Therein lies the problem, this will be drawn out for many months or years leaving FITX much further behind other companies that are already to the market and opens the door for others to pass FITX in getting a license. By the time they are up to bat the game will be well under way and more catch up. Also, they don't have much cash to afford lawyers etc. An absolute mess!
November 5th FITX put out a PR saying the Town Bi-Laws don't affect them and the stock promptly fell off over 50%. This dead cat bounce ends today.
Wow you really missed the point... It's not possible to know anything with respect to reasons for an insider sale, how did you not get that? Do you think there is a company out there with 0 insider sales? Insiders are also buying which is much more rare than selling ALL INSIDERS SELL SHARES. Shares have no value until what? When they're sold. I don't even own INSY right now, but am thinking of re-entering.
You didn't read FITX own PR? It clearly states they will need to re-inspect. Who do you think you are fooling? Honestly, I think you believe what you say and just haven't read the few pages of the report... Laziness is not your friend in the market and it makes you look like a fool to say they passed when FITX has reported two PRs that show they didn't...
Transparent with inspection? They didn't even say they were inspected until 5 weeks later, then left out the part where they didn't pass and in fact said everything was according to specs at first, which was wrong according to the next PR. Then they just released another PR that included the whole inspection which clearly stated they need a 2nd inspection which they left out in the 2nd PR. It's a constant battle of finding out weeks or even months after the fact. Blinders much?
Since April it has been a constant tale of 1 step forward 10 steps back. Might get another half step forward today before the 10 steps back starts up again..
It's like watching a train wreck it's awful yet hard to look away. I post a few times a week and try to wake people up, but this last hit was a game changer. It amazes me that some do not have the ability to cut and run no matter how bad the news gets. Wasn't totally Bill's fault on this particular issue, but still no less of a reason not to bail before it gets stuck in sub-pennies for years to come. Going to court means very long delays and license further delayed. HC never even came back for second inspection chalk it up to another red flag stacked to the ceiling..
The stock is falling on it's own merit not a message board with 12 people on it..
This goes to court and FITX collapses the wait has been half a year past Bill's first estimate of license, then he says end of September, then they said "soon" about a month ago. Now the whole game has changed and it could be years before this court stuff is over. GL
No warning? The warning will be when you get out of court and Health Canada comes back for re-inspection many many months down the road if ever. The old days of Bill said no warning BS are long gone now, look at the stock price reaction to the PR saying the ruling doesn't affect FITX... It collapsed over 50% after, the rebound is a dead cat bounce under .01 this week. Peace.
If not by the open, FITX is toast they better be writing something good. Shareholders didn't buy the recent PR.
Of course not, the town official said they can grow vegetables or any approved agriculture.
Try a new form of BS. Be Specific. Over 110 Million volume breaking through yet another support level and all you have to say is II don't have a clue? wow... Please, enlighten us.
Not just Senate all of Congress is RED. Also, sell the news also FITX market cap was insanely high, but approaching reasonable levels. Definitely don't sell if you already haven't but the people buying and buying and buying every little dip have to be getting a bit freaked out with the massive losses.