Replies to post #115176 on Cannabis Science Inc (fka CBIS)

[Palo]

(1)To issue a new dividend to holders of our current common stock so they received 1 share of Class A common stock and 1 non-transferable share purchase warrant for each 100 shares of our current class of common stock that they previously owned as of the record date, October 9, 2015. Each warrant will grant the holder to purchase an additional share of Class A common stock at a price of $1.00 per share. The warrant will be exercisable for 90 days from the date that the Class A common stock receives a trading symbol (the “New Dividend”).




(2)

To issue the previously announced and approved dividend that will issue 1 share of Class A common stock and 1 non-transferable share purchase warrant for each 10 shares of the Company’s current common stock that they previously owned as of the record date of December 31, 2010. Each warrant will grant the holder to purchase an additional share of Class A common stock at a price of $1.00 per share. The warrant will be exercisable for 90 days from the date that the Class A common stock receives a trading symbol (the “Previous Dividend”).




(3)

To amend the Company’s Articles of Incorporation to increase the number of authorized shares of common stock we may issue from 1,500,000,000 to 3,000,000,000 (the “Share Increase”).

[sundoctor]

when we get the divy?

[NickDz]

I don't know how long you've been watching this one; I apologize if you mentioned earlier or not. But this isn't the first time cbis has offered a dividend and it wouldn't be a shock to see nothing come of this one.