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Friday, September 28, 2018 4:22:01 PM
My apologies if your question was rhetorical lol.
CBIS is valued at 120mil but last time they bothered to post financial reports, a year ago, they were 14 mil in expenses, 5000 DOLLARS in revenues. The CEO was found to have committed fraud, had 3 failed businesses under him, and is presently facing fraud charges in Canada. He also, like clockwork, puts out tepid and fake press releases at least once a month. They are presently running with "appointees to the board"
Even so, CBIS moved pretty much in tandem with UBQU for the last years, huge spikes in Dec-Jan, etc.
This time UBQU is bottoming out, and I believe CBIS might head toward bankruptcy or having OTC halt trading.
How was CBIS making money? most likely from a pump and dump scheme. CBIS haters suspected telemarketers were paid from the 140M pool (in stock) to push noobs to buy it (in fact this morning a pro-pot-penny stock video mentioned CBIS's rise last year from .04 to .13 to push penny pots in general. So pushers are paid to pump CBIS, and if CBIS lucks out and gets a breakout because a lot of penny speculators don't do a lick of DD (guilty at the beginning) if they go dollar the CEO cleans up.
So IS HMPQ still publishing financials? are they still getting good press from ….reliable sources? if so, that is possibly why they are exploding on bad financials. Right now Tilray, which is probably an 80M market cap company, went to 16B one day on great press, then it was an 8B the next day, 12B the next in the feeding frenzy.
So I believe UBQU is inept, not corrupt. Why I still hold. I believe CBIS is corrupt, not inept. I believe Tilray is lucky. HMPQ sounds like it might be corrupt, especially if its OTC and lagging in publishing financials, or they don't even offer a product.
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