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By Boyan Angelov
Nov 21, 2014

Falconridge Oil Technologies, Corp. (FROT) Maintains Positions On Territorial Expansion

On Wednesday, Falconridge Oil Technologies, Corp. (FROT) issued a press release, announcing the company has entered the Asian marketplace by securing a technical services agreement with Terra Upstream Technology SDN, a Malaysian company. Under the agreement, FROT grants exclusive marketing and representation rights for its Terra Slicing well enhancement and oil recovery technology.

This was the first update that came from the company in the past couple of weeks. FROT went through a setback about a week ago, with a sharp correction, followed by a quick recovery. Apart from this event, there have not been many hesitations for FROT stock, since the company initially gained recognition last month.Falconridge Oil Technologies, Corp. stock chart

Falconridge Oil Technologies was not a familiar name on the stock market until October. Since then, FROT has been well traded, with decent to good volume and few hesitations. Still being a relative newcomer to investors, the company should be evaluated before jumping to conclusions based on the recent stability of FROT stock. The venture's latest 10-Q for the period ended August 31, 2014 contains the following input on Falconridge Oil Technologies' recent financial history:

  • Cash: $979
  • Total current assets: $11.5 thousand
  • Total current liabilities: $1.8 million
  • Revenues: $1,497
  • Net loss: $57.8 thousand

There has been no notable change in the financial aggregates of the company from the previous quarter. As it stands, the overall picture is by no means optimistic. FROT has a very limited amount of cash and assets to operate with and a very high sum of accumulated liabilities. The venture has had no success in its sales and has ultimately ended the quarter at a loss.

As disclosed on page 7 of the report, FROT has received a loan for funding its operating costs and shared expenses by an entity called First World Trade Corporation. As of August 31, the sum advanced to Falconridge Oil Technologies was $1,462,090. It should be noted that the firm in question is reportedly controlled by an undisclosed shareholder of FROT.

FROTThere is a relatively small amount of input on FROT's financial and corporate history. The same could have been said about the company's business direction up until last month. It was at about the time that Falconridge Oil Technologies disclosed its plans on pursuing the development of the Terra Slicing Technology™, that FROT stock started trading well.

At this point in time, there is still a limited amount of information on the company available. Investors, who are looking at FROT stock as a potential investment, should do their own due diligence on the company.

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