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http://www.google.com/finance?q=OTCBB:MDCN&fstype=ii&ei=ePdGU5DBLo6rsgfuMQ
Look for yourself. And no investment capital. I'm just pointing out the facts without the hysterics like others like to do on the F**X board. This company is a mirage. No buildings, no deals, and no money!
This company is broke! They have no money. They have no investment capital. They have handshake deals and promises and nothing more.
Since this company hasn't even notified HC that they're ready for their Pre-License inspection, I'd guess that they are at least two years away from becoming operational and even that depends on if they are even able to raise the investment capital needed to complete their facilities. And then also having the funds needed to wait for Health Canada approval and Licensure, which everyone knows takes a long time. I wonder if your CEO will have moved on to other ventures by then? That seems to be his game.
I'm familiar with Claytrader...
So get the security in place for the pre-license inspection. Then wait for HC... Then put in the environmental controls, grow lights, and the black out equipment and you're good to go.
How long until all this is done?
And whatever happened with that 5/1 Reverse Split? How'd that work out for the investors? If we do the math, you'd be trading equivalent to $.067. Yikes! Wasn't it trading in the $.07s+ prior to the Reverse Split? And the company then issued new shares after the split to raise money and sold it to these investors below market. Ouch.
Someone overpaid. Volume is extremely low, they had to pay that price to get their order filled.
He's what they call a serial entrepreneur! Maybe it'll work out for you, that is unless he decides to get back in to Professional Women's Soccer!
Your CEO sure likes to start up companies... His resume is a giant list of startups and his tenure is always short-lived... His longest tenure was 4 years, but his average is between 1-2 years. Doesn't seem like he has been able to get much off the ground. He even went broke at one point. Professional Women's Soccer!?!? Lacrosse!?!? Oil and gas companies? And pharmaceuticals? I guess if you can't succeed in one industry you just keel rolling the dice and hope you get lucky!
Mr. Stadnyk is the President and CEO of Supreme Pharmaceuticals Inc.,Mr. Stadnyk is the chairman of Stadnyk Foundation Inc., a sport philanthropic organization, and founder of Stadnyk & Partners Inc.
Mr. Stadnyk was co-founder of Eupraxia Pharmaceuticals Inc. Mr. Stadnyk was the President and CEO of First Sahara Energy. From 1998 to 2006, Mr. Stadnyk was the President of Patch International Inc., an international junior oil and gas exploration and production company. Mr. Stadnyk was a director of Birch Lake Energy Inc., Canadian Energy Exploration Inc., co-founder and a director of Arsenal Energy Inc., listed on the TSX Venture Exchange. Mr. Stadnyk was President and founder of Starlight Sports and Entertainment Inc., founder of the TEAM 1040 AM Sports Radio Station, owned the Vancouver 86ers/Whitecaps Inc., founder of the Vancouver Angels/Breakers, Vancouver's first Women's professional soccer team, and founder of the Vancouver Ravens Lacrosse team. Mr. Stadnyk was co-founder of Praxis Pharmaceuticals Inc. now Pharmaxis Pharmaceuticals Inc.
Experience
President and CEO
Supreme Pharmaceuticals Inc. SL - CSE & SPRWF - OTC
October 2013 – Present (1 year 1 month)Calgary
Founder & Senior Partner
Stadnyk and Partners
January 2010 – Present (4 years 10 months)
President and CEO
First Sahara Energy (CNSX:FSE)
July 2013 – April 2014 (10 months)Greater New York City Area
Eupraxia Pharmaceuticals Inc.
Co-Founder and Director
Eupraxia Pharmaceuticals Inc.
August 2012 – April 2013 (9 months)Vancouver, Canada Area
President and CEO
Guerrero Exploration Inc.
March 2010 – January 2013 (2 years 11 months)Vancouver, Canada Area
Director
Birch Lake Energy Inc.
July 2010 – February 2012 (1 year 8 months)Calgary, Canada Area
Director
Canadian Energy Exploration Inc.
January 2010 – March 2011 (1 year 3 months)Calgary, Canada Area
President and CEO
Fifth Avenue Diversified
November 2007 – December 2009 (2 years 2 months)Vancouver, Canada Area
Director
AXQP Inc.
April 2008 – February 2009 (11 months)Vancouver, Canada Area
President and CEO
Park Place Energy
May 2006 – November 2008 (2 years 7 months)Vancouver, Canada Area
President and CEO
Patch International
July 2003 – May 2006 (2 years 11 months)Vancouver, Canada Area
Director
Arsenol Energy Inc.
October 2002 – July 2003 (10 months)Vancouver, Canada Area
President and CEO
Praxis Pharmaceuticals
June 1999 – July 2003 (4 years 2 months)Vancouver, Canada Area
Okay, so here's some DD...
"David Baines, Vancouver Sun
Published: Wednesday, December 28, 2005
DUBIOUS COMEBACK OF THE YEAR
After leaving the Whitecaps soccer team swamped in debt in 2001, David Stadnyk returns to Vancouver as the promoter of Patch International, a junior oil and gas exploration company listed on the treacherous OTC Bulletin Board. To publicize his comeback, he hires publicist Jack Weatherall, who is still serving the 12-year suspension he received in 2000 for lying to prospective investors about one of Stadnyk's earlier promotions, Goanna Resources. Thanks Jack. We'll take a pass."
http://www2.canada.com/vancouversun/news/business/story.html?id=67150143-0fb5-4585-b05d-951582929d82&k=86923&p=3
So you don't share DD here???
I was just looking for answers and thought someone who was invested would know.
I thought someone here would have already done that DD. No one knows?
So how far along is this company?
Have they installed the proper security to pass the pre-license inspection?
Have they installing artificial grow lights in their greenhouses to compensate for the lack of sunshine during the Canadian seasons?
Do they have a black out system to create the photoperiodism required to get the plants to flower?
Do they have the proper environmental controls in place?
On average hours of sunlight in Toronto, Ontario range between 2:23 per day in December & 9:15 for each day in July
There is an average of 2024 hours of sunlight per year (of a possible 4383) with an average of 5:32 of sunlight per day.
It is sunny 46.2% of daylight hours.
The remaining 53.8% of daylight hours are likely cloudy or with shade, haze or low sun intensity.
http://www.hightimes.com/read/greenhouse-grow-basics
http://www.toronto.climatemps.com/sunlight.php
So the town just thought that FITX was going to build a barn and a fence for no purpose? That makes no sense!
The Town of Lakeshore has been involved in this process since day one. They saw the building plans and knew the proposals that were presented to them last year. They welcomed the company with open arms.
They just couldn't get their act together to pass new by-laws and now they got themselves stuck in a pickle and they're scrambling because FITX will not be effected by any by-law that they pass because they were already zoned and approved under existing by-laws. It's the Town's fault for not being fully prepared for what they were getting themselves into and no, they can't back out. They are legally bound to the agreement that they made.
To put it in Football terms, that's like a team rewriting and changing the terms of a player's contract because they regret the deal.
What that means is that they will have little control over the facilities minus the Value Added Agricultural space.
A little late, but for week 5 I'll take Seattle if it's still possible... Thanks
Any new developments here besides PPS depreciation?
DAMAGE CLAIM FOR US SHAREHOLDERS.......
This was posted in the FB Creative Edge Nutrition group. Sounds like all the Investors are all sending emails to the Town of Lakeshore....
URGENT… We need ALL shareholders to send this email. Please insert your name.
My Name is . As a shareholder of Creative Edge Nutrition Inc (CEN Biotech Inc. and FITX ),
I hereby am giving you notice that your illegal actions on September 23, 2014 have caused me financial harm. If you proceed to write a letter to delay or impede CEN Biotech’s license under the MMPR I will be joining a class action lawsuit against the Town of Lakeshore.
Regards,
Send to afazio@lakeshore.ca; ljanisse@lakeshore.ca; dmonk@lakeshore.ca; cmclean@lakeshore.ca; sbezaire@lakeshore.ca; ddiemer@lakeshore.ca; lmckinlay@lakeshore.ca; k.foran@lakeshore.ca; tbain@lakeshore.ca
License is coming and the town knows it! They want their new by-laws in place before FITX gets their License which means FITX IS currently properly zoned and ready to go. If HC were to issue the License now, Lakeshore would have difficulty enforcing the new by-laws because the business will have already started operation prior to the passing of said by-laws.
HC issues License if the company is in compliance with municipalities laws, which under current law, FITX is in compliance. Lakeshore wants to change the laws... “If [CEN Biotech] start production before [a bylaw is passed], it seems to me the Town of Lakeshore is going to have a tough time controlling what happens on these facilities.”
San Diego Chargers for Week 4. Thanks.
It is a sad argument with only conspiracy laden sentiments.
Now that would be something!!! LOL! Let me me fly half way around the world for a photo op with international businessmen and politicians just to get a rise in PPS so I can trick people and sell my shares. Wow! You have quite an imagination! I wonder what was in it for the Ukrainians!?!? LOL!
I'd short that other stock, lots of money to made!!! Clinical trials do not equal sales. Also it does not mean the drug is safe and effective and legal to manufacture and market in the United States.
And they're approved internationally, but they're unprofitable. Why is that?
They are waaaay overvalued at $90!
You talk about this stock being overvalued, that other stock is ripe for a short attack.
Right, it was just a photo shoot for fans! LMFAO!
Better invested here than in some way overvalued spec Pharmaceutical company that has yet to receive U.S. approval for their drug or can even prove that they have demand or public need for their product.
Those other companies have no value added. They are one trick ponies playing to a small market. You are narrowly focused if you invest in a company that only wants to supply MMJ to the Canadian market. There is no money to be made in Canada with so many companies potentially competing for a tiny market share. A company needs to be diversified and Vertically Integrated in order to succeed. That means being involved in all facets of business related MJ and Hemp. FITX is the only one that is building that foundation - like it or not.
Bill did meet with the owner of multiple Ukrainian pharmaceutical factories. As well as with the Director of the Health Ministry of Kiev and Greater Region for the registration of drugs. And then met with several Economic Development officials. So I believe that there is more involved than just Marijuana. Possibly pharmaceuticals in my opinion. They obviously had an agenda! Right now it is only speculation.
That's what an article coming from a known paid Stock Promoter and Distorter looks like... That is not a credible source of information. Sorry.
It will be interesting to see the reveal of the topic of these Ukrainian meetings. A Canada/Ukraine Free Trade agreement could be a huge potential source of revenue for FITX depending on the business propositions, plans, and the parties involved.
As you said, you don't fly half way around the world to meet with high level politicians of a large nation for nothing. Something big is brewing...
New England for week 3. Thanks.
Green Bay for week 2. Thanks.
That is a good question! As always health and poise are the big factors. It'll be fun to watch though.
Put me down for Philadelphia. Thanks.
Business model in place - check. Facilities are in place - check. Board members in place - check. Inspection done - check.
Just waiting for the License :) and then everything goes fully operational. You can't have a product unless you are legally authorized to have such product. That comes with a License. So to say that they have failed is a misnomer. They haven't even started :)
As far as doing the 'fact checking' on the 'band-aid,' I just see more conjecture and conspiracy. Everything had been done above the board. To say that it is fraudulent when there is no proof of any wrongdoing, is actually fraudulent itself. If I say that someone has lied and they haven't, then who has lied?
Short and Distort is the appropriate term for the "evil naked short." It is actually an illegal practice and the flip side of the Pump and Dump. It is typically done by an MM and they hire people to execute the distortions while they profit. And then there are the parasites who tag along for the ride. But proving that someone is shorting is about as difficult to prove as it is that someone who is dumping...
You are incorrect that the company has failed to execute the business plan. Everything has been done according to the blue print, it has always been a matter or waiting for the Canadian government and HC bureaucracy to be inspected, which they have, and to receive the License, which is just a matter of time. If you read the press releases, inspect the photos of the facilities, and process the information that has been released, you will see what is being built. If you choose to focus on conspiracies, than you will only find suspicions, conjecture, and character assassination. It is one thing to not like the business plan and base an argument on legitimate hurdles and roadblocks, it is another to broadcast fear and supposition about the business plan based on conspiracy.
Time lines and projections have never been presented as facts, they have always been estimates. There is a difference between stating a fact and stating an estimate.
Here is a lie that I see in your post "Bill sells T-shirts." That is a straight up lie. Bill does not, nor has he ever sold T-shirts. The T-shirts are sold by a FITX Shareholder who uses the proceeds to donate to charity.
http://www.fitxwears.com/
ALL PROCEEDS: Will go to Bill's selected charity, World Vision International. Not a single penny will be profited. Our cost and shipping structure goal is $10.00+ to be generated for charity per sale. We will present a check for the total raised to Bill Chaaban in a group photo that will be released in high definition for printing.
Here is another lie - "They have not sold more shares than allowed under the Articles of Incorporation. sooo... Bill slapped a band-aid on." The truth is that there were shares canceled as a result of the terminated deal to purchase the Canadian Nutrition Stores. You actually posted this information about a week ago --
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105693492
Deloitte thank you very much, all in good time.
From what I know, they are samples from one of the Growers.
The Tweed grower grew house plants prior to his current gig. It is totally different to grow a product for appearance verse growing for cultivation.
You obviously didn't see the MJ grow photos that were on the CEN Facebook page. They're probably still on fitxlong.com.
I'm going down to San Diego to see them play. I would love to check out the Niners new stadium and watch the rivalry, but I can't this year.
LOL! That's what you got? Look up horticulture... That's your answer!
The Colasanti family are well known established growers in Ontario going back 4 generations. Looking at his resume and bio, I think Mike knows how to grow MJ.