Genius move on Bill's part using Arcview and the coverage they had to make his announcement...perhaps this was planned all along. After all, Steve DeAngelo's interview with MSNBC happened well before the Arcview gathering, giving Bill enough time to seal a deal with PHOT.
"Did anyone see Steve DeAngelo on MSNBC last Wednesday? The reason I ask is because when he was asked about any specific public companies that he might place his bets on, his answer was that private placement was where he saw the best opportunity. This all makes sense now in light of the events that have unfolded. Of course he would say that because his operation is privately held. He wants private placement funds coming his way, not to companies like FITX that post a direct threat to his goals and agenda.
FITX appears to have a solid plan in place, so much so, that it has one of the most successful private entrepreneurs worried that FITX will eventually grab a sizable percentage of the US market as the governing laws undoubtedly lead to rescheduling. So rather support what another company like FITX is doing within the sector, a negative spin and dark shadow is cast over FITX with this Arcview investor presentation.
Just my two cents worth. FITX will be fine with or without the support of a well known private group of investors. They already have...and they will continue to, as long as they stay the course.
Overall, too bad everyone can't help each other in these most monumental times of change. There will be plenty to go around for all, and this is not the time to try and claim absolute hierarchy in a new and "budding" sector. Let them all bloom and rise to the top!"
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