Tuesday, August 04, 2020 6:30:02 PM
Good to see you around. I've been following things closely and finally up big now after averaging down and making some key flips while accumulating to the long share pile.
So here is the current situation to answer your questions:
1) NASDAQ - Shareholders voted down the reverse split. It's apparent that shareholders want the stock price to earn it's way up organically. Dowling was a little disappointed by this but investors are happy.
2) The last pending lawsuit was always garbage in the first place. It's not officially over with but seeing as CV007 patent was issued. There is absolutely zero grounds for the case. It'll be thrown out shortly. It's just a formality that it hasn't already. So yay management for staying truthful and getting that patent sealed. Patent is estimated to be valued at .80/share on it's own. That without any other sales. So take .80 and add in everything else CVSI and that's where we "should" be. I think the total valuation was around $1.50+ share when I calculated all that before the new product line was released.
3) Other than that, we have new lines coming out this month. It's a health line that contains 0 CBD. It's a brilliant pivot by the company to get things moving.
4)We are also really close to FDA Guidelines being set. It could be days or up to a week or two... who knows but the news says "Very Shortly" and progress was actually made.
5) Online sales are supposedly looking good as well but I want to see the ER on Thursday to validate that. The hopefulness of good news is also that the PR call for the ER review is during trading hours which is normally a good sign instead of an after trading hours call.
That's all I can think of right off the top of my head.
Take care
Recent CVSI News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 01:10:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 02:36:49 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 08:21:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2023 01:32:15 PM
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