On the merger.....hmmm, it is anyone's guess. But
Post# of 56324
Posted On: 08/21/2014 9:06:37 AM
On the merger.....hmmm, it is anyone's guess. But, it was my impression, and let me repeat, my impression when talking to the IR, that what FITX, wanted to see, in order, was License, merger, and then Audited financials, then uplist. The impression was that RXNB was worth more than FITX, and that the License would somehow would help to equal that out, putting a balance in the merger and enough equity to go to the larger exchange, which is yet to be determined by the AUDITORS. I am not sure how the share structure would pan out, as there are MANY ways it could go.
We do know that Bill does not want a reverse, so, I think we are relatively safe there, unless the BOD overrules him on that, which, I am not sure they can or can not, as I have not seen the original constitution, or amendments to the Corp.. So, I am not sure who would have the power at the end of the day. I assume Bill.
There are many good reasons for a r/s, in larger companies which if you consider Apple doing the 7:1 forward split, made good sense to get retail investors in at less than a hundred dollars a share.
Then there is the reason for an up list. A r/s COULD bring the pps to a place in which a up list is easy. My problem here is that, even though that may be true, I think that once we have the License, we will be viable enough on our own to raise the pps with natural growth.
The thing I think is important to remember here is that we have MANY moving parts that can and will generate income. A lot, of income. That is the key for me here. It may take a little time, but, the License is the key to actually getting started in that phase of business. Once there, then the merger can happen, Audited financials can happen, we can show growth, potential income, actual income, and then people will begin to start doing forward earnings estimates, which I expect to be in the neighborhood of a minimum of 15 x at least. Well worth waiting for all of these very likely and viable things to happen. We just need to get H / C. out of the way with respect to license. I hope this helps some. GLTA
We do know that Bill does not want a reverse, so, I think we are relatively safe there, unless the BOD overrules him on that, which, I am not sure they can or can not, as I have not seen the original constitution, or amendments to the Corp.. So, I am not sure who would have the power at the end of the day. I assume Bill.
There are many good reasons for a r/s, in larger companies which if you consider Apple doing the 7:1 forward split, made good sense to get retail investors in at less than a hundred dollars a share.
Then there is the reason for an up list. A r/s COULD bring the pps to a place in which a up list is easy. My problem here is that, even though that may be true, I think that once we have the License, we will be viable enough on our own to raise the pps with natural growth.
The thing I think is important to remember here is that we have MANY moving parts that can and will generate income. A lot, of income. That is the key for me here. It may take a little time, but, the License is the key to actually getting started in that phase of business. Once there, then the merger can happen, Audited financials can happen, we can show growth, potential income, actual income, and then people will begin to start doing forward earnings estimates, which I expect to be in the neighborhood of a minimum of 15 x at least. Well worth waiting for all of these very likely and viable things to happen. We just need to get H / C. out of the way with respect to license. I hope this helps some. GLTA
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In times when you feel low self esteem, disappointment and perhaps even depression.......keep in mind that it may simply be the result of the fact that you are surrounded by ass holes. GLTA