Replies to post #94214 on Cannabis Science Inc (fka CBIS)

[sicofbs]

What research.... Where did that happen, at some pot fest... They already stated they are ready to " begin" research.....one of the appointments already moved over to the phytiva company......that position is a full time job.... It is all about figuring out dabney's manipulation.....how many millions did he drag out of cbis for no results ....how's that pot college all the pumped were peeing their pants over .... How many shares were dumped that day

[retiredanalyst]

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.