{"id":4346,"date":"2014-04-10T11:15:32","date_gmt":"2014-04-10T11:15:32","guid":{"rendered":"\/?p=4346"},"modified":"2014-04-10T11:15:38","modified_gmt":"2014-04-10T11:15:38","slug":"cannabis-science-inc-otcmktscbis-bounces-back-up","status":"publish","type":"post","link":"\/articles\/cannabis-science-inc-otcmktscbis-bounces-back-up\/","title":{"rendered":"Cannabis Science, Inc. (OTCMKTS:CBIS) Bounces Back Up"},"content":{"rendered":"\n<p style=\"margin-bottom: 0in;\"><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/1CBIS.png\" border=\"0\" width=\"400\" height=\"178\" \/>Cannabis Science, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CBIS\">CBIS<\/a>) made a 17.63% leap yesterday, despite the negative media attention thrown its way by a popular online journal.<\/p>\n<p style=\"margin-bottom: 0in;\">The company managed to jump all the way to $0.1381 on a $2 million volume, despite being mercilessly criticized by TheStreet. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CBIS\">CBIS<\/a> was characterized as an &ldquo;overvalued financial train-wreck&rdquo;. Despite the mean-spirited undertone of the commentary, this may indeed be the case when it comes to <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CBIS\">CBIS<\/a>.<\/p>\n<p style=\"margin-bottom: 0in;\">This particular company has disappointed its supporters on multiple occasions. The ticker&#8217;s history of drops that cut the company&#8217;s stock short whenever it gathers upward momentum is indicative of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CBIS\">CBIS<\/a> precarious hold on the market. But how can a ticker be stable, when the company shows such meager financials: <\/p>\n<ul>\n<li>cash &#8211; $462 NUMBER NOT IN THOUSANDS<\/li>\n<li>total assets &#8211; $585 thousand<\/li>\n<li>total liabilities &#8211; $3.5 million<\/li>\n<li>revenue &#8211; $70 thousand<\/li>\n<li>net loss &#8211; $1.1 million<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CBIS\">CBIS<\/a> enthusiasts may argue that the figures given above are outdated, because they depicted <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CBIS\">CBIS<\/a>&#8216;s financial state 6 months ago &ndash; well before the marijuana fever gripped the market. However, anyone who has done due diligence on <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CBIS\">CBIS<\/a> knows that the company hasn&#8217;t had a filing since then &ndash; the 10-K covering 2013 was supposed to be filed 10 days ago, but was delayed. This is common practice among the more dubious marijuana stocks these days, and can be taken as a red flag. The reason for the delay remains unspecified, but postponing the filing has given the ticker time to bounce back on a sector-wide surge that followed the most recent mass-crash of the marijuana branch.<\/p>\n<p style=\"margin-bottom: 0in;\">As it is now, it&#8217;s safe to say that investors that are rashly committing to <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CBIS\">CBIS<\/a> stock are gambling blindly on hype and hope. The company has spouted numerous optimistic press releases to bolster its market positions, but those are hardly a reliable source of information on its activities. Until its commercial success is documented through an official filing, there&#8217;s no real way to tell if <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CBIS\">CBIS<\/a> is advancing or not. The 10-K should be available in no more than 4 days, and is expected to be a turning point for <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CBIS\">CBIS<\/a>. If it is as unimpressive as the last one, the ticker may be looking at a rough ride down to the bottom of the charts.<\/p>\n<p style=\"margin-bottom: 0in;\"><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/968CBIS_logo.jpg\" border=\"0\" width=\"130\" height=\"31\" \/>Ultimately, it is up to the investor to decide if it is worth gambling on high risk stocks. However, investors should always be wary of companies with ridiculously overblown market caps &ndash; such as Growlife Inc. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PHOT\">PHOT<\/a>) and Tranzbyte Corp. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ERBB\">ERBB<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cannabis Science, Inc. (OTCMKTS:CBIS) made a 17.63% leap yesterday, despite the negative media attention thrown its way by a popular online journal. The company managed to jump all the way to $0.1381 on a&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[229,173,21],"class_list":["post-4346","post","type-post","status-publish","format-standard","hentry","category-news","tag-cbis","tag-erbb","tag-phot"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=4346"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4346\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}