It would be really nice if the CTO would get lifted soon.
I've not spoken with management in a while, but I think they are as frustrated (or more so) than anyone else... hence the board and officer resignations.
On the bright side with Biden Administration canceling oil and gas leases on public lands, I would think privately owned and existing oil and gas properties will become more valuable.
Not to mention that oil was recently flirting with $70 per barrel... investing in oil and gas will probably be becoming more in fashion.
I could be wrong, but right now I think buying up these low-priced shares was a good move.
FTMR has always had a pretty tight share structure. If the CTO gets lifted and the company can move forward with its business plan, I think we will see a substantial appreciation in share price.
And then factor in... the big bids that are still hanging around are probably indicative that there is somewhat of a short position. If I bid for shares at 35 and to 45 cents... the bids also creep up.
Guess time will tell!
Watch for opportunities with those you trust.
