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From 4/12
The fact that we finshed today at the high of the day suggests we go higher Monday. and breaking bullish above the previous day's high of 5.99 is very bullish too. 6.21 is next on tap after that. We are very close.
Your votes on the CVSI proposals are irrelevant.
Michael Mona Jr, Mona III, and Dowling control close to 1/2 the float.
Sorry, that’s how it is down here in the dregs of OTC Land.
NO, sorry again but CVSI is not being “uplisted to NASDAQ, 313 days since the application and counting.........yawn............
With CVSI “people” see a company with expected earnings of $.02 a share but actual reported earnings of -$.01 simultaneous to stockholders slowly being diluted. The 8k stated CVSI is now at 117 million shares. Whatever it goes down today add an additional drop of 17%
That earnings report was a disaster other than holding revenues compared to last quarter.
Why buy someone's loaned out shares?
BOD DR. Maroon
I don’t debate
I don’t respond to requests for stocks
I don’t respond to private messages
And I don’t care what you think or believe.
Do you people realize what themlow
Volume means?
No one is buying lol
Agreed, as with all of the OTC CVSI is the cult stock of the moment hopping on the “hot commodity” of the moment; Hemp and CBD. It reminds me of Bahige Bassem “Bill” Chaaban’s cult stock FITX. He had all those people convinced they’d be the number 1 LP in Canada making them all rich. Where are they now? Suspended. Trading on the greys about $75.00 per day in activity, down from their previous multi-million dollars daily.
Michael Mona Jr was paid $7,418,000.00 (SEVEN MILLION FOUR HUNDRED EIGHTEN THOUSAND DOLLARS) in 2018 along with being GIFTED Twelve (12) MILLION stock options issued at an average of $.38 for a stock selling at $5.50ish (a $61,440,000.00 GIFT - SIXTY ONE MILLION FOUR HUNDRED FORTY THOUSAND DOLLARS) given to Michael Mona Jr CVSI’s suspended former CEO. Almost SEVENTY MILLION DOLLARS. His son Michael Mona III was also given $681,752,000.00 as “co-founder and CEO.” This can be seen in the chart below and the 14F files After the Market closed Friday.
Michael Mona Jr. who in 2018 became BARRED from holding ANY position in ANY public company not including the hefty fine he paid along with the SEC Suspension he received. SIXTY ONE MILLION FOUR HUNDRED FORTY THOUSAND DOLLARS to a convicted fraudster plus SEVEN MILLION FOUR HUNDRED TWENTY THREE DOLLARS, almost SEVENTY MILLION DOLLARS. CVSI LOST money in 2015, 2016, 2017 and in 2018 self reported a profit of $10,001,000.00 or 1/7th the amount given to Mr Michael Mona. The net profit was signed off on by their CPA Anton and Chia but that presents another problem.
The SEC disciplined CVSI’s accountant and auditor Anton and Chia stated in the citation below as clear fraud, manipulation and subsequent discipline
http://www.lexissecuritiesmosaic.com/gateway/sec/admin-proceeding/34-82206.pdf
Are they to be trusted?
In 2011, Michael Mona was on trial in California for fraud. After the trial, the court (Judge Riegle) stated; “Mr. Mona intentionally defrauded the plaintiff by “misrepresent[ing] material facts and conceal[ing] other material facts.” The California Superior Court found that Michael Mona committed fraud and awarded plaintiff Far West a $17.8 million dollar judgment against Michael Mona — both individually and in his capacity as trustee of the Mona Family Trust. In order to avoid paying the proceeds of the Judgment Mr. Mona wanted to file Bankruptcy but he couldn’t. He had previously filed in 1999 (case # 9912412) discharged on January 4, 2006. He therefore formed the “Mona Family Trust” and moved ALL his and his wife’s assets to The Mona Family Trust. However, The California court also found that Michael Mona Jr. was the alter ego of the Mona Family Trust, and that both Michael Mona Jr. and the Mona Family Trust were liable for damages awarded to Far West. Far West then domesticated the California judgment in Nevada against Michael Mona and the Mona Family Trust for damages caused by his fraud.
(Source: Far West Indus. v. Mona, et al., California Superior Court, Riverside County, No. RIC495966.)"
The collection of this judgment by Far West is still being litigated today.
Source: https://caselaw.findlaw.com/nv-supreme-court/1750014.html
Additionally On December 14, 2017, the USPTO made a final rejection decision on CVSI Patent Application for their drug CVSI-007 and mailed CVSI a letter indicating the final rejection status of its Patent on December 20, 2017. Defendants CVSI Failed to Disclose to Investors That CV Sciences, Inc.’s Patent Has Been Rejected. After being notified of both the non-final and subsequent final rejection decisions on the Patent, Defendants failed to make any disclosures or statements regarding the Patent’s status, despite the Company’s self-proclaimed “effective” disclosure controls and procedures. There is currently a court approved class action suit working its way through the courts against Mona, current CVSI CEO Joseph Dowling and of course CVSI.
Source: Case 2:18-cv-01602-JAD-PAL Document 1 Filed 08/24/18
Link: http://securities.stanford.edu/filings-documents/1067/CSI200_02/2018824_f01c_18CV01602.pdf
The stockholders of CVSI are counting on an “uplist” to NASDAQ filed 250 days ago.
TWO HUNDRED FIFTY DAYS. A typical NASDAQ Listing takes 4-6 weeks.
Source: NASDAQ Listing Requirements Page Four
Link; https://listingcenter.nasdaq.com/assets/initialguide.pdf
With Mona’s fraud conviction, SEC Suspension and fine, the discipline of CVSI’s accountant and auditor Anton and Chia as clear fraud, manipulation and subsequent discipline, along with Mona Jr leaving his son Michael Mona III at CVSI in the official title of Co-Founder & Chief Operating Officer being paid $681,752.00 in 2018 not including HIS stock options as his proxy it’s pretty clear who always has and is still both running CVSI and gaining more then all its stockholders combined. A convicted fraudster and SEC Suspended and Fined bad actor, along with holding 25 % +/- of the 99,000,000 share float it certainly appears to be Michael Mona Jr.
Per SEC rules, no company may raise capital if any officer, director, promoter or beneficial owner of 20% or more of its equity is a “Bad Actor”.
Is Michael Mona Jr an SEC defined “Bad Actor?” He certainly qualifies under ALL The SEC “Bad Actor” definitions. Overview of the Bad Actor Rule
The “Bad Actor” rule is codified as new paragraphs (d) and (e) to Rule 506. Rule 506(d)(1) provides that the exemptions in Rule 506(b) and Rule 506(c) are not available if the issuer or any associated person is statutorily disqualified. This includes all of the following:
1. issuer = the company selling securities, any predecessor of the issuer (prior entity), and any affiliated issuer
2. associated persons =
· Directors, general partners, and managing members of the issuer;
· Executive officers of the issuer, and other officers participating in the offering;
· 20 percent beneficial owners of the issuer;
· Promoters;
· Investment managers and principals of pooled investment funds; and
· Any person compensated for soliciting investors.
Source and Citation:
https://www.sec.gov/info/smallbus/secg/bad-actor-small-entity-compliance-guide.htm
https://www.lexisnexis.com/legalnewsroom/banking/b/banking-finance/posts/rule-506-d-bad-actor-disqualifications-who-s-a-bad-actor-and-why-are-they-bad-part-i
After numerous conversations with Marc Blau head of the L.A. Office of the SEC Microcap task force amongst other SEC and NASDAQ officials who spoke under the promise of anonymity CVSI will not be considered for any actual stock exchange for five (5) years if they’re not suspended prior to then.
Bottom line... uplisting is imminent...
lol. CVSI will be $100+... and on Nasdaq. no doubt in my mind.
You are silly. Nasdaq WILL happen without a doubt.
A typo made Your day?
Hey, good for You, whatever floats your boat.
Happiness and time are our most important assets.
Not money!
Money will never make you happy. It can be a tool to help make life simpler opening the door for the opportunity of happiness, But, it will never bring you happiness.
Time and happiness, our two most important assets. You can’t buy them, borrow them, beg for them or even steal them If Thats Your “thing.”
Today was one of the rarest of days for me with CVSI. I bought at the dead low ($5.50) and sold at $5.88 -
2 cents shy of the high. Still a 7% gain in one trading session and thats the smallers trade profit CVSI has ever brought me.
My 15th winning day trade with ZERO losses since selling my big position last August @ $6.68 bought in January 2018 for $.42
You gotta love This ticker, CVSI IS A Traders Dream!
Great weekend to all!
Gotta Love This Stock. A Traders Dream!
Bought at $5.35 Tuesday sold at $5.95 final Trade at 4:00 P.M. Yesterday. 11.12% gain in a few hours.
Bought again at $5.50 This morning at the opening Bell, hope we can breach or reach that $6.00 wall for another 10% daily gain.
With today being 251 days and no uplist This trend should continue as it has for 8+ months.
14 Day Trades with 10% to 20% gains in 8 months and no uplist in sight
So This trend should continue with no uplist in sight so long as the beta coëfficiënt status in that 1.90 - 2.00 range and tou watch that RSI like a hawk
CVSI: The Traders Dream!
GLTA - Slap that ask and Lets hit $6.00 today. (Not that I’d cry at a 9% gain).
There are going to be large swings in CVSI.
An experienced Investor can tell by looking at the Beta Coefficient.
For those unaware If a stock has a beta of 1.0, it indicates that its price activity is strongly correlated with the market. A stock with a beta of 1.0 has systematic risk, but the beta calculation can’t detect any unsystematic risk. Adding a stock to a portfolio with a beta of 1.0 doesn’t add any risk to the portfolio, but it also doesn’t increase the likelihood that the portfolio will provide an excess return.
A beta of less than 1.0 means that the security is theoretically less volatile than the market, meaning the portfolio is less risky with the stock included than without it. For example, utility stocks often have low betas because they tend to move more slowly than market averages.
A beta that is greater than 1.0 indicates that the security's price is theoretically more volatile than the market. For example, if a stock's beta is 1.2, it is assumed to be 20% more volatile than the market. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return.
CVSI has a Beta of 1.89 making it very volatile which is why it’s a Day Traders Dream
I’d personally like to thank all the people who have created the buying and selling creating one of the few great day trades in the Cannabis / Hemp Space.
100% Agreed!
CVSI=Trader's Dream
The FDA is making numerous statements about CBD infused products leading to the May hearings ALL which could affect CVSI. For example, there’s:
(1) https://www.marijuanamoment.net/fda-announces-details-on-cbd-public-hearing/
(2) https://www.fda.gov/NewsEvents/Newsroom/PressAnnouncements/ucm635048.htm
(3) https://psmag.com/news/is-cbd-safe-the-fda-is-looking-into-it
(4) https://www-m.cnn.com/2019/04/02/health/cbd-cannabidiol-regulation-bn/index.html
(5) https://www.naturalproductsinsider.com/litigation/fda-enforcement-against-cbd-trade-more-likely-following-gw-drug-approval
(6) https://www.opss.org/faqs/cannabidiol-are-products-cbd-legal
And this released under one hour ago;
(7) https://www.chicagotribune.com/business/sns-tns-bc-fda-cannabidiol-20190403-story.html
Plus another 10% dilution thanks to Mr. Mona and of course no NASDAQ . I’m hanging in but I hope we don’t hear anymore bad news. It’s obviously affecting the S/P now back under $6.00 - let’s slap that ask and close over $6.00 today!
FDA Commissioner Scott Gottlieb Makes Statements For FDA Regarding CBD:
https://www.fda.gov/NewsEvents/Newsroom/PressAnnouncements/ucm635048.htm
What does this mean for CVSI?
Is this why we were down today?
8+ months - update yet?