I have been right with my TA and with my predictio
Post# of 56324
Posted On: 11/06/2014 2:37:42 PM
I have been right with my TA and with my predictions on where this was going. Not tooting my horn here but stating my personal opinions as follows:
I have not sold a single share and will not sell any shares - 5 year plan and am setting 90 day GTC Buy Limit orders at .0075. If they expire prior to being filled then I will reset them.
This is panic selling. Lakeshore has overstepped and the matter will need to be resolved in court. This takes time so many will not have the patience to ride this out. PPS will drop to sub penny and once this has been resolved there will be very heavy buying.
A couple of personal notes here. Did BC know this was a likely outcome...I don't see any possible way that as an attorney licensed in the US and in Canada, not to mention his access to council, that he could not have known the probability of this situation occurrence.
So we (shareholders) will need to watch carefully to see what his next move is as it will speak volumes on both his initial intentions as well as on his future expectations. In other words, does he walk away or does he fight this through to the end. Right now....IMO, I think at sub penny we will see heavy buying with possible retire of shares and a legal fight in court that will favor FITX. That's only my opinion and if correct would be a huge double win under the circumstances for shareholders acquiring at sub penny and for the company.
For those who panic sell.........use your own judgement but I know my plan is long term.
I have not sold a single share and will not sell any shares - 5 year plan and am setting 90 day GTC Buy Limit orders at .0075. If they expire prior to being filled then I will reset them.
This is panic selling. Lakeshore has overstepped and the matter will need to be resolved in court. This takes time so many will not have the patience to ride this out. PPS will drop to sub penny and once this has been resolved there will be very heavy buying.
A couple of personal notes here. Did BC know this was a likely outcome...I don't see any possible way that as an attorney licensed in the US and in Canada, not to mention his access to council, that he could not have known the probability of this situation occurrence.
So we (shareholders) will need to watch carefully to see what his next move is as it will speak volumes on both his initial intentions as well as on his future expectations. In other words, does he walk away or does he fight this through to the end. Right now....IMO, I think at sub penny we will see heavy buying with possible retire of shares and a legal fight in court that will favor FITX. That's only my opinion and if correct would be a huge double win under the circumstances for shareholders acquiring at sub penny and for the company.
For those who panic sell.........use your own judgement but I know my plan is long term.
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