FormCap Corp (FRMC)

[FinalFrontier]

Then there is the possibility that they never planned to drill in June to begin with, despite the filings. I am of that belief right now.

I'm guessing they thought they would see the s/p rocket with the Kansas intent to drill filings, then they would pull the old RS afterward.

Then possibly they would drill after all that took place in August.

The reason I suspect shenanigans is the timing of this whole thing with the RS being around the time the permit expired.

What they did get was sideline investors that were waiting for them to actually drill, rather than a runup to the drill date, which may have caught them by surprise.

Now, they are screwed IMO.

Even with the 10:1 RS, I predict this will just slide back double zeroes again afteward. And even the RS would only have this at .045 right now, which is where the stock was just a few months ago PRIOR to the RS.