GB Sciences Inc (GBLX)

[gblxwhale]

Talked to Network 1 today. They said for the shares are needed if and when they start making some acquisitions which leads me to believe that they are looking/thinking about something. They said it takes months to get these shares and that the field is moving so fast that they don't want to be stuck not ready if an acquisition target comes available. They also said for everyone $8 mil they spend on an acquisition its work $100mil in revenue. I'm not sure about that but just relaying what they said. I argued with them about it still being excessive (400mil shares) but was shut down immediately.

Net 1 is preaching that this is a $10-$30 stock. I said bullshit and that maybe in like 10 years after all the trials for their patented treatments. They referred to GW Pharmaceuticals that went up 25 points when they announced a pilot study involving cannabis. I'm hoping that GBLX announces a pilot study in 1st quarter, but who knows.

Network 1 also mentioned that the bill to reschedule Cannabis is being voted on in spring.

Imagine the bill gets passed and then GBLX announces a pilot study or vise versa. This thing would definitely take off.

Also, the Chicago attorney was not issued those shares, he bought all in the open market.

It would appear that 2018 is going to be a significant year the company and the industry.

GLTA