CBD Life Sciences Inc (CBDL)

[46er]

Email response from Mr. Smith in regards to price action and float lately..... Hey Tony...thanks for your email. It is always good to hear from shareholders.


For the record...when I joined AUCI there was 817,834,722 shares issued fully diluted of which 753,264,222 were free-trading. That number has not changed. What has changed is some certificates have been deposited by shareholders of which I really can't do anything to stop but I do know that it is VERY difficult to get these certs in the system because of the price per share and the fact that it trades on the OTC Pink Limited Information. There are very few brokers that will clear this type of stock.


I am in the process of reviewing the shareholder list to see what we can do about cancelling some of the shares. Unfortunately it is not that easy - you can't arbitrarily start cancelling stock. You either have to get the shareholder to agree to return their shares to treasury or get a court order which is time consuming, expensive and you need a legitimate reason to cancel. What I have done is put a restriction on all stock owned by previous management.


I do think that there are games being played in our market. I spoke with a contact who works at VFIN and he basically said that professional traders are trading it...going short above $0.001 and then covering at $0.0008. The back prints are the accumulation of the short covers made during the day and they put them through in one trade to save the ticket charges. He figures the short position is in the 100's of million and that they are boxing it in to cover their position. He said over time they will cover and move on and that you have to continue to put out good news and move the company forward.


http://otcshortreport.com/index.php?index=ranf&action=view



Hope that helps.


Thanks again for your support and looking forward to better days ahead (price wise).