{"id":4397,"date":"2014-04-16T10:15:47","date_gmt":"2014-04-16T10:15:47","guid":{"rendered":"\/?p=4397"},"modified":"2014-04-16T10:15:57","modified_gmt":"2014-04-16T10:15:57","slug":"fortitude-group-inc-otcmktsfrtd-takes-a-gulp-of-air","status":"publish","type":"post","link":"\/articles\/fortitude-group-inc-otcmktsfrtd-takes-a-gulp-of-air\/","title":{"rendered":"Fortitude Group, Inc. (OTCMKTS:FRTD) Takes a Gulp of Air"},"content":{"rendered":"

The least that Fortitude Group, Inc. (OTCMKTS:FRTD<\/a>) could hope for was some buying when the stock price bottomed out. FRTD<\/a> has been crashing in the past few days, unable to continue above the $0.06 range. On Tuesday, FRTD<\/a> recovered a little, adding more than 22% to $0.00252, as buying expanded to $1.2 million. The day was also marked by relatively lower volumes, with all but one MMJ ticker below the $10 million border. \"FRTD0416.png\" <\/p>\n

FRTD<\/a> rose on a day when most of the tickers in the Marijuana index remained subdued, and the indicator itself slid by more than 5%. The immediate reason is that FRTD<\/a> spent some days without corporate updates, in addition to the general pessimism and the series of trading suspensions last week. \"MCIG0416.png\"<\/p>\n

Now, investors’ forums show some expectations of a big comeback, achieved in a short period. The possible price for FRTD<\/a> is seen at $0.05. Others fear that FRTD<\/a> will be the next under the SEC radar, for the unusually fast trading, combined with many red flags surrounding the company’s non-existent products.<\/p>\n

FRTD<\/a> promised a shopping card, and two of its own brands of vaporizers, but so far, not one of those products gives signs of being a viable market alternative. VaporVite is not even trademarked, and MariMite was only protected a few days ago. The Affinity Black Card is still a mere promise. On top of all, FRTD<\/a> is not a regular filer.<\/p>\n

So investors are left with the expectations that the partner, Affinity Mediaworks Corp. (OTCQB: AFFW) has indeed managed to gather $4 million. FRTD<\/a> was not bashful in its future business estimations, stating that AFFW would bring in more than $200 million in annual revenues, while VaporVites alone would sell a whooping $15 million in products in one year.<\/p>\n

Needless to say, none of this helped stop FRTD<\/a> when it sank more than 70% in a few short days.<\/p>\n

FRTD<\/a> strangely chose a very busy market, that of electronic vaporizers, promising to make a big splash with a device that still looks like a prototype. In addition, many better-quality OTC tickers used similar products, but were wiped out in a wave of pessimism. The leader in the sector remains mCig, Inc. (OTCBB:MCIG<\/a>), which is sustaining a longer sinking trend, sliding from above $0.73 toward the 50-cent range, as the bad mood persisted in the new week.<\/p>\n

Vape Holdings, Inc. (OTCMKTS:VAPE<\/a>) hardly managed to hold onto the corrected price, and slid from the peak $30 and above, toward the current $8.8 position, while still bleeding pennies in a relentless falling trend. This ticker is quite highly priced, and not the easy entry point that FRTD<\/a> offers.<\/p>\n

The biggest risk for FRTD<\/a> would be the risk to draw in too many investors with the relatively low price. This, of course, won’t guarantee a lack of future disasters. Also, trading has been slow, so think well before getting caught in a position that may be hard to shed.<\/p>\n","protected":false},"excerpt":{"rendered":"

The least that Fortitude Group, Inc. (OTCMKTS:FRTD) could hope for was some buying when the stock price bottomed out. FRTD has been crashing in the past few days, unable to continue above the $0.06...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1274,1179,1293],"class_list":["post-4397","post","type-post","status-publish","format-standard","hentry","category-news","tag-frtd","tag-mcig","tag-vape"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=4397"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4397\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}