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That will obviously change when this deal is done as with the other updates that seem to say the same thing.
Anyone know about this
-- Primarq- The Company is awaiting specific due-diligence information from
Primarq. It has come to our attention that management of Primarq has been
sending out conflicting and disparaging messages via social media about
Fortitude. We are not at liberty to discuss the progress of the proposed
acquisition of Primarq, as we our bound by a tri-party non-disclosure
agreement.
This stock was downgraded 4 times in the past week and now bad earnings and forecast, wow. I shorted this AH hope I don't get killed tomorrow.
10Q please!
NEWS April 8, 2014
*****HOT****HOT*****HOT*****
Fortitude Group, Inc. Receives Initial VaporVites Order
ERIE, PA--(Marketwired - Apr 8, 2014) - Fortitude Group, Inc. (OTC: FRTD) receives an initial order of 5,000 VaporVites.
The initial 5,000 unit order was received from a Colorado dispensary with 4 stores. Fortitude's cost to manufacture each VaporVites unit is $29.00. The wholesale cost to the dispensary is $89 or a profit per unit of $60.00 representing $300,000.00 profit for this initial order. Under the terms of the agreement, the dispensary paid a 25% deposit for the initial order with the balance to be paid upon product delivery. The estimated delivery time to the dispensary is April 20, 2014. The dispensary has an option to purchase an additional 25,000 units within the next 3 months at a 10% discounted wholesale price or $80.10 per unit.
Thomas J. Parilla, CEO of Fortitude, stated, "We are pleased to begin selling the VaporVites product while reflecting this product revenue on our income statement. The distribution of the VaporVites e-cig product line has immediately produced revenue for the company at minimal hard cost or capital outlay. Our goal is to wholesale a minimum of 250,000 VaporVites units in the remainder of 2014. Based on our preliminary case test study, we are confident that we will achieve, if not exceed, this goal. At our $60.00 wholesale profit per unit, we should derive roughly $15 million in 2014 from the VaporVites initiative or an additional $.0187 per share."
n further corporate development, the company has begun its previously announced share buyback of restricted common shares from Fortitude shareholders who requested information from http://www.FRTDbuyback.com. The company intends to retire to treasury approximately 180 million restricted shares this coming quarter.
The company also announces that the formation of its new Fortitude subsidiary will be completed on April 10, 2014. This new company will market the "MariMist" product to its existing distribution channel.
The company would also like to inform the investment public that it intends to hold an investor conference call the last week of April 2014. The purpose for this call is to update the public on the progress of its stored value card initiative, new product offerings and new revenue recognition for 2014.
The company is continuing to expand its high revenue/low cost product initiatives and will announce them to the public as they are ready to go to market.
Management for the company has confirmed that no new shares have come off restriction since the company's last filing and no notes or convertible debentures have been issued by the company.
Wrong. Each person will get a portion of the shares of the new company depending on how many shares you own of FRTD. For instance if you own 5 million shares of FRTD you will get 40,500 shares of the acquiring company which would be trading substantially higher.
He said the deal is closing no matter what the price is the only issue.
Most likely filed tomorrow based on past filings.
I said that 2 years ago after the June conference call. I am still a believer just not in Kim's timelines.
Trying to Follow the math for Sales
50 Mil backlog at 12/31
-32 Mil during Q4 equals
18 Mil
20.2 Mil at the end of 3rd Qtr
That leaves 2 mil in sales for the 4th Qtr
What am I missing, or is the company using shady math. You can do it using units coming into 2013 as well.
With Revenues starting to come in there should be less dilution in the future.
CJ they released two pieces of big news and we are over 60% down
Elray Resources, Inc. (Triangle of Trust)
Same building as Southstreet Media(Melissa Diaz) and who is a contributor to Wall Street Newscast. Thats right Melissa Diaz. Does anyone see what is going on here. Talk about insider information.
Wall Street Newscast
19 Fulton Street, #408
New York, NY 10038
Email: info@wallstreetnewscast.com
------------
Editorial Contributors
Tom Bustamante
John Bodger
(Melissa Diaz)
Alexandra Langheinrich
Feedback Forms
arrow.gif (55 bytes) Register as an Accredited Investor
arrow.gif (55 bytes) Public companies seeking financing
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Over 79 Mil shares on the line.
If the price stays where it is now the conversion would dilute the company by 70%. Better get some money rolling in here.
I am in this for the long term but I can not stand that emails and phone calls are not returned and she tweets out info to keep us interested. I am down alot of money right now so I have no choice but to have patience.
ELRA needs new PR Firm
The garbage coming from Melissa Diaz is a disgrace. Her time lines are totally off just trying to pump this stock. I understand getting quality PR is expensive but come on management.
8-K must be filed today?
Anyone no if that is true?
Here it is
Could be ELRA
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Not only does the product have fans from Hollywood celebrities and sports superstars, but it's available in some of the Biggest Global Retailers in the world!
Until recently, this company has flown under the radar - but now appears to be forming a strong Bullish Trend - yet it's still trades well below 15 CENTS with a potential LOW FLOAT!
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Epicstockpicks.com
That's because they are still testing.
Melissa Diaz from SSM is a contributor to that sight. The information was intentionally placed there for a reason. Now you have to login, sounds like she has been getting a lot of calls. Legal action being taken to protect her stupidity. I would not be surprised if her named was removed from the contributors.
This tells me Melissa Diaz did something and now they are trying to cover the *ss.
Could someone forward me that email from Brian
maximussargento@yahoo.com
You see Melissa Diaz is a contributor so they got the information from her. She is not returning calls.
Left a message on Melissa's voicemail last Wed still no response and have tried to call on four other occasions.
Sent email to CEO and SSM and no reply.
Put a call into the company a week ago, no response.
Check out CNBC right now about Bitcoin future
Right to many zero on the calc
1000 R/S that puts the price at .80 which means 160,000,000 shares.
If the company was doing really well 650,000 in debt is not a lot to payoff.
2.5 Bil after the conversion of debt.
Here it is but it could be nothing.
http://us-mg5.mail.yahoo.com/neo/launch?.rand=cp7qcnlupapnh
It is from Epic Stock picks but I do not know if it is about FARE. It was a text so I can't post but look it up maybe on their website.
Received stock alert for tomorrow, I wonder if there will be a PR in the morning?
800,000 on the sell side up to .12
The first deal worth $700,000+. I think every Monday we will hear something. The company has reached a stage where they will consistently have to keep up updated which means PPS will continue higher.
You as a shareholder have been screwed. I was a long defender of Ronnie and I explained previously if he did a reverse I would not support him any longer.
The company already diluted the shareholders over 1 billion this year. At these levels there will be another billion so that is 2.4 billion. If the company is doing great 500,000 is not a lot of money to payback. All company's have debt. The company is supposed to better next year so it could easily be paid. What do you think is going to happen when he does the split. Sell more shares. Bad deal especially when you are already down 80%. No way to recoup losses.
Ronnie shows no regard for shareholders.