Falconridge Oil Technologies Corp (OTCMKTS:FROT) has finally come full circle dropping down to where it first started and where I predicted it would end. The stock did trade well during the promotion however running from well under $0.50 to $1.60 a share.
FROT is a multi-million dollar promotion by The Moskowitz Report. The Disclaimer on the landing page frotinfo.com says ”Eclipse Marketing has budgeted $125,000 for the week of 11/17/14” which comes to half a million a month for the duration of the promo.
The Moskowitz Report last pick is VOIL which has run from $0.75 to highs near $3 per share on the back of a promotion that claimed ”enough oil to fuel America for the next 400 years”
The over the top landing page on FROT says ”FalconRidge, is the energy industry’s new golden goose…new gift horse… new great hope for the future. FROT is the greatest new hope for investors, too. Best I’ve ever seen. This tiny unknown, from what I see, is a natural-born blockbuster. The information you’re getting here could be worth a fortune to you.”
Falconridge Oil Technologies Corp (OTCMKTS:FROT) is a oil and gas technology company that specializes in identifying and accessing additional petroleum reserves that are usually left in the ground. Our value proposition is extracting new resources from wells that have been assessed as uneconomic. Using TST, FalconRidge offers operators a lower-cost alternative to drilling a new well, with practically equal performance results.
FalconRidge’s goal is to shift the industry and social paradigm away from new drilling and towards increasing efficiency of current extraction in existing well-bores to increase recovery of oil and gas. Thus, when widely applied, TST can add significant reserves to the energy resources of the world
FalconRidge employs an advanced proprietary excavation and hydro cutting technology known as TerraSlicing. The Terra Slicing Technology (referred to as TST) is used to enhance “dead” or non-performing well assets, essentially revitalizing the per-existing well and establishing a flow rate with a significant percentage of its initial production. By applying TST, an operator will retrieve a significant portion of the well reserves still locked in the ground. TST is applied to the following environments:
TerraSlicing may be used in virtually all environments and applications in the oil and gas industry. TST is applicable on land, or marine environments, and may be used for both Oil and Gas well applications, in vertical or horizontal formats. TST is the best option as an alternative to fracking.
FROT website is very well put together and proffesionally built, a big confirmation that there are big things coming here. According to them: Mark Pellicane, President of FROT is considered a visionary leader, and specializing in the areas of product development and implementation, Mr. Pellicane has had a distinctive career in the development of numerous technology, marketing, and financial companies. Mark has always attributed his strength and success to working with industry leaders and pioneers in the field and integrating strong team leadership values to the project at hand.
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At the age of 15, Mr. Pellicane was the youngest student accepted to a Canadian University and was educated at the University of Toronto in the field of sciences. Mr. Pellicane furthered his study in Business, and holds an Oxford MBA (Masters in Business Admin) from Hamilton College, Oxford, England. As an intellectual coupled with his working knowledge and experience, Mr. Pellicane brings tremendous value to the table, ensuring success for his initiatives.
FROT is falling a bit after topping out at $1.20. The stock hit an all-time high of $1.60 a share last month and has not been able to recover these highs since. The stock keeps coming back after bear raids but has failed to take out previous highs of $1.60.
Currently trading at a $52 million market valuation FROT has less than $1k in the treasury according to their last 10Q. The Company has mounting short term debt, minimal revenues and nothing to suggest anywhere near current valuation. Long term FROT could drop significantly once the promo dollars run dry, short term the stock has failed to take out $1.60 previous highs and is toast unless it can do so quickly.
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Disclosure: we hold no position in FROT either long or short and we have not been compensated for this article.