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Again, if you can’t see it, you don’t want to see it.
There has been/is plenty of evidence to show that this is just another P&D scheme.
Actually, it’s not an opinion, we all watched this thing get pumped and dumped- it’s a matter of undeniable fact.
“But Canbiola has a politician on their board, they must be legit!”
Speaking of trusting the politicians!
Here is some real news that’s about 10 minutes old.
https://www.google.com/amp/s/www.cnbc.com/amp/2020/01/17/chris-collins-sentenced-to-26-months-for-insider-trading-tip.html
Must have me confused with some else, I wasn’t jabbering in about bollinger bands yesterday.
Aw gees, thanks pop, I sure will!
If anyone is having a hard time believing that this is going lower, compare the price movement to EDXC. (EDXC has been used by nearly all to makes comparisons to CANB)
Had a huge run up last year, peaked and then sold off/diluted 85% of the gains.
In October, it broke the 50 day SMA, ran to $.20 for a couple of days, then sold off/diluted 60% of those gains, leaving longs with a total loss of almost 90%.
Now, EDXC is hovering around 52-week lows- again.
The charts are almost identical, the companies are pretty similar, and the dilution is pretty much the same, except CANB is trailing EDXC by about 3 months.
Don’t day you didn’t see it coming.
Only 500%?
But this is supposed to be 2,000%+ gainer.
To da moon!
If Canbiola executives provided current Form 4’s every time they sold their shares, investors would be bombarded with daily PR’s about insiders selling.
Executives are able to sneak their selling habits past investors with one form instead of hundreds of forms. Hence, you get one annual statement and that’s it.
To some extent, maybe you’re right.
Except there is that one part you forgot to mention:
The last time CANB broke the 50 day SMA, it was immediately followed by a 90% drop.
So, historically speaking, is the upside really that imminent?
Yes, you’ve done an excellent job of pointing out what an upstanding and responsible executive would do, but you haven’t explained what it is that CANB executives ACTUALLY do.
But enough about me, I’m taken.
Please explain why EDGAR only populates 2 Form 4s, yet insiders sold hundreds of millions of shares were sold last year.
I mean, Canbiola executives couldn’t possibly sell shares without submitting the proper paperwork, right?
I know how to read.
Oh, and I don’t struggle to think for myself.
That’s about it.
Yes, nobody better to trust than our good ol’ politicians!
Excellent source of guidance, my friend!
Oh yeah, we all know how well CANB follows SEC filing deadlines!
Explain the annual statements that don’t have your timely filed precious Form 4’s!
My bad, it’s Farmers who know a thing or two because they’ve seen a thing or two.
Either way, here is the annual report for Marco. Please, now tel me how Marco isn’t affiliated with Canbiola and how he’s not an insider, and how fact that he sells millions of his free shares have nothing to do with insiders selling.
I’ll wait.
https://www.sec.gov/Archives/edgar/data/1499697/000151116419000044/xslF345X03/primary_doc.xml
https://www.sec.gov/Archives/edgar/data/1499697/000151116419000045/xslF345X03/primary_doc.xml
Yeah, it’s a year old because the current doc isn’t due out until April. It’ll come, just be patient Mr. Allstate.
Only the best!
And I have ocean front property in Arizona I’ll sell you for cheap cheap.
That would make sense, because even an average investor understands the idea of buying low and selling high, and at this point most people are still trying to average down.
Other “NotsoSmartGuys” have a habit of buying high and selling low.
Nope, this is just lunch break doldrums.
Wait until 1pm rolls around, the selling will pick back up.
It’s down 12% with absolutely no buying pressure on a Friday. It’ll go lower this afternoon, always does.
The annual report for 2019 will come out in a few months and then you can pretend to be shocked that insiders sold their a$$e$ off last year.
Jesus Christ, if you can’t find proof of insider selling, you aren’t looking.
Since you expect people to do your DD for you (which begs the question, what kind of investor are you?) here is an annual statement of ONE insider selling millions.
https://www.sec.gov/Archives/edgar/data/1509957/000152573819000003/xslF345X03/primary_doc.xml
Now, please refrain from making ignorant claims.
I imagine this is what a Canbiola executive meeting must be like:
“Okay guys, we’re gonna put out a couple of fluff articles this week. If you need to move a couple millions shares, now is the time to do it. People will be eating this sh*t up.”
“How many are you selling this week Marco? 3 million? 5 million? I think I’m gonna try and dump 10 million.”
“Yeah, I really need to buy a new house in Florida and you know how expensive Florida real estate is. I think I can match your 10 million, maybe get rid of 20 million.”
If you took a new position here this week and you think -12% is bad, just wait until Monday.
This thing will never stop surprising you, it always finds a way to go lower.
Must have something to do with insiders dumping hundreds of millions of shares a year...
From a production perspective, sure, maybe their product isn’t illegal and therefore NASDAQ eligible.
From a personnel perspective, however, NASDAQ is very diligent in vetting the owners and interested parties of the companies they host. Executives with even questionable (Marco’s isn’t questionable, it’s proven to be shady with numerous convictions) backgrounds are not permitted.
Look at CVSI, they ousted their CEO (although it seemed more like a charade than a true separation) so that they could meet NASDAQ qualifications.
The reality is that Marco isn’t the kind of CEO NASDAQ wants trading on their board, so even if the product is not overtly illicit, the company will most likely not be allowed to uplist.
Instead, CANB (much like CVSI is doing now) will continue using the prospect of uplisting as way to attract gullible buyers that they can sell their shares to.
Now you can’t say you didn’t know...
With $4.00+ share price, insiders like Marco and Rolv will have a sh*t ton of room to dilute the hell out of this thing.
They’ll milk this company to death with their free shares and retail investors will be the ones paying the price.
*with the exception of the poor soul who invested $4 million last year. He’s probably the biggest loser thus far.
Everyone who took positions between $.015-$.019 this week will soon be in the same boat that the people who bought between $.05-$.06 7 months ago are.
Because everyone knows what happens when you reverse split:
More room to go lower.
New lows coming.
Party’s over.
Yes, of course, only the best!
I only wish more people could have jumped on the Grand Salami train.... before it derailed and killed everyone onboard!
The information has proven fruitful for all involved, but mostly only the CANB executives that pocket the proceeds from sold shares. Not so much anyone else, but yeah so what?! Right on! To da moon!
What the overenthusiastic posters won’t share with you:
For the last year a NEW LOW has followed EVERY SINGLE 50 DAY SMA TEST.
Sure, up 20% today, but tomorrow is almost guaranteed to be deep red.
New low coming by Friday- mark it.
Looks more like a soup sandwich to me, looks delicious.
Not at all, but a little perspective goes a long way.
280,000 shares at $.0147 ($4,000) is nothing - hardly a drop in the bucket - and the same handful of posters are promising $.03’s already.
If you ever wonder why CANB continues to look like an overhyped piece of trash, that’s why!
One minor blip upwards and it’s “to da moon!”
Jesus, literally 100’s of millions of shares dumped over the last couple of months and we’re celebrating 280,000 shares being traded over the 50 day SMA?
That’s barely $4,000. Big whoop.
If the optimist haven’t learned by now, they never will.
Brace for deep impact, this thing is about to hit rock bottom.
And look at that, the buying side has already dried up.
Look out below.
Certainly isn’t going to be a “clear path to $.02-$.03,” like Captain Delusional purports.
There will millions of shares dumped as it climbs, with huge blocks of shares creating walls at almost every increment.
Just look at Level II sell orders this afternoon, it’ll tell you everything you need to know.
It’s not a breakout until it holds over $.015 and is confirmed with volume.
At this point, neither has happened.
A rejection here GUARANTEES sub-penny.
Congrats to longs?
If you were long on CANB before yesterday, you’re severely in the red.
The only people who made money here are the ones who took positions at $.01 a week ago.
But yes, congrats to all the longs for not cutting your wrist after watching your mortgage money circle the drain.
Don’t get too excited. In 7 months the price has been rejected off the 50 day SMA 6 times. If it doesn’t break through here, this will make the 7th.