Creative Edge Nutrition Inc. (OTCMKTS:FITX) Still Soaring

Since the last time we heard from it, Creative Edge Nutrition Inc. (OTCMKTS:FITX) has continued its ascent and is presently comfortable at the impressive high of $0.0888.

The company made a significant jump on Friday. Much like Tranzbyte Corp. (OTCMKTS:ERBB) and Plandai Biotechnology Inc. (OTCMKTS:PLPL), it managed to ride the hype to the top of the charts through the tried and true tactic of pumping out hopeful, yet vague and uninformative press releases.

What pushed FITX up at first was the publication in Detroit Free Press. Then came a couple more of interviews for other on-line media, that were equally rich in well-wishing and optimism and poor on details about how FITX plans to achieve its goals. Confidential information aside, FITX could have at least revealed it schedule or a to-do-list. As it stands, all investors have to go on presently are the encouraging words of the company’s CEO. 

FITX‘s latest press release just hit the wire, and frankly it was just as unimpressive as the last ones. In it mr. Bill Chaaban’s statements seemed to present more questions than they did answer. He stated that FITX “has accelerated its construction and build-out plans” for the new cannabis production facility, but failed to specify what their present, or even initial, estimates for the construction time were.

Similarly, Chaaban mentioned that FITX “will be posting pictures and videos throughout the build-out process to keep shareholders informed of our progress”, but again no such proof was disclosed.

Yet despite the company’s reluctance to share information, and despite its obvious financial instability, investors are jumping at FITX stock with undying enthusiasm. On Friday FITX stock closed 23.50% up and is currently up in today’s session.