To begin with, investing is about putting money into a stock with the belief that as the company grows, so too will your money.
Twice, FITX has left their investors high and dry, or, worse off than before. Which ever. Even though both PRs suggested strong growth.
I lost money on FITX's last PR, which is why I didn't touch it on today's PR. Thank God!
After 8 years of watching and playing these stocks, I can tell a few things about them, after I see a pattern, and it doesn't take much to see the pattern, after watching 'em for 8 years.
FITX is headed for a r/s.
Not tomorrow, not next week, and probably not next month either, but rest assured, it'll happen. And, all along the way, people will play it. The smart ones will make a few bucks on the pops, but the majority will sell for a loss, if they're smart enough to sell, that is. Some people however, for some odd reason, like to hang around for the slaughter, though.
You see, on days like today, it becomes blatantly obvious that FITX management has absolutely no financial skills other than giving the OK to print more shares. Some CEOs know how to add value to the s/h base. Not FITX's though. Obviously, he/she only sees every substantial fundamental development as a means to print new paper.
And, once the available fundamental developments have lost their punch, and the SS has reached 3B, or 4B, or whatever, they will try to sell the idea that a r/s will allow them to put FITX on a higher, more befitting exchange.
Well, truth is, and proved time and again, it never pans out that way. The reason being, if a CEO doesn't have the savvy to get to a higher exchange on merit and brains alone, no amount of massive dilution, and r/s's will do the trick. Never happened before. FITX most certainly won't be the first.
Today, if not before, the FITX CEO proved once and for all, he has absolutely no managerial/financial/market skills/savvy, and instead, hopes he can buy his company's way to the top, by printing new shares, to pay for everything his lack of brains can't accommodate.
I pity those who have the lack of understanding and experience, from here on out, to call themselves FITX investors.
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