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Somebody has to be the headmaster of the shell game.
I will add a small bit to my position Monday also.
I have been here over two years and my first entry was at ATH. So I doubt there is a more patient stockholder. I always had faith in the niche.
Very light volume today everyone is waiting
This is true no middle ground here
It is an active site https://flitways.mozio.com/
Vote March 13
BK is usually a crisis intervention that is used strategically and to offer protection of remaining assets. I am real curious regarding the Flit/Mozio thing, it does not appear fake to me.
IMO Chap 11 would have been filed 2018 if it was part of the plan. No advantage dragging it into 2019.
Here is a website using the Flitways name: https://flitways.mozio.com/
The building being complete in BC means more to me than technicals but the pattern is moving up.
If your not into high risk don't play here. But if you think there is any chance in hell FTWS app is resurrected for relaunch then hang on. Nobody knows the future.
What happened to the Luxury Car & Yacht rental site? Flit.co or whatever it was.
NO doubt its a good merger helps diversify. Cannabis has so many channels of income.
Hope so ready for sustained upside
Since it is ride share related I posted it, they paid $65 MIL for it according to article. Many players fighting for space in this segment.
Link: https://www.businessinsider.com/ford-shuttle-van-company-chariot-shutting-down-in-march-2019-1
Ford announce they are throwing in the towel on Chariot their ride share arm.
Long term profit rules but I like the price & posture of this company. In 3 years they are a major player IMO. Many more Americans than Canadians so it should translate into sales once USA is 100% legal.
FTWS was growing & producing revenue. The expense & management side was ruined by Tobi. Makes sense to try & relaunch FTWS. Worst case is a shell that can be re-marketed.
Wall St. responds well to growth & cash flow not necessarily profit the first few years.
It all hinges on granting of license where they have applied. Behind some competitors though so an up hill battle.
Agreed that would have been the right thing for Tobi to do. Now who knows its a crowded market with so many new competitors out there now. Lost all the groundwork and a few years of customers. Customer acquisition cost & retention is what moves money today in consumer categories.
Why carry it into 2019?
If FTWS has an active booking platform trying to generate revenue that appears to be somewhat legit does that classify it as a scam?
Mozio is good faith effort to restore FTWS. Takes time from here.
Looks like Vol. 300 million by 4, hits scanners tonight. I expect little steady moves until news.
Expected BK interesting MOD left
Which Flitways? UK or USA version?
IF the best software engineers from Germany & India had worked on restoration or re-creation of platform it would be done already. Lies, Lies & more Lies. This puppy is done.
Most likely Bankruptcy is filed today late and come 010219 we have ZERO.
5 Trading days left to file Chpt 11
Could have been a patient in an Institution mental health ward
Sure wish I had unloaded over the summer when it hit $1.30. Disappointed with the lack of progress on Helomics deal. I cannot claim scam yet but leaning that way soon if it doesn't change.
If the accredited investor was truly concerned about FTWS then (it) would have gotten involved before now. First a court injunction against Tobi to keep the business online. But no, they way until its just a shell. Doesn't add up.
There are two DJS in Florida one is 67 one is 42, relationship unknown but my guess is son or nephew or cousin involved in shell flippers.
Shell is not worth that much
Yes if someone entered above $5, but they are laying a great foundation. Hard assets are in place. The wheels are turning in the USA for full recreational nationwide when that happens this is a good one to have in your portfolio.
This is a solid play with long term outlook. Not a quick flip. They are building a great foundation to be a player in the US & Canadian market. Possibly a $20 stock in 2 years. Maybe faster if Congress acts on cannabis reclassification.
Web search what happens to OTC & pink sheets in BK. Traveling & have limited net access.