Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
That doesn’t mean what you think it does.
The current state of $FTXP has absolutely zero to do with “bears/shorts”.
“Feels strongly”…. yea that was my whole question. About what? Just hoping to catch a run with no relation to the actual business. You’re at least transparent even if unintended, I’ll give you that.
I’ve seen some low IQ responses, but the jump to time travel when asking an objectively simple question on A BOARD MADE FOR DISCUSSING SAID INVESTMENT is quite possibly the saddest one yet lmao. Your representative of the social media investment gurus forged in the once in a generation bull market. Might have made some money in spite of having no idea what the hell you were doing… and still don’t. Good for you though. Hope you don’t need a Time Machine to understand what happens if FTXP doesn’t post financials soon though. Can’t argue with an idiot, especially when they lack the ability to understand how profoundly stupid they sound.
Please elaborate on what argument was provided for $FTXP going on a run. Like the conversation stated:
-A/S now 50B
-FTXP filed for an extension on 10-Q and did not meet the obligation as of right now.
I see no counter argument or any argument at all…
So your argument is…. this random person on twitter not believing in FTXP makes it a keeper? Is that a qualitative analysis tool I’m not privy to?
Next announcement will be a reverse split and/or raising of available shares. Company has no way to get out from under this debt without further obliterating shareholders. Just wait and see.
I tried to warn this board.
Those who listened to Houdini (Gannicus) learned a tough lesson on this one.
To clarify when I say “pay back” I’m assuming you know I’m referring to.
You would find details about their “strategy”, specifically just how nominal the value has been. Additionally, when you look at the terms on the loans used to finance these wells it’s a net negative for what they have to pay back.
Bids at .0001. You were calling a 10x at .0025.
Very funny indeed lol
Gannicus got real quiet lol
“Then why isn’t it trading at .0001”
Well that aged poorly.
Nothing will happen here. FTXP took advantage of unprecedented volume / valuations in the OTC to rinse investors and settle most of the mountain of debt they accrued through years of terrible operational and financial decisions. Investors bailed them out based on the supposed 100’s of millions in value that was right around the corner. Now they are mostly debt free and investors are awarded with a heavy bag while insiders shouldered none of the burden…. Because they own virtually none of their own company.
What factors does T53 take in calculating his price points because he surely isn’t considering the changes to the share structure
For the companies your referencing, do they often have 10-15 times the amount of outstanding shares that they had during their initial run?
So now that this play is continuing to not play out how you predicted, it’s now just performing like the rest of the OTC. No OTC in the oil sector with actual assets has performed worse then FTXP.
I thought we were definitely getting a bump during the first oil bill run and if not the first definitely the second.
It’s pretty cut and dry. They went on a year long campaign promoting FTXP as a solid investment. Paying for promotional posts, dropping numerous PR’s about “progress” while really meaning nothing, and attending conference after conference regurgitating the same old news.
Now that their tactics have grown stale and they can’t motivate investors with the same old BS you don’t here much from them.
They were able to execute what they needed to by using investors to settle debt and raise capital.
Based on the companies last quarterly and the likely dollar value of equity raised for the additional shares, they still have significant outstanding debt.
You are corrected I accidentally misquoted you but financials will also confirm that dilution is not close to ending. It’s all right there in there financial filings.
It’s misleading at best to indicate “dilution may be over” when it’s a verifiably false statement.
Throughout your entire time in this play have you ever taken a step back and thought maybe this “widespread coordinated manipulation” is not this huge factor I’ve perceived it to be and it’s mostly due to the companies previous and current decisions?
Shareholders have single-handedly bailed them out their previous ineptitudes and certain bankruptcy and they have no sense of urgency or feeling of fiduciary responsibility to provide any value at this juncture.
Take a look at some of their previous “promising” projects. All of them have either been entirely underwhelming or the deal fell through due to financing or some other BS. Their actions right now are very telling.
They’re floundering at a time when they could be one of the best opportunities in this market.
The bid is now at .0004.
I disagree with this prediction on where the stock is headed in the near-term.
History will clearly show that anytime there is significant volume it’s accompanied by dilution.
It’s expected. Just look at the convertible debt still outstanding on the companies most recent financials. Much more maturing in the near term as well. A little DD does wonders.
As expected an additional 300 million shares added last week.
Be at 15B-20B soon here.
In other words roughly 15k worth of volume was at either .0006 or .0007. Impressive indeed.
Yea we know. They’re probably spoofing the bid to get people to hit the ask and people still are not willing to pay .0006.
Documenting bid and ask spreads to better track the erosion of his investment.
This board would much prefer that individuals are mislead but some lunatic trying to offload his bags than to allow people to freely call out the absolutely absurdity of his statements. Keep up the good work.
Many stocks ran, FTXP didn’t. Even with all of the volume which according to you was all the stock needed. This stock has not followed any of the paths that you set and re-set for it. It is not hitting .002 this week, next week or anytime in the next 3 months for that matter. In fact FTXP has done basically the opposite of most everything you’ve predicted. They are not drilling this quarter, most likely not drilling in this year.
You have officially lost it my man lol. That is wild even by your standards.
Anytime volume kicks up the only thing that follows it is 300-500 million additional shares hitting the float the following week.
I’ll admit that if FTXP didn’t have to settle millions more in convertible debt the stock would move just on the strength of oil alone. Sadly per their financials that’s not even close to the case.
Did Trader53 even give up on this too!? Lol took him long enough.
It’s a losing battle. This is just a sad echo chamber of people just consoling and telling each other this is a great investment. As it continues to hemorrhage their money. You can’t reason with this level of delusion….
Interesting. I don't usually see tickers with "locked floats" trade upwards of half a billion shares and go down. Must really be locked tight.
You are correct. They use an aggregate share price between .00035 and .00105. So the max shares is what you stated. If all shares are sold at .00105 proceeds would be 6 million but if they are sold at below they would still only be able to sell 5.7 billion. Attachment 3 of the offering clarifies.
Correction to my previous post: the offering is for over 8B.
Only ones making money off of this are the 5 very well paid company executives and a few other entities. Definitely not shareholders.
“The float is locked up” as they offer over 5 billion shares at .0007.
Yea it’s locked up alright…. Locked up in trips now lol
There you go, amended 1-A with a revised offering price of .0007. Man, these guys really know how to squander an opportunity. Well at least they’ve made millions to cover their absurdly undeserved salaries while owning less than 1% of their own company. With such a promising “asset” you would assume they would generate some momentum rather than giving shares away for virtually nothing. Floats definitely locked though with the billions of shares constantly added to it lmao. I vaguely remember someone saying .0005 is the low. We will see about that lol.
“Easy 10-bagger at .0025!!”
According to them, onsite operations were supposed to start in Q3 of 2021. How can you expect to start that long ago and today 6 months later still haven’t even submitted the permit application? Only realistic possibility I see is the company really has no idea what they’re doing.
Few more ticks and he will hit his first target lol.