"Everybody just assumes that the SEC will do something if it's a scam or if something illegal is going on. But anybody that has been around penny stocks for even a little bit of time knows that most of the pink sheet tickers are scams and lots of illegal stuff happens on the OTC markets with no consequences. The SEC is just way too under staffed and over worked to act against every thing illegal going on in the penny stock market.
Since CBIS isn't even an SEC reporting company, the SEC has that much less reason to ever pay attention to CBIS. The only way the SEC ever takes notice of CBIS is if they receive a ton of complaints from the shareholders and just so happen to have somebody available to assign to look into the alleged illegal activity. "
Member "nodummy" posted that about another stock and I changed the ticker to CBIS because it's a similar scam, with similar "but the SEC did't stop it, so it must be legit" illogical defenses.
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