Ya Taki was all over FITX when it was range tradin
Post# of 56323
Posted On: 02/24/2014 10:09:57 PM
Ya Taki was all over FITX when it was range trading in the sub pennies and when it ran to almost 4 pennies before the forward split. maybe he retired? Seemed like he knew what he was doing most of the time I don't doubt he made very good money.
Scarr said he was taking time off because he was frustrated with IHUB but that he "would return and wreak havoc on Penny World" haha that was a few years ago and I haven't seen any signs of him!
In regards to the shares becoming unrestricted even if the worst case scenario played out which is unlikely and every single person sold their restricted shares, the float would be 3.5 billion or 1 billion more than it is now approximately. This wouldn't change much as the Market Cap would not change. so the valuation is still the same. This is not likely to happen and Bill has stated that his friends and family believe in his vision as well.
If Bill and his team execute the plans they say then there is no reason why this market cap shouldn't be 3.5 billion. that is 1 dollar per share.They are projecting 5 Billion dollars in revenue and once the license is granted by Health Canada I think that is a signal to investors that achieving a 5 billion dollar grow operation is possible and likely.
More people will get involved with big money at that stage. This is real money we are talking about so I understand why people are not willing to put faith in a license that hasn't been granted yet although common sense would indicate that if CEN Biotech inc. is building and putting so much planning into this process it would logically conclude that the liscense is simply a formality and a given after they complete the building the way it was designed.
There will always be buyers in the high .08's and .09's due to the enormous revenue potential of FITX.
I've been thinking of setting a GTC order and forgetting that the market exists for a while but I just love stocks too much to do that. So every day I watch for better or for worse and take notes! A great learning experience for future investments.
FITX
Scarr said he was taking time off because he was frustrated with IHUB but that he "would return and wreak havoc on Penny World" haha that was a few years ago and I haven't seen any signs of him!
In regards to the shares becoming unrestricted even if the worst case scenario played out which is unlikely and every single person sold their restricted shares, the float would be 3.5 billion or 1 billion more than it is now approximately. This wouldn't change much as the Market Cap would not change. so the valuation is still the same. This is not likely to happen and Bill has stated that his friends and family believe in his vision as well.
If Bill and his team execute the plans they say then there is no reason why this market cap shouldn't be 3.5 billion. that is 1 dollar per share.They are projecting 5 Billion dollars in revenue and once the license is granted by Health Canada I think that is a signal to investors that achieving a 5 billion dollar grow operation is possible and likely.
More people will get involved with big money at that stage. This is real money we are talking about so I understand why people are not willing to put faith in a license that hasn't been granted yet although common sense would indicate that if CEN Biotech inc. is building and putting so much planning into this process it would logically conclude that the liscense is simply a formality and a given after they complete the building the way it was designed.
There will always be buyers in the high .08's and .09's due to the enormous revenue potential of FITX.
I've been thinking of setting a GTC order and forgetting that the market exists for a while but I just love stocks too much to do that. So every day I watch for better or for worse and take notes! A great learning experience for future investments.
FITX
(0)
(0)Creative Edge Nutrition Inc. (FITX) Stock Research Links
Scroll down for more posts ▼