Successful Businessman unlike FLPC
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FLPC was only a Multi-Penny stock because their claim they Mined 1000 Tonnes of Ore (which in fact was Mined by Stockpile Reserves managed by none other than Don Nicholson. They were going to process, refine that Ore to Antimony quality. The Shareprice rose on expectation only and it only dropped way down because they never gotten around to Processing it, there was no Liberty Mill which was cancelled and they called a "Restructure", so hence the SP is where it is.
As previously mentioned, if they make an announcement that CLAIMS they will Mine and the Filings are released which by some 'fluke' prove positive, then the SP will rise and will be properly tradable. It will be short lived though, but with momentum and regular updates being the key to a stable share. They MUST be able to back up their claim with action, which of late has been non-existant, otherwise it will just drift back in to the doldrums as it is now.
We'll see what happens later.
Echo: You are probably the only person here who is a realist, whilst other's are deluded with 'Head in the Clouds' ideas about how great FLPC will be.
If the BOD could PROVE and SHOW they really mean to Mine, they need a LARGE Bank Balance and a JV who are prepared to support FLPC with Financial Support and a deal FROM FLPC to them, should any profit be made.
They have been looking for JV's for a few years now and there are no takers. The simple reason being is they know that Fencemaker will be too costly to support a proper Mining Program. Easy enough to work out. Bear in mind that the BoD has promised to deal and process/Sell the Ore after the Filings. Bet they don't!?
FAKE COMPANY
"Do you want to cheer for USA FLPC SB MINING 2018???"
YES, of course! All I would like to see is for them to succeed. Nothing more, nothing less. What it would prove is that the BoD have not been stringing the Shareholder's along for 7 years.
If this happens, it will be a Revelation, even a Paradox! Not counting Chickens and not waiting with baited breath. Perhaps they may one day redeem themselves and surprise everyone:
a. By announcing and actually executing an ongoing and active Mining Program.
b. Being abducted by Aliens and taken to Andromeda.
c. b. Is the more likely! lol.
Oh, Really? "FLPC investors are not gullible, fresh off the farm, let's throw the retirement or kids college fund at penny stocks crowd."
So far, you have believed everything the BoD write. There is STILL not a shred of evidence that the FLPC BoD have put a Dime into the business. If they have, it will show on the NEXT Filings.
It is very obvious that the company has succeeded in luring Investor's into parting with the money, purely on 'hype' but no salient business plan. It is clear that many investor's ARE gullible to invest in a company that writes a lot but never actually does anything. They've taken what they can from the Shareholder's and given nothing back. FACT.
Ethics here are questionable, or perhaps they're not bothered. After all, it's hardly their risk having awarded themselves millions of FREE shares. Those who have bought in over the last three years, and continue to buy, just shows that their research has been either nil, or minimal, in which case if they lose the lot, it's bad luck...or perhaps carelessness?
Research is the Key and from all I've seen in past years, nothing encouraging has been written, so those who have money to burn, this is a great share for doing just that. Keep buying, the BoD are loving it!
The past plays a very large part in helping to build a profile of a business. In order to be able to justify a loan against a company's chronological performance. It helps to decide whether or not they have proved their worth to be a sufficiently stable business to qualify for substantial funding, AND their ability to pay such a large loan.
Unfortunately, FLPC cannot tick any of the boxes when it comes to Profit Figures, Reliability, Stability and a consistently good performance when relating to Mining or cash flow.
How do you know the BoD has put hundred's of thousands of Dollars into a business which has nil cash flow. All management have said is, "...they are funding the day-to-day running of the business". In respect of the sum you quoted without proof and evidence of such funding, they only SAID it and not necessarily DID it, especially when FLPC has at least $1.3M debt?
If you believe they've put that amount in over three years, why didn't they use the alleged "Hundreds of Thousands of Dollars" to make inroads toward Mining and pay off a few debts. The idea is utter rubbish!! So, where's it come from then, guess!?
The day-to-day running of the business is Tea, Coffee, road fuel and Sandwiches, very little else. Gullibility at it's best! All they've done is buy a few Licences which, unless used, are worthless, plus they expire in October this year!
"There are plenty of venture capital companies or other private investors who could be interested in partnering or loaning FLPC money"
Venture Capitalist's are out to make money. Given what FLPC 'own' this 'Small Beer' Company, any lender will still want to see several years books to safeguard their loan. It is such a HIGH Risk, there will be many other safer bets with more reliable accounts AND profit making. Venture lender's would be crazy to loan to a business which has not turned a Cent in profit in 7 years!!
...."and will do just fine managing their own accounts."
...as the share price continues its downward trend.
Really? Most investor's....do you mean all three of them?
Clearly, I do not know who would give them a loan, bearing in mind the content of the last Filing's. Loan's need paying back and you can only do it with cash flow, IF they get one. Perhaps not much, if any, Mining actually takes place, so my guess is they will start to pay back the loan amount with some of the loan money itself and hide the rest 'under the Mattress'!
I think that should any cash for business come their way, they will 'show willing' and perhaps Mine a little bit, but unless they can process the Ore and sell in a short space of time, (it's possible IF they pre-arrange it weeks in advance with the Smelting Plant), and maintain some sort of working Capital, it will be short lived but maybe long enough for anyone who wants to, sell up when the price rises, cut their losses (if any), and get out before it's too late. If that happens and people 'make' on it, it's job done. What happens later will be the concern for those who remain.
"Many penny stock newsletters are of dubious quality and should never be viewed as accurate."
'Dubious', summed up in one word...across the board!
Fair comment.
If they had loads of cash and a full program, I would consider investing, but then again, the share price wouldn't be this low! It's still an exceptionally High Risk. High Risk can reap High Rewards but Investor's need to see a lot more activity with Management/Shareholder communication and physical activity to gain their confidence. There's nothing yet, that show's this. So, yes, when the Filings are released, we'll see what their "Restructure" has been all about.
I'm still trying to work out why in three years of "Restructure" it hasn't shown up anything that remotely looks like anything's changed. Two guys and a gal. Maybe she's part of the "Restructure"...maybe she's 'Ai'... most woman are! LOL
I hope they do as well as you think they might?
At least I can agree with the likelihood of the Filing's being out by Q2, but Funds to Mine again....highly unlikely, BUT to what degree would you classify as Mining?
If the BoD makes ONE Blast, fills ONE Truck and dumps it with the rest of the OR, does that Constitute Mining, well technically, in a sense, but not good enough. It's not Mining in the true nature of that context. I would say Mining is Blasting, Loading, preparing, processing AND Selling and continuing to sell. THAT is proper Mining.
As any potential Investor may think, it wouldn't sway ANY seasoned investor to buying FLPC shares. In your opinion, a LOAN? BIG Joke, with all that debt, a poor credit track record and NO sales...ever! If you were a Bank, Would YOU lend FLPC $2-3M to get under way without scrutinising a salient business plan...LOL. Not on your life, you wouldn't. You'd be wanting a FULL Appraisal of ALL the past years Figures with Profit and Loss Accounts to see what the last 3 years NET profit was, and with a big round '0', You'd be laughed out of the Loans Office!!
Correct!!
In case you didn't see it, read the Link below. It's got 'Scam' written all over it. If people disagree, talk to PINK and blame them for putting the details below on a Public Domain. I'm only forwarding what I glean from my research.
If people wish to throw $100's into it, go right ahead! Your money, your choice!
Read the paragraph about Don Nicholson.
http://articles.thehotpennystocks.com/articles/first-liberty-power-corp-pinkflpc-pauses-for-correction/
Good, hope you're right.
'GLPC' is that Gone Liberty Power Corp! or 'Going' LOL.
I hope they never get involved in BITCOIN. It's a highly dodgy currency used by Money Launderers and all manner of 'Iffy' company's, plus it could be a VERY long Time before you get your return and actual value. Don't be fooled about the hype. Read about it online and hope they stear clear of it.
http://www.independent.co.uk/news/business/news/bitcoin-what-is-cryptocurrency-where-use-investment-dark-web-illegal-explained-value-exchange-rate-a8082491.html
TOTALLY WRONG!!
"False accusations have been made for more than 3 years against FLPC.
FLPC was NEVER involved with PPA."
This in itself is false accusation. Show me a post that says that FLPC was involved with PPA. There was NEVER such post. Voaden was PART of PPA but left to become involved with FLPC. The only Link was past employment. There were never direct False Accusation's made to FLPC.
This Forum HAS been subject to such posts. MAINESBEST was one, no longer a Member
Here's one that you may think is false:
FLPC NEVER Mined the 1000 Tons of Ore. It was Mined using contractor's arranged by Stockpile Reserves and Inherited BY FLPC in Builder's Sacks. The current BoD did NOT, as FLPC 'The Company' company Mine it. FACT.
1KGW is once again, WRONG on all counts. However, I still think that FLPC is stringing Shareholder's along and has been for 7 years without Mining which is what they are supposed to do. FACT. If not, why not place ONE post here by FLPC which has benefited Shareholder's (Excluding standard licences). In 7 years, there has been ZERO Follow up that ends by them achieving ACTUAL MINING. All talk, no action.
Where does it say that FLPC is close to Mining. Once the Filing's are made public, then the finances need to be looked at before any Mining takes place. At present, there isn't enough money (at the last count $300K) to even make a dent in the Rock?
That Ore still needs to be processed to attract cash input. (The Stuff Mined by Stockpile Reserves!). What they get from that, if viable, may go some way to pay for blasting a bit mOre Ore!
SILVE: Their agenda is to Mine, no problem... or is there? When the Filing's appear, you will see how much money there is or isn't to achieve true Mining status, that's what you all want. That means continuous blasting, processing and selling. They have to GET to the stuff first, bearing in mind that Fencemaker has been Mined from 1922 and then 1985 and after that, it's been left with no significant and profitable Mining since then.
There's ONE big issue. COST!! Whilst I don't exactly know and I doubt anyone else here does, how much the true magnitude of day to day, month to month Mining Operation's cost. You cannot even accurately guess.
To Hire Plant, staff, loading, transportation, unloading, storage, processing costs and so on, this could cost tens of thousands of Dollars per MONTH, even before it is ascertained as to whether or not enough Ore has been blasted with GOOD QUALITY Antimony in it fit for resale. So far, the existing Ore had insufficient Antimony worth processing (as per the BoD mail ages back).
Whatever the case, FLPC will NOT have enough cash to fund a full Mining Program. If they had $1m spare Dollars, they have a slim chance, but they STILL need to continue the process whilst whatever they dig is being processed. They will run out of cash almost immediately. You can ask Bob via e-mail, how, if ever, he can financially support a proper Mining Program with profit enough to carry it on.
Think about it with all the Debt, I doubt it can be done?
"Does this sound like a company that is allegedly fooling shareholders???"
YES!!! They are just darn good at it!!
WRONG! IF they Mine...and I mean Mine Properly...then perhaps, but they have to keep going and make money, not lose it! Until now, Blasting a few tons of Ore isn't proper Mining because the process has not been complete to the sale stage.
It's going to be a while before you can claim I'm 'debunked', but before you debunk me, you have to debunk the two CEO's amidst their wild claims about their, (not yet) 'Mined in America', based purely upon possibility, not probability, that any Mining will ever take place!
Exactly right. I hope you win something good. Other's are clutching at straws.
The Filings MAY show you where the money went but is likely to be 'masked' by other legitimate outgoings. Don't forget, Bob and Don are without doubt, clever people who may not know how to run a Mining Business very well, but the DO know how to play the system!
RJB: ONLY 1200, I must be slacking! 1201. I think Echo is more of a realist than many here?
LOL!!
I know all about operative 'innuendo wording'. Echo, it won't happen...this is what Bob wrote to me on his most recent e-mail. If you back track on everything they say they will do (apart from renewing Licences), nothing ever comes of it.
So, they blasted some Ore...BIG DEAL! The company is a 'Paper' company; it looks good on paper and that's all. Since inception, they have relied purely on Bravado (that's not a Spanish Holiday Resort!) to maintain the company profile. If you've noticed, and I'm sure you have, there is often a build up as to what they SAY they will do, and then, nearer the expected time, it all falls flat!
When I wrote to Bob, I suggested (Waxy: SUGGESTED not told) that to help stimulate the Share Price, they should consider processing the Ore, if economical, and if so, get some cash into the Coffer's. During this time, his reply consisted of exactly that. IMO, his e-mail was an e-mail of 'Shareholder Appeasement'. Therefore it is my guess the Ore will NOT get processed and will remain in Builder's sacks until it gets put back into the ground as 'Hardcore' or Building material's?
Watch: In time, they will say that we will 'probably' be processing the Ore on a given date. Nearer that date, nothing will happen. The date will pass and when someone writes to Bob about it, he will tell some Cock & Bull story about why they won't be doing it for a while longer, and so on!
We all know how badly off FLPC is. IF they had significant cash, they would invest it in the company and tell everyone what they have done and why. All investment cash is supposed to be put into company growth, not 'absorbed in 'sundry' costs'!!
It's all about Story telling and who better to write stories, none other than Ms Abt...it's what she does?! A novelist...how novel!
Still, she's not bad looking though ;)
A note from 'above'.
Good news!
I have it on good authority that FLPC is in contact with the Flotation Mill Operator and expects to Process the '1000' Tonnes of Or THIS year!
Let's see if it happens. I the meantime, once the Filings have been presented to the SEC, they will be made public and will then be able to create a better a picture as to how the company will proceed in the future?
This is official from the BoD!
'Should' & 'Probably' are supposition's and not certainties, so 'probably' and 'will' used together in the same sentence is actually paradoxical!
Nothing's certain, except Death and Taxes...not even FLPC Filings!!!
Good! Hope it works out. As long as it's great for the shareholder's and FLPC doesn't grate with the Shareholder's!!
Lots of luck and a following wind may give you all a slim but fighting chance. As I said, they need to release news....good news, irrespective whether it means something or not. That's when the SP should rise.
The last update from FLPC was placed on this Forum about May last year, otherwise PROPER company updates about progression within the business has been years. I don't doubt that everyone is cheesed off about it. The BoD should be constantly Badgered for some sort of Public News release....anything, and get their finger's out...which they won't!
Why won't anyone call a meeting to discuss it and lay it down thick and heavy. My guess is they would never agree and if they did, they probably wouldn't turn up at the venue fearing for their safety!!
They are trying to build confidence in investing in FLPC. The cash invested in shares is supposed to:
To develop new products.
Buy more advanced equipment
Hire more employees.
Provide for a merger or acquisition
Decrease debt
To give company owners greater flexibility
To place a value on the company. However, there is NO evidence or Proof that FLPC has ever invested ANY money of any significance that even remotely looks like they will Mine. Basically what was invested has GONE. I wonder where it all went. It's certainly not in Plant. A few Dollars was spent on Licences and Website 'Maintenance', past accounting plus other 'Expenses' like 'Travel' and minor sundries which didn't cost Millions.
The Bod uses the cash as they think fit. Work it out!! There has been next to no value for Shareholder's and almost NO company progress in the direction you are looking for:
Not good is it, but the BoD know exactly what they are doing. It's just pity the shareholder's don't. If they did, the Co would issue more updates rather than keep everyone in the dark all the time.
Unfortunately, looking back, this has clearly been their plan since the outset. They have managed to successfully fool the shareholder's just as they did in the past by making everything sound Rosy and plausible. Not the Shareholder's fault. I too, have been subject to online 'Scam's'.
Nobody can expect a company with a limited budget and no outside support to become a major Mining and producing company. They simply don't have the infrastructure to support their claims.
As far as Waxman is concerned, I stand by my word that from inception, they never intended to do much at all except justify their Claim to Mining by blasting a few Tonnes of rock. Even now, I doubt very much whether the 1000 Tonnes was actually Mined by FLPC and was inherited from past efforts?
What FLPC has done has, in all honesty, misrepresented their claims to each and every shareholder. All the details about Liberty Mill that never really got anywhere was all hype. Fencemaker clearly has Antimony down there but FLPC put it on hold to SAVE COSTS. Why, because they didn't have the cash to do anything with it, and now, they have even less, let alone justifying their 'Mined in America' claim.
Each time they claim to be ready to do embark on something, it ALWAYS fall's flat because of financials issues.
Did they ever sort out you Canadian Trading structure again? Either way, so many Investor's have been sold a 'Phoney' Share and the poor Creditor's have been issued millions of worthless shares in lieu of Payment. In fact, they are probably worse off than they were! I sympathise with a few people on this Forum, but not those who do not understand legal terminology.
If the BoD claim is they are supporting the business from their own pockets (or yours), it's what they SAY and not necessarily what they DO. Personally, I don't believe them. In fact, anyone who believe's most of what they say, need to back track on ALL the public notices just to see how much of the content has actually come to fruition to make a significant difference to anyone's pockets here. A few may have made a bit on Trading the Low's/Highs, but long term, clearly, they have only managed to feather their own nests.
A shocking overall performance and should be told so by ALL Shareholder's who should demand a meeting with the Company Director's.
NEWS IS WHAT YOU WANT...ANYTHING GOOD, EVEN IF IT'S MEANINGLESS (again!).
ATB CE
The disclaimer was served months ago. Since then, FLPC hadn't (at that time) addressed the issues bourn within, but we won't know unless something has changed and they tell you. The requests asked for by their 'New' accountants may still be outstanding. They wanted to FLPC to contact them about a few 'anomaly's in their records. That doesn't mean to say it's bad, but FLPC has a nasty habit of dragging their heel's on just about every issue....even the most basic tasks of updating the Shareholder's on what stage the accounts are at. This will include such simple Public Notices like progress reports. Even if it's nothing interesting, they should still let you all know?
I realize they won't pick a year! It was a suggestion which is why I said they will probably release all o/s years in one hit! It still beggar's belief that this the FOURTH year without a single peep about the accounts/Filings. All they said was in the first notice in three years that it was a 'priority', but overall, it's a very pathetic business that isn't taking their Shareholder's seriously...only their cash. Lord know's what the debt figure will be when they finally appear. I honestly believe that keeping this show on the road with no cash flow is only to bleed what they can before the Accountant's advise them that it is no longer a viable concern and the plug is pulled.
That's the obvious way forward. They won't do a thing until the Filing's have been released. BUT...the 2014 will be the first to hit the scene. The only trouble there is that it will only show THAT year's company position, so they should ideally do the 2017 book FIRST to give an up-to-the-minute state of the company's CURRENT financial position. There's no point in doing three year old books first because that year's working Capitol will be totally different to what it is now! However, they need to carry the debts forward to consolidate '14, '15 and '16 to get Paper Figure's but the 2017 will show actual up-to-date cash in the Bank with which to work with.
Perhaps the accountant's are going Hammer & Tong and will submit all 2014, 15 & 16 in one hit. May even be 17 too?
I doubt very much whether they do anything at all with what's left until they know the true company position, so they will have to do it chronologically anyway. They probably won't have any Tax to pay as there's no profit but I don't know what it costs for Annual Fees to be a Listed SEC Business. I'm sure they will work it out whichever way is best for FLPC!
I may just drop Bob a line and see what he says?!
LOL! That's the new 2018 FLPC trend!
Let's hope so for the sake of all LTH here. Heaven know's how they will pay for Mining operation's though. They need to get the lower cost op's out of the way first and see if it's worth processing the existing Ore to Antimony, but if Antimony prices are on the 'Up', they need to try to calculate whether it's worth spending c$70-80 per c300,000lbs of Ore to achieve ONE Pound of Antimony. If they can do that and it's viable, they can sell for around $8000 per Tonne. Making money available for 'Mining' or perhaps pay the new Accountants?!!
Now there's a question for Bob, Silve. 'Try' him on viability, costs, possible total quantity and see if he's able to somehow Quantify what he has. If he can do that, he can tell you if it's worth it proceeding at current level's. LOL. Bet he can't!! They can cough up some of their $300,000 approx. 'Bank Balance' and use it to try to point this company North rather than the Deep 'South'.
IF they even suggested doing this and went a few stages further and 'set it all up, ready', your Share price will go up. However, I expect he will 'stall' you suggesting that it will happen after the Filings have been released (2014). Prepare for even more 'words of encouragement' from you good old BoD!! Ahem.
You are right. In fact, they haven't mined since about 2013 and even then, all they got was 1000 Tonnes of Ore, now much less after a lot of it's been spilled or left lying around 'on site'.
Don't forget Echo, The have been going for about seven year with selling ONE Ounce of anything! Terrible performance from a Listed company.
The Financial's, or Filings, call it what you like, will show massive Debts. That's a foregone conclusion, and whilst Waxman et al would like to see them Mine, without additional outside support, FLPC will NEVER Mine again as they are Broke. All the Investor's cash has been spent on the 'Folly's' of the FLPC BoD's.
Surely you cannot have several Million Dollars of Investor's cash without something to show for it. Mind you, FLPC has nothing to show, so it's probably all vanished in costs and expenses. I mean, where else has it all gone?
"If you think they are crooks, file your complaints to the SEC and sue them for fraudulent activities"
Why, are you saying they are responsible for Fraudulent activities. I didn't. Neither do I have any complaints, I just make points, after all, it is a PUBLIC FORUM. Anyone can join in!
It would be a jolly good idea if everyone DID write in and complain as per one more recent post. If enough S/H's got together and kicked up enough fuss, you may find the BoD will have to issue and interim, up to date notice to try to stave off 'the ensuing Lynch Mob'!
If you look at one of your most recent posts, you stated to Pitmann that there is "too much manipulation and obstacles". How do you know, because the Market isn't manipulating this share, they're bored silly with it! Nobody is manipulating the FLPC share and the only 'obstacle's' in the way of this doing anything remotely worthwhile are the BoDs themselve's!!!!
It's blatantly obvious, surely you can see through them?!
Over time, I have sent and received many e-mail's from Bob to help try to convince me that FLPC could prove to be a good reliable punt. He hasn't...all I ever get is re-worded e-mail's similar to the one before that and the one before that, etc. etc, as no doubt, you have already found out. it's always 'Jam Tomorrow'. Shocking performance. Lots of talk but never any action that will help this share improve?
Have they resolved the Canadian Share Trading 'Crisis' yet. I haven't seen you mention it so maybe it's now OK. If not, it's just going to drag on and on, like the last three years long awaited Filings. 2014,15 and 16. Soon to be 2017. At a guess, it's going to cost them so much money to get the books up-to-date, they could call it a day. After all, there's no Mining Activity going on and nothing to say there will be. What a mess!!
It doesn't matter what you say or ask of them,(BoD) Bob will spin you a 'plausible' yarn every time. At the end of the day, they cannot be trusted to be sincere about ANY company progress, why, because there isn't any. A total debacle.
Bob & Don have had a pretty good run with FLPC and their Mining Tales of Old! It's high time that if it were possible to call a Shareholder's meeting to discuss a few topics, it probably wouldn't happen anyway. We get them here in the UK, and are able to 'Grill' the CEO and if they don't come up with the goods, other majority Shareholder's can kick them out. You can't do that with FLPC as they ARE the majority. LOL!
It would be a good story in the 'Nevada4news' providing you worded it VERY carefully!! Food for thought there ;)
...." I guess the chances of a successful restructure would be in serious doubt."
It's been in serious doubt for two years, RJB. There's only TWO people running this show. How long does it take?? If you've been in frequent touch with the company all this time, and back-tracked on what they have written to you (as I did), I'm sure you are bright enough to work out they have been fobbing you off with all their 'progressing' innuendo, but just reworded each time! It's why I didn't bother posting mine, simply because it would be getting people's hope set too high when I knew it was all stalling tactics and would come of nothing.
It may have been of help to other's if you'd posted your 'updates' here to give some encouragement to the rest of the Forum. I'm sure most will agree. That's assuming you were happy with the content of their e-mail's to you?
It WILL rise on news if they care to release it...ANYTHING. It doesn't matter whether it's fact or fiction, although the latter is more likely. Nothing changes!!
Season's Greetings to one and all. Maybe 2018 will see them make or break and you guys will make some serious Wedge, if poss.?
It's been diluted so far down, to get anything really worth while, you will have to see hundreds of percent rise on 'great' news. It's achievable, but purely on hype alone. If FLPC write another 'story' and seen to be actually doing something, there'll be money made. Unfortunately, it's not going to happen this year. They need to release POSITIVE Filings first, but with their present levels of debt, plus accountancy costs and no sign of any JV, it probably won't happen.
However, I've seen shares 'magic' JV's out of thin air. They won't tell you who they are because if nothing comes of it, the share will simply drop back.
FLPC is good at writing, they could easily conjure up an 'Interested Party' or two with Fencemaker and play it along for a couple of months! As their Disclaimer says, there's no g'tee that anything will come of it!! It will encourage investment here and at the same time, the SP will rise sufficient to 'Trade the Share' if you have the nerv. Nothing illegal, it's just a question as to how it's worded.
The share I have been in for three years (Oil), did a very similar thing and people bought in and UP went the SP. A few months later, it all fell flat and petered out. Down went my share price to a large loss. never mind, but if FLPC plays the right hand, many could benefit.
You won't hear anything from the CEO about when the Filings will appear, and certainly not this side of Xmas. There lots of complications from other areas that needs to addressed. The filing will consist of many processes as it will involve lenders, former companies and operational items in order to consolidate all the information to achieve accurate Filings. FACT.
Judging by the Board's recent contact, there is 100% no chance of the Filings appearing before Xmas...also a FACT.
If Waxy doesn't believe it, ask Bob and he will put it in his words that means the same! The 15/16 Filings may not even appear until at least end Q1.
Their so-called "Restructure" is just three year old rubbish. There IS no "Restructure"...a TINY Two man 'Virtual' company taking three years to "Restructure" what. It's utter baloney. Most of you with any sense will have long worked that out by now?
You decide.
I don't have a Time Table, neither does FLPC, nor any evidence of a "Restructure". Come to that, there is no evidence of the BoD Funding the company. If so, how much and when?
Although they said they are funding 'Day to Day running of the business', perhaps it's just buying the Coffee and Biscuits, because they certainly won't be coughing up hundreds of Dollars themselves on a regular basis. lol
Unless you had money coming in to pay yourself back, I bet you wouldn't throw money into a non-performing, non profit-making company?
Just because they said it, doesn't mean they did it, (as with many things.) It's all Porky's with not a shred of PROOF, at least, not without the visible Filings as evidence!!