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DO you have proof of this statement? I've seen his facebook page and have NEVER seen any such statement.
Do you have proof they are diluting? My problem is the divvy added too many shares to people who would just flip them. In the end, it's a blip and this stock will rise once they get their big fish account.
I own a business that sells in the nutritional foods/supplements sector (no relation whatsoever to bill or FITX for the record) and I can say that it's growing leaps and bounds. There is room in this business for quality products. Nobody has ever said FITX products aren't good quality. They are doing ads, attending trade shows and those are all good ways to get the word out.
This stuff doesn't happen overnight.
SIO, agreed. I am NOT happy about the stock going down. I am not a fan of this divvy either but I still believe in Bill and I still stick by the idea that if GNC was bogus, why did they give FITX a vendor number? NO big chain of any worth adds in a vendor for the heck of it.
It's all panic and over what? A few open comments on a Facebook page? Really? He posts his thoughts on a facebook page and people run away.
Really??? Many CEOs do much worse than post their thoughts on posters on IHUB. I'd rather know the company I invest in has a CEO who is willing to POST his feelings than one who is hiding in the shadows.
It's all about flippers. They want this to go up a little so they sell and then they want it go down, buy some more, wait for it to tick up sell again.
I have flipped myself but only when I hit a nice profit margin otherwise I hold. I do not believe in averaging down so I will wait until the news brings this back up and those of us with patience can laugh about this nonsense later on.
How was the CEO attacking him? All he did was post a comment even I felt was strange coming from somebody who owned that many shares.
SIO, thanks for being the voice of reason here. Argh. IT'S A FACEBOOK PAGE. Some CEO's are outgoing while others hide. I'd rather deal with somebody like Bill who won't hide when the going gets tough.
I just sold a stock where the CEO told us every month that profits were here, they would announce fully audited fins and then he stopped answering us and went to the greys.
Sorry, I don't mind a combative CEO who I would wager is just as aggressive about selling the products we all invested in.
On top of that, Mitch McConnell and Rand Paul want to legalize growing hemp in the US.
Hemp and MJ have, for many years, been lumped together even though one is not equal to the other. The hope here is that liberal attitudes towards the sale of hemp products and foods will lead to more easing of the ban on Marijuana as well.
Many years ago Hemp seeds (a great cash crop for countries that allow it to be grown and sold) were a target of the FDA. It took a court case to tell the government to stop it and allow all these great hemp food and clothing products to come to market. Hemp is a $452 million dollar industry and growing. If the USA would allow our farmers to cultivate hemp and marijuana, they would see better returns than the crops they grow now.
Just think what a legalized marijuana industry could be worth to all who invest in it.
I know Pasadena. I have many corporate clients in Pasadena. Attacking somebody like that just ruins whatever point you think you are making. Peace out.
Actually all you need to do is file it in the paper of record in your home city. In this case I assume it was Pasadena? If you looked this up in Pasadena they aren't giving a list of new or old Dba filings.
I posted that and it goes to the heart of my argument. It seems some here are not getting my point.
And I bet I would never find your company (if I was looking for it) unless your local city or county make that information available to the public. Hence my argument, if Medical Greens prior history was as a DBA or a series of DBAs, it would make sense why after acquisition SKTO registered them with the state as a CORPORATION.
A corporation is not the same thing as a small business DBA as you know and anybody who's ever owned a business can definitely back this point up.
Goes back to my main point, the company now known as Medical Greens could have been a small dba or a bunch of dbas acquired by the company.
He doesn't need to do any such thing. He has put himself out there for a lawsuit if it's found to be untrue. So for that reason I believe the post.
C'mon people, think for a minute.
I am not talking about Medical Greens, Inc. I am talking to those who say that this didn't exist before April of this year. A DBA is what SKTO could have purchased which is why we have a recently registered corporation.
Sorry, until somebody shows me proof this DID NOT happen, I rest my case (which is backed up by fact).
Here is the info from the state of california regarding a DBA filing. I post this to back up my assertion that Medical Greens could have been a DBA or a series of DBAs before SKTO registered the purchase as a corporation in California.
Keep in mind, most cities do not publish the list of registered DBAs. Even some counties do not. Until somebody can show solid evidence that SKTO did not purchase a DBA or cobble together small DBA businesses that cater to Medical MJ collectives than you lose the argument.
Registering a Fictitious Business Name
A fictitious business name statement (D.b.a. or “doing business as”) must be registered with the county clerk of the county of the registrant’s principal place of business if the business is any of the following:
Sole proprietorship doing business under a name not containing the owner’s surname, such as Smith Accounting Services;
Partnership; or,
Corporation doing business under a name other than its legal name
Fictitious business names are not filed with the Secretary of State’s Office. There is no provision in California for registration, in a central registry at the state level, of fictitious business names. You must contact the city and/or county clerk and/or recorder where the principal place of business is located for information regarding filing or registering fictitious business names.
NOTE: Even though a proposed corporate name has been checked and/or reserved, stationery, signs, corporate seals, etc., should not be ordered until you receive notification of filing from the Secretary of State’s Office, because the corporation is not created or qualified until appropriate documents have been filed with the Secretary of State’s office.
The statement must be filed within 40 days of the commencement of business or before the statement on file expires. Along with the original, the county may require several copies of the statement for filing. The county clerk will certify and return all copies to the registrant, keeping the original. Within 30 days after filing a fictitious business name statement, the registrant must publish the statement in a newspaper of general circulation in the county of its principal place of business. The notice must appear once a week for four successive weeks. Within 30 days of the last publishing date, the registrant must file an affidavit of publication with the county clerk’s office.
The fee to file a fictitious business name statement varies depending on the county or city where it is filed. Inquiries should be directed to the county clerk’s office in which the business will be located.
Ever heard of a company filing as a DBA? I have, I know because I RUN a business. In California, a small startup can be a DBA which isn't as easy to lookup. It could have also been purchases from another company that wasn't disclosed. I say this because you can't sit here and act like you know how this works if you aren't familiar with business.
Regardless if you believe the company or not, if I bought somebody's subsidiary, assets or various entities and cobbled them together as a new, bigger corporate entity, of course it would be registered recently.
Sorry, but until you can show me something substantial than your anonymous word than I will go with my business instincts on this stock and hold.
Uhhhh Medical Greens is an active corporation in California. Look it up. To be a corp in California means a minimum yearly tax payment to the state.
They may even get listed even higher if all works out to plan. I see AMEX/NASDAQ in the future.
Says you. As far as I am concerned he's running the company brilliantly. I guess you need to be paid for your misinformation which makes me wonder how desperate you are for cash.
GOOD! It proves he IS a good businessman. Managing in Hollywood is tough and those who succeed are good businessfolks.
I used to work in the entertainment business (25 years as a sales executive). It's a tough business. Makes me feel better he's running things.
Yet we all agree that it will be a tidal wave of good fortune. I just want some folks to stop talking about the man's personal finances as if it somehow makes him a bad businessman. IT DOES NOT.
Amen. True, people should not get over their heads but we aren't him, we do not know how things were going when the house was bought and why he let it go. As long as he is professional and manages OUR money in the open, I don't care about his personal life unless he beats up children, robs old folks or is committing a felony. Bad personal financial bumps in the road, the last time I checked, are not a crime.
Access...read the paper. It's hard opening a collective in many cities in California. That money may ensure that you can operate under their banner.
I have many friends who were downsized by the economy. Lost jobs, lost wages, lower incomes. I can't fault somebody for defaulting on a house (if it really happened the way some are saying it did) if the banks won't work with the borrowers.
I own a business. If a person who I give credit to can't pay, I try to work with them to see what we can fix.
Another thing, with big houses bought before the crash - who's to say he didn't try to work with the bank? The news has tons of articles detailing how banks just won't work with borrowers to refinance a house.
Sorry, it's not a big deal to me since he didn't rob a bank or steal from other people.
Not really. If he had a problem there could be many fair reasons why there was a default (if any). Sorry but the last 8 years or so have been hard on many good people.
I find it funny he's somehow an "out of work" chairman when he's working hard for the shareholders and being accountable.
If that's out of work, I'd love to see what qualifies at those at work!
BTW - these comments about the chairman's finances are out of line. Until somebody can prove he can't manage a company, I don't care if somebody has had some personal financial issues. Life happens.
Well, if you flip shares daily and can pull in 2-3K on each trade AND not lose anything, that is a good way to make a living.
Some people do it that way. More power to them. I do feel sooner or later this is running big so I plan to hold.
Yes they are sold on their own.
Here's the rub. As somebody who sees these posts on almost every penny I invest in, I wonder if it's a ruse to scare off shaky investors. If this was being pumped up, the price would drop...plain and simple. We are holding at .04 range and not sub-penny like so many pumped touts.
I have a hard time believing any of this unless somebody comes in here, link in hand and shows me solid evidence.
See, like the boy who cried wolf, people like to talk up these alleged ties to pumpers and such yet the majority of the time none of these "do-gooders" can show any real proof which affects MY holdings in this stock along with so many other investors.
Tip for do-gooders, I admire your concern IF you aren't playing us for fools. If you want to help, why not FIND ME EVIDENCE, LINKS, DOCUMENTS and post them here when the facts are clear vs. posting conjecture and suspicion? Wow.
Raspberry Ketones is one of my best sellers (other brands) with my retail business.
Why would anybody sell right now. Things are looking good.
No it looks as if the product would be in stores. I do believe in stores when it comes to nutritional products such as these. I am somebody who knows this industry well as I own a company that sells in this sector. Oh and for the smart alecks here, I have no affiliation with FITX outside of owning shares in this stock.
I buy a lot of stocks from this industry. I am intrigued with the Hemp protein products as it is a growing segment of the biz.
Excuse me but why and where do you get any idea that the company would be shutting it's doors? Anybody saying that is wreckless and IMHO foolish. GNC does not issue vendor numbers to failing companies.
Well, agreed BUT use the tools IHUB puts out there. For me, sometimes seeing a stock as the most visited board gets me to do DD and decide if it's worth the risk. I have my own rules for what I will buy or won't (years of trial and error).
IHUB activity on a board does suggest awareness and interest but to not do basic DD and look at relevant topics such as the float, who runs the company and such is silly.
Message boards are good for basic info if you can get past all the 'to the moon' hype.
Well, as somebody who has flipped some stocks, never marries anything for the long haul and buys only interesting looking penny plays, I cannot understand the sell at the bid type seller.
If you believe in something enough to buy shares to begin with, wait it out. Flipping at the bid is just short sighted IMHO.
If somebody is so worried about losing money I say they should get out of the OTC/Pink markets. I bought this to hold for the near term. I believe in what I see and hope that these guys can do some great things that will allow us all to profit.
It's a shame people don't READ the PRs closer. The company never said it wouldn't issue PRs. They'd be daft NOT TO ISSUE PRs. What the social networks offer is a faster way to get news out.
As long as they do what the SEC requires when alerting shareholders to news, it's all good however they handle it. BUT any company not issuing PRs to the PR wires is being cheap. PR wire news is how the market gets it's info and how a stock can take off on news.
I've never been a fan of the idea that a loss is only when you sell it. A stock that is red means some people have to hold longer without a choice.
I believe in this stock so I am here to see where it goes. If it goes where I believe it will, I make green.
I'm here for awhile. I bought based on the products and the future with retail. All penny stocks are speculative in nature. The key is knowing who is for real and who is not. GNC doesn't issue vendor numbers to anybody.
The cool thing about the social networks is he can get the news item out faster and still get a PR on the wire by end of day.
Anybody who runs a publicly traded company knows you still need actual PR wire news to make the market pay attention.