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Sorry, but you have to explain Pro Cap Funding to me. When they did commit 5-10 million they want to get something for this. Is it a credit line ? Or do they get some kind of participation in the company ?
What I do not understand well and therefore would appreciate very much is some explanation about the share buy back. Where do they take the money from to buy back the shares. I checked their last balance sheet. There was very little cash available. They plan to buy back around 250 million shares. At current prices just 1 million cost $25'000.-- . 10 million cost $250'000.-- . We are talking about huge amounts of money. Please help me to understand where this money comes from. Thx.
Not today but I still hope you are right with what you say.
The lack of volume/interest is disappointing after all the good news.
The new share structure should be out within the next days.
The numbers of Authorized and Issued Shares should have gone up by several hundred million. Once we get these numbers I hope to get the numbers about Zimbali revenues as well.
At the end of this week the company is going to inform about how many common shares have been retired so far. Any number above 100 million would be a very bold one.
Funny post. Claiming to have sold a big position. Looking back the history of this person 95% of the position has been sold already weeks ago. So much about honesty.
Just wait for the days when the volume comes back. Going up like crazy.
Yes, I'm 100% sure they got it. You better cover.
40'000 VaporVites !!!!!!! That is $2'000'000.-- . WOW !
End of the week we'll know how many shares have been offered for the buy back. Order for 100'000 Affinity Black Cards.
WOW WOW and WOW ! This weeks starts pretty good for FRTD. Just a question of time before the market realizes.
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.
Finally, the company has made tremendous strides in retiring shares of their common stock and will be announcing, at the end of this week, the total number of shares that have been retired to date.
The 5000 VaporVites delivery date was April 20th. . Would be good to get a confirmation about the successful delivery.
So let me summarize this :
Confirmed, done and/or ongoing is :
- www.affinityblackcard.com
- Buy back of 250 million common shares or 27% of outstanding commom shares.
In process is :
- Delivery of 5000 VaporVites. Delivery date April 20th, 2014
Rumor is :
- Company webpage up and running this coming week
- Additional VaporVites deal with up to 70 dispensaries
- Company conference call April 30st, 2014
Honestly, if all this is going to happen within the next 10 days then it is dramatic. Nuclear !!!
5 cents next week.
So it shall be written
so it shall be done
What big contracts ?
I'v not heard anything or read anything. What contracts do you mean ? VaporVites ? But what would VaporVites have to do with the webpage ? I can't follow you. Please explain. Thank you.
What a typo !! But we did run through it !!!!!!
Scary 2 million sell order at 0.029 . I guess the next run is postponed until after the holidays. Next Tuesday we know more about the VaporVites order and then volume comes back.
CANN did double within the past 3 trading days. FRTD lacking a bit behind. Expect a big move once we have confirmation that the 5000 VaporVites have been delivered as scheduled on April 20th.
Have an order in at 0.025 to buy 100'000 shares more. Take advantage of the bargain prices as long as I can.
The following issues, besides others (= www.affinityblackcard.com), are driving the share price up.
1. Share buy back of up to 250 million or 27% of the outstanding common shares.
2. VaporVites expansion to 70 dispensaries within the next quarter.
Those two points are dynamite. In case they really can sell the targeted 250'000 VaporVites before end of 2014 it means a profit of $15 million. Once the share buy back is completed the outstanding shares will be just 400 million. Put the numbers together and you will realize that the share price only can go north. The numbers mean 4 cents profit per share. With a very moderate P/E of just 20x the share should then trade at 75 cents.
When I do the math with a P/E of 40x it's a $1.50 per share. Any questions my dear shorts ? Long and strong. Long and strong is the only way.
Interesting video to watch :
http://fusion.net/Justice/video/cannabusiness-report-wolf-weed-street-598617
When was that video aired first time ? Yesterday, days ago, weeks ago ? RavenDusk, very thanks for it. I'm going to spread it to all people I know.
Consolidation. Preparing for the next move up. The volume is not so strong anymore. That is a bit a weak point but besides this it is doing very good today.
20 million shares traded in the first hour of trading. A very good volume. First profit takers in now. Could crash a bit but then next wave will kick in. Important is to maintain the high volume.
Closing green on +80 million shares would be a very bullish sign.
It is just the 10k Annual Report. That is a report mainly about 2013. Today, 2014, FRTD is no longer the same as in 2013 and therefore the 10k doesn't say or mean much. Of interest are the following two points :
1. Share buy back of up to 250 million or 27% of the outstanding common shares.
2. VaporVites expansion to 70 dispensaries within the next quarter.
Those two points are dynamite. In case they really can sell the targeted 250'000 VaporVites before end of 2014 it means a profit of $15 million. Once the share buy back is completed the outstanding shares will be just 400 million. Put the numbers together and you will realize that the share price only can go north. The numbers mean 4 cents profit per share. With a very moderate P/E of just 20x the share should then trade at 75 cents.
All this is without all the other good stuff (e.g. credit card) going on.
When I do the math with a P/E of 40x it's a $1.50 per share. Any questions my dear shorts ? Long and strong. Long and strong is the only way.
Rhode Island Legalizing Marijuana Today ?
http://www.thedailychronic.net/2014/30636/rhode-island-lawmakers-considering-several-marijuana-bills-hearings-april-16/
Look at this jump !!!!!!!!!!
Tomorrow will be a fun day. Better get in (or close your short !!) before the closing.
GREEN again !!! Still a bargain with a market cap of 10 million only.
Bought another 70'000 shs at 0.0188
Again not a very nice day BUT it is bombed out. The next big move is on the upside. Supported by the good news that is spreading. The webpage (www.affinityblackcard.com)is up and running. The first delivery for the VaporVites is scheduled for April 20th.
So we have to sources of revenues. After the past horrible days the stock is trading at such a low bargain level that you don't need to be very smart to know what direction it will take the next days and weeks. Would not be surprised to see it closing green today. If it does then you better fasten your seat belts for tomorrow and the days after.
Just to back my previous post :
"We are pleased to begin selling the VaporVites product while reflecting this product revenue on our income statement. The distribution of the VaporVites e-cig product line has immediately produced revenue for the company at minimal hard cost or capital outlay. Our goal is to wholesale a minimum of 250,000 VaporVites units in the remainder of 2014. Based on our preliminary case test study, we are confident that we will achieve, if not exceed, this goal. At our $60.00 wholesale profit per unit, we should derive roughly $15 million in 2014 from the VaporVites initiative or an additional $.0187 per share."
So the webpage is up, running and producing revenues.
VaporVites delivery is timed for April 20th. Producing revenues.
The development is very positive. The share price development is very disappointing. Especially yesterday was very frustrating. I do not doubt my long position. The VaporVites sales -if proceeding as expected- should result in earnings of more than $15 million in 2014. More than the company is valued today. I would not want to miss the reverse and the run.
Bought another 150'000 shs @ 0.0278 . I think it is a bargain price.
http://www.affinityblackcard.com/
Up today, tomorrow or later this week. Who cares if it takes a few days more ? Those who believe in FRTD just for the next day neither have a lot of faith nor know what potential this company has. Sometimes daytraders really earn to get burned.
Stock market has to stabilize. Cannabis stocks have to stabilize and uncertainty about Cannabis companies and SEC Investigations have to stop. Then FRTD has to confirm or better said to deliver on one of the many issues that are due before end of April.
Once all this fits it's ROCK'N'ROLL time.
I would not want to miss the run in FRTD. I think 3 cents is a bargain. A real steal.
to6908
TCPS will do fine. Just needs a bit of time. Remember when I said we will see 0.007 again ? The crowd is worthless. They do not stick to what they say, have no clue at all and move on fast. Now that they are gone it only can get better. Just not overnight.
I bought a nice position in FRTD today. My stomach tells me it's a double before month end. Have a look at it.
A very busy April for FRTD.
The initial 5,000 unit order was received from a Colorado dispensary with 4 stores. Fortitude's cost to manufacture each VaporVites unit is $29.00. The wholesale cost to the dispensary is $89 or a profit per unit of $60.00 representing $300,000.00 profit for this initial order. Under the terms of the agreement, the dispensary paid a 25% deposit for the initial order with the balance to be paid upon product delivery. The estimated delivery time to the dispensary is April 20, 2014. The dispensary has an option to purchase an additional 25,000 units within the next 3 months at a 10% discounted wholesale price or $80.10 per unit.
Thomas J. Parilla, CEO of Fortitude, stated, "We are pleased to begin selling the VaporVites product while reflecting this product revenue on our income statement. The distribution of the VaporVites e-cig product line has immediately produced revenue for the company at minimal hard cost or capital outlay. Our goal is to wholesale a minimum of 250,000 VaporVites units in the remainder of 2014. Based on our preliminary case test study, we are confident that we will achieve, if not exceed, this goal. At our $60.00 wholesale profit per unit, we should derive roughly $15 million in 2014 from the VaporVites initiative or an additional $.0187 per share."
In further corporate development, the company has begun its previously announced share buyback of restricted common shares from Fortitude shareholders who requested information from http://www.FRTDbuyback.com. The company intends to retire to treasury approximately 180 million restricted shares this coming quarter.
The company also announces that the formation of its new Fortitude subsidiary will be completed on April 10, 2014. This new company will market the "MariMist" product to its existing distribution channel.
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.
The company is continuing to expand its high revenue/low cost product initiatives and will announce them to the public as they are ready to go to market.
It's the last day of the bleeding. Weak hands could not stand it any longer. Those short of cash could not stand the losses any longer. The weather is changing.
Today is the sell-off day. Just make sure you buy today. Next week it will climb fast. It's about timing.
I have a very good feeling about next week. This one get's back to 5 cents within no time.
Not crashing at all. Today is the day of people who can't stand the heat anymore. They throw in the towel all over. Capitulation day. The absolutely best day to get in. Today you buy FRTD at half the price of last week. It is also called 2 for 1. Next week FRTD will have several news announcements. Pretty easy to predict 5 cents. That is why smart money buys today what weak hands let go.