Newmedman, I agree with the poster that said the more you see and hear from the CEO, the more you see he is not the manager one would expect (or want) to have in charge of their company. He panders to the shareholders via FB, etc., and he knows he's flanning the flames. He's reactionary to the commentary, so it's becoming more like the tail wagging the dog. He should conduct himself insulated from the messages and comments and simply strive to do good work and let the share price follow the results. Now given no results, he seems to be doing a lot of fanning the flames because there's little substance....that sort of behavior becomes routine instead of exceptional, then game over, he'll be recognized for what that is. OK, on the buildout during winter, but the numbers he throws out are seemingly taken out of thin air.
And no one gives you $12 mill in financing for free. It's going to come out of FITX's hide in the form of shares. The share buy back talk is nonsense (where's the cash to do that with?), imo, so there's multiple issues that make no sense, not the evaluation for their market sales forecast nor the share issues. Historically, it never works out well with penny companies, even if this is a 'lifetime event' that they are involved in. They were offering 5% of the company for $25 million?... absurd, they don't even have $1 in revenue (from the MJ side) and not even 1 seedling is growing. For $25 million at 0.045, that translates to 555 mill shares = 16% of the A/S.
If 'middle men's point is true, then it's even that much worse for FITX (i.e., can't build concrete footings until it thaws below the frost line)
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