This is gonna be very very annoying and feel like you're reading from a serial village idiot that is Chris Parry, but it is worth a good laugh. Don't click on his article he gets paid by the click throughs. I would even suggest not to comment because he's a low life loser and thrives on riling us up with his ignorance, spewing hatred and bigotry. This pains me more than you know, but here is the POS Parry's latest SA used toilet paper:
Post # of 150618
Chris Parry , from Las Vegas, the scene of the Marijuana Business Expo.
Regular readers are not strangers to the CEN story, in that I’ve been brutalising the company for much of the year, largely based on their CEO’s tendency to threaten and ‘out’ critics, his tendency to make wild promises he can’t back up (‘largest weed facility’ in the world by four months ago, ‘license in a few weeks’ four months ago, ‘city loves us’ while city is telling them to quit saying that and delaying their approval, CEO cashing out millions of shares while telling holders to stay long, CEO running out of shares to give out and creating a new company to own the facility that long holders think they’re investing in)...
A few weeks back, before a city meeting was shut down after a CEN rep rose from his seat and aggressively strode up to a local critic in a threatening manner, the company announced it had taken on the “#1 law firm in the country”… that country being the Ukraine.
You know, the place Russia is about to turn into its backyard gazebo?
All of a sudden, CEO Bill Chabaan started sending pictures of himself standing next to random Ukrainians out to his Facebook page. Then he started sending out pictures of himself next to Tanzanian officials because… cheap airfares from Donetsk?
FITX stock has dropped harshly in the time since. It had hit $0.11 early in the year, after the ‘biggest in the world’ claims emerged and became fuel for late night TV host monologues.
When I started covering the discrepancies between its promise and the actual facts behind the company, it slumped to $0.07. This past week, it dropped below $0.02.
The CEO is still ‘traveling’, which I’m prepared to suggest is actually ‘hiding.’ When your primary facility is facing ruin and the town you’re hoping will approve it is turning against you, what the unbelievable hell is your CEO doing anywhere but the mayor’s office?
Sure, I might get a defamation letter from the #1 law firm in the Ukraine for saying so, but it’s my personal belief, and Chabaan is welcome to call me any time to correct me (as long as he’s paying the long distance charges), that the company is done and he’s hiding somewhere SEC-proof while he sells off whatever paper he can.
True believers are still banging the drum, even with the share price having cratered. I used to feel bad for the long holders who had fallen for the hype, but that’s increasingly difficult to do right now. Instead, now they’re just being dumb.
Look, maybe CEN can actually get its license one day, or maybe it’ll set up shop in Tanzania and export the stuff somewhere. I dunno, but what I do know is the chances of either of those things happening are no better than the chances a Wildflower or Chlormet or Matica or Invesco or Vodis or GeoNovus or Umbral will get its MMPR – and those companies are all valued at under $10m a piece, while FITX, with all of its legacy problems and high likelihood of collapse and/or CEO absconding, is valued at $110m at present market cap.
That. Is. Insane.
By all means, bounce on it once in a while. But don’t marry it. CEN is not a girl you take home to mama.
Read more at http://www.stockhouse.com/news/newswire/2014/...q6jkXPE.99
Post # of 150618
Chris Parry , from Las Vegas, the scene of the Marijuana Business Expo.
Regular readers are not strangers to the CEN story, in that I’ve been brutalising the company for much of the year, largely based on their CEO’s tendency to threaten and ‘out’ critics, his tendency to make wild promises he can’t back up (‘largest weed facility’ in the world by four months ago, ‘license in a few weeks’ four months ago, ‘city loves us’ while city is telling them to quit saying that and delaying their approval, CEO cashing out millions of shares while telling holders to stay long, CEO running out of shares to give out and creating a new company to own the facility that long holders think they’re investing in)...
A few weeks back, before a city meeting was shut down after a CEN rep rose from his seat and aggressively strode up to a local critic in a threatening manner, the company announced it had taken on the “#1 law firm in the country”… that country being the Ukraine.
You know, the place Russia is about to turn into its backyard gazebo?
All of a sudden, CEO Bill Chabaan started sending pictures of himself standing next to random Ukrainians out to his Facebook page. Then he started sending out pictures of himself next to Tanzanian officials because… cheap airfares from Donetsk?
FITX stock has dropped harshly in the time since. It had hit $0.11 early in the year, after the ‘biggest in the world’ claims emerged and became fuel for late night TV host monologues.
When I started covering the discrepancies between its promise and the actual facts behind the company, it slumped to $0.07. This past week, it dropped below $0.02.
The CEO is still ‘traveling’, which I’m prepared to suggest is actually ‘hiding.’ When your primary facility is facing ruin and the town you’re hoping will approve it is turning against you, what the unbelievable hell is your CEO doing anywhere but the mayor’s office?
Sure, I might get a defamation letter from the #1 law firm in the Ukraine for saying so, but it’s my personal belief, and Chabaan is welcome to call me any time to correct me (as long as he’s paying the long distance charges), that the company is done and he’s hiding somewhere SEC-proof while he sells off whatever paper he can.
True believers are still banging the drum, even with the share price having cratered. I used to feel bad for the long holders who had fallen for the hype, but that’s increasingly difficult to do right now. Instead, now they’re just being dumb.
Look, maybe CEN can actually get its license one day, or maybe it’ll set up shop in Tanzania and export the stuff somewhere. I dunno, but what I do know is the chances of either of those things happening are no better than the chances a Wildflower or Chlormet or Matica or Invesco or Vodis or GeoNovus or Umbral will get its MMPR – and those companies are all valued at under $10m a piece, while FITX, with all of its legacy problems and high likelihood of collapse and/or CEO absconding, is valued at $110m at present market cap.
That. Is. Insane.
By all means, bounce on it once in a while. But don’t marry it. CEN is not a girl you take home to mama.
Read more at http://www.stockhouse.com/news/newswire/2014/...q6jkXPE.99
