I want to talk about 2 weed stocks that are the real deal
FITX
Shareholder meeting
Groupmember from canada went to their shareholder meeting
"Alright so I went to the FITX shareholder meeting with a buddy of mine. We got to the site of the plant that they are building and we went into this house where they had the meeting. People where talking to each other before the presentation and shyt. There were a bunch of people from the US 2 guys from Utah, a dude from New Mexico etc. All in all I would estimate around 50-60 something people showed."
"My buddy and I started to talk to Bill for a bit then we talked to the VP of the company Dr. Sam (I forgot his last name). Anyways this Dr. guy was a wicked dude. He is the brains behind making this whole medicinal marijuana thing go. After chatting for about 15 min we went into a room that looked like a mini theatre. That is where they started to introduce the people in the company and speak on the company. They all talked about their background"
"a bit and then the Dr. did the majority of the talking. These guys where some real passionate dudes about their work and where they see the company going. He kept stressing that they want to be as transparent as they can with the shareholders and how they want to show real facts and substance about the company."
"Weather is an issue of why they are not further along with the build which was understandable. They are in constant contact with Health Canada who by the way are breathing down their necks to get the product manufactured and to start pushing it out. They have no worries when it comes to getting the license after the plant is up. They talked about the security measures they are building for the plant, they talked about the security team they have"
"(2 ex DEA officers and one homeland security dude. All 3 of which where in super cop mode the whole time haha). Talked about how they want to and believe they will be the biggest med marijuana company in north america and the world (lofty expectations but man these guys talked a good game and have a good team in place)."
"Talked about how important the medical aspect is to the company and going natural and stuff. Bill was saying his expectation is to uplift by May (I think he was talking about filing the papers or whatever needs to happen by May and that could help the company Jump up to the NASDQ, NYSE when that is possible. He sees the company trading on those stock exchanges sooner rather than later)."
"Talked about how they want to do this the legit and proper way that is why its taken a bit longer than they wanted. Said they could have been up and running already if they wanted to rush it but that wouldn’t benefit anyone long term. Said they are ready to Jump on the US market when they lift the federal law about medical weed. They are all about quality control and having a consistent product from batch to batch. They have about 50 strains"
"ready to go when they are up and running. Talked about the process in which they would have a patient go to the docs get a script for it, it would get faxed to them, patients record and what they need the weed for would be in their system and the product would get delivered to their house. Health Canada doesn’t want a middle man like a drug mart they want it straight from the factory to the patients house."
"Bill doesn’t want a split of stocks and said he would implement a buy back option instead for the shareholders when the time comes. They handed out a booklet with some info on where they are at and where they are headed."
"I left that booklet in my buddies car I’ll upload the pics of the papers when I get it. Also I had my buddy record the whole presentation audio so when I get it off his phone I can upload that to you guys. Just don’t say you got it from me and don’t spread it around too much lol. Ya thats the stuff off the top of my head until I get that audio and upload it."
"It was about an hour and 45 min presentation with people asking questions at end. Anyways all in all like I said they seem to be doing and saying the right things. I believe they will be major players and they are legit. Again just my perception and could be totally wrong and it becomes the next big money grab but I can’t see that happening honestly. Plus if that happens I’m gonna sell my movie and book rights and make my money back that way haha"
TTDZ
Charts
Seems like the hardest part about Monday is hoping no PR comes in the morning so we can buy in....Resistance turned into support at .0090, new resistance is at pretty much the penny mark...once that breaks then we're off to the races like LATF.
Im still slightly hesitant to buy in first thing monday morning unless their is premarket PR because of the RSI..its at 75 right now, which means a pullback would normally come, but what I have been seeing repeatedly with weed stocks is it will go from 75 to 88 no problem.
Another thing to note from the chart is the accumulation...the market see's this stocks value and I'll explain why later, but its been accumulated AND going up WITH LESS VOLUME, meaning this float is close to being on its way to skyrocketing. (Another thing to note is that insiders cant sell their shares til it hits $1, so I doubt they would dilute themselves here).
Lastly you can see the chart has been bumping up the 20 dma every time, so if your buying monday at closing price of .0092, lets hope that price holds and doesnt break support and goes to pennyland.
Next on the quantitative list is the stock structure and o/s comparison between weed stocks.
TTDZ has a 340 million float as of 2013. This is reasonable compared to some weed companies that have ran from .001's to 20-40 cents like HEMP(.132 pps) with its 1.4 Billion float or PHOT (.365 pps) with its 420 Million float or even FITX(.105 pps) with is 1.5 billion float.
This float along with the great accumulation that has been taking place shows us that this stock can go 10-30 times itss current value in a short period of time, with all the hype in the MJ industry.
I'll let you guys do your own dd on the qualitative, the management and decide if you want to invest, but I know what im doing Monday morning :bayer: ...6 Grand...Im either going to make the incredibly smartest or dumbest decision of my life Monday...wish me luck.
all I know is that im pissed cuz I had people tryna call me this morning bout some bullshyt and I missed out on the right entry price cuz of that 