Replies to post #13571 on Foothills Exploration Inc (FTXP)

[Mister Silver]

That's the one aspect going in our favor. I'd be way more concerned with stock price if shares weren't held at significantly higher prices.

It's still shit, any way you cut it...but...it's better that a large portion of shares are held at higher prices. Somewhere between 0.0010 and 0.0030, I've roughly averaged them to about 0.0020. Some are holding shares from prices above that.

I'm not happy with my average despite being below the average price shares are held at.

Further, when this did drop, some people sold for significant losses. I'd wager half the float is tied up around 0.0020 and the rest is held for prices below 0.0010. Approximately 4 billion were purchased last mini-run. 4 billion are held by labry's, and you know they will sell into the bid when and if this runs, and it's entirely possible they already sold about 400 million of those shares in the past 2 trading days. They should have limits, but I doubt they'll abide by terms as the terms seem unenforceable.

I fully expect any run to be hindered by management, but I also plan to be out if this does run, I'm not waiting for them to kill the stock again.

Like...if they legit just fucked off for a few weeks/months, the stock would correct itself and find a higher price over that time period. The issue is that they are diluting faster than money is coming into the stock.

Management really screwed over a lot of people due to their bad decisions, and they hid these decisions behind lies. We should all expect plans to go south, but they flat out lied about how many shares were left in dilution.

It is really hard, because on the one hand, I take responsibility for all my investments and I don't sweat losses. That said, there is so much this company did wrong, that taking full responsibility is just not right to do. If this company can make a man who holds themselves more accountable than 90% of people say 'this one isn't on investors', then they probably fucked up. I'm still taking responsibility for my investment, but I'm more than be willing to call a duck a duck without putting the burden of 'take responsibility' on other investors. In this specific case, I think it's more than fine for them to be upset with management...but for the most part, I'm treating it as a learning experience.