Investment holding company Fortitude Group Inc.’s (OTCPINK: FRTD) share volume soared, with 47,868,852 shares changing hands, more than five times its three-month average of 8,807,274 shares.
The volume surge was sparked in part by the news that Fortitude Group has entered the legal marijuana business in a potentially lucrative way.
Provide Debit-Card Processing
Here’s an excerpt from Fortitude’s Feb. 24 announcement:
“Fortitude Group, Inc. (OTC: FRTD) CEO Thomas J. Parilla is pleased to announce that on Feb. 22, 2014, the Company executed a Master Agent Agreement with eViteXchange.com. Under the terms of the agreement, Fortitude will offer and facilitate closed-loop transaction processing to legal dispensaries in the medical marijuana industry as well as provide processing for entities in states that have legalized recreational marijuana sales.
Fortitude shall acquire from eViteXhange.com the URL's 420banc.com and 420cashcard.com. Both domains will be used as a pre-paid platform allowing legal marijuana merchants customers to process purchase transactions using a debit card vs. cash. The private-label card will offer additional rewards and points to the card holders which can be custom designed to fit their individual likes and needs. Fortitude expects to derive approximately $155.00 annual profit per retail card user. The Company intends to launch on Mar. 17, 2014.”
Solid Business Plan
As you probably know by now, I am the first to knock some of the pie-in-the-sky legal-marijuana schemes being churned out daily by various penny-stock companies, but this is not one of the.
On the contrary, this is a very solid business plan in which Fortitude Group even breaks down how much revenue each card it processes will generate yearly.
Having said that, there is no guarantee that all the moving parts of this plan will come to together especially in such a volatile sector as legal marijuana. Still, I have to say the concept is practical and has great potential, in my opinion.
On Feb. 26, FRTD’s share price closed at 2 cents, unchanged from its closing price the previous day.
Find out what could be the best investor’s move when it comes to FRTD by getting the complete report here, or by cutting and pasting the following link in your Web browser:
AvWorks Changing Name and Ticker Symbol
AvWorks Aviation Corp. (OTCQB: SPLI) stock volume also soared Feb. 26 with 11,886,076 shares changing hands, significantly higher than its three-month average of 7,963,375 shares.
The surge in volume was sparked in part by a Feb. 26 letter to shareholders from Vapor Group’s CEO Dror Svorai outlining the changes brought about by its recent merger and transformation from an aviation parts company into an e-cigarette company.
Letter to Shareholders
Here’s an excerpt:
“This past month has been very eventful for us, and we have great expectations for the year.
First, as you know, Vapor Group, Inc. merged into AvWorks Aviation Corp., bringing to the Company a change of management, significant additional revenue, and a new business model focused on a rapidly growing industry. As a result of the merger, effective January 22, we promptly filed for a corporate name change to "Vapor Group, Inc." in the State of Florida and in parallel filed for a trading symbol change and name change with the OTC stock exchange. We anticipate that the OTC market name and symbol change will occur very soon. Also, as you know, we filed for a reverse split of our common stock. We expect this reverse split to occur near the end of the first quarter, but not before.
Second, as a fully-reporting company under the Securities Exchange Act, we approved a plan to commit any and all necessary resources to making sure that all ongoing financial reports and material events are disclosed and reported to the SEC and our shareholders on a timely basis. Furthermore, we will have our accounting team and new auditor, Terry L. Johnson, CPA, Clearwater, Florida, who is registered with the Public Company Accounting Oversight Board, review all financial reports filed in the last two years under prior management in order to assure our shareholders that such filings were made accurately and thoroughly.
Third, we plan to increase shareholder value through accelerated growth in revenues driven by a broadened and deepened marketing and distribution footprint, and consumer and trade brand acceptance of our products. To that end, we are undertaking several initiatives.
Currently we are negotiating the acquisition of a company whose product line and key market segment supplement, rather than compete, with our own. We believe this acquisition will proof strategically and economically valuable since it will position us in a segment of our market that we currently don't serve with a different type of e-cigarette product. Completion of this acquisition will result in an immediate incremental revenue gain. “
SPLI’s share price closed at 6 cents, unchanged from its closing price the previous day.
Find out what could be the best investor’s move when it comes to SPLI by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Getting New Attorney Opinion Letter
Tiburon, Calif.-based Triton Distribution Systems Inc. (OTC Pink: TTDZ), a development-stage company targeting travel services distribution, has offered little in the way of news.
Its last public statement occurred Feb. 3 in a cryptic press release that said that Triton was in the process of getting a new “Attorney Opinion Letter,” after it had received one it ordered that had an invalid signature of a deceased attorney.
There has been absolutely no news on any of the company’s potential products, services or market.
On Feb. 26, TTDZ’s share price closed at 0.0116 cents, down 0.0004 cents from its closing price of 0.012 cents the previous day on volume of 82,689,280 shares.
Find out what could be the best investor’s move when it comes to TTDZ by getting the complete report here, or by cutting and pasting the following link in your Web browser:
OncoSec Medical Inc. (OTCQB: ONCS), an emerging drug-medical device company, is not making much news these days.
It’s latest PR announcement is that it President and CEO Punit Dhillon will make a presentation at the 24th Annual Wall Street Analyst Forum Institutional Investor Conference at the University Club in New York, New York on Monday, March 3rd at 12:05 p.m.
Its stock volume is low, with only 8,500 shares changing hands, light years below its three-month average of 3,285,059 shares.
On Feb. 26, ONCS’s share price closed at 74 cents, up 5 cents from its closing price of 69 cents the previous day.
Find out what could be the best investor’s move when it comes to ONCS by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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