The big question is..........................
How much cash is left in the pot????
How much of that (if there is any at all) has to be set aside to fund toxic debt, expensive leases, production costs, overheads, reporting and consultancy fees, etc. etc.
The bottom line is that to go any further more cash needs to be raised, it will be difficult to raise institutionally because the figures speak for themselves and paint a dire picture. The alternative is yet more dilution with the inevitable decline in share price.
The lower the price goes the more shares need to be sold to add the same amount of funds so on and on goes the relentless downward spiral while the directors still get paid and no output takes place.
They've been telling you that the production start up is imminent for over 12 months now!!!
FLPC isn't the only company doing this but it is doing it very well. A massive shake up in the way these companies can trade needs to come and it will be hastened by more of us investors complaining about it to the relevant authorities.
