{"id":4172,"date":"2014-03-20T15:14:08","date_gmt":"2014-03-20T15:14:08","guid":{"rendered":"\/?p=4172"},"modified":"2014-03-20T15:14:10","modified_gmt":"2014-03-20T15:14:10","slug":"creative-edge-nutrition-inc-otcmktsfitx-on-its-way-down-again","status":"publish","type":"post","link":"\/articles\/creative-edge-nutrition-inc-otcmktsfitx-on-its-way-down-again\/","title":{"rendered":"Creative Edge Nutrition Inc. (OTCMKTS:FITX) On Its Way Down Again"},"content":{"rendered":"\n

On Monday Creative Edge Nutrition Inc. (OTCMKTS:FITX<\/a>) jumped all the way to $0.0929 on the news of its most recent acquisition. By now the hype the press release caused is gone, and as a result the company has started another one of its headlong tumbles to the bottom of the charts.<\/p>\n

FITX<\/a>‘s buy of 51% of Hemp Technologies Ltd. was the big news at the time it hit the wire. Mr. Bill Chaaban, FITX<\/a>‘s CEO, declared that HempTech’s operations in New Zealand, Canada and the United States would be a tremendous asset which would be employed in FITX<\/a>‘s expansion. <\/p>\n

The market was roiled for a time, but ultimately investors weren’t impressed for long. As a result the ticker plummeted 7.68% yesterday. This just goes to show how hopeful optimism and well-wishing can only push the ticker up for so long, before the tactic of self-promotion through press releases loses its efficiency.<\/p>\n

It is safe to assume that the fall is mainly due to the fact that the numbers aren’t in FITX<\/a>‘s favour, regardless of Mr. Chaaban’s enthusiasm for his own business venture. The company’s latest quarterly report showed the following:<\/p>\n