Posted On: 03/18/2014 11:53:17 PM
Post# of 56323
Re: TexasKeller #5419
Thank you for your response, It seems like the PHOT VAPE deal managed to take FITX up. If that news wasn't out then the recent news about the shareholder recap would have made this drop to the low .07's and possibly lower. If PHOT's shares increase then we make more money if we get the license, its as simple as that. right now we are getting more than quadruple our promised money potentially of the Growlife inc. shares are issued to us after the license is granted. So that is IMO the reason we are still hanging around close to .10 but you are right it is definitely a resistance point.
Nobody in their right mind who has done some measurable DD would be bashing and even the bashers have their own reasons for bashing the stock. I don't think they have a drastic effect on the PPS though, only on dumb money and dumb money is usually a tiny fraction of the trades that go through.
I think insider selling is playing a factor in us treading water right now but we all know once the license is issued this will skyrocket. Insiders aren't good traders they were just people lucky enough to get shares issued at .001 and you better believe they want to get paid! who wouldn't take a few million off the table. You never have to work again with a few million, why risk seeing this play out? IMO that is the reason for us not being able to break through .10.
You are right! The license should revive FITX and open up so many doors. I'm going to keep accumulating for the next few weeks. We could touch .04 again or tread in the .11's and .10's in anticipation and depending on PHOT's price action but we all know what is coming. Easy double from here before we see a retracement again. And from there, who knows! Very exciting stuff.
Nobody in their right mind who has done some measurable DD would be bashing and even the bashers have their own reasons for bashing the stock. I don't think they have a drastic effect on the PPS though, only on dumb money and dumb money is usually a tiny fraction of the trades that go through.
I think insider selling is playing a factor in us treading water right now but we all know once the license is issued this will skyrocket. Insiders aren't good traders they were just people lucky enough to get shares issued at .001 and you better believe they want to get paid! who wouldn't take a few million off the table. You never have to work again with a few million, why risk seeing this play out? IMO that is the reason for us not being able to break through .10.
You are right! The license should revive FITX and open up so many doors. I'm going to keep accumulating for the next few weeks. We could touch .04 again or tread in the .11's and .10's in anticipation and depending on PHOT's price action but we all know what is coming. Easy double from here before we see a retracement again. And from there, who knows! Very exciting stuff.
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