Posted On: 12/04/2016 8:43:16 AM
Post# of 56324
Growing concern with FITX's Business License is it hasn't been renewed and it's currently expired.
What does this mean for the company of FITX? If a company doesn't have a business license, they cannot legally operate a business. It's impossible to operate a legal business without a business license and certainly you cannot get out of the grey market either.
What does this mean to current shareholders of FITX? It means if the business license isn't renewed, there share positions in FITX cannot be traded. In other words they're "Stuck".
If the business license isn't renewed by next month it will be revoked entirely because it wasn't renewed by the end of its expiration date. It also means the company could be gone as well.
What does this mean for the company of FITX? If a company doesn't have a business license, they cannot legally operate a business. It's impossible to operate a legal business without a business license and certainly you cannot get out of the grey market either.
What does this mean to current shareholders of FITX? It means if the business license isn't renewed, there share positions in FITX cannot be traded. In other words they're "Stuck".
If the business license isn't renewed by next month it will be revoked entirely because it wasn't renewed by the end of its expiration date. It also means the company could be gone as well.
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