My email.
To Whom it May Concern:
I am writing as a concerned shareholder of CEN Biotech/ FITX. Many of us shareholders believe there is a concerted media attack against the company and it's stock FITX. I am aware that there have already been emails about the issues with Lakeshore, the attack pieces from the Globe and Mail, Windsor Star, etc. So, to avoid repetition, I am going to focus this email on a different matter.
There are three major stock message boards that have a page dedicated to FITX. The three are: Yahoo, iHub, and Investor's Hangout. On Yahoo and iHub, free-rein bashing is allowed on our company. When I say "bashing," I am not merely talking about disagreement with the company or concern about the direction the management is taking it. I am talking about truly concerning, possibly illegal activity.
First of all, these boards seem to be used to manipulate the price per share of the stock by people outside of the company. For awhile, investors may be able to have good discussions about our stock on the boards. Then, suddenly, a swarm of screen names appear, and the topics are: "This company is a scam!" "Pump and dump," "You people are stupid to keep this stock," "Bill Chaaban is going to jail," and on and on. This is very discouraging to us, if not for the presence of the actual share holders during a bash cycle, the only things the public would see on these boards would be negative. We should not have to defend our investment on a board designed for stock holders. Some of these bashers are "professional" bashers. They post 24 hours a day, round the clock in shifts, and in my opinion are being paid for their services.
After the share prices have dropped, all of a sudden the bashers quiet down, and then a whole bunch of new screen names that we don't recognize pop up screaming that FITX is the greatest stock EVER! "It's going to $1 in the next two weeks!" "Bill Chaaban is AWESOME!" "Buy! Buy! Buy!" Even though we shareholders like to hear things like that, we know true "pumpers" when we see them! It's very disconcerting. Then after the pps has come up a couple of cents, just as suddenly, the pps plummets. because the bashers come back. Obviously the bashers help bring the stock down so it may be bought at the lowest possible price, then pumped back up so it can be sold at a profit, then rinse and repeat.The last time this cycle occurred was just before an article from the Globe and Mail was released, (Feb 13) and the timing of this seems very suspicious to me. It had almost doubled in two days, then lost 3/4 of it's value on the next trading day. t's truly maddening, because us REAL shareholders are helpless to stop the cycle!
If that's not bad enough, some of the tactics the bashers use on the boards are reprehensible. There have been posts that are obscene, posts that are racist, and some that have been downright threatening. Some bashers have gone as far to find the name, address, and family information of some of our shareholders, and regularly post this info, along with assorted obscenities. These types of issues are becoming safety concerns for us shareholders.
I feel the company management is honest and I have never felt misled. I never invested in this to become wealthy overnight. Anybody who invests in a REAL company expecting to become an instant millionaire is sure to be disappointed. There are no guarantees in the markets. But, just because a company has difficulties does NOT make it a bad investment, even more especially when there seems to be a multi-source attack on it. This may be a "Pink Sheet" penny stock, but the volatility of the share prices have nothing to do with the company management, and everything to do with outside influences.
Thank you for your time.
To Whom it May Concern:
I am writing as a concerned shareholder of CEN Biotech/ FITX. Many of us shareholders believe there is a concerted media attack against the company and it's stock FITX. I am aware that there have already been emails about the issues with Lakeshore, the attack pieces from the Globe and Mail, Windsor Star, etc. So, to avoid repetition, I am going to focus this email on a different matter.
There are three major stock message boards that have a page dedicated to FITX. The three are: Yahoo, iHub, and Investor's Hangout. On Yahoo and iHub, free-rein bashing is allowed on our company. When I say "bashing," I am not merely talking about disagreement with the company or concern about the direction the management is taking it. I am talking about truly concerning, possibly illegal activity.
First of all, these boards seem to be used to manipulate the price per share of the stock by people outside of the company. For awhile, investors may be able to have good discussions about our stock on the boards. Then, suddenly, a swarm of screen names appear, and the topics are: "This company is a scam!" "Pump and dump," "You people are stupid to keep this stock," "Bill Chaaban is going to jail," and on and on. This is very discouraging to us, if not for the presence of the actual share holders during a bash cycle, the only things the public would see on these boards would be negative. We should not have to defend our investment on a board designed for stock holders. Some of these bashers are "professional" bashers. They post 24 hours a day, round the clock in shifts, and in my opinion are being paid for their services.
After the share prices have dropped, all of a sudden the bashers quiet down, and then a whole bunch of new screen names that we don't recognize pop up screaming that FITX is the greatest stock EVER! "It's going to $1 in the next two weeks!" "Bill Chaaban is AWESOME!" "Buy! Buy! Buy!" Even though we shareholders like to hear things like that, we know true "pumpers" when we see them! It's very disconcerting. Then after the pps has come up a couple of cents, just as suddenly, the pps plummets. because the bashers come back. Obviously the bashers help bring the stock down so it may be bought at the lowest possible price, then pumped back up so it can be sold at a profit, then rinse and repeat.The last time this cycle occurred was just before an article from the Globe and Mail was released, (Feb 13) and the timing of this seems very suspicious to me. It had almost doubled in two days, then lost 3/4 of it's value on the next trading day. t's truly maddening, because us REAL shareholders are helpless to stop the cycle!
If that's not bad enough, some of the tactics the bashers use on the boards are reprehensible. There have been posts that are obscene, posts that are racist, and some that have been downright threatening. Some bashers have gone as far to find the name, address, and family information of some of our shareholders, and regularly post this info, along with assorted obscenities. These types of issues are becoming safety concerns for us shareholders.
I feel the company management is honest and I have never felt misled. I never invested in this to become wealthy overnight. Anybody who invests in a REAL company expecting to become an instant millionaire is sure to be disappointed. There are no guarantees in the markets. But, just because a company has difficulties does NOT make it a bad investment, even more especially when there seems to be a multi-source attack on it. This may be a "Pink Sheet" penny stock, but the volatility of the share prices have nothing to do with the company management, and everything to do with outside influences.
Thank you for your time.
