Replies to post #7451 on Foothills Exploration Inc (FTXP)

[Truenorth2016]

2 BIL shares Outstanding is nothing...I have been in many plays this year that ran to .01+ with 5 BIL or more outstanding...

[fly_fisherman]

I have started tracking...



3/29/2021 2,086,277,111

4/5/2011 2,136,277,111


I don't know what the prior o/s and date was prior to 3/29/2021. Now tracking. 5 - days we increased 50 million shares. During that timespan we traded over 1.55 billion shares.

The O/S is very strong imho for an oil/ng stock and 900 million dollars in oil supply with much much more potentially in the area. This doesnt include NG or the NLG for transport.

If we see 2.5 billion even 3 billion we are in GREAT shape!!!

I was impressed in only 50 million diluted for that timespan.

[lumpy9200]

Agree with your assumptions except for one thing, the fundamentals. The business fundamentals are same as before, no issue[/quote]

This, to me, is the most important thing bar none. I totally understand that technicals often have a big effect on short term price action. But long term, a great company that is growing will not be held back by stock chart technicals. I know many otc traders are looking for immediate returns, so the idea of waiting a few months for a multi-bagger just isn't their thing. But I'm great with buying an excellent company on the cheap and patiently waiting for the huge gains that I'm positive are coming for FTXP. Buying shares over half off from Monday's close? Works for me.

I dont know if this drop was caused by a need to fill the gap from Thursday/Monday spike higher, or if the drop is people spooked by EEE*NF, or any other reason that isn't related to the company fundamentals. All I know is this will prove to be an incredible buying opportunity. And buy I did...

All just my humble opinion, as always. Everyone have a great weekend. I think next week this starts moving back up