Cannabis Science Inc (fka CBIS)

[trader53]

How should this NEWS today be interpreted?

Is this good, or bad for shareholders?

"to effect a recapitalization of the Company
by establishing two classes of common stock, Class A and Class B

and to issue a dividend to holders of our current common stock so they received 1 share of the new Class A common stock and 1 non-transferable share purchase warrant for each 10 shares of the former Class B common stock that they previously owned as of the record date of December 31, 2010.

Each warrant will grant the holder to purchase an additional share of Class A common stock at a price of $1.00 per share. The warrant will be exercisable for 90 days from the date that the Class A common stock receives a trading symbol."