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Re: ch1007 post# 46718

Monday, 06/09/2014 12:06:24 PM

Monday, June 09, 2014 12:06:24 PM

Post# of 50129
We feel that by divesting ourselves of our non-core assets, we can achieve a premium closer to our previously announced .12 per share.

What, exactly, does that mean? And what are FRTD's "core assets"? It really has nothing of value.

On May 18, 2014, the company had entered into an LOI with a fully reporting OTCQB company, to be acquired in its entirety through a share-for-share acquisition. Unfortunately, with the recent trading suspension by the SEC, the LOI was rescinded until such time as Fortitude completes an updated 15c211.

So that "buyout" ain't gonna happen. Yet Parilla kept his shareholders thinking it would for two weeks. Not good.