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They have 10 years if they want too or 10 days. It depends on the SECs complaint and if the company is willing to spend the money needed.
None of us have any idea of what the actual SEC complaint is. All i know is rands was fined by the SEC again and the next day the SEC suspended all three companies he had involvement in the past asking for who has control. Makes me think they want to make sure he has NOTHING to do with any of them anymore as im sure the SEC will make sure he NEVER is in a management position of a public company again or a 3rd party funder.
May he be able to invest in stocks like the rest of retail traders? Maybe or maybe not, idk. But i do know the SEC will NEVER allow him to get anywhere near a publically traded company and control of it.
That's great news one less expense of the many FITX has depending on the true nature of the SEC complaint.
The spin off is meaningless to most invested here, they are here for Giddy Up as even if CEN shares are received it will probably never even be quoted on the OTC anyways.
Ummm of course they are on the Greys, they were suspended 10 days. Any stock not quoted for a few days goes there, with that said if i read the SEC letter correct it doesn't mean they can't quickly go from the greys to the pinks if there isn't any security fraud from current holders.
Well than one less fee for FITX than the 7 or 8 fees i listed that need to be paid, good news.
How exactly is that fantasy for me to have read the SEC letter that way? Randy gets barred from the markets and fined and the next day companies he was involved in are suspended 10 days and the SEC is asking for control questions of the companies? COuld i be dead wrong? Surely never said i couldn't but thats how i interpreted it.
I don't believe Bill has much to do anymore with $FITX or Giddy Up. He is involved with CEN a spin off, which will be a worthless company and probably never even quoted on the OTC. So yes hes probably broke and spent all his money and has to sell his homes.
Geez, by that i meant it costs money im sure to have a broker back any security, they don't work for free.
Not a deadline, there you go again trying to twist my words to your stance. They are suspended 10 days and WILL go to the greys unless they can prove IMO that Randy isn't involved.
Again, if there is securities fraud with any of the companies YES they are toast, but idt any of us have any inside info from the SEC? If you do please share.
AGAIN I AGREE. But once they fined and barred Randy they suspended all the companies IMO to prove during that time frame he is no longer involved. They now have to prove that or they will be on the greys forever.
Could the SEC have looked to see if there was an attorney letter stating the fins were accurate on OTC and than were going to take a look to see if Randy had any association? I surely think thats a possibility.
But thats not the point, the point is all three companies happened to be suspended 10 days after Randys ruling came down and the letter questioned control of the companies. Which again tells me that FITX has to prove there Energy drink is real and legit and Randy officially has nothing to do with the company. After that they still have to get everything current and do the steps i stated to have themselves removed from the Greys which DOES involve now OTC requirements.
I never said he would. Its up to Mr. Robertson to find a way to come up with the money to get things current and prove to the SEC during this suspension Randy is no longer involved in ANY capacity.
And i never said anything diferent you only pasted a fracture of what i said. The reason financials mattered to the SEC was because they JUST FINED RANDY 6 figures and saw he was involved with all three companies.
They probably went to the financials to see what they looked like and who was in control and if randy had any control and the SEC saw they were delinquent. Now they have 10 days to get current prove randy has NOTHING to do with the companies and go through the process i outlined which is very expensive.
Thank you and i understand that once AGAIN. But what YOU don't seem to understand is what I AM SAYING!
Randy was barred from the markets and fined 6 digits the day before all three stocks were suspended. Quite the coincidence if you ask me. The SEC from what i read wants to see whos in control and make sure he has NOTHING to do with the three entities anymore.
When they probably went to look at the financials to see if he had any control left or stock they found out all the financials were delinquent so there was no way to tell. They were all suspended 10 days and have that time frame to get current and PROVE to the SEC IMO Randy is no longer involved with any of the three in any capacity.
Bill is selling his homes i highly doubt hes in the position to lend anyone any money let alone probably 6 figures.
$FITX
That point is fair enough, like i said it would take BIG MONEY to take care of all the issues as long as its not security fraud from current 3rd parties. Probably close to 100K to get everything back to current, updated and lawyer fees.
At this point we haven't seen a single update anywhere, hence the true reason most of these that go grey never make it back because it costs a crazy amount to get everything right and these CEOs don't have a tenth of the money needed.
The only time a stock is officially finished is for securities fraud and again reading the SEC letter I read financials not updated and control questions. Nothing about securities fraud, again the company would have to pay BIG money to than resolve the other issues.
- Pay OTC there annual fee
- Pay to have financials updated on site
- Pay a CPA to do financials
- Pay an attorney to find out the reason it was suspended
- Pay an attorney to write a letter stating all info is current
- Pay Nevada to get current
- Pay a Broker to back the stock/security again
- Plus any other fees im missing which im sure is plenty
VERY expensive and for 99.9% of CEO's and penny companies the fees needed to be paid are to much for them to come close too not to mention its not worth it to them to spend the money to fix the problem to begin with.
Of course im bias, im a SH and you are as well.
What you posted is 100% correct and if that is the reason which i anticipate it was suspended that is GREAT news for investors.
The only thing that would be awful news for investors is if Randy is still involved at all with the companies or the current 3rd parties have committed securities fraud.
If not than FITX has no problem resolving this if they want to. But again 99% of companies never do because it will cost close to $100K to resolve for the issue you stated. How many penny CEO's have a tenth of that money to resolve the issue, little or none. SH can only hope FITX spends the money to get this right.
I don't see how this is so hard to understand. Nobody knows for sure what the suspension is for unless they have some info none of us have. If its not for security fraud from current stock holders than again YES this can be resolved if they spend the necessary money, which will amount to close to or more the SIX FIGURES over the next few weeks.
Umm really because on OTC markets it clearly states:
Promotion/Spam without Adequate Current Information — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public. OTC Markets believes adequate current information must be publicly available during any period when a security is the subject of ongoing promotional activities having the effect of encouraging trading of the issuer's securities. At such instances, as a matter of policy, when adequate current information is not made available, OTC Markets will label the security as "Caveat Emptor." Promotional activities may include spam email, unsolicited faxes or news releases, whether they are published by the issuer or a third party.
Guess what there was a promo and news put out the same day which is clearly a no-no with the SEC if your not current anywhere. As state above it puts investors in danger and would require a suspension.
AGAIN you think its some type of coincidence all three companies were suspended THE DAY AFTER RANDY was hit with that fine. Of course the SEC wants to make sure hes not involved with any of them anymore and they couldn't confirm that at the time because fillings were past due and delinquent with OTC and Nevada.
Not even remotely close if im reading it correctly. You think Randy was fined and barred from trading stocks the day before all THREE were suspended?! I don't think its a coincidence, they were suspended and given 10 days to proove IMO he no longer has any involvement in any of the companies. Guess we will see soon enough.
$FITX
OR as i JUST stated financials weren't current with OTC or Nevada and a PR and promotion was put out which is against SEC rules. Regarding the 2nd half AGAIN the SEC wants to make sure Randy has ZERO control or stake in any of these companies anymore and want proof of it before they resume trading again.
Anyone can read that however they choose too and tilt it in their favor. BOTTOM LINE none of us know for SURE.
$FITX
AGAIN, you are acting like you KNOW EXACTLY what the suspension was for, you and I don't know. If its for fraud and stock manipulation than yes you are probably right. If it is for another reason than yes money would fix the issue and quick.
You really think it was some type of coincidence all THREE companies were suspended the day after Randy hadman was fined by the SEC? Obviously not, they suspended every company he ever had dealings with the next day, thats obvious. If these companies (FITX) can prove he is no longer involved and has nothing to do with each entity what-so-ever and no stock than YES what i posted is 100% correct.
Agian, NONE of us know exactly why the companies were suspended, we can speculate all we want. Some will say financials were out of date and the company put a PR out with a promotion. Others will claim its due to fraud with securities and others will say they suspended each company 10 days after the Randy Hadman penalty was dealt to prove he heas no control or interest anymore in any of the companies.
If its the 1st or 3rd reason than yes it can be rectified by spending a lot of money to get everything resolved and quickly. If its the 2nd reason for fraud with people still involved than you are correct and this will be on the Greys for years maybe forever.
Bottom line NOBODY KNOWS FOR SURE, what the reason is exactly.
If they spend the money they could probably resolve this and quickly. BUT it would probably take ATLEAST 50K to do so, maybe much more. 99.999999% of OTC companies can't even come up with 5 to 10K let alone 50-100K hence the reason there stocks just die without anything ever happening after suspension.
Could FITX spend that type of money to resolve this? Yes and probably quickly but thats a whole lot of dough to come up with and it might cost more than even that amount.
Thats just to have FITX reinstated. There probably looking at close to $300K to have all three resolved. That type of money doesn't grow on trees and is a heck of a lot of money to come up with.
Fpr all three companies they would have to pay OTC Markets to get current, a CPA to do financials for each company, Pay the state of Nevada, pay an attorney to look into the matter, pay the attorney more money to resolve it and post a letter stating the financials are in good standing and pay more money to find a market maker to stand behind the companies. That ends up being a WHOLE LOT of money. If they spend it FITX will be back if they don't it will die forever. So far nothing has been updated on OTC or Nevada for the company so thats not a great sign to begin with.
We can only hope they do at this point though.
JMO
Depends if company does anything or not. Most of the time, 99.9% of the time when companies are suspended they fold up, not sure what FITX will do. If they get financials updated, submit an attorney letter stating the financials have been reviewed and are accurate and a form is submitted to the SEC (forget actual name) with a broker willing to support company, and lastly get current with the State of Nevada.
If and ONLY if ALL of that is taken care of and the company can show the drink is real, the PRs released are actual deals they have in place and the product is set to hit in the next couple months....than YES i do believe it will go back to pink.
One last thing that will have to be proven is that Randy Hadman has NOTHING to do with ANY of these companies anymore and any stock he might have still has been cancelled. This is a key part as well as i HIGHLY doubt his SEC fine and suspension just happened to come one day before all THREE tickers were suspended.
If they can get ALL of the above done than yes i believe this will trade on the pinks shortly after suspension. With that said almost all companies at this point don't spend the $$$ necessary to get all of the said above done and completed as it is very expensive to do so most just call it a day.
Question is will FITX get things updated this week and next with everything or not? That will tell us all we need to know in how they plan to go about this.
Like i said all of the above costs 10s of thousands to complete and get everything current with OTC, Nevada and Lawyer fees thats the reason most go to the greys and stay because its simply to costly for them to take all the necessary steps.
I guess we will see soon enough if FITX is serious about getting this all resolved or not in the next couple weeks. GL
$FITX
You won't have any issues adding more soon $FITX
OTCmarkets.com is a fake website?! Okay that sums it up, moving on if you actually believe that lol.
FITX
Basically trading at zero anyways so could care less if this one opens up on Greys as long as they rectify the issue shortly there after. Not like this one is trading at .008 and will open on the greys at .001. So w/e.
IGRW
He was referring to PH** being re-instated not $FITX I believe based on who he responded to.
$FITX
Do you have some inside info that we don't on why it was suspended exactly?
Obviously, it goes to grey market once suspended until they reply to SEC with the complaints they have. That was a given, question is will company take the actions to rectify the situation or not.
IGRW
.05 per share good until cancelled
IGRW
Hope and pray so as a SH, I just don't see how you could be so optimistic that we will be trading as normal a week from Friday. Hoping for a hail mary TD here
$FITX
Why do you keep repeating this as this is highly doubtful? You can't truly believe that?
Holding my shares for silver .05
IGRW
Hmmm very interesting article on $FITX:
http://www.mmj.today/potential-criminal-indictment-of-stock-basher-matthew-finston/
Ehh your right but .001 sell .002 day 1. Still risky but probably a solid chance to make a good trade on the crazy gap down in the AM in two weeks.
You're right.
All right fair enough, was just looking out, hopefully sumtin positive happens over the next few weeks, can only hope, but doubtful
Yeah looking like many will be facing jail time and lawsuits in the very near future.
Good way to lose all your money buying this turd on the Greys no matter what the price is. There will be ZERO buyers and all SElLLERS.
80% would be very lucky to get out next Friday at that loss.
This will be at .001 on March 4th on the Greys. Than the tripps the following week.
My point is if this ends up on the Greys it will be in tripps within a week or two. Which means everyone's investment here is 100% gone if they don't rectify this and extremely quickly.
Let's see if they have done anything over the weekend tomorrow.
We better hope so.