Posted On: 05/30/2014 11:57:17 PM
Post# of 56323
I really don't see the big deal behind the 12M share 144, yet. On the 19th Bill was in Germany handling the hemp side of business.
We all know that FITX is cash strapped right now. The 25% private investor equity deal was only for site 1, and only for site 1 equity. Additional private investors would be expensive (probably more so than site 1) and take a good bit of time.
It is very plausible that Bill has put additional personal money into the FITX project with the expectation that he will see a larger return. In the infamous Chris Parry interview, Bill made it very clear that he doesn't bet on others. He bets on himself.
I thought it was a rather bold, borderline arrogant, statement. However, it fits the story here, and until he is questioned directly about the 12M, nobody should get their panties in a wad.
IMHO
We all know that FITX is cash strapped right now. The 25% private investor equity deal was only for site 1, and only for site 1 equity. Additional private investors would be expensive (probably more so than site 1) and take a good bit of time.
It is very plausible that Bill has put additional personal money into the FITX project with the expectation that he will see a larger return. In the infamous Chris Parry interview, Bill made it very clear that he doesn't bet on others. He bets on himself.
I thought it was a rather bold, borderline arrogant, statement. However, it fits the story here, and until he is questioned directly about the 12M, nobody should get their panties in a wad.
IMHO
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