FITX Discussion 08/31/2014 11:25:35 $FITX
Then why were you posting that once they started growing marijauna fitx would be grandfathered in? Are you still in denial that there is a zoning issue? And seeing you know so much about hemp please let me know how much money the hemp company bill acquired is and was making.
again you don't understand the difference between a ban and zoning
When you say illegal that means a ban altogether, when you talk about zoning that means there is no ban and the town allows these businesses but regulates it with zoning business licenses etc.....
Now grandfathered doesn't apply to a ban. A ban is a ban. Grandfathering applies to zoning business licenses , any legislation set up to regulate the business. If the businesses exists and permits are pulled for the business before there is any new legislation set up then you are grandfathered... Why? Cause at this moment it's just like any other agricultural crop until the town makes up new rules.
FITX Stock Message Board http://investorshangout.com/Creative-Edge-Nut...ITX-63675/
THIS IS ONE BIG REASON I INVESTED_IN_MJ_STOCKS_AND_FITX: http://pro.stansberryresearch.com/1407PSTPOT5...20/?h=true
Then please inform me. How much money was hemp industries making prior to the acquisition? Is this some kind of a secret. Pinky stocks acquire and merge with worthless companies all the time. Why is it that this great opportunity was passed up by everyone else?
Ya. You are still denying that there is a zoning issue. Do you think if marijuana was made illegal in lakeshore that fitx would be grandfathered? What is really funny is you invested in this stock without knowing or wanting to know what you invested in. LOL
I believe they are not responding because it seems like you might need to read up more on the subject
And what is it with the hemp? How much money was or is Hemp industries making? No one responds when asked as no one knows. Wouldn't it be nice if the ceo informed the investor as to the balance sheet of this so called great acquisition? Has anyone bought this stock due to the hemp nonsense?
Not true at all
His posts are accurate and as it stands even with a license they cannot grow pot until lakeshore decides how to regulate. I know your holding shares but these are issues you should be aware of when making buying and selling decisions. Do not ignore the issues if thinking of going long as this stock is a bad long term investment,
In building 1 the permits are for a pole barn and the zoning is agricultural. HC considers MJ an agricultural entity so I don't think there is much that could be done to stop their progress for growing MJ. Building 2 is for research. I believe that FITX would have to do all the packaging in building 1 since that is the reason for the vault. The MJ is carefully tracked and securely housed until it is ready for shipment. I'm not sure of the zoning for the 2nd property. I think that is where the town is considering re-zoning to industrial. Not sure.
I like FITX and their properties. Time will tell.
Like DSCR
You can say it here. Billy lied. Many times. In print. On camera. In person. All to sell stock for way, way more than it was worth. He's a full-time pinky stock pitchman. When people do that, it goes way beyond "misleading." What that is is fraud. Might as well call it what it is.
Then why not invest on one of the thousands of hemp companies?
Canadian law might very well be different from American law but you are dealing with zoning regulations, not civil or criminal law. Building #1 was built with the intent on being a movie studio by Bills cousin, Jim Shaaban but he failed to obtain the necessary zoning amendment. He also included solar panels on building #1 as well and held a big press conference including now mayor Mr. Bain but that failed to fly. Building #2 is the 58,000 square foot building built at a cost of $800,000.00 and the fence at $100,000.00 not the $16 Million mentioned in the Forbes article. Building #2 was built under the pretense of Agricultural Storage on the permit. I pulled those permits to see for myself what they said. The Town of Lakeshore does not need to put the brakes on building #1 whatever that means. It is already built.
The town had not received any official notification, as is required under MMPR until just prior to a town meeting (it was mentioned in that meeting) but do not assume the town has any responsibility just because someone jumped the gun and went on public record as stating all municipal approvals have been granted when that clearly was not the case. Some may view that as a company trying to force the towns hand by laying out infrastructure at cost to make the town give in and grant the necessary amendments. There is a difference between reading about a company intent in the media as opposed to having been advised officially by way of application. The company did make that announcement BUT never informed the town of the size or scope of the operation until they began reading about it in the media. The town can still turn down the zoning amendment application without threat of lawsuit. They have done so three times for that same piece of land and turned down Bills cousin who installed solar panels and supposedly had movie production deals lined up. He did not sue when the amendment was turned down. That is why towns have those powers, to ensure activities do not have a disruptive impact. There is no threat of lawsuit at all. Canada is not America. They even have no fault drivers insurance.
There is a lot open for interpretation. In my town we can make laws, etc. but they don't override state or federal laws. That is why businesses that open a dispensary in the US are open to prosecution by the Federal government. This is a new area and very sticky. This is why big companies are not jumping in to markets that have made pot legal in the us. Lakeshore knows it will be sued if they try to put the brakes on building 1. They knew that FITX put up the building with the intent of growing MJ. They had all the plans for the fence, security system, etc.
This is similar to what happen to Rich Harris who has the show Pawn stars. He won the Vegas lottery to get a pawn license and when he went to get the license they tried to change the law at the last minute and after he won the lottery. He sued and won. The story is that officials were looking for a kick back and he wasn't paying so they weren't going to give him the license. Not saying the town is looking for payola but they can't change the rules in the 9th inning without putting themselves in jeopardy.
They definitely want to and need to otherwise these businesses can just pop up without any regulations
This happens everywhere. In the US once a state legalizes mmj entrepreneurs obtain regular retail business licenses and open up.
Then after a bunch of these businesses are already open and operating the town usually realizes oh man we gotta do something about these places and develop some rules regulation and zoning requirements.
The town passes laws , existing businesses are grandfathered and the new ones have to abide by the towns new rules. These new rules can be zoning requirements mmj business license etc
I'm long and have heard all the meetings. I believe the town wants to create laws for medical MJ facilities. However, HC deems MJ as agricultural and I believe this ties the hands of the town for building 1. However, on building 2 that is a production and research facility. I'm not sure if the new laws would effect that operation. However, if you do a Google map search of the address for both sites you will see that it's pretty wide open area with only a few farms scattered about. It's not like they are putting the facility on main street.
Can you please let Mr. Foran and Mr. Bain, the mayor know. I am sure they would appreciate knowing they do not have a clue as town officials. They might even name a street after you.
Then why were you posting that once they started growing marijauna fitx would be grandfathered in? Are you still in denial that there is a zoning issue? And seeing you know so much about hemp please let me know how much money the hemp company bill acquired is and was making.
again you don't understand the difference between a ban and zoning
When you say illegal that means a ban altogether, when you talk about zoning that means there is no ban and the town allows these businesses but regulates it with zoning business licenses etc.....
Now grandfathered doesn't apply to a ban. A ban is a ban. Grandfathering applies to zoning business licenses , any legislation set up to regulate the business. If the businesses exists and permits are pulled for the business before there is any new legislation set up then you are grandfathered... Why? Cause at this moment it's just like any other agricultural crop until the town makes up new rules.
FITX Stock Message Board http://investorshangout.com/Creative-Edge-Nut...ITX-63675/
THIS IS ONE BIG REASON I INVESTED_IN_MJ_STOCKS_AND_FITX: http://pro.stansberryresearch.com/1407PSTPOT5...20/?h=true
Then please inform me. How much money was hemp industries making prior to the acquisition? Is this some kind of a secret. Pinky stocks acquire and merge with worthless companies all the time. Why is it that this great opportunity was passed up by everyone else?
Ya. You are still denying that there is a zoning issue. Do you think if marijuana was made illegal in lakeshore that fitx would be grandfathered? What is really funny is you invested in this stock without knowing or wanting to know what you invested in. LOL
I believe they are not responding because it seems like you might need to read up more on the subject
And what is it with the hemp? How much money was or is Hemp industries making? No one responds when asked as no one knows. Wouldn't it be nice if the ceo informed the investor as to the balance sheet of this so called great acquisition? Has anyone bought this stock due to the hemp nonsense?
Not true at all
His posts are accurate and as it stands even with a license they cannot grow pot until lakeshore decides how to regulate. I know your holding shares but these are issues you should be aware of when making buying and selling decisions. Do not ignore the issues if thinking of going long as this stock is a bad long term investment,
In building 1 the permits are for a pole barn and the zoning is agricultural. HC considers MJ an agricultural entity so I don't think there is much that could be done to stop their progress for growing MJ. Building 2 is for research. I believe that FITX would have to do all the packaging in building 1 since that is the reason for the vault. The MJ is carefully tracked and securely housed until it is ready for shipment. I'm not sure of the zoning for the 2nd property. I think that is where the town is considering re-zoning to industrial. Not sure.
I like FITX and their properties. Time will tell.
Like DSCR
You can say it here. Billy lied. Many times. In print. On camera. In person. All to sell stock for way, way more than it was worth. He's a full-time pinky stock pitchman. When people do that, it goes way beyond "misleading." What that is is fraud. Might as well call it what it is.
Then why not invest on one of the thousands of hemp companies?
Canadian law might very well be different from American law but you are dealing with zoning regulations, not civil or criminal law. Building #1 was built with the intent on being a movie studio by Bills cousin, Jim Shaaban but he failed to obtain the necessary zoning amendment. He also included solar panels on building #1 as well and held a big press conference including now mayor Mr. Bain but that failed to fly. Building #2 is the 58,000 square foot building built at a cost of $800,000.00 and the fence at $100,000.00 not the $16 Million mentioned in the Forbes article. Building #2 was built under the pretense of Agricultural Storage on the permit. I pulled those permits to see for myself what they said. The Town of Lakeshore does not need to put the brakes on building #1 whatever that means. It is already built.
The town had not received any official notification, as is required under MMPR until just prior to a town meeting (it was mentioned in that meeting) but do not assume the town has any responsibility just because someone jumped the gun and went on public record as stating all municipal approvals have been granted when that clearly was not the case. Some may view that as a company trying to force the towns hand by laying out infrastructure at cost to make the town give in and grant the necessary amendments. There is a difference between reading about a company intent in the media as opposed to having been advised officially by way of application. The company did make that announcement BUT never informed the town of the size or scope of the operation until they began reading about it in the media. The town can still turn down the zoning amendment application without threat of lawsuit. They have done so three times for that same piece of land and turned down Bills cousin who installed solar panels and supposedly had movie production deals lined up. He did not sue when the amendment was turned down. That is why towns have those powers, to ensure activities do not have a disruptive impact. There is no threat of lawsuit at all. Canada is not America. They even have no fault drivers insurance.
There is a lot open for interpretation. In my town we can make laws, etc. but they don't override state or federal laws. That is why businesses that open a dispensary in the US are open to prosecution by the Federal government. This is a new area and very sticky. This is why big companies are not jumping in to markets that have made pot legal in the us. Lakeshore knows it will be sued if they try to put the brakes on building 1. They knew that FITX put up the building with the intent of growing MJ. They had all the plans for the fence, security system, etc.
This is similar to what happen to Rich Harris who has the show Pawn stars. He won the Vegas lottery to get a pawn license and when he went to get the license they tried to change the law at the last minute and after he won the lottery. He sued and won. The story is that officials were looking for a kick back and he wasn't paying so they weren't going to give him the license. Not saying the town is looking for payola but they can't change the rules in the 9th inning without putting themselves in jeopardy.
They definitely want to and need to otherwise these businesses can just pop up without any regulations
This happens everywhere. In the US once a state legalizes mmj entrepreneurs obtain regular retail business licenses and open up.
Then after a bunch of these businesses are already open and operating the town usually realizes oh man we gotta do something about these places and develop some rules regulation and zoning requirements.
The town passes laws , existing businesses are grandfathered and the new ones have to abide by the towns new rules. These new rules can be zoning requirements mmj business license etc
I'm long and have heard all the meetings. I believe the town wants to create laws for medical MJ facilities. However, HC deems MJ as agricultural and I believe this ties the hands of the town for building 1. However, on building 2 that is a production and research facility. I'm not sure if the new laws would effect that operation. However, if you do a Google map search of the address for both sites you will see that it's pretty wide open area with only a few farms scattered about. It's not like they are putting the facility on main street.
Can you please let Mr. Foran and Mr. Bain, the mayor know. I am sure they would appreciate knowing they do not have a clue as town officials. They might even name a street after you.
