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Friday, March 14, 2014 11:41:59 AM
Two possibilities come to mind as to why that barn doesn't have a proper floor in it: First, concrete costs money, and second, if they put a floor in that barn, it may not be thought of as a barn anymore, and they don't have the zoning for anything other than a barn and a fence. And let us not forget that it's not even FITX's barn! It belongs to the CEO's cousin, and FITX shareholders are just renting it.
Then come the questions about the electric and water utilities that would be needed to run such a "facility." Mighty big users for such a little agricultural/residential neighborhood. Again, zoning. Big issue. Big red flag. Let's see them pull a permit from the city to build that "facility."
There are way too many unanswered questions regarding FITX for it to be capitalized in the hundreds of millions of dollars, and yet it is. What a wonderful selling opportunity for the insiders!
A good bottom's hard to beat.
e
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