Foothills Exploration Inc (FTXP)

[Mister Silver]

Mixed feelings on the update.

Regurgitated news, but at least it's official now.

They keep focusing on repurposing wells. This is fine and all, it does create value. It leaves a rather large question though.

Why are they not focusing WRB?

By their own admission WRB is their star asset with millions of barrels of oil located within.

On top of that; someone should link Kevin the case you linked the other day setting the precedent that any amount over the set % is usury, and it does now include share conversions. More elegantly; This company doesn't need to pay back the usury loans as per the NY ruling, and as such if he just doesn't provide the loans to the loan sharks who have already killed the share structure, he can't be made to pay back the predatory loans and conversions. Like the conversions he literally just mentioned in the update; by NY law, he does not need to repay.

It could be considered shitty, but I think predatory loans are shittier.