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I bet the news is around the corner. VaporVites would be my favorite. I think good news about the 5000 and the 40000 VaporVites order would have most power.
News could also be about :
-Affinity Black Card order of 100'000 cards
-Primarq
-Corporate Website
-Conference Call
-Another new business
The goal for 2014 is the sale of 250'000 VaporVites. Only this would result in revenues of 15 million and a profit of more than 5 million.
So all it takes is a bit of good news and the stock trades much higher than now. To me Risk/Reward looks very, very good.
I would love to buy more and average down but unfortunately for me I have no powder left. Next funds do not come in before month end.
I don't agree with you. Good news will help this oversold stock a lot. The news just has to be real and good !
Reading all these negative and baseless comments I know we are at the bottom. Would not be surprised to see this up 50% tomorrow on huge news. We'll see.
VaporVites delivery must be confirmed to stop the bleeding. Too many rumors around that the VV never made it to the dispensary. We need clarification on this. Very important because the VV are the main revenue driver.
Not nice to see but as long as the VaporVites deal is real all is good. Would be happy to get confirmation that the 5000 VaporVites have been delivered and fully paid. Then a bit more news about the 40000 VaporVites deal. It only has to be confirmed and the current prices are history. Let's wait and see.
News today or tomorrow. One concerning the Affy-Cards and one concerning the VaporVites. We passed the deadline for the news so I expect it today or tomorrow. Trading at a very low level. Good entry for those with cash left.
On April 21st the press release did say :
Currently, we have received $50,000.00 as the initial deposit towards our previously announced 5,000 unit VaporVites order. The remainder of the funds for completion of this order will be paid when the shipment clears US customs (estimated to be the last week of April)."
In further corporate development, the company has received a private label card order for over 100,000 Affinity Black Cards. This order is in the final stages of the contract process with the initial deposit of 50% or $249,000.00 to be received no later than May 1, 2014. Additionally, the company has received a preliminary purchase order for 40,000 VaporVites units which is scheduled to close mid-May and will be further discussed as details emerge.
Now I would appreciate very much a confirmation that the shipment of the 5000 VaporVites did clear customs and the funds have been paid. Deadline (estimated) was last week of April 2014 .
Also I would appreciate very much a confirmation that the $249'000 for the order of 100'000 Affinity Black Cards has been received. Deadline was May 1st. 2014 .
Last but not least the preliminary purchase order for another 40'000 VaporVites is scheduled to close mid-May. It says it will be further discussed as details emerge. We should have advanced and there should be details. Hope to hear about this coming week.
Maybe the Conference Call (this coming week ?) has all the details or there is news on the Webpage that should be up any day.
FRTD was very busy with Press Releases in April. I count 7 excellent PRs. I would not be surprised to count even more in May. Long and happy with this company.
Interesting week ahead. Some issues to be focused on this week :
On April 21st the press release did say :
Currently, we have received $50,000.00 as the initial deposit towards our previously announced 5,000 unit VaporVites order. The remainder of the funds for completion of this order will be paid when the shipment clears US customs (estimated to be the last week of April)."
In further corporate development, the company has received a private label card order for over 100,000 Affinity Black Cards. This order is in the final stages of the contract process with the initial deposit of 50% or $249,000.00 to be received no later than May 1, 2014. Additionally, the company has received a preliminary purchase order for 40,000 VaporVites units which is scheduled to close mid-May and will be further discussed as details emerge.
Now I would appreciate very much a confirmation that the shipment of the 5000 VaporVites did clear customs and the funds have been paid. Deadline (estimated) was last week of April 2014 .
Also I would appreciate very much a confirmation that the $249'000 for the order of 100'000 Affinity Black Cards has been received. Deadline was May 1st. 2014 .
Last but not least the preliminary purchase order for another 40'000 VaporVites is scheduled to close mid-May. It says it will be further discussed as details emerge. We should have advanced and there should be details. Hope to hear about this coming week.
Maybe the Conference Call (this coming week ?) has all the details or there is news on the Webpage that should be up any day.
FRTD was very busy with Press Releases in April. I count 7 excellent PRs. I would not be surprised to count even more in May. Long and happy with this company.
Bingo22, any news about the company Webpage ? TIA
On April 21st the press release did say :
Currently, we have received $50,000.00 as the initial deposit towards our previously announced 5,000 unit VaporVites order. The remainder of the funds for completion of this order will be paid when the shipment clears US customs (estimated to be the last week of April)."
In further corporate development, the company has received a private label card order for over 100,000 Affinity Black Cards. This order is in the final stages of the contract process with the initial deposit of 50% or $249,000.00 to be received no later than May 1, 2014. Additionally, the company has received a preliminary purchase order for 40,000 VaporVites units which is scheduled to close mid-May and will be further discussed as details emerge.
Now I would appreciate very much a confirmation that the shipment of the 5000 VaporVites did clear customs and the funds have been paid. Deadline (estimated) was last week of April 2014 .
Also I would appreciate very much a confirmation that the $249'000 for the order of 100'000 Affinity Black Cards has been received. Deadline was May 1st. 2014 .
Last but not least the preliminary purchase order for another 40'000 VaporVites is scheduled to close mid-May. It says it will be further discussed as details emerge. We should have advanced and there should be details. Hope to hear about this coming week.
Maybe the Conference Call (this coming week ?) has all the details or there is news on the Webpage that should be up any day.
FRTD was very busy with Press Releases in April. I count 7 excellent PRs. I would not be surprised to count even more in May. Long and happy with this company.
Moves in May :
- Conference Call
- Webpage
- Primarq
- 40'000 VaporVites Order
- Surprises
Personally I think it will go much higher. Don't think it is going to happen before we get a clear picture about Zimbali.
Revenues, products, market share, .... . You need to be patient. Just let it sleep.
No, not the one. Don't know this one.
I'm surprised how little some people understand about this company or the deal with the Zimbali Group.
I did expect a sell off. Not that heavy but 0.0045 was in the cards. The dilution is long known. Known when the stock jumped to 0.018 and also known when it was trading at 0.009 on about 100 million shares.
Anybody here really thought we do get the Zimbali business for free ? Never thought that we have to pay for this ? Since we do not have cash what currency do you think will we use ?
Since we have no cash how do you think do we pay our bills, e.g. salaries, offices, ongoing operations, legal assistance, gas, light, ..... ?
Our currency is not cash our currency is common stock. The Zimbali business did cost us about 300 million shares. The financing we did, explained in one of my posts before, probably another 100 million shares.
Nothing has changed. All is good. Those who sold yesterday, especially those who sold at 0.003, are not very smart and did not very smart. Within the next days we'll hear more about the Patent and we'll learn more about the Zimbali Business, its revenues and its product line.
I bought 500'000 shs @ 0.0054 and 600'000 shs at 0.0047 . Going to buy another 500'000 shs today at any price below 0.004 . Very soon this stock jumps again above 0.005 and will never again fall below 0.005 . You have to understand how financings work to understand this and you have to understand that with yesterdays news we have now confirmation that :
1. The Zimbali Deal is no longer a MoU but a done deal.
2. A Financing Transaction has been done and now we have enough cash to fund our day-to-day operations.
3. We are a revenue generating company. We do have products on the market that are sold to customers day by day. Our products are sold in a market with sales of 1 billion $ an expected growth of 700% within the next 5 years.
4. We are debt free.
Just wait for the next news. Two are going to hit within the next 14 days.
To the one who sold at 0.003 I just can say : Watch and learn.
The Investor Conference Call was first mentioned in the press release from 04/08/2014
TEXT :
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.
to6908
I think it can go below 0.005 because once the new numbers about authorized and outstanding shares are out some people sell because of the heavy dilution. I would not rule out to see 0.0045 within the next 10 days.
With the new numbers we also should get more info about the MoU and the Zimbali business. Once the sellout has started I will use it to increase my position. I did it at 0.0054 already. Now I wait for 0.0050 and 0.0045. Also happy in case it is not going to happen. Still long and strong and PATIENT. Future will be good. BTW I'm still in FRTD. Good news every week. Expect this to explode soon.
Bingo22, any news about the company website ? Any launch date ? TIA
I'm interested in the conference call. Is it today or tomorrow and where can I follow it ? Anybody has a phone nubmer or a website ? TIA
What partnership could this be ?
Thomas Parilla, CEO of Fortitude, stated, "Our goal was to retire 60,000,000 shares of our common stock by the end of April. We have exceeded this goal and in doing so have positioned ourselves to capitalize on a soon-to-be announced strategic partnership with an existing revenue generating company in the entertainment industry. This partnership will showcase our existing product-line as well as introduce several new products to the public."
Bingo22, thank you. Please keep us updated when you find out more about the webpage. A serious webpage helps to build up confidence. The massive buy back of shares before April 30th together with the launch of the new webpage will drive this much higher this week.
to6908
No, he is an investor and financing small companies. I'm sure he kept a nice block of TCPS shares BUT there are many opportunities out there and he has to maximize his leverage while minimizing his risk. He has to stay liquide to participate in new deals. TCPS got the financing done and has a well known investor as a shareholder on board. I think it was a smart deal regardless that the share price did go down.
MobileMadMan
Could not return to you yesterday. I'm only allowed to post 12x a day and used it all.
The main goal of the company was the financing. They do and have to accept that near term this hurts the share price a bit but in the long run it is to the benefit of everybody.
Of course the share price can fall below BUT I with very low volume only. This stock has a very strong base in the range of 0.006-0.009 .
Personally I believe very much in a positive future. I have a strong position and no intention at all to sell. Cannabis is the place to be for the next 24 months and our patent is the icing sugar on the cake.
Correction :
Of course there is a risk. The risk is that you don't get the shares out above your cost price. Then you are exposed to the business of the company. This is why you need to creat some hype the day you want to get out. Izzy was not buying at the open market BUT he was the one selling on the open market.
Shark Business.
No, you don't understand me.
Of course there is a free lunch. HedgeFunds do it all the time.
I try it again :
I participate in a financing.
Buying 10 million shares at 0.005 restricted for 3 months.
Current market price is 0.009.
I sell the shares short at e.g. an average of 0.007 at the market.
I borrow the shares for 3 months at a fix cost of $10'000 .
Cost : 10 million x 0.005 = 50'000 + borrowing fee of 10'000 = Total cost of 60'000.--
Proceeds : 10 million x 0.007 = 70'000.--
Calculate in all the transaction fees and you have a locked in profit of about $9'500.-- or about 15% of your investment.
R I S K F R E E !
Risk free because you don't have to cover. In 3 months your restricted shares get free and you return them to the lender of shares that you sold short.
Funds and big investors do this type of financings all the time. As a small company it is not easy to get access to funds. You have to offer a big discount to the one offering cash to you. Some offer a "sweeter" (= options) but this doesn't work with penny stocks.
Understand what I mean ?
MobileMadMan, of course the shares have to appear as a short because technically it is a short sale. Just the one selling short is protected by the restricted shares. He is just locking in the profit. He does not lose anything if the stock he sold is going to double or triple or whatever. He just does not participate anymore in the run.
Forget it. Securities Lending & Borrowing is big business. You will always find a lender. Retail will not bring this down.
These are not plain naked shorts. These shorts have (my guess but based on knowledge with financings) borrowed the shares until the restriction on their "new" shares (from the financing) is lifted. So they don't have to cover because they are not really short. Their shares are just restricted.
Wait for the new share structure. Then you will understand what I mean.
Wrong, not billions. I expect the number of outstanding shares to go up from current 266 million to about 700 million. That has been expected. We have to compensate Zimbali with shares and we did a financing to generate cash to pay ongoing operations. Nothing special. Don't forget we get something for it. Revenues from Zimbali and we have our feet very well positioned into the Cannabis Market.
to6809
Took 500'000 @0.0054 . More in case the price drops further.
Difficult to see it going down Monday, Tuesday and Wednesday with the buy back being completed. Not to forget that we'll get an update about VaporVites by May 15th., Primarq soon to be ready and the Affy Card being on the market. Who knows how many more dispensaries have been contacted about selling the Vites and being in discussion right now. There is only one way.
Yes, last year the float was 79 million on 97 million outstanding shares.
Currently 266 million on 300 million outstanding and I guess in a few days when we get the new numbers it will be about 700 million outstanding on 900 million authorized.
But still, I like the company and I'll buy another nice pice once I feel the price is right.
Look at FRTD. They are one step ahead of TCPS. They are reducing the outstanding shares. Considerably !! The Cannabis Market has a huge potential. We are fine with Zimbali. I'm sure.
I'm not so negative. Zimbali means revenues (and we knew that we do not get it for free) and the patent could be the icing on the cake. I stay long and positive but you need (again !!) to be patient. Once the dust settles I buy a few more. I just wait a few days for the selling of frustrated people. I might get their shares at less than 0.006 .
Let me give you my 2-cents.
Often when small companies do a financing the company that takes down the shares (=doing the financing) is arranging a naked short sale. They get restricted shares (3-6 months restricted) but do not want to run the risk. They want to book a part of the profit immediately and with this reduce their risk and exposure.
e.g. : Investor XY takes down 50 million shares from Company WZ at a price of 0.005 = $250'000.-- cash for the company.
Current share price at about 0.009 . They sell short as much as they can between 0.005 - 0.009 . They book a profit and reduce their exposure. Both parties are happy. The company got the cash and the investor booked a nice profit and holds a few shares for free now. Since financings are done with restricted shares the investor has to arrange a short sale and borrow the shares through the securities and lending facility of a broker. Happens a lot.
I guess this explains the naked short selling and the big volume and why somebody still makes money selling a low prices.
I don't think this is correct. Maybe they have sales every day and therefore revenues every day but I doubt they make money every day. Pretty sure that in best case they come out even. As a young company normal. I do believe that in the long run they will book a profit. Let's wait for the numbers and then we'll see.
Found this :
NEW YORK, April 25, 2014 /PRNewswire/ -- TechnoConcepts, Inc. TCPS-20.21% has been in business since 2003 as a designer and manufacturer of wireless communication semiconductors. TCPS has not been widely traded over the past couple years, but gained some traction last August when a Presidential mandate regarding the broadening of wireless Internet access gave potential to some of the TCPS patented technology.
Some recent developments regarding investment in the company and new leadership suggest that TCPS may be headed in a new direction, though no announcement has been issued by the company. Mr. Suarez, Chairman and CEO of TechnoConcepts, said recently, "Our Company has had a lot of changes in the last several weeks."
In the report available at the link below we will attempt to discern if TCPS will make a move into the cannabis market space.
A full report on TCPS that includes risk factors, industry review, financial position, potential revenues, and review of current business model, competition breakdown, analyst summary, and recommendation can be viewed by using the following link:
http://bit.ly/TCPS-AnalystReport
A buy back of 27% of all common outstanding shares is very remarkable. Not seen that before.
Interesting day today. How many shares did they retire so far ?
A number above 100 million would be very positive but at the end it doesn't matter because we know the final number will be 250 million shares. The only way is up. At least in the long run.
Current Share Structure :
Shares Outstanding 266,894,514 a/o Apr 08, 2014
Float 79,461,079 a/o Jul 19, 2013
Authorized Shares 300,000,000 a/o Dec 13, 2013
Expected New Share Structure
Shares Outstanding about 700 million
Authorized Shares about 900 million
Change of about 450 million shares. About 300 to pay Zimbali Business (R/S) and about 100 million as a financing transaction (e.g. Izzy).
Expect the new numbers up on air within the next 10 days.
to6908
Yes, still invested.
The story with this new investor is something that makes me sad. Fabricated to prepare the exit for "friends". You will read about the new share structure soon. Lot of todays volume has to do with this new share structure. Easy money for the "friends" but not really fair to the loyal shareholders. On the other side I have to say that I did expect it. Happens a lot in penny land. I go back to the second line again. As you know I don't like the crowd.