Replies to post #4366 on GB Sciences Inc (GBLX)

[surfgreen]

Glad I didn’t buy. A/S increases are rarely good for shareholders usually signify dilution is coming to raise capital.
BTW that’s an insanely high amount of shares to pay a lawyer.

[Shaark]

'gblxwhale' I have been a Gb holder for about a year & was gratified to see the PPS elevated to be consistent with the actual enterprise, however, #'s DO matter & this increase in shares for a Co. that is operating in the red, is both highly toxic & will definitely have an equal negative impact on the other side of the ledger{ie. the PPS}. I agree with you that the # of shares increase is not favorable & represents a 37.5% increase of the new total, furthermore, I hope that management does not become "addicted" to this type of easy finance to solve their shortfalls. I may sell until greater clarity can be had from this boondoggle of a move. GLTA

[gblxwhale]

Talked to Network 1 today. They said for the shares are needed if and when they start making some acquisitions which leads me to believe that they are looking/thinking about something. They said it takes months to get these shares and that the field is moving so fast that they don't want to be stuck not ready if an acquisition target comes available. They also said for everyone $8 mil they spend on an acquisition its work $100mil in revenue. I'm not sure about that but just relaying what they said. I argued with them about it still being excessive (400mil shares) but was shut down immediately.

Net 1 is preaching that this is a $10-$30 stock. I said bullshit and that maybe in like 10 years after all the trials for their patented treatments. They referred to GW Pharmaceuticals that went up 25 points when they announced a pilot study involving cannabis. I'm hoping that GBLX announces a pilot study in 1st quarter, but who knows.

Network 1 also mentioned that the bill to reschedule Cannabis is being voted on in spring.

Imagine the bill gets passed and then GBLX announces a pilot study or vise versa. This thing would definitely take off.

Also, the Chicago attorney was not issued those shares, he bought all in the open market.

It would appear that 2018 is going to be a significant year the company and the industry.

GLTA