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garriswh

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garriswh

Re: oystersnbeer post# 103423

Saturday, 09/14/2013 2:14:12 PM

Saturday, September 14, 2013 2:14:12 PM

Post# of 129054
from their most recent 10-Q:

"Any future financing may involve substantial dilution to
existing investors. We had been relying on our common stock to pay third parties for services which has resulted substantial dilution to existing investors."

They are selling shares and nothing more.

"For the three months ended March 31, 2013, the following related party stock-based compensation was recorded:

Dr. R Malemede CEO, CFO $ 331,564"

This guy is paying himself over $1.2 million a year while the company languishes. I'm sorry but something is not right with CBIS.
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