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Another 20 million dollar trim off CVSI's market cap. In the red again another 8%
Down, down, down she goes, where she stops nobody knows!
Excellent post!
They're still being warned regularly but I guess a 60%+ drop in S/P over the past year plus
NO NASDAQ
NO PROFIT
NO PATENT isn't enough.
I was about to debunk the nonsense regarding CVSI and the plethora of reasons why it's crashed 60% over the past year but I see someone has already hit that nail right on the head
Those numbers aren't real AND they show a loss NO PROFIT
Do you know what an adverse opinion?
Allow me to explain because your precious CVSI has one issued by THEIR AUDITORS
An adverse opinion is a professional opinion made by an auditor indicating that a company's financial statements are misrepresented, misstated and do not accurately reflect its financial performance and health. Adverse opinions are usually given after an auditor's report, which can be internal or independent of the company.
5 minutes to close, get ready for the inevitable ticket paint job of a 100 share buy of CVSI in order to try and make it look better then the now 58% loss CVSI has suffered since last March
THIS Vitamin Shoppe? The one predicted by 41% to file bankruptcy?
https://www.macroaxis.com/invest/ratio/VSI--Probability_Of_Bankruptcy
As predicted, new yearly low for CVSI right outta the gate this morning. With No NASDAQ, Adverse Auditor opinion, multiple disciplinary actions amongst all the rest, how low can she go?
New yearly low tomorrow
Dated November 6, 2018:
CVSI dilution continues to continue.....
https://www.gurufocus.com/term/Shares%20Outstanding/CVSI/Shares%252BOutstanding%252B%252528Diluted%252BAverage%252529/CV+Sciences+Inc
CVSI filed for NASDAQ "uplist" or "uplift" or "lift off" 400 days ago.
Ooooops, my bad, it was Peleton who filed for an ACTUAL IPO to NASDAQ today:
https://techcrunch.com/2019/08/27/peloton-files-publicly-for-ipo/
Bet it doesn't take 400 days. I don't think it will take more then 4 to 6 weeks as stated in the NASDAQ guide book page 6.
In other news CVSI drops another 8.47% today IN THE RED setting it up when it hits $2.75 to $2.80 for my 14th swing trade. Hope you guys are all getting in on this action. Gotta love CVSI, playing straight out of the stinky pinky book! Best day trade ticker out there.
I heard a rumor CVSI is going to be announcing placement (on consignment of course) their "balms" in ALL of yet another group of old school Brick and Mortar Stores. Woooooooo, hoooooooo!
Retail Graveyard, Vitamin Shoppe and others
Vitamin Shoppe (NYSE:VSI), has torpedoed as it’s sales tumbled for six straight quarters, and analysts expect it to post a 5% sales decline and a net loss for the full year.
Vitamin Shoppe’s stock tumbled more than 80% over the past three years and 90% over the past five. The company’s trying turnaround strategies including an expansion of its e-commerce ecosystem, new delivery services, higher marketing investments, and “retooled” pricing and promotion initiatives but its “too little, too late.”
Unfortunately, those efforts sound generic, expensive, and don’t really counter the growing threat of superstores and Costco. Its ongoing store closures might soften the impact on its margins, but it also weakens its brand presence against GNC. There are persistent rumors about GNC merging with Vitamin Shoppe, but combining two losers won’t make a winner -- as we saw with Office Depot.
https://www.fool.com/slideshow/these-11-retailers-may-not-survive-2018/
Vitamin Shoppe facing bankruptcy along with 10 other old school retailers;
https://www.fool.com/slideshow/these-11-retailers-may-not-survive-2018/
The Vitamin Shoppe fires 208 Executives JUST this last Q
https://www.linkedin.com/jobs/the-vitamin-shoppe-closing-jobs/
Senate testimony related to CBD's therefore CVSI
https://www.agriculture.senate.gov/imo/media/doc/Testimony_Abernethy%2007.25.19.pdf
CBD OTC Scams almost over, get ready for even MORE RED
https://www.theguardian.com/commentisfree/2019/jul/01/cannabis-medical-cannabidiol-cbd-uk-consumers
Speaking of MMJ / MJ P$D Scams the king of them all former Growlife (PHOT) CEO and major shareholder Sterling Scott is back with a new stinky pinky MJ Scam; "Pure Harvest Cannabis Group," OTC Pink PHCG. I guess he thinks All those people who lost their life savings as he was selling floorless convertibles to his wife (Elizabeth Weedam), son, Jordan Scott, and the under the radar pinky financier David Weiner are gone, broke or forgot PHOT was sent to the Greys. H was listed as "founder and President" on their website but I called him out on ihub and they removed his name. However if you go to the PHCG website, dial the 800 number listed and when prompted dial the 1st 3 letters of his last name an operator states; "Mr Sterling Scott is not available at this time, please leave a message and he'll call you back at his earliest possible convenience. He's def behind this scam so warn your friends.