FITX Company info 08/31/2014 22:23:50 $FITX
You mean all 2 people that showed up at the council meeting to voice concerns.
Labor day brings new meaning for those who work 24/7 on here LOL. Your lives must be miserable.
FITX Stock Message Board http://investorshangout.com/Creative-Edge-Nut...ITX-63675/
Dear Bill ( aka Japple
Lakeshore here - can we get that open house scheduled as soon as possible? When the concerns of neighbors are addressed, we can put rezoning back on the docket and trust me, we're ready. Let us know when you plan to conduct this open house so we can put the amendment back on the calendar for a vote. Bill - let me know that you received this important message. Thanks.
I think you're looking at it. No news, no license
Where is the license news? WTF
License yet?
The worlds largest grow keeps shrinking.
Because I do not think they can make a 34% profit. Bills initial projections were bs. They will be lucky to make 25%. Which is a solid profit.
Please provide a verifiable link or post
You did quote it in your post
As I said, please contact Mr. Foran regarding the de facto ban on medical mj growing. It was his statement, not mine.
down down down she goes.
end of the month and no license.
looks like FITX is about to see the end of it's days.
they will never plant the first seed
They will def make money selling weed, I don't know how u can say otherwise
By "Billy standards", I'm in the automotive, real-estate, computer, mobile, personal defense, aeronautics, bio-engineering, space exploration and entertainment sectors.
If that were true it would be great. Hemp technologies revenue was estimated between 100,000 to 500,000. Not much there. I am sure they were and are losing money.
25 million in insurance premium amounts to about 3.75 million in commission. the 25 million premium is a high estimate.
That stem cell thing will never make a dime.
They are not making any money on vitamins.
Giving up 25% of the core business revenues means fitx will have to make 34% profit to break even.
I do not see this company ever making money,
Great stock to flip as any news or hype runs the price up.
One thing is for sure FITX is in several awesome sectors, Medical Marijuana, Hemp for green building products, CBD extraction for medical research and insurance to MJ facilities.
Any one of these sectors could hit a homerun and create 100's of millions in revenue. In total the potential is in the billions. That said this is a speculative play. The float is a negative. The company had/has low revenue and was giving stock away to pay for everything. The stock is worth more now but to increase the float would be suicide. CEN has not tapped all the equity sold for the MJ side of the business so maybe we can recoup some of that. I think Bill is keeping this in his top pocket.
The bottom line is that this company needs to continue to execute. I would say that stock holders have about 6 to 8 months of patience before they start running. This is a speculative play and I think we will do well. Time will tell. I decided not to have a Starbucks and bought a 100 shares. Hope it pays off. The chart also looks promising.
I totally agree with your post. I think the town of Lakeshore will accomodate FITX. Question is when?
More about grandfathering
Sometimes a new city ordinance or building code change will immediately cause hundreds of older buildings to be in violation. Rather than penalize the buildings' owners, the government will insert a grandfather clause into the language of the new regulation. A grandfather clause is an exemption which allows current businesses or property owners to continue operating under the previous laws. A historic restaurant may be exempt from modern sprinkler laws, for example, because the retrofitting would be too expensive or difficult. A new restaurant built next door, however, would be required to meet the current fire safety codes.
A grandfather clause may also extend to private home ownership and zoning. If a new zoning regulation called for 10 feet of clearance on all sides, it would not be practical to physically move all of the current homes built before the zoning change. A grandfather clause would allow exemptions to homes built before the zoning change went into effect. It is important to note, however, that not all contingencies are automatically covered by a grandfather clause. Some changes require everyone affected by the law to take action, regardless of the age or condition of their home.
Anything is possible but we need to look at what is the most likely scenario. Lakeshore has several residents who are in opposition of what FITX want to do for various reasons. Therefore, the council needs to have a deep understanding of the operation that is ensuing to answer resident questions and to help with future laws. They seem reasonable and I haven't heard of anything in any of the meetings that would lead me to believe that they want to stop FITX. I believe the likely scenario is that FITX gets their license and begins growing. If you do a sat view of the area you'll see that there are a few farms around but there is lots of distance between the FITX facilities and their neighbors. Personally I think they should have just leased an abandoned building like TWEED in an industrial area. It would have solved lots of problems and they could have just retrofitted the building. I also believe all the hype about 6k jobs and 1.3 million lbs. of pot being grown was not a good strategy. Low key and humble doesn't scare anyone.
You mean all 2 people that showed up at the council meeting to voice concerns.
Labor day brings new meaning for those who work 24/7 on here LOL. Your lives must be miserable.
FITX Stock Message Board http://investorshangout.com/Creative-Edge-Nut...ITX-63675/
Dear Bill ( aka Japple
Lakeshore here - can we get that open house scheduled as soon as possible? When the concerns of neighbors are addressed, we can put rezoning back on the docket and trust me, we're ready. Let us know when you plan to conduct this open house so we can put the amendment back on the calendar for a vote. Bill - let me know that you received this important message. Thanks.
I think you're looking at it. No news, no license
Where is the license news? WTF
License yet?
The worlds largest grow keeps shrinking.
Because I do not think they can make a 34% profit. Bills initial projections were bs. They will be lucky to make 25%. Which is a solid profit.
Please provide a verifiable link or post
You did quote it in your post
As I said, please contact Mr. Foran regarding the de facto ban on medical mj growing. It was his statement, not mine.
down down down she goes.
end of the month and no license.
looks like FITX is about to see the end of it's days.
they will never plant the first seed
They will def make money selling weed, I don't know how u can say otherwise
By "Billy standards", I'm in the automotive, real-estate, computer, mobile, personal defense, aeronautics, bio-engineering, space exploration and entertainment sectors.
If that were true it would be great. Hemp technologies revenue was estimated between 100,000 to 500,000. Not much there. I am sure they were and are losing money.
25 million in insurance premium amounts to about 3.75 million in commission. the 25 million premium is a high estimate.
That stem cell thing will never make a dime.
They are not making any money on vitamins.
Giving up 25% of the core business revenues means fitx will have to make 34% profit to break even.
I do not see this company ever making money,
Great stock to flip as any news or hype runs the price up.
One thing is for sure FITX is in several awesome sectors, Medical Marijuana, Hemp for green building products, CBD extraction for medical research and insurance to MJ facilities.
Any one of these sectors could hit a homerun and create 100's of millions in revenue. In total the potential is in the billions. That said this is a speculative play. The float is a negative. The company had/has low revenue and was giving stock away to pay for everything. The stock is worth more now but to increase the float would be suicide. CEN has not tapped all the equity sold for the MJ side of the business so maybe we can recoup some of that. I think Bill is keeping this in his top pocket.
The bottom line is that this company needs to continue to execute. I would say that stock holders have about 6 to 8 months of patience before they start running. This is a speculative play and I think we will do well. Time will tell. I decided not to have a Starbucks and bought a 100 shares. Hope it pays off. The chart also looks promising.
I totally agree with your post. I think the town of Lakeshore will accomodate FITX. Question is when?
More about grandfathering
Sometimes a new city ordinance or building code change will immediately cause hundreds of older buildings to be in violation. Rather than penalize the buildings' owners, the government will insert a grandfather clause into the language of the new regulation. A grandfather clause is an exemption which allows current businesses or property owners to continue operating under the previous laws. A historic restaurant may be exempt from modern sprinkler laws, for example, because the retrofitting would be too expensive or difficult. A new restaurant built next door, however, would be required to meet the current fire safety codes.
A grandfather clause may also extend to private home ownership and zoning. If a new zoning regulation called for 10 feet of clearance on all sides, it would not be practical to physically move all of the current homes built before the zoning change. A grandfather clause would allow exemptions to homes built before the zoning change went into effect. It is important to note, however, that not all contingencies are automatically covered by a grandfather clause. Some changes require everyone affected by the law to take action, regardless of the age or condition of their home.
Anything is possible but we need to look at what is the most likely scenario. Lakeshore has several residents who are in opposition of what FITX want to do for various reasons. Therefore, the council needs to have a deep understanding of the operation that is ensuing to answer resident questions and to help with future laws. They seem reasonable and I haven't heard of anything in any of the meetings that would lead me to believe that they want to stop FITX. I believe the likely scenario is that FITX gets their license and begins growing. If you do a sat view of the area you'll see that there are a few farms around but there is lots of distance between the FITX facilities and their neighbors. Personally I think they should have just leased an abandoned building like TWEED in an industrial area. It would have solved lots of problems and they could have just retrofitted the building. I also believe all the hype about 6k jobs and 1.3 million lbs. of pot being grown was not a good strategy. Low key and humble doesn't scare anyone.
