Fortem Resources Inc fka FTMR

[RandyKCMO]

All I know for sure is that it has been pretty tough to endure.

There were days when my account was deep into six-figure profits. Not so much anymore. :(

From what I've gathered from the financials and other intel, the CTO is at the point where it should be lifted almost any day (but it's been at this point for a while). There is no doubt that it has really kept the company from accessing investment capital and from carrying out its business development.

Add to this the COVID collapse of the economy and in particular the oil and gas industry, I would say FTMR has had a weather a pretty major storm.

HOWEVER, as the company has yet to access substantial investment capital and initiate the development of its properties, the cost of such development has probably come down substantially. This might be me looking for a silver lining to this cloud, but being a contrarian is pretty much who I am.

It's clear the timeline for monetizing this investment has certainly been extended. But assuming the US and world economy return to normal at some point, oil and gas will recover... and the projections of the companies PP presentation will at some point be realized.

http://www.fortemresources.com/wp-content/uploads/2019/05/Fortem-Corporate-Presentation-v8-05142019.pdf

One would think that once the company puts the accounting and subsequent regulatory issues behind it, we will see the stock price stabilize start trending up. The company has been quite disciplined in the number of shares it has issued. I'd have to go look, but I don't think the outstanding shares has changed much over the last 2 to 3 years.

Well... I guess we'll have to see what the future holds.