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Re: PressureWasherGuy post# 140698

Sunday, 09/28/2014 6:07:52 PM

Sunday, September 28, 2014 6:07:52 PM

Post# of 194800
This is my take. We have been waiting months for a license and in the mean time HC has granted other applicants licenses - not good. It's my belief that something is holding up the licensing process. It could be the town, the PR's with grandiose plans which scared HC, or something else that we don't know about. Just guessing. A PR went out the other day, from FITX, which was titled, a letter to shareholders. It's my understanding that the letter is a threat to go forward with a lawsuit against the town of Lakeshore because the town wants HC to hold off on licensing FITX until they can sort out all the issues with the new MJ facility and to create legislation. The zoning laws could change meaning that a law could pass making it that all medical MJ facilities must operate in an industrial zone. If that was too happen and, it was brought up at one of the meetings, it possibly could cripple FITX. There are a lot of things up in the air with this stock. The hard pill to swallow is that there are 15 plus other companies who are in this space with a license in hand, please correct me if I'm wrong, and they all have a huge jump on FITX. Now take into the account that TWEED has two huge grow facilities and are executing but their stock is selling off probably due to the pending lawsuit and that an election is near that could legalize MJ if certain parties are elected. Finally add on all the outstanding shares and the fact that another 25% of the company was sold to fund their operation and I found the exit door. it's saddening at the least. I was long for a while and took a hit on the stock. That is part of the game and I'm not upset at all by that. I'm ok with a loss but I don't like some of the PR's and statements made that confused me and which didn't make any sense.