Creative Edge Nutrition Inc (FITX)

[eelfland]

I think FITX is going down, possibly back into the sub-pennies if anything serious goes wrong, and there's a good chance for that to happen. Too many shares outstanding, too many more shares coming to the float, and too much legitimate competition for investors' dollars. Even Bill himself can't resist selling his own personal shares above a dime. $300 million is too much money for a company that's not profitably producing and selling anything but stock. If they ever do get up and running and making money someday, maybe, years from now, they might justify that sort of market cap, but they're a long way from being worth that kind of money at this point.

As far as I'm concerned, FITX is just another pinky pump 'n dump, designed to enrich the insiders at sharebuyers' expense. It has a far better chance of becoming a bitter memory than a successful company profitably producing and selling a product and making money for its long-term shareholders. I don't think it was ever intended to do that--just to make a huge windfall for the insiders.