CV Sciences Inc (CVSI)

[HopeSkeptic]

Good morning all: my math has CVSI a conservative valuation of $8 (on TTM PS after Q3 allowing same 18 multiple as we have had. And much better looking forward - which on normal exchange would have us much higher since it tries to apply future value.)

But... my gut and annoying OTC experience over the past 6 months says OTC does not apply future value, just momentum and volume. This tells me near term SP goes down slowly to 50MA and a little below (low 5's high 4s). The big upside catalysts are out there, but vague on timing (Farm Bill, NASD); if we get Class Action dismissed next week that will be helpful. But CVSI is still largely unknown and has a tendency to trail down on low volume cheered on by the usual annoying suspects and their redundant claims. Would love to hear thoughts on near term SP.