? on impact of RS
Post# of 56323
Posted On: 03/12/2014 10:52:40 PM
Hi All
I know this has been answered but I probably missed something so I wanted to ask the number crunchers on this board.
Per SEC 1st Quarter ending December 31, 2013 report dated February 20, 2014
FITX Restricted Shares 4/5/12 to 3/4/13 totaled 246,032,798 Many of these shares could be the ones we have seen recently as "shorted" as they are issued at .005 (highest) to .001. Please correct me if I am wrong here.
The restricted shares 3/18/13 to 4/27/13 total 217,444,444 at .001 coincide with the targeted April 1 law change by the Canadian Government and possible licensing. It will take a lot of investor capital to adsorb 217+ million shares (I know, or expect many of those share holders would hold rather than liquidate shares)
The restricted shares 5/5/13 to 9/6/13 total 2.097.542,627 This is a huge number of restricted shares at over 2 billion and they are issued at .001. My question is this.....What can the market reasonably absorb over what period of time where shareholders can also recognize a profit? Please understand that I am absolutely sincere in my question and would greatly appreciate someone with more expertise then myself (just minimal here) to provide some feedback.
I know this has been answered but I probably missed something so I wanted to ask the number crunchers on this board.
Per SEC 1st Quarter ending December 31, 2013 report dated February 20, 2014
FITX Restricted Shares 4/5/12 to 3/4/13 totaled 246,032,798 Many of these shares could be the ones we have seen recently as "shorted" as they are issued at .005 (highest) to .001. Please correct me if I am wrong here.
The restricted shares 3/18/13 to 4/27/13 total 217,444,444 at .001 coincide with the targeted April 1 law change by the Canadian Government and possible licensing. It will take a lot of investor capital to adsorb 217+ million shares (I know, or expect many of those share holders would hold rather than liquidate shares)
The restricted shares 5/5/13 to 9/6/13 total 2.097.542,627 This is a huge number of restricted shares at over 2 billion and they are issued at .001. My question is this.....What can the market reasonably absorb over what period of time where shareholders can also recognize a profit? Please understand that I am absolutely sincere in my question and would greatly appreciate someone with more expertise then myself (just minimal here) to provide some feedback.
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