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Someone feel free to correct me if I'm wrong, but:
$ITKH has a float = 168,275,867 shares a/o May 15, 2014
Axiologix has offered to purchase a 55.6% controlling interest in $ITKH for the sum of $1,775,000.
55.6% of the float = 93,561,382 shares
$1,775,000/93,561,382 shares =
???? $ 0.019 per share!!!!!!!!! ??????
I'm new to this stock, but how this one is not over a penny yet is beyond me?!?!? Am I missing something here?????
How long does it take to fax over paperwork and whip up a PR? I'm guessing we should hear something at market close.
Patience... The stock doesn't resume trading for 5 more days. The initial news of the LOI was on a Sunday. Whose to say the finalization of it won't be on a Sunday as well?
$FRTD is in the final stages of closing the publicly announced acquisition of their company. They are currently finalizing the required 8k, and the final details will be announced to the public as soon as possible.
TP's word is good for me when it's documented in writing in multiple saved emails between myself and other shareholders. His stock is currently suspended and the company is being picked apart by the SEC. Unless he's high, I don't think anyone with a brain would set themselves up for the legal liabilities these emails between a CEO and shareholders would incur if they weren't of substance.
I agree. An early congrats to all!!!
True story. Even garbage like $PT*G went up 1000% last Friday! The bottom line is to not panic sell on that first day back trading. If everyone just held their shares, with no MM's or shorting, there is nothing else left to make it go down.
Personally, I think they're both equally fraudulent, but that hasn't stopped the before mentioned from going up the past 5 trading days since it reopened for trading ; )
$CB*I pretty much got back to where it was pre-suspension today. That's very promising for all these suspended companies like $FRTD going to the grey sheets. It's not a loss unless you sell. I'll bet a lot of people that sold on the 20th when it reopened are kicking themselves today.
Well said! That has been my theory all along btw. We shall see.
I wouldn't expect anything negative about the merger anytime soon, IMO. That is the one thing Parilla has in his back pocket to keep $FRTD stock from crashing once it reopens for trading. I expect him to prolong the potential buyout for as long as possible, even if it doesn't pan out in the long run. I even expect some PR to come out closer to June 9th stating something along the lines of that the acquisition has been completely finalized pending reopening of trading of the stock.
The company with the buy out offer is a public OTC company though, so it can't be VaporVites. Padilla gave the name of the VaporVites manufacturer on the air during the PotStockRadio interview. He said are a company based in China.
I'm not saying they won't "eventually" find wrong doing. I'm just making the point that they don't perform an investigation prior to suspension. Otherwise they would have known what they were looking for and not come out empty handed after their initial investigation.
I'm not so sure about that. They may very well find nothing wrong with $FRTD, just like they found nothing wrong with $PH*T and $CA*N. They just seem to just investigate based on suspicion alone, but suspicion doesn't mean anything.
I don't know. I can only theorize. The one thing that's obvious to me is that there's more going on here behind the scenes then we know. Despite the common belief, Parilla's not an idiot. He's been around enough of these pinky scams to know what he can and can't do, and he's got the connections to make things happen. No one puts them self into the spotlight the way he did with PR after PR, PotStockRadio, LOI, etc. without some sort of plan of action from all angles including an SEC suspension.
You as well ; )
Because if all the paperwork is there with all the i's dotted and t's crossed, and if they truly have nothing illegal to hide, why not? What better way to catch the MM's/shorts with their pants down then a merger while suspended on that first day back trading? I don't think it's ever been done before. Afterwords, Parilla can just resign post merger and walk away with his cut. The buy out company can just fade back into oblivion as well once their profit is made. It's a win, win. Or maybe I've just watched one too many episodes of American Greed. Lol
My point exactly! It's a shell buying out a shell. The profit is made in the run up after the merger. No assets, just two companies involved in a stock market scheme.
These are professional crooks were dealing with here, not stupid ones. Parilla was releasing almost daily PRs, and towards the end there was pretty much begging the SEC to suspend $FRTD. It was so obviously a scam, even newbie traders were asking for it to be halted. It's almost as though he knew in the long run this buyout was a guaranteed deal regardless, and in the end his ass would be saved. Who's to say that the buy out company isn't in on this? A business partner perhaps. This would also explain the shoddy, thrown together 10Q. Why would he care about the accuracy if he's already got a guaranteed buyer? Only time will tell of course.
I do agree, it is a POS stock. However, if my theories correct, and this scheme is as well planned as I think it is, and Parilla can produce any requested documents for the SEC, and avoid any legal ramifications, it could potentially be pretty ingenious in the long run.
I personally believe that it would be almost stupid for pretty much any OTCQB company NOT to buy out $FRTD at this point with the amount of attention it's getting. I truly do think this was all strategically preplanned, and, to be honest, excellently executed. If a shell company were to buy out $FRTD in an "in-kind" share exchange now while it's halted, the combination of short squeeze plus panic buyers on June 9th would make the buy out companies stock shoot the moon. The buy out company could then theoretically sell their own stock into the run up and make back most, if not all of their initial investment then some. Seems like a brilliant no brainer to me. Easy $$$ really, if you think about it.
To all the skeptics out there,
I agree with and fully appreciate all the concerns that have been raised regarding how shady this deal seems 1) the buyer wasn't named, 2) %1200 increase is absurd, 3) it's only an LOI, there's no money in hand yet, etc, etc, etc. However, the one and only thing that has me wishful thinking is how dumb could Tom Parilla possibly be?
Why would anyone telling a complete lie jump into the spotlight to the degree he has this last week knowing that FINRA is going to be breathing down his neck. He even mentioned and talked about FINRA and the Growlife suspension himself in the Pot Stock Radio interview, so he is fully aware. Knowing this, why would he release 3 straight days of PRs last week? Why would he announce a fake PR about an LOI two days after Fusion Pharm got suspended? Then on top of it all, why would he go on Pot Stock Radio that same night and broadcast his lie to the whole universe to hear in person?? This just doesn't seem like something a liar that's trying to avoid a FINRA suspension would do. He's pretty much putting himself on their lap if he's lying, which to me, doesn't seem likely.
Therefore, in my mind for these reasons of "how dumb can one be?" I truly believe there is a real offer on the table, however, the questions should be if it will actually go through or not and for how much? Just my opinion, of course.
The proof is in the pudding my friend. Do you honestly believe that with FINRA halting company after company these past few weeks that Mr. Parilla would really be so stupid as to continue to put out daily PR after PR of nothing but lies? Surely he is well aware of the ramifications of his actions if there truly is zero substance to his statements or no product to deliver.
So, today FINRA just basically gave $SPLI a thumbs up and stamp of approval without needing a halt and it's only up 40%??? This sounds like a no brainer to me. Probably one of the safest MJ plays to have your $$$ right now, IMO.
So what's your expert opinion for those of us that hold from below 0.03? I'd really like to know.
Not to worry man. Eventually when the SEC shuts down all the corrupt companies the money will flow into the legitimate ones. IMO, FRTD is one of the legitimate ones $$$.
I agree. Setting up nicely for a run tomorrow. Looking forward to seeing 420cashcard.com.
I was referring to your comment about Parilla. If he was involved in it he would be facing jail time. Not likely, IMO.
I highly doubt it goes that far. However, there is nothing illegal about two traders splitting profits by riding a stock up and down.
I personally think there is more going on behind the scenes here then what people think. This very well may be a beautifully conceived and orchestrated organization of traders. How do we know Sykes and Wolf aren't in on this together? Wolf rides it up and creates short opportunities and Sykes rides it down creating buying ops. Win, win for them. Win for us as well. We just need to time our buy and sells in between all the BS.
Anyone know what time today we should expect the relaunch of 420cashcard.com? Website says to check back April 6th.