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Nice earnings beat!
Thanks, Gatorlady. Please let us know how it goes and what transpires.
Hi Gatorlady,
That's a bit sardonic, don't you think? I'm pretty sure Fletcher was referring to the Ron911's that pop in from time to time with nothing more than speculation, rumors, and flat out mis-information, and not referring to you. I for one appreciate the insight and debate you've brought to this board. Opinions based on pure speculation and mis-information do nothing more than obfuscate the facts and stifle true debate.
Just my two cents. Go BION!
Dutchf and Richard, did either of you receive a reply from BION in response to your emails?
Though it may not change the current situation with BION, it does speak to your unethical and acquisitive character.
FYI... The correct term is libel, not slander.
My thoughts exact. I bought more in October during the short-term dip in price and did the same yesterday. As mention, it only took a few day for the sp to return to .05 in October, and I anticipate the same will be true with this dip as well.
I agree. As long as BION is truly not involved, this is something that should be resolved without affecting the company too much. BION took the correct first step by forcing Brian to take a LoA to create some distance from his personal dealings. Hopefully the meeting will go well and BION will be forthcoming with any and all pertinent details.
Thanks for the post traderwebb. It looks like this was taken from a News-Press article previous written on July 21. We can only hope the information is still accurate and estimated time frame valid.
http://www.news-press.com/story/money/2014/07/21/excitement-building-bionitrogen-plant-nears/12912185/
Has a date/time been set for the conference call?
So I receive my AFFW shares today but have no idea what to do with it. Anyone knowledgable with what to do with a paper certificate?
For scottrade account holders, I just spoke to an account manager and was told I would not be able to place online trades for FRTD. Instead we will have to call and have them place the trade over the phone ($32.00 commission). Talk about insult to injury!
If the FRTD merger deal is completed before the suspension is lifted and the stock still drops 90% as you suggest it will, I'll be buying like a mad man. Just think of the return one would get from a 90% price cut (.002) only to quickly get .12 a share. That would be incredible!
Has anyone seen this: http://www.nasdaqtrader.com/trader.aspx?id=regshothreshold
I just happened upon this site and noticed BION is on the Reg SHO Threshold List. This means nothing in regards to the company itself but interesting none the less. This may account for some of the volume we've seen recently. Any thoughts?
Hey Stcksfly, who is Stephen Goldstein and what is his twitter handle? TIA
I called the company before calling the SEC but had to leave a message.
The SEC rep I spoke to (Jason) said it can be lifted early but he has never seen it done in his time there.
I just called the SEC. It took them a few minutes to find any information on FRTD because it just happened at 9:26 AM, but they did confirm trading has been suspended through June 6 at 12:00 AM. The person I spoke with specifically asked if they had any involvement with the MJ sector and said that many MJ stocks have been suspended recently due to the dissemination of misleading or inaccurate information. He said there is a mandatory 10 day stop of trading on any suspended stock to allow time to review the information disseminated by the company. After the 10 day suspension, the Market Makers -- based on their own investigation and findings -- decide whether to continue trading the stock.
Guess we'll have to wait and see how this plays out.
My Scottrade account shows that it was halted.
I agree. It was a $28.9 billion industry in 2013. Take a look at the list of Indian Casinos on this site: http://500nations.com/Indian_Casinos.asp
Huge potential revenue from this agreement/partnership.
Go FRTD!!
For all that doubt the validity of this merger/buyout, just consider this...you don't have to believe in a company to buy its stock. Many investors ride momentum to make money, so even if the buyout does not happen you can still make a considerable amount of money if you play this right. Speculation alone will take the pps to .05-.06 by next Thursday. So for the doubters, if you buy some here at .02 and sell on Thursday at .05 or .06, you can potentially triple your money regardless of whether the buyout goes through or not. Or, just sell enough to cover your initial investment and let the rest ride. That way you'll lose nothing if the buyout does not take place and the pps drops precipitously, or you'll make bank if it does go through.
I, for one, believe the buyout/merger WILL take place and am here for the long haul. Just figured I'd offer a differing strategy for the doubters and new investors out there.
FRTD long and strong!!
You're showing your ignorance here, man. That would be a hostile takeover. Do a little research on M&A's and Hostile Takeovers and you'll answer your own question.
Nice Lard reference :)
Nice gap and very few bid whackers. This is looking really good!! This thing is gonna fly!
Ouch! Someone just mistyped their sell order at .0089 instead of .089. Poor guy. I've accidentally done that before too...
Did you really dump all of your shares yesterday? Ouch!!
We've got news!
*********************
Fortitude Group, Inc. Provides Public Update
3 minutes ago - DJNF
Fortitude Group, Inc. Provides Public Update
ERIE, PA--(Marketwired - May 22, 2014) - Fortitude Group, Inc. (PINKSHEETS: FRTD) provides the public an update on outstanding corporate items.
Management is proud to provide the public an update on pending corporate events:
-- OTCQB Acquisition - Due Diligence has progressed as expected with one
outstanding item which is a 3rd Party Valuation of our recently acquired
Database (over 1,600,000 qualified Opt-In Members). A valuation
specialist has been retained to complete this task. Both sides are
confident that due diligence will be completed prior to the May 30, 2014
deadline.
-- Industry Standard Valuation - According to the 2014 case study
prepared by Subscription Site Insider (CLICK HERE) entitled "Email
List Valuations: What's Your Opt-In Email List Worth as a Media
Property on the M&A Marketplace Today?" the author provides
valuations on specific opt-in data ranging from between $1 - $35
per name depending on eight key factors. Based on these 8 factors,
the acquired domains membership database would be valued at the
higher end of the spectrum and should be valued between $20 and
$25 per opt-in name.
-- Affinity Elite Cards- Both the retail cards ordered and the $25.00
Special Offer Shareholder cards have completed production and will ship
the first week of June.
-- VaporVites-The initial 5,000 order ships the first week of June and the
remaining 10,000 units ship mid-June
-- ShareholderConnect.com - Our cloud based shareholder communication
platform launches on May 26, 2014.
-- Quarterly Filing - The Company will have the quarterly report filed on or
before the close of business on Friday, May 23, 2014.
-- Yield Sign - Corporate Counsel is aware of the yield sign on OTC
Markets. Counsel is submitting the required legal opinion to OTC Markets
prior to the Quarterly filing on May 23, 2014.
-- AFFW Special Share Distribution - The shares have been ordered and the
Affinity transfer agent has submitted a bill for $7400.00 for this share
issuance. This invoice was paid on Tuesday the 20th of May. The shares
issuance should be completed on or before May 23, 2014.
-- Share Buy-Back Program - The Company has retired approximately 28% of its
combined issued and outstanding stock. The process to retire the free
trading stock via Cede and Co and the restricted stock with our Transfer
Agent is still in progress and should reflect to the public
mid-June. Upon verification that the current buy back reflects with both,
we will continue to buy back our stock as ratified by our Board of
Directors.
-- Primarq- The Company is awaiting specific due-diligence information from
Primarq. It has come to our attention that management of Primarq has been
sending out conflicting and disparaging messages via social media about
Fortitude. We are not at liberty to discuss the progress of the proposed
acquisition of Primarq, as we our bound by a tri-party non-disclosure
agreement.
-- Corporate Websites - The Company is on schedule to have the following
sites completed and launched to the public prior to the end of May 2014:
-- FRTDGroup.com (Corporate Site) FRTD.net (Corporate Site)
FortitudeGroup.net (Corporate Site) VaporVites.com
iShareRewards.com AffinityEliteCard.com CrowdExaminer.com
ShareholderConnect.com InvestorLynks.com
Thomas J. Parilla, CEO of Fortitude, stated, "We are receiving several phone calls from shareholders, requesting information about the proposed merger and the disparity between the proposed valuation and our current stock price. As we get closer to the end of the due diligence period and our valuation is validated by a 3(rd) party specialist, I am confident the market will adjust accordingly. We have traded over 220 million shares in the past three trading sessions and BuyIns.net has tracked over 50% of our daily trading volume as short sales. I am not a person that will blame the shorts or negative post on message boards as the reason for a declining stock price. We are going to continue to grow our business and enter into income producing agreements that add cash flow to our bottom line. If we continue this model, I am confident that our stock price will reflect its true value."
About
Fortitude Group, Inc. is a diversified company with investments in multiple sectors of the economy targeting joint ventures, wholly owned subsidiaries and/or majority/minority positions that cross various market segments with the goal of creating a quality company that builds intrinsic value for its shareholders.
Forward Looking Statements
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.
Contact
Fortitude Group, Inc.
Investor Relations
Phone: 888-447-5501
Email: Email Contact
(MORE TO FOLLOW) Dow Jones Newswires
May 22, 2014 09:34 ET (13:34 GMT)
It's an acquisition bud. Do you think that all current and future dealings of the acquired company ceases to exist once a buyout takes place? Of course not! Current and future business (revenue) is the reason for an acquisition in the first place.
Just add this twit to the "Ignore Users" list in you IHub account and his posts won't appear anymore. I did this months ago...
Here's a link to the whole ribbon cutting ceremony/presentation: