I'd have to kinda agree with Green Grass. (SORRY THIS IS SO LONG)
When FITX starts generating profit from the grow-op, I'd honestly expect the BOD to take those funds and reinvest the majority of the funds into growing the FITX empire. Either acquisition(s) of other Canadian growers, growers that might have a particular strain of plant that FITX would want to start production of medicine for a particular illness or disease. I would also expect as demand continues to exceed production, the profits would be used to continue building the mega-facility, funds to build building #3 (#C) and building #4 (#D) and so on, until the entire property is one humongous mega-production facility.
Perhaps the hemp side of FITX will have additional opportunities to acquire other hemp companies, the surplus funds could be used for that endeavor. If hemp becomes as big as many on this board are speculating, this is a real possibility.
Also, keep in mind, if "The Bill" and the FITX BOD announce a share buyback, it would normally look like these examples. Normally over a course of a year or years and a set amount of funds allocated to repurchase the shares...... The market tends to react very favorably to these type of repurchase announcements and the shareholders will never know how or when the repurchase of the shares is actually happening, until it has been completed and reported.
Sina Corporation
SINA Corporation (Nasdaq: SINA) announced that the board of directors of the Company has approved a new share repurchase program whereby SINA is authorized to repurchase its own ordinary shares with an aggregate value of up to $500 million. The Company expects to fund the repurchase out of its existing cash balance. The share repurchase may be effected on the open market at prevailing market prices and/or in negotiated transactions off the market from time to time as market conditions warrant and will be implemented in accordance with applicable requirements of Rule 10b5-1 and/or Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended.
or Carmax
4/4/2014 7:11 AM ET
Used vehicles retailer CarMax Inc. (KMX: Quote) reported that its fourth-quarter net earnings declined to $99.21 million or $0.44 per share, from $107.22 million or $0.46 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.53 per share for the quarter. Analysts' estimates typically exclude special items. But, net sales and operating revenues for the quarter rose to $3.08 billion from $2.83 billion in the prior year quarter. Eleven analysts had consensus revenue estimate of $3.18 billion for the quarter.
Used vehicle sales growth remained strong, with total used vehicle unit sales climbing 12% and comparable store used units up 7% versus the prior year's fourth quarter.
CarMax announced that its Board has approved a $1 billion expansion of the company's share repurchase program. This authorization expires December 31, 2015.
The new authorization is in addition to the $800 million of repurchases previously authorized by the Board, of which $282.1 million remained available as of February 28, 2014.
My money says that once FITX has completed the uplisting to a yet unknown exchange as of now and once FITX is showing a profit from production (hemp, MMJ and let's NOT forget the nutraceuticals and health supplements), a share repurchase will be announced and all of us currently on this board will be in a position to care less if/when this repurchase actually happens. The uplisting will be huge for FITX and the shareholders, the first profitable quarter will be huge for FITX and the shareholders.
Those shareholders currently holding FITX, those smart enough to continue buying and/or holding their shares as we hit these bumps of recent have NO CLUE what this measly little pink sheet stock potential truly is within the next 5-10 years. JMHO
When FITX starts generating profit from the grow-op, I'd honestly expect the BOD to take those funds and reinvest the majority of the funds into growing the FITX empire. Either acquisition(s) of other Canadian growers, growers that might have a particular strain of plant that FITX would want to start production of medicine for a particular illness or disease. I would also expect as demand continues to exceed production, the profits would be used to continue building the mega-facility, funds to build building #3 (#C) and building #4 (#D) and so on, until the entire property is one humongous mega-production facility.
Perhaps the hemp side of FITX will have additional opportunities to acquire other hemp companies, the surplus funds could be used for that endeavor. If hemp becomes as big as many on this board are speculating, this is a real possibility.
Also, keep in mind, if "The Bill" and the FITX BOD announce a share buyback, it would normally look like these examples. Normally over a course of a year or years and a set amount of funds allocated to repurchase the shares...... The market tends to react very favorably to these type of repurchase announcements and the shareholders will never know how or when the repurchase of the shares is actually happening, until it has been completed and reported.
Sina Corporation
SINA Corporation (Nasdaq: SINA) announced that the board of directors of the Company has approved a new share repurchase program whereby SINA is authorized to repurchase its own ordinary shares with an aggregate value of up to $500 million. The Company expects to fund the repurchase out of its existing cash balance. The share repurchase may be effected on the open market at prevailing market prices and/or in negotiated transactions off the market from time to time as market conditions warrant and will be implemented in accordance with applicable requirements of Rule 10b5-1 and/or Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended.
or Carmax
4/4/2014 7:11 AM ET
Used vehicles retailer CarMax Inc. (KMX: Quote) reported that its fourth-quarter net earnings declined to $99.21 million or $0.44 per share, from $107.22 million or $0.46 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.53 per share for the quarter. Analysts' estimates typically exclude special items. But, net sales and operating revenues for the quarter rose to $3.08 billion from $2.83 billion in the prior year quarter. Eleven analysts had consensus revenue estimate of $3.18 billion for the quarter.
Used vehicle sales growth remained strong, with total used vehicle unit sales climbing 12% and comparable store used units up 7% versus the prior year's fourth quarter.
CarMax announced that its Board has approved a $1 billion expansion of the company's share repurchase program. This authorization expires December 31, 2015.
The new authorization is in addition to the $800 million of repurchases previously authorized by the Board, of which $282.1 million remained available as of February 28, 2014.
My money says that once FITX has completed the uplisting to a yet unknown exchange as of now and once FITX is showing a profit from production (hemp, MMJ and let's NOT forget the nutraceuticals and health supplements), a share repurchase will be announced and all of us currently on this board will be in a position to care less if/when this repurchase actually happens. The uplisting will be huge for FITX and the shareholders, the first profitable quarter will be huge for FITX and the shareholders.
Those shareholders currently holding FITX, those smart enough to continue buying and/or holding their shares as we hit these bumps of recent have NO CLUE what this measly little pink sheet stock potential truly is within the next 5-10 years. JMHO
