Posted On: 03/22/2014 10:47:59 PM
Post# of 56324
In general I agree with you however it is the quantity of shares that is concerning. Per the FITX Financials, Period ending 4th Quarter 2013 RS issued to:
JW Financial 117,944,444
HH Group LLC 256,724,488
Swan Alliance 310,993,204,
Capital Shield 300,000,000
Prime Equities 100,000,000
Richardson 339,243,695
Totals 1,424,905,831 Restricted Shares becoming non restricted between 4/1/14 and 9/6/14. Almost all of these shares were issued at .001
The short volume from 19 February to 21 February was 683,933,996 or 33.98% of the averaged volume, this means that approximately 64.02% came from insiders and new shareholder purchases. There were 119 shareholders of record as of 12/31/13 (if I remember correctly). If this is extrapolated and carried forward then it becomes obvious that there is a high potential for insider sales between 4/1/14 and 9/6/14 when 1.4 billion shares become unrestricted. (This is not all of the shares becoming unrestricted and only represents the period ending 12/31/13)
I don't know if insider shares once sold increases float. Perhaps someone could answer this for me. The way I see it is that we will get a bump in volume/pps on or slightly before and after April 1, 2014 then another bump after announcement of Licensing. After that I believe it bumps will occur based on significant events in the mj landscape such as legal changes and then JV's /earnings/etc.
I still feel that the larger investors will look at the quantity of RS being front loaded and stay back until this has been shaken out.
I really appreciate your reply and anyone else that can add some insight or correct me where I am wrong.
Thanks in advance.
JW Financial 117,944,444
HH Group LLC 256,724,488
Swan Alliance 310,993,204,
Capital Shield 300,000,000
Prime Equities 100,000,000
Richardson 339,243,695
Totals 1,424,905,831 Restricted Shares becoming non restricted between 4/1/14 and 9/6/14. Almost all of these shares were issued at .001
The short volume from 19 February to 21 February was 683,933,996 or 33.98% of the averaged volume, this means that approximately 64.02% came from insiders and new shareholder purchases. There were 119 shareholders of record as of 12/31/13 (if I remember correctly). If this is extrapolated and carried forward then it becomes obvious that there is a high potential for insider sales between 4/1/14 and 9/6/14 when 1.4 billion shares become unrestricted. (This is not all of the shares becoming unrestricted and only represents the period ending 12/31/13)
I don't know if insider shares once sold increases float. Perhaps someone could answer this for me. The way I see it is that we will get a bump in volume/pps on or slightly before and after April 1, 2014 then another bump after announcement of Licensing. After that I believe it bumps will occur based on significant events in the mj landscape such as legal changes and then JV's /earnings/etc.
I still feel that the larger investors will look at the quantity of RS being front loaded and stay back until this has been shaken out.
I really appreciate your reply and anyone else that can add some insight or correct me where I am wrong.
Thanks in advance.
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