RE: No Share Consolidation For FO...Its so typical that people that lack intelligence of thought or the inability to defend a position resort to name calling or screaming.
Mnay of these poeople believe in the philosophy that: "He who can scream the loudest must to right." also, they resort to vulgarness to portray their views as objectively correct.
Seldom does EOIM answer a question directly.
I am fully aware of EXX and PHUN (which at one point you recommended buying), Galaxy, etc.
I am also aware of UPN, whose success dwarfs the failures of these 3.
The key is that the downfall of EXX, etc. does not mean FO will fail, just as the success of UPN does not mean it will succeed.
EOIM is on record as telling people to dump FO shares at the $0.40 level saying a major consolidation is near. That is a fact. I dare EOIM to deny it.
Now Exxon is it. That's huge. And FO has another $25 mm in cash so balance sheet pretty strong.
And with shares up 3X from its lows, why would FO do a consolidation anytime soon.
Sure, if Exxon fails to advance the project FO shares probably will collapse. At that time, a share consolidation is possible, even likely. But a lot still has to happen before we get there.
To assume FO will consolidate before results from Exxon's work is concluded is sheer "bashing" with no basis in logic.
I'm sure EOIM will not want to counteract these arguments because he has no logical basis to do it.