Replies to post #33978 on Cannabis Science Inc (fka CBIS)

[southflatrader1]

Saying the truth about CBIS being on debt is not bashing..imo..LOL...you guys have a great weekend..Talk to you Tuesday..

[modrica]

Total current liabilities and total liabilities were 2,108,478 as of September , 30 2011

im sorry i did not know that debt is not considered and included in total liabilities

i thought that total liabilities were sum of all monetary obligations of a business and all claims creditors have on its assets.long term debt included

so i dont know where are you guys finding that debt ( and that means total liabilities would be too) is higher than 65 millions $

i want you guys to provide paragraph or sentence that says debt is higher than 65 millions $

otherwise that kind of bashing has no credibility

good luck

modrica

[QTRADERQ]

Just a fyi...NOL stands for net operating loss, not normal operational loss. It can be carried forward indefinitely and if CBIS were acquired...the acquiring company could utilize CBIS $64 mil NOL to reduce its taxable income in current and future years.