I hope the heck we never hear the words R/S come o
Post# of 56324
Posted On: 03/28/2014 9:06:49 PM
I hope the heck we never hear the words R/S come outta Bill's mouth. Not even for an uplisting promise of many other great things to come. It can be done successfully, but a better course of action would be at a later date (once we are growing and selling product(s)), have already built out the remainder of the property and have a surplus of profits from REAL earnings, the surplus funds could and SHOULD be used to purchase shares off the open market, whereby FITX cancels the repurchased shares, reducing the A/S and O/S shares, which increases the remaining share owner value.
I went through the Revlon (REV) R/S (9/16/2008 MANDATORY REVERSE SPLIT 1:10) and 5 long years later made a killing, as a matter of fact ALL my FITX shares were purchased with REV profits. Ron Peralman (REV) and the BOD made the decision of the 1 for 10 shares, which took my 50,000 shares down to 5,000 shares. Paerlman (REV) made good on most of his promises from 2008 and all turned out extremely well for those shareholders who held from the $0.9350 PPS before the split to when I sold just before Christmas 2013 at $25.00 PPS. Most R/S are viewed very negatively, since most R/S happen because a company is trying to maintaining an exchange listing and their stock price has already faltered to a point where a R/S is the ONLY avenue left to prevent a delisting... IN FITX's case, it could be done to speed up an uplisting much sooner that allowing an organic growth of the FITX PPS.
Sorry my post is so long.
I went through the Revlon (REV) R/S (9/16/2008 MANDATORY REVERSE SPLIT 1:10) and 5 long years later made a killing, as a matter of fact ALL my FITX shares were purchased with REV profits. Ron Peralman (REV) and the BOD made the decision of the 1 for 10 shares, which took my 50,000 shares down to 5,000 shares. Paerlman (REV) made good on most of his promises from 2008 and all turned out extremely well for those shareholders who held from the $0.9350 PPS before the split to when I sold just before Christmas 2013 at $25.00 PPS. Most R/S are viewed very negatively, since most R/S happen because a company is trying to maintaining an exchange listing and their stock price has already faltered to a point where a R/S is the ONLY avenue left to prevent a delisting... IN FITX's case, it could be done to speed up an uplisting much sooner that allowing an organic growth of the FITX PPS.
Sorry my post is so long.
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