FITX DD: Market Value $279,289,503 a/o May 05, 20
Post# of 768
Posted On: 05/06/2014 9:45:53 PM
FITX DD: Market Value $279,289,503 a/o May 05, 2014
Float 2,295,374,724 a/o Mar 21, 2014
Authorized Shares 3,500,000,000 a/o Mar 21, 2014
Shares Outstanding 3,405,969,548 a/o Mar 21, 2014
From latest financial:
Three Months Ended Dec 31, 2013
Current Assets
Cash 18,978
Accounts receivable 162,226
Inventories 466,690
Prepaids 24,865
Other 186,579
Total Current Assets 859,338
Goodwill 1,485,107
CURRENT LIABILITIES:
Accounts payable and accrued expenses $ 722,411
Accounts payable and accrued expenses-Related parties 3,487,940
Deposits 25,760
Advances payable 135,000
Notes payable-Related party 197,500
Notes payable 33,033
Total Current Liabilities 4,601,644
Revenues $ 303,712
Costs of revenues 172,811
Gross profit 130,901
Net income/(Ioss) $ (1,468,618)
Weighted average shares outstanding
Basic and diluted 3,405,969,548
Increase in notes payable 108,925
Notes: Goodwill ($1,485,107) unusually high for a startup. Market cap $208,000,000 is already discounting very large amounts of revenue and net income not yet realized. Q4 revenues 303,700; Gross profit 130,900; Net income for Q4 (Ioss) $ (1,468,618).
O/S 3.4B (March 21, 2014) and A/S 3.5B implies imminent rise in A/S. Company funding through stock sales:
From Q1 2014 Disclosure
4) Issuance History
List below any events, in chronological order, that resulted in changes in total shares outstanding by the issuer in the past two fiscal years and any interim period. The list shall include all offerings of securities, whether private or public, and all shares or any other securities or options to acquire such securities issued for services, describing (1) the securities, (2) the persons or entities to whom such securities were issued and (3) the services provided by such persons or entities.
Float 2,295,374,724 a/o Mar 21, 2014
Authorized Shares 3,500,000,000 a/o Mar 21, 2014
Shares Outstanding 3,405,969,548 a/o Mar 21, 2014
From latest financial:
Three Months Ended Dec 31, 2013
Current Assets
Cash 18,978
Accounts receivable 162,226
Inventories 466,690
Prepaids 24,865
Other 186,579
Total Current Assets 859,338
Goodwill 1,485,107
CURRENT LIABILITIES:
Accounts payable and accrued expenses $ 722,411
Accounts payable and accrued expenses-Related parties 3,487,940
Deposits 25,760
Advances payable 135,000
Notes payable-Related party 197,500
Notes payable 33,033
Total Current Liabilities 4,601,644
Revenues $ 303,712
Costs of revenues 172,811
Gross profit 130,901
Net income/(Ioss) $ (1,468,618)
Weighted average shares outstanding
Basic and diluted 3,405,969,548
Increase in notes payable 108,925
Notes: Goodwill ($1,485,107) unusually high for a startup. Market cap $208,000,000 is already discounting very large amounts of revenue and net income not yet realized. Q4 revenues 303,700; Gross profit 130,900; Net income for Q4 (Ioss) $ (1,468,618).
O/S 3.4B (March 21, 2014) and A/S 3.5B implies imminent rise in A/S. Company funding through stock sales:
From Q1 2014 Disclosure
4) Issuance History
List below any events, in chronological order, that resulted in changes in total shares outstanding by the issuer in the past two fiscal years and any interim period. The list shall include all offerings of securities, whether private or public, and all shares or any other securities or options to acquire such securities issued for services, describing (1) the securities, (2) the persons or entities to whom such securities were issued and (3) the services provided by such persons or entities.
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