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Monday, 12/21/2020 6:39:45 PM

Monday, December 21, 2020 6:39:45 PM

Post# of 2645
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.

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