FITX Discussion 08/26/2014 17:22:40 $FITX
who cares...what long who has seen these guys' commitment to shareholders cares if they makes money from this company? It's their right...they is the one taking the greatest risk investing the most money, time, blood sweat and tears into this...give it a rest already!
CW
Quote:
How did you feel about today?
had some big cash waiting on the sideline,jumped in when it started to drop,bought 1.3m shares at .07
was flirting with that price for the rest of the day,a bummer,but the inspection news will have more than 17% for us
feel good about my investment
FITX Stock Message Board http://investorshangout.com/Creative-Edge-Nut...ITX-63675/
Rules for shorting
NYSE: NYSE (rule 431 (c) 2) requires $2.50 in cash or margin for every stock below $2.50 per share sold short.
Quote:
(2) $2.50 per share or 100% of the current market value, whichever amount is greater, of each stock "short" in the account selling at less than $5.00 per share; plus
…
NASDAQ:
FINRA Rule 4210.
Quote:
(c) Maintenance Margin
The margin which must be maintained in all accounts of customers, except for cash accounts subject to other provisions of this Rule, shall be as follows:
(1) 25 percent of the current market value of all securities, except for security futures contracts, "long" in the account; plus
(2) $2.50 per share or 100 percent of the current market value, whichever amount is greater, of each stock "short" in the account selling at less than $5.00 per share; plus
(3) $5.00 per share or 30 percent of the current market value, whichever amount is greater, of each stock "short" in the account selling at $5.00 per share or above; plus
(4) 5 percent of the principal amount or 30 percent of the current market value, whichever amount is greater, of each bond "short" in the account.
(5) The minimum maintenance margin levels for security futures contracts, long and short, shall be 20 percent of the current market value of such contract. (See paragraph (f)(10) of this Rule for other provisions pertaining to security futures contracts.)
It may be common knowledge, but I was unaware. Thank you for the info. At the broker I use, for short sales it's 50% initial margin, 30% maintenance margin for stocks above $14.30. Any ticker between $5 and $14.30, it's $5 per share, + 30% maintenance, and they don't allow you to short any ticker under $5. IB is probably less restrictive due to them providing direct market access, where as most brokers try to fill orders from their inventory before going to the open market.
Shorties getting desperate. Short squeeze coming.
Those who waited will be rewarded. This company is for real and will soon be producing the best mj in the world.
I bet we can guess who sold those 1 million share blocks.
Just like clockwork.
Nicely stated! $FITX$
https://ibkb.interactivebrokers.com/article/285
I thought this was common knowledge. My B.
I wonder how many shares the CEO dumped today??
I bet he made bank on that little PR.
the shares I was referring to were pre arranged blocks of shares given to a MM to sell throughout the day. i.e shares coming from 144's coming off restriction or PIPES or promoters (like Hamdan) I wasn't referring to retail shares. double gasp!!!
And given it looks like they maxed out their A/S - what do they do now? Wait for the license BEFORE they raise it so everyone will be on a high and not get too mad??? How exactly do they plan to clear up that supposed typo? a typo that dates back to a number of the quarterlies? - all unaudited of course. which doesn't appear to be a typo at all.
who cares...what long who has seen these guys' commitment to shareholders cares if they makes money from this company? It's their right...they is the one taking the greatest risk investing the most money, time, blood sweat and tears into this...give it a rest already!
CW
Quote:
How did you feel about today?
had some big cash waiting on the sideline,jumped in when it started to drop,bought 1.3m shares at .07
was flirting with that price for the rest of the day,a bummer,but the inspection news will have more than 17% for us
feel good about my investment
FITX Stock Message Board http://investorshangout.com/Creative-Edge-Nut...ITX-63675/
Rules for shorting
NYSE: NYSE (rule 431 (c) 2) requires $2.50 in cash or margin for every stock below $2.50 per share sold short.
Quote:
(2) $2.50 per share or 100% of the current market value, whichever amount is greater, of each stock "short" in the account selling at less than $5.00 per share; plus
…
NASDAQ:
FINRA Rule 4210.
Quote:
(c) Maintenance Margin
The margin which must be maintained in all accounts of customers, except for cash accounts subject to other provisions of this Rule, shall be as follows:
(1) 25 percent of the current market value of all securities, except for security futures contracts, "long" in the account; plus
(2) $2.50 per share or 100 percent of the current market value, whichever amount is greater, of each stock "short" in the account selling at less than $5.00 per share; plus
(3) $5.00 per share or 30 percent of the current market value, whichever amount is greater, of each stock "short" in the account selling at $5.00 per share or above; plus
(4) 5 percent of the principal amount or 30 percent of the current market value, whichever amount is greater, of each bond "short" in the account.
(5) The minimum maintenance margin levels for security futures contracts, long and short, shall be 20 percent of the current market value of such contract. (See paragraph (f)(10) of this Rule for other provisions pertaining to security futures contracts.)
It may be common knowledge, but I was unaware. Thank you for the info. At the broker I use, for short sales it's 50% initial margin, 30% maintenance margin for stocks above $14.30. Any ticker between $5 and $14.30, it's $5 per share, + 30% maintenance, and they don't allow you to short any ticker under $5. IB is probably less restrictive due to them providing direct market access, where as most brokers try to fill orders from their inventory before going to the open market.
Shorties getting desperate. Short squeeze coming.
Those who waited will be rewarded. This company is for real and will soon be producing the best mj in the world.
I bet we can guess who sold those 1 million share blocks.
Just like clockwork.
Nicely stated! $FITX$
https://ibkb.interactivebrokers.com/article/285
I thought this was common knowledge. My B.
I wonder how many shares the CEO dumped today??
I bet he made bank on that little PR.
the shares I was referring to were pre arranged blocks of shares given to a MM to sell throughout the day. i.e shares coming from 144's coming off restriction or PIPES or promoters (like Hamdan) I wasn't referring to retail shares. double gasp!!!
And given it looks like they maxed out their A/S - what do they do now? Wait for the license BEFORE they raise it so everyone will be on a high and not get too mad??? How exactly do they plan to clear up that supposed typo? a typo that dates back to a number of the quarterlies? - all unaudited of course. which doesn't appear to be a typo at all.
