FOREX - Pennystocks :Follow me on Twitter . @jotuk6771
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If you have any problem with Mr. Voaden or other FLPC Director , take it up with the Company or report them to the SEC . I have not .
Some of us ? The good old Bob ? A new profile ... hmmmm ...
Morality , integrity , sincerity ?
$1400 "traded" , mister Voaden History is making the stock tank , geezzz...
LOL
Oh well , i know this kind of rhetoric and vocabulary very well , saw it too often in the past here ... See you later ...
So you are telling us the Management is lying to shareholders in order to scam them by raising funds for smoke and mirrors business , right ? ...
You took a while to compile for us ? lol ... Anybody able to type on a keyboard can Google "William Voaden " . Thanks , you saved us all ...
LOL ,there is no sheme or morality or ethic there .
A PUBLIC COMPANY is by definition , working with public funds .
About which info are you talking about ?
Did Mr.Voaden did anything illegal in his past business activities ?
Did he made anything illegal while working at the FLPC Board of Directors?
Is Business failure illegal ? Did anybody has the right to fail and the right to succed later ?
What is the point of this propaganda ? ....
BTW , Thanks for the propaganda on FB , got your message well ... Pffff
Did you made any DD on this ticker except throwing the discredit on the Management ? ...
it's because the company is dumping shares
As i can see , it's worth i repeat and repeat again how financing works , lol ...
The company isn't dumping ANYTHING !
They have the OBLIGATION TO ISSUE COMMON SHARES TO TOXIC FINANCIERS AT DUE DATES IN ORDER TO COVER THE NOTES , AS PER FINANCING AGREEMENTS LISTED IN SEC FILINGS !
THOSE WHO ARE DUMPING SHARES , OR COVERING THEIR SHORT POSITIONS WITH THE SHARES FRESHLY ISSUED BY THE COMPANY , ARE THE FINANCIERS .
If you have any issue with it , the company is actively searching for investors . We all will be very happy if you could give $1M to the company for financing , without any guarantees as common equity of course , lol ....
To preach buy and hold is absurd.
Yeah , dump them all at $1,2M Valuation , that's the wise thing to do ! ;0)
LOL
FLPC - Market Cap $1,4M at the moment ... In other words , NOTHING ! ...
Projected Market Cap IF fully diluted to 5B outstanding shares : $6M
In other words , NOTHING !
BUY OR HOLD !
Is considered as a NANO CAP , any stock below $50M Market Valuation.
Is considered as a MICRO CAP , a stock between $50 - 300M Market Valuation
Typically , the exporter is in charge of the shipping costs till the goods are loaded on the ship at the pier . Then the buyer is paying the remaining shipping costs to destination, as the insurance .
There are some mills in USA able to process antimony at 60% , but as i know , none can produce ingots @99,5% . The Chinese are the specialists as they control the Antimony Market at around 85%.
There is no point to move hundreds of tons of rocks if you don't get any margin ... ;0)
Cost of milling by a third party was just too high to be viable , this is why they stopped the mining operations in Fencemaker .
The Liberty Mill still needs some improvements in order to process antimony ore . It's notified in the PR's ...
FLPC - Inventory is 700MT , it's notified in the filings , but , as you don't read them ...
You can expect 5% average pure Sb . We are going to sell to the Chinese an ore at 60% purity , current price around $5300 /MT. The Chinese are going to refine it in ingots 99,5% .
There is no refining facility in USA to do so in my knowledge.
With a permit of 36'500MT per year , expected yearly revenues are about $12 -15M , depending on the Metal Market.
It won't move with $3000 volume , lol ... I wonder where are all those who are claiming to buy millions when dilution hits and now totally inactive when it's free trading ... hmmmm...
Not enough interest , Bidsitting Blues ... ;0)
It costs 25k when it's being mined , not while it's not being mined , lol
If you think it's a scam , take it up with the BOD or report them to the SEC .
But i guess , you don't want to waste your time too ... ? , lol
Stating the obvious ? So why i continue to read here things like :
The company is dumping shares , why they don't let it breathe and so on ??
Because there are many who still don't understand how Toxic Financing/ Convertible Notes are working ....
You're welcome , JJP ;0) Glad to have you still aboard !
FLPC BULLS TEAM
THE HIGHER THE PPS , THE LOWER THE AMOUNT OF SHARES ISSUED TO FINANCIERS IN ORDER TO COVER THE NOTES , (AKA LESS DILUTION) ! GOT IT , FOLKS ? ;0)
Have we paid for the old Fencemaker work yet
You should ask it to the Company . Not sure everything is paid or not . The filings don't mention any debt specific to Fencemaker though.
and didn't someone give us like $150,000 supposedly sometime over the summer? Was that used on this mill, or to pay down the old debts?
It's not someone , it was an agreement with G8MI , which at the moment was still private company .
Since all G8MI assets have been dropped into FLPC ( now Public ) , i guess the money has been used or will be used for future operations , the Mill included . But as you can see by the last email i posted today , we have very limited funding as of today .... More Financing agreements with toxic financiers to come, unfortunately ...imo ...
Time for tangible results $$$$$ ....
Futhermore : Note issued January 09, 2014 with interest at 10% per annum. Principal and interest are due on January 09, 2015. The conversion price shall be equal to 65% multiplied by the lowest price during the ten (10) trading days prior to the conversion notices.
50,000
Note issued February 20, 2014 with interest at 12% per annum. Principal and interest are due on February 20, 2015. The conversion price shall be equal to 60% multiplied by the average of the two lowest closing prices during the ten (10) trading days prior to the conversion notices.
92,592 -
FLPC - Convertibles Notes shedule till december 2014
Note issued October 21, 2013 with interest at 6% per annum. Principal and interest are due on October 21, 2014. The conversion price shall be equal to 65% multiplied by the average of the two closing prices during the five (5) trading days prior to the conversion notices.
113,847 PAID
Note issued October 21, 2013 with interest at 10% per annum. Principal and interest are due on October 21 2014. The conversion price shall be equal to 60% multiplied by the lowest closing prices during the ten (10) trading days prior to the conversion notices.
130,000 PAID
Note issued March 03, 2014 with interest at 8% per annum. Principal and interest are due on December 05, 2014. The conversion price shall be equal to 58% multiplied by the average of the three lowest closing prices during the ten (10) trading days prior to the conversion notices.
63,000
Note issued December 04, 2013 with interest at 10% per annum. Principal and interest are due on December 04, 2014. The conversion price shall be equal to 60% multiplied by the lowest price during the ten (10) trading days prior to the conversion notices.
84,249
Note issued April 26, 2013 with interest at 8% per annum. Principal and interest are due on December 18, 2014. The conversion price shall be equal to a fixed price of $.015.
287,188
( This December 287k note is at a fixed price of 0.015, it will cost us only 20M shares )
Per last 10Q
As you claim here to be an accountant , why don't you just read the SEC filings ? ...
Everything is Black on White ...
Where did the money go , how many shares and for which purpose they have been issued , the BOD compensations and holdings , the Convertible Notes and so on ...
AbleBody , i'm waiting for FLPC official Press release on the matter .. .
We are still in conversations with RG and working on the lease payment.
As soon as legal approves the PR, we will get the release out to the public.
Thanks for your patience.
Investor Relations . FLPC
As i expected , the main concern is still the FINANCING ....
Where are the American Investors there ....
Got FLPC reply to my E-mail :
Could you please explain to me how we have to read the Rengold filings to know that the agreement on ARABIA has been terminated by november 1 !!?
The company review the release and it was part of RG financial filing requirements. We did not receive notice that they were filing today and that would be part of their filings, but we are working on a company statement for the press now.
Also , what’s happen to the laboratory which were expected to be operational by october ?
Some parts of it are operational, but our current financial funding has slowed down its progress.
Why not a single pic or official news of your new offices in RENO ?
With the current financial funding and reserves, the office has been slow to come on line
Where is the Doctor Johnston?
Mr. Johnston, has not fulfilled several parts of his contract and the company is waiting for those items to be completed before any further work and funds are delivered to him.
What finally happened to the shipment to China ?
That shipment has been completed and a small dollar amount was paid for the ore material. The outcome was we need a higher concentration level to successful ship to this buyer. That is why the company search for the Liberty Mill and completed the purchase agreement.
As it seems you are focusing on Mr. Voaden , i don't see any compensation as of today ... Maybe we will see some compensation in Stock Awards in the next 10k ? Did you noticed he's at the board of Directors , not on the Executive ?
In 2013 , regarding Compensation of Directors :
Don received : 0
Mr. Nicholson was appointed a director of the Company on November 29, 2010. Please refer to the above Summary Compensation Table for amounts indirectly associated with Mr. Nicholson, for which a delineation between executive and director services is not made, therefore all costs are covered in the Executive Compensation
Bob received : $11'500 in Stock Awards
Mr. Reynolds has held the position of director, since April 2, 2012. As part of Mr. Reynolds consulting contract commencing April 1, 2012, he was issued a total of 250,000 shares, of which the earned value has been included in the above table, with a total of $7,687 remaining to be earned up to the expiry of the contract on April 1, 2013.
William Voaden received : 0
John Hoak received : $63'492 : $15'000 in cash and $48'493 in Stock Awards
Mr. Hoak was appointed a director of the Company on May 3, 2010, effective March 24, 2010, and as part of a consulting agreement entered into for the provision of services, including that of acting as a director, Mr. Hoak was issued, in total, 500,000 shares, and was entitled to earn $2,500 / month. Note that the compensation expense for the stock issuance is calculated based on the services provided during the current fiscal year and the fair market value of the shares issued. Monthly compensation has been accrued but not paid. Mr. Hoak resigned as a director on April 1, 2012.
See item 10 :
http://www.sec.gov/Archives/edgar/data/1415305/000152477713000511/form10k.htm
As of today , FLPC has always been current reporting company . Being late on an annual filing isn't illegal too ... and pretty much usual , lol
Circumstances have to be proven fallacious , all the rest is pure negative speculation ... I don't see anything wrong in the SEC filings though ...
Is Business failure illegal in USA ? ... lol
Take a look at the filings , all is black on white .
You certainly missed a run to .08 ....?
To be fair , read the filings correctly ! ...
Fees paid to the Consulting Firm of which Don is the owner are paid as salary . In other words , Don is not paid directly by the Company , but undirectly , mostly in shares , through his Consulting Company .
Should be the same for Jimmy , let's see the next filings .
Other consulting fees are going to Murdock , 400k shares per month.
Roughly $450 at current distressed price , lol ...
The good old Bob ??? Since how long are you following this ticker ? .......
Is $5000 per month , half paid in shares ,a "huge salary" in your mind ?
I earn more than this and i'm not CEO , lol ...