marklaring mmj
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Yes, my good man. Here is how.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95454311
Pertinent part of the message reposted here using generic company names
No. That is wrong.
It isn't illegal everywhere
U.S. Firm Approved to Tap Canadian MMJ Market
http://mmjbusinessdaily.com/u-s-firm-approved-to-tap-canadian-mmj-market/
Big Marijuana: Is It The Future?
http://www.forbes.com/sites/karstenstrauss/2013/12/30/big-marijuana-is-it-the-future/
They have no idea. I sold out of every other mmj play last week on the sector bounce except for FITX and tracking and regulatory compliance partner, EDXC. Putting it all in these 2 over the next few days. I suggest everyone do the same. I'm all for diversification, but not when we already know who the winners will be.
I'm liking that he is getting enough "numerous inquiries" that he felt it necessary to publicly address them. Looks like all these articles are gaining circulation and we have new investors lining up for next week. Wouldn't be surprised to see some news next week. FITX
Geo, I agree with what I believe you are describing.
Correct me if I am wrong, but assuming there are 261 trading days in a year,(365 days in a year - 104 weekend days = 261 trading days not accounting for holidays), you are basically breaking down the trading year as 257 days of trading based on anticipation and potential offset by 4 days of concrete numbers to bring the pps back in line with actual worth.
I believe that proves my point that people trade on potential. Even more so in OTCs where people do not numbers as give as much credence because they aren't expecting anything till later. FITX itself said it would be 3-6 months until production is underway. No one investing in this company is expecting any marijuana revenues yet. I'm invested now, for the numbers we will see 9 months from now. I'm buying up now because the grim reality of concrete numbers in 9 months will show this company is currently very undervalued considering their license with health canada and infrastructure to produce and distribute marijuana internationally with anticipated revenues.
I started buying in anticipation of those numbers back in September at .001. Why? Because I knew that others would make this connection also. Sitting here 500% up, and with media attention just about to go crazy (first day recreational sales in CO were over $1 million), I will continue buying at these levels because the co is still undervalued. So I agree that concrete numbers are what people invest for, but they do it based on the potential of what those numbers could be. And most invest for future numbers, not just the present quarter. Any way you slice it, the market is driven by potential and speculation.
That view is precarious at best. The market invests in potential. The game is finding something cheap with potential before others catch on and then selling it to them at a higher price. Potential is profits. All concrete numbers can show you is a snapshot of the company at this present time. Revenue projctions are potential numbers. If pps only reflected concrete numbers, then pps would only change 4 times a year. The quarterly would come out, the analysts would plug in the numbers for the last quarter and the companies actual worth would be calculated. But even then, savvy investors, realizing that everyone is a step behind, would use those numbers and the previous numbers to come up with a projection of where the company will be in the next 3 months. Basically, what you said is wrong and shows a fundamental misunderstanding of the activity we all engage in when we play with these tickers every M-F.
If you are waiting for the numbers to show you this company is legit, then you are late.
Yea, but when I say I don't think it will fill the gap, I mean .0038-.004. There were some lucky few who scored some nice shares in the .004s today.
Gapper Nellies. Can't live with them. Can't live without them. I have a good feeling about the sector for Monday. FITX to break .0065.
Can't argue with you there. I'd happily scoop up .0035s.
I've been adding the past two days at .0051 yesterday and .005 today. It doesn't look like it is filling the gap or going any lower. Next week when pps is above .008 and volume is just moving, everyone will consider these .005s cheapies. FITX
Yup. I saw that too. Looks like yesterdays candle could be the start of the move up. Gonna leave weak hands with weak stomachs when they check look back at the chart a week from now.
Nice Find. Eagerly awaiting hempcon now. I know THCfinder will represent well for Endexx.
Chart looks great. Haven't posted in the past few days but still holding--the mmj sector has been taking up the majority of my time this past week. The breakout from here is looking like it will be epic. TLNUF
You familiar with P/E? People invest for the future. If FITX expects to be doing at least $80,000,000 in profit annually within the next five years, then the company is worth a lot more than $175,000,000 (which is only two years of profits). As FITX grows and the market grows, their annual profits will rise substantially. That $175,000,000 figure you mentioned is going to be the minimum amount of profit they pull in annually. That should happen within the next 10 years (conservative estimate IMO).
I picked up another 350K at .0051. I'll just keep buying the dips, taking profits out of sellers hands. They'll regret giving me those .0051s soon enough. FITX
I just blazed a Bill. Bid at .0062. Ask at .0053, hasn't updated for the day yet IMO. FITX
I tend to think we might see some sort of update from EDXC in the near future. Now that the cat is out of the bag that they are in charge of tracking and compliance for the Cen Biotech grow facility, it wont be long before our cut is revealed. I'm thinking multi-millions. EDXC
Yes. When pps easily holds at a higher level while people are taking profits, (i.e. negative cash flow), that is definitely a bullish sign of things to come. 99% of the time pps retraces and closes red with that much profit taking after such a huge gap. When it doesn't, coupled with the news that was put out and general buzz about the sector, that is a very good sign.
I'm with you on everything except I'm not too sure about this:
But neither the preferred nor the common are protected from the destructive effects of dilution. Dilution lowers share price. The dividend the preferred shares receives does not increase to make up for the loss. While the guaranteed dividend makes the hard times more bearable, value is still lost for both types of shares.
Once a company becomes legit by getting on one of the big boards, (where FITX will soon find itself, especially with $100's millions in sales at 80% margins in the near future), it isn't called dilution anymore. It is called a stock offering. An offering. Funny how a name can make exactly the same actions seem like completely different things.
Holding a stock offering, or diluting as some like to call it, is one vehicle for companies to raise money. An IPO (Initial Public Offering) is the most common form that people are familiar with. Makes a crap ton of money for those holding shares before the date of the offering, especially if the company is in a hot sector (hmmm MMJ sector sound about right?). We are used to referring to it as dilution in the OTC's because most of these CEOs use that money to invest in exotic cars instead of the company. Any way you slice it, if you believe that company is not a scam and has the potential to succeed, exchanging shares for money is necessary for every company at certain points of their life cycle. Just saying ... FITX
You are correct that the way dividends are distributed is different. Realistically, dividends should only happen when the company has excess profit. This isn't usually realized until years after the company initially becomes profitable. As of now and for the foreseeable future, any excess profits should and will be invested into growing the company. Anyway you look at it, the fact that whoever loaned the $16 million may have received preferred shares is not a negative for us. If anything it is a positive because the added security provides an incentive to hold past the date when they become unrestricted.
http://www.investopedia.com/ask/answers/182.asp
The only significant differences between preferred and common shares are voting rights and the order in which the company pays its debts in case of bankruptcy. Preferred shares have more voting rights and get paid out before common shares in case of bankruptcy, but all shareholders are placed behind creditors. What is the significance of you pointing out that they received preferred shares as opposed to common shares?
It's what you implied. If not, then what does the following mean?
There is a big difference between the kind of shares required by a stock alert newsletter in exchange for pumping a company and the kind of shares "athletes, musicians, and big tobacco companies" require for loaning $16 million to a company. Trust me, whoever loaned that money did not do so with the impression that they would now have to watch L2 for the next few weeks to unload 1 billion shares. I bet the shares in exchange for the $16 loan can't/aren't going to be sold for at least 3-5 years. To compare an alert from some pump and dump newsletter to a $16 million loan from serious money is absurd. There is really nothing more to talk about. How many flawed arguments do you have in your bag of tricks lol?
Fully agree. Very rarely do you see a CEO from an OTC company actually use the money gained from diluting to invest back into the company and create so much value where before there was none. Bill is the man. You will get no arguments claiming the opposite from me. This is what dilution looks like when it is done by a real company and not a share selling scheme. Wait till that annual report everyone and prepare to be pleasantly surprised when you see the most current SS information.
It's not crazy to want to see an update ... and you will get it in the next filing, as is customary for every publicly traded company. To try and turn the fact that FITX follows industry custom, updating their SS with every quarterly filing, into a negative is crazy.
Sorry, you will have to explain your logic to me as well. Sept 30, 2013, is the date of the last quarterly filing. The next filing, the annual report, will be released in 2 weeks and will update SS and the like. Are you familiar with a lot of other companies that update otcmarkets on a daily basis? Is that what ceos do now? Call otc markets everyday to confirm that the SS hasn't changed? lol. what are you talking about? FITX
Maybe he doesn't, but what makes you so sure I don't? You doubted my evidence back in September when FITX was at .001 and I, (among a few others since I'm certainly not claiming to be the most in the know by any means), was saying huge news would be coming that would cement FITX as THE leader in the mmj sector. And as a matter of fact, I do have evidence that there has been and will be no dilution. Wait till the annual report in 2 weeks. It will confirm that the float is exactly the same as it was when last reported to OTCmarkets on September 30, 2013.
Fully agree. I check that article every few hours and watch the views go up and fb shares and tweets go up. This month is what we have been waiting the better part of this damn year for lol. Those sideline superstars are going to enter febraury very butt-hurt unless they grab a piece of the pie.
Fully agree. And none of them have used their "head start" effectively to create any new barriers or strengthen their own brand. IMO only two companies have used this time effectively to secure their position as legitimate companies in this sector. I was called a pumper for mentioning this company last week, but since then news came out confirming what I and a few others had been saying all along. FITX received their license from Health Canada and will be the first North American company to grow, distribute, import and export legal marijuana. Article came out earlier this week on Forbes and the pps has responded.
http://www.forbes.com/sites/karstenstrauss/2013/12/30/big-marijuana-is-it-the-future/
That's one way to look at it. Another is that that forbes article was only viewed by about 10,000 by the time trading was over on Tuesday. The majority of the volume on Tuesday was traders. Even with them flipping the shares that same day, the pps still held because the longs were holding and even the traders themselves did not want to sell shares under .005 because this will blast off to multipennies in a heartbeat and they know it better than most. Any other stock that gets that sort of volume of traders flipping closes red 100% of the time. We have all seen it before. RSI is just at 70, this is nowhere near the top of this wave up. FITX.
This is the Marijuana Play ..................FITX
http://www.forbes.com/sites/karstenstrauss/2013/12/30/big-marijuana-is-it-the-future/
Nice Post. FITX
You are going to have to do a lot more than DD to figure this one out based on your questions. None of them make any sense. Cen Biotech is a subsidiary of Creative Edge Nutrition, Inc. Cen Biotech is incorporated in Canada and its grow house is located in Canada. Why would you ever think the Justice Department has any jurisdiction over a Canadian Company located in Canada and doing business in Canada under contract and licensed by the Canadian Federal Government? If you think that the United States government has any regulations preventing Americans or American companies from investing in, or being affiliated with, foreign companies doing legal business in their home state then I am here to tell you that is not the case. In fact, nothing you mentioned or alluded to is the case.
Happy New Year to you and everyone else here. Did you ever pick up a position before the run started?
Technical Video Review passes muster.
1. Not paid for.
2. Just straight-forward, fairly basic Review.
3. The photo of waves crashing on a rock does not seem photoshopped.
Yea, this does look like it could run for days. Amazing volume and 5W is just getting started. Wonder what they have next in the pipeline? Holding all my shares til multi-pennies. FITX
Shows how much you know. Mark Bonacci is the name of the manatee that picks my stocks for me. It's quite simple really. One side of his tank has two baskets. One for idea balls filled with stock symbols and the other for idea balls filled with generic things to say about stocks. He just grabs a couple balls and brings them to the empty basket on the other side of the tank. If that's what you call a real analysts report then it seems as though your judgment is a tad off. So much for your precious Mark Bonacci.