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10/27/19 8:31 PM

#21233 RE: Penny Masters #21227

Funny what checking the financials with DD can reveal.

Sure, CBD MD revenue for nine months ending June 2019 is $19 million. But the latest quarterly reveals things worse than anything you can find with Canbiola.

Here it's stated:

Contingent liability = $70,600,000
(that is not $70 thousand. It's $70 MILLION!!!)

"A contingent liability is a liability or a potential loss that may occur in the future depending on the outcome of a specific event. Potential lawsuits, product warranties, and pending investigation are some examples of contingent liability"

Canbiola certainly does not have a huge red flag hanging over them like CBD MD does.

Canb's total liabilities? A mere $292,000

Operating Expenses for CBD MD including compensation is $18,000,000!

And guess what, just like Canb, CBDMd's stock price also dropped like a rock. Two weeks ago, they bottomed out at $3.13 after hitting $7.24 at the end of April. That is a loss of 60%, and not far off Canb or CVSI's drop.