Replies to post #2123 on Fortem Resources Inc fka FTMR

[buccaneer1961]

oh,ok

[236T568]

actually, wrong

the FTMR CEO and CFO were prohibited from trading FTMR by the Alberta Securities Commission. Any thoughts that they volunteered to do this is just flat out false. This is very severe and rarely done.

regarding the financials previously filed with the SEC - they included false and misleading figures, and that is why FTMR was forced to state in the 8K that 7 of its 10Q's and 1 10K could NOT BE RELIED UPON and FTMR will be forced to RESTATE these 7 sets of financials

this is not a good thing for FTMR, any way you look at it

All it means is that the Alberta Stock Exchange agreed to issue with the Management No Trade Order (MNTO) that FTMR management requested during this interim period.

The management of FTMR applied for it and received it. Until their fillings are caught up they've committed themselves to not trade the stock (which I highly doubt they were doing anyway) AND to provide bi-weekly shareholder updates. Yesterday's press release was one of these updates.

Other than a restriction on management's trading of this stock, the stock is trading normally for everyone else... so it's pretty much business as usual for them and everyone else.

Also, as I understand the filings there were no material misrepresentations (or lies). The issue at hand has to do with accounting and classifying the acquisitions that were made.