Replies to post #68767 on Creative Edge Nutrition Inc (FITX)

[Neuronal]

Same as it's been from day 1, and same as every single OTC/penny stock I've ever been in. These aren't blue chip stocks man, their associated transfer agents don't work that way.

What's so hard to understand about the company public statement released repeatedly, and most recently 1/22/14:

Creative Edge Nutrition, Inc.
January 22.
I will reiterate… There are NO current plans for a reverse split or an increase in authorized or outstanding shares. We are exploring the share buy back options.

https://www.facebook.com/home.php#!/creativeedgenutrition

FITX

[streak1977]

As far as your comments on the O/S and A/S...

https://commerce.us.reuters.com/purchase/showReportDetail.do?docid=44255582

You have to pay $20 for the Jan. 25th report direct from Reuters Global but my brokerage lets me see it for free.

As of 1/25/2014, there were 3,405,970,000 shares with a float of 2,726,400,000. According to the latest verifiable data, as of June 30, 2013 their revenue decreased 42% to 3.2M. Their operating costs increased by 26% to 2.6M. and had lost $500,000 for the year by that point.

Their current trading price is 31.23x greater than their sales and 137.31x their book value. As of June they were operating with a -46% profit margin.

Sounds like a winner...

[rverboatgambler]

Bulls,maybe they're buying back shares?

just thinking out loud...

what do you think ?


Rver