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Except for its not wholesale in canada---it's direct to the patient from the approved grower. 7-8/gram is easily obtained. In reference to shipping to Israel(look for that announcement to come final quarter to begin shipping early 2015--Ned as well...you can project on selling wholesale to domestic market but that's all guesses and no one knows how federal medical legalization will be structured. But to who cen bio will be selling to initially we know the guidelines and 7-8/gram is obtainable
then why dont you build it and promote it???TITAN you make us fitxers look like fools on this board
as somebody who literally bought PHOT and FITX on the same day within a matter of minutes of each other and has received great rewards from both...its embarrassing to see TITAN on here spewing what he says..I love FITX--personally believe they will catch up w PHOT and both will be around .5-.6 within the next 6 weeks which means FITX is going to make me A LOT OF MONEY SHORT TERM...but PHOT is the CLEAR sector leader imo...Long term, they are diversified with the ability to have their hands in multiple avenues of this industry(as we all know.) if FITX gets up to 1.3 mil, begins exporting to multiple countries and brings their supplement line to a top 3 brand in the nutraceutical side then they MIGHT be on PHOT's level at that point.....when you have to bet on a horse in a race...you dont bet on the horse that had to get a loan to get in the race...let alone betting against the horse who fitted the bill..
seriously....when did ANYONE ever confuse what the new banking guidance with LOANS???INSANE!!! No one EVER stated that...it was ALWAYS about being able to hold business accounts and take credit card transactions..OF COURSE no bank is going to actually LEND a BUSINESS or COMMERCIAL loan on to a federally illegal substance..Have you ever tried to obtain an SBA or Conventional Business loan for a FRANCHISE??!! To open a Pita Pit the bank vets the franchisees to ensure there would be no reason for a default...Banks WILL be, however, opening business accounts and assisting w credit card transactions with the new guidance...I wish more people would do research rather than listen to people trying to ignite panic for no reason..and global if you are stating this bc you believe it--i encourage you to do homework on the subject.
>>>>>>Unfortunately, I have heard many rumors and many posters have indicated that this is not legal. Thus, they can only draw a flat interest rate vs. getting a percentage of the grow<<<<<
again, sir--you tend to simply overstate opinions or rumors to stir fear...
where have you heard these rumors??cite your sources--in addition, if it were a flat interest rate how does that, in any way, kill the GIFT program as they can simply increase the flat rate and delay the initial payment period to provide due ramp-up period for the business in the first quarter.--i hesitated writing that part as it somehow gives legitimacy to your flat interest rate rumor which has not been said on ANYTHING other than ridiculous chat boards...not concerned about receiving a P.R. or an announcement regarding a GIFT deal--i have no doubt in this company and if you want to argue legitimate concerns then lets do so with facts not chat room rumormill with no substance...
id hope everyone realizes not to sell a share until quarter report and guidance....thats going to jumpstart a big run as there is a profitable, zero debt company with strong guidance in the mj sector...VCIG is just icing
"I look at the pps this morning and think I wouldnt let anyone pry these shares out of my cold dead hands" Bill the day of arcview....and it resonates as true today as it was then...set sell limit high.....
.bong millionaires club Long FITX
Article was from 4 hours ago. Google California legalization and it will come up. I'd link it but I'm on an iPad and technologically handicap so not sure how to post a hyperlink w an iPad
Anyone worried about a red day coming from the fact that Cali will no longer be putting legalization on the ballot in November??think there may be a market overreaction.
The writer who misquoted and wrote approval when the quote was approved to build the facility wrote a retraction correcting himself stating they were approved to grow. Anybody around since late December or before already knows this but for newbies---Bill never said they were approved to grow....he said approved to build...Forbes writer took that as meaning approval and wrote approved. Bill immediately posted via FB it was an error of the writer and he would have a retraction written clarifying, retraction eras written correcting the article to approved to build. Bill has been forthright the entire time and just stay strong bc when the approval comes in the next 2-4 weeks we're all riding this thing to dollar land.
Long FITX
Respectively, you are way off on your thinking. AJOA and WISE are Bills companies as well. All of which operates under an umbrella of sorts w FITX. Structured in a trust and clearly communicated as such. I am long phot and FITX but anyone thinking FITX only owns 10% still is way off.
And Bills multiple law degrees,lol. Look, he PRd a statement saying in not one uncertain term that Creative Edge owns 75% of CEN-BIO. As a publicly traded company with the kind of press currently surrounding them he would open himself up to countless lawsuits of shareholders and suspension/lawsuits of the SEC if it were to come out that statement was a blatant lie. FITX owns 75%
Agreed w your DDpoint as all should...and it's not typical verbiage for a JV but of course this not a typical industry...the company clearly believes that the politics and business sides are aligned therefore is willing to invest 40 mil...IN THE EVENT THAT THE GOVERNMENT CHANGES ITS STANCE--then yrs safeguards need to be in place to protect the company or individuals investing 40 mil--however there us no evidence of back tracking by government, businesses or otherwise in addition to no evidence of shorting by the JV partners so what makes you believe they intend to??jvs are getting on progression and if they sold x amount of shares and the industry continues current trajectory they'd lose out on hundreds of millions--good investors don't do that.
If you were investing 40 million into a new industry that had been federally illegal since the 1930s id assume you would want safeguards in place in case the relaxed federal viewpoint flipped unexpectedly..
They put it into black and white because it's a legal agreement. When you write up legal documents, you put in every scenario so not to have future legal repercussions moving forward. Simple as that...the verbiage is put in there to protect the individuals investing 40 million into a federally illegal enterprise in the event that the government begins storming companies associated w mj again. Just because verbiage is in there doesn't make it a conclusion--it protects the people putting the money out from unexpected events in an industry in its infancy...pretty simple.
Let me ask you..what is your reasoning behind the thinking of a JV shorting the stock in less than 1 month(RXNB) and 6 months (CANX) of reaching an agreement for growth? I can appreciate your views at times but you stating this leads to 1 of 2 conclusions--you are attempting to use this information to mislead newer investors into fear selling or you believe that Growlife/RXNB/OGI are all scams elaborately operating to short retail investors. If that is your belief you are entitled to it and I can appreciate it but you should state it bc there is much evidence to the contrary.
Please excuse errors as typing from my iPad at work.
Respectfully, you're referring to investment companies not corporations within JVs. Companies who are in joint ventures come to agreements based on the potential of growth from a mutually beneficial collaboration. If you're thinking they are scammers it's a different story and thus, yes, they would be selling. But given grow life is fully reporting and fitx is in the midst ofa 2 year audit to being accounts current for fully reporting status and both have shared a desire to up list I do but believe they are scamming...therefore they would lose their jobs for selling shares acquired in a JV prior to the actual revenue being realized from the agreement. No company would ever do that. Investment companies will take 30 percent but major corps who join into collaborative agreements do so based on the potential of the partnership. I respect the devils advocate side of things but you seem smart enough to know that youre somewhat misleading in the way you are stating this. If it was a major investment firm they would've sold at .38---but this is a partnership between two companies based on the potential of selling medical mj globally. Nobody is selling until they have realized profits.
Lol--you're crazy to think that a company that beings in 27 million if revenue would sell shares in a company they are growing w for just over 100%. The JV will grow revenue streams for both companies and considering RXNB knows the company(PHOT) will be receiving 7.7% of Ames, 25% equity stake in addition to a 100 million dollar lump sum within the next 3 yrs they'd be crazy to sell...pennies...I think we can rest assured the company is confident in their growth.
im pretty sure they have until end of march to report as they can report a full annual w quarter report...
most ridiculous statement ive read---price dropping little by little??up over 50% in the last two weeks!!!!!...compare that to the DOW, APPLE, FB, S&P, LNKDN, hell---even NFLX...etc....come on people, keep your expectations somewhere in the realm of reality...
Been saying this for a long while....banks will not loan to companies that are practicing in businesses that are federally illegal regardless of state and banking legalization/regulations. All it is going to be doing is allowing for business banking accounts and card transactions so that the businesses can get proper tax benefits, pay taxes and not have to deal in all cash as it is a safety risk. Unless you think fed legalization is less than 6 months away then the GIFT program just became more important with new banking guidance as it will help with expansion for businesses that are now allowed to open up business accounts---expansion that is not possible without funds via GIFT or similar methods...banks will not be approving business loans for companies in a federally illegal enterprise...period.
Man---i've got to say, while I think the FITX will get licensed and I think, specifically in regards with their relationship w PHOT, they are legitimate. I appreciate you raising legitimate concerns. It is good to have both sides of the coin represented. That said, you did not mention the relationship with Growlife whose management team includes top exec from Microsoft and Yahoo in addition to a very successful business man/attorney Sterling Scott as CEO and a Board of Directors made up of a top law firm in New York. In addition, you failed to mention their relationship with the top marketing agency for 2013 or their relationship with GNC as orders have just been filled and shipped. I believe this company will soon get approval, I believe they are legit--but i appreciate the way you showed the other side of the coin and moderators should appreciate it as well.
LONG FITX
shorting...lol....what are you talking about...I was agreeing with you and adding to your point...re-read it and comprehend it....I was saying that the last 3 years are irrelevant to this year...anyone invested 2-3 years ago were 2 steps ahead, anyone invested over the last year got the timing right...Im LONG PHOT,FITX, MCIG, and TRTC and not selling one for 5 years...how did you interpret my comment as anything other than agreeing with you???
#readingcomprehension.
Id like to add in that the congress wasn't writing the President to declassify marijuana from the schedule list and there weren't legislative bodies(NH) approving legalization bills...nor were there any hemp bills being signed into Federal Law....the old saying in stocks goes "those who are two steps ahead of the curve are crazy, those one step ahead of curve are genius"---right now is the one step ahead and that is door is shutting fast..
i agree that its results time---i think the exposure will still get it a lift, specifically the WSJ article...but next week is the big week...21st open house---that will be a make or break moment...if its all moved along as eluded to then we'll be sitting on a license by the 1st of March...if not then major, legitimate questions will be raised...I love this stock--- i truly believe its going to a dollar this year...but im not going to say that its not scary to think its all based on a license that while we all feel is in the bag...nothing is guaranteed in this life....Long FITX--and think its going to be a great ride..
people forget that when he discusses specific stocks he has to tread extremely lightly, specifically in regards to ones he is personally invested in. I would've loved a shout out, however, unless prompted directly in regards to "what stocks are most positioned to take advantage of the defined banking regulations?" type questions---the BEST thing AB can do is draw attention to his website...the more to the website the more to PHOT--its no secret that AB believes PHOT to be the top play---therefore, without violating any SEC rules, the best way to draw investors in is to get them thinking of investing, then tell them to go to his website, where he can issue a full article which includes his SEC required disclosures along with all the phenomenal information about Growlife...
I have a feeling that is what he meant by short sighted..Jdubbs
That 8-K is announcing the approval of the A/S by its shareholders to increase from 1 bil to 3 bil....they it was already accomplished..they will then take a portion of that and convert it to o/s to complete the deal upon completion of Creative Edge receiving the license...read the 8-k released from the collaboration agreement between PHOT and FITX then re-read the 8-k released by PHOT in regards to share increase...both were initial contingencies. FITX would receive "X" amount of shares contingent upon shareholder approval of 2 billion increase on Feb 7th, and FITX would only receive if/when they are licensed to grow not less than 1.3 mil lbs...if they are not approved or approved for lesser amount then PHOT can change to lesser amount or no amount at all.
The first contingency has been met..PHOT shareholders approved increase.
The second contingency is in action now---cant wait for approval.
you're speaking logically in the illogical mj sector world. Market Caps, floats, o/s, fins---that is not what is dominating the pricing of these stocks....its perception on potential. Thats how MDBX got all the way up into the $90's---THE 90'S!!!!!!----thats nts...FSPM went over $10.00 at one point....i agree that in logical trading sectors you'd be right...but if(when) FITX gets the license in March coupled with the anticipation of the legalized selling happening in WA at beginning of summer and with political movements---you could see this thing hit multiple dollars by mid-summer depending on what happens....at the same time, one government official says the wrong thing they're all under .04 again....hence why FINS, CAPS, O/S, and FLOATS are not the main driver here....we get the license and the political movement continues to be favorable towards sector and this thing reaches dollars mid-summer.
your overall positive sentiment is good. But they are currently dealing with doctors and licensed attorneys who have a business and patents...hardly people who have grown and sold drugs their entire life. Unless you are making assumptions on the kind of people they will make future deals with i dont understand your statement.
First of all its "too good to be true"---proper grammar is essential.
Secondly, ALL of your outlined concerns were addressed accordingly in the interview with AB. Bill is not anticipating 1.3 mil lbs this year, he is anticipating it in a few years. He is anticipating the potential import into Israel, the legislation shift domestically and an increase in demand to happen sooner than expected in Health Canada's new system.
Third, you wouldn't want your CEO out there gaining recognition for your company?? You don't want WSJ interviews for your companies exposure?? Ya, I'm sure you would much rather invest in a company that stays mute while it's attempting to further its growth prospects.(also, dont forget the agency FITX uses for its marketing---tops in the land...I'm sure they know a liiitttle bit more than you about proper exposure.
Finally, "you want your CEO signing deals and making acquisitions for growth"---PERFECT--I'VE got a GREAT stock for you--it's called FITX---check this out Chef---they recently filed an 8-k with another major player(PHOT) to partner up on a HUGE grow-op and in addition disclosed their already functioning and profitable RXNB pharmaceutical company with major patents pending in the medical mj field. The partnership will fully fund the build out and equip the company with state of the art equipment. In addition, they parnered with Endexx for state of the art tracking.
See, its a GREAT stock for you based on YOUR criteria.
More than that...big companies will not open themselves up until there is federal legislation pertaining to either medical or recreational mj. We're still a little ways away therefore these companies have plenty of one to expand and get their foothold.
Banks being able to accept business accounts and banks lending to an operation that sells something that is federally illegal are 2 completely diff things. Banks won't lend until it's rescheduled or decriminalized federally--all this does is allow banks to open business accounts for companies in sector. It enhances GIFT as it increases potential expansion for businesses.
its flying and will continue to...its RSI is hot, ya---but just shipped its GNC orders and is making the rounds with the media---everyone realizes its within 6-8 weeks of being licensed...its the next one to go parabolic into the the .30s+ once it gets license will probably temporarily pass PHOT--PHOT the best overall play by far but FITX is definitely the play for the next 2 months
if youre in for a week may nit be for you....if youre un for a year then this is just another great time to add to your current position...
the longer there is no p.r. the more likely i can load up more under .3 and maybe even steal some at .2-.22(grand larceny)---if youve done research and trust management then this is salivating times....
and also....wait for the financials...guess what---they signed a 40 million dollar partnership agreement, disclosed and partnered their stake in a 27 million dollar revenue business(RXNB) and shipped out orders for GNC---regardless of revs for the 1st quarter--i'd say outlook will trump it...
you realize its okay to be pro PHOT and FIT*---i remember you saying you were a buyer .022---well I can assure you,people with that mentality here missed a buying opportunity ranging from November through January....FITX is a strong play and is the next to run into the .30s---by that time PHOT will be into the .50s+
I agree and have read numerous posts of yours he last couple days..you don't seem to be angling for honest discussion but instead tend to go the route of pointed biased critiques..I agree there are substantial risks w this and any mj sector play--my view on this is positive while yours negative and that's fine I just tend to think facts should be stated and left at that for judgement as opposed to being twisted towards one personal biased viewpoints as I feel you've done the last few days. Facts are dilution is not prevalent at this time an by all counts will not be until major and profitable acquisitions are made, facts are if you're in this stock it should be for management and diversification that they have shown this far therefore should be hopeful, facts are the PRs have come out on par w substantial news throughout company history(no fluff--all PRs are out within a 2 day timeframe of a subsequent 8-k or filing of some kind)--I'm all for pros and cons--I get annoyed of people skewing the facts to promote their bias belief...thanks and gltu. :)