InvestorsHub Logo
Followers 58
Posts 3477
Boards Moderated 0
Alias Born 01/03/2013

Re: None

Thursday, 11/29/2018 1:53:25 PM

Thursday, November 29, 2018 1:53:25 PM

Post# of 70045
I also have restricted shares in this company, the release date for trading I was given was 02/09/19 (one year from conversion).

I suspect that many people with these restricted shares are the same people who got the three-way drop kick years ago, FITX tanked, CENBF gave us shares then went private, and the shares from this ticker haunting our trading accounts for a year and being worthless @ .0001. (I managed to sell off all but 3000 shares of FITX, so I have 3000 of this $@#$).

Sheer hatred of FITX alone could see all those restricted shares flooding the market next year when they unlock. And not a single person hate-selling would care if they (the company) were just sitting there laughing and buying it all back for cheap so they could unleash it on a big run after we are gone.

For me at least, there is no price too low to get away from any ticker that ever got stained by FITX. Just thinking of Bill Chabaan makes me want to punch myself in the face...three times (once per ticker).

It does not matter if you like this stock or hate it, either way, your trade plan should include 5B shares hitting the market in Feb 19, or its post RS equivalent.

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.