In my opinion the stock was cheated today by market forces.Pick any form of conspiracy theory you like.With todays "official news" I think we should be trading at .10 cents a share waiting for things to unfold further.
Something to consider is the fact that many traders and investors already knew, in general, what the news would say,Bills FB posts and anouncement at arcview last week,(except for actual financial details of the partnership)so,,,,,,you have a buy the rumor sell the news mentality that also hit today,the market was a little bloody,pot stocks were down in mass with few exceptions.
In my opinion buy the rumor,sell the news shouldn't happen on a stock that doesn't already have that news totally baked into the price of shares(I don't think it does).I think the stock is undervalued given the progress that has taken place.I still think .10 cents is a holding target for this stock at this time.We should gravitate to the 10 spot soon enough,tomorrow would be good for me.
Looking at so many other penny stocks trading much higher with less going for them and share structures not to different,I'm thinking the best stock (FITX)is being artificially held back so a few more whales can get theirs.
I also can't imagine a sweeter gift to shareholders right now than some kind of stock buy back,or even a promise of buy back.Bill has already stated currently no plans for R/S or increase in shares Authorized or Outstanding,but the market isn't stupid and the key words spoken ,paraphrasing were "currently or near future",
If Bill would give definitive information on how he plans to do a share buyback and at what point it would take effect it would help quite a bit.On the other hand if you are going to buy back company shares it would be best to do it while the stock is still cheap.How can he accomplish that?....think....it is possible, it may be happening right now and we just don't know it yet.
