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What part?......I'm in Cleveland suburbs. FINALLY!!! Warm weather!!!
I'm from Ohio and we are on the ballot this November for medical mj. I actually just last week had a very wealthy person approach me about getting a group together to start an investment group to start a mj growing company in anticipation of Ohio passing this. I could actually be a part of this and someday be buying pharm pods.
Exactly.....finally someone thinking and reading between the lines. They are the real deal. They are determined to make a HUGE mj deal. They hired a guy whose only job is to make a deal. Now they are going back to Colorado a 2nd time. Do the math people.
So read that map and tell me FSPM isn't going to grow exponentially? Doesn't take a brain surgeon to figure out why FSPM is a great investment and will be at $20 per share in the not so distant future.
I really believe the company pushed back 4th quarter financials on purpose for as long as they could because they knew all of the sales fell into 1st quarter 2014. They will follow up very soon with audited 1st quarter 2014 financials and that will be our catalyst. 2014 will be the year with record breaking revenues and profits. Then like I already stated, add in the patent approval and upcoming new sale announcements and there is no way this stock can be held down. Then who knows what else they will announce. I am sure there is something else none of us are thinking about that will be announced.
Great company, amazing investment opportunity for all of us.
Completely agree. I believe $8 to $10 short term because of 1st quarter financials, patent announcement, huge sales announcement, etc. Then within a few years trading on NYSE or NASDQ and $20-$25 stock.
Ok here is my opinion. It is an opinion but it is based on MANY email responses and telephone conversations with the company. Of course they cannot give me specifics but I have a great feel for what they are doing. Way more than most people here.
In my opinion they already have a Canadian deal finalized if they want it. However, they are waiting to finalize it because they feel a deal or deals with a Colorado company is better for the company and it's shareholders. They are close to finalizing on a deal in Colorado then they will evaluate if they want or need to make a deal with a Canadian company.
All I can tell you is they are the real deal and they are determined to get this done.
Another huge point:
FSPM market cap 28 million and oh by the way PROFITABLE
FIT@: market cap 226 million. Losing big money
ERB@: market cap 203 million. Losing big money
I could go on and on
Per Easton tweet by company: "The companys corporate attorney is exchanging escrow documents with a group in Colorado."
This is one of the biggest announcements every by the company. No guarantees but huge! I really believe this will happen and be announced soon. They want this bad and know how important it is for the company.
FSPM financials are out. 100% revenue growth for the year of 2013. Also profitable when you add in $440,000 in revenues that they haven't collected on. Now this rolls into 2014. I would expect a huge gap up and easy double to triple in my opinion. That is what I am hoping for.
Lets not forget.....company promised going forward financials will be ON TIME AND AUDITED. This means 1st quarter financials are going to follow very soon. 3 upcoming announcements: 1. Fusion posts 100% revenue growth for 2013. 2. 1st quarter 2014 financials. 3. Fusion receives patent for pharm pods........they filed 2013 late on purpose in my opinion since 2014 1st quarter numbers are so big. This was actually very smart when all along we were all complaining.
I think they will make an announcement similar to the 3rd quarter. Will announce 100% revenue growth for the entire year. These financials were HUGE for a penny company. 100 % revenue growth and for all intensive purposes, we had a profit of $400k. That is huge.
Now, the 400k rolls into 2014 on top of all of the huge orders they have received!
No one forget.....this is big....the costs of expansion of their existing facility and their new facility are already in 2013....shows they are putting the money back into the business and not putting it in their pockets.....also, THEY ADDED NO NEW SHARES in the last quarter. That is also big. No one can say they further diluted the company.
The market knows.....$10 stock easy. Other mj companies have revenues and not even close to profitability.
One more thing I just realized though, some companies trade at 50 to 100 times earnings. I don't know what the right valuation is. Google is at 50. Facebook 100. Yahoo 100. So if we bump up the multiplier I used would put us at a big price per share. Maybe we should be at this multiplier.
My last comment, we are a start up company in the brand new mj industry and are showing being profitable. THAT IS HUGE!!! We are the first. That alone to me makes me think $10 stock. Of course I am biased.
The uncollected revenue is a positive. All under contract and will roll into 2014. The cost of sales, overhead, etc. is already in 2013.
Ok its late and I am excited and need to go to bed. Bad math...lol....glad you caught that....either way....double the revenues and profitable mj company. We are on the right track. Not many other mj companies can show the progress we have made. I am very happy with these numbers. Excited for 2014. I am long on this stock and didn't buy it to day trade or hold for 2 months. In it for years.
And more great news the more I dig.....Their revenue for the 4th quarter was small which means all of their revenue will dump into 2014. The $440k we already know plus whatever else they built and didn't collect on yet. We are probably talking $600 k from the 4th quarter 2013 that will go into 2014. They will now for sure, all facts, post HUGE numbers for 2014 1st quarter and 2014 annual. The more I analyze this the better it is getting. I will make a prediction and it is mostly based on the numbers......$20 stock this year, $8 to $10 either this week or by report of the 1st quarter 2014 which by the way, will be out soon since the company said for now on timely financials and audited.
Come on.......mj company that only lost 40 k for an entire year!.....doubled their revenues......really was profitable but couldn't collect 440k.......this is exciting.....2014 is going to be a year to remember. Am I under estimating? More than a $10 stock right now?
I don't disagree with what you are saying. Bottom line though is if you add in the $440k they have not counted for 2014, we can agree they are profitable. Writing on the wall is good.
First profitable mj company in the industry I believe. That is REALLY saying something. Expanding across the country. This all has to be factored in when deciding what the pps should be. What do you think? I think being fair, $7.50 to $9
They told me in an email 1st quarter 2014 financials would be audited and on time. They apologized and said financials would no longer be late. Told me it was due to being under staffed and exponential growth.
Here is my breakdown:
Revenues doubled from prior year. (Actually tripled since $440,000 hasn't been collected but under contract).
They lost $40,000 for the year(includes a lot of money they put back into the company such as expansion of their facility and opening new facilities)
If you added in the $440,000 they didn't collect, they would be $400,000 profitable or $0.05 per share. At standard multiplier of 15 =$7.50 per share. 20 mult = $10 per share
For 2014, we are already adding a revenue amount of $440,000 to start the year once we collect.
If we ONLY had the same revenue for 2014 as 2013, puts us at revenue of $1,200,000. That won't be the case. We already know of some very big orders. Revenues conservatively should be around $2,000,000 for 2014 with easy profit of $0.10 per share. 15 multiplier = $10 per share, 20 mult = $20 per share
The stock should be trading on 2014 numbers right now. $10 stock right now is where we should be
REVENUES INCREASED 100%! That is not even including the $440,000 in revenues since they haven't collected yet. This is a $10 stock right now, $15 to $20 sometime this year.
And that means the costs of revenues are in 2013 but revenues will be in 2014. THIS IS A EASY $10 STOCK PEOPLE!!!!
Yes, they are missing $440,000 which would make them a PROFITABLE company! PROFITABLE MJ company! This makes them a BIG TIME profitable company for 2014. Add the $440,000 and they made $0.05 per share for 2013. That means they should trade at $7.50 per share with normal 15 multiplier.
Or to look at it for 2014: The $440,000 rolls into 2014 on top of all of their other orders and I bet they make a least $0.10 per share. Makes them a $15 stock!!!!!!!!
Right there tells me they should be trading at $10 right now.
EAPH tweeted today that their corporate attorney exchanged escrow documents with a marijuana company in Colorado. Soon to be a mj player and stock is a complete steal imo
Given your expertise in the company I would assume you already have all of the answers to any question you throw out there. I will amuse you though and play your little game since you clearly are very bored.
First off, I am sure that auditors accept everything given to them by their clients. After all, who cares if they guarantee financials and it is wrong. I'm sure they don't care if they lose their license over believing a client and not checking all of the figures. Sounds right to me.
Financial statement question. Hmmmmm.....hang on....."Scott!!! Scott!!! Trader wants to know when the financials will be out." I was yelling to him......he's in my kitchen drinking a cup of coffee. Sorry, Scott said he can't give that information out per sec regulations. He said it will be real soon though.
No they have to verify everything since they are
"A U D I T I N G". Per my teenage daughter....ummm, duhh!
We do 15 million in work for 3 auditors and average contract of 500k. So call it 30 contracts. Ok, take 2 million at 50k a pop and that's 40 contracts. It has nothing to do with the number of millions on how many auditors you need. Has to do with how many contracts, sales, supplies being bought, etc. Then on top of that if they are going back years I would say more than 3 auditors were needed to compare apples to apples to my company. Why are we even discussing this? Seriously......get a life.
I consider myself a smart, college educated person but I read a lot of your posts and have no idea what your point is. You pick out the smallest most unimportant things. I don't follow you. One day you are short, the next day you are long. One day you hate the company, the next day you cheerlead. Dude.......it's a penny stock......they are still developing the business......again, it's a penny stock. I could go raise doubt and list negative things on any penny stock out there. Doesn't take a genius. My God!
Of course he would have 3 auditors working on the audit. Why not? Fact: I work for a company that does roughly 15 million a year and we have 3 auditors at the office every year for 2 to 3 weeks.
When I am in a stock like this I ask myself before I even think of selling, " if I had no position would I be buying now? Of course I would buy at these levels. I don't get why people sell now. It makes no sense. Absolutely cannot go much lower if at all. They may not be the best management team in the world but they WILL make an mj announcement soon. No brainer investment. I feel they will succeed even in spite of themselves. I believe they will make a Canadian and Colorado deal. Easy $.10 stock being very conservative.
He did a nice job in the interview I agree....I believe in this company but no excuse for the financials not being out. Had an extra month and a half. Come on Dittman!
I have sent 3 emails today and I also left a voicemail. I believe in this company but this is ridiculous not having the financials out yet. WTF!!!! I am so aggravated. I am telling you, if financials came out at the end of February this would have been a $10 stock. I wish I could swear here right now. F!!!!!
No, go ahead.....you are nominated.
Has anyone contacted the company today regarding financials? I tried by email but haven't heard back yet. They normally respond.
Last chance. FSPM in the green now in anticipation of tomorrow's financials.
I say FSPM closes in the green today being the day before financials.
FINALLY! Announced by Accesswire that financials out tomorrow!!
http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=67059661&topic=FSPM&symbology=null&cp=off&webmasterId=89753
FSPM announced earnings out tomorrow. Today is the day to buy. 3 bagger in my opionion.
For all the ERBB shareholders, I live in Ohio and on the news this morning they just showed the Zazzz vending machine in Colorado. It showed Stephen Shearn, the COO of Tranzbyte, explaining how the vending machine works. I don't have a position in ERBB but thought you would want to know. I may actually buy in now at some point.
I don't even own PHOT at all but will definitely consider buying in if it tanks real bad. I disagree with you.....PHOT will come out of this and so will CANN. Mj stocks are different than the other penny stocks that were halted. These are real companies with real revenues. Time will tell I am right.
I disagree with you. A long term investment to a mj investor is one month! Real investors it is a year or more. I don't know the timeframe but it will go back even higher. It's a real business with real revenues and eventually real profits. Once they show transparency and have audited financials it will go back. I am not saying it will be anytime soon.