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.
Why don't you get an account through an online broker like etrade or fidelity who only charge a few dollars per transaction? I think etrade $9.95
Option house charges you $0.005/OTC share. Way too much
Conceding to "its all over" mentality is ridiculous. This is long from over. The council's amendment decision needs to be approved by the County of Essex. Then THEIR approval is subject to an appeal if it doesn't rule in favor of the existing building.
Is this a new hurdle? Absolutely. But it's one brought on by the town.
The town received formal notification by CEN in October 2013 itemizing EVERY proposed intention for the facility.
You think after investing millions into a project - all the time, energy, payroll, construction - that CEN is going to concede and bow out?
HELL NO!
Don't feed into the fear. This industry is going to be huge. And it takes time. This "zoning" bs that's taking placing is a testament of evidence to that logic and an example of potential hurdles en route to obtaining a license.
No one's "packing up and going home." Believe that.
Yea...YET! The possibilities and reality is that FITX is in the position to be a front runner in the marijuana industry.
This project wasnt initiated simply to have ONE operating facility in an adjacent country. That was the stepping stone, the plan to get the foot in the door to prepare being a front runner in this upcoming industry!
Legalization is spreading. It may take several years but the estimated potential billions in market revenue is already being acknowledged.
@En2style ...lol
Watch and learn. Agree. Haha
Thought this was interesting.
It's talks about the market potential when Marijuana prohibition is lifted.
http://www.forbes.com/sites/markfidelman/2014/11/04/why-legalizing-medical-marijuana-will-make-investors-extremely-wealthy/?partner=yahootix
The document released does have some differences than the one posted last week - the previously omitted company names are no longer obscured. Is this life altering, revelation type PR? Probably not, but what's your point? It's a different version of the document. It has been released. It is another piece of information. How is that possibly construed as being horrendous? BigA never claimed it to be NEW NEWS, he said "news." And that's exactly what it is.
News. And he has every right to post any bit of information on here. If the mods disagree so vehemently, it will be removed. But it's still up.
Also, we don't know if this document sheds light on the deficiencies being addressed. I'm sure the 15 to 24 FPS, the steel mesh, and having transparent glass pods with cameras and readers are not an impossible barricade. These are MINOR DEFICIENCIES. It's not like major changes to infrastructure are being requested.
The document is obviously from an HC affiliate. It is dated 7/31/2014. They cannot put out a PR stating that HC officials performed an inspection when no inspection by HC was completed. HC Would hold them responsible to retract the statement and certainly impose legal penalties, not to mention such a suggestion is so preposterous bc it would suggest they would be willing to jeopardize a plan that has been over 12 months in the making.
I too have questions for you. WHY WOULD THE COMPANY LIE ABOUT HC PERFORMING AN INSPECTION?! How can they get away with it when they know MMJ stock are being monitored by SEC??? Why can they falsify such information when they KNOW the ramifications once HC FINDS OUT- which they would- including loss of any potential bid for license.
Makes. No. Sense.
Exactly. I was just about to post the exact same thing. The very details are evidence to that statement. The FPS is 15 and they recommend 24. They have minuscule details in requirements that need to be met.
The nature of this license is enormous. The process takes several months for a reason. A federal government is not going to issue a stamp of approval unless all T's are crossed and all I's are dotted.
Oh...and they most certainly wouldn't be inspecting a business that is a supposed "scam."
So if a license is not going to save it then why is it still trading around .04?Obviously it's because the anticipation for license announcement is there.
Also, "it's going below a penny " has been repeated on here since February.
"It's going below a penny in next few months"
Right. Just like it went to below a penny in the spring, and just like it went to below a penny in the summer when, "it will go to a penny in the next few months" continued to be announced.
Please.
People are praying it goes below a penny so they can have a second chance at collecting millions of shares for next to nothing. If people missed that train, sorry to say, it's not coming back.
Oh Mark this post
Make those words indelible bc it is a fact.
Ckrangle, these are all excellent questions but you cannot assume that because the information to said questions hasn't been released, that it is not being discussed and worked on within the company.
Shareholders do not know the detailed plans of any or all operations within a company. Many answers are private information that can compromise competition if disclosed.
For example, companies, let's Apple, rarely reveal their "plans" for upcoming devices. It is all through speculation until the product release date. Do shareholders know all the names of the master engineers behind each product? Did shareholders know there would be an "x" amount of devices and new devices released this season? Are shareholders informed when the next set of devices will be released for purchase to the public and at what cost? No.
Just because the answers are not immediately available to the public, doesn't mean there aren't answers. Your questions are about the scaffolds of this company's endeavors (and the MMJ industry in general), to speculate that the company doesn't have a plan about the foundation of their product doesn't make any sense
There are a lot of "20 something's" that have already become rich off this stock.
Since when did being an investor at "20 something" become a bad thing?
This is a great time to buy. It's going to go back up, always does.
Notice how day traders are incredibly quiet. They are thrilled to be buying low.
Uh. Please point out where in the PR they stated that the company "FAILED" the inspection?
Inspections are done to find deficiencies to be corrected. Hence why it is called an I N S P E C T I O N.
Why are you equating deficiency with fail? Those are not one and the same.
"I'd love to see a happy chapter of this saga. So far it's been filled with creative imagination, deceit, insider's sell offs, meager profits from real products, hype, lies, poor 'transposed' cover ups. We'll see, won't we. GLTA"
What are you talking about? Creative imagination? What company doesn't list prospective goals. Yea okay... Let's blame FITX for having direction and chalking it up to 'creative imagination.' Would you prefer being stagnant and not doing ANYTHING?
Meager profits? This company is going to be parabolic, it's numbers will transform once license is granted and their focus shifts to the production of MMJ.
Deceit??? What deceit. The deceit of disclosure as things are unfolding while in the process of obtaining licensure?
Hype? Lies? You mean disclosing goals and expectations?
Cover ups?
Does the nonsense of ridiculous accusations ever end ?
Be patient. You will be rewarded.
Good luck to you.
And your reasons being?
They are pioneers in their industry...
So will your opinion be the same after their name is on HC's producers website listing.
'Garbage' companies aren't on an inevitable lath to securing federal licensure to produce and sell MMJ.
Bags of money.
LOL
right.
Great post. Many share your sentiments. And experience.
Since when does some website's "PREDICTION" hold any water?? Especially one with a tacky image of a woman with her crystal ball...more of that credible researching i see.
Relying on some random's "PREDICTION" is a sure fire way to lose.
Predictions dont do anything for anyone
Research and facts do.
Is the impeccable research uncovering the 10 year old architects employed by FITX the same impeccable research that yielded those previously reported results which were stated with conviction and confidence that...
Bill chaaban is not an attorney? Or the Bill Chaaban does not have a license to practice law?
How much "lower" are you anticipating? I know you don't expect it to drop any lower than 6s at the moment.
The license is imminent. This is as low as it will be until HC updates it's list of licensed producers.
I strongly concur
Oh that GNC order that you somehow feel with conviction you know more about than others on here, huh
Like that made up attorney license Bill Chabban supposedly never had, right?
Still searching for it, richard?
"then add in that CenBio has no customers outside of bag holders. "
Are you aware of how businesses operate? How can you hold them at fault to having "no customers" before they are even officially granted licensure to begin operation.
TYPICALLY, you obtain all the legalities to move forward with your business ventures. THEN you proceed with production and marketing efforts.
Don't put the cart in front of the horse is truly a profound concept
Of courseeee most of it is made up
Like that made up vault
Or that made up fence
Or that made up pre license inspection that recently took place
Or all those made up leading researchers, MDs, and PhDs who have been added to the BOD
Or the made up acquisition of Hemp technologies inc
Or the made up purchase and build out of a second facility
Let's just continue to chalk up any advancement as "made up" since that appears to be the game of the year
No.
License IS a fact.
Mark this post.
Huh?!?!?
You realize there are people holding in the .09s. You realize this is going to surpass the teens shortly after license announcement? You shouldn't have anxiety over 0.079
Yes, people often do that, selling shares. And lots of them. It's called the stock market. Gasp!
Patience my friend, patience. Don't let negative discourse discourage you. Negative narratives does just as much damage as pumping does good, and yet after nearly a year of disparaging remaks about the CEO and FITX's operations, the PPS has been been resilient and held strong.
This is a solid company with a bold vision. It has implemented everything it has set out to do. If you are committed to the journey, you will be rewarded.
License is inevitable.
Period. Mark this post.
Umm try .25-.30 with license
Well said!
So because there is a waiting period for license and inspection, your logic is to conclude that this is a scam?
And that's exactly what everyone should do.
We are all competent enough adults to do internet searches. What's unacceptable is to ensue panic and express outrage at FITX for not responding to every fictitiously printed material out. Thats an outlandish, ridiculous request. PRs aren't utilized to address rumors. They are utilized to correspond business updates. Bill is not a ring leader in a circus, he is a CEO. Addressing every rumor that people bring up is not in his job description. Bill cannot hold everyone's hand and help guide them through DD. That's the RESPONSIBILITY of the shareholder.
Oh absolutely! Yesterday it was "the stock is increasing" and all you heard from negative posters were crickets. Today it's "we found a random picture, let's assume and propose every ridiculous notion we can conjure about how it was the reason for the increase!" Even though the majority of EVERYONE on this board didn't know it was out there until today.
Unbelievable. So by the logic posted, all it takes is a fictions meme to bring down an entire company.
Just release a picture, the SEC will investigate and being them down!
Wow, didn't realize corporations could be brought down by pictures floating across the internet that easily in America. Is that all it takes these days, Samsam? Cry wolf against anyone in this country and it will ruin them?
It appears to me fictitious material is sprawled across the internet every second of every day and to assume or propose that a fictitious picture posted by a random can warrant an investigation and downfall of anyone is arrogant, naive, unfounded, and quite frankly, incredibly silly.
It's called THE INTERNET. Billions of posts are made every second.
Why would FITX respond to something the equivalent of a meme?? Are they responsible? Did they put it out??
I don't understand the logic of some on this board. Why would they respond if it isn't their doing???
Does every publicly traded company address EVERY rumor, picture circulating in the internet abyss?
Please stop with the irrational, illogical information.
These people have JOBS. Please don't be so arrogant and naive to believe they're hovering and patrolling message boards so that they can address the next "rumor" or "outlandish negativity" that's splattered across the comment section. It's not their JOB to address every ridiculous comment and meme that's thrown out into the internet.