The reason they waited so long is they didn't want too much time between hype of inspection and date of license. License news could cause a price decline when people see the actual amount HC usually allows starting out is 10% or less of capacity and it will be several months before that begins most likely. The process is very slow, this move is setting up for a nice trade, but very unlikely to have follow through.
FITX has too many shares to be priced near Tweed and the others. FITX has 100 x shares outstanding as Tweed so thy actually would have to fall to .02 to be the same market cap as Tweed and they are growing in the largest greenhouse in the world at 350,000 square feet according to the NY Times.
Disclosing company info Ina timely manner is spoon feeding? Bill has many of you by the short and curlys and you don't even know it...
How would you not know they grow their own? Bill said he would be selling some strains for $30 a gram while Canadians are complaining about paying $8. He is far disconnected from this industry that is one example of dozens.
That would collapse the share price. Sometimes being quiet rather than speaking is the prudent thing to do so you don't let people know how little you know about what you are saying... Adding shares dilutes share price and is terrible for the shareholders.. Your post definitely shows the average intelligence of a FITX investor.
FITX has almost exactly 100 x the amount of shares outstanding as Tweed. Not that FITX longs even know what that means...
LOL I check in there every once in a while. They are hard core FITX bashers now, but I got booted for calling FITX a sell over .09 just a couple weeks before the crash to .04... The group is mainly a bunch of pumping maniacs who care more about bashing posters than discussing stocks up or down and why.. It's quite sad.
Except in this case 13 other companies are already producing the cars and this company is still waiting approval to begin production. In that context, the analogy sort of makes sense.
Down? This is well over a $200 million dollar stock and has extremely limited revenue when not counting sale of assets and selling off portions of the company, that is not a sustainable business model and does no favors to current shareholders.
His Facebook posts of pictures with people move the stock up half a cent and with his millions of shares it's a lot and he's sold a couple several million dollar blocks in last few months oddly right before his prediction of the license due out next week. If it doesn't happen then it gets ugly real quick this is the 2nd time he's predicted a license date the first didn't pan out.
I've noticed Facebook posts move the stock more than the PRs which usually have had red days when they are put out. This has been true for over a month and in fact the last big move FITX had when it moved to .11 it was after Facebook posts of him at the NYSE with a thumb's up and speculators all over Facebook were saying an uplisting is imminent, the stock moved from down near 10% to up 20 in the few hours following his post. That was the precise moment I turned on FITX and started to view it as a P&D, it worked out well selling near .10 was an excellent move as it fell to .04 in the weeks following the pump of FB pictures.
Bill said they would not put out company info on Facebook without a substantiating PR. He has broken that word and restated it several times. It's absurd people don't take this as a serious red flag when the CEO can't follow his own words, restates them, then breaks them again...
Watch? It's going public it's a chance to buy another company that actually is growing a product. Seems many here choose a company built on hopes and dreams rather than tangible product very odd if you ask me especially considering FITX market cap is higher than companies already licensed and growing. Nothing good can come of that situation.
Still waiting for a response.. 10% of 350k is 35,000 at new facility.. What is on the contrary? You need to edit your article to reflect reality.
They called them for inspection about 2 months ago it was put out in a PR and the stock reacted nicely for a few days then as the weeks turned to months it has been in a downward path and will remain that way until something changes most likely some time next year, by then FITX will be nearing .02 or lower IMO.