Cannabis Science Inc (fka CBIS)

[DouglasJH]

.07 may be the bottom on this, based upon the following statements in the 10-Q filing of May 21, 2010.

On November 6, 2009, the Company entered into debt settlement agreements with several parties as follows:
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Chipmunk Enterprises, LLC to settle $66,000 in debt for 660,000 shares of common stock at a deemed price of $0.10.
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South Beach Live, Inc. to settle $70,000 in debt for 1,000,000 shares of common stock at a deemed price of $0.07.
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South Beach Live, Inc. to settle $12,000 in debt for 120,000 shares of common stock at a deemed price of $0.10.
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CMF Investments Inc. to settle $70,000 in debt for 1,000,000 shares of common stock at a deemed price of $0.07.

In addition, many other sales of equity securities were registered at the .10 mark as follows:

On May 13, 2010, the Company issued 25,650,000 restricted common shares at $0.10 per share to several individuals for services rendered.

On May 15, 2010, the Company issued 4,600,000 common shares for settlement of debt of $46,000.

On May 19, 2010, the Company issued 1,500,000 common shares for settlement of $15,000 of shareholder debt assigned from the shareholder note payable owing at December 31, 2009.

When the S-8 sales are completed look for this stock to climb fast...especially on good news.

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