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The rights are expired, so unless Silver Bell renewed the contract on their terms with money upfront, and clauses drafted by myself and sent to Silver Bell for his appraisal, X2M has no chance of leasing the Mine unless things have changed over the last four or five years?
FLPC Never Mined the 1000 tonnes of Ore held somewhere by X2M. This Ore had a very low yield, just a few percent and the assying/processing of this Ore would be too costly, hence it's still in X2M's charge. FLPC used Stockpile to claim it was THEY who mined it, but it was your father, so it appears they lied about that too. FLPC as a company NEVER initiated ANY Detonations toward Mining. It was all down to your father. All they did was inherit the Ore and left to cause damage to Jerry (or Gerry) Whyte's land to which they never paid rent for years. It was only when 'Nevada4news' latched on to the story as details were reported, they eventually paid up back rent, removed the Ore but caused damage to their land. I'm aware of how the paper had gotten hold of the story.
Hi.
Having followed the progress of this company for years, it was very clear to me that this company was operating a 'scam', but arranged in such a way that it was legal...sort of! However, how they worked it was very clever as these guys have had previous experience, helped along by William Voaden who tried to get funding to assist in furthering the company to mining. It was my impression that funding achieved would be announced to encourage investment, but that funding, like all the rest would vanish in 'costs' and 'trousered' accordingly! It was never going to work. Each time they announced on going progress such as Liberty Mill, it failed at the 11th Hour and they couldn't pay any premiums because either company had 'no money'. All their other ploys for alleged mining. Fencemaker was a set up with their little movies to try to get people think mining was ongoing. It wasn't. it failed by design every time. Two or three men working from a rented office could not possibly have the resources to Mine, so it was all bravado.
All the funding from shares was redirected into the company and paid to the Directors as 'costs' for consultancy and services rendered. They new full well what they were doing, but whilst your father put so much time an effort into 'Stockpile', it was used as a platform to Hoodwink the General Public. There were never any recent Filings submitted by FLPC and years late. They never intended to, so it was eventually dissolved and they were barred from trading through default. They knew this would happen and used it as a 'get out'.
The only way to bring justice to this company would be to take out a private prosecution for alleged fraud. This would be pointless and cost many thousands of Dollars, so I'd forget it and put it down to experience. If you trade though the SEC, DYOR and consider its operation based on FLPC. I have given up trading, simply because of the issuing of shares diluting the SP ongoing until the share price drops so far, (Like FLPC's did) they become worthless. The only way to work Penny shares is to trade on highs and lows but never for the Long Haul as the chances are you'll lose most or all of your investment?
FLPC is finished and gone and are now/were trading on the strength of X2M and Fencemaker as 'theirs'. Unsure what's going on now but I was in touch with Steve Vogal of Silver Bell Mining who owned Fencemaker and between him and I, made it clear that FLPC would NEVER get a renewal of the contract in order to scam other, especially now they are trading as X2M Strategics but as far as I know, Steve V. won't let anyone connected to use Fencemaker without a new contract, plus they locked Fencemaker's gates to keep them out. Any interference by those connected to FLPC would be treated as Trespass. This info. was discussed with me for years by Silver Bell and to the best of my knowledge is correct unless I too was spun a yarn?
Silver Bell wanted NO dealings with FLPC or anyone at all linked to that company including X2M who used Silver Bell's land on their site map to perhaps at some stage, encourage interest in their company. Note that Don Nicholson was 'Chief Cook and bottle washer' with numerous titles on X2M in the early stage...not sure about now, but he was Director, CEO, Treasurer etc. and a jack of all trades, so I wouldn't trust that company in case it became another FLPC...IMO? Good luck, sir. C.E
My Father (Richard Brown, Previous owner of Stockpile Reserves) originally mined the ore from the fencemaker mine that is now stored as collateral (by X2M)before he passed away in 2011. As his heirs ,we were given shares in FLPC/Don . But now I have no way of knowing who to inquire about these shares. If anyone has any insights I would be happy to share more details so we can get to the bottom of this.
Stockpile was not setup by Don. My Father, Richard Brown created stockpile reserves and had rights to the fencemaker mine. WHen he passed away Don/FLPC bought the rights to the mine and stockpile reserves.
My Father (Richard Brown, Owner of StockPile Reserves) originally mined the ore from the fencemaker mine that is now stored as collateral (by X2m) before he passed away. As his heirs ,we were given shares in FLPC. But now I have no way of knowing who to inquire about these shares. If anyone has any insights I would be happy to share more details so we can get to the bottom of this,
My Father owned stockpile reserves before it was sold to Don Nicholson and FLPC iaeound 2012. I and a few others who held stake in the company were given significant shares of stock at the time First liberty power company before it is was sold to FLPC. That was over 10 years ago. It appears a series of untruthful or even flat out lies have been told to shareholders. My father Rick Brown (previous owner of stockpile reserves) put his soul and heart into this company and now it seems either through mismanagement , fraud, or other schemes that the company and my shares are now worthless?. I am reading the company has been sold. Any help in understanding what to do would be helpful as I don’t want t to let the board of this company get away with theft or fraud
Those 'Super Sacks' of about 1000 Tonnes of near worthless Ore, were removed from Jerry Whytes land a few years ago and taken to a different location which I am not aware of. They may have even sold them, who knows. All those sacks made a big mess of his land and they didn't clear it all up properly either.
It is also possible that FLPC's new company, X2M Strategics...same Directors, MAY be storing it as collateral to promote this recently established company but just guessing?
As you know, those sacks were mined by Stockpile reserves, a company owned by FLPC. The only Mining they did, but I think Stockpile was a 'set up' company and run by Don Nicholson who was in charge of everything...Jack of All Trades, then sold back to FLPC for shares...all very clever as it appears overtime, all the finances 'circulated' amongst the Directors to their own ends!
Once FLPC was set up, THIS company was IMO, the attraction to obtain investment, pay the directors loads of money for consultancy and other things to legally move the money about, etc. etc.
X2M is as far as I know, going nowhere but they DID use Silver Bell's Fencemaker area to try to promote X2M as 'their land', but neither FLPC nor X2-M could not negotiate a new contract because of the Terms & Conditions they could not or would not comply or sign up to?
Silver Bell wouldn't negotiate a new deal on the F.M Mine with FLPC simply because of the distrust of the Directors of FLPC who were not trusted enough to honour the conditions to the satisfaction of the Mine Owners, so a new contract of sorts was cleverly drawn up by 'Silver Bell' deliberately designed to keep Bob Reynolds and Nicholson from 'abusing' Silver Bell's mine and making false claims, so the Mine was blocked off to stop FLPC etc. from gaining access ...how do I know about the details...a little bird told me!
ATB
C.E
What ever happened to those super sacks of ore they “Mined“
You are so right but they have covered their tracks pretty well and know how to play the system. Everything is in their disclaimer is 'our' risk. Passing the Buck to us. The AIM UK) (Alternative Investment Market) is largely unregulated and with Penny Shares, like these, the only winners are the CEOs who have a free hand to say and more or less what they like with impunity, then close or sell the business and change it's name, take the money and run?
They can spin carefully crafted yarns which need to be true to some degree and that often inflates the price, but what they say doesn't have to be true or come of anything with 'Varying market conditions'. So many factors puts the Kybosh on their 'Promises'. For example, how many years did they ramble on about their "Restructure", or their promise to submit the Filings which they never did. Much of the money that was invested went to pay 'Staff' for 'Services'....what crap! Creditors were paid with worthless shares so they lost out. Money was just 'laundered' away...(Something I knew about as other parties had an interest in the company, ie local hot shots out of the Public Eye.
This afore mentioned "Restructure" always noted in inverted commas to denote a metaphor of sorts, was, as I see it, the Transition from FLPC to X2M Strategics...nothing to do with FLPC at all, then they disappeared without any bye or leave...I knew it would happen?
What they did in the background was probably illegal but so in depth, nobody would ever consider making a legal case of it and they knew this. Then consider the costs to the Lawyers and the risk of losing the case...It's a non-starter as costs would mount into scores of thousands of Dollars plus their legal fees if you lost the case.
It could only be taken through the Courts by the Police if it was proven that a crime was committed...who will bother...nobody, as the SEC would be inundated with cases. Lousy rotten thieving bastards is about right, but they don't care, won't care. They were banned from trading anyway because the broke the rules about the filing submission time (also in Canadas Stock Exchange too by breaching their rules! ) and I also never believed they had an accountant company in the first place, or at least their later 'new' company due to costs...they probably made it all or most of it up?!!
FLPC was a 'try on' company set up to screw the Shareholders from start. I told everyone YEARS ago this was a SCAM and so it was proven to be. All alleged of course!
Fairing much better than the shareholders they stole from.
Bastards like this should be held accountable and put in jail.
I wonder how Reynolds and Nicholson are fairing on their new Sc...venture...X2M Strategics. As you may know, the X2M 'Land Claim' was in fact identical to Fencemaker but Silver Bell wouldn't grant them a new Lease due to previous 'complications' and other dubious issues when FLPC started.
X2M'S Map of 'their' Mine actually isn't, so they need to find more land unless Silver Bell decides to draw up a new contract with X2M which is highly unlikely!
I have been in touch with Silver Bell for years and between them and me, we have discussed lease T's & C's which doesn't remotely favour X2 unless (Unlike FLPC) stump up loads of cash under a very strict agreement that can only do Silver Bell good, but not X2 which is essentially a similar company to FLPC with the same idea but "Restructured"...that was the FLPC "Restructuring" program, to shift 'the business' with at least two directors to another location.
I'm no Legal Eagle, but I saved Silver Bell thousands in Atourney fees by assisting with the basics of a new lease to X2 should it have been necessary. FLPC approached Silver Bell for Contract Renewal, but as the terms favoured Silver Bell in very respect, FLPC either had to pay up or decline... it was declined, so FLPC couldn't continue 'trading'. Besides, they were blocked by the SEC for many reasons so no shares could be traded anyway. It was like it for years.
As yet, X2M doesn't trade Minerals and exists by name only...just like FLPC did! Don Nicholson being chief cook and bottle washer! He had fingers in many pies...some which were 'dissolved by design'.
Most of the cash was (Allegedly) 'moved' to start this new company which is one reason why FLPC owed so much as it used existing 'spare' funds for their so-called new venture!...Allegedly!! This is why they quit owing millions of Dollars A lot was paid overtime to the directors in 'Consultancy fees' and 'general running costs', all very well engineered...but we can't see EXACTLY where it ALL went as they never submitted ANY filings with the details...LOL. A very crafty well planned move at the expense of the Shareholders...at the last count, there were less than 60, by FLPC. Run by very shrewd and knowledgeable Directors...who deserve to be taken to task, but it won't happen as it's all 'Small Beer'?
Best wishes CE.
I still got 3 million
I am still showing 12 million shares in my TD account.
Sadly, they have no value anymore and you should write them off as loss...if you can. If per chance FLPC came back which they won't, and were listed again on the SEC, you could sell them for almost nothing...a few Dollars probably...better than losing the lot, so I should resign them to the Scrap Heap which is what I did with my $8000 UK shares...all trash...now worth $65..if that?
So what I supposed to do with my 3million shares
I think, that if you just collate all the information over the years, along with all the innuendo that was spun to try to impress folks about Mining for America and the 'Pathways of Progress' yarn, all that Ore that was just left to languish in various back yards, actual proof isn't really needed because to many of us here, it's obvious. Problem is, the BoD is clever enough to cover their tracks and write off everything as a legitimate expense as they wished.
If a case is brought, which it won't be, actual evidence would only drawn in the form of in depth cross examination. You don't need to much physical evidence to prosecute, but the method and way of trading is sufficient for a decent attorney to base it all on propaganda, and this can manifest itself in various forms. There is enough in writing over the years to be able to form a conclusion about the overall legitimacy of it all. Staff payments, how much, how often, what for and so on and they way they'd try to qualify it. There is a myriad of information to get their teeth into....but there are so many small penny share companies about, unless serious, it would be a waste of time unless it were brought about by a private individual.
It's been staring us in the face for years but everything they did has a means to an end, and it would cost tens of thousands to dig into the running of FLPC. UK companies are just the same, we all know what's going on and I only know of ONE case brought about by a guy called 'Brokerman Daniel' a very clever trader who decided to take a company to court for alleged fraud of a Penny Share scam. Plenty of colourful language took place, but the CEO WAS prosecuted and convicted!
Peter Landau of Range Resources Oil was another. I lost hundreds in that one, and he too was a rogue (Australian) and was also convicted of Multiple Fraud, had his assets frozen. The outcome, I don't know but he was a qualified Barrister!!
PPA and FLPC are linked by method only, no direct connection, even though Nicholson Snr, and now Jnr are family which is why Willy V, moved to FLPC. The plan was brought over. I take my hat off to them for actually pulling it all off AND getting away with it...so far!
With X2M, the maps show the Fencemaker region which is why Bob Reynolds approached Vogal for a new contract so he could carry it over to the new company so FLPC could, as it were, call upon X2M as a possible sponsor to FLPC as an 'affiliation' of the two firms, just like Stockpile and FLPC...one of the same that Mined the Ore. It worked once until Stockpile was sold to FLPC, for an undisclosed amount of shares There was no deal and neither will there be. Paperwork for the request for a new lease DOES exist!!
Whether they work out or not is down to the risk of the Shareholder. It's a volatile market with high risk high reward, and LTH for Penny shares is not something I would ever do again. These are mostly good for the seasoned Trader and whilst we may be able to apportion blame for reasons why they don't work, it would never get as far as a Court Room because we all knew the element of risk in the first place, covered by reading the disclaimers and warnings that "You could lose most or all of your holding", before you even start! I chose to continue and lost the equivalent of c$10,000. I also won about $4,000 so the net loss is obvious. What really niggles were the lies and deceit that our PPA spun on the way?
Sadly, the UK LSE and your SEC is a licence to print money for CEOs and there's no case to answer! We would wish there was. If it were that easy, I doubt the Penny Markets would exist because in the UK, there isn't any proper Regulation, just a code of conduct to adhere to. It's JUST about legal, a Golden opportunity to do just what they liked and not answerable to anybody if 'it didn't work out', even on AGMs which we could attend with Qs & A's which were full to bursting with ambiguities. Just like PPA...we were well and truly Screwed...just like FLPC :(
IF that were to happen it would be highly illegal.
There is no proof, evidence or facts that ever happened with FLPC, let alone assuming it will happen with X2M.
The tired old Bob and Don "trousered" a bunch of investors money has been speculated but never a shred of evidence to prove it.
No SEC investigation.
No investigation by any federal, state or local agencies or law enforcement.
FLPC did mine antimony technically, just under their subsidiary. It was not a completely different entity.
All you need to do is check with the state of Nevada.
Records are there.
Yes, FLPC is dead.
Who knows what happens from here with X2M.
It's a private company so you can't buy stock in it even if you wanted to.
Voaden and PPA? Not even relevant.
That was a UK company.
Nothing to do with FLPC.
As with any other, pink stock, you take a gamble.
Nobody's retirement or kid's college funds were invested here.
It's very unfortunate it ended the way it did.
Anyone with shares can always take a capital loss against other gains if they want to.
LUKE: (X2M as you know is run by the same people as FLPC was...past tense). They've moved on, feathered their nests with the proceeds of FLPC, and this will probably be a last ditch attempt to make money for their retirement?
The paradigm is quite clear, 'BeWary' knows, I know and Pitman33 knows that am couple of the guys here have been involved in the PPA Scam, the FLPC Scam and it will be the X2M Scam...IF they get off the ground. Waxman, it has been VERY Obvious that the BOD was up to no good. They could never ever have had a proper successful Mining business with what they had money wise, it was just not do-able?
They played with he minds of the shareholders from the start, just as Voaden did with PPA. FLPC approached Silver Bell for a new contract but SB was never going to give them to opportunity to re-lease the Mine. They don't want that land for FLPC now, it's for X2M...exactly the same land rights but they won't get it! Silver Bell has other ideas, but not with FLPC. All X2M would do is to sell their business like they did with FLPC and operate a game of words should they ever become listed on the SEC again.
They have 'new blood' on the company but I will watch with interest to what transpires. FLPC is History and has been for years. For those who have followed Bob Reynolds' emails, you see that each time he sent a reply, it was a reworded version of his previous letter and the one before that and the one before that....any fool could see it. They NEVER intended to Mine, it was just clever play on words from start to finish.
To get involved with X2M...and I know nobody will, would be a very foolish thing to do. The FLPC BoD has proved beyond doubt, they were a rogue business, obvious by the lack of progress across the board, only to see the Debt increase, Creditors paid in near worthless shares to see the spiralling of Toxic debt mount up and up and no way of seeing where all the money went because no Filings were ever released!
FLPC was such an obvious scam, you couldn't miss it if you had paid attention until the Mine was locked up and FLPC was barred from going on to S/Bell's land. So many
words as good as 'promises': Liberty Mine, the Movies to trick people into thinking they were actually Mining, the 1000 Tonnes of Ore, the processing of said Ore, the Filings which were due, Bobs admission to me to file for Insolvency several years ago, their admission of no money, the claim of the Directors putting their own (your own) cash from their pockets into running the business. This alone would have said there's no money left. Not only that, it was impossible to know the true status of the company because were no records to see...for what, nearly ten years. No Internet because they didn't pay the server, the wanting of a sponsor...nobody came forward. You could make a film about it.
The whole thing was like a huge Jigsaw Puzzle. Every now and then, a new piece was added. There was NO WAY these guys were ever going to mine. IT would have cost MILLIONS and they just DID NOT have the money. What they had was Squirreled away and qualified on various Filings which was paid out in 'Remuneration for services rendered' such as 'Consultancy Fees' to Don Nicholson who was the treasurer and high cost expenses...what a lot of Poppy cock. It worked for them as they intended but not for anyone else.
SCAM of the highest order, and no big deal on the water flood licences...it was pointless but granted to make it LOOK like they were about to Mine...no chance.
I can safely say..."I told you so". One has to open one's eyes in order to see. Mine and few others were WIDE Open! The PROOF and evidence is in the writings over time. Put it all together and there's the evidence!
Cheerio folks, the Book will be out in due course..Project Fencemaker by A.N Timony. 150 Pages of pure Fiction! It could sell a million?
Good day folks
Xman I hope you are right about the saga continuing but what does X2M getting off the ground have to do with us?
No, it's not clear that was their sole intention?
No, it's not clear Silver Bell was conned?
That's heresay.
Yes, we wait and see if X2M gets off the ground.
The saga continues...
With FLPC, yes, they were willing to Mine on the property, but they never put their money where their mouth was because they never had the money to splash out on the logistics, so they played the game with words right from the start. It was clear that was their sole intention?
Despite putting up a website asking for sponsors, nobody was forthcoming, mainly due for the lack of viability and the amount of effort and cost to extract low yield minerals. Also, any sponsors would have wanted to assess the business plan and projection based on...well not a lot!! It would never have been profitable. Also Silver Bell ( as I was told), was 'conned' into signing a worthless and ambiguous contract. FLPC knew what they were doing, but because the Attorney was worse than useless, it was passed without properly dissecting the Ts & Cs...not the fault of Silver Bell, although it appeared there was a degree of naivety about the owners?
When it came to taking action against the Lawyer for his lack of professionalism but he died so no case to answer.
About two years ago, Silver Bell was approached by FLPC for a new contract but were refused a renewal...at any price as S.B were in the process of talks with alternative businesses...so they said, but was all put on hold due to the Pandemic. S. B has other major plans for the area and VERY ambitious. Although I cannot say what the plan is or was, it's unlikely it will come of anything as it was rather pie in the sky.
The problem with the two sides is mainly ethics, and S. B knows how FLPC worked before they moved on to X2M, and based on that, S.B didn't want them on their land, and a renewal contract was declined. However, that was two years ago, so maybe it's changed....money talks, but maybe things have or will change in time but unlikely...not with FLPC but X2M?
As you may know, X2M was using the same region to promote their new business, (shown in the topography from their web site), but bearing in mind their apparent lack of finances, X2M will be a very similar set up to FLPC, but with new Staff apart from Don and Bob, so what weight and strings they will pull remains to be seen.
FLPC only exist by name, nothing else, so I'm watching X2M to what plans they announce over the coming months and years?
If FLPC had proved a reliable and honest business from the start and did what they were supposed to rather than Bob writing variations of his worthless words, it COULD have been a viable share. It was clear from the first few years that it was a non-starter. There simply wasn't enough money to see it through. Two or three guys in a virtual office were never going anywhere anyway and they knew it.
Regards
CE.
And what has Silver Bell done for all these decades?
FLPC was the only company willing to mind on the property, which really isn't their's.
They only hold the rights to a slab of land.
Not the mining rights which FLPC has owned for years.
FLPC paid for the mining claim for Fencemaker and other properties in the area.
FLPC paid all the fees, geological and environmental studies.
FLPC paid the state and other regulatory fees.
Silverbell is just holding a piece of land.
I don't hear of any activity or other players rushing to mine Fencemaker or anywhere else in the matter.
Such a shame the two parties couldn't come to an agreement.
X2M may or may not get off the ground.
That remains to be seen.
I'm sure investors will be wary.
It will depend on what the plan is and whether there is a viable way to extract rare earth minerals with reliable partners.
Otherwise, a reverse merger could be the ticket to help investors recover some of their money.
Well Folks, it's quite clear that FLPC has had it and will never return. Not so much as a bye or leave from the CEOs. I thought this would happen...just to disappear without a word and chuckle as they locked the doors. They new what they were doing right from the outset, many of us knew too that they were out to screw everyone here and succeeded by spinning lie after lie after lie.
They took all the money, put nothing back and LIED about mining. They LIED about the Filings...It was SO Obvious that they were out to scam all and sundry...and succeeded. Pitman, BeWary and myself were all very well clued up as to how this was going and how it would end...all shareholders lost every single Penny of their Holdings never to be seen again. Just like PPA and that alleged Con man Voaden,. who shafted every shareholder on that company, only to apply his technique to FLPC and the so-called tin-pot Mining company FLPC never truly Mined ANYTHING at all. Reynolds and Nicholson were no better, all working hand in glove with the help of numerous alleged outsiders.
I am SO pleased to have been able to help Jerry White and his wife get payment for the money owed. It's about who you know and how to go about it!
Don't forget about X2M Strategics, also owned by the same rabble. Stay away from them.
FLPC racked up at least $2-3 Million debt and won't pay back a solitary Penny. We knew it would happen and they have trousered the lot to their own ends...So obvious what was going on, many here too blinkered to realize?
How would it have ever been possible for just two or three men to run and pay for a Mining Company on ANY Scale, Mine, process and sell ANYTHING of any consequence to a profit. IT was IMPOSSIBLE on their pathetic little budget with nobody willing to sponsor them...they saw through the scam. They showed pretend movies on Facebook to try to Hoodwink they were actually 'Mining'...they weren't and never did. They just 'bought' and filmed a few workmen to drive a small 'tipper truck' in and out of a mine, along with a 'Caterpillar' 'Dozer' out of Fencemaker to pretend they were working....NEVER, just dropped a few Dollars to a guy and told him reverse in and drive back out again.. What a bunch of tricksters. One day, they will get what's coming to them, that I'm sure of?
So, Bob & Don you succeeded without actually succeeding based on your disclaimer, your intention and you knew it. You got what you wanted based on the gullibility of the majority of shareholders falling for your scam, but not I. We sussed you out years ago so you never had a single Cent of my money.
BOB and Don, you are now Named and shamed for all to see. Perfectly above board to do so because those who rumbled you were right all along. X2M will fail because I know that you won't EVER get near Fencemaker or surrounding area EVER again...not at ANY price! You lost the Mine...so face up to it...LOST and never to get near a Mine in that region again...people are wise to you and have been for years...Silver Bell WON....YOU lost!! Great result for Silver Bell who safeguarded future Shareholders for being conned. Great!!
WEBSTA: I can confirm the letter was sent by FLPC to Silver Bell re. Mining. Silver Bell did reply...but not in favour of FLPC!!
There will be NO Mining by FLPC, but there never was in the first place. A few detonations by Stockpile doesn't really constitute proper Mining until it's processed and sold. Anyway, to all intents and purposes, FLPC is and has been dead in the water for years.
Bob & Co. will have to try to 'work' their next 'Flanker' with X2M to the best of their inability! Why people should trust X2M when they couldn't trust FLPC with the same operators, I don't know. X2M is virtually finished before it starts as they are counting on using the same Land area on their Webpages as FLPC...ie Fencemaker. They don't have any hope in acquiring any of that land for lease anyway!
X2M has NO chance of much success unless they operate a plausible bluff to 'Pull the Wool' over everyone...again. If Shares become available under the X2M Trading name....be VERY cautious!
Cheers CE.
WESTBA: Whether or not Bob R. has really been in touch with Silver Bell either by Phone or by Attorney, I can find out.
As it stands, Silver Bell will not renew the Lease with FLPC so they will never Mine there anyway. Bob is on the Board of X2M Strategic so his continued interest in FLPC is probably nothing, but perhaps he will come clean and say how it is?
X2M states their 'Claim' is on the same land as Silver Bell and are using that to bolster their presence on the new site which Don Nicholson, Bob Reynolds has new interest in. If these to 'EX- CEOs' were remotely interested in progressing FLPC, you would have heard news by now Covid or not?
The 'Restructure' wasn't anything to do with FLPC, just a ploy. The 'Restructure' was almost certainly to set up X2M and wash their hands of FLPC, although it says nothing about X2M 'Incorporating FLPC', neither will it be affiliated with FLPC because FLPC owes too much money, so once they announce their Insolvency (probably), they will be exonerated of all debt.
The chances of X2M being yet another 'money spinning scam' is very likely, as was Stockpile Reserves and the yarn about FLPC and mining 'For America'...! Lets hope they don't try to sell shares as well?!
These are the latest answers that I received from Bob.
On Jun 17, 2021, at 8:08 AM, Bob Jr. <bob@reynolds897.com> wrote:
We have sent out an Attorney drafted letter stating the current situation clearly and the proposed next steps with no response. As of this morning, no response from SB management or shareholders.
I will revisit this again next week with our legal counsel.
Regards,
Bob
Sent from my Android Phone
On Jun 6, 2021, at 7:38 PM, Bob Jr. <bob@reynolds897.com> wrote:
?
I am waiting on some feed back from an attorney on final letter we sent out concerning the lease agreement to Silver Bell mining ownership. If we receive no response, there will be no way to restart mining.
I will give a better update within the next two weeks.
Regards,
Bob
I think many Share sites have hangers on for discussion and to vent their views?
FLPC hasn't been declared defunked by the Directors and I doubt they will. For a few of you guys, it has effectively been 'out of commission' for a very long time, but Bob Reynold's e-mails have never stated this. He keeps writing all sorts of Codswallop, but has never been forthright or honest about the status of the business. I think that many CEOs simply wash their hands of their Penny Share businesses once they have made a lot of money, then just vanish into the ether, just the same as on the LCE AIM in the UK?
Honesty is NOT always the best policy. 'Least said, soon is mended', but I don't think so, as people's losses will smart for a long time to come. I also feel that to bring some sort of closure to FLPC, a polite notice from the Directors would be politic and at least may go some way to appease the remaining Shareholders, but doubt we'll ever see this?
Only once, some years ago he admitted that he was going to file for insolvency but decided not to. It IS now dead in the water, but after all the people who have supported AOL and stuck it out, The CEO should at least have the decency to offer some form of notice to this effect?
I think that once the Filings had been overdue for three years (now it must be six or seven years), that to many of us indicated they had no intention to ever do it and just let the company slide into oblivion, which it has.
SHAME ON BOB REYNOLDS and DON NICHOLSON. I Hope that X2M Strategics fails miserably, because as I mentioned, the 'Mining Sites' and area IS in fact the same as Fencemaker and I know for a fact that they will not be allowed anywhere near Silver Bell's land ever again! !
It is kinda funny how peeps keep posting about FLPC even though it's long dead. I guess it's kind of like a reunion of sorts for investors to say..."remember when we got scammed by Bob Reynolds and the whole antimony scam?"
Oh well.
We were all taken. Nothing much left to say here.
This is a possibility: "BAVARIA – German filament yarn business, TWD Fibres, has launched a range of antimony-free polyester yarns. Antimony oxide is used globally as catalyst in polyester fibre and filament yarn production processes. ... The Diolen Hypoallergenic yarns made by TWD see the use of antimony oxide replaced by non-toxic substitutes."
This may simply be fabrics but if it can be used in fabrics, that's something else, but the latest EV batteries may still need it...I don't know. Also, Puter has an amount of Antimony and Silver within it's mix, otherwise, you'd have to do a Web Search. China is the biggest industry supplier of Antimony...88% or so. It's a toxic and carcinogenic mineral but I cannot see a decline all the while EV's are on the up and the need for batteries is ever increasing. I doubt there's anything to be worried about if you in vest in a reliable BIG and proper Antimony Miner. Just DYOR.
Did some synthetic material render Antimony less expensive than dirt?
Of course... I must have meant can't not can. Thankyou. So this now means that trading is probably 'never' going to be possible. I wonder if perhaps a private case can be brought about to try to recover what seems likely to a total loss. However, would it be viable to even try as such a case would be so protracted and lawyers fees would be astronomical. I suppose if anyone has friends in legal circles, they'd be honest and say don't bother, you'd be on a hiding to nothing?
What a pity it got to this stage. In all honesty, heads should be on the Chopping Block?