A price decline means demand to sell outweighs demand to buy. Without a license, demand to sell will increase and demand to buy will decrease as it has for 7 months April was the 1st month a license was "expected" then it was by end of August, then a couple weeks ago it was expected "soon".. Only so much BS investors can take before they give up on the expectations and promises that don't seem to ever pan out.
Right because the stock will just do great without a license as it has for the past 7 straight months of decline... Brilliant lol
Industry news is all that can help for a while. FITX cannot stand on its own until it (possibly) gets a license next year some time.
A couple weeks ago there was a PR (again) that said they expect the license "soon". Not sure how many months they consider soon, but I bet it is a lot more than investors...
8 poor souls who think this can get above a quarter in a couple years let alone 60 dollars which would put around a half a trillion market cap and the largest company in the world ROFL!
You're saying this on a thread started by a person lying about being a stock broker to boost the stock price, but failed miserably as the stock has collapsed since October 1st when this thread was started. FITX has been making new lows and continuing down trend from over half a year ago.. People will be surprised how low startup production will be in my opinion and it will collapse the stock when they get license.
Wow up almost 2 tenths of a cent to .04 that's big UPS congratulations longs!
The news said that was their opinion coming OUT OF THE MEETING. How could it be a lie that was their interpretation going into it? The link is on this board have you not watched it? Hear no evil see no evil right? Maybe it's not there if I close my eyes?
Not flat for long, the chart says down and the news was bad not good. The news painted FITX in a bad light featured residents complaining their questions were not answered to their satisfaction and they ducked the media with a no comment.
Explain yourself. You think it's feasible to sell to Israel yes or no?
You think it was feasible to have a license end of August yes or no? Keeping in mind that was 8 weeks ago and counting...
1) That he will sell to Israel a world-wide top producing country sitting close to several top producing country in the world who is not in the habit of buying even next door as no grower middles themselves out of producer status when they are a world leader for over a decade. Not feasible = flat lie (or cop out and say he is ignorant of the facts, but it's one or the other)
2) That his facility, "met all Health Canada specifications" and weeks later come to find there were issues that needed changed which will always require re-inspection. Which leads to
3) That he expected a license by end of August on a PR just under 2 weeks from end of August which again was not feasible as he knows how long HC takes. It wasn't feasible it shouldn't be put out in a press release as his opinion. He will hide behind bad opinion rather than a lie, but I could go back further and keep going and he has a track record with blowing smoke.
The reason violent crime and traffic fatalities collapse is that marijuana often replaces much more intoxicating and dangerous drugs like alcohol and pills. Also, alcohol is attributed to around half or more of all violent domestic disputes and public assault charges. Safer alternative legal = safer society...
Too many accidents? Like one idiot fell off a balcony, but traffic fatalities and violent crime has collapsed... The movement is gaining steam at a rapid pace.
There will most likely be some sort of PR and that will be all you get. Should be quite anti-climactic and invite a lot of selling back to low 3s and very possibly a break into 2 to 2.5 cents.. A slight possibility of some news that causes a quick pop before falling back down.
Investors not allowed. Unless you have residence and happen to be invested which is likely no one.
Kind of funny how excited they got for 4 and a half cents while that's still down 70% off the high from 6 months ago.. That's a lot of ground to make up and I think it will be many years before 12+ cents is ever seen again.