I hear you and of course research is expensive. But the reality is shareholders over time have invested $86,804,228 into CBIS over time and how has that investment done?
Total sales have dropped over 50% in the first 9 months of 2012 compared to the first 9 months of 2011. These sales numbers are literally microscopic given the invested capital.
2011 Revenues $73,302
2012 Revenues $33,568
2011 Net Losses $5,941,474
2012 Net Losses $14,126,117
When you consider that the company has lost $14,126,117 in just 9 months, this equates to a cash burn rate of $1,569,568 per month.
CBIS has been experiencing sharply lower sales, and skyrocketing net losses, and with losses now over $1,500,000 per month, I'll be interested to see how much patience investors can stomach.