Blue Horseshoe Stocks- FRTD Report
bluehorseshoestocks Newsletter
———————————————————— ** http://bluehorseshestocks.com/images/shoeheader.png ———————————————————— ———————————————————— Fortitude Group, Inc. FRTD To kick off this new trading week, we`re focusing on FRTD, a stock that we`ve been tracking since we caught it as a marijuana momentum play off of a routine scan back on February 25th (http://bluehorseshoestocks.com/2014/02/25) .
That day, on the heels of a prior announcement that the company would begin offering transaction processing to legal dispensaries in the medical marijuana industry, the stock took off and gave us a great chance to profit. It ran 122% intraday from a low of .0081 to .018. The next day, it traded in a range from .0151 to .0249, adding another 65% run.
More recently, FRTD gained even more ground, running to a new 52-week high on April 4th at .0784. At that point, the move we`d seen from the stock in less than 6 weeks amounted to 868% Apart from the multitude of gain opportunities it has brought us in recent months, one of the main aspects of FRTD that we like is the level of activity at which the company has been operating with regard to transparency. It has seen several developments that it has relayed to the public in the month of April.
It began with a distribution agreement FRTD reached with dry-herb vaporizer manufacturer, VaporVites. On April 2nd, it was announced that FRTD would process orders for 10 dispensaries in Colorado with the expansion of an additional 70 dispensaries over the few months. (Initial 5000-Unit order received 04/08) It was this news that would serve as the precursor to the stock`s run to its annual high.
We are now looking back at the consolidation period that followed, as FRTD began to bounce on Friday following another exciting announcement. The company made good on its promised stock repurchase, wherein in bought up 8.5% of its total public float out of the open market.
Just looking at that, and the other recent developments from FRTD, one can tell that every effort is being made to effect forward progress.
Fortitude Group, Inc. Purchase 8.5% of Their Public Float (http://finance.yahoo.com/news/fortitude-group-inc-purchase-8-140650904.html) (Fri, Apr 25) Fortitude Group, Inc. Gives Qualified Shareholders a $25.00 Affinity Black Card (http://finance.yahoo.com/news/fortitude-group-inc-gives-qualified-133000679.html) (Mon, Apr 21) Fortitude Group, Inc. Submits Special Share Issuance Certificate to Transfer Agent (http://finance.yahoo.com/news/fortitude-group-inc-submits-special-130000964.html) (Thu, Apr 10) Fortitude Group, Inc. Receives Initial VaporVites Order (http://finance.yahoo.com/news/fortitude-group-inc-receives-initial-133500572.html) (Tue, Apr 
Fortitude Group, Inc. Executes Distribution Agreement With VaporVites (http://finance.yahoo.com/news/fortitude-group-inc-executes-distribution-182035468.html) (Wed, Apr 2) FRTD CHART:
That brings us to the current FRTD chart, which appears to be ripening. This morning`s news (below chart) of another large share repurchase by the company is another thing attracting us to FRTD this morning.
We`ve also prepared a video chart:
http://youtu.be/flg5r7KoBmo Today`s Big News:
(In addition to the large share repurchase, FRTD also hinted at an upcoming strategic partnership with a revenue producing company) ERIE, PA–(Marketwired – Apr 28, 2014) – Fortitude Group, Inc. (OTC: FRTD) is pleased to announce, as part of their previously announced Stock Repurchase Plan, they have retired and returned to treasury 185,000,000 shares of their restricted common stock (20% of the 894,322,304 shares that were formally issued and outstanding).
The Board of Directors, on February 25, 2014, resolved the repurchase of up to 100,000,000 Class A common shares of the Company. On March 26, 2014, the Board of Directors agreed to increase the allotted number of shares in the Stock Repurchase Plan from 100,000,000 to 250,000,000 (which can be purchased over the next 365-days). To date, the company has retired a total of 212,550,000 shares (24%) of their issued and outstanding common stock. >>> FULL PR (http://finance.yahoo.com/news/fortitude-group-inc-retires-20-120000375.html) More Information:
FRTDBuyBack.com (http://frtdbuyback.com) ============================================================
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On 04/26/14, Owners of this newsletter received $5000USD from a Third-Party for a One-Day Awareness Campaign on FRTD.
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