Successful Businessman unlike FLPC
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Yes, REALLY. There are Mugs and there's the other type of Mug, the one's that believe that a company so short of cash will all of sudden become Phoenix and rise from the Ashes. Ashes are what they are and the Phoenix us a Mythical creature. If you look at the FLPC Intro. it clearly states 'Based on Mythology' which is not fact.
However, as you all know a Myth is a female Moth, especially if you have a Lisp. Who on Earth chose the name LISP and put an 'S' in it. Rather like the device you use for sowing...a THIMBLE, not to be confused with the Drummer who also has a Lisp and has at least two in his drum kit! LOL!!!
"Only the rawest of newbies would ever invest based on opinion, speculation and accusations that are not backed up by fact."
In which case, that's sufficient to have saved them getting bitten by the teeth of the FLPC Sharks!!! Even seasoned Punter's wouldn't be daft enough to invest in ANY dodgy share that has not produced or sold a single Dime's worth of anything!
I've done it myself in the early days 15 years ago on the basis of Hear-say. Never go by how good a Penny share is claimed to be from anyone on any Forum, as it never or rarely works...as you have seen!
"Buy on Fear, sell on news", as they say?
Most things on this Forum is Pure Speculation & Opinion until it becomes FACT, although we do know lots of FACTS like late Filings and a whole lot of uncertainty. All that remains is OPINION, etc. that's what Share dealing is all about....OPINION, SPECULATION AND AMBIGUITY. FLPC is full of ambiguity! Nobody really know's what's really going with FLPC, only what they CLAIM to be happening. Just like that old "Restructure" Chestnut!!
I bet Bob's scurrying around like a Headless Chicken!
Tick-tock goes the clock.
That poster left a few words out. It followed on from the first sentence when he phoned the BoB and 'did not see that one coming. Perhaps the use of 'I' or 'he' or even the occasional Comma would have made the difference? So, who will keep the Forum updated, him or the BoD?!!
Either way, someone will keep the Forum updated from ongoing comm's with whoever answer's the Phone...probably the Office Cleaning lady or whatever you call them, Janitor, Menial?
Nobody saw it coming except Bob & Don. IF anyone cares to look at the Rules, it was a foregone conclusion that sooner or later, something would happen. If you recall, Pitman33 (ifn he's still here), had the same problem ages ago in Canada whereby their authorities wouldn't allow any trading for the same reason which made Pitmann very angry. I doubt even that issue has been resolved, because if that one had, so would this one, or most of it?
They would have know a long time ago about the penalties of not submitting their mandatory Filings on time. Bob & Don are both very clever and clued up people, especially as they are a listed company. Even before becoming a Public Company, they would have been aware and read all the rules and reg's, so they would have know at some point that the suspension was going to happen. It is possible, the SEC would have been in touch with reminders, also, their accountants would have known about it and mentioned it.
The 'unexpected' suspension would have come as no surprise to them, although they may have not known exactly which day it would take place, but they have had ample warning....in fact, probably several warnings. I wouldn't believe them if they 'didn't know about it'!!!
In their case, ignorance is no excuse, so of course they knew!!
They could always start under a new name if they go under. It happens all the time, but don't forget , 'Once bitten...' All they need to do is PROVE they can do it by actually DOING it. The only problem is that with the same management, should it happen, their names will be too widely known, plus their age is against them?
This is an expensive game, so unless they have back-up reserves, held back from FLPC...which IS possible if you consider that money may have been set aside for later, but unlikely, any potential investor's need to be on their guard that the new company is not a facsimile of FLPC. At this stage, it's very unlikely. I think the management has achieved what they set out to do, but didn't actually fail except in the eyes of the Shareholder...if you see my meaning?
OWL: I would expect that all on this Forum would like to share the details of your call to the Management if it's in everyone's interest, failing that, and the news is good, maybe all should know whether or not there's a News Release been mentioned that is due out very shortly. It will also give 'Silve' some hope that the management is (possibly) not Hookey, but are serious about a REAL Comeback, but bear in mind what's happened over a 7/8 year period. You don't want to get caught again. To do what you all want them to do is Mine, nit just blast a few tons of Rock and then of course, it's all about money...CASH IS KING...LOTS of it to maintain their program. Think about it?
SILVE: It's a very bitter pill to swallow, I know. Whilst Waxy is to some degree correct that I have no tangible proof about FLPC being a Scam, you just need to look at the whole scenario and see what's been going on from the start and look at their actual achievements against their finances and how it's all be used or misused. It just doesn't add up?
Bob may not be answering e-mail's because he is busy trying to work out what to do about the Filings, or may be in talks with Heaton's to look for a solution to try and get extra time to complete at least the first years over due Report. If he can come to some arrangement with the SEC/OTC, he may get some remission and be allowed extra time or even submit an interim report, but this may be against the rules. It's all or nothing?
If this is not the case, what I DON'T want to see for you guys is that Zero contact will be made by either Bob or Don and leave you in the lurch with no contact ever again. If Bob won't reply or answer the Phone, it may be cut off or disconnected. You have their home address. You could call him on a private number if it's available, or send him a letter by 'Signed For' delivery. IF he responds to nothing, over the next week or so, it could be more serious.
Heaton's won't disclose any information to anyone other than those directly involved. Maybe Bob or Don will contact you when they become available. I'm not even sure the SEC will pass comment, but you could try? GL
Ha ha! If you have to write that, it means that someone will very likely believe it!
Don't forget the FLPC disclaimer:
Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. (No kidding!)
....and it wasn't. What an open invitation to say what they like and get away with it?!!
I'm sure investors have been in contact with FLPC management.
If they have, I think that under these circumstances, they would be only too keen to let everyone know what was going on. We do with our own shares as we are a close knit Forum, so we all interact. It's only right that we share relevant info. with out friends on the Forum.
All Bob ever writes is that:
"We are currently working 'hard' with our Auditor's to get the Filings completed within the required time frame, although we may require additional time to allow our "FLPC Officials" (which are all ficticious), to collate the information for release in due course. PS. We won't really, but we write all this because we know you believe us, just like you have since we started, AND guess what, we don't have the $2M (any more) that people keep asking about as it has been carefully invested in the FLPC "Restructure" Account to earn us, oops, I mean the Company, lots of Interest to put towards our continuing 'Mine' program. We must be honest with your Shareholder's (Honest lol), that a little has been lost along the 'Pathways to Progress' track as we were Mugged by Highwaymen en route. We couldn't really identify them as one had a mask and his friend looked like an Indian although it could have been what's left of the Village People?
Plausible of course and not impossible, isn't that right Kimo Sabbi?
You noted on that report:
"I think our co. is trying very hard for years to solve the clue - To mine, or not to mine!" Cheers to all invested in this "strategic metal miner". In 2015, no antimony was mined in the U.S. The metal is imported from foreign countries. From 2011-2014 68% of America's antimony came from China, 14% from India, 4% from Mexico, and 14% from other sources. There are no government stockpiles in place currently.
The question is already answered in that paragraph. 100% of the Antimony came from elsewhere. But if you look online, there IS one large Antimony mine in the US, so they must ship the Ore to China, then have it processed and the US buys it back again. That's not what Trump wants. The US wants to try to be Self sufficient. That won't work as you don't have enough of the resources to 'go it alone'. You NEED TO TRADE across the world and as far as Trump's imposed Tariffs to China is concerned, That was A HUGE MISTAKE to the US's own detriment. It will have the reverse effect on the economy and it's costs. What a Plonker!!
Because most of the US Antimony is of low yield, ie. Fencemaker, it would still make more financial sense to buy it from elsewhere due to basic economics until it's proven that the US has high levels of Antimony to justify your own Mining program. Li'l Old Fencemaker, is sadly 'worked out'. But FLPC made a good job to sell it to the Shareholder's. Maybe you should lynch the CEO for misrepresenting it, but you guys weren't to know until it was too late?
If Investor's are so sure they will come back with the Filings within the next working week, ok, fine! Has anyone e-mailed Bob and asked for his GUARANTEE that he will come up with the goods in the next week, I bet not. If they have, why not place his reply here for everyone to see?
Fake News, eh? If you say so! it's not, though.
Give it time, it will happen, but there's quite a lot more to this 'Fake News', as you call it, but at the moment, I will retain what I know until later on when the heat starts to rise.
Well ok, Let's see what appears on this Forum over the next week and watch for a company announcement about what they propose to do. See if they can talk themselves out of the mess. It will be interesting to see what Old Bob has to say about the Filings, the Extension required to complete them, then see if they can produce the 2013/14 Filings and override this 'extension'. If they can, they won't be complete, therefore not a true representation of the current company status. After all, what good are 4 year old Filings, except only to perhaps release the suspension....Maybe?
"There are many who believe in the company and will support them."
Those are the one's that have been gullible enough to accept what the company writes and believe they have a business plan. They don't, the only Plan they had which worked very well, was to KNOWINGLY bend the truth and MISLEAD Investors about their proposal's which is the reason for never doing any business.
This bunch of Crooks need to be brought to account. You don't simply have a business with a respectable share price, only to go into decline to being of no significant value and a debt of c$6. This debt can ONLY happen by severe missmagement or a well planned SCAM involving possible collaboration outside FLPC. Two guys on their own cannot operate a successful scam without a little help from outsider's of which I know something.
NOTHING they have said they'd do has come to fruition. It only ever get's so far, then something goes wrong...EVERY time. It's engineered to happen this way.
Whilst YOU don't think it's a fact, I know it is because of 'other sources', which is why I won't place my findings on this or any other Forum for the time being until I know more details from one of my contacts. Believe me, heads are going to roll eventually, and very well deserved for misusing Shareholder's funds. It's obvious because of the Toxic Debt.
You are all in denial. They WILL NOT Turn the COMPLETED Filings around in 8 days due to needing an extension, in which case, it's impossible. Unless FLPC come clean with all things, Heaton's won't release them due to anomaly's. Like UK accountants, they MAY release them as the details are supplied TO the Accountants and they are not liable for their content. If they do that, FLPC could bang a few more nails in their own Coffin, in which case, Heaton's will sign them over. Even then, they won't contain what you need to know. One item is THE MISSING $2M!!!
Libel: Everything is alleged below: LOL, the worst issue is what those Rascal's at FLPC have been doing with your cash, and it's most definitely not been invested for the benefit of you guys, so at some point, they are going to have to do some explaining to someone!
Consider this: Where, overtime, did all the money that's gone through FLPC's Shares account to 'Invest in the business', go to. What has ANYONE seen that will remove several Million Dollars, that has improved the business EXCEPT a load of waffle and other crap about Liberty Mill, Mining Fencemaker, etc, and the Buy out of Stockpile OWNED by none other than 'Don the Con' Nicholson. In addition, older Filings show thousands of Dollars paid out to the CEO(s), for 'Services' and 'Fee's FOR WHAT...CRAP it's all over-inflated payout's to remove money from the business?
All these millions has changed hands over the years, EVEN though Zero Profit has been made. Permits cost a bit, yes, but their little trips out to hither and thither over several years cannot possibly run into a few million Bucks. Running a 'Virtual' company from a small office will not absorb all this cash. Now, the debt stands at almost $6M, HOW THE HECK DID THAT HAPPEN....Madness and Spent on what...?
SO WHAT WENT WRONG? Basically, it amounts to GREED and misleading of investor's to their own ends. Work it out. Intelligent investors, should they be watching, will know just how this company has been operating, allegedly as a Facade...for what. It makes you wonder?
I hope that all Investor's realise that as you rightly say, get their Filings done in LESS than ten days. If they haven't managed this since 2013.14, how on Earth will they complete it in LESS than 8, bearing in mind that this includes a weekend?
The question is, that the BoD said recently wrote there are many things that needs to be done to get the Filings up to date...MANY things, and from what they write, it will be IMPOSSIBLE to do all they claim to be done in just over a week. However, it will prove one thing, IF they get it done by some miracle, and complete it...ACCURATELY, they have been lying about all the work that needs to get the Filings up to date.
Now's the time for FLPC to: A. Request an Extension so they can get their act together...which they won't. B. Slip quietly away and pull the shutters down without anyone noticing and make a quick getaway. This scenario is more likely.
I don't think that Heaton's really know the full story about FLPC and their dealings with "all and sundry", and believe me, what I know I would not dare put on this forum. This is why, I feel sure they will 'Hot Foot' it away, UNLESS anyone has phoned Bob to see what he says. There may come a point soon, where the phone just won't be answered or cut off?
Good old Bob is going to have to put his very best Bull S*it hat on to talk his way out of this mess!!!
With a previously reported NET loss of $5.9M, I really don't think you will be seeing much more of this lot again. It's for the good of those future Investor's that didn't get caught out with all the bravado and innuendo bandied about by this 'Mining' Company on the pretext of great things to come.
As I said, it's not going to happen and PPA's history along with just a few hundred Dollars, is hardly the end of the World. Lost MUCH more elsewhere. Hey ho! Won a lot too though :)
China isn't too happy about Trumps Tariffs, watch out for back lashes, it may damage your economy?
It makes NO difference whether the Permits are in order or not. It's a PERMIT, nothing more. It has ZERO guarantee of anything to do with FLPC making money in Mining now, or ever. Without ACCURATE Financial Information...which there isn't, how fair is it for FLPC to try to sell a share because it looks good and 'MIGHT' have a high reward. It is your risk, but a stupid one. READ the disclaimer, it's very clear that there was NO GUARANTEE that what they say will ever happen.
That should have been warning enough. That's why there are NO 'Smart Investors', only risk taker's with an assumption and money to throw away.
Renee: It had to happen. People cannot accurately invest in a company or guess how a company's Financial Position is without Filings. You can't buy blind based on hype, it doesn't work and it's Foolhardy. You cannot forecast how a company will perform over the next 12 months without trading figures or a plausible Business Plan. With FLPC as I mentioned, there is too much ambiguity and not enough fact. The only fact that most of us know about is there's next no money?
My guess is that you won't see the up to date Filing's as the chances are, they haven't been or are anywhere near completion due to reaching an 'impasse' with Heaton's, whereby FLPC will not discuss a few issues. It was laid out on a much earlier interim report from Heaton's, that they couldn't agree on a few 'anomaly's, so I think they have put the Filing's on hold until they spill a few beans?
If it proves a major issue, it is possible, that FLPC may close the doors. It's hard to say unless they get they Filings information to the level that Heaton's expect, and that's to tell all, not hold information back which Heaton's implied they are doing. Heaven know's how they are going to resolve this one. If they didn't tell heaton's X or Y, they won't do it now. It's also possible the $2M 'Funding' may have something to do with it and other items we know nothing about?
It's been dodgy from the start to present day. However, this Forum is expecting me to laugh about this, but that's NOT what I do, but fair warning that FLPC is not altogether Flying Straight and Level.
Maybe they will come back online after they get their act together, as this is exactly what it has been...an Act. I do sympathise with the Shareholder's to some degree, but the other side of the Coin is that the risk was so high with little or nothing to go on, gambling on this company and to keep buying blind was a silly mistake with a non-profit making organisation with no trading Figure's. You can't really blame those so-called 'Smart Investor's' who thought it could be worth the Punt as much as farming out 95% of the blame to FLPC for pretending to operate a "Restructure" and a Pathways to progress Now we have a clue? Maybe they will resolve it, maybe they won't, but I think Heaton's have suggested there's little point in carrying on. We'll see?
NEVER invest in a company based on Talk and no Tangible evidence of doing any business. FLPC is one such company run by 'Clever' businessman, or Trickster's, and supported by those who can't see the Wood for the Trees.
Speculation on what FLPC is doing or hasn't done is not proof.
Proof enough for most people. FLPC is a 'non-doing' company with an ambiguous past and agenda. FACT
No Filings, no sales, no profit, no Mining and missing $2M. I wonder where it went, as most people do. Probably into a Hedge Fund?!!
The PROOF is the existence of a company with such a depleted share price, it reflects on the lack of progress that's been made. In addition, people are just fed up with words and no action. The BoD keep saying we will do this and that but they don't. Their plans seem to only get so far before everything just falls through. Whether it's bad luck or by design, is hard to tell, but time and again it happens.
From what I can see, they make a big thing out of something like Liberty Mill or Fencemaker and they 'over sell' it to investor's, then it all goes Pear shaped and then either reason's or excuses follow the anti-climax. It is probably to build up the share price so it can be traded. Fair enough. I'm just awaiting to see what plan they have hatched next. If there is one, then we will see how far it goes before the idea is abandoned for whatever reason. It will probably only ever get as far as the drawing board but they will make a bigger issue of it just to attract more investment, then nothing. Shame for all those invested unless of course, the SP reacts favourably which is all you need.
They are lying. They won't Mine, they have no cash!!!
Silve writes: "FLPC is going to mine soon"!!!!
Oh, is that so. Please show PROOF they are going to Mine, where does FLPC state, "We will Mine very soon". Please also show EVIDENCE of the funding that will allow them to spend Millions on proper MIning?
You can't, because there isn't! Don't try to get ahead of yourself with what you believe is a fact without supporting evidence. At least I have more credible reason's to back up my posts of them NOT going to Mine, rather than they are!
It's all about Money, something FLPC as a company doesn't have much of. The BoD may have more cash than the business itself?!
" ..hasn't dislodged a single share from investors hands"
PROVE IT, You have no idea how many Investor's have thrown in the towel because FLPC has scammed them out of their cash. You don't know the reason for those 'Sell's every other day of the week. Clearly, the share price is adequate PROOF of an unsound business with little or no Market confidence.
CEO's of many small penny share company's and probably this one, operate Hedge Funds which have no regulation, so they can spend the money on what they heck they like. Probably one reason why FLPC has so much debt. This is a very poor buy and the chances of losing all your cash is far greater than gaining. GUARANTEED!!!
Try to get your head around it. They want a LOAN and they aren't too bothered who gives it to them. Besides, the chances are that the lender won't get it back anyway!!
IF you want to write about credentials, FLPC's barely exist. First, any lender will want to know their current financial status. Technically, They actually don't have one, that's because anyone who they approach Cap-in-hand, have no paper record of their recent trading history. This is simply because they have no Filings to waive at the potential lender.
If they cannot prove their figures, they won't get any money. That's unless a private lender stumps up the cash, WHICH must be in excess of $2-3M to give them a kick start at Fencemaker if there's sufficient evidence the Mine is viable in the SHORT term, which is unlikely. REASON: They would need to get the Ore out quickly, process it and sell it to regain some working capital. Because the Mine is virtually worked out, this won't be possible because they need to go waaaay down to access it, and that will take time and shack loads of cash!!
I will reiterate my earlier point. They MUST justify ANY loan with tangible back-up as to how the business can support such a loan to Mine. They will want some form of indemnification for the amount they lend. I doubt that even the BoD of FLPC would dare offer them any security because they will know fulwell, their Mining program...IF and when it happens, will be short lived. This means the chances of income are remote because of the massive amounts of money required to maintain a Mining Program, along with cash flow, will be impossible for FLPC to keep the pace.
It just cannot happen. I bet you wouldn't lend them all that money based on the costs to re-open Fencemaker without you having their cast iron guarantee that if they chose to quit due to lack of funds which would surely run out quickly, you would want your money back WITH Interest. The only way out is for FLPC to become Insolvent. The risk attached with loaning FLPC cash, is so great, unless the lender is totally off their rocker, they may have to fund it from their own 'bottomless' pockets (or unearth the $2M!). I still doubt they will Mine to any significant degree, but they may well have a crack at it?
Yes, but his position in the Bank was significant, he was exceptional at figures and granted/refused thousands of loans over the decades. He would have laughed FLPC out of his Office even if they wanted $1000!! His job was to ensure high risk clients...like FLPC, didn't get their hands on the Bank's money!
Don't forget where the Sub-Prime Lending Market debacle started...the USA!! Predatory Lenders and complacency by over zealous US Bankers. So, do you now see why FLPC has NO Chance of getting a loan from ANYONE, especially from Venture Capitalist's who will know that there's going to be nothing for them worth having from that old Kid Mine.
The Mine is defunked, worked out. No amount of money will be granted to FLPC because of their diabolical track record of Debt, near-insolvency, NO sales and NO Mining. During the 8 years they have been sitting in their shack trying to work out a plan to extract more cash from the Shareholder's.
They CANNOT Possibly afford to Mine, they still have at least $1.3M debt unless the $2M 'Funding' paid it off. They will have to pay THAT back too, and with that in mind, nobody would be foolish enough to loan this shower anything, unless of course, they charge a huge interests rate which would defeat the object.
I would say it will be impossible for FLPC to Mine PROPERLY, process the Ore and sell whatever Antimony is in it. We all know that the Percentage of Antimony is very low, so it's unlikely to justify the cost of extraction.
FLPC has played you like an old tune, yet two guys and no staff call themselves 'Miner's'. They can't even afford the staff to do the digging, let alone the Hire of the Plant.
NON-STARTER with the exception of perhaps one or two detonations which may justify their title All that will happen to that Ore is what happened to the last lot. NOTHING!!!!! They can't afford it, so they should close down and put you all out of your misery....just like VOADEN did with PPA. Similar scenario, run by a bunch of thieving crooks.
It is an ACCURATE opinion and I said ANY lender will be and should be VERY WARY of lending FLPC ANY Money without a sure fire guarantee of getting their money back...set in concrete.
FLPC has an appalling record of paying bills. Jerry Whyte is one such case.
They won't get it, but it STILL begs the question, WHERE IS THE $2M Alleged funding which is still missing. Yes, WE KNOW VOADEN IS GONE.,..OLD NEWS. (Stuck record). As I said, one less rogue on the company!!
FLPC. Funding and why they won't get it.
Don't you like people to read the TRUTH. Well, here it is again for all to see including non-investor's that need to know this is a waste of time and money. If it's on here, it will be on the Web anyway.
If you were a BANK and clearly, you are not, you would take a look at FLPC's Financial History, see what progress they have made, and what turnover as a 'Mining Company they've achieved. Also, how they handled their Debts and conducted the business. They will want a current look at their business projection for the next 3- 5 years and potential turnover based on sales. (SALES..what sales?!)
For arguments sake, "I am the Bank", I would look at the whole scenario of the way the FLPC has managed their account and what they have to show for around 7 years of Business. I would and ask them how much they want to borrow. I would want SECURITY to the value of any loan and over what time period and what interest rate I would consider charging. I would also make nots of the FACT that nobody to date wants to support FLPC in a Joint Venture. I also need to consider the FACT that they still have $1.5M Debt and a declining share price. This means NO CONFIDENCE in the business.
They have no business plan otherwise it would have happened by now, the Bank would ask about their latest accounts for the last three years. Ummm, THEY DON'T EXIST because they are not complete. Why, Ummm, because it's complicated....why? Not telling you! PMSL. I would query the $2M Funding, which is STILL MISSING, I would query how much outstanding debt is owed to their remaining Creditor's.
In addition, I would ask them about the quantity of UNPROCESSED Ore and it's value, which if NOT processed, has no significant security value to ANY Bank. I would quiz them on by what means they could afford to pay any likely loan back and the income that would enable them to do this. "We don't have any income..." The Bank would simply ask them to leave as they are too high a risk to lend to.
In the case of FLPC, it is highly likely that no Lender will offer them a loan of ANY size bearing in mind the company's current, toxic financial position, with insufficient security to warrant a loan of the magnitude they would need to Mine. If they were so confident, they could offer BOTH their properties as security...but I doubt even an FLPC CEO would risk it!
IF YOU CAN'T FATHOM THAT LOT OUT AND PUT IT INTO A REALISTIC CONTEXT, THEN KEEP BUYING FLPC SHARES and continue to fund this company's alleged scam?
FLPC -$$$$$$ FACT!
What scheme, What Libeling, what is a co?
The only 'Scheme' is the scam which this is. These guys will never Mine properly....there's no cash. If there is, wait until it shows on the Filings, it will then prove to you the magnitude of Toxic debt that FLPC has. There's no getting away from it, unless of course the $2M miraculously re-appears out of the ether or wherever it's been tucked away. Perhaps they invested it for a rainy day. One would hope so, if not, they spent it! lol
No evidence of the cash being Spirited away? OK well, there it was gone. See if you or anyone can find it. Ask Bob what happened to it, see what he says. Basically, it existed INTO FLPC, so they've handled this amount, it isn't there anymore and they won't discuss it, so where has it gone?
If they won't answer the question directly and they are very cagey about it, in my book, it's misappropriated unless they come up with a satisfactory answer. Perhaps this is one reason the accounts are not complete. Heaton's know about it, but FLPC may choose not to talk. Stale mate!
According the the Mining Media, the funding was to enhance the company's profile and attempt to improve the business model for the benefit of ALL shareholder's. That's what funding was for. Shareholder's were NEVER told when they got the cash, there was NO Public Announcement to say they'd received any funding. That tells me plain and simple, unless they can PROVE otherwise, then the BoD has seized the cash. GONE...'Trousered', OR maybe they invested it in property. It MUST show up in the Filings.
VERY dodgy! Perhaps Sherlock Holmes could find it, but I bet Sherlock Nicholson know's where it went...the Treasurer? ;)
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No wonder they can keep the company going from their own pockets. In addition, $2M will last a very long time if used carefully! They've made a rod for their own back with this very sneaky and clearly devissive company. OBVIOUS FACT. If it wasn't a fact, then why do they keep fobbing you all off with things which never happen....because they engineer it that way. Very clever, but they will get rumbled sooner or later?
The PROOF is that it's GONE! The last people to handle that cash was none other than Bob the Rob and Don the Con.
YOU TELL ME WHERE IT IS AND PROVE THAT IT'S REMOVAL WAS LEGAL AND WAS FOR THE GOOD OF THE BUSINESS. ALSO, TRY TO EXPLAIN WHY THEY WERE CAGEY ABOUT IT WHEN THE MINING MEDIA PUBLISHED THE DETAILS ABOUT FLPC'S ACQUISITION OF THE FUNDS. I smell lots of Rats but they're hiding. One day they will be flushed out.
FLPC don't care about the content of this site. If you read the disclaimer, they say so! IN THEIR OWN WORDS!!! PMSL!
Figuratively speaking maybe, so bear in mind the Horizon can never actually be reached as it doesn't exist except in vision alone... one virtual point where the sky and land/sea appear to meet. Inaccessible. The Horizon is 'straight line' as we see it as you won't see the curvature of the Earth from lower ground level...(as you well know!!) LOL
I used to Fly and in the cockpit was an artificial Horizon. I would reckon that FLPC's Mining plans will also be inaccessible and remain on the Horizon until you see the $2M (gone) cash as a 'credit balance' miraculously showing on the next Filing's, should they ever come to light?
I wonder what REALLY happened to that $2 Bucks?
Totally dedicated. Being a realist, I see further ahead than someone who wears Milk Bottle bases for glasses....'end of nose' comes to mind. PMSL
Irrelevant to FLPC if they don't have the money to get it out!
We all know it's there, but had they not 'blown' the cash and been more business like rather than lose the lot by serious 'Mismanagement'...INCLUDING $2M they kept quiet about which has been spirited away to parts unknown so far, you may have already seen them Mine.
No money, no Mining. Simple fact.
I sleep soundly every night because I'm not invested in FLPC. PMSL
Of COURSE It's Pretend Mining. FLPC has mined NOTHING, permits are pieces of paper, but it doesn't mean you have to Mine. It's an option. If FLPC was going to Mine, they would have done it from 2007 and a few years following that, when they had some money. They've had permits year on year or to whatever frequency is required, and they STILL haven't Mined.
1000 Tons of Ore was Mined by Stockpile!
I can't see why they bother spending all that money or Permits knowing full well they won't be used! Now the Money's vanished, they won't have the resources to Mine, let alone pay the contractor's for Plant Hire!!
When did you last see Fencemaker being Mined. When did you see them bringing out Tons of Ore in the back of the Heavy Plant on a regular basis...NEVER! All there is, is on Facebook to which a Link exists on FLPC Website. One little Bulldozer with a few Rocks in it, isn't proof of Mining. All they did was reverse the thing in and drive it back out again to make it look good. They need to show movies of plant AT WORK...there are none!!
This set-up is a scam from start to present day, If they can't get the Filings dealt with in three years, how do expect them to Mine which cost thousands of times more than these accounts. If per chance they make a couple of Detonations with some cheap Pyrotechnics, that's not real Mining, only a ruse, and they won't keep it up! LOLOL
If you really believe they will Mine PROPERLY, which means processing and selling the Antimony to profit status, I have some degree of sympathy for you...because I find it sad that these Rogues at FLPC has strung their Shareholder's along for years with stories of Mining and hardship. Debt and having to allegedly fund the business from their own pockets, Ahem!
That's old rock samples from 1880s, when REAL Miner's were working at Fencemaker, not pretend Miner's! lol
Yes, effectively. It's widely known, they couldn't pay IN CASH so FLPC palmed them off with near 'worthless' shares at the time in lieu of cash which they didn't have. The Creditor's lost out because they were daft enough to accept payment in shares. Not good enough as it's not really proper payment unless the shares were sold to the tune of the debt amount or more.
This was about 4 years or so ago. Several went down this route of accepting shares from FLPC which was their 'get-out' for not paying them in real money. If you back-track though the FLPC History, you will find it. You should know the company you're invested in!
Actually, I think it's all rather funny. I'm far from angry because the responses are generating a lively board which was very stuffy. Little was going on here apart from a few shares changing hands and no real news for investor's to get their teeth into!
Their crew of 7 little Mining friends are probably very busy down Fencemaker, chipping away to no avail. No wonder statistics claim that 6 out of the 7 Dwarfs are not Happy. Maybe they haven't been paid, like many of their other creditor's. Maybe they could pay them in virtual shares? LOL
Just off to enjoy my can of '7 up' !!!
Once upon a time, FLPC had money from investor's.
This Child's book first few words is meant for fairy Stories. How appropriate; One such Fairy Story is that about FLPC. It could easily be turned into a kids book with plenty of reader's but it would distress the poor kids that read the book as there wasn't a happy ending.
The BoD don't care about investor's, they are playing you like an old tune.
In the book, Bob & Don did live happily ever after. (I wonder why?)
FLPC was reported by someone on Facebook some time ago. I am aware who it was. His case was very credible, but that's private.