CV Sciences Inc (CVSI)

[Bubba_in_Virginia]

CANV appears to be $20 bill lying on the sidewalk, waiting to be picked up.

Looking at the last quarterly financials, the liquidation value of the company is over $0.28 per share, assuming that one could realize 80% of accounts and notes receivable, 0% for intangibles and goodwill and 50% of other assets.

At current stock price, the assets are being valued at 27% of cost and that assumes zero / nada / nil for intellectual property.

Surely the CFO and President have not overstated asset values, in violation of Sarbanes Oxley -- exposing them to possible criminal prosecution.

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Note: This assumes maximum dilution at 60% of $0.13 per share (current low 30 days price = $0.13).

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The idiots who are screaming about possible dilution have not read the SEC filings and the terms of the convertible note which limits conversion to an amount of shares less than 5% of outstanding shares (following conversion). Unlike some other open-ended dilutive financings, CANV's convert has a limitation on share issuance.

Read the documents, boys and girls.

My opinion only.