Replies to post #492 on cbdMD Inc (YCBD)

[Wolf-man jack]

WQLF SAYS: Back To The Future

“ As a result of the reverse stock split, every forty-five pre-split shares of common stock outstanding will automatically combine into one new share of common stock without any action on the part of holders, and the number of issued and outstanding common shares will be reduced from approximately 65.5 million shares to approximately 1.45 million shares.”

https://finance.yahoo.com/news/cbdmd-inc-announces-one-forty-200500236.html

“ The shares will be convertible into cbdMD’s common stock at a conversion price of $6.00/share.

https://seekingalpha.com/news/3505208-cbdmd-prices-5m-convertible-preferred-stock-offering

[Wolf-man jack]

WQLF ANALYSIS ;

The price of the preferred shares prior to the 1 for 3 conversion on August 2, 2023. The bottom number being Volume. The price went down drastically. From around $3.00 to around $1.00 per share. If you get 3 shares at $2.00 it comes to $6.00 per share. That is the conversion amount listed for a conversion. When the company later offered 1 for 6 conversion, the price per share was around $1.00 giving a $6.00 per share conversion. The dividends would not be paid according to the company’s agreement. That vote was never consummated according to the company because it did not have enough votes. The present day price of the preferred shares is around $.90. There were shares purchased on Wednesday before trading at $1.12. If the preferred shares continue to rise the company will most likely have an offering to convert at a 1-3, at $2.00, a 1-4 at $1.50 and 1-6 at $1.00. If the preferred price reaches $3.00 then a 1-2 is probable in my opinion.

Aug 25, 2023 1.1500 1.2900 1.1000 1.2500 1.2500 69,477

Aug 24, 2023 1.4800 1.4800 1.0600 1.2900 1.2900 161,520

Aug 23, 2023 1.7800 1.7800 1.3100 1.5900 1.5900 74,984

Aug 22, 2023 2.1900 2.1900 1.3300 1.7000 1.7000 184,691

Aug 21, 2023 3.0700 3.0700 2.4900 2.6900 2.6900 55,428

Aug 18, 2023 2.9500 2.9500 2.8700 2.9500 2.9500 5,278

Aug 17, 2023 2.8900 2.9500 2.8800 2.9100 2.9100 8,014

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