Posted On: 03/28/2014 7:57:58 PM
Post# of 56323
The share price is based on market cap. If a company has 100 shares outstanding priced at $1 that company is worth $100. If another company has 1000 shares outstanding prices at. .10 that company is also worth $100. That being said FITX has a lot more outstanding shares than other high flying MJ stocks. That being said I am very long FITX bought more today as I am looking for some news to start breaking next week. The reason we are trading sideways right now is there are many uncertainties that need to be dealt with through upcoming PRs. When that starts to happen then we will start to move. I also think once we break a new high. 115 you will see a rush of new money come in and we will fly to the .18 .20 range imo. Here is what we need to hear about for that to happen.
1 We need to hear about the finishing of security protocol to call for the license. The Vault will be the key factor.
2 We need the delivery of Steel for building 2
3 We need clarification on the PHOT deal on 4/4
4 We need clarification on the 20 million in financing
5 We need Bill to call HC for inspection
6 We need to get the license
7 We need to start growing
8 We need to announce deals of sales
9 We need revenue deals announced from the HEMP side
10 We need to Uplisit
11 We need to make money and be profitable
12 We need a share buyback
13 We need to build out the property to increase capacity
When these 13 things happen which I predict will take 2 years imo we will be in the $8 to $10 range. So at this point we have an.08 cent stock so the bottom line is do you think Bill can execute the above. If you do you could be buying MSFT or Apple at the beginning. If you think he can't then you wait until things start to happen but buy in much higher which bigger money will do and be willing to wait and pay more. And if Bill doesn't pull off the above we go much lower. I am not thinking that will be the case but only time will tell.
1 We need to hear about the finishing of security protocol to call for the license. The Vault will be the key factor.
2 We need the delivery of Steel for building 2
3 We need clarification on the PHOT deal on 4/4
4 We need clarification on the 20 million in financing
5 We need Bill to call HC for inspection
6 We need to get the license
7 We need to start growing
8 We need to announce deals of sales
9 We need revenue deals announced from the HEMP side
10 We need to Uplisit
11 We need to make money and be profitable
12 We need a share buyback
13 We need to build out the property to increase capacity
When these 13 things happen which I predict will take 2 years imo we will be in the $8 to $10 range. So at this point we have an.08 cent stock so the bottom line is do you think Bill can execute the above. If you do you could be buying MSFT or Apple at the beginning. If you think he can't then you wait until things start to happen but buy in much higher which bigger money will do and be willing to wait and pay more. And if Bill doesn't pull off the above we go much lower. I am not thinking that will be the case but only time will tell.
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