Foothills Exploration Inc (FTXP)

[Bountiful_Harvest]

I think it would be wise to watch "both" Conference videos (June 23 and August 4). Some on twitter are taking snippets from the June video, while ignoring the updates/changes in the 8/4 video. Links for both are posted in the ibox.

This post will focus on the 8/4/21 Video:

CEO states in the Conference video on 8/4/21, "they were able to" minimize dilution by eliminating all variable convertible debt, to the tune of fending off 15 Billion shares of dilution. So they were not just trying to minimize dilution..they did minimize it. To further clarify, CEO stated, in latest video Conference, they will no longer issue variable convertible debt, AND by the end of "this Quarter", they look to no longer issue convertible debt as well.  - Video time stamped  ~16:20 to 17:45.

Based on details shared in latest announcements/conference regarding "potential" JV partners, the financial aspects could change on any given day here. CEO stated they are looking to develop projects through "non-dilutive" financing (project-based financing)- time stamped 22:40.  Keep in mind, the latest video conference was posted on 8/4/21, so as business is fluid, it's possible that even more things have changed in the interim. CEO stated he is not at liberty to discuss JV negotiations - time stamped 22:25.  I found that to be an interesting statement.

As pinkylady pointed out, OTCX (known diluter) has been sitting at .015 for a few days now. That's another indicator to keep an eye on. 

Onsite work "this quarter" - TS 20:30. 

Also of note, as stated by CEO, they now have a million dollars in the bank. Video time stamped at 11:50.

OTCQB - CEO states in 8/4/21 video that they have now moved onto the OTCQB uplisting phase.

They hope to have this uplisting completed by the end of the year. Keep in mind that the "minimum" OTCQB share price requirement is .01, which means they will likely need the SP to trade well above that minimum level for that 30 day period to avoid any dips below that threshold.

All OTCQB companies must meet the minimum bid price of $. 01 per share at the close of business of at least one of the previous thirty (30) consecutive calendar days; in the event that the price falls below $. 01, the company will begin a grace period of 180 calendar days to maintain a closing bid price of $.

www.legalandcompliance.com/securities-law/otc-market-compliance/otc-markets-listing-requirements/otcqb-listing-requirements/

CEO further stated, they hope to reach the OTCQB share price requirements "organically".  He used the word organically multiple times. Interesting use of that word:

ORGANIC GROWTH:

https://www.investopedia.com/terms/o/organicgrowth.asp#:~:text=What%20Is%20Organic%20Growth%3F,through%20the%20company's%20own%20resources

No guarantees in any stock, but FTXP seems to be a cut above other OTC stocks, with great potential.