Man, that is a lot of shares. Really, with that kind of shareholder dilution, is there anything left to consider valuable? I mean, what will a share be worth when they file quarterly in the fall season? I'm not talking about what bag holders will consider the stock to be worth on the pink sheets. I'm talking about the book value.
Oh, nevermind. Nobody around here cares much. Everybody is waiting around for the license spike, and then plans to get out. I have to agree it will be all downhill from that point on. Once the real work begins, this company doesn't have the millions to sustain themselves for very long. It will be a reverse split, then the continuation of borrowing cash and pledging shares as payment. PIPE financiers will give the cash, take the shares which come with shorting rights granted therefore insuring they get their money back. They can't lose if the price goes up or down. Meanwhile, the company with no profits begins issuing another 2 billion shares to insiders at 0001 cents. In reality, I've seen this scenario repeat itself many times over the years. It's a perpetual pump and dump, and it takes is using PR's to lure, and relying on new suckers coming into the market every day. The only people who win are those who get a profit off spikes and then take it off the table. Longs get fleeced.
I agree, I liked when they went into gw's grow operation, looks like what I envision for fitx and the best part is gw's stock price is around 82.00. In due time..it may take a few years but we'll be right up there with them!!!
If you're relying on news stories to bump the pps, you're going to be disappointed. FITX will rocket very soon on its own merit. Don't be late to the party trying to play catch up once the pps starts to rise because it will happen very quickly.