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Ineffable777

04/29/14 3:16 PM

#6552 RE: Cholley11093 #6551

Lots of shorts. No dilution that would cause a problem in my eyes.

It will take the sector to calm down before ANY mj stocks do well again. Could be days weeks... who the hell knows. People are very stupid.
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TraderGash

04/29/14 3:30 PM

#6557 RE: Cholley11093 #6551

The short position in FSPM has been stable for the last two months, so it is not shorts that are causing the continued decline in share price.

http://www.otcmarkets.com/stock/FSPM/short-sales

Dilution is transparent in the annual report. Scott Dittman converted 20,000 preferred shares into 2,000,000 common shares, and another 3,000,000 or so shares were added by conversion of notes during 2013.
Holders of preferred shares can convert their shares into another 150,000,000 common shares, and Scott's sister and brother-in-law hold notes that can cause further dilution. It's all in the Annual Report!