Interesting board read, especially posts about holding breath, emotional roller coaster ride etc etc. Way too much hyping going on here about what might happen, and what colour yacht you should buy.
Here is a laundry list.
1-don't watch every uptick. If you invested in this long term, go away. the last I heard they are still making yachts so you won't miss out on ordering one for yourself.
2-speculation about when the license is coming or I heard it from a very good source. No one knows anything but you hinge your hopes on the words of complete strangers tellling you this might be the week. It has been the week since Bill informed shareholders they had submitted their application. Then it was two weeks to inspection, then seeds in the ground and maybe a crop by summer. None of which has happened. So stop reading those posts. When you get emotionally involved you do stupid things.
3-an awesome company. Until this company actually sells its first weed and the financials show massive crushing profits and the competitors are hoisting the white flags, this company is nothing but an unfullfilled promise of great things to come. Don't count your chickens.
4-summer is short and winters long, go away, enjoy what remains of summer. Worrying, handwringng, predicting, defendings, emotional roller coaster rides, holding breath. Does not sound like fun to me at all. If you don't have the courage of your convictions, the reason you invested in the first place, perhaps this is not the game for you.
5-this is a high risk investment and will remain so until they show a profit. Some are going to trade it and make money, some are going to get fleeced badly if licenses are not given. If you are an investor, well, this is a high risk investment until the company actaully does something to show investors faith was well founded.
FITX is late to this party but that does not mean they are not going to pull it off. It means they have a hell of a lot of work cut out for them because of the competition out there. Bedrocan remains the biggest threat to everyone with their expertise, their ability to export, and their R&D put them at the top of the pile in experience and business expertise in this area. When they go public, watch out.
And lastly, I have done my own dd on some of these guys and the doctor they just hired, well, I have some serious concerns about that person and how such a distinguished person ends up here. His background is not great, it is all public knowledge, and some of his tribulations are not exactly making me want to run out and wave the guys flag. I would rather bury it. But that is just my opinion.
Here is a laundry list.
1-don't watch every uptick. If you invested in this long term, go away. the last I heard they are still making yachts so you won't miss out on ordering one for yourself.
2-speculation about when the license is coming or I heard it from a very good source. No one knows anything but you hinge your hopes on the words of complete strangers tellling you this might be the week. It has been the week since Bill informed shareholders they had submitted their application. Then it was two weeks to inspection, then seeds in the ground and maybe a crop by summer. None of which has happened. So stop reading those posts. When you get emotionally involved you do stupid things.
3-an awesome company. Until this company actually sells its first weed and the financials show massive crushing profits and the competitors are hoisting the white flags, this company is nothing but an unfullfilled promise of great things to come. Don't count your chickens.
4-summer is short and winters long, go away, enjoy what remains of summer. Worrying, handwringng, predicting, defendings, emotional roller coaster rides, holding breath. Does not sound like fun to me at all. If you don't have the courage of your convictions, the reason you invested in the first place, perhaps this is not the game for you.
5-this is a high risk investment and will remain so until they show a profit. Some are going to trade it and make money, some are going to get fleeced badly if licenses are not given. If you are an investor, well, this is a high risk investment until the company actaully does something to show investors faith was well founded.
FITX is late to this party but that does not mean they are not going to pull it off. It means they have a hell of a lot of work cut out for them because of the competition out there. Bedrocan remains the biggest threat to everyone with their expertise, their ability to export, and their R&D put them at the top of the pile in experience and business expertise in this area. When they go public, watch out.
And lastly, I have done my own dd on some of these guys and the doctor they just hired, well, I have some serious concerns about that person and how such a distinguished person ends up here. His background is not great, it is all public knowledge, and some of his tribulations are not exactly making me want to run out and wave the guys flag. I would rather bury it. But that is just my opinion.
