Cannabis Science Inc (fka CBIS)

[Alan Brochstein]

Dabney has less than 23mm shares that he owns personally:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10914973

Includes 22,726,000 shares held personally, 45,923,333 shares held by Bogat Family Trust, for which Mr. Dabney is a trustee, and 5,000,000 shares held by Pacific One Financial Services Ltd., a Company which Mr. Dabney owns 80.1% of.

That amounts to $230K roughly in value. The company has over 1.4 billion shares (as reported as of 11/20), so this is an odd-lot.

The press release is very clear:

Mr. Dabney will be replacing both planned dividends with his own personal shares.

Even if it were all 80mm shares, it's not enough to accomplish what the company promised. Further, there will be no new class of shares and no $25mm capital raise and no NASDAQ uplisting. No worries, though, as that was never going to happen anyway.