Foothills Exploration Inc (FTXP)

[saxonia40271]

How can it be that the company allowed conversions at 0.000045, when they could have easily raised a multiple of that price, on the open market, by hitting the bid? It should have been possible to get the necessary cash to avoid the conversions. And what kinds of terms are these, anyway? Four zeros is below the stock‘s par value, and below the minimum bid on OTC Markets. It almost looks like a violation of fiduciary duties.