Thank you for summarizing. It all sounds plausible. I remember watching that Arcview video and the statement being made that there were no good cannabis stocks to invest in. If he didn't want to tip his hat (and pigtails) he should have just said "no comment" to avoid dissing FITX and PHO*
$FITX you are spot on ;-) ... always refreshing to hear thoughts of sensible people that know how to put pieces together and see through the facade ...
I think you nailed it man. Spot on and well done! Makes absolutely perfect sense. The private guys and ArcView are about to get a rude awakening to find out that they are not center stage and cornering the market as they thought, but rather that a publicly tradable monster in the making was born on their public stage. These guys are geniuses, as I've said over and over. Based on many of the posts here over the last few days, it will take a lot of people time to catch up and open their eyes to see what is really going on here...
Wow! Excellent post. You make it all seem so clear now. The presentation was so obviously thrown together how could anyone question that something happened.
PHOT is voting to dilute 02/07. FITX has not done anything with the "12 million" they supposedly received in November, including applying for permits. On 01/07 Bill claimed they would be ready in "7 months" but they don't even have permits.
PHOT lost a million last quarter. A company with 16 employees lost 1.8 million dollars in 3 months. That means for every employee PHOT last over 30k a month.
They are both attending a conference that for weeks has said there was little in the public sector worth funding.
Now if the stock ticker was one that you did not own. What you make of that?
Bill needed to get a deal done. Sterling realized opportunity. Phot wanted to get a pie piece pryor to arcview. Last minute deal done...hence awkward presentation..just went through the motions. Bill and Sterling standing backstage was classic.