http://www.efs.cpf.state.ma.us/default.aspx

It’s funny how Stevie keeps having these “issues”, after all he’s got his CA Med card now and you’d think he would be able to figure out how not to *Keep Borrowing Money* but…

This same story will be repeated within the next few years, I’d bet on it.

http://marijuananews.com/blog/general-news/someone-is-lying-kubby-fired-by-cannabis-science-accuses-melamede-and-cowan-of-theft-etc-are-you-a-thief-if-you-don%E2%80%99t-agree-with-me/

The Mass. version of the ethics commission/reporting agency that handles political PACs and other things, etc. is what I meant to say…

Thanks.

You write:

“Perhaps libertarians should avoid corporate fund raising schemes for their business ideas.”

My visceral reaction to that is a-friggin’-men.

On the other hand, the choice Kubby faced appears to have been between entering into “corporate fund raising schemes” on one hand, or letting an idea with big possibilities go undeveloped.

Those “big possibilities” go way beyond big profits for Kubby. They include lives saved, quality of lives improved, etc.

I helped write the initial business plan, and am still excited by the prospects. * It’s sad to see an important product trapped in this kind of corporate dispute hell.

I’m investigating the allegations in CSI’s latest 8-K filing. I expect slow going, but frankly allegations (a) and (b) already appear to be 100% pure grade-A bullshit.

To put it in simple terms:

- Kubby was promised 6.5 million shares of Gulf Onshore as payment for that company’s purchase of Cannex’s assets on March 30th.

- On April 6th, Kubby took out two loans for $5,000 each — one from Dr. Ruwart and Mr. Carr, the other from an individual whom I will not name, since CSI hasn’t. The loan agreement included a restricted (no resale for six months, etc.) OPTION for the lenders to take full or partial repayment in the form of Kubby’s Gulf shares at 20 cents each (the entire principal of the two loans combined would therefore have come to 50,000 shares).

Later in April, Gulf Onshore changed its name to Cannabis Science, Inc.

I don’t see any “there” there on those allegations. My guess is that they were trumped up into “bad things” in a hurry so that CSI could respond to Kubby’s allegations with allegations of its own instead of having to actually defend its own conduct.

Regards,
Tom Knapp

* Appropriate disclosures:

I am not, nor have I ever been, an employee of, or investor in, Cannex, Gulf Onshore or CSI. I did some writing work on the initial business plan as a contractor, and asked that my compensation (low triple digits) be deferred until it would constitute a minor expense instead of paid at a time when the company was grubbing hard for money to get things done.

I consider certain past or present Cannex/CSI principals — Steve Kubby, Dr. Ruwart, Ray Carr and R. Lee Wrights — long-time friends, and have had renumerative business relationships with them in the past (I worked for pay on the Kubby and Ruwart presidential campaigns, and Lee and I are long-time partners in Rational Review).

Obviously, these disclosures should bear on any evaluation of my objectivity.

Cloud and Howell only have a professional relationship anymore. As far as I could see working on those initiatives the money was spent frugally.

George Phillies

I understand statewide petition campaigns are expensive, but I received no less than two or three emails saying “we’re broke!”

Reading the FEC filings will give those an indication of why!

Really, it’s no surprise anymore, it really isn’t…

http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001024626&owner=include&count=40