Replies to post #18084 on New Colombia Resources Inc fka NEWC

[bogblog]

loooool CBIS is one of the most overvalued pos pink sheets on the market

[bogblog]

To your point 7- Obviously newc stands to gain by US states legalizing mmj. The more places it is legal, the larger their market, and the more revenues they can produce.

[flemdog33]

CBIS if you just look at their last quarterly will find it littered with massive debt and according to that quarterly is in default on a $1M+ note and has tons more on the books.
NEWC has about 340M O/S and CBIS has about 2B O/S at least.
NEWC has a second massive business with coal with owned lands. CBIS made $2800 in 3 months for revenues and solely dependent on just MJ for revenues.
CBIS might be a decent short term play but I personally see a debt ridden company with little revenue being propped up on hype that when the dust settles and people start actually looking into the company will start to realize it's a scary company. All IMO.