One reason for drop in price this week. Here’s why the stock went down this week. Andrea Klein, whom along with her husband ran Sun Valley Clinics sold around 2 million shares on Monday when CBDT peaked. Sun Valley was acquired by Empower last year, and the couple were bought out, receiving millions of shares in CBDT instead. Steve posted yesterday that this matter of Klein selling is now ”being adressed”, which has also allegedly resulted in Sun Valley being removed from Empower Clinics website.
All in all, it was simply an insider cashing out which dropped the stock. The intrinsic value of the company has NOT changed of course, this is simply an act of greed, or someone wanting to buy a new house while not caring about CBDTs investors.
CBDT is still a 2+ dollar stock. The only difference is that now we have to hold strong and push it back up. Are we really going to let one insider decide the success of this stock? This is an amazing company with a terrific and experienced CEO and has unlimited growth potential. Stay strong, and GLTA. 1.8 next week.