I tend to agree, but I wouldn't sell them just yet. I think your off base about the difference between a press release and an actual 14C filing with the SEC.
They don't have to PR squat. They filed the preliminary document already, now we're just waiting for the definitive one. When that will be?? I wouldn't want to be trying to buy back in on that day though, it might get expensive.
You might get left out with the "wash"(sale rule).
Read the 09/10 SEC filings for CBIS, all of them, then give your opinion.....