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Hard to believe anything out of this company.
Does FTMR still have a website? Does not register on my computer.
Pretty depressing historical price graph.....
Randy what was the prie of this 2 years ago
The company isn't/hasn't said anything in forever to it shareholders.
2nd, 3rd or 4th party stuff means nothing. JMO
What exactly is being “waited on”? Is the ball in the court of the Canadian exchange, or in Fortem’s court....or has the request been denied....? I really don’t know the current situation/status as there has been no news/updates from the company that I’m aware of.
Fortem Resources seems to be consolidating. For the last few weeks or months there have been relatively large 70k to 100k bids that have been creeping higher.
The ask has been increasing as well. Last Friday someone dropped 20k shares on the bid (.20-.21), but then before the close we saw a 10k buy at the offer (.30).
It's obvious but if the buying continues, and especially if we receive some word from the company that the CTO is lifted and the company is "back in business" I think we see a fairly quick rise in price.
There are clearly some "ifs" and "maybes" but if you believe the company's account of things, and their frustration with the Alberta Stock Exchange, they will eventually get past this... though obviously it's taken much longer than anyone wanted.
At present I'm mostly just watching, but as liquidity arises may continue adding shares.
Nope.
Terrible bid ask spread and no liquidity... Bad combo.
It's time for a name change...
FRAUDEM RESOURES
SYMBOL: FRAUD
From your lips to God's ears..... And my wife says I'm not funny.... Been here now 9 years. Maybe 2021 is the lucky year. Happy New Year.
Happy New Year longs. Here’s to a better 2021 for Fortem. Shirley it can’t be any worse than the last few years....
Today was last day for tax loss selling
I agree with your sentiments. For what was a whimsical high risk gamble on this stock, I’m quite perturbed to de down in the high 5 figures......and with no real information from the company. Just tell me we were scammed and I’ll move on. Holding on for “hope” w/ absolutely no communication to the shareholders is frustrating.
Two of FTMR's properties are in UTAH. What impact, if any, is Biden going to have on these holdings if his stated goal is enacted as President? Are the leases protected/grandfathered or will future development be halted thus eliminating their value?
https://www.ksl.com/article/50070962/biden-wants-to-end-new-oil-and-gas-leasing-what-does-that-mean-for-utah
The two Canadian properties are heavy crudes. Oil density is measured on on a scale of 15-45 with 15 the highest density and 45 the lightest. The density of the FTMR properties is 17-19 which is very heavy. The high density oils, have the lowest profit margin because of the cost of refinement. What are the properties actually worth now. Will Canadian environmentalists shut down those properties?
How all this sorts out will make all the difference to the viability of FTMR IMO. I would like some answers before I consider rebuying any stock. The company website is still under construction and is of no value in gaining information.
I am about ready to delete FTMR from my watch list because of the passage of time and my concern that such a mickey mouse accounting firm botched filings and accounting to the point of taking multiple years to fix their ineptitude. Doesn't look to me like Mr. Billionaire cared enough about FTMR to hire a competent team or stay on top of what was done. I should probably just move on, but I get stubborn when I feel fleeced.
Disclaimer: if I sound negative it is because I hate losing money. I lost more than a disciplined investor should. I want facts not hype or slick words like the future is bright etc. Show me some evidence. Even though the losses have been made back in other stocks I still have a bad FTMR taste in my mouth.
Judging by the continuing downtrend to multi-year lows, you should be able to add down here at .13 or .14. If you put in a bid for .051 chart says you might even get that as that is the recent price low. You previously stated you were buying at $1 and above so you should be gobbling these like crazy due to your optimism. Color me skeptical.
No sells are mentioned in any of your posts that I can find so apparently you rode it to $3.95 down to the present .14 today. Ouch. That is optimism in the extreme. Sorry for the losses.
RandyKCMO Member Level Thursday, 03/30/17 04:41:23 PM
Re: signjack post# 453 0
Post # of 2466
I pulled the trigger on the first shares traded at .80 then bought my last at $1.20.
Yellow vertical represents your above buys.
Posting a screenshot of your recent buys would substantiate your claim. You can screenshot without showing anything but the trade. Very easy to do. Here is an example from the past on TDA with a different stock. This is an example of a screenshot not a recommendation for the stock itself.
I do wish any and all longs green success.
I was guilty of such optimism as well, but jumped ship after riding it down to 1.25ish. I had added shares as it rose and ended up being a loser because I broke my trading rules and stupidly thought Billionaire Bruner would do something to support the stock. with "good news" imminent.
Well, I thought my previous post made clear that I was quite optimistic about the future of Fortem Resources.
And consequently, I've been buying.
I understand those selling to walk away and take losses to offset tax gains elsewhere. But I don’t understand who is buying...and why......at these silly low levels?
As for the value, aren’t their assets worth well over $2/share. Something has to happen one way or the other vs staying endlessly at these levels.....
Agreed. I don't think it makes sense either. Maybe there are some that are selling to offset profits and tax liability.
I'm supposing what we are seeing is some shareholders that have and are giving up and selling shares at the current levels before the price goes down further. As I posted before, it's always a tough call.
I believe the disclosures about the accounting or auditing firm not signing off on their previous audits (which is dumb). After arguing and debating with the old auditor, and receiving the CTO in the process, FRTM paid their new accounting firm to re-audit their prior filings.
Having done all they could, they've been at the mercy of the Alberta Stock Exchange bureaucracy. They've tried waiting, they've hired lawyers and litigated, and still nothing. It's sounds bizarre and it is.
Through it all the company has been hamstrung, stuck in a sort of limbo. I think the resignation of these board members and management was an indication of their frustration with the Alberta Stock Exchange's inaction.
I believe the company has basically put itself on pause until the CTO and accounting matter are resolved. I'm confident FTMR's assets (gas and oil properties) and share structure are all in tact. If progress is ever made with the CTO being lifted, I'm thinking and hoping that we will be back in business as before.
Could I be wrong? Sure. But to me the risk reward ratio makes FTMR a pretty attractive investment.
We shall see.
None of this makes sense. What’s the point at these minuscule volumes....?
Wow!!! 470 shares sold at .05.
Then someone jumps it back to .23 on 100 shares.
This Reeks or is it robbery or both.
What does he pay his salary with, previous stock offering proceeds?!
Nope.
Too many own the same brand of leaky boat you own. So far it represents all that is negative about penny stocks. Weekly chart pretty well sums up the last 2+ years. Another Falcon Oil and gas LTD. LOL
No one asks why Mr Billionaire has allowed this. If it was the be all end all stock hyped for a higher exchange with amazing properties just needing reworking and development why has nothing happened for years?
Nothing that was pronounced as imminent for years has actually been accomplished when it comes to what matters most. No production, no revenue, no major exchange, no property or well development.
Oh wait, they have created an amazing # of bag holders.
Wonder how many year end tax loss sellers there will be this year.
One last actual piece of relevant company information.
"As the Chairman of the Board, President, Chief Executive Officer, Chief Financial Officer, Treasurer, and Secretary of Fortem Resources, the total compensation of Marc Bruner at Fortem Resources is $180,000. There are no executives at Fortem Resources getting paid more.
https://wallmine.com/otc/ftmr/officer/1944682/marc-bruner
All just IMO.
Any thoughts/comments on who and why someone is wasting their time buying 100 shares at a time of this stock? I’m sitting on thousands and thousands of worthless shares at sub $0.30/share?!
You no the old adage...
"YOU GO TO BED WITH DOGS,AND YOU WAKE UP WITH FLEES"
Nope, Just that price continues to drift down.
They tried holding .30 at the beginning of November and now they are trying to hold .25
Anyone know or hear anything about FTMR? Is this dead, time to just write it off? The lack of any info., news, updates, etc. is beyond frustrating!
I'm not sure what to say.
In a recent post I mentioned that materially FTMR continues to hold title to a boatload of oil and gas properties. These have by definition intrinsic value as well as potential income-generating value down the road. I think this remains the case.
BUT, will the company survive all this and come out the other side? I don't know.
The question I've pondered today is this. Do I pick up these cheap shares at the Ask or be patient and wait at the Bid? I don't know.
Here we are at the end of November. There's probably going to be some tax loss welling between now the end of the year.
Guess one has to answer the former question first.
Have a good weekend.
RK
After 17 days of more silence without any kind of statement, Q or any filings etc and todays multi year low of .24 your SAYONARA (Goodbye forever being one definition) means perhaps you have finally thrown in the towel on trusting FTMR can become something.
Delisting and the grey sheets market seems most likely if the ending isn't absolute oblivion.
Course they could rinse and repeat with a name change and a new narrative.
They fudged it up to .35 close on October 23. Yesterdays close at .28 is now a multi-year closing low.
Despite those who continue to post positive and semi-positive comments the multi-year trend is still down and volume is pathetic. True liquidity is non-existent as the daily dollar average is under $6,000 and often zero.
Oil prices dropping and heading into winter slowdown.
Absolutely nothing from the company in forever, yet posts continue to appear that all is going to be well and great things are coming.
History has a way of repeating itself and the track record of those setting up FTMR is zero. As in 3 other ventures, those who were in early at penny and sub-penny prices laughed all the way to the bank after fleecing the gullible sheep (like me) for second, third or even 4th time. Shame on me for listening to the same type of story telling from the same posters.
Strongbow, TerraNova, Holloman, Fortem. Sheesh. Samo, Samo.
Looks like a new low today of $0.2533 ????
Why is it taking so long? Hasn’t it been well over a year?
They need to get that CTO off
Quite a flurry of posts recently. I can’t see how all those board positions leaving is a good thing....but the thought someone shared about why, is interesting. Just hope this improves. It can’t get much worse.
Yep... He's a major shareholder and the largest... who only comes out is this venture a winner of the company does.
I like them apples. If he wins, we all win.
Let's see what happens, Bruner seems to running everything now.
I think you are correct, but I'm not sure that plan works if they know about the plan.
I was told the resignations were done to try and push the CTO through, to show them that they can't do business with the CTO on, and to show that ppl are leaving.
They're suppose to come back on board when the CTO is lifted.
Phrocks, the 8-K resignations are not great, but I suppose it basically puts the company on hold until it returns to normal trading status.
I think the company will continue and eventually go forward with it's prior plans. But for right now, Alberta Stock Exchange and those who control and influence it are content to let FTMR languish.
So long as the company has the CTO, it is in effect hamstrung. I don't know much, but from I can gather. I think it is to the point of intentional obstruction to the unintended consequences of centralized government bureaucracy.
Generally speaking, markets and investors don't like uncertainly. I think FTMR will be in a holding pattern until CTO matter is resolved.
On the bright side the company has not been issuing shares many shares and the filings continue to be up to date (I'll assuming we'll see 2nd quarter 10Q but who knows at this point). I don't think there are many companies to be found with assets worth hundreds of millions and potentially billions if they actually get them developed and put into production.
Depending on how things go, I think their may be some bargains to be had in the next month or two, but I also think the share structure is pretty strong/tight. The vast majority of shares were issued to purchase/acquire some prime petrocarbon real estate. Of the remaining shares, 14-15 million shares in the float and are (or at least were) in pretty strong hands. Tight enough to trade at $3-$4 per share for quite a while.
As the posts on this discussion board shows there certainly is good reason for dismay, but I don't think managemment is directly culpable for the current set of circumstances. This is probably a minority opinion, but I don't know that they could have done more. With regard to their financials and audits, they've done double the work and paid their new form re-audited their prior 10-Ks and 10-Qs.
But in the end here we are. The market reflects the frustration we all feel. Deciding or figuring out the best way forward is what the company is doing, and it's what we as investors are going to have to do too.
So what do you think about this move Randy?
Yesterday's 8-K also records the following appointments:
"We have appointed Marc A. Bruner as the CFO, Secretary and Treasurer. Following such appointments, Mr. Bruner holds the CEO, CFO, Secretary and Treasurer positions and the board of directors consists of Marc Bruner and Konstantine Vatskalis."
Just saw an 8-K was filed yesterday.
"On October 13, 2020, our company announced that, effective October 8, 2020, the following individuals have resigned from our company:
•
Michael Caetano (Director, COO, Secretary and Treasurer)
•
Robert DaCunha (CFO)
•
Brett Matich (Director)
•
William N. Via (Director
Looks like the Alberta Stock Exchange's CTO ( Cease Trade Order) continues to frustrate managemment and hinder Fortem's prosecution of it's business plan.
http://ih.advfn.com/stock-market/USOTC/fortem-resources-pk-FTMR/stock-news/83485781/current-report-filing-8-
It would seem to me that some market maker (? or whomever) is just trying to develop some sales volume to develop a little interest o disgust in this issue. Lower is better if you’re buying, unless it goes bkrupt. The volume here is so insignificant, but then information is not freely flowing from this issue either. Oil n gas is not an area screaming buy buy right now with their low prices. When those prices turn up again this could be several times it’s current stock price.
Down to $0.35. Ugh.....?! What a joke this is. So disappointed. No volume, no news, no anything!!!
Citrati - We seem to have had similar whispers with what to buy. What we all have been told is this company continues to make deals and we'll hear about all the goodness after the the relisting on the TSX. The problem is I think that has been 1.5 years or so and counting on the relisting. I am not saying anything positive or negative here. But the complete lack of volume here..., Randy - I think you are the only one unfortunately buying more. I'll wait until $0.01 or less like H3NC.
Just what makes this a buy in the short term?
Oil prices dropping.
Oil shale companies whether oil or NG are in trouble again.
FTMR talked about their Alberta fields, yet they are heavy oil and have very small margins comparatively.
With prices where they are in the industry what incentive is there for FTMR to do anything?
Yes, I am a loser, here, HENC and Tera Nova. I currently don't believe anything a positive poster says. Particularly any who continue speaking positively after years of multiple stock failures.
Just my negative nancy and experience biased view.
Show me the money, not the hopium.
All IMO only.
Chart pretty much sums up my negativity.
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