CV Sciences Inc (CVSI)

[GE_Jim]

Well, first you are absolutely right on the 600 million dilution. It was put in to be used and to help the company.
“Proposal 2: To approve an amendment to our Charter to increase the number of shares of capital stock authorized for issuance thereunder from 200,000,000 shares to 800,000,000 shares, and the number of shares of Common Stock authorized for issuance thereunder from 190,000,000 shares to 790,000,000 shares.”
Then they bought in those preferred shares to control the vote and there we have it.
IMO that is where they decided to go against the shareholders and have taken a very dim view ever since.
However, this new dilution process of 34 million shares plus 4 percent more year after year for 10 years is only for the management, doesn’t help the company at all. Now that doesn’t mean they won’t dilute past that listed and help the company as well, nor does it mean they won’t increase the dilution to something well beyond the 800 million.
So, to your point, you are correct. However, I don’t think anybody thought, or even dreamed they would pull this action to benefit only management, not the company, when they pasted that 600 million {IMO RIGGED VOTE].
I never saw this coming, too much gall for my thought process to work with, I guess. IMO