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CE, my father passed away a week ago Sunday.
He put up a good fight, lasting until nearly 90.
My heart is broken, but at least he's not in pain any more.
(Sorry for the off topic post.)
You can bet the chinks are happy with the election results. They can keep stealin' from us and they aint' nobody gona' call their hand.
Hi everyone. Not sure whether to offer congrats to all or some of you here on the President Elect. From over here, Biden seems realistic but only time will tell. It's just as a shame that President Trump doesn't come out of hiding and face up to it. One would have thought that the most powerful man in the World would not shy away from his voters and the general public. It seems very much out of character?
The sad thing is, that the longer he keeps away, the more damage he will do to his reputation. Perhaps many of you find this all unnecessary and disappointing, but I would think that playing golf is 'Therapy' to get over the disappointment, then perhaps he will emerge with whatever reason he has...if one exists, and gets himself over his anxiety. I think most of us may take it hard in the position and need time to come to terms with the 'transition. Anyway, Congrats' to those who voted in favour of Joe Biden and commiserations to those who are Trump supporters. Of course, many of us here in the UK go through this as well every few years, but on a smaller scale, and we never hear the end of it, if the result is not what one expects?
You can please some of the people....as the saying goes, but let's hope that Biden can please more than he displeases?
(1KGW...I hope your Father is still in relatively good health?)
Regards
CE
I don't understand why the DOD can't see what the chinks are doing and throw up some roadblocks.
Well might help with financial support for aka First Liberty Power
Thanks CE!
Hoping for the best while preparing for the worst.
Well, hello 1kGW.
I hope your father does stay in reasonable health for long time to come. I have also been through this with both parents with failing health. It's tough, so I do empathise.
Father (Deceased 2010 Age 84) Ex Army from 1943, Government House after Army Training, then Administration who dealt with the overseeing of the troops leave passes. Mother (died 2018, aged 92) didn't join up as the war was coming to and end.
Grandfather and my Uncle Reggie who were WW1 veterans. Transportation of munitions and troops to the frontline in the Somme. He also 'collected' from the Field on stretchers. Dreadful job. Born 1890 died Xmas day 1964. Uncle Reggie who went 'Over the Top' into enemy fire, was gassed twice but survived. Died young...in his 30s due to a double dose of both types of gas.
I knew all bar one of my Grandparents and Great Aunts/Uncles, all born 1880's to 1890s, the last went in the 1980s. No Stories to tell due to me being very young in the 50's/60s, so I relied on Mom to tell me what she knew. Now, I am one of two sole survivors...the eldest of two brothers.
I have negligible Military history. ATC (Air Training Corps) for a limited time...1969. Leaned to fly 1975/6 but the cost was horrendous over here (Fuel Crisis of the '70s) so I quit after very limited hours on type. I could fly 'on my own' without instructor assistance...Fully Controlled Flight.
Best wishes to your father...stay strong for him which I know you will.
I are here. Just not obsessing, hand-wringing or speculating.
I'm waiting for something to happen with FLPC or XM2.
COVID-19 has slowed everything down.
And FLPC is currently not trading their shares and haven't been for many months.
When and if something happens, it will.
Investors can contact FLPC if they need an update.
I've had no problem communicating with Bob Reynolds.
Plus, I have many other things going on that are far more important than to constantly post here and obsess about this stock, including my 89 year old Army veteran father's declining health.
FLPC is just a tiny lottery ticket and nothing more.
I am, but I think that FLPC is a lost cause. Will monitor it though. With metal prices climbing to the sky, and higher, and the country becoming more desperate for strategic metals, someone may decide down the line to take over our operation, as well as nearby deposits.
As metal prices go ballistic, people will be clawing and fighting to find a company that hasn't participated in the resulting mining stock companies ballistic rises.
That would be us.
I don't think anyone much is around anymore, although I expect a few are watching on the side?
I think that any noise that is made should (or has), been directed at the Directors, but I think they are probably no longer interested in FLPC and are concentrating more on Don Nicholson's project as noted below.
His X2M Strategics 'Business', is only going to be about potential, but what I DO know, is that whilst he shows the area of Land with all the lovely Minerals in it, I know for sure that it is Fencemaker but makes no mention of it. In addition, I also know the FLPC AND Don Nicholson will not be Mining anything on this land anytime soon, nor in the future because they have no sponsors.
I doubt they could even afford regular Rent payments on the Mine given that if the management has to support FLPC, allegedly from their own pockets, they certainly won't be able to afford a new Lease (as and when), at was is around $10,000 per month, plus it's going to cost MANY Millions to 're-mine FM to a decent profit.
Neither FLPC or X2M will be nothing more than a Website with 'potentials' written about what may or may not happen. Also, FLPC is still on a ban from the SEC for non-compliance through the Filings farce for the last 7 years!!
Cheers. CE
Pitman: Hi
Just trawling through some info. and you may or may not know that Don Nicholson, Treasurer of FLPC, was also President of 'Pepper Rock Resources Corp'. It has a similar pattern to FLPC. This company was also Revoked by the SEC for not producing their Filings on Time! (2011).
This was a listed company, viewable on this website (PEPR). They were delisted years ago. Oddly enough, the patter (spiel) was the same as FLPC. Acquiring or say they were GOING to (potential) interests of 'X' percent in 'X' companies, but never actually doing it. Like Liberty Mill. So you see, they sold shares mostly on the same pretext as FLPC, then delisting!
You also know that good old Don has the X2M Strategics Co. which is possibly heading the same way, so it appears that Don has set up a few companies over time, to do with mining, and doing next to nothing but the bare minimum to generate 'working capital', use the cash 'for business operations', not doing Filings, then closing down.
Now this is all apparent, it has become very clear that FLPC, PEPR and probably X2M are running as scams to generate cash with doing no real work, then taking the money. A big Jigsaw puzzle who's pieces are starting to fit together!
Interesting eh?
GARABEDB:
This is BoB Reynolds contact email:
ir@firstlibertypower.com
If you do get a reply, it will sound as though he's doing as lot, when in fact, he's doing next to nothing that we know of. It's always been much the same. Rarely any progress to benefit the Shareholders, especially over the last 5 or more years?
If it's interesting, place it here. If you wish to do so?
I wrote to him last week, but I won't get a reply as it was blunt and to the point. Effectively, I said that FLPC is dead, so why carry on when you appear completely disinterested in your shareholders...etc.?
Owl. I did that a very long time ago, but they didn;t reply. probably as it was small Beer to them?
With Bob, you mostly get a reply, but what he writes is generally a revamp of past emails. Pitman33 will confirm this. So there are at least a couple of people who want then to come clean as to WHY FLPC is still in existence, despite their lack of communication over the last 5 years or more.
How many annual updates do you get, two, maybe three. Out of just a few, all it was, was to do with the Filings, the alleged "Restructure" and the revoking from the SEC. People need to know what's going on. It's not anything to do with Mining because they haven't the cash. It won't come from Bob as he say a lot, but tells you nothing. After all, I see one name on here who needs to contact Bob, GERABEDB so clearly he has an interest in this 'Company'.
I get numerous updates through from the Mine Owner, a nice guy, very communicative. He has informed me of a lot of detail about FLPC and also one of the Directors. Needless to say, I cannot place highly personal issues here as it is too sensitive.
i’ve tried reaching Bob to ask myself but i cannot it find any contact info. Does anyone have a good conch for him?
Thank you
Robert
Ok this a dead deal why are you so interested if what you say lease only that sounds like fraud you like call people call the SEC and filed a complaint you always wanted there heads on a stick now here your chance
Fencemaker was very viable. It was Mined in the 1920s and the 1980s, but I think if it were viable now, Mining companies would have snapped up the Lease by now?
I realise modern Techniques are very good, but it's costly. The amount of money required to carry out a proper viable Mining program is way above FLPC's depleted budget. Money was available a long time ago, but they never Mined. If you recall, they could have started with the $200,000 funding they were supposed to have received, but they'd never discuss it. Then that money disappeared.
All that's left is the Office, some Ore somewhere, No SEC lifting of the Block and still no Filings. It must be 6 years now. You are correct, they probably won't Mine They never did! It was Stockpile Reserves?
This is definitely looking like a scam, which is sad because it could have been a viable mine.
Years ago I spent quite a bit of time researching the mines in the area and the geology of the area.
The host rock in the area is quartzite from the Triassic period 252.17 to 201.30 million years ago.
Magmatic activity produced many antimony, as well as gold and silver deposits, in the area. One of the few areas in the U.S. to have minable antimony deposits.
There have been dozens of profitable stibnite-cinnabar (antimony-mercury) mines in the area, and it is conjectured that there are even greater numbers of unexplored stibnite deposits in the area.
Newer ore extraction methods, such as molecular recognition technology, make it profitable to mine even low-grade ores.
We could have become a profitable mine, supplying America with a critical metal, and at the same time, we could have acquired the rights to nearby antimony deposits and expanded our capabilities.
Looks like that will never happen.
Hi Pitman.
I was chatting to one of the Mine owners yesterday for updates, and it transpires they offered FLPC a Lease to the Mine some years ago for a moderate sum of money, but FLPC declined. They said they didn't want to actually Mine, but just wanted to lease it!
This may prove two things. Using the Mine Lease as a way to encourage the shareholders to invest in 'potential' and say what they would like to DO with the Mine, but not actually DO anything, which they have done very well!
Despite renewing the Water Pollution Permit, for which they paid the authorities c$1500, to try to give a degree of credibility to themselves and to give people the appearance of 'progress'. The Rhetoric from FLPC has worn very thin, so we all know that the company will remain 'inactive' on the Mining front.
Had FLPC offered regular news updates and showed physical progress, they would have been more believable. Sadly, updates were only one or two a year. Even then, these weren't real news, just to mention the Filings were being progressed (ahem), and second, to mention that the SEC had revoked their Trading Licence until such a time all Filings were made available for all to see.
Hardly the way to promote a Mining business. It's becoming a clear cut case of deliberate misrepresentation to Shareholders, knowing full well they were going to get working capital without doing any real work. I think to most of us, this is very underhand tactics?
By now, everyone will have been able to see right through the ruse like a new Windshield, so much so, that it's growing whiskers! Isn't that right, Pitman?
Westba:
Bob wrote: "At this point, the company has deferred the funding for the outside accounting portion that is needed in order to return to the stock market.
These days, the funding that management is providing is focusing on re-establishing the mine operations in conjunction with a mill operation".
Mill, what Mill. There is NO Mill linked, owned or used to FLPC OR any Funding. They will NEVER Re-establish Mining operations as there was never any mining in the first place, and there will never be. It's taken 11 years to get nowhere. Liberty Mill failed due to an apparent lack of, or rejected payments in the first instance, then it was shelved and we heard no more of it.
Sorry to those staunch holders, but Westba has just been fed a whole load more BS, the same as I and others have had over the years, so WESTBA, I hope you don't believe it. FLPC cannot return to 'Mining' when they have $1.65+ MILLION Toxic debt with ZERO lenders who will cough up to a company that has about a decade of ZERO cash flow IN, and turned ZERO profit.
It costs many many tens of thousands of Dollars to run a producing Mine. FLPC has never produced or processed even ONE OUNCE of Ore to a Cents worth of Antimony...I'm sure you are aware of this anyway, so don't be drawn in by what he writes?!!
I know! I have written to him many times and all I got was a reworded version of all the others. He never did or ever intend to progress FLPC any further than just paperwork and a Website, so if he IS involved with Don Nicholson's X2M Strategics, we all know where it will lead to.
This is likely to be his last attempt to claw in money from prospective punters and build up some working Capital via the sale (if any) of Shares. If it's obvious what is going on, then it won't succeed. As you know, I have watched very carefully how FLPC works...or doesn't, and it certainly hasn't been in favour of ALL the Shareholders except the Majority Holders to ensure that full control is maintained by the management.
Don has had numerous companies under his belt and still has several others, a few which have been dissolved. Whilst they are all legal as far as we know, it will be worked right up to an inch of legal. I think if taken to task, it may well be proven that it has all be set up to misrepresent the general Public. There is enough to go on, I think?
I have received this message from Bob yesterday:
"The company continues to work on recovering the mine operation.
At this point, the company has deferred the funding for the outside accounting portion that is needed in order to return to the stock market.
These days, the funding that management is providing is focusing on re-establishing the mine operations in conjunction with a mill operation.
Nevertheless, the Company is still keeping track of all shareholders.
Additionally, there are some noteworthy effects on the mining industry especially in Nevada from the virus.
However, the company is monitoring the situation as it has impacted travel and government operations.
In March, the company renewed FLPC's annual business license in Nevada for 2021.
The company has finally completed the approval process with the Nevada Department of Environmental Protection for a 5-year Water Pollution Control Permit for the Fencemaker Mine.
It took effect on May 28th 2020.
If this permit process was not accomplished, then the company would have been constrained on continuing the mine venture.
Next step is a new lease agreement with the land claim owners that the Fencemaker Mine is located on.
Thanks again for contacting First Liberty Power Corporation.
Stay Safe and Healthy"
I suggest writing to Bob for answers is absolutely pointless. He'll string you along as he did everyone else who ever asked him anything, and it's all just a pile of bullshit.
No way will FLPC shares ever be tradeable again.
I wonder.....?
The worrying thing for shareholders is that now we know one of the CEOs is starting a new company with a similar idea...possibly mining Antimony, (on his own!) will Bob come clean and say, "Sorry lads, we're closing on X date", then emerge as FLPC Mk2. If it does, then we all know what to look out for. Only new Shareholders may be caught out by X2M?
My thought for anyone here, is it worth hanging on to your shares, just in case, or selling out so 'you don't incur 100% loss'. I cannot prove that this will happen, but 'BIG IF' FLPC imalgomates and combines X2M with FLPC, there could be a significant hike in the share price, purely on anticipation. The chances are that both CEOs MUST be involved, so what are the odds of both companies surviving?
1KGW....are you about, if so, would you care to offer a reasonable opinion based on possibility rather the probability, that FLPC may dissolve in favour of X2M Strategics. This one is tricky to fathom as I doubt that Bob may claim it's nothing to do with him and won't get involved in 'another person's' business...if you see what I mean. They've been ambiguous for a very long time, but what bothers me is that Don Nicholson could be using Fencemaker to promote the business, but actually not by name, just to test the water, as it were?
I would suggest that everyone write to Bob and ask him what's going on. Again, it's all up to you guys?
Bottom line is any money invested in FLPC is gone forever. Wonder whose pocket it landed in.
I did, Pitman but he hasn't replied and probably won't. If you checked out my posts below, he may well be working closely with Don Nicholson with his new venture...X2M Strategics. If you noted overtime about the FLPC "Restructure", he always wrote this word in inverted commas, so it is possible but not certain, that 'X2M Strategics' IS the result of the "Restructure" and could well be a transition from one company to the other which will exonerate FLPC from all current liabilities?
I have written to Bob and asked him why Don has 'left' the company to start another business without him, noting that Don is the entire workforce of X2M Strategics! However, it's such a tiny concern, as is FLPC, it is easy to be the entire workforce of a virtual Business that doesn't really do anything except have a website and sell shares. It's also quite simple to run several companies at once and claim to be Director, Treasure, Owner, CEO, Uncle Tom Cobbley 'n all but purely by title alone and let the website do the work with a few juicy updates!
As yet, nobody has any idea what X2M will really be. At a guess, X2 could be another 'Stockpile Reserves' or become another FLPC for a few years. Either way, I think that X2 COULD be a legal Scam about to turn into a 'professional up and coming Mining company' who's land area (as far as I can see) just happens to be slap dab on top of Fencemaker, so X2M MAY be trying to sell Antimony Mining like FLPC on the same patch but using a different name. It needs to be verified first though?
If anyone cares to check out my Link below (a few days ago), you may be able to make sense of the topography and/or the wording on the Website, then you can decide whether or not it's about to morph into a scam!!
Cheers to all CE
ANYONE COMMUNICATE WITH SCAMMER BOB LATELY? WHAT A POS THIS STOCK AND MANAGEMENT TURNED OUT TO BE.
Here is a Link to the site. You can see on my previous, who is in control etc. etc. The same person who ran Stockpile Reserves, so the link is now clear as to the Don Nicholson, CEO's movements as they have been setting up a new company.
As yet, no shares allocated. As, when and IF there are, it's up to you. Just take care as FLPC may or may not be about to fold, but those who want to can contact this BoD to see what they have to say about the longevity of FLPC, or not as the case may be?
https://www.x2msc.com/
OK Guys, found some info.
I suggest that if anyone is interested, X2M Strategics IS run by Don Nicholson. See below. It now seems to me that the new venture is directly related to this company and the CEOs, so will FLPC fold overnight, watch out in case you lose your holdings.
Essentially, what we have here is another version of 'Stockpile Reserves' run by the same guy's...see what you make of it?
The area they are promoting IS in fact right on top of or IS Fencemaker according to the Map. So, looking at the details, yes, a 'Restructure' was going on but probably not for FLPC but another venture which may be in a similar format to FLPC.
Be careful, but I will put a link on here for all to see, then you can decide whether or not it will be Kosha or a scam!!
X2M STRATEGICS CORPORATION
DONALD NICHOLSON, president.
DONALD NICHOLSON, secretary.
DONALD NICHOLSON, treasurer.
DONALD NICHOLSON, director.
INCORP SERVICES, INC, agent.
X2M STRATEGICS CORPORATION :: Nevada (US ...
I think that as my posts were mostly realistic but was blunt about the BoD, but now it's for people to make the own mind up. I was removed by 'request', but I'm leaving all that out now as I've said enough, but whilst I was considering buying FLPC shares, but thought it was best left alone noting the lack of progress.
I was awaiting the 'Restructure' and submission of accounts to see their up to date financial status, but after many years and so much speculation of what was supposed to happen, I gave up and thought I'd write about it! The BoD never promised anything, but made hints what could happen, but that's not good enough for me to invest. I like to see tangible proof of actual doings. I just felt it was never going to happen so my overall opinion of the company was something to be desired, but I wasn't the only one! Pitman33 also came to a similar conclusion but I think he still holds?
All we can do now is watch this space and see if FLPC stays, or becomes X2M Minerals which could be a change of name with a different company structure with sponsors. Perhaps this could be the 'Restructure'. If so, maybe they can make it work, but by the same token, we could see another FLPC, A Mining company, 'Jim', but not as we know it!
CE
By the way
Over the years I have read all your posts
I never saw any violations of 'Terms of Service.'
You disagreed with some posters, but you used facts, you didn't personally attack the poster's themselves.
I post a lot on NAK.
Be interested on what you think of it. You could post on its' board for others to hear what you think.
You could try making another post
My suspension was only for three months
It could be your suspension has been lifted and they just didn't notify you
No, neither have I. I searched and hunted around, so its early days yet. If I hear anything else, I will place it here. It could be in the remaining shareholder's interest to know what's going on.
It seems like I have an extra post available! As long as I keep the posts straight, polite and keep to the topic with no 'Personal Attacks', then perhaps I will be OK?
I haven't been able to locate or find out anything on X2M Minerals.
Yes, that's right. Due to a violation of the rules, I was only allowed one post per day 'until further notice'. personally, after many months, they could at least increase it to three per day. I don't think there was much point in trying to contact them unless the Moderator(s) choose to increase the amount of daily posts, which at the moment is unlikely anyway...there's nobody here and no views are being extended as it were?
As I explained on my previous and whether or not it's true, which I think it is, the current BoD are (possibly) embarking on a new venture named X2M Minerals. However, if this functions the same way as FLPC, it is possible they could simply close down FLPC and 'go insolvent', then everything is all gone...shares n' all.
All I can suggest is to contact Bob Reynolds and see if he may divulge any info. which I doubt. What concerns me is that IF FLPC goes, will X2M just be another FLPC in a different guise, same set up for another 5 years, listed on the SEC and take on another load of shares with a similar type of 'Mined in America' slogan, with Don Nicholson as Treasurer and Bob as the new CEO. If this IS the case, will William Voaden reappear on the seen...who knows?
It's all starting to look rather ominous, but take care, and if IKGW is reading this, it's a fair post, but do bear in mind forewarned is forearmed, because people on this Forum who hold shares have been through enough misery and speculation to do with the Mining of Antimony and having 1000 Tonnes of Ore sitting around doing nothing, etc etc.?
I just don't want to see anyone getting bitten twice, and whilst I cannot prove all this, I wouldn't put it on here if it didn't think that there wasn't something in it, because I doubt they will run TWO 'Mining' companies, that's all. If X2M is genuine, run by these same two guys, you will know how the rest could pan out?
Cheers for now, CE
?
Only allowed one post per day?
Years ago someone accused me to management of using more than one member name so that I could increase my number of posts
Management suspended me for three months
I repeatedly messaged them that I had no idea how to make another myself another member name. Also, they could check for themselves and see that I had no other member name
They just kept replying that using more than one profile violated their terms of service
After the three months were up, they re-instated me and said that if I ever again used more than one alias, I would be permanently suspended
I replied that since I had no idea how to do that, and had not done it this time, that there was no way for me to prevent that from happening again
Anyone heard of a new Mining company called X2M Minerals. If not, you may do in due course. From what I gather, the 'Jungle Drums' has noted that it MAY be connected to FLPC, but it could be hearsay. If it isn't, and it goes ahead, one of two things may happen...and this is purely a guess:
1. FLPC may be joining forces, or 2. The current team may be trying a new venture in which case FLPC MAY remain or suddenly vanish, so those with investments here can choose whether to sit it out or carry on holding, because if it's somehow 'affiliated', the SP MAY rocket or it could crash?
As I can only post one a day, I know no more than this. It may be true or it may be a wind-up, but either way, I thought I'd post the info. here?
Hope everyone is staying safe and not caught the dreaded CV19. Always wear a mask in busy areas. I know of two people in my town of pop. 25,000 who's had it...and survived, but there has been numerous others in my area :((
Cheers CE KEEP SAFE!
E-mail Bob...if he's there and you may get a reply from his phone or Laptop if he has one. I doubt will he will be able to give you a 'committed' reply for obvious reasons, but at least you should get one. See what you can read into it?
I'm waiting
Who knows?
Whats our latest situation ? Give up or wait some more?
Maybe the DO have a deal, nobody know's. Over the months, conflicting stories emerge, so nothing is certain with the 'He said, She said' until FLPC make any announcements in writing, then it becomes 'They said...."
I'm getting on with redecorating my premises in accordance with my lease obligation....it's a MASSIVE task, but if someone else does it, it's Massive costs, so I will do most of it myself.
Happy Isolating! if like me, you are. It's been so quiet and tranquil with no traffic noise, only the birds tweeting and the occasional 'Sssst' clink...of a bottle of beer being opened! I almost don't want to come back to work now, and considering retiring in the not-too-distant future
Cheers all!
Huh?
Why would FLPC renew the environmental license with NDEP if they didn't have access to Fencemaker?
A reasonable assumption would be they have a deal with Silver Bell to resume mining.
The majority shareholders are Don and Bob.
Whatever shares Vogal has are immaterial and irrelevant.
For all we know he liquidated before trading was halted.
Can anyone prove me wrong?
Rather than focus on "what if's", we should go about our business and let this play out to whatever conclusion later this year.
Some of us are still optimistic FLPC will mine again.
Until financials are filed and trading resumes, there are few facts to discuss.
This is normal every year where they need to renew the Policy which I believe is expensive?
I wonder if this year they will do it, bearing in mind the overall performance of the company. IF PER CHANCE, Silver Bell are not granting access to the Mine for whatever reason assuming this is true, then the Licence will lapse. If FLPC doesn't renew it, then perhaps Mr Vogal (Part Mine Owner), will choose to pay if he has other plans should FLPC not continue?
As FLPC is still not reinstated on the SEC and no Filings are present for the last 6 years or so, I'm wondering if it's worthwhile them paying the renewal fee. I may be wrong, but I thought I saw somewhere the Licence is $2-3000 pa?
They need to come back to normal trading policy first and 'simultaneously' pay the fee to the Nevada Authorities. If they do, perhaps they have plans that we no nothing about yet. So far, no updates this year that I'm aware of?
Still all very hit and miss.
Not an indication of anything but related news nonetheless
https://ndep.nv.gov/uploads/documents/NEV2009104nodFY20.pdf
China did not "buy up" USA rare-earth metals.
The United States produces very little.
They are reliant on countries like China where these metals are in large supplies in the ground.
That's due to geology and where the metals are.
FLPC has been off and on trying to mine for years.
Maybe they should turn their attention to cesium, which is also in short supply.
We are in waiting mode til at least fall due to coronavirus.
OK, so 'Legislation is underway'. Fair enough. FLPC's Filings was also underway!! I wonder if it will ever be important enough to actually pass the Bill?
It could be ages, perhaps even a couple of years. Who knows, it's not as if it's something that would be high or their agenda just yet?
I called hisCalifornia office once and the lady I spoke with said legislation was underway in the form of a BILL. Of course he may be a republican and got steamrolled by the Trump haters.
He or they probably got 'cold feet'!
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During the past two years, First Liberty Power Corporation’s Board and Management claim to have worked to bring about meaningful change to the Company, both internally and externally. Specifically, critical changes have supposedly been judiciously planned and strategically executed, leading to a long-awaited “light at the end of the FLPC audit.”
FLPC management has faced a number of difficulties in their ability to publicly issue communiques on these changes due to avoidable delinquencies in Company filings which have subsequently led to them being revoked by the SEC.
The supposedly positive news is that the management filed an 8-K and appointed a new auditor who is actively working to make all filings current, this did nothing to prevent the revoking. Over the succeeding weeks and months these filings and additional 8-Ks were not completed, FLPC Management will accordingly have the ability to issue full updates on the Company’s lack of progress.
In the meantime, what can be disclosed is that the Company’s most important areas of advancement have been maintenance of project mining permits and ongoing resolution of prior permit/environmental related issues. While the majority of this information is already public domain, this summer FLPC Management failed yet again to release in-depth reports on Company progress and the remaining requirements in this matter.
FLPC Management would like to acknowledge the Nevada regulatory agencies involved in all filing and permit issues including NDEP, BLM and MSHW, for their professionalism in providing the necessary guidance to help the Company work towards full compliance.
For further information contact FLPC at ir@firstlibertypower.com
Due Diligence Links FLPC Security and Exchange Commission (SEC) Filings First Liberty Power (FLPC) Home Page FLPC Revoked by SEC |
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