Replies to post #113646 on Cannabis Science Inc (fka CBIS)

[Stowe]

incorrect.
The Company intends to seek the approval to issue a dividend of one share of Class A common stock for each one hundred shares owned by shareholders of record as of October 9, 2015. Both dividends will also carry a warrant that will give each shareholder of record a share purchase warrant consisting of an option to purchase one additional share of Class A common stock for each special dividend share received. Each warrant will be exercisable into one share of Class A stock at a price of $1.00 per share for a period of three months after all the proposed changes officially take effect. The Company also plans to apply for a unique and separate trading symbol for its shares of Class A common stock. - See more at: http://tomorrowsbluechips.com/cannabis-science-to-issue-dividend-payouts-for-previous-and-current-shareholders-a-15-25-million-capital-raise-for-fda-and-other-clinical-drug-development-programs-as-well-as-a-proposed-nasdaq-up-li/#sthash.huhp8Vfk.dpuf

[newmedman]

actually the press release states that they are adding today's shareholders at one for a hundred.

the rest of us are in at one for ten.

of course they didn't file a preliminary 14C yet, but it's coming I guess.

an 8K would have been spiffy too, but these guys can't even file the 10 on time so what's the rush?