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It had a shot.
They diluted into that shot and removed that shot from the table. I know you just want your money and you don't want realistic outlooks. The realistic outlook is that no company can dilute that much without impacting their share price and price outlook.
At least prior to this you could argue locked float for the most part. You can not argue that when they dilute at bottom.
The amount of cash that would be needed to overcome their dilution is too much. 4 billion shares we know about; roughly, that are available to dilute. That's 400,000 dollars worth of shares at 0.0001, and 200k at 0.0002. Which means, that those 4 billion shares are then worth almost a million dollars with a share price of 0.0005. Those shares alone add 2 million dollars of buying pressure that needs to occur by the time it gets to 0.0010.
Now let's look at the shares people bough between 0.0010 and 0.0030+.
Those are all at negative values until it gets to that share price. Those shares are 'locked' at above those prices, which meant any run would only have to deal with the weakest of hands on the way to those SP's.
Now you have to deal with millions of dollars of profit that can be pulled at any second moving forward.
Probably because he was lying. Unless you think he dumped about 1 trillion shares over 3 days.
First thing in the AM.
Love the smell of -napalm-, I mean dilution...in the morning.
You're going to tease 'notable exceptions' and then not tell me what those are?
Higher OBV means higher buying pressure....as they re-enter a dilution cycle.
Mmmm. I do not believe we can out perform their dilution.
What was OBV previously?
I have. Hence -> Bearish.
0.0001 not low enough valuation of FTXP.
Another dump of dilution at these prices and this will not be capable of surpassing 0.0010. It just can't happen if they dump again.
It will unsettle the balance that took about a year to achieve. All the buying of weak hands means nothing if they dump this dilution as they intend to at these prices. Diluting at higher prices would not be as detrimental.
Agree, and I think the bullish sentiment is about to reverse to bearish.
Could say more, don't want to. All of it's been discussed. Kevin is a detriment to the company.
Mixed feelings on the update.
Regurgitated news, but at least it's official now.
They keep focusing on repurposing wells. This is fine and all, it does create value. It leaves a rather large question though.
Why are they not focusing WRB?
By their own admission WRB is their star asset with millions of barrels of oil located within.
On top of that; someone should link Kevin the case you linked the other day setting the precedent that any amount over the set % is usury, and it does now include share conversions. More elegantly; This company doesn't need to pay back the usury loans as per the NY ruling, and as such if he just doesn't provide the loans to the loan sharks who have already killed the share structure, he can't be made to pay back the predatory loans and conversions. Like the conversions he literally just mentioned in the update; by NY law, he does not need to repay.
It could be considered shitty, but I think predatory loans are shittier.
That's the type of content that should be promoted and shared.
That's top tier, but I don't think most investors can comprehend the impact moving forward, or rather the potential impact.
Twitter Sentiment and frequency of FTXP mentions has increased.
Sentiment change is drastic. Mentions rate is slightly to moderately increased. Volume past 2 weeks had some significant volume.
I can see heavy volume coming within the next few weeks. In the event Foothills drops something wild like a drilling permit (WRB) or something akin to that, we could see some of those higher price targets people have been calling. (I've read 0.01 - 0.20 and AI prediction models are showing those numbers; Which correlate with human speculation price targets)
You'd be hard pressed to convince me that we could make a penny or higher without drilling news. Anything under a half penny is possible by a small breeze of the wind. All speculation I've read as to the current average shareholder SP is above 0.0020
Below Color Codes
Red = Historical Price
Dark Blue = Likely Price Range
Light Blue = Speculative Maximum Range
This is getting interesting.
It may be related to solar flares. We've been hit quite hard past few weeks; way more than usual. 3 x class solar flares in a week; vs the usual 10 per year. Fairly certain the sun then had another event shortly thereafter, which was one of the biggest ejections of (I forget the word) in many years.
These cause technical issues with computer systems. It seems to me that companies with large amounts of computer systems are the ones with issues. Meaning the amount of computers per 100 computers hit by the electromagnetic radiation and shit must be relatively low. Low enough that home users aren't experiencing many issues, but large groups of computers are just getting hit with random chance. I'm sure some home users are also frying out their computers, having drives wiped.
Point is that large systems are going to be the ones going down because they need the computers within the system to be working. Whereas if a home user loses his computer, everyone else is still connected.
We should hope the sun stops hurling crap our way, because if it doesn't - the worst case scenario is the complete eradication of all digital information.
Known Systems Affected: YouTube, FAA, NYSE...
This is from WalletInvestor. This is their AI prediction, the dark blue is probable, the light blue is what it thinks is maximum possible. (Red line is what has already occurred)
It's showing probable @ about 0.01 and maximum of over 0.20
I wouldn't take it too seriously, but...this is also the range humans have been calling for the past year, and they were taking into consideration current float and where float would be. I'd be genuinely shocked to see anything past a penny, but there have been trip zero's that go the distance. Don't know, can't say.
Chatter picking up on twitter, sentiment seems to be changing. Add volume to mix, and the accumulation that occurred before sentiment began changing and this looks like it's getting ready to spike. IDK though, just an observation. Truly think that when these types of stocks spike unreasonably, it's because MM's are controlling price. I realize investors can make the same spike through supply/demand, but I've also seen stocks push through their entire float and move less than 50% up before crashing down. (EXPR went up 100% recently with entire float purchased...and then some...before it crashed). On the other hand, I've seen stocks barely have buys compared to float, and run thousands of percents.
Just don't know, and only time will tell.
What makes you more optimistic?
You keep quoting a_doggo.
He's careless with his words towards others, but his info is good. He tells you why, why not, and what to expect for each case.
He just posted about gas being diminished by a million barrels per day (I think that's what he said).
What's that mean for FTXP? I'd ask him, but he'd go off on me.
That roughly 6 billion share offering was cancelled. They settled prior debt for approximately 4 billion shares with Labry's according to last fins.
That's 6 billion shares we don't have to worry about coming from FTXP.
Them not stating who the unaffiliated investor is; is odd. Below I quote fins about Jefferson Street Capital, LLC. They are also an unaffiliated investor, yet they quote JSC by name. Why aren't they providing the name of the investor/group for this? It makes it hard to see where it fits in with data within financials.
Oh, that's really cool, they reached an agreement with Jefferson Street Capital to retire and extinguish their stock warrants issues in 2019. What about the shares issued in 2020? 2021? It's hard to even remotely comprehend what they have paid and haven't paid, because every time they claim they wipe out debt, financials show they are taking on new debt with the same horrible terms while publicly stating they are paying off the last of their debt. "Last of debt" means 'no more debt' to me....and anyone who understands words. Kevin must not understand what the word 'last' means...nor most any other words given the terms he accepted on said deals.
How can this debt exist if they've been claiming throughout 2021 that they had ONE more lender to repay?
They either lied on paperwork, or lied when giving presentations. Those presentations are available online, and can easily be downloaded and kept, showcasing the contradictions. (They lied during the presentations for those who have trouble extrapolating data or meaning from this).
Is it really a global settlement agreement? Are we going to see more shares going to Larby's down the road? How many times have they claimed to have paid it off in the past? They've been so shady that it's hard to take this as what it's stating it is. It's stating it wiped out the Labry's debt.
Then again, does Kevin even remotely understand that the world global means all encompassing in this context? It would mean...to any rational person it would mean that any prior deals are ALL settled through the providing of 3.9B shares to Labry's. There should be no more shares going to Labry's.
Another aspect that's worth looking at is the "20% daily volume limit". I do not see a way for them to enforce this.
All said...if half of what they say is even remotely true, we're in much better standing then we were last wek, last month, or last year. If they are blowing smoke up our butts, we're in the same position. That position being one very close to 'doggy style' wherein we all bend over and get * * * * * *.
That's the one aspect going in our favor. I'd be way more concerned with stock price if shares weren't held at significantly higher prices.
It's still shit, any way you cut it...but...it's better that a large portion of shares are held at higher prices. Somewhere between 0.0010 and 0.0030, I've roughly averaged them to about 0.0020. Some are holding shares from prices above that.
I'm not happy with my average despite being below the average price shares are held at.
Further, when this did drop, some people sold for significant losses. I'd wager half the float is tied up around 0.0020 and the rest is held for prices below 0.0010. Approximately 4 billion were purchased last mini-run. 4 billion are held by labry's, and you know they will sell into the bid when and if this runs, and it's entirely possible they already sold about 400 million of those shares in the past 2 trading days. They should have limits, but I doubt they'll abide by terms as the terms seem unenforceable.
I fully expect any run to be hindered by management, but I also plan to be out if this does run, I'm not waiting for them to kill the stock again.
Like...if they legit just fucked off for a few weeks/months, the stock would correct itself and find a higher price over that time period. The issue is that they are diluting faster than money is coming into the stock.
Management really screwed over a lot of people due to their bad decisions, and they hid these decisions behind lies. We should all expect plans to go south, but they flat out lied about how many shares were left in dilution.
It is really hard, because on the one hand, I take responsibility for all my investments and I don't sweat losses. That said, there is so much this company did wrong, that taking full responsibility is just not right to do. If this company can make a man who holds themselves more accountable than 90% of people say 'this one isn't on investors', then they probably fucked up. I'm still taking responsibility for my investment, but I'm more than be willing to call a duck a duck without putting the burden of 'take responsibility' on other investors. In this specific case, I think it's more than fine for them to be upset with management...but for the most part, I'm treating it as a learning experience.
I have no idea with this stock TBH.
I don't see how it could get enough interest to be an 'in play' stock. The amount of cash it would take seems unreasonable even if you factor in how many shares are held above 0.0020 (Rough SP during their heaviest dilution cycle).
I mean, ya, if every share was available at current SP, it would be like 3 million to buy it all. You gotta figure at least 6 billion shares between current SP and 0.0020.
Once it hits about 0.0020, all those people holding at higher levels will flood their shares into the mix.
It's going to take anywhere from 6 to 12 million dollars hitting this all at once to reach about 0.0020.
I'd have believed it could a year ago, maybe even 6 months ago, but now? I don't know anymore.
It looks like they are not abiding by the terms set forth in fins.
It stated something akin to a limit of 20% of daily volume. That's what Labry's should be able to sell every day, of their 4+ billion shares they have.
It looks like they did not abide by those terms, and instead dumped 250 million shares today.
It's what I would do. I'd lie to Kevin about terms he can't possibly ensure are upheld, then I'd dump them. He's already giving them the shares for a fraction of current share price....which is a level of stupidity that only Kevin could muster. What do they care if they sell them all at 0.0001? They got the shares for a fraction of the lowest price any of us could pay.
We'll see. As it is, I'm starting to think they will finish up bending over shareholders then dismantle the company.
Yeah, despite oil price changing, they've not redone the estimated value.
It should be close to double that; the issue is that they aren't drilling. They're acquiring the land and sitting on it.
I'm going to be honest; if you read through their fins, it's not a good look.
Looking at their pending legal history, they have a history of doing what I've only heard about people doing on movies like 'War Dogs'.
At one point they partnered with a company, had them finance everything under the agreement they'd pay back half the cost...then ghosted the other company. Didn't pay a cent. Judgement was default, and appeal was filed.
If you look at their history of taking on loans, they routinely DON'T pay them back prior to 2020. They took on loans for absurd rates...because they never planned to pay a dime back. 2020 hit and they are hit with an opportunity to wipe out all debt and make money on shareholders dime. A free 'out'.
They did the classic scam thing, where they borrow money, then pay back an extremely small sum comparatively. This appeases the person who is owed money. Who then thinks 'if I shake the boat, I'll never get any of my money back', so they took a few grand and in return, the debt of hundreds of thousands was extended.
Eventually, 2020 came. They royally fucked up by not cancelling all debt shares, filing an offering, and using that method to repay debt. Instead, they allowed all those crap terms they never intended to repay eat their company way more than an offering ever would have.
They didn't do the above, because from their POV they were just too excited to get the debt off their back in any way possible. They opted to think for not a single moment, and abuse shareholders in the worst way.
This is a ponzi scheme at this point, if the opportunity comes to get out (as it did with past investors). I'm taking the opportunity without batting an eye, because in the moment after that opportunity, will come another crash induced by poor management and predatory debt.
That said; one major shareholder has a major reason to pump this. They hold roughly 1/3rd current float as shares owed to them, but they are also restricted to selling 20% of daily volume. If there are 100,000,000 shares sold in a day, they can sell roughly 20 million themselves. Not sure how they'd even remotely enforce this, as it doesn't seem enforceable, but those are the terms.
Today's Thursday.
Fundamentally, my opinion of any and all stocks is: "All stocks suck. Take your gains."
I don't trade based on the stocks fundamentals, I trade based on the chart.
Since swapping from fundamental based trading to chart based trading; I'm up multiple hundreds of percents.
I see this hitting between 1.50 to 1.80 as the low before a run. Run size depends. I'd say 2.50 is minimum the run will be. Maximum will be 6.00. With 3.00 to 4.00 being fairly reasonable price targets.
Price will be maintained at least one week, chance of forming multiple cup/handles off multiple levels as it climbs.
Staying in past initial run may make you more money by multiple 100%, but risk goes up incredibly. That's where fundamentals would start to come into play, and there's no way in hell this is worth more than $6 per share. I'd expect a pretty hard crash when you get to those upper bounds.
It's incomplete information though, because we're still forming the bottom and my opinion will change based on what occurs over time.
Definitely been building support levels the entire way up.
Looking good for a mega run.
Admin did heavy lifting.
It was needed, eventually people will be looking for DD, and the boards need to be up when they do.
I provided a small packet, and I'm sure by the time people come looking for DD, other users will be providing tidbits.
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When gasoline was extremely low during covid...Kevin pumps oil on his twitter
When oil is high, Kevin pumps Hydrogen.
The level of incompetence is astounding.
- Taking on loans and issuing shares far below market value.
- Not prioritizing proper assets
- Hiring his girlfriend to take on 'Hydrogen' (Go watch her presentation; What an absolute joke of a person)
- Constantly telling investors the new sets of loans were ABOVE market value, then financials showcase the truth.
- They could have done a share offering directly to the people...they only began to do that at the end of 2021...and haven't actually sold any of the offering yet TMK. Had they done this from get go, they could have about 1/4th the float, and about 4x the capital in their pockets.
1 of 2 things is true.
1.) Kevin got panicky because his old loans had high interest rates he needed to pay back. He took on every loan he could, even at horrible rates in an effort to keep his head above water. Accidentally fulfilling the definition of Ponzi scheme.
2.) Kevin knew exactly what he was doing. The loans only exist on paper, no money swapped hands. He then issues himself/friends a far greater amount of shares under the guise of paying off debt. In this way he can cash in until he hits his A/S limit, while blaming the debt.
There is reason to think it's option 2. Specifically how he continued to state they were taking on loans at rates above market value, only to turn around and provide terms at below market value.
It's intentionally deceitful, and if he'd lie about that directly, it indicates he's probably ok with lying across the board.
Lied about WRB as well, and outstanding debt.
End of day, pumpers and hopefuls will convince themselves his lies aren't lies, and that he has some grand plan. He does not, he's a con artist and if any opportunity arises in the future, he'll abuse that as well.
The only good news is that penny stocks don't rely on fundamentals for movement. They rely on pumps. Pumps don't care if the company is a scam.
see
u
next
time
You want me to look at a podcast for investment advice?
No, that's why I read financials, monitor floats, and keep a feed of all my stocks.
The opinion of a pumper is irrelevant, because I'm not his audience. His audience is anyone looking for someone to tell them where to lose their money.
We should hope they go quiet. It's better than anything they have to say.
Silence = investors will speculate.
Speaking = Investors will listen, and not invest because nothing they've been saying since pre-December has made a lick of sense.
They at least bullshitted a business model prior to that. Since then, nothing has changed and anything they do say has been terrible.
I feel bad for Jarvis. That's it. He's a defeated man, and I saw the look in his eyes when the one fucking positive thing he's done for the company was noticed. A little bit of that fire came back for a second. If he stays with Kevin, he'll stay a deadbeat.
He needs to break from that guy. You can tell of management, Jarvis is the one who at the very least...at one time..had passion,
O/s increase 500M last week.
It's immediate dilution from cashless warrants.
The terms are so disgusting that if you loaned ftxp 1k, you'd make about 8k with current prices and terms of loans.
Ya but the all time chart history seems to indicate a run in the future...just nowhere near previous levels.
The notes are not convertible at the rate you're suggesting.
If you read the newest note; It's convertible at "0.0004 unless...another note was written for less or shares were provided for less" - Shares were provided for less; so they get to convert their shares at something ridiculous like 0.0000249 (Yes, 4 zeros not 3).
They are quite possibly the worst offenders on the market right now.
Meanwhile, N****'s over there talking about hospitality industry....which the company isn't involved in.
This could see a resurgence in the future, but if anyone is expecting them to produce anything other than hot air, they need to reconsider.
This is totally in the 'loading' zone, but it's really hard to justify loading when there are literally countless other stocks that are not only going to hit the loading zone today, but will also hit the 'sell off' zone in the same dang day!
Gotta make the smart move and invest in the stocks that have movement now. FTXP is probably going to pop at some point over the next year or two, but it's not really known when, so any money invested becomes dead money until then (if ever).
I bet fake money Kevin is highly leveraged in Hydrogen and that's why he won't stfu about it.
Post new rule it does happen that fast.
It may be Tuesday that it technically goes Expert if they miss filing on deadline day, but it does happen that fast.
I'd be genuinely surprised if they failed to file and it was still tradable longer than a few days.
If they miss the deadline, they do become untradable by most people. Sell order only.
Look at your link, look what day it is tomorrow.
Like I said, they may become untradable tomorrow if they don't file in time. That's the day it's due.