Cannabis Science Inc (fka CBIS)

[Art Vandeley]

What a sweet deal to whomever "loaned" them the money.

Adding insult to injury for shareholders is how the company further uses monopoly money. In the three months ended 9/30/12, they issued stock at prices well below the fair market price to settle debts. While the public is buying stock on the open market at much higher prices, the company is handing out stock valued at 1/10th of a penny:

On July 20, 2012, the Company issued 30,000,000 common shares for settlement of $30,000 of stockholder debt, for a loss on settlement of $1,530,000, assigned from the stockholder notes payable originating on August 4, 2011, September 26, 2011 and September 30, 2011.