Fortem Resources Inc fka FTMR

[RandyKCMO]

I'm just sharing my perspective. Have I read and probably reread every filing and promotional material I can get my hands on? Sure.

I think there have been some unrealistic expectations. Have I believed some of these? I suppose to an extent. Have I projected and conveyed these? I don't think so. I think I've been consistent in conditioning my optimism on the meeting of the company's capital needs.

I have no idea know how the negotiations have actually gone, but here is my guess:

I've mentioned before my understanding of the way venture capitalists and financiers work. They promise the world and get you committed to using them for your financing needs. But then, when it comes to actually deliver funds, then the terms change and availability of capital suddenly dries up and the terms get changed from advantageous to disingenuous.

This is where companies basically "get forced" into accepting debt instruments that result in the issuance of millions and millions of shares. I can't think of the word for this type of financing at the moment... but I'd rather have no financing that that.

I think our management will get this done with terms that will be favorable. At least this is what I'm hoping. Time will tell.


Oh... and incidentally... the linked Company Presentation is pretty explicit:

"Fortem Resources Inc. seeks $34,950,000 for the development of Phases I & II. The later stages in 2019 and onward will be funded by the revenue generated from the four projects along with additional fund-raising."

The old adage is true... it takes money to make money.