Cannabiz Mobile Inc. (LGBI)

[Seanac28]

After receiving PR releases in June ’07 that this company was the next greatest medical device invention company and buying this stock at $1.30, I got slammed by the original short sellers and then made the mistake of buying more at $0.05 seeing a press release where the CEO said there were two new products in development and we would probably never have another chance to buy the stock at this low…HA! Now I sit here and wait for news and the stock to go up and I have to wonder if this CEO and this company is just selling SNAKE-OIL and if it is just a CHAMELEON, changing it’s claims and websites whenever it is challenged by the FDA in Adverse Action Letters, (that I-Man told us about on this blog) or by customer claims.

Since there hasn’t been any news, I just decided to Google the company and its MAIN PRODUCT – THE REBUILDER. I want to know answers to many questions that came up in all of the posts and google searches I found and I think all of us shareholders deserve truthful and timely answers and press release information, we should be the ones that management is concerned about.

Here is what I found and here are the questions that I think the CEO should answer for all of us shareholders:

The Company “claim” above on this investor blog says that the company has never has “no complaints registered against the Rebuilder or ReBuilder Medical Inc.” and they say to click on a link to that FDA site that doesn’t work to check. WRONG, the FDA site (M.A.U.D.E.) that registers FDA “Adverse” reports from customers has 4! It doesn’t matter to me if this is not a “complaint” it is still the filing of an adverse claim by a customer and the July 16 FDA WARNING LETTER that apostle131 posted and shows in his blog back here on November 21. Here is the link to the FDA m.a.u.d.e site for Adverse reports for those of us interested, http://www.accessdata.fda.gov/scripts/cdrh/cfdocs/cfMAUDE/search.CFM and then type in ReBuilder in the manufacturer slot and also type in the dates from 01/01/1996 to 01/01/2009 and hit search, then hit on any one of the 4 that come up in that search. And two of those were in 2005, 2006 and 2008 so they were there before this blog and the company information ever appeared, so they knew about them.
Why would a “real” medical device company make such false statements?

The company website and this investor blog says that the CEO is a Ph.D….of what? He may be an inventor, but I found two blogs that say they question his science and educational background claims. I think he should tell all of us shareholders what field his Ph.D is in, what accredited higher education institution issued his Ph.D and what year it was issued??? Why does this matter? =2 0Because one of the blogs that questions his company claims and scientific findings for his products, comes from an academic clinical neurologist at Yale University of Medicine by the name of Dr. Steven Novella, MD…a real neurologist and doctor. Is the CEO of ReBuilder a real doctor, engineer or even Ph.D? Here is the link for Dr. Steven Novella blog http://www.theness.com/neurologicablog/?p=215 If its all snake-oil, then how are we going to get a higher stock price or even see his company sold to another medical device company, they wont buy snake-oil products. The other blog I found was from an engineer that had been asked to review the ReBuilder and company, his blog site showed this http://www.dansdata.com/danletters189b.htm and scroll down to his heading Quack of the Day.

Since the CEO answered some questions in this blog in November 24, he said that he was worried about short-sellers. I got punished by short sellers a long time ago and he shouldn’t worry about that now with a stock price of less than $0.02! Who’s going to lose money selling at that price anyway! That made me think I wonder who owns this stock anyway, so I went onto Pink Sheets and found his original filing when he did a Reverse-Merger to sell stock in the markets…that should have been my first clue…reverse mergers are usually good for the owner and bad for the stock buyers. But here is what I found…and you can see this too on Pink Sheets when checking his stock symbol RBRM and then looking in the Filings tab area on page two for the initial company filing. The company says on this investor blog and in this report that it is a medical device “manufacturer” and in their initial filing it says that the Business of Issuer is to “develop and manufacture…”. And this report says that this company “licenses its technology” from another two companys called ReBuilder R&D Limited Partnership and their molluscum products from Whitehall, Inc. SO, I think the company we own stock in is just a MARKETING COMPANY for some medical device s and products, not the owner or manufacturer of the products or technology (but the initial filing says the company leases 8000 sq ft of an office and “manufacturing” facility). THAT SCARES ME. Who wants to own stock of a marketing company when they thought they were buying stock in the next greatest medical device invention !

THEN, further down in the Pink Sheets company initial filing, it says that there are 200,000,000 shares and that 16,000,000 shares were floated in the market. It also says that the “issuer” initially sold 16,000,000 shares at $0.03125 for a total of $500,000 to some company called MJSC Enterprises, LLC. So the owner made money from the start. Then, if you read down further, it says that another company “Whitehall Inc.” owns 150,000,000 shares and that both the CEO and his wife own-by-the entireties 100% of this company and their relatives own another 14,000,000 shares of OUR company. So of the total 200,000,000 shares, he and his relatives own 164,00 0,000 shares and another company that he knows and sold stock to, owns 16,000,000 shares for a total of 180,000,000 shares. I would say he knows where the most of the shares are and who owns them, so don’t give us crap about “ferreting” out the short sellers. And he can sell his shares on March 23, 2009 without any restrictions. So, he wont be too worried about us, the real people who “bought” shares and hope to see the company do well and have our stock appreciate with a real, true medical device company!

Here’s your chance Mr. CEO to make all of us shareholders and owners believe in you and OUR company and maybe even buy some more stock or tell our friends to. PLEASE answer our questions.

Is ReBuilder a marketing company or a real manufacturing medical device company and does the ReBuilder Medical Technologies, Inc. OWN any of these inve ntions, devices or products? (or whoever the company is that we bought and now own stock in and in the initial filing it also says control of the issuer transferred to stockholders of the acquired/merged operating company ReBuilder Medical Inc. of WV?)

Are you a Ph.D and if so, from what accredited university and what year? and are you a Doctor or Scientist and does this "medical device" company have any employees that are scientists or engineers?

Why would we want to buy more when YOU own almost all of the stock, NOT the company and if the company doesn’t own this stock as treasury stock, we’ll never be able to increase the liquidity of the stock to be able to sell or buy any, even if we want to?

What products or devices are “in research and development” if OUR company doesn’t even own the technology, devices or products?

If you don’t answer these questions, I guess we can just believe that you are not worried about us, the shareholders or that you cant truthfully answer any of the questions; and don’t give us this crap about not reading our blogs, any responsible CEO should be monitoring and responding to their investors, we know you look at this blog.

We're tired of waiting and want valid, good news and claims of products.