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I never discussed the quality of cannabis. I discussed the physics of load bearing structures carrying solar panels chains, tension racks and lights all hung from an a-frame that appears to have a beam of 40 feet or more.
The best weed in Canada is grown in an underground mine... the reason is the temperature is consistent... but that is beside the point. Under ground means controlled lighting.
40 feet of chain isn't.
Lighting:
Yes. But power is a factor of distance. So ideally you would not have a large a-frame. You can suspend lights... but that roof already has heavy solar panel and lights need to be fairly dense so I doubt they can get that through an engineer.
And you will need a backup generator. Do you see one? They are quite expensive to power lights. Also, you need very durable transmission lines to power them. Do you see them? Most large growers have a substation near by.
Anyone who lives there... where is the closest high wattage substation?
And where is the water coming from? Where is a water heater? Underground water supplies freeze and this place will need a lot of it. Where is the plan for a... never mind.
Greenhouses:
Just to be clear in order for a "greenhouse" to work you need lots of sun which this part of Canada has when it isn't snowing AND more importantly you need a glass building. Or at least a glass roof.
The growing period outside a green house is only a few months. And, the ground is not what you would call "rich"... UNLESS this building is where those horses from the race track are stabled... now it all makes sense. Grow pot on horse shit... horse eats pot... wins race. Yes this spider web of companies and people make sense now.
So, I think Bill's plan (BTW has anyone found out who he really is yet???) is to higher some basketball players (that are already investors) and have them hole punch out the roof, or maybe tin can it... the another company called "SeeClearly" will invent a new type of glass to install up there...
Obviously, that is mockery. Again, I don't know if FITX is the one but I do know sun doesn't go through metal... and I knew that before I got a PhD in Physics.
If you want to play pennies you can't hold or "believe" any of the stories the "companies" tell you.
It is very easy for all that to be true:
Shaban, the gentleman that owns the property FITX is leasing and Tom the mayor have been involved in numerous projects together, including the Race Track.
Since Shaban is an investor in FITX and he originally built that empty warehouse with solar panels on the roof (but no wiring). So technically when building that to be a movie studio there was dirt moved. The foundation I can't explain but maybe they moved "rock" out of the way when the flatten the land.
Now, has any of this been done recently? That I doubt. The area got a huge snow storm 12/22 and has been frozen / under snow since.
This area in Canada has 1/4 unemployment. The local administrators seem to be willing to do anything to get jobs. You can infer what you will from that.
But, they are currently laying off police officials...
Also, is there insulation in that building (thanks everyone for the picture inside). It is cold in that part of the world for most of the year... just saying. That limits the grow cycle to just a few weeks or will make it impossible to heat. It isn't like the built a green house or a building with a glass roof... they built metal. Metal is a great conductor and not good for... well being anything other than a movie studio.
liquidity lesson:
The MM's have the ability to add more shares in the market or take them away at anytime. Usually, in the mornings they drive the price up for a few minutes... then slowly walk it down.
Sure. I am new to this board so I don't know the preferred style.
THis other guy Sam Alawieh in
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95994335
has been busy..
http://www.attorneyone.com/law-news/beacon-hillrxtra-solutions-products-recalled-due-to-lack-of-sterility-assurance/
http://ascrs.org/resources/fda-announces-national-voluntary-recall-certain-sterile-products-beacon-hill-pharmacyrxtra
Ever wonder who these...
http://blogs.windsorstar.com/2014/01/09/professors-criticize-feds-over-medical-marijuana/
people are?
You have the mayor on the right. Google him and you will find pictures. He has been involved in some questionable things in the past.
Then you have the investor. Google him. You won't find him probably. It will take awhile before you figure out who he is. He is here...
http://www.maranathanews.com/2012/06/20/surprised-writer-wins-top-prize-for-first-novel/
Joe Byrne, Chair
Partner, Hickey Byrne Barristers
And the name he goes by isn't "Joseph" it is Joe, but we will get to whole name change thing in a bit. And he happens to sit on the board of WindsorEconomic that is run by the lady along with Tom Bain... the mayor. So that seems... conspiratorial at best.
Now... google "Bill Chaaban" you will only find two pictures both from this week. Strange but ok. Now google "Bahige Chaaban" or "Bahij Chaaban"... do any of those pictures match? Strange. It took me FOREVER (hyperbole) to find him.
"Oct 12, 2008 - ACT FOR LEBANON. 3377 people ... Rania Hamady · Bahij Chaaban@bahige. chaaban · Bahij Chaaban" and there is more...
"Oct 4, 2012 - Bahige Chaaban · Edmonton, Alberta. Allaah Says (what means): "And the Lord inspired the bee, saying: Take your habitations in the mountains and in the trees ..."
Now the guy on the far right... try to find him. Anywhere.
Now find a resume for the last two, "bill" or Don (who by the way is really Gerry Strilchuk but no one seems to stick to one name. Anyways, find their resumes or employment history.
"Bill USA Chaaban" has an amazingly terse linkedin page
similarly for
Don Strilchuk (correct spelling)
I didn't attach the links because linkedin is easy to search. Just look for "Bill USA Chaaban"
Gerry Donald apparently was looking for gold recently and not a security professional.
http://www.web2.mnr.gov.on.ca/mnr/omlc/Meunier%20v%20Antony%20James%20Maciejewski%20et%20al%20-%20Amended%20Order.htm
http://www.mci.mndm.gov.on.ca/mines/aboriginal_relations_unit/quarterly_reports/pdfs/2011/q4/5_11_Q4.pdf
Find a resume on these guys yet? You would figure professionals would have pictures or resumes or CV's out there.
Since you probably couldn't find it and linkedin isn't helpful
Chaaban holds a Bachelor of Commerce degree from the University of Alberta, a Bachelor of Laws from the University of Windsor, a JD from the University of Detroit, and a Master of Laws from Wayne State University. Michigan Licensed: 10/26/1998
Now, why would Bahige be... here?
http://corporatedir.com/us/company/548586-sun-devil-notary
and another question...
Nutrex, Inc.
4580 Firestone #5
Dearborn MI 48126
which failed...
http://www.trademarks411.com/trademark-search?o=Nutrex%2C+Inc.
http://www.legalforce.com/nutrix-78139095.html
happens to live at the same place his "law" practice was
Chaaban Law Firm
4580 Firestone #5
Dearborn MI 48126
but is now...
Chaaban Law Firm
Location: 690 Ajax Dr
Madison Heights, MI 48071
Directions
Phone: 248-588-2055
Fax: 248-250-5250
which used to be
http://www.michigancompanieslist.com/chaaban-associates-p-c-h621/
but his original law firm...dissolved... (sounds bad to me) but anyways try to find any filings for the law firm (pick one)... strange. The only thing I can find is a hearing where "Bill" was called as a witness..
http://www.adbmich.org/download/99o-145.pdf
http://www.adbmich.org/coveo/opinions/2001-09-19-99o-145.pdf
Now go back to the original founders of FITX err CEN Tech err whatever... do the same thing. Weird huh. Now go back to Laufer...
http://yahoo.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=5713790-52356-56604&SessionID=V0fw6qfYVo3lWN7
really weird... it is like the started a company and hired every family member. Man that seems legit to me. Ignoring the whole "Bridge" thing.
Anyways, if anyone lives near any of those addresses go knock and take a picture of "Bill" so that there is one on the web...
If you really track this information down you fill run through many countries and continents. If was fun. Who cares right. WindsorEconomic whatever is abbreviated WEEDC so they must know how to grow weed.
You need access to a brokerage account with L2 real-time. Think or Swim has it.
I will not tell you how to read L2's because honestly I basically would be giving away the game. But, anyone can figure it out on their own.
It wasn't a shake out, at least not from me.
I haven't traded FITX I was just asked to evaluate for friends. And coming to iHub was because they asked me to look into the posts here.
newmedman - Thanks.
So if you want an explanation... just read what I wrote yesterday.
For those of you that are long... read this. (again)
In regards to FITX, in particular (the bottom applies to a lot of penny stocks)
FITX is a company under Laufer Enterprises which was founded through a reverse merger into a Bridge Group. Not a company called "Bridge Group" a group in New York that played bridge and ran bridge parties and events and went bankrupt. This in itself is more humorous than anything else. See below:
http://www.otcmarkets.com/financialReportViewer?symbol=FITX&id=77216
Laufer has had addresses in Orlando, FL and Bufford Ga and Arizona. That I can find…. there might be more. Each of these links has an address you can drive by if you live there and a number you can call.
Here are sources for each:
Orlando https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=80871
Bufford http://www.manta.com/c/mmg3jp0/laufer-bridge-enterprises-inc (notice the NON-Georgia number)
Arizona http://businessfinder.silive.com/laufer-bridge-enterprises-inc-scarsdale-ny.html (notice the 678 Bufford phone number)
Now if you click on
http://www.cenergynutrition.com/lean_main.php
You will see the website was designed by WDG, Gainesville, GA… so most likely that is where "Laufer Ent" is currently.
Now, besides the outstanding shares and all the other stuff people have already talked about let's examine one thing… EDXC.
The company FITX partnered with. Since there is SO MUCH fun stuff I posted the page were you can go through it all. The SEC Filings are particularly fun.
http://www.otcmarkets.com/stock/EDXC/filings
If you go through all the SEC filings you will see this company started making websites to look up stock ids. Then became a company researching AID/HIV Africa and now transports marihuana for FITX.
If nothing else that people have posted convinces you this company (FITX) it not on the up-and-up that should. Plus, ERXC or whatever it used to be called couldn't even pay its own lawyers. You will settlements in the documents. The also have an investigation and ruling against them by the SEC
And for the few that want to say "well EDXC isn't FITX" - EDXC is very important to passing that security audit… just saying.
There is one other thing I don't remember seeing a post of… that is the site in Canada was involved just recently with a "scam" to get funding to build a movie studio and a "scam" to set up a company to supply solar. Neither of these had the massive water usage of a cultivation house… nor was any of this permitted that I can find. And… if you want MORE little facts about stuff like this just read my post from a few days ago. Before, earnings.
If you are still reading…
Over the las few months MMs have hoarded all stocks in the "pot" sector. Not because they have value. For FITX, you can see that here, but check for yourselves on HEMP, MJNA, etc… just type in the symbol and select a month.
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=fitx&SortBy=volume&Month=12-1-2013&IMAGE1.x=0&IMAGE1.y=0
I am not saying FITX doesn't have value that is not my call. Really that is your call if you are still holding. But, here is what MMs can do. This is much better at explaining than me so I copied it.
"
Some ways MM's entice sellers:
1. Run the stock up with a "tight spread" in a fast market, then "open" up the
spread to slow down the buying interest. After it has "cooled off" for a little
while lower the offer below the last trade right after a small piece trades on
the offer then tighten the spread so that the sellers feel they can take a
"quick profit" by "hitting the bid" on the tight spread. Once the selling
starts the MM's will walk it down quickly by only making small prints on the
way down with the tight spread.
2. Another way is by running the stock up in the morning, averaging up their
short then use the above technique to walk it down in the afternoon. Hopefully,
after doing this for several days, it will demoralize the buyers. The volume
will dry up and the sellers will materialize thinking that the game is over.
Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets
either Up or Down if they are short. They Short More. They usually try to cover
after the frenzy is out of the market. There are many other techniques they use
but the above are the most popular.
These techniques work about 9 times out of 10 particularly in a BB market.
However, that is because 9 out of 10 BB stocks are BS. Remember what I said
above. Most MM's don't have a clue as to the value of a Company until they get
trapped."
Now, some people will say "you can't short OTC"… true but you can sell off your own shares and buy them back. So, if you have 100million shares you bought @ around 0.008 and you sell them between 0.03 and 0.010 then buy them back at 0.008 you essentially shorted yourself… and made a shit ton of money. (Technical term)
So, those of you watching the L2s know who the three Ax's might be, as this is still in play. And if you don't just look at the link above and then watch tomorrow's L2s and watch them sell/buy. Back and forth.
And if you google and look closely at EVERY pot stock, save CANN, you… might… just… find a pattern. The re-read the above while looking at the graphs.
PHOT is one case that is slightly different because PHOT had news of leadership change a few weeks before Co went legal.
The unfortunate thing is for most of the "pot" sector (maybe not FITX your call) is the stock will return to where it was in November in a few months. Then probably be diluted because it has no revenue. If you want to beat the system you have to hold until they do this again and sell high. If you bail they win. And most people bail so they always win. But, you need to consider if you really think this company is the 1 out of 1000 penny stock.
Now who knows what will happen. If there is a lot of buy pressure tomorrow the stock may break free of the and run. And you'll all be rich… or maybe the next day…or the next day.
Now, that you know all this, there are many ways to make money… without getting caught and without "believing" in FITX. Anyways, I have enjoyed reading your posts this past two weeks. Feel free to insult me or ridicule me but a few of you will learn and be better traders and that is the point. In fact, you could trap the MMs yourselves…
And as always best of luck. Because you are playing the lottery.
That is insignificant.
I posted what is going on yesterday. Follow the L2's and you will see for yourself over the next few weeks.
Just the same MM's that owned the stock before are buying it back.
Check the L2's
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=fitx&SortBy=volume&Month=12-1-2013&IMAGE1.x=0&IMAGE1.y=0
I tried to explain this over the last two days... people don't care.
Anyone watching the L2's can see the 4 MM's and the one rogue trader in South Carolina that are controlling the stock.
I tried to explain this over the last two days... people don't care.
Anyone watching the L2's can see the 4 MM's and the one rogue trader in South Carolina that are controlling the stock.
Requires the Fed to make HEMP legal first....
"According to the language in Senate Bill 3110, the New Jersey Secretary of Agriculture will be permitted to issue licenses for farmers to cultivate hemp legally, but not until it is excluded from the Controlled Substances Act."
The only way to win is to hold. As I stated.
I have no idea if you meant that as a good thing or a bad thing. But, I found it funny.
Well, there is always money to make no matter whether the stock goes up or down or sideways. Just be diligent.
TITAN 1st Amendment is a good thing.
For those of you that are long... read this.
In regards to FITX, in particular (the bottom applies to a lot of penny stocks)
FITX is a company under Laufer Enterprises which was founded through a reverse merger into a Bridge Group. Not a company called "Bridge Group" a group in New York that played bridge and ran bridge parties and events and went bankrupt. This in itself is more humorous than anything else. See below:
http://www.otcmarkets.com/financialReportViewer?symbol=FITX&id=77216
Laufer has had addresses in Orlando, FL and Bufford Ga and Arizona. That I can find…. there might be more. Each of these links has an address you can drive by if you live there and a number you can call.
Here are sources for each:
Orlando https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=80871
Bufford http://www.manta.com/c/mmg3jp0/laufer-bridge-enterprises-inc (notice the NON-Georgia number)
Arizona http://businessfinder.silive.com/laufer-bridge-enterprises-inc-scarsdale-ny.html (notice the 678 Bufford phone number)
Now if you click on
http://www.cenergynutrition.com/lean_main.php
You will see the website was designed by WDG, Gainesville, GA… so most likely that is where "Laufer Ent" is currently.
Now, besides the outstanding shares and all the other stuff people have already talked about let's examine one thing… EDXC.
The company FITX partnered with. Since there is SO MUCH fun stuff I posted the page were you can go through it all. The SEC Filings are particularly fun.
http://www.otcmarkets.com/stock/EDXC/filings
If you go through all the SEC filings you will see this company started making websites to look up stock ids. Then became a company researching AID/HIV Africa and now transports marihuana for FITX.
If nothing else that people have posted convinces you this company (FITX) it not on the up-and-up that should. Plus, ERXC or whatever it used to be called couldn't even pay its own lawyers. You will settlements in the documents. The also have an investigation and ruling against them by the SEC
And for the few that want to say "well EDXC isn't FITX" - EDXC is very important to passing that security audit… just saying.
There is one other thing I don't remember seeing a post of… that is the site in Canada was involved just recently with a "scam" to get funding to build a movie studio and a "scam" to set up a company to supply solar. Neither of these had the massive water usage of a cultivation house… nor was any of this permitted that I can find. And… if you want MORE little facts about stuff like this just read my post from a few days ago. Before, earnings.
If you are still reading…
Over the las few months MMs have hoarded all stocks in the "pot" sector. Not because they have value. For FITX, you can see that here, but check for yourselves on HEMP, MJNA, etc… just type in the symbol and select a month.
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=fitx&SortBy=volume&Month=12-1-2013&IMAGE1.x=0&IMAGE1.y=0
I am not saying FITX doesn't have value that is not my call. Really that is your call if you are still holding. But, here is what MMs can do. This is much better at explaining than me so I copied it.
"
Some ways MM's entice sellers:
1. Run the stock up with a "tight spread" in a fast market, then "open" up the
spread to slow down the buying interest. After it has "cooled off" for a little
while lower the offer below the last trade right after a small piece trades on
the offer then tighten the spread so that the sellers feel they can take a
"quick profit" by "hitting the bid" on the tight spread. Once the selling
starts the MM's will walk it down quickly by only making small prints on the
way down with the tight spread.
2. Another way is by running the stock up in the morning, averaging up their
short then use the above technique to walk it down in the afternoon. Hopefully,
after doing this for several days, it will demoralize the buyers. The volume
will dry up and the sellers will materialize thinking that the game is over.
Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets
either Up or Down if they are short. They Short More. They usually try to cover
after the frenzy is out of the market. There are many other techniques they use
but the above are the most popular.
These techniques work about 9 times out of 10 particularly in a BB market.
However, that is because 9 out of 10 BB stocks are BS. Remember what I said
above. Most MM's don't have a clue as to the value of a Company until they get
trapped."
Now, some people will say "you can't short OTC"… true but you can sell off your own shares and buy them back. So, if you have 100million shares you bought @ around 0.008 and you sell them between 0.03 and 0.010 then buy them back at 0.008 you essentially shorted yourself… and made a shit ton of money. (Technical term)
So, those of you watching the L2s know who the three Ax's might be, as this is still in play. And if you don't just look at the link above and then watch tomorrow's L2s and watch them sell/buy. Back and forth.
And if you google and look closely at EVERY pot stock, save CANN, you… might… just… find a pattern. The re-read the above while looking at the graphs.
PHOT is one case that is slightly different because PHOT had news of leadership change a few weeks before Co went legal.
The unfortunate thing is for most of the "pot" sector (maybe not FITX your call) is the stock will return to where it was in November in a few months. Then probably be diluted because it has no revenue. If you want to beat the system you have to hold until they do this again and sell high. If you bail they win. And most people bail so they always win. But, you need to consider if you really think this company is the 1 out of 1000 penny stock.
Now who knows what will happen. If there is a lot of buy pressure tomorrow the stock may break free of the and run. And you'll all be rich… or maybe the next day…or the next day.
Now, that you know all this, there are many ways to make money… without getting caught and without "believing" in FITX. Anyways, I have enjoyed reading your posts this past two weeks. Feel free to insult me or ridicule me but a few of you will learn and be better traders and that is the point. In fact, you could trap the MMs yourselves…
And as always best of luck. Because you are playing the lottery.
Read my post on DD from earlier - would love your thoughts. I am long on this and TR*C but realistic as to the risks and rewards.
I am very well aware of pretty much everything in regards to this stock, the law, growing marijuana, time frames, soil conditions, building rates, etc... I have spoked with the Media Rep for HC and even had people go physically look at the space the building is going to be...
It takes 6-8 to grow. 1 month or so to cure. FITX will most likely not be radiating so that will delay things a bit.
:)
No. FITX has not started the process at all. They have not built. Have not secured. Have not be reviewed nor inspected.
A "ready to build" letter is just a token to state you have asked for one. It means nothing.
http://www.hc-sc.gc.ca/dhp-mps/marihuana/info/list-eng.php
Those are the four companies.
No, please re-read it states NOT applicable to voting. To quote "that do not need to be converted 5000:1 for voting"
They will be converted for sales though.
Go back and re-read early disclosures as well.
One thing hydroponic MJ is actually very quick to grow. Your stock thoughts are on point though.
Yes. The 1 million convertible @ 5000:1
That is because (a) the shares are not in the float and (b) the shares would not have been released during the period your pretty chart shows.
I seriously doubt that. Ever been to Ottawa Canada in the winter? You can't really build anything...
Plus, they would have to apply and the application process for 2013 ended in October.
And, there is no "ready to grow" letter. Read the Health Canada website.
There are a lot of things that start April. The new Canadian Health Code goes into effect. Currently, Canadian Citizens can grow their own mj. In April, the have to use a corporate cultivator.
In April, Washington St. has a review of the their implementation.
In April, the next FITX earnings will be out covering the 12 million loan...
take your pick.
DD Review: (READ THE WHOLE THING)
5.2 million new capital == 3.5 billion shares @ 0.0001 (notice that extra zero) accredited PRIOR to Sept 2013
12 million new capital taken in November 2013.
That equates to ~- 8 billion shares.
Now there are 1 million preferred convertible shares. At 5000:1 conversion. That is 5 billion.
So overall that is 17 billion shares (with the current float).
So let's say in 5 years all these shares on the market and FIX is making 100 million @ 80% margins.
That is 0.0047 revenue dollars per share. So if it trades @ 100 P/E it will be worth, in 5 years 4.70 dollars a share. At a P/E of 10, forty seven cents.
So.. it is 2 cents today... in 5 years it can be somewhere between 47 cents and 5 bucks. That seems to be a pretty decent risk/reward to me. And, in 5 years.... pot might be legal in Michigan as well...
I am sorry. Pattern Day Trader.
I do both.
I maintain a PDT status so I can take a lot tax right offs but to answer question I don't have to keep track. My online brokerage firm does.
What valid company has an Earthlink Email?
wassonje@earthlink.net
hope everyone makes money...
but in 2007, 2009, 2010 the GPGD.PK made forward looking statements, the 2010 events are here on iHub. They claimed 128 million in returns from a gold mining operation in Africa.
http://webcache.googleusercontent.com/search?q=cache:kZGP8LzR6dgJ:investorshub.advfn.com/boards/read_msg.aspx%3Fmessage_id%3D74622535+&cd=3&hl=en&ct=clnk&gl=us
That well doesn't seem to have existed.
Also, do a quick web cache search and you will be able to find the actual number of mergers and total outstanding stock shares. It is scary. Look into the construction companies, Jazmine mines etc, and then google earth them. There is nothing there.
Serious question:
Why would I buy into this stock when
https://www.cryptsy.com/
(and about a dozen more exchanges)
is already up and running? And, as soon as bitCoin is larger it will traded on currency platforms. Various companies have plans for this already.
Someone convince me.
http://www.voicebase.com/autonotes/public_detail/291384/refine/%22health+canada%22
Talks about the licensing and the law in Canada... RE:FITX.