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lol not we didn't. people here raised valid points and asked for legit information that was not provided that is why sec suspended fspm not because us investors did anything wrong. sorry that as an investor we want as much information about a company as possible. this was/is a shady company. its fspm own fault for not being more transparent
for this specific company i do think there is fraud of some sort absolutely. as for the sector there are only a few REAL mmj company that have real products and make Real money. PHOT was one of them and even they got halted/suspened. and once the suspension was over the sec still didn't give a straight forward response to why they stopped trading and what rules/laws phot actually broke.
If legal action isn't taken here with fspm then i do believe they could be a legit company and the sec knows it and is trying to under cut them and scare people away.
I really don't know so many different theories and opinions on this shit going on here the past few months.
ALL I KNOW IS WEED CAN MAKE ALOT OF MONEY WETHER YOU BE HANDLING IS LIKE A DISPENSARY OR YOU BE MAKING PRODUCTS TO HELP GROW IT. IN THE COMING YEARS THIS COUNTRY WILL SEE HOW MUCH MONEY CAN REALLY BE MADE OFF OF MMJ
I'm honestly surprised it's taken this long for the s.e.c to hit fspm.
I do believe it's a little of both the government trying to put a scare into this sector and fspm just being plain stupid n shady.
The best mmj stock u can buy is tweed. Sec can't fuck with them
I think William sears had a lot to do with the tanking of this stock imo. he has a very shady background in the stock market and if u look at his history he has been in involved with, i believe, other companies in the passt that have been completely shut down by the s.e.c
Sears is merried to Dittmans sister and dittmans sisters name is on both holding companies, bayside realty and meadpoint who fspm has given millions of shares to. the original address for bayside is a Sears residence. not sure which sears lives or did live there but it is absolutely a Sears residence in North Carolina.
not to mention they gave shares to douglas sailors, a convicted money launderer from what i can see.
this is just my opinion but who knows
i read somewhere, ill have to dig and find it, they needed an extension for the 2013 fins and q1 fins to come out because they were doing so much business and were getting there statements audited for the first time.
they got an extension that i this was to april 15 i think and still release unaudited information.
either way its very unfortunate they got halted/suspened. we all no nothing will come of this except a few class action lawsuits, grey market, and a pos pps.
thank you government! imo
it doesn't matter, they put out info via emails to people on this board saying they were hiring a professional firm to do there audits which is why it was taking them so long to get there info out to us. and once they finally did at the very last moment possible what did we get??? UNAUDITED INFORMATION!
WHAT A JOKE
I sold my bag long ago. i currently only hold a small position that i could give 2 shits about.
I've been saying this is a scam for weeks take a look at my post 6602.
i agree with you 100%
and that was a lie! bold face lie! this company is a scam. imo
i thought they claimed to have hired a firm to do there accounting which is why it took them so long to get out there last report. which was the claim on there form they filed to get an extension, was it not? and they still put out unauditted numbers and bullshi*
dittman is an idiot and so is sears imo. they made bank in the past few months while we all lost a lot of our hard earned money
imo and from the DD i have done i thnk this company is a scam. either way if it is or isn't, this stock is done. look at all the other mmj stocks that have been suspended/ halted. yes they are still trading but at what price? what volume?
once this comes back to life in 10 days or w.e 80% will be selling to get as much money back as possible. within a few weeks this will be way below 1.00 a share imo and won't be worth anyones time.
yes the sec probably won't come out and tell us in detail what the issues are but either way this is going to the greys.
good bye fspm hello class action lawsuit (imo)
the sec is screwing people over not the companies. the companies they halt or suspend have already made there money off of us investors so putting a halt or a suspension only effects the people who's money is still in the company. i don't see how they can keep saying we are trying to protect investors so lets suspend or halt this company. such a shame.
the s.e.c and eat SH*T
come back down to earth man, for you own good. its over here! I've been saying it for weeks. i wish i did have a short position.
thoughts on the 10-q?
great post!
it says there was over 300 in volume? I'm confused i don't even have my shares yet.....
finally broke .006 mark lets close above .006 please
we been sitting at 17.59m volume for awhile now....whats going on here :)
people are giving up on this company, and the companies not doing anything to keep its shareholders
When buying in bulk anywhere from 3k to 4k a LB. So shops will be selling small amounts OZ at most prob for 350-400.
Big profits for everyone
what did the 8-k say? i havnt had time to read it yet
I'm in the hole to deep i gotta let it ride now 170k shares
so we will need to buy back in after the split?
won't each share be valued a lot more after the 10000:1 ?? since there won't be as many shares?
Thanks zig
hey ziggy what are you thinking here? we've seen red a lot lately and a lot of this and that has come up about DP and the way he is running this company. what are your thoughtS? I've been holding long for a few months now and my account looks terrible lol
and its nothing but red.
.003 for me
same here and imo i speak for all the truthful people investing in this stock. absolute bullish*t.
just goes to show how well this company is run....no PR no news in how long? dittman and friends are prob sitting at home counting there money they made off all of us fools who invested our hard earned money into this POS
yay fspm looking good today.....wait jk still sucking terribly. Still no new news, same shit different day. I wonder how low this stock will go before people realize this company is not doing so well. I believe they are a real company believe they have a great product, but from the looks of it most of there PRs are "in hopes of" nothing actually concrete or for sure. which is why i think this company may not be doing as well as everyone on this board thinks. YES they may NOT be a scam, but from the looks of it they do not seem like they are closing a lot of these deals they have PRed in the past few months, or else they would have PRed these deals they have closed. I do believe they may be working there butts off pushing there product, which i ebelive is a great product, but as of this moment I don't thnk they are actually selling enough. Just think about it, all those PRs earlier this year of up and coming deals, but where are the PRs of those deals that have actually closed and been paid for? We don't get to many of those PRs.
This stock has been a roller coaster ride for me, i bought it loving the idea and loving this company an product. Then after more dd and watching the stock plummet i thought ok maybe a pump and dump, which is a possibility, but they havnt been halted or suspended by the SEC so that is a good sign so far. But why havnt we heard from them?? Yes they claim to be expanding to other parts of the country and world, but that doesn't mean they are selling the pods. They could have dumped a rack load of shares to get extra funds for these expansions thinking maybe that would help ramp up business, but since we havnt heard anything in such a long time maybe that play did not work out as well as they thought.
I feel for the ppl that bought in above 5 and 6 dollars who have had to average down and put more of there hard earned money into this company just hoping and wishing for a pop so they can recoup there money and get away from here, but from the looks of it and the way the stock keeps dropping a pop or a good PR might not even cut it anymore.
HERES TO HOPING FSPM CAN GET IT TOGETHER AND MAKE US ALL SOME MONEY AND MAKE BACK THE MONEY ALOT OF PEOPLE HERE HAVE LOST.
this is just my opinion.
Will the clowns that played these games yesterday be prosecuted? Or at least investigated?
Why is he posting all these wild posts?
Thank you... after the nonsense today its very difficult for people to figure out what are lies and what is truth.
I got into ihub to the for the assistance of other investors and for the wealth of information put out by others but after today it just shows you can't trust anyone on these boards no matter what you think there position is. Everyone has there own agenda
This had to be illegal, correct?
MLM27718@yahoo.com
can't send private messages
can someone give me a straight forward answer about the news and what just happened this afternoon? I havnt been able to stay up to date
yea what is this dude talking about?
is this news good or bad I'm so confused wtf is going on