Replies to post #2061 on CV Sciences Inc (CVSI)

[Det_Robert_Thorne]

Dude. I wrote that article.

Nobody's asked about it recently, but Rolling O Research is my contributor's name on SA.

I probably should have written a follow-up once the 33 Million outstanding shares became public, but was waiting to see if and when CANV would begin selling the next 10M shares at $1.50 (this second sale was mentioned in a Forbes article).

Now, however, as CannaVest has fallen to about $7, I'm beginning to think that it might be a good idea to cover the shares coming off restriction, along with the $0.80 per share deal for the KannaLife investment.

FWIW, I called the transfer agent yesterday, and while they can't legally tell me how many shares have come off of restricted status, they did tell me that the number of Outstanding Shares is 33,666,666, which is an apparent increase of about 52,000 shares from the 35,614,166 reported in the recent DEF 14A.

Not a huge amount, but I wonder if its a new accredited investor, or perhaps shares given to insiders/directors as compensation. If we don't see any filings soon, I'll assume it's an AI.

[kthanks24]

Why don't you read that article again and then checkout the cap? Pretty sure that same writer would be saying the price is too high right now, btw vndm is still selling shares every day, until he's gone, this puppy goes down.