I do find it beyond interesting that there is such a public fight over this company, including the usually discreet and conservative Globe and Mail.
Even Jim Cramer, whom no one could call discreet, makes it a policy not to comment on "penny stocks" (anything under $5/share), because he knows his comments could cause wild swings in share price.
I see it as so inappropriate for a Globe and Mail reporter to be publicly commenting (attacking) in print a penny stock company, regardless of his own private opinions.
There are hundreds of questionable penny stocks out there. Why does he pick on FITX?
I think questionable political motivations remain to be revealed on all sides, including those of the Globe reporter and management. Southwestern Ontario is a Conservative stronghold. The PCs need the votes there in the upcoming federal election.
Yet, Sandra Pupatello, a former star in the provincial Liberal party, publicly backed FITX as an up and coming business in Essex County. Sandra is currently Director of Business Development in the region.
Regardless of the outcome, I think the ugly details of this "conspiracy" and circus have yet to be revealed, and I don't think it is only FITX's reputation that is in question here.
Amazing huge "public storm" over a penny stock. Please don't tell me this just represents journalistic integrity. I doubt it!! Why is the Globe and Mail even involved in discussions about FITX, a penny stock?? Fascinating, and very questionable.
I wonder if we'll have the same fiasco over the MJ start-up George Smitherman is backing in Toronto........also a former Liberal star.
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