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traderfjp

05/07/14 7:03 PM

#116317 RE: Nthbtruth #116311

The only way that I can see it changing is if they do a stock buy back. If FITX had the money, for a buyback, they wouldn't have needed the private equity stake to build the facility. The other route is to make a lot of money. They are in a growing market and have a pot factory so they have a great chance of executing. We are all invested for future earnings. That said the stock has held up great considering how the rest of the sector is behaving. I do think the stock is fragile. If they don't get the license on the first round the stock will hit .04 again and probably bounce around.