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Sunday, June 08, 2014 6:18:05 PM
That $5 million was recorded as revenue, but selling "equity" is not the same as profit from operations. Only in pinkyland will that sort of accounting fly. Even with 3.4 billion shares out and no more shares to be sold, shareholders' equity still got diluted. And if he got away with it once, Billy will do it again.
FITX is a bad, bad stock to hold.
A good bottom's hard to beat.
e
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