Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Am i wrong but couldn't the SEC have suspended the ticker because they put news out without any publically current info and ran a promotion, which would put investors in harm way?
Nope of course not they must now file to have a broker quote the stock. If they can't get one to do it, it remains on the greys forever. It will open on the greys for sure, question is will the company find a broker to quote the stock and file the necessary forms?
By the look of it with nothing updated yet, doubtful at best.
Well if the spinoff shares are issued on Monday than obviously everything your saying is spot on, but i highly soubt they will issue spin off shares of a stock that is suspended. Unless of course everything your saying is spot on. Guess we will find out next week when we check our broker accounts on Monday! Thanks for sharing!
Appreciate the feedback and pray your right in 10 days.
And obviously i've seen that. I haven't seen this many posters on a board like this daily in a long time, obviously there is a reason for that by a group ect. That isn't hard to figure out and is blatantly obvious.
Just concerned why FITX hasn't gotten things in motion if the problem can be resolved as easily as you say. It should of been taken care of by now no?
Also, Punto, if that was the only issue don't you think the company would have taken care of this by now? There one Q report an attorney letter short according to you.
If that were the case all it would take is a day or two to fix, its now close of Wednesday and they haven't posted a thing. That doesn't concern you?
Trust me i hope and pray your right but like i said the SEC wouldn't IMO make a drastic move like that to kill a company for 10 days if it was JUST due to a late Attorney letter.
They know better than that and would leave themselves open to being sued by the companies for acting in this manner when the company ISNT even SEC reporting. If that were the case i think we would have not seen a suspension. JMO
Yes, the SEC stated fillings were out of date which put the investing community in jeopardy BUT it also stated questions about who is running FITX and IGRW. So there was more in the letter than just a comment about fillings.
Punto, trust me i pray thats the only issue.
But im sure and have SEEN first hand companies without current fillings post PRs and they were never suspended.
Back in 2014 SMVI put out 4 PRs with financials that were delinquent for over two years. They were extremely delinquent and the SEC never did a thing about it or suspended the stock while i was there. Thats just one example, i saw first hand.
So i highly doubt the reason would just be due to that, if that were the case like i said the SEC would be WAY WAY out of line by doing something so drastic. Which makes me strongly believe there is some type of other issue.
IGRW was suspended as well, yes they are delinquent with fillings as well and were suspended 10 days and they haven't put out a PR in 9 months, so the story doesn't add up to me. Whats your thoughts?
Thanks for trying to get an update.
But the problem with that is FITX isn't a SEC filer so why would them being a little behind on financials cause them to suspend the stock for 10 days. If what you are saying is true the company would have a real case/lawsuit against the SEC taking such drastic measures against a non-reporting company.
Thats why I don't think that can be the only issue a attorney letter. The SEC doesn't care about OTC filling requirements and wouldn't take such a drastic measure in suspending a stock for something like that for 10 full days.
Trust me i pray your right but again the SEC if that were the reason acted in a brash manner which would be unacceptable and surely lead to a few lawsuits against them.
Thats why I believe there HAS to be more to this than just late fillings for NON-REPORTING SEC companies. You disagree?
Nah man very depressing. Haven't seen the company try to rectify the situation at all
4 days into the suspension and nothings been done. No financials, no attorney letter, Nevada still delinquent, no brokerage form submitted and no PR from the CEO atleast stating they have identified the issue and working diligently on it and will have updates shortly.
If they were going full out to fix this im sure they would have taken care of SOME of these issues at the least by now
Heck to update Nevada takes a simple payment and could have been taken care of if they wanted to in an hour on Monday morning but they haven't even done that. I understand all the other issues take some time to complete but the Nevada update to give SH a flicker of hope hasn't even been addressed. Pretty telling right there IMO, sick to my stomach bro
Yup.
If theres fraud atleast legal action can be taken, we will see if we hear anything from Mr. Vazquez the CEO regarding any of this. Its been 9 months without a word from him so im not holding my breath he speaks at any point.
Well lets face facts CEN spin off won't come to much if anything if this situation is ever resolved which is doubtful. Anyone investing in FITX i hope invested for the energy drink and hope they hit the lotto with it.
FITX/CEN no longer IMO has anything to do with the cannabis industry as the spin off if it even ever happens I doubt will ever even be quoted or reach pink status.
FITX is an energy drink company. Even though the industry is dominated by a few players the hope is they could have found a small niche in it. With the way things are looking that appears dead as well
Not a word from the company 4 days into the suspension, no updated fins, No PR to investors stating anything, nevada still delinquent no Broker form submitted, nothing. Its Wednesday now, looking pretty bleak for us holding shares.
If company was going to TRY to take action to rectify some of their issues im sure one of the things i posted abovewould have happened by now SMH .... Earth to Mr. Robertson, if your closing up shop ATLEAST have the decentsy to put a PR out stating so and why, guess thats asking to much tho at this point from him. Thanks again Mr. CEO for bailing on SH without even a statement. If it was Bill or someone else who screwed you and the company with the SEC be a man and say so to your SH who you work FOR. PERIOD!
Holy smokes bro, very very impressive job. Hopefully the US follows canadas rulling and we have another 6 states or so approve recreational use during the elections coming up. Guess we will see but Canada must have some strong progressives running the show to get this done.
Wonder if it will just be legalized there everywhere soon. Looks its headed that way.
Lookis like from the picture you could start a nice business there with your growing skills, very impressive IMO.
Well that make CEN biotech worthless now. SMH. THings continue to get better every day here
So the ruling means canadiens can grow weed at there house with no penalties or restrictions?! How much is allowed and wow that is a crazy ruling. Talk about progressive.
Aren't we all? But at trips 1 i'll take whatever i can get for a lottery play. At this point why not lol.
Okay, thanks.
I'll take a few from you at .0001 on friday and just hold them for a couple years and hope one day something happens. GL
IGRW
Yes, i see what you are saying now.
Im not saying it does im just pointing out what i find.
Filling:
STOCKHOLDERS' (DEFICIT):
Preferred stock, Class A Preferred Stock
1,000,000 shares authorized, $.0001 par value,1,000,000 shares
issued and outstanding at September 30, 2015 and 2014 100 100
Preferred stock, Class B Preferred Stock
10,000,000 shares authorized, $.0001 par value,0 shares
issued and outstanding at September 30, 2015 and 2014
Common stock, $.0001 par value; 4,789,000,000 shares authorized;
4,177,674,418 and 3,467,969,548 shares issued and outstanding at
September 30, 2015 and 2014
Yes in the comments section it doesn't state the Series B stock which it should clearly.
I'm not saying the OTC is a regulator.
My only point i made was they filled an amendment on 1/28/2015 to the common stock and preferred stock on the state of Nevada. Right around the time Jim took over which with his common shares also would give him control. But thats what im seeing.
All im stating is what i found. There is no series A preferred stock only series B. Of which 1,000,000 has been issued and 500,000 is owned by both gentlemen but James was also given 200 million maybe more of common stock when he took over giving him voting rights, no?
Im just telling you what i am finding by looking. On the same day the A/S change of common stock was increased there was a change in preferred B stock as well right around the time Jim took over.
Per the Annual filling he has voting rights but there is no attorney letter stating that information is correct, without it, it puts into question who is in control?
Yes they are. 2nd one on the link.
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=vV6cbvUb5XlwIiTXwgODhg%253d%253d&CorpName=CREATIVE+EDGE+NUTRITION%2c+INC.
Amendment of Preferred stock was issued on 1/28/2015 a 2 page notice which we can't see on Nevada.
I would assume this is when those shares were issued to James giving him control, but there is no attorney letter for the YE fillings on OTC.
Yeah they need an attorney letter stating those numbers are accurate which would give him full control of FITX. Without the attorney letter the annual financials which state that aren't considered current. Back to why the SEC asked who was in control of the entity. A attorney letter confirming the numbers in the Q are accurate would than show Jim has voting control now of FITX.
Yes fillings show both Jim and Bill have a 500,000 shares of preferred stock with 5,000 to 1 voting rights. There is part of the SEC question about who is in control if they both have the same amount of preferred shares. Jim is going to have to issue himself more preferred stock of the 10,000,000 available to demonstrate to the SEC he has FULL control of FITX now.
Actually Jim was issued 200 million shares for his drink so he might have complete control of voting rights now. He has close to what equates to 2,800,000,000 of common shares so he has control i think voting wize.
Well FITX is on the grey market as of today.
Okay.
AS of today companies that went from grey to pink:
EWLL
Yesterday:
SHRV
SBOEY
SBOEF
ROCEF
NWZLY
http://www.otcmarkets.com/market-activity/venue-changes
Lack of financial information and security control were questioned. This is what were down to manipulating whether i use the word requirement or statement by the SEC to FITX?
This is now what were discussing about the company which words i use and how i phrase them?
Good question whatever the complaint is. Guess we've moved on from FITX needing Audited financials that quickly?
UMMMM yeah i read that already and they need to meet ONE of those requirements and several of them don't need AUDITED financials. Are we actually reading the same thing or am i missing something?
It's the PINKS LMAO, if FITX satisfies the SEC requirement and gets EVERYTHING CURRENT and paid, its gonna be SO HARD to find one MM to quote them on the PINK Markets. Not the OTCBB or Nasdaq but the PINKS. Yes that should be VERY difficult to find. lol
Actually its not FRAUD at all, not even close, your joking right?
How many times do i have to say it. Randy Hadman was fined and barred by the SEC. The NEXT day the companies he had control in the past were suspended 10 days. I wonder maybe just maybe the SEC suspended the companies to MAKE SURE RANDY had ZERO control anymore in any of them. The DAY AFTER the fined and barred him and want proof from the companies. Ehhh that wouldn't make any sense, NVM.
Again I read and researched it audited financials are not a requirement for PINK COMPANIES for that form. Provide a link ANYWHERE stating FITX needs AUDITED financials to be on the PINK market NOT the OTCBB like you just tried to say. TY in advance for the coming link with proof.
FITX
Ummmm it actually stated very clearly it was questioning updated financial information AND who had control of the entities.
HMMMM control of the entities? Randy Hadman was JUST fined by the SEC and barred and all three stocks he was previously involved with are suspended.
And the SEC clearly states they want to know who is in control of them now LITERALLY the day after the ruling, wonder what the issue could be....hmmmm maybe they want to see proof Randy has ZERO control in any of the companies, ehh that couldn't be the case. That wouldn't make any sense for the SEC to want to see proof hes not involved in any of the companies he was part of in the passed the day after he is fined. Couldn't be.
What happened to the audited financials you literally just stated before which was a requirement for FITX? Not the case anymore now that i picked up on the fact it was talking about OTCBB companies? SO thats out the window now? On to the next story?
Until I saw it said for OTCBB COMPANIES which FITX obviously is not, what happened?
Do you have a link or something im not aware of regarding securities fraud that the SEC is reporting on $FITX? I must of missed it, can you please post the link so i can get up to date on the knowledge you have on the matter.
Depends if there is securities fraud or not. If there isn't than YES the situation can be rectified if there was fraud than probably not.
I read the letter several times and never saw the SEC state fraud.
Ummmmm yeah obviously to be on the OTCBB you have to have audited financials....
FITX is on the pink NOT the OTCBB but nice try. ANyone that actually reads that article in full can CLEARLY see for a PINK COMPANY audited financials are not required for the form. Geez.
Yes a MM would do it depending on the complaint and depending if it was resolved. Thats fantasy world if you think one wouldn't if they get everything current and comply with the SEC. Without question they would and wouldn't need audited financials if they have an attorney letter stating all of the infomation is current and correct which is one of the things they currently are missing.
Okay you could very well be right. My point is shortly after that depending on what the issue is they could be back on the pinks in March.