FormCap Corp (FRMC)

[Stavro8888]

should we buy again?

[Stavro8888]

thanks for all the information. I've been here for 6 years, looking forward to the development.

[Zardiw]

$FRMC just got New Owners! Check it out:

Old Owner (From latest 10Q 2017):

https://www.otcmarkets.com/filing/html?id=12236906&guid=bCLfU6uprzaOG3h



New Owner (From Form 15 filed Friday)

https://www.otcmarkets.com/filing/html?id=13651871&guid=bCLfU6uprzaOG3h



z

[Zardiw]

It also could mean that somebody bought the $FRMC shell and will do a merger........

z

[Zardiw]

It means $FRMC wants to stay alive with the SEC.....they got something going on I bet.........

A Form 15 lets them stop filing legitimately, and the SEC won't suspend them...like they do a lot of other stocks

z

[Stavro8888]

what does that mean?

[Zardiw]

$FRMC Form 15 Filed!! OS: 89M Float 33M:

https://www.otcmarkets.com/stock/FRMC/security



z

[MoneyMan]

Some action today. Still thin.

[MADDSTACKER]

Very thin stock

[ToyotaMR2s]

FRMC .008/some hits today

[MADDSTACKER]

Only 9 m shares here raise them bids ..lol

[MADDSTACKER]

Agreed :)

[ToyotaMR2s]

Looking good here, just needs a good 8-k/news, they filing for a reason here

[MADDSTACKER]

9 m os !!!!!!

[MADDSTACKER]

The Company will also have the option to participate in the drilling of up to six exploration or development wells on lands currently owned by Keta and Kerr under terms set out in the agreement

[MADDSTACKER]

10 Q out 9 m share os ...

[MADDSTACKER]

Agreed , I bought 150 k shares as lotto ... going wait it out ....
GLTU :)

[MoneyMan]

Not following their SS listed in these filings. When I see a 10k hit and some clarification on that old R/S this could be an interesting one.

[MADDSTACKER]

Ready for some news here

[MADDSTACKER]

Any good news comes out easy 5 banger let's see... Good luck us .

[adijas]

20k at .01

[MADDSTACKER]

Look how thin ask is ..lol

[adijas]

yup

[MADDSTACKER]

Probably not ... But if no Rs it's a go.
50/50 sounds about normal... Lol

[adijas]

Me too, bought some yesterday when I saw first filing. But I don´t think she is the same as from Stryker.

[MADDSTACKER]

Yup....... Well I'm going hold , no way to thin to sell...
If no Rs easy 5 banger ....

[adijas]

I believe it´s a woman http://www.bloomberg.com/research/stocks/people/person.asp?personId=307383292&privcapId=3156525

[MADDSTACKER]

Nope different guy

[MADDSTACKER]

Not sure if same guy but other company is at $145,

[MADDSTACKER]

Looks like China's guy in charge ....
He runs medical device company ...

[funnyG986]

Good luck with that.

[MADDSTACKER]

True ...

[adijas]

Saw that, but it´s from 2015. So might be cancelled.

[MADDSTACKER]

Cool.... I'll take a swing ...lol

[funnyG986]

read their def 14.

[MADDSTACKER]

Looks like already happened where see that ..?

[funnyG986]

1-1000RS PENDING

[MADDSTACKER]

Looks like going current

[Yougotthisdude]

FORM 10-Q

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12117403

[flaflyersfan]

FRMC files 10-Q;

http://www.sec.gov/Archives/edgar/data/1102709/000137216715000135/formcap10qmar2015.htm

Good luck.

[flaflyersfan]

FRMC files 10-K;

http://www.sec.gov/Archives/edgar/data/1102709/000113717115000071/formcap_10k.htm

Good luck

[flaflyersfan]

Phatlander, it is the same lease that FRMC and many other penny stocks have PRed before that has never produced $1 in oil.

Good luck.

[Phatlander]

Frankly, I'm disgusted with what I've seen from FRMC thus far: a misleading stinky pinky. However, the lease they hold is in a good area with good geology that in these economic times would be favorable to a major to drill...hence my query.
Unfortunately I agree with you that to date FRMC has shown no inclination to actually drill as of yet, and are not likely to any time soon on their own. At the same time, as I understand it, they hold the lease debt free...which means FRMC perhaps can survive where tight budget oil companies are folding. Also, I understand that the better more solid oil companies are concentrating on these less expensive shallow drills to maintain oil production at lower costs...leaving their deeper targets for later. So I think FRMC offers a favorable acquisition or JV target. Just IMO only.

[flaflyersfan]

Phatlander, that would take true intent from FRMC to actually want to drill oil. EOM

[Phatlander]

One would think the current economics would bring a greater value to a lease such as this one, but despite their PR's of upcoming drills and farm in agreements, this company can't seem to get its s**t together. Perhaps a company you may have connections with might have the wherewithal to barter a JV and utilize the assets held here? Just a thought.

[buccaneer1961]

how about now?

[flight33]

Sharebuilder is quoting this at $200/share right now. Maybe somebody bought it at that price by accident.

[cartonet]

with a filling like that. you will need not luck, but a miracle. LOL

[flaflyersfan]

FRMC files 10-Q;

https://www.sec.gov/Archives/edgar/data/1102709/000113717114000252/formcap11182014.htm

Good luck

[DocLevi]

With penny stocks one must watch out for the coveted industry related fluff (sure sign of dumping shares). 28 drills ... lol ... yeah but when is (“Rainchief”) going to permit to intend to drill? We were a .05 for a long time now what? oil doesn't effect this company, you have to have oil income first.

Anyway from SD SDT ... Sandridge is experiencing big production drops after well production in first year in the Mississippian formation (Oklahoma). So most income will occur in the early months (just beware to not hold on too long if they ever produce is what I'm thinking, actual results may very).