InvestorsHub Logo
Followers 15
Posts 151
Boards Moderated 0
Alias Born 06/20/2020

Re: None

Saturday, 06/20/2020 7:28:12 PM

Saturday, June 20, 2020 7:28:12 PM

Post# of 4587
The volume since June 5th on FDIT picked up quite a bit. Take the volume over the past 11 trading days from June 5th to June 20th the total volume was approx. 9 million plus shares. Compare that for the previous 12 months from June 4th 2019 to June 4th 2020 to total volume was approx. 13 million shares. Only 4 million shares more over a 50 week period versus 2 weeks.

The message above in red is factually incorrect and is quite easy to verify by looking at Findit's filings. Firth has not sold any shares in years. In fact a vast majority of the holdings by Firth and insiders has been voluntarily converted from preferred to common a few years back and remains locked up.

With that being filed and made public through OTC Markets and press releases the header of this board is very misleading, well beyond misleading it is false.

I have watched this board and heard that the moderator has deleted messages when he or she decides to, even when the messages are not incorrect. I truly hope this post is left for the readers who may not do certain due diligence.

The reduction in common shares over the years to common and the cancellation of other shares 3,650,000 the company is not diluting shareholders down or selling insider stock and can't with the lock up other than 1% a quarter or a percentage of the volume. With many firms not even taking in shares that trade down here and the DTC shares of record it does not look like any insiders are selling any shares. I've seen other people on the board claiming they have millions of shares and if they do, they could be sellers.


If they are and they have been in it as long as they have been it would have been foolish to hold this long with the company finally getting coverage. Their is a report out on https://walletinvestor.com/stock-forecast/fdit-stock-prediction this came out a couple of weeks ago and may be part of the reason for the influx of trading. Read the report, they predict FDIT over $4.00. The report has no disclaimer and from what I hear the company did not know about this until after it was published.


I have reviewed the IR firm that was recently hired and looked at their track record this year and it has been pretty stellar. I did see a few companies that did trade a lot of volume and it surely looked like the insiders or holders were dumping into the volume. While the others performed very well.


Here are a few over the past 6 months.

CODX was trading under a $1.00 at the end of 2019. It closed on Friday at $17.24 on 3,177,040 shares. When coverage began from the same firm as WAFU and the FDIT took on recently the shares were at around $1.13. Coverage began and volume went from 91,100 shares one day to 36,063,100 shares the next. The stock did not move much the first day which was odd. Or maybe not maybe the traders got caught off guard and traded it while sellers came in with the new found volume but as time went on and not much time the stock traded up from $1.13 on Jan. 9th to $15.96 close on Feb 27th. And like I wrote earlier closed at $17.24 yesterday.


WAFU So this one covered about 2 weeks ago. June 9th was at $2.13 on 27,500 volume day of coverage traded up to $15.39 closed at $7.15 on 65,019,500 shares. These are verifiable number not an opinion. On Friday the stock closed at $6.02 up approx. 300% from 9 days earlier when the coverage began.

SPONF received coverage last Monday and volume increased from 1,145,730 to 6,227,798 and did not see an increase in share price it's possible that insiders and / or shareholders sold into the volume.


Findit we will see. With the insiders shares converted from common to preferred and their number of shares they have owned has not decreased in years, verifiable it does not seem like they are selling. If they are we will know in about 60 days when the filings for the 2nd quarter are due.

The real test will be for the shareholders that have been in the stock as they are now enjoying the fruits of their patience. Will they allow the fruits to grow and get ripe or will they spoil their own upside with trading theories that probably ought not be practiced until Findit has its S1 filed and funding in place to continue to build their business.

They talk about the Golden Cross, predictions of $4.00 or more other companies seeing sellers in 2 deals while other deals from the same PR/IR had tremendous success in the past few weeks and months.

Findit is not a big company and may never be but it looks like an opportunity with hope and with management that has been focused on building out Findit.com over the years and the app and now a new version is coming. The site does what it is set up to do. The App has some things it can do to improve but it too does what it is built to do and it does it well. How many times do you have an opportunity to find a company that has stuck to its plan over the years and is not seeing some coverage from WalletInvestor and some other people coming onto this board and posting.

These next few years will be something we will look back on regardless if you own shares in FDIT and sell into the buying how will you look back on it. Best decision or worst decision. Even if you sell at a profit if you sale much lower than it goes to you know in your mind you lost money. I wonder what would happen if over the next few months the holders remained that holders and let the calendar tick away and see is WalletInvestor correct will FDIT hit their target of $4.539 USD? We will find out one way or another.