Posted On: 11/11/2014 8:29:46 AM
Post# of 56323

On FITX's Q2 report, there is a table that shows the historical list of restricted shares issued. In May of this year, a number of shares were issued with a price at 0.055 as opposed to the previous value of either 0.001. Of those that were issued shares at 0.055 are various board members.
I'm not familiar with how this works - do the board members need to pay 0.055 to take ownership of those shares or have they already paid 0.055 for them? If 0.055 will be their cost base, I would think that they would be doing whatever it takes to get the PPS to increase as they would be taking a 70% loss on the shares as it stands now.
Any insight would be very much appreciated.
Regards,
-kbulldog.
I'm not familiar with how this works - do the board members need to pay 0.055 to take ownership of those shares or have they already paid 0.055 for them? If 0.055 will be their cost base, I would think that they would be doing whatever it takes to get the PPS to increase as they would be taking a 70% loss on the shares as it stands now.
Any insight would be very much appreciated.
Regards,
-kbulldog.


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