my bet). We need to put an end to the current idiocracy - that is the best hope to lift the clouds remaining over CBD. Hint Hint, Nudge Nudge, Wink Wink, update the frack'n rules already! Gottlieb! and Essentially same news on different pubication - citing cvsi statement
In regard to the FDA's future ruling, we shouldn't overlook the new interpretation of the sanctity of free speech in our constitution - I'm not talking about us flesh and blood, I'm talking about Corporate Citizens-United Unlimited Free Speech (money/bribery). This initiative spearheaded by the extreme wealthy was designed to promote human greed to ensure the corporate overthrow of our three branches of government -which is almost complete (Yes, Bribery is legal now, because it is "free speech" and the new "citizens" or "We the People" espoused in the Constitution are seen as corporations (The oligarchical plan that took decades to come together with the help of certain Supreme Court Installations). The FDA commissioner, Scott Gottlieb with connections to big pharma and appointed by this administration, is ostensibly going to meet with his Big Pharm donors to have a discussion to determine who is most vociferous in their free speech so he knows how to frame his decision on CBD. Realistically, all CBD stakeholders (like CVSI) should be joining other's to gather their free speech together to fight against big pharma, preferably in million dollar bundles. Perhaps the many smaller donations can overcome Big Pharma, but I'd suspect that Gottlieb already has loyalties bought and paid for. Regardless of what that determination is, which should benefit big pharma over everyone else, there is always the possibility of a radical change in the administration come 2020; which will result in a replacement for Gottlieb that isn't corporate owned - I'm not talking about corporate owned "D's" or corporate owned "R's", I'm talking about progressives or other's that don't take corporate PAC money (they view corporate bribes and ownership as criminal - which is radical thinking now). The code word "radical" is applied to anyone who would interfere with the status quo and progress toward corporate ownership of all of us to maximize profits. Bezos made an average of 275 million per day last year (that isn't competitive capitalism, that's Kingdom-ism and monopoly power - aka: Donor power!!). On a positive note, I read that Canada is working to make CBD "explicitly" a legal additive to food and drinks in Canada, and to regulated it like vitamins and supplements. This should put pressure on our country to do the same, since we are rather tied-at-the-hip with Canada in trade with a long border in common without walls or fences. In the least, it is yet another move in the correct direction.
CVSI +4.03%,CWBHF -0.41%; Dow -661; Comp -202; Rut -24.9 It's always a good thing to buck the trend in the overall market and competition in the positive direction. I'm happy there was last-minute buying to offset much of the late profit taking.
Script: Profit taking to take it back to where we began the day before close. Because we are still trading in the trash can known as the OTC market that nobody knows about located in a dark alley behind the NYSE where Oscar-The-Grouch lives. Ok, maybe we will divert from the script this time but the overall market downslide is going to make it hard to break above 5.
I believe broad market rally is a Deadman's Bounce because the bear market is hear. This is just a knee-jerk reaction exaggerated by program and momentum trading (maybe some buybacks); partly due to assurances the Fed Chairman's job is safe (for whatever that's worth), and likely due to the story about the divergence of the stock market from the bond market which suggested the stock market may be way oversold. In the end it is BS, just like CVSI stock being below 50 is trading BS. Tomorrow is another day.
Some of this is likely Tax-Loss Selling. Yes, the stock is controlled by short-sellers and traders still, but we can move the trading resistance and support levels higher over time, even in the OTC with sufficient inflows of long-term investment. For those that made considerable trading gains this year but now their shares are worth less, this is a popular time of year (In December, just before the end of the month) to sell at a loss to offset those gains for capital-gains tax reduction purposes. This idea makes sense for those that believe they can buy back close to or below the current price by getting back liquidity (to buy lower) and paying less tax - a double advantage. The continued decline in the broader market certainly reinforces a bearish sentiment that will reinforce the wisdom of such a strategy. I believe the last Fed hike was good because it will further deflate, in a timely way, the excess gas accumulated in the market to set it up for another long-term rebuilding and bull market. The rate hike also lowers long-term rates, like mortgages, which will help stimulate the housing market - the backbone of the US economy. I doubt there will be another Fed rate hike (the economy isn't so strong, we created a lot of low paying jobs and part-time gig employment without benefits). Also, the global economies overall appear to be in a weakening cycle as well. These macroeconomic factors should not have a significant negative impact on the stock price of small consumer companies like CV Sciences, who's fortunes will be dictated by their own continuted business plan execution, and where demand for their products may actually go up in a bear market.
Uplist may need to wait until FDA rewrites rules for CBD, now that is has been removed as a DEA scheduled substance by FB.
I love Dr. Bronner's! I use their 25 Oz bottles of Hemp-Peppermint Castile Soap as a hand and body soap. They use organic oils (so I know I'm not rubbing any toxic pesticides onto my body when washing). The ingredient list on my bottle: Water, organic coconut oil, potassium hydroxide, organic palm kernel oil, organic olive oil, mentha arvensis, organic hemp oil, organic jojoba oil, mentha piperita, citric acid, tocopherol. So Hemp oil, based on list order, is a minority ingredient, but still a significant part of the product. It's not something you want to get in your eyes, since the peppermint will make them burn - flush with water if it happens and then it's OK! Bronner's is also a B-Corp (aka. Benefit Corp), or Benefit Corporation, which like Cooperatives are becoming very popular globally. Hemp will be in so many products now!
CV Sciences Applied For Uplist in July, so a process that normally takes 4 weeks to 6 weeks and even up to 10 weeks to complete hasn't been completed yet. They haven't rejected the uplisting and management has confirmed they were still in communication with Nasdaq regarding uplisting back in November. So, one would think that after 5 months, or 20 weeks, that there has much more than ample time for all issues (outside of Hemp and CBD legality) to be resolved. This creates a probable scenario that Nasdaq is merely holding the uplisting for the FB signing (with the appropriate HEMP and CBD legalization language included); otherwise they should have rejected it. There may be a further delay while their legal counsel looks at the language of the Hemp legalization provision to determine whether it is satisfactory.
Short Selling Is Psychological Warfare - Every time there is good news, every time there is a rally building, they will knock it down to control the conversation, to kill the rally, and to control the inflow of money so they can profit from it. If they can't control the money flow, they will get burned. The OTC is where they rule. Their days are numbered controlling this stock. What you saw today is them saying "No, the FB is not important. We'll even prove it to you. See the stock is going down See, this stock is stuck in a range, nothing is going to change". Then you get discouraged and sell, they take your profit. Their game is so predictable, they don't even bother changing up their schedule day after day for many days in a row - Within 30 minutes of the market open, there's is usually a short attack, or it's at the close. The other time it often happens is when volume drops off. When Vandy comes in, you know they are planning an attack that day. It's like watching the movie Groundhog Day. I'll be happy when we leave the OTC behind.
Trump just signed the Farm Bill (now that the Market Closed!) - PHEW!! IT'S DONE! Now we can all get on with our lives! I'm having an alcoholic beverage now to celebrate! Cheers! Don't let the short sellers get you down, they can't control the stock much longer. Uplisting is next!
Chest Pounding and Wall Pounding - But said he'll sign FB. When he signs it will be a great relief. Given how much spin he's giving immigration, I suspect he wanted to hold the FB hostage.
Formal Signing Ceremony just started. Elon Musk shows up smoking some weed - Just kidding, but I wish he did! Trump and Pence and Perdue have entered - No Kidding!
I see McConnell and other important congressmen for the FB. They are chatting. The Ceremony hasn't formally started yet, just a lot of chatting. No Trump yet.
Farm Bill Ceremony Has Begun!
T-Minus 10 Min. Will McConnell's HEMP PEN make it to the signing?