Good post and really imformative. The $2mil line of credit is to fund receivables while they get product on the shelves. The promo funding could be coming from a different source?? Either way, I've watched and played this thing for awhile and what you have said sums up what's going on and difficult to dispute.
until trust is re-established here we go lower-- and how can they do that after this dismal history???? they have dug a pretty deep hole here- and i think they will keep digging--into the 3s imo-----no change with facebook boy and cohorts even lower---all imo------------------tmonkey
Excellent post....In respect to the restricted shares, while they may initially be issued with a 1 year or greater restriction, they can get around this by having a 144 opinion letter issued, essentially dropping the restriction...and hence allowing all those "restricted" to be sold into the market. This is why FITX has a legal counsel that specializes in 144 opinion letters. jmo