This is where I get confused... We all know the
Post# of 56324
Posted On: 11/20/2014 10:40:43 AM
This is where I get confused...
We all know there are waaaaaaay to many shares, we know from earlier n the year Bill wanted to address it with no reverse split, with careful engineering FITX will not reverse split. BUT!!! everybody here invested in MMJ, so FITX will go sub penny, nobody cares about supplements, Bill and BOD knows it.
So with my thinking, the share count will be reduced (guess) lets say 75% compared to the old company that was FITX. If we all got the equal NUMBER of shares, that negates the dilution problem. And someone mentioned earlier (brilliantly) FITX owns the building, so by having a new company, FITX can file bankruptcy, the building is left there, we start again elsewhere with no baggage from FITX. The town residents get stuck with a building thats unused, and no jobs. Unless the Hemp division goes into FITX and we grow HEMP there, as that i sin the towns eyes....legal. But the bankruptcy route seems more logical.
Possibly why (and it does annoy me) insiders were selling shares. We will get the same "percentage" of shares. so say I have 50,000 shares, I would own 0.005ish% of FITX with the insane dilution, new company, I would have say 500 shares now....so retirement money vs. I just paid the Christmas bill off thanks to CEN Biotech! That's what annoys me, my share count will drop beyond substantially. That and we do not know the "percentage" yet, also that insiders had sold their shares slowly over time.
We need $1.00 to hit Nasdaq, so I see us going for that and the uplist, or hopefully just off pinks to OTCBB.
We all know there are waaaaaaay to many shares, we know from earlier n the year Bill wanted to address it with no reverse split, with careful engineering FITX will not reverse split. BUT!!! everybody here invested in MMJ, so FITX will go sub penny, nobody cares about supplements, Bill and BOD knows it.
So with my thinking, the share count will be reduced (guess) lets say 75% compared to the old company that was FITX. If we all got the equal NUMBER of shares, that negates the dilution problem. And someone mentioned earlier (brilliantly) FITX owns the building, so by having a new company, FITX can file bankruptcy, the building is left there, we start again elsewhere with no baggage from FITX. The town residents get stuck with a building thats unused, and no jobs. Unless the Hemp division goes into FITX and we grow HEMP there, as that i sin the towns eyes....legal. But the bankruptcy route seems more logical.
Possibly why (and it does annoy me) insiders were selling shares. We will get the same "percentage" of shares. so say I have 50,000 shares, I would own 0.005ish% of FITX with the insane dilution, new company, I would have say 500 shares now....so retirement money vs. I just paid the Christmas bill off thanks to CEN Biotech! That's what annoys me, my share count will drop beyond substantially. That and we do not know the "percentage" yet, also that insiders had sold their shares slowly over time.
We need $1.00 to hit Nasdaq, so I see us going for that and the uplist, or hopefully just off pinks to OTCBB.
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