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Re: Stickyfingers427 post# 187994

Tuesday, 02/23/2016 1:36:07 PM

Tuesday, February 23, 2016 1:36:07 PM

Post# of 194796
If they spend the money they could probably resolve this and quickly. BUT it would probably take ATLEAST 50K to do so, maybe much more. 99.999999% of OTC companies can't even come up with 5 to 10K let alone 50-100K hence the reason there stocks just die without anything ever happening after suspension.

Could FITX spend that type of money to resolve this? Yes and probably quickly but thats a whole lot of dough to come up with and it might cost more than even that amount.

Thats just to have FITX reinstated. There probably looking at close to $300K to have all three resolved. That type of money doesn't grow on trees and is a heck of a lot of money to come up with.

Fpr all three companies they would have to pay OTC Markets to get current, a CPA to do financials for each company, Pay the state of Nevada, pay an attorney to look into the matter, pay the attorney more money to resolve it and post a letter stating the financials are in good standing and pay more money to find a market maker to stand behind the companies. That ends up being a WHOLE LOT of money. If they spend it FITX will be back if they don't it will die forever. So far nothing has been updated on OTC or Nevada for the company so thats not a great sign to begin with.

We can only hope they do at this point though.

JMO

All of my posts are strictly my own opinion. Please do your own DD before making any investments and only risk what you can afford to lose