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Restricted Shares-- Does anyone know what happens with those in this acquisition, or pps on those?
Thanks, King. I appreciate it.
Does anyone know what this post means-- saw it on my etrade news this A.M. What is Procap Funding? No additional info with the announcement....
*DJ Fortitude Modifies Proposed Acquisition Of ProCap Funding, Inc. >FRTD
Apr 30, 2014 09:00:00 (ET)
(MORE TO FOLLOW) Dow Jones Newswires (212-416-2800)
April 30, 2014 09:00 ET (13:00 GMT)
Copyright (c) 2014 Dow Jones & Company, Inc.
Would like to see Q1 financials and see how all these transactions net out, where the cash influx is coming from and actual hard data.
I'm right there with you and feeling very foolish for first buy in @ 1.38 and second buy in @ .68, now waiting for a clear bottom before trying to average down again, but admit to being very nervous about all the downward trend in the MMJ sector-- waiting to see if the SEC is done with their cleanse.... I am very long on MMJ stocks-- thinking of all of these as at least a 2-4 year play with short term buys and sells to maximize profits. However, this is a very rough month to be in this sector.
Yes, Good news.
Even better would be a replenishment order, so we can all be convinced the product is being well received....waiting patiently. :)
FRTD needs to be strongly encouraged to post financials and other data stating accomplishments in addition to the visionary statements already done. All companies within the MMJ umbrella must rise to the higher (no pun intended) level of transparency to build back confidence in the sector.
For those members of this forum who have direct contact with Parilla and the others, please encourage this. We, their investors, need DD to be made easier, so that more investors will feel comfortable buying and these mass sell offs can become fewer and farther between.
I am still holding a portion of my shares and waiting for the knife to stop falling, before taking advantage of averaging down and waiting for the next bounce- which I am certain will happen eventually. This is now my same strategy for the sector as a whole. As much as the money is begging me to be invested, I don't think the bear has run his course quite yet.
All of this is JMO.
Thank you. Has there been any further announcement that Beta testing was completed today, as stated? Are they cleared to open business tomorrow.
Also, does the name change affect the Amazon relationship that as mentioned a couple of days ago and do we have any announcement from Fortitude itself on that item?
This west coast girl will be getting up with the roosters....
Does anyone have any update on the website launching tomorrow other than hear-say?
So, because I am new to suspensions-- In a case like you've mentioned, does the company still go to the grey's, or what happens when the suspension is over?
Bingo-- I've got to admit PHOT being halted has me a little concerned.... on the MMJ index-- definitely a real company with real products. But-- This is the newest burgeoning idea and I'm here to stay. Just keeping a close eye out on stock movements and being more careful about getting out and buying back on strong dips.
GLTA-- The long term future looks very green. :)
Sold 50% last night before close-- now looking to buy back in with greater # of shares....love the swings on this one. :)
Thank you!
The entire MMJ index is red today-- not a single green...perhaps some downward pressure to FRTD from this broader pessimism today?
http://marijuanaindex.org/
Agreed-- I'm looking at the overall MJ sector as a 3-5 year play. High growth/loss/risk to continue through the 2016 elections. Now is definitely the time to get in on the ground floor and hope that the next 2 elections are as favorable to the MJ market as predicted.
Good to know-- If it is Parilla, than he better get going on his "to Do" list. ;)
Conclusion from the analyst: http://stocksimpossible.com/?p=342
I am loving the swings in this stock and don't think the play is necessarily over, but feel like several of the flags could be eliminated easily. Hope that FRTD continues to get it's act together, that it starts reporting financials and finally gets it's website going...
"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."
Just published:
http://stocksimpossible.com/?p=342
Feels Toppy to me... Out for now, will be back.
JS8797-- You are spot on.
I believe it's been pumped and now it will be dumped, but Parilla is a great idea guy-- He'll come up with something else in the future and the cycle will repeat. :)
I don't see much happening with the 420banc card. Other more established businesses poised for similar products and I can't see how big banks won't be involved within the next 18 months- As soon as visa/mc/amex are usable, then special 420 cards will be obsolete. This is a product idea with a very limited shelf life being hyped as a great profit maker by a company with no assets to promote.
Additionally, there is still no FRTD website, which has been promised for over a year and no financial statements.
How are they affording to buy back this stock-- donations from the executive board, or venture capitalist perhaps? Capital Infusion would be great news to publish and would support believability in projections and send stock price up.
How does FRTD profit, but not pay? Logic is missing here, buyer beware if holding for the long term. This has been and appears like it will continue to be a great cyclical play-- but not based on any real business ever coming to fruition. If investor is hoping to dollar cost average down-- wait a while, before doing so, don't waste money buying on the slide.
I will consider buying back when volume has dried up and price has bottomed again.
Except with the last paragraph- all IMO
"SEC LASHES OUT - SUSPENDS 225 COMPANIES"
Just FYI, in case this hasn't been posted before. Goes toward the greater picture. (IMO) Terrible to be up 65% at 5PM and out 100% the next morning-- New lesson for me.
http://www.zerohedge.com/contributed/2014-02-11/sec-lashes-out-wolves-wall-street-suspends-225-companies
Thanks, EZBYKER-
Is anyone else concerned about FRTD following in PTOG's footsteps in regards to being suspended by the SEC?
I think they need to tread very carefully with what they say, or do. It would make sense that the SEC is watching these new players in the MJ market very carefully(especially those that have reinvented themselves several times)...another reason for FRTD to migrate toward accomplishment announcements vs. anticipatory announcements.
This is very much only in my opinion. Having just been burned in the PTOG example, I am now revisiting all my MJ investments from a new angle.
Please note: I am simply asking a question. I am in no way claiming to have inside knowledge, or reason to think FRTD is less than above board-- Just noting the commonality of identity shifting pinks that are entering MJ market from unrelated avenues; whose stocks are spiking way out of the 200 day moving average on this news and are who are speculated by others on this board to have been manipulated...
Not sure, how one could determine that when all numbers posted by company of estimates. For me, I'm not buying in today. I'm waiting to see how this week plays out.
For everyone that bought in above where it is now, I hope I'm wrong and it rises immediately. For my own strategy, I'm hoping it sinks further, so I can buy back an increased number of shares.. :)
Sold last week @ .024, when news of the dividend broke. I didn't like the smell of the AFFWD and agreed with SLOJAB's assessment.
If stock levels are to rise and be sustained,FRTD and AFFWD both need active websites and to start reporting financials asap. FRTD may also want to adopt a new policy of only announcing when something has been accomplished, so stock can rise on reality rather than dreams.
I'm now waiting for the dropping to cease before buying back in. Those of us around, since the RNDR days have seen this before. Silly to buy as it slides, but with patience, it is possible to make great money on this little gem.
All of this is IMHO
AFFW website listed on OTC markets.com does not pull up.. "under maintenance, or server error" Does anyone know when it will go live?
http://www.affinitym.com
Media
Company Overview of Affinity Mediaworks Corp
From
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=44263664
http://www.otcmarkets.com/stock/AFFWD/company-info
How does Primarq = AFFW?
Why one listing wih HQ in Canada and the other listing it in NY?
Why didn't this news post under AFFW as well? Snapshot on Etrade shows nothing. No news, No Trades. Average volume 27 shares per day?!?!?!
Hoping this is real, fingers crossed and waiting on any MMJ news to get the momentum moving again.
Company Overview
Affinity MediaWorks Corp. focuses on creating a network of physicians and treatment centers that offer patients homeopathic and alternative treatment solutions to combat cancer, diabetes, rheumatoid arthritis, and other illnesses worldwide. The company was formerly known as Green Bikes Rental Corporation and changed its name to Affinity Mediaworks Corp in January 2010. Affinity MediaWorks Corp. was founded in 2007 and is based in Moncton, Canada. Affinity MediaWorks Corp. is a subsidiary of Cortland Communications, LLC.
96 Norwood Avenue
Suite 214
Moncton, NB E1C 6L9
Canada
Founded in 2007
HEMP and all MMJ stocks are a long term play with short term spikes and falls, just depends which tax category you want to play in.
Buy on the dips and sell off on the spikes as major legislation, or election results create more interest in the stocks.
I bought HEMP at .07 after the 2012 elections and bought more on the dips, then sold 1/2 at .305 and now looking to rebuy in as soon as the bottom is tested.
This will spike again before the prohibition is finished. IMHO
The first weekly conference call that was missed was due to the weather with Hurricane Sandy and the fact that all financials were closed that Weds. Since then, I've not been seeing comments, or references to subsequent meetings on the message boards. Have there been any in 2013 YTD, or is one scheduled for next week?
I am looking or a publication date on the financials for the last quarter of 2012. One that would reference gains and losses from the deals cut last fall, so that stock holders can get some fresh info & walllstreet... can stop cutting and pasting old rhetoric.
Would like to have some fresh news from the source that is verifiable.
Does anyone know when last quarter's financials will be released?
Also- Did the conference call happen yesteday, or will there be one next week? Seems like the regularity of that call has been missing since Sandy. Would be nice to get weekly updates again to keep the gossiping down.