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Ive been long FITX for over a year but now is the time to sell trust me
SELL SELL SELL
Your right I don't know that, and as far as I know it will never happen, just a possibility! Good luck tho not trying to bash
Hey i can respect a low float. Dont like INAR either tho. If youd like an undervalued company with solid profits, strong fundamentals, and greater upside potential that isnt over hyped look at SPLI. Thats an honest recommendation from my full-time job of technical and fundamental research, not trying to promote it or anything like that.
Its nice to know that 2 random strangers on the internet can still have a civilized discussion with opposing view points ha you just dont see that a lot. good luck to you sir
Hey its hard to see any downside from the chart, but it sometimes the fundamentals are equally as important. Not saying this stock will go up or even down for that matter, just encourage all to do their homework before buying in
The fun part will when they throw in another 250mil shares when the creditors and lawyers start calling
Re-loading for the next leg down?
Im not trying to unfairly bash, just dont see why anyone has faith in this company
Correct, and Amazon trades at 552x forward earnings. But why are they valued despite losing money? Because they have a strong business model. Do you think SPMI does?
A "turn around story"... in the otc? hahaha
There is no turn around story, the only way a business succeeds is with strong business practices. Why Do you think SPMI is such a fantastic company?
I wouldnt expect a company with a $20 million defecit and failing business practices to trade at 24x times its total earnings (which in SPMI's case is a massive loss).
I would think its valuation to be closer to .0009
Wouldnt you agree?
SPMI MUST READ
Below is my brief summary of the future outlook for SPMI. All information below is publicly available and quoted exactly from its primary source, cited below. This is intended to be strictly factual and not meant to portray any bias, form your own opinions.
The original document is linked below and each section is quoted with an associated page # for refrence.
Some notes from SPMI's 10K filed on March 28, 2014 for the period ending December 31, 2013. Linked here http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9887291
1) We have experienced recurring net losses which have caused an accumulated deficit of $20,544,723 at December 31, 2013. We had a working capital deficit of $2,059,921 at December 31, 2013 compared to a working capital deficit of $1,301,115 at December 31, 2012.
--> This means the company is consistently losing more and more money for the past several years. (Page 4)
2) Net loss for the year ended December 31, 2013 was $814,482 or $(0.02) per share, compared to a net loss of $656,037 or $(0.02) per share for the year ended December 31, 2012. Revenues for the year ended December 31, 2013 decreased 656,664, or (8.5%), to $7,095,937 from $7,752,601 in the year ended December 31, 2012.
--> Not only has their yearly net loss increased by -20.56%, but their yearly revenues have also lost -8.5% (Page 4)
3) Our revenues for the fiscal year ended December 31, 2013 and for the fiscal year ended December 31, 2012 have been insufficient to attain profitable operations and to provide adequate levels of cash flow from operations. Our near-term liquidity and ability to continue as a going concern is dependent on our ability to generate sufficient revenues from our store operations to provide sufficient cash flow from operations to pay our current level of operating expenses, to provide for inventory purchases and to reduce past due amounts owed to vendors and service providers. No assurances can be given that the Company will be able to achieve sufficient levels of revenues in the near-term to provide adequate levels of cash flow from operations. As a result of the Company’s history of losses and financial condition, there is substantial doubt about the ability of the Company to continue as a going concern. (Page 4)
4) During the years ended December 31, 2013 and 2012, due to insufficient cash flow from operations and borrowing limitations under our line of credit facility, we have been extending payments owed to landlords and vendors beyond normal payment terms and deadlines. Until such vendors are paid within normal payment terms, no assurances can be given that required services and materials needed to support our operations will continue to be provided. In addition, no assurances can be given that vendors will not pursue legal means to collect past due balances owed. Any interruption of services or materials would likely have an adverse impact on our operations and could impact our ability to continue as a going concern. (Page 5)
--> The company clearly admits it hasnt even been able to pay its landlords.
5) Unless we obtain new sources of operating capital, our growth in 2014, if any, is expected to be limited to one new store and we anticipate that it would be financed through existing working capital and cash flow from operations, if any. We cannot be certain that we will be successful in generating sufficient cash flow from operations to expand our operations at all. Our growth and expansion would be curtailed if we are unable to generate sufficient cash flow to fund the growth and expansion. (Page 11)
--> They dont have enough money to open new stores.
6) Our revenues during the years ended December 31, 2013 and 2012, as well as to date in 2014, have been insufficient to attain profitable operations and to provide adequate levels of cash flow from operations. During the years ended December 31, 2013 and 2012, as well as to date in 2014, due to insufficient cash flow from operations and borrowing limitations under our line of credit facility, we have been extending landlords and vendors beyond normal payment terms. Until such vendors are paid within normal payment terms, no assurances can be given that required services and materials needed to support our operations will continue to be provided. In addition, no assurances can be given that vendors will not pursue legal means to collect past due balances owed. Any interruption of services or materials would likely have an adverse impact on our operations. (Page 11)
--> They anticipate getting sued for not paying their creditors and landlords.
7) We may be unable to attract enough consumers to cover our development expenses or our sales and marketing expenses to promote our iPhone application, Carbonga . Our profitability could be adversely affected if we are unable to attract and retain paying customers for Carbonga to cover our ongoing expenses related to Carbonga . (Page 13)
--> Their app is $4.99 on the app store, has no reviews, isnt even called Carbonga (its called Carbonga-SRI in the store), and as far as i can tell looks utterly useless and overpriced.
8)Our business now depends primarily upon the efforts of Mr. Richard A. Parlontieri, who currently serves as our President and Chief Executive Officer. We believe that the loss of Mr. Parlontieri’s services would have a materially adverse effect on us. In this regard, we note that we have entered into a rolling three-year employment agreement with Mr. Parlontieri. We maintain key-man life insurance on Mr. Parlontieri.
If our business grows and expands, we will need the services of other persons to fill key positions in our company. We may not be able to attract, or retain, competent, qualified and experienced individuals to direct and manage our business due to our limited resources. The absence of skilled persons within our company will have a materially adverse effect on us and the value of our common stock.
--> Havent you given up at this point?
lol really
HE POSTED THE VID
Thanks to MADDSTACKER for keeping it real haha
Have yall seen this yet?
http://www.5wpr.com/clients/NutitionPRFirm.cfm
When is the CNBC piece?
NEW FB UPDATE
From bill via fb:
"I will reiterate… There are NO current plans for a reverse split or an increase in authorized or outstanding shares. We are exploring the share buy back options."
YES
Its a rerun from august guys
I also vote to sticky post 60359
Important News!
http://www.cnbc.com/id/101314084
Ive installed over 3,000 ft of 6 inch PVC for a water main in a matter of days, not to mention a trained electrician could wire an empty warehouse in a time frame of hours lol not months
1.5 tons of dirt is equal to 1 cubic yard. for a 54,000 sq ft building this is basically spot on if you consider added amounts for driveways, parking, etc..
lol please give us the equation you used to determine that 50,000 tons of dirt is equal to 10 billion cf
Trade Amounts???
Could someone please screenshot or relay some notable trade volumes? The trade tab here isnt working for me
Good observation there sir, you know what comes after the flag is finished :)
I definitely agree with what you're saying about wording, especially from a CEO a bit of poor word choice can really go a long way lol
And Im not disagreeing with your second point about the fact that at least be someone should be capable of taking site photos. But from experience working construction, if work isn't happening on a site because of weather then there isn't a snowman's chance in hell a contractor or supervisor would go or already be there.
Just my 2 cents haha not trying to start another war on this forum :)
Long and strong
I've done very little research on Mr. Chabaan, but if you could share what you've discovered I'd be more than interested to know, and if you could document a few sources in your response I would greatly appreciate it!
April 1, 2014
Ive seen a lot of confusion on here recently about the company's latest financials and the restricted shares that become available on April 1. So now is the time to clear some misinformation.
1) The billion or so shares that become available on the 1st are restricted stock. Restricted stock is a security that has already been issued and thus has already been counted in the company's total 3.5B shares. Restricted stock is typically used as a method of payment to employees or partners in exchange for services when a company does not have the cash to pay outright. This does not result in dilution of any kind, and for all intents and purposes this is just normal stock that is not able to be sold until the day it is released, in this case April 1, 2014.
2) Coincidentally, also on April 1, the company is expected to receive their license to grow and thus begin their operations. Because of this, the share price is likely to shoot through the roof that day as new investors with big cash are fully convinced of this company's profit potential. Volume of shares traded that day will be huge as people fight hand over fist to get a piece of the action.
3) If the entities holding these billion shares of restricted stock all sold their shares on a normal trading day, the share price would crash and burn. However, they will be selling their shares on or later than April 1st, when demand is at an all time high. Even if all 1B shares were to be sold that day, more than likely there will be thousands of people dying to take them off their hands. This means that the share price would essentially be protected from the mass sell-off of shares.
Restricting these shares essentially is an insurance policy to pay a lot of money to employees/partners in securities, without that insane amount of shares crashing the stock price when those entities chose to sell their massive holdings.
This is a very well thought-out strategy that enabled FITX to purchase a lot of assets with their securities, while simultaneously covering all of their bases down the road and ensuring the longevity of their stock. Plans this smart and forward thinking are a very positive indicator of their strong fundamentals.
Analysis of today's trades
Buy volumes of:
6,761,380 - $137,256.14
3,000,000 - $60,900
4,000,000 - $81,200
What can we, as investors in this company, analyze from these buy amounts?
No investor with that much cash would ever invest those amounts of money in a stock trading @ .0203. Also, if those amounts were leveraged then someone is putting a very trusting bet on the success of this company in a financially monumental way. Windsor Times and Seeking Alpha have waged a bear war the past few days, in my educated opinion, in order to temporarily lower the share price below it's normal floor, an opportune time for Money Managers to buy large volume. If the price typically rides at .022, buying at .0203 gives money managers a bit of breathing room to liquidate their stock, should something drastic happen. These types of purchases indicate to us that big money is beginning to get interested in this company in a big way. An investor with that much capital to invest is typically a smart and successful individual. A smart investor with this much confidence in our company should only lead us to one conclusion. Buy and hold.
Money managers got into their employment position by making consistently successful investments. By analyzing this situation we can use the transitive property of success to reach the conclusion that FITX will too be a successful investment.
Volume is an effective way to analyze trends and predict the future of a stock. If there were a lot of multi million share blocks being sold, then something bad is typically about to happen. If those same amounts are being bought, typically something good is on the horizon.
Using the above information you should make an informed decision on whether or not you want to buy and hold, or pull out. Use hard facts and logic to reach your desicion, not rumors, opinions, or other's misinformed beliefs.
Based on all of the above information, i recommend buying and holding this stock.
Material Refrenced:
http://blogs.windsorstar.com/2014/01/09/company-stock-soars-after-investment-announcement/
http://ih.advfn.com/p.php?pid=trades&symbol=NO%5EFITX
http://seekingalpha.com/
Not one single shareholder will sell on April 1.
A huge security position in a rapidly expanding company that hasn't realized its full potential yet, but is basically guaranteed to expand once they at cleared to grow on the 1st?
What would you do?
Definitely encouraging. Seeking alpha knows about FITX, yet tho chose not to include it despite its 200% increase earlier in the week. Hmm...
Its important to remember two key ideas in the stock market:
1) Your goal is to make money.
2) Everyone else's goal is to make more money than you.
The latter of the two is usually accomplished by convincing everyone on the gravy train to jump ship in order to make room for all the non-believers who have been doubting from the start, but don't want the train to leave without them.
I'm looking at you SA.
BUY & HOLD
FITX
No matter what anyone says I'm not selling a single share til 50+ weeks from now. The others on here know what they have and at the price they got it. No amount of negative speculation is going to convince anyone here to sell.
"That internet thing is going to be a total flash in the pan." -negative Nancy's back in the day.
This company is like Google.
FITX
What do you predict the 52-week high will be for $FITX?