Replies to post #128469 on Creative Edge Nutrition Inc (FITX)

[swingingRichard]

The only legal requirements for limiting selling apply to officers of the company and other such persons in control of the company. If you don't fall into that narrow category, then you are pretty much free to do what you want with your shares.

The problem FITX might have, is that the shares for these people were so cheap when they were awarded, that selling is going to be an attractive option. Very attractive.

That HHS Group, a promoter, was handed a total of 8% of FITX for services and I believe they paid debt. Still, those shares were awarded at the low low price of fractions, 100ths or 1000ths of a penny. What would you do if you were holding that kind of money tied to company that has never seen black ink, and is run by a lawyer that couldn't run a profitable law practice among 4 or 5 other losing ventures. Just going off what I've seen posted here and what is sorely lacking from the resumes of Billy, Jeffy and Sammy . . . Successful businesses.

[dog turd cannon]

Just an example:

I give 10 million shares to a middle man to sell. I want 10 cents per share. The stock is currently @ 12 cents.

If the float is 1,000 million shares with an average daily volume of 20 million flooding the market with 10 million in one day will cause the stock to fall ~50 % because of the sudden increase.

So what most likely will happen is over a few weeks there will be a rush buying of small blocks of shares in the morning to get more people buying then the shares will be bled off. Hopefully, the middle man broker will be able to sell all the shares over the next x weeks above 0.10 so they firm can profit as well.

This will repeat itself as long as it can until there are no shares to sell. Then people will short the stock to completely devalue the shares (creating retail bag holders) and the mostly the shares will be fall back to 0.00x over an extended period of time. To be reverse split and used again. This is safe to do once there are no shares to unrestricted. By then everyone in retail that wants the stock will already be so flush there will be no capital to influx. Now this short doesn't have to be a literal short... just by stopping the buoyancy the stock will fall and the people that want to own all the shares can just wait out every in retail jumping ship.

Or, MYCO (since this is hypothetical) will get approved for a license and the stock will have a tangible value on par with TW&.

Tweed has 40 million shares (google finance just for simplicity I realize this is not strictly correct) and is work ~ $3.00 / share.

MYCO let's say has 3.5 billion shares at $0.10 / share which would mean the stock would fall to $0.03 / share to be even with Tweed. Then the reality every one on MMPR list has discovered... growing large scale marijuana is really freaking hard... since 3(4) of the MMPRs have already been suspended I would think it would take a very long time for FITX to actually make this work.

That means a lot more debt... and a lot more shares... this is a pretty midterm view. Short Term you'd be amazed what one person can do to a penny stock.