Replies to post #98823 on Creative Edge Nutrition Inc (FITX)

[eelfland]

I think the restrictions came off of some of those shares according to the date of the loan, rather than the date the stock was actually issued, accounting for some of the shares having entered the float less than a year from when they were issued. I'm also willing to accept the 800M-1.1 billion number of shares to be coming off restriction over the next few months.

"Transparent Bill" could clear all this up in an instant, just by telling us what the float is, or better yet, hiring a real TA that will keep us informed about SS information. Why is the float a secret? Because FITX is a SCAM.

The real question is how well those shares will be accepted by the market as it becomes clearer and clearer day by day that FITX is never going to grow any legal pot in Billy's cousin's barn, and NEVER REALLY INTENDED TO. I think all this hoopla was about selling stock--not pot--for millions upon millions of dollars in profit for the insiders, at bagholders' expense.

Yes, I said it, and I have said it before: FITX is a stock-selling SCAM.

[Bushmantrader]

My understanding is the difference would be restricted shares that have come off restriction and are now free trading and are included in the float.

[Mudcat18]

KwikKash - Here was my original analysis...

Many of the restricted shares that are listed on the filing were issued because of debt conversion and debt pay-off. While they were issued on the date stated in the filing, the 12-month restricted period starts not when they are issued, but rather when the debt was originally incurred. Let's actually read the filing and do a little math...

As of Dec. 31, 2013:
O/S = 3,417,417,549
Float = 2,295,374,724

That leaves 1,122,042,825 of the O/S unaccounted for.

In the filing, 804,484,675 were issued between March 2013 and September 2013 for things like services and those are definitely off restricted status in 2014. That said, 203,000,000 belong to Bill and Jeff who can only sell a combined 52,000,000 as insiders.

We are down to 317,558,150 of the O/S unaccounted for.

In the filing, 1,730,744,376 were issued in the same period for debt conversion and debt pay-off. Therefore, 1,413,186,226 of these shares must have made their way into the float and have been absorbed by the market. Given what we have seen in January and February, I am guessing that a good deal of the remaining 317.5 million shares have made there way to Float as well.

Therefore, the question is what is going to happen with the 804.5 million shares that are coming off restricted status. The timeline for these is as follows:

March 83,240,980
April 94,000,000
May 240,243,695
June 0
July 247,000,000
August 140,000,000

In my opinion, those number seems like they will be fairly easily absorb by the market considering the license will be place by the time the bulk of them come to market.

[MonestHind]

There are indeed questions of integrity here. I do not think this company has much of a future.