If this company was diluted any further it would almost disappear.
Looking to the future, and say FUT come up with A promising JV or hit decent oil ( not 35 bpd) Then it will be my understanding that further money Would be needed to fund such a find/deal, Thus making it virtually impossible to raise from The prices we are currently at. The only other solution is then to shut shop And launch a new prospectus, and with a min float Of 20c it would mean 100 of current FUT stock for 1 single Share. I could be wrong, but the dilution is probably the worst thing To happen. Now it would take some serious news to move SP, Furthermore Hero, In relation to your comments about the efforts of Managment, I leave you this for a thought, this Is how I see FUT in the past year
Share price crashing, was over 1c not to long ago Managment huge payrises (not justified in my eyes) Not a single milestone reached Atocha dead and buried with no $$$ to pursue The lake was supposed to be drilled..... Only getting a % of 35bpd Hardly a find in my eyes, Shareholders been left in the dark regarding status and direction. Also, Where was/is barnaby to go out n buy onmarket to show people he has faith in FUT. Sadly I AM a shareholder and would love to be proven wrong, but that is my perception of FUT
Cheers
FUT Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
