Actually I have been involved in two share selling schemes.
The first was Building Turbines BLDW, a company proposing to sell commercial wind power. The board diluted shares, had no revenue, and became acquired by Hemptech, which in turn merged with Nuvus Corp to form a technology tool provider for cryptocurrency and hemp industries.
The second was Airborne Wireless ABWN. You want to see share dilution to the MAX, you can't find a better company that issued convertible preferred stock that dropped the price from 3 dollars to 0.0001 cent. They recently reverse split 30,000 to 1 for a new share price of 3.00 as of yesterday, wiping out ALL shareholders. As of today, they closed at 68 cents.
So yeah, I know what's its like to buy and hold onto loser stocks until they reach oblivion.
I know, clearly, a share selling scheme structure when I see one.
I have learned my lessons from them. The main one being:
Never buy an idea, only consistently growing revenues and healthier profit margins.
The patent-pending is CV Sciences idea, the product line is the reality and drive behind the stock price.
I have recouped multiple times all my losses from these previous endeavors thanks to CVSI.
Sold a ton of shares @6, 8.28, 8.4 and bought back from 7 back down to 5.06
win some, lose some, right?
Then again, my total average on 100,000 shares is .66 cents. I have no reason to complain. You may have, especially since you are new to this board and stock.
Companies that generate no revenue are TOTALLY SUSPECT. But simply because your opinion on a company's products differ from their balance sheet, doesn't mean there is a scam going on.
Either you believe the country is dumb for buying CV Sciences products and thus helping their cause (which you apparently strongly oppose), or you yourself are looking for a cheaper entry price into this stock.
Because the altruistic notion that you are 'saving' people from making a bad investment and/or bad purchase into this company is a losing battle in the long run.
Coca cola can dissolve roadkill, imagine what it does to your insides, but are their profits decreasing?
Sugar companies continue bilking billions from the undisciplined every day as diabetes remains a leading cause of death, but does that prevent investors from enjoying the dividend payments lining their pockets?
Ultimately, it doesn't matter how "no to little effect" CBD has on people. It doesn't matter how many lawsuits or alleged accounting frauds occur in companies' books and profile. Money always gets the last word. You know this. and CVSI................well..............
CVSI will continue to have more money as time goes on............
Join the tide or get swept away by it. Your choice.
