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32 new Home Depots. I know there is a cloud around the margins on this lumber but I think it's safe to say that Home Depot is happy with ECOB.
Assuming ECOB gross margins are positive, these new stores put us one step closer to getting cash flow positive. Albeit profitability here will take time but I see the potential with the right steps.
Thanks for noticing the update. GLTU
GO ECOB
Does anyone know the cost of production per unit for the mcig or vcig? Thanks in advance
Going to be a great week here!
GO MCIG
Anyone think this selling could be insiders that need some cash and don't want to deal with possible allegations of insider trading if they were to wait till after earnings during the run up?
GO MCIG
Lol some people...
GO FRTD
Wow did anyone notice that there was 70M naked shorted yesterday?
I guess the shorts decided to double down. Bad decision IMO.
But hey I don't mind seeing "the star" suffer some more. If anything it helps intensify the squeeze.
FRTD is here to stay! Congrats longs on the 200%.
GO FRTD
#6 on the BB!
If we're lucky enough to get shares today under .12 its a no brainer.
Everyone on ihub is going to be trying to buy in with the attention we are getting. Congrats to the longs. Especially us who were holding in the red.
Should be a fun week here!
GO FRTD
Whats going on here? Up on volume? Surely this volume and green isn't from that PR. Is there something else going on?
Looking like a nice power hour play at the least. I like the idea of the product and Home Depot seems like a great way to distribute their product.
Will be watching this one for sure.
Out of respect for your history here I'm willing to indulge that possibility.
So my initial thought is does it matter whose name is on the company? How does that affect FRTD getting cash in exchange for shares with a contingency? It seems that FRTD is essentially selling options to them. "Procap" is paying the premium up front and getting the right to sell the shares in the future.
Note: Obviously my questions are based on assumption that the PR is truthful.
GO FRTD
FRTD obviously presented ProCap with a convincing strategic plan on how they are going to increase FRTD's PPS to .15-.35.
Procap isn't out to lose money. So whatever was said in that meeting was extremely convincing.
Procap is just another investor with 10k invested in FRTD shouting how much potential FRTD has. This is real money. Procap's investment speaks more then any words written on this board. They didn't get those millions by making stupid investments. I'll put my investment beside money like that any day.
Its kinda like putting an order on the bid in front of a huge buy order.
Buying FRTD is a no brainer! See you at .10+
GO FRTD
20,000 shares = huge sell????
Interesting theory. Good luck to you today though. Its going to be an uphill battle for the shorts.
GO FRTD
That first sell was to insure people are not thinking there is a gap which needs to be filled. I think they are ready to let this thing run! Looking like its going to be a great day for us longs!
GO FRTD
Member mark for this one!
Thank you for addressing his credibility. I appreciate your work and time to put that post together. GLTU
GO FRTD
Thanks for your positivity on this stock.
317 for you
Go FRTD
Well I suppose at least your honest. I should have posted originally anyway. GLTU
GO FRTD
I guessing by the number of member marks you have you are more than familiar with where to find short report information but nonetheless here's the link.
http://otcshortreport.com/index.php?index=frtd&action=view#.U1-b_FcVCiw
GO FRTD
40% short volume yesterday!
Yet we still closed green! I would call that an accomplishment in itself. The chart continues to scream break out. Full STO indicates oversold and just crossed as a bullish indicator. MACD curling up and RSI should break the 50 on the next green day. Chart looking good.
Everything is set up and a little squeeze of the over 8M shorted shares from yesterday could provide a real opportunity for longs here.
So many things that could go right and it only takes one to break through for a big run.
I love the odds!
GO FRTD
A dump of the shares they just purchased off the market on Friday?
Interesting theory.
GO FRTD
I almost feel bad for the shorts today.
This is how I would write this.
Shorts have been especially annoying this last week. Glad to see them getting to experience some of the risk they accepted by shorting.
GLTU today! Don't think you'll need much!
GO FRTD
Huge short squeeze today!
Naked shorting of over 9M on Friday!
They might as well throw in the towel and cover because this companies management is blowing them up!
Congrats again longs! I feel like I'm saying that all the time recently.
FRTD future continues to look bright.
GO FRTD
http://otcshortreport.com/index.php?index=frtd&action=view#.U15M3VcWOSk
Yep sure hope it was the company which got that 500k at .016.
GO FRTD
Bid support is building!
500k at .0201 & 200k at .0205.
I think its clear where we are going during PH.
GO FRTD
Full STO screaming oversold. Won't take much to push all the indicators up and get us headed back were we should be going.
GO FRTD
A reversal won't take much at this point. Sellers are so dry. A few large block buys at the ask and we are over 3 again quickly. Anyone who watches this knows how quickly it moves. Definitely looking up from here. Congrats on your additional shares purchased today.
GO FRTD
Block gone....time for us to see some green!
GO FRTD
I love the feeling of the buying pressure slowly building. There is no question in my mind where this is headed. When this breaks out its going to run hard. Perks of low float I suppose.
GO FRTD
1m million at .027! If that's not bid support I don't know what is!
GO FRTD
Once this breaks .03 we are golden.
I don't want to be greedy but I don't think 75-100% gain today isn't out of the realm of possibility.
GO FRTD
My boats loaded....I'm ready for it to run! Setting up well IMO
GO FRTD
Well, glad to have you on our side here.
I agree .20+ is pump talk until these big speculative numbers are confirmed.
GO FRTD
Lol just wait and see.....
Lets check the score here ... us longs made money on the last run. Then you got to have your fun. Now its our turn again. I think that means we've won twice as much as you.
Since you and I are chatting....just curious what your next line is going to be now that the 10k was filed.
Oh and by the way we are green again...
GO FRTD
Looking like a gapper this morning! Going to run hard at the bell
GO FRTD
You can always tell they know their beat when the get so quiet.
FRTD looking strong!
GO FRTD
Good job bingo...I support you and this line of thinking.
Words are cheap and he's proving that to the board by making sweeping generalizations about the whole industry and presuming that FRTD is not a company outside of their connection to MJ.
420 card is nice but IMO it is just icing on the cake and will comprise a small percentage of FRTDs total revenue.
GO FRTD
Slow down alittle bit. I'm sorry we aren't at .20+ (I sure wish we were). Its unfortunate that we have to deal with this short attack and its annoying but we have to continue to analyze the stock in light of the data. Considering that yesterday we were 40% short I would say we did pretty well. Today could easily be the right catalyst to put the shorts on their heels and initiate the next leg up! I would not be surprised to see a gap the question in my mind is will it gap and run or gap and retrace?
FRTD has alot going for it and us longs need to be focused on informing others of the opportunity here in the midst of this massive naked shorting.
Please don't misunderstand me. I do agree with you that if FRTD wants to be taken seriously they need to make their deadlines. Its a problem they need to address. Either make it happen or extend your projections to a more reasonable timeline. IMO
Today should be exciting! GLTU
GO FRTD
http://otcshortreport.com/index.php?index=frtd&action=view#.U0ZbVlcWOSl
Can't wait to see the short report on today! They have been throwing everything they have at FRTD and here we stand. Down 2% with lots of news expected. I'm happy to be a shareholder.
Shorts are over extending themselves = more money for you and me!
GO REAC
I believe we are seeing a very similar pattern that we saw Feb. 23-25. Meaning we will close about even today and tomorrow will be another nice green day.
Congrats to the strong hands that held today and our reward for holding will be realized soon. IMO
GO FRTD
If your curious here is what that analyst's report said....
FRTD ANALYST REPORT
FRTD and the Cannabis Market:
The company has a distribution agreement with VaporVites. VaporVites, offers an herb vaporizing system that can be used with dry herbs and the device fits in your pocket. Under the distribution agreement, Fortitude shall initially process orders for 10 dispensaries in Colorado with the expansion of an additional 70 dispensaries within the next quarter.
The company has begun processing over 5,000 pre-order applications for its 420cashcard.com product.
The 420 Prepaid Discover® Card was created to fill a void in the medical and legalized recreational marijuana industry.
New funds can added to the 420 Cash Prepaid Discover® Card by calling the toll free number or loading online though the GreenDot network.
Users will have the ability to customize the redemption of their reward points. The card will have an emphasis on products supplied by today’s top cannabis vendors including dispensaries, paraphernalia, hydroponic equipment and miscellaneous medicinal merchandise.
The company has entered into a joint venture agreement to obtain the USA production, sales, distribution and licensing rights for a medical marijuana product “Mari Mist” for the use in the care of cancer patients with MariMedical Pharmaceuticals (MMP), a privately held company. Additional clinical applications include the treatment of nausea, anxiety and pain relief.
FRTD will collect the revenues, 92% will remain with Fortitude with a royalty payment of 8% being paid to MariMedical. The agreement is for 3 years with a possible extension for 7 years.
MariMist is a pharmaceutical formulated medicinal product that is high in CBD and low in THC. This combination of cannabinoids has been shown to greatly reduce or eliminate the physcoactive effect, without minimizing the medicinal benefits of the drug. The product is derived by CO2 extraction of a hybrid sativa & indica plant resulting in cannabis oil. The oil is then blended with a pharmaceutical grade ethanol which contains no benzene and is reduced to under 5µm particle size for delivery by a nebulizer. This is a traditional medically accepted route of delivery for patients in need of palliative care. The importance of this type of delivery will be fully realized when medical marijuana finishes its transformation to become a full integrated part of best care practices. MariMist is the only 100% natural cannabis based product that is delivered by a nebulizer, a widely accepted clinical method used in hospitals and hospice care for the administration of other drug therapies.
Other Ventures
FTRD has executed a private label Discover card agreement with a fast growing bail bonds company.
The name of the company is being withheld until final approval by Fortitude’s issuing bank is achieved.
This bail bonds company is currently licensed in five states with twelve new state applications pending approval. The bail bonds company currently uses the pre-paid phone cards as a data source in the event the customer skips out on their bail and fugitive recovery become necessary. Currently, the bail bonds company issues an average of 7500 calling cards per month.
The Company has registered three subsidiaries, Fortitude Healthcare, Fortitude RE Holdings and Fortitude Technology. Each subsidiary will immediately take the necessary steps to file the required registration statements with the SEC, FINRA and State & Federal regulatory bodies with a goal to have the shares of each subsidiary traded as a separate public company in 2014.
Fortitude Healthcare is being developed to consolidate the existing letters of intent which will complete the acquisitions the company has announced over the past year. Fortitude RE Holdings is being formed in order to conclude the acquisition of PRIMARQ as well as fund additional companies which management has under consideration that align with PRIMARQ . Fortitude Technology is being created to fund either as a primary investment or the outright acquisition of technology companies which will focus on mobile applications, virtual desktops and holographic projection touch applications.
9,250,000 shares of Affinity Mediaworks Corp. (OTCQB: AFFW), a virtual shell company, which represents approximately 14% of the to-be-issued and outstanding stock of Affinity Mediaworks, are being issued as a special share issuance to bonafide shareholders of record of Fortitude Group, Inc. as of 6:00 pm on March 14, 2014. This issuance has been calculated for every 92 FRTD shares beneficially owned by a Fortitude shareholder. They shall be entitled to receive 1 new additional share of Affinity Mediaworks. Affinity Mediaworks is set to invest $4,000,000 for a 45% equity ownership in PRIMARQ in April 2014. Primarq is a company with a goal to commoditize the equity in residential real estate. Based on preliminary pro-forma numbers, while still a pre-revenue company, within 90-days of funding, PRIMARQ is set to ramp up to over $200 million per year in revenue.
The 9,250,000 shares of Affinity Mediaworks Corp. being distributed to Fortitude bonafide shareholders of record will carry registration rights and be registered in the Company’s S-1.
Fortitude will become the majority shareholder of a fully reporting Bulletin Board public company for the specific purpose of completing the funding of PRIMARQ while not diluting the current share structure of Fortitude.
The agreement calls for closing this acquisition on or before March 7, 2014, at which time the Company will announce to the public, the name and symbol of the new publicly traded portfolio company. The release will further outline the dividend ratio to be issued to Fortitude shareholders as well as the effective date for this dividend.
The company also announced that they are in the final funding stages with PRIMARQ and are confident that upon completion of this acquisition, PRIMARQ will add a minimum of the projected $200 million in annual revenue to Fortitudes bottom line.
Share Structure and Financials:
Total shares authorized:
Common stock 998,000,000 as of September 30, 2013
Preferred stock 1,900,000 as of September, 2013
Total shares outstanding:
Common stock 606,039,404 as of September 30, 2013
Preferred stock as of September 30, 2013
Series C 5,500
Series D 744,000
The corporate officers own all of the Preferred Series C and Preferred Series D shares.
Float- 156,915,067 a/o September 30, 2013
On February 25, 2014, the company approved the repurchase of up to 100,000,000 Class A common shares of the Company. On March 26, 2014, the Board of Directors agreed to increase the allotted number of shares in the Stock Repurchase Plan from 100,000,000 to 250,000,000. Over the next month, the Company intends to repurchase approximately 60,000,000 shares through various open market purchases along with the repurchase of an additional 40,000,000 restricted shares in privately negotiated transactions. Each subsequent month, purchase denominations will be evaluated case by case and be based on specific market conditions and actual derived revenue.
The company’s financial statements show no convertible debt or financing agreements. Fortitude has a current market valuation of $25 million and six weeks ago that market value was $406 thousand.
Conclusion:
FRTD has some very good qualities. The company is very open in its communication to the marketplace and the information is complete and clear. They are entering the cannabis business with its huge growth potential and the PRIMARQ business model is an exciting, if yet to be proven prospect. Regrettably all of the FRTD performance and share structure information is six months old, which is an eternity in the OTC markets. The FTRD press releases contain all of the “hot” topics that investors like. They are entering the cannabis business, share repurchase plan, acquisition without share dilution, and big revenue projections. FRTD is still a development stage company as far as documented information is concerned.
There are just too many red flags for investors to ignore at this point.
No financial data has been made available since 9-30-13.
The company has renamed itself five times since 2007.
20% of the company’s quarterly expenses for the quarter ended 9-30-14 were for Investor Relations and the other 80% was for salaries.
The company has no revenue as at 9-30-13.
The company website fortitudegroupinc.com is “under construction”.
The company seems to be making any deal that it can to see what sticks to the wall.
On February 14th FRTD shares traded at $.001/share and closed at $.0623 on April 4th as the company explores an entrée into the cannabis market space. Investors have dumped $25 million into this company based on the plans they have for the future. Some of the effective dates for the ventures mentioned above have passed, but no new press has come out confirming those ventures or agreements have come to fruition.
Major accumulation happening. Just look at the buys at he ask. Short percentage was down significantly yesterday.
This will correct and people will be chasing again soon.
GO FRTD
Shorts are retreating! Only 26% of shares were short yesterday vs the 55% short on Monday!
Its very likely the bear trap yesterday was to help cover and pick up shares from the weak hands before we run again.
Looking like the next leg up starts tomorrow.
I need a pair of sunglasses because how bright FRTD's future is looking.
http://otcshortreport.com/index.php?index=frtd&action=view#.Uz0rW1cWOSk
GO FRTD