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Annual List 18/10/2011, sorry for mistake :)
www.tdwaterhouse.ca/common/corp_action/ca_pdf_2011/man_8_june282011.pdf
Received amount cash this morning "Distribution liquidation", ANYBODY ELSE ?
SECURITY DELETIONS
Dl Date Symbol Company Name Effective Date/Comments
2/24/2010 FTRSQ Foothills Resources, Inc. Common Stock 2/24/2010 Plan effective 2/22/10. All shares have been cancelled. **
not true IMHO, I `m in contact with FINRA`s officer...very closely...:)
All you get is a standard reply basically saying you will never know anything. I had the same with that jerkoff Rudy and his company. Shareholders lost shares and no one is there to help and it is going to be the same with this one.
nothing new here: complaints sent to SEC & FINRA, hope that few others shareholders have done the same.
any updates here?????????
To all :
Here is following, mail received from SEC, feel free to send your request concerning FTRSQ , to the same person, or you can call him freely.
I`ll keep you in touch when I`ll receive answer from FINRA .
Dear Mr. xxx :
Thank you for the additional information and for taking the time to alert us to your concerns. The SEC’s Office of Investor Education and Advocacy (OIEA) processes many complaints received from individual investors and others. We keep records of the correspondence we receive in a searchable database that SEC staff may make use of in inspections, examinations, and investigations. In addition, some correspondence received by OIEA is referred directly to other SEC offices and divisions for their review.
Please understand that the SEC conducts its investigations on a confidential and nonpublic basis and neither confirms nor denies the existence of an investigation unless the SEC brings charges against someone involved. We do this to protect the integrity and effectiveness of our investigative process and to preserve the privacy of the individuals and entities involved.
As a result, we will not be able to confirm whether an investigation exists or provide you with any future updates on the status of your complaint or of any pending SEC investigation. You may wish to check our website, www.sec.gov, for information about pending SEC civil actions, administrative cases, and other matters. Please do note that if an investigation or other Commission action is initiated, it is possible you will be contacted by SEC staff for additional information.
I’ve attached a flyer that describes our policy as it will apply to your complaint. Please don’t hesitate to contact me if you have any other questions.
Sincerely,
Steven G. Johnston
Special Counsel
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission
(800) 732-0330
www.sec.gov
FYI :Transfer Agent
We do not provide that information without the company’s advisement. Please direct your inquiry to:
FOOTHILLS RESOURCES INC.
2450 FONDREN ROAD, SUITE #200
HOUSTON, TX 77063
TEL:(713)621-9408
Bryan Blank
Transfer Department
Continental Stock Transfer & Trust Co.
17 Battery Place , 8th Floor
New York , New York 10004
212-509-4000 x233
website now:
Foothills Resources, Inc. is no longer a public company.
2450 Fondren Road, Suite 200
Houston, Texas 77063
Broker said they are waiting for the TA to contact them.
anyone who filed a complaint, please keep us updated as to what you find out, Thanks
i'm ok with that butttttttttttttttttt as you can see in the otcbb report the effective date was feb 22 all float was to be cancelled by that date, then they changed it to the 24th at 2:52pm uhmmmmmmmmmmm kind of weird
HAHAHA, it's really not the ceo's fault.. He released a pr stating it was cancelled.. I'm sure she'll be changing phone numbers soon..lol
I just left a message to see if i get a phone call back, i'm not suing no one, i only lost a couple hundred more than the money is the principle. and i just posted the phone # if anyone wants to say hello to the ceo's mother
Posted for reference
Here are the chronologicals facts :
January 29 : emergence from bankruptcy, with under the terms "publicly traded common stock, have been cancelled and no such shares remain outstanding"
February 23 : esos nevada, shares cancelled, new stock value "New Stock Value: Par Value Shares: 3,000 Value: $ 0.001 "
February 24: BEFORE opening bell, Press Release issued by company
February 24: 3 pm, stock halted
February 24: AFTER closing bell, FTRSQ appeared on daily list deletions
February 24 : AFTER closing bell, FINRA reg/sho list, with 5503709 shares shorted (total traded :19440867)
The question is : why brokers and MMs sold the unavailables shares ?Will they have to buy back ?
New amendment on esos nevada, yesterday :
Actions\Amendments
Action Type: Amended & Restated Articles
Document Number: 20100114315-48 # of Pages: 7
File Date: 2/23/2010 Effective Date:
Previous Stock Value: Par Value Shares: 275,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 275,000.00 New Stock Value: Par Value Shares: 3,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 3.00
http://www.otcbb.com/asp/dailylist_detail.asp?d=02/24/2010&mkt_ctg=NON-OTCBB
Foothills Resources, Inc. Completes Financial Restructuring
Recent FTRSQ News
No additional news stories are available for FTRSQ at this time.HOUSTON, Feb. 24 /PRNewswire-FirstCall/ -- Foothills Resources, Inc. (Pink Sheets: FTRSQ) (the "Company") today announced that it and its subsidiaries have completed their financial restructuring and emerged from bankruptcy protection.
"This successful financial restructuring is a significant accomplishment, and we are satisfied with the outcome," said W. Kirk Bosche, chief financial officer of the Company. Â "Thanks to the hard work and commitment of our employees, officers, directors and advisors, Foothills is now emerging from reorganization as a stronger entity and better positioned to support its operations."
The Company's emergence from bankruptcy was preceded by confirmation of the Debtors' First Amended Joint Plan of Reorganization Under Chapter 11 of the Bankruptcy Code (Modified) (the "Plan") in the U.S. Bankruptcy Court in Wilmington, Delaware on January 29, 2010.
Under the terms of the confirmed Plan:
-- The Company has a commitment for a $27,954,700 exit financing facility from one of the Company's pre-petition secured lenders. -- The exit financing facility will be used to pay down a portion of the Company's pre-petition secured debt. -- A portion of the Company's pre-petition secured debt will be exchanged for all of the equity in the restructured Company.
The Plan was supported by virtually all of the Company's creditors and interest holders, including the Company's pre-petition secured lenders, unsecured creditors, and equity interest holders. Â By application of the Plan, all of the Company's equity securities, including its publicly traded common stock, have been cancelled and no such shares remain outstanding.
Following the dramatic decline in commodity prices experienced in the second half of 2008, the Company voluntarily filed for chapter 11 bankruptcy protection in Delaware on February 11, 2009 when, as a result, it was no longer able to service its secured indebtedness and the prevailing disruption in the credit markets foreclosed any opportunity to refinance its debt other than through a reorganization proceeding. Â The Company was represented in its chapter 11 restructuring by Charles R. Gibbs and Sarah Link Schultz of Akin Gump Strauss Hauer & Feld LLP and Patrick J. Reilley of Cole, Schotz, Meisel, Forman & Leonard, P.A.
Okay, let us know how that works out.
So you will sue the company because they released a PR saying the shares are going to be CANCELLED and you bought? Let me know how that works out for you, Will be great reference..
I left him a message and mention some class action
1713 621 9408 new number for CEO
done, FINRA and SEC.
any one here file a complaint with finra
L2s thinning out back to .12
FTRS going nuts with buys on the ask. Something up? Finally buyout news?
hi GNOTE, good morning. he has done o.k. in da past.
greed does kill.
Pickins is losing BILLIONS in stock purchases. The guy is never right.
BUY-IF
0.0300
-0.0020 -6.25%
Candlestick Analysis
Today’s Candlestick Patterns:
Black Spinning Top
pickins said , oil back to $100. i hope it levels off in this area til we see what wonder boy has in store for u.s.a.
They got into credit problems. Couldn't repay some loans. They brought in a legal accounting team to develop some solutions (e.g. divestiture, sell off some assets, buyout, increasing A/S, etc.). That has been a few months now and no follow-up from the company.
The firm they hired though specializes on sell-side legal advice for firms, so I am hoping for someone acquires them. The book value is over 5x current market cap. Solience from teh firm and declining volume have killed FTRS, plus price of oil can't help matters when they are trying to cover debt.
me too, say how come foots dropped so much?
As long as it doesn't bounce off $51 like it did last time! I like cheap gas.
me again surfing some, this one is getting into double btm area.
oil
Volume dried up on us
yes it is , great stock and nice low float
from pinksheets:Estimated Market Cap
$2,725,094 as of Nov 7, 2008
Outstanding Shares
60,557,637 as of Jul 31, 2008
Number of Share Holders of Record
252 as of Mar 28, 2008
is this correct?
I need to buy buy buy next week. Shares are in short supply on this low floater. I think it is going to be one great week for this stock.
20-30 cent range by Friday.
Yes the Chart is saying up up up
This baby is going to be a multi multi bagger
Dang, I hadn't checked the chart in a while. You are right. PSAR flipped today closed above the 20(MA) and is looking for a nice cross on the ADX. Good volume today too. I think you may be on to something GNOTE!
Thanks for waking me up!
FTRS News
Foothills Resources, Inc. Updates Operational Activities
Oct 28, 2008 08:30:00 (ET)
BAKERSFIELD, Calif., Oct 28, 2008 /PRNewswire-FirstCall via COMTEX/ -- Foothills Resources, Inc. (FTRS, Trade ) (the "Company") today provided an update on activities in its primary operating areas in the Texas Gulf Coast and the Eel River Basin in Humboldt County, California.
Texas
Production from the Goose Creek, Cleveland and Saratoga oil fields is currently averaging about 560 barrels of oil and oil-equivalent natural gas per day ("boepd") net to the Company (750 boepd gross), which is above pre-Hurricane Ike levels. Although the eye of Hurricane Ike passed directly over the Goose Creek Field, the Company's facilities suffered relatively minor damage. That damage has been repaired although the Company's production from its Texas fields was completely shut down for about two weeks due to the extensive power outage in the region.
Following the hurricane, Foothills' efforts were focused towards servicing wells and restoring production. The Company is now recommencing the ongoing program of recompletions and major workovers in existing wells, which will carry on through the remainder of 2008.
With regard to the current downturn in the price of crude oil, approximately 70% of the Company's current oil production is hedged at an average price of about $71 per barrel, which will help augment the Company's near term cash flows in this lower crude price environment.
California
In the Grizzly Bluff Field, the Company is currently in the process of hooking up the GB 4 well to allow further testing of the Lower Rio Dell horizons into the gas sales pipeline. It is anticipated that this well, which was drilled earlier in 2008, will be produced intermittently as conditions warrant while the Company attempts to remediate suspected formation damage. Foothills is also producing the Vicenus 1-3 well, completed in June 2008, on an intermittent basis. Production from the Christiansen 3-15 well completed in September 2006 is stable at a rate of approximately 170 thousand cubic feet of gas per day ("mcfpd") net to the Company (300 mcfpd gross).
About Foothills Resources, Inc.
Foothills Resources, Inc. is a growth-oriented independent energy company engaged in the acquisition, exploration, exploitation and production of oil and natural gas opportunities in California, Texas and Oklahoma. Additional information on Foothills Resources is available at http://www.foothills-resources.com .
News!!!
Foothills Resources, Inc. Updates Status of Credit Facility
BAKERSFIELD, Calif., Oct. 17 /PRNewswire-FirstCall/ -- Foothills Resources, Inc. (OTC Bulletin Board: FTRS) (the 'Company') today announced that it has entered into a Third Amendment to Credit Agreement and Amended and Restated Forbearance Agreement with its lenders in connection with previously announced defaults on financial covenants contained in its Credit Agreement with various lenders and Wells Fargo Foothill, LLC, as agent (the 'Amended Credit Facility').
The Amended Credit Facility is effective September 15, 2008, the expiration date of the previous forbearance granted by the lenders, and extends the forbearance until December 31, 2008. The Company will be required to comply with the actions and timetable contained in a restructuring analysis provided to the lenders, which it prepared with the assistance of Parkman Whaling LLC, its advisor. The restructuring analysis provides for the evaluation of a range of possible strategic alternatives, including a sale of a portion of the Company's assets, a merger or other business combination, or the issuance of equity or other securities.
The Amended Credit Facility contains additional or revised financial covenants during the forbearance period pertaining to the Company's leverage ratio, minimum earnings before interest, taxes, depreciation and amortization, and minimum production levels, but suspends the Company's obligation to comply with the asset coverage and interest coverage ratios during the forbearance period. In addition, it provides for increases in existing interest rates on loans outstanding under the Amended Credit Facility, and for the payment of forbearance fees to the lenders.
The Company also reported that the borrowing base under the revolving credit facility has been confirmed at $25 million, and further that under the Amended Credit Facility the $2 million reserve against the borrowing base imposed under the previous forbearance agreement has been terminated.
The Company and its advisor are working toward completion of the strategic alternatives initiative at the earliest possible date, but the Company cannot predict whether this effort will lead to completion of a transaction or if so, the approximate time it would take for a transaction to be closed. The Company does not intend to provide further updates on the process unless and until the Board of Directors approves a specific transaction or transactions.
The Company may require forbearance extensions in future periods. There can be no assurance that the Company will be able to negotiate additional forbearances or that such forbearances will be on terms acceptable to the Company, or that the Company will be able to complete any of the strategic alternatives on satisfactory terms, or at all. The restructuring plan may impair the Company's operations and future prospects.
Foothills Chief Executive Officer, Dennis Tower, commented, 'We are confident that this additional time will allow the Company to identify and execute the strategic alternative which can provide the best possible outcome for all Foothills stakeholders.'
About Foothills Resources, Inc.
Foothills Resources, Inc. is a growth-oriented independent energy company engaged in the acquisition, exploration, exploitation and production of oil and natural gas opportunities in California, Texas and Oklahoma. Additional information on Foothills Resources is available at http://www.foothills-resources.com.
SEC Filings and Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future are forward-looking statements. The words 'will,' 'should,' 'believe,' 'intend,' 'expect,' 'anticipate,' 'project,' 'estimate,' 'predict,' 'plan' and similar expressions are also intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding business strategy and expansion and growth of our business and operations. Such forward-looking statements involve assumptions and are subject to known and unknown risks and uncertainties that could cause actual results or performance to differ materially from those expressed or implied by such forward-looking statements. Although we believe that the assumptions reflected in such forward-looking statements are reasonable, we can give no assurance that such assumptions will prove to have been correct. You should also know that such statements are not guaranties of future performance and are subject to risks, uncertainties and assumptions, including, but not limited to, our ability to negotiate additional forbearances, our ability to maintain compliance with the terms and covenants of our Amended Credit Facility, our ability to consummate any strategic alternatives, our ability to discover reserves that may be extracted on a commercially viable basis, our ability to accurately estimate oil and gas reserves, intense competition, environmental risks and general economic conditions including the price of oil and gas and the global credit crisis. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Should any of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may differ materially from those included within these forward-looking statements. We undertake no obligation to publicly release the result of any revision to these forward-looking statements to reflect events or circumstances occurring after the date of this release or to reflect the occurrence of unanticipated events. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission, including the Company's Report on Form 10-Q for the quarter ended June 30, 2008, which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operations and cash flows.
SOURCE Foothills Resources, Inc.
Source: PR Newswire (October 17, 2008 - 10:47 AM EDT)
Looks like more Power Hour buying at the ask. Seems to be pretty common on FTRS.
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Foothills Resources, Inc.
Address:
Canadiana Lodge
Wellfield Close, Coad's Green
Launceston
Cornwall, PL15 7LR
United Kingdom
Phone: +44 1566 782 199
Company website: http://www.foothills-resources.com
SEC filings: http://www.pinksheets.com/quote/filings.jsp?symbol=FTRS
From 10-Q 8/18/08:
Preferred Stock: A/S 25,000,000 - O/S 0
Common Stock: A/S 250,000,000
Common Stock: O/S 60,557
Float: 45,800,000
Ownership Structure as of 8/28/08:
Institutional - 31.6%
Mutual Fund - 6.69%
Insiders - 26.0%
Reserve and Production Potential http://www.investorshub.com/boards/manage_msg.asp?message_id=15062463
Operations Overview http://www.investorshub.com/boards/manage_msg.asp?message_id=15062474
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