Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
If you are trying to describe me, you are far from accurate. I have plenty of shares in CRQE. I am not looking for anymore. I actually think this company could make it, but I am not just going to blindly keep posting how it will be $XX in a certain time if we can't even meet the goals set by management (through the JDA, announcements, etc...) in the short-term. We are the investors and we have bought into managements plans by becoming investors. We need to ensure management is keeping their promise to maximize shareholder value by doing what they say they will do. If they cannot do that, then they must inform us of the circumstances. Also, it is not feasible that Management or a contracted IR firm would give individuals any material information, without prior publicly distributing that information.
No, you and I will have to agree to disagree on that. If you would like to discuss it more, please feel free to enlighten me. But, I have a copy of the signed JDA with me, with the attached term Sheet.
Still not an answer?
So, the Public relations firm contracted by CRQE is giving this information out to individuals, before it is public knowledge.
Again, you believe that a publicly traded company would give the below information out to anyone who calls, without making an official announcement beforehand? You can copy and past someone else's response again if you want, but that does not answer the question.
Quote:
Has anyone talked to Michael at investors relations ? If not you should we are getting close to a big Acquisition
Looks like 3 power plants everything lined up
All Financing is in place just waiting for the gov. agency to approve acquisition. Supposedly cost of the 3 plants is around 30million
Does not happen over night they been working on it for a while looks like we are close
So, you believe investor relations at a publicly traded company would tell any individual investor that calls the information that was posted here? Without making a public announcement of this vital information, they will just blindly tell anyone who calls. Alright, makes perfect sense.
No, CRQE Public Relations has not put out any information like this. I am asking someone who posted this information to clarify his statements.
Welican, I am asking him to clarify his statements. The words below are taken directly from four of his recent posts today: Has anyone talked to Michael at investors relations ? If not you should we are getting close to a big Acquisition
Looks like 3 power plants everything lined up
All Financing is in place just waiting for the gov. agency to approve acquisition. Supposedly cost of the 3 plants is around 30million
Does not happen over night they been working on it for a while looks like we are close
So, you are stating that investor relations at CRQE has told you, an individual investor, that they are about to acquire three plants and that financing is in place.
Ghost, are you saying that the 10K/Q will be late due to a material event or are you saying an 8K (for some material event) is being delayed?
My agenda is to discuss the issues relevant to CRQE now, not just be a lemming that continually touts old news, with no realization of what is expected to happen and what has/has not materialized according to management's obligations. Also, I don't want your shares. I currently possess the amount I feel is a safe investment in this stock.
Kownski,under the Cat Cay JDA, CRQE is to "Complete Definitive Agreements and PPA" by July 15, 2015. The Definitve Agreements and the PPA (Power Purchase Agreement) would be a material event for CRQE. These agreements are the contracts and a major source of new revenue, expenses, etc... for CRQE.
Also, per the JDA, two new entities (subs) would be formed:
"Cirque Energy Bahamas Development, LLC" and "Cat Cay DGU Station, LLC"
Have they been formed?
Not trying to spin your words, but no matter how any of us say it, it is a JDA signed by CRQE and Cat Cay. It may be based on a Term Sheet, but the agreement is the JDA.
The JDA says CRQE should have the Complete Definitive Agreements and PPA by July 31, 2015 and CRQE did not. If CRQE did, it would have been a material event.
So, again, it is a JDA, not a Term Sheet. Your own reply says it's a JDA based on a term sheet. Also, I see we agree that it is a schedule that has not been met and there have been no announcements as to why. Not only that, CRQE is scheduled to have Project Financing by August 31, 2015. That is 11 days from now. How likely is that to occur?
You also bring up Midland being over a year old. When/what was the last update from CRQE for this? How about the NOC JDA that terminates in November 2015?
One: Term Sheet -- Really, why does it say "Joint Development Agreement Dated May 13, 2015" on top?
Two: The JDA listed it's own schedule, to which the "Complete and Definitive Agreements and PPA" would be complete by July 31, 2015.
Three: If CRQE/Cat Cay had entered into a Definitive Agreement and PPA, it would have been a material event. We would know about it.
Four: While the "market" may be small, it is still the market for CRQE.
You may think it is good, but I don't.
Since CRQE has not met the timeline in their Cat Cay JDA and no information has been forthcoming on their currently awaited filing, it is inevitable the price will fall. The market knows what is due and when it is due. Failure to meet these obligations does not bode well for the stock price.
Also, in the near future, the NOC/CRQE JDA (not JV) expires in November 2015, unless both companies extend/replace it.
Well, if I am reading the JDA with Cat Cay correctly, we should have heard something by now, since by July 31 CRQE and Cat Cay were supposed to have a completed Definitive Agreement and PPA. Also, by August 31 CRQE is to have completed the Project Financing. This information comes from Page 4, Section 10 of the JDA.
So, we probably should have seen at least an announcement on the completed Definitive Agreement and PPA by now, or a reason for the delay.
Well, they know that increasing the AS to 5B would leave them around 3.5B shares to sell. Even if this falls to $.0001, they would make $350K to line their pockets with prior to concluding operations. Then they just move on to the next charade.
Pitt,
As a fellow long, I concur with your sentiments. I really don't know if it is just inept leadership or willful deception, but this management team is severely lacking. It almost seems like they have a long-term goal for the company, but no solid short-term objectives to reach that goal. Each time they have laid out a plan, it has not materialized and there is no follow-up as to why they dropped that plan and moved to the next scheme. When Fencemaker open, I was excited as FLPC had moved from an exploratory company to an actual mining company. Then, without informing shareholders, they closed down production and went silent for months. When they did start talking again, the new plan sounded feasible, so we longs averaged down and stood behind management once again. Since then, old plans kept evaporating and new plans were laid out. Remember the gold mine that was going to make us run-up again? Yeah, dead in the water now.
Now, we are at .001 and it is not looking good. The pumpers are still telling us it is a good time to buy, just like we heard at .06, .05, .04, .03, .02, .01, .005, etc... Well, with the current dilution planned, I cannot fathom it staying above .001 much longer. Of course, when it gets to .000X, we will hear how it is a great time to buy -- great stocking stuffer for the kids/grandkids.
As the great G.W. Bush once said: "Fool me once, shame on you. Fool me twice, ......... you ain't going to fool me again."
Mainesbest,
Great post. Are you able to post (or list) the flowchart you referenced?
Thanks.
The only reason FLPC management is talking to us now is because they want an AS increase. Void of that, we would still be in the dark on FLPC events.
Jotuk6771,
You may want to check on that. A simple-shareholder has (claims to) been given confidential information that other shareholders have not been advised of in the normal course of business.
Mainesbest,
First let me thank you for the many contributions you have made in the past to this board. As an individual holding a good amount of shares, I appreciate your input.
Next, though, I am dismayed at your latest posts, which seem to signify you have been given confidential information by an FLPC board member, that other regular shareholders (such as yourself) are not privy to at this time. Do you understand the implications and ramifications of this claim?
I await your response or the response of Citizen Bob, if he is who we tend to believe he is on this board.
Says "Mr. Credibility".
Vlftraders -- They were probably trying to private message each other through Facebook and messed it up by using the normal posting. When they realized it, it was deleted from the Facebook page/posts.
Labradorite, the communication stopped when Murdock arrived. They communicated early-on as they needed shareholders to buy their dilution, thus keeping the company afloat. Now, with Murdock, there is no need for shareholders to buy the dilution shares as Murdock is finding investors. So, no real need to keep you happy and buying any more shares. You (and I) are now the little fish that don't mean much to management anymore as our usefulness has expired.
Pittman, while I agree it may be a "bad" decision from our perspective, from a larger business perspective it is a necessary move. Murdock is probably shopping around some FLPC debt -- either loans, shares, warrants, options, a combination of all the above, etc... Loans can be paid off and extra shares can be bought back by the company when future revenue exceeds expenses, but right now FLPC needs the financing to advance their strategic vision.
I believe this stock will be worth a good amount in the future. Antimony should get it to about $0.22 per share, Lithium a much higher price and Uranium even higher, but that will take time. Having read many of your posts over the past year, you seem to like to get-in and get-out quickly, with a profit. That is a good strategy, but the time for that with FLPC was when it went from $0.007 to $0.08 at the end of last year.
Also, Murdock may have cut a deal already that in-the-know investors have heard of, thus expected dilution or debt are making our shares worth less.
This is now a longer-term play and it does hurt to see other opportunities being played out while your money is tied up in FLPC. But, it is a choice and we don't know when FLPC will come out with the right PR to make the price appreciate, thus we stay here, waiting.
I agree, this is pathetic, especially since any investor can compute the amount shipped (from their PR) by the probable $$ per ton, and estimate revenues.
I think the bigger picture is multi-faceted, in that 1) Investors see the price being controlled, more than likely by Murdock's associates trying to keep it in a certain range while purchasing shares 2) Management has gone from being very open and forth-coming with information, to putting out a say-nothing PR about information we already know/understand.
This is the price we pay for being a minority investor in the OTCC. Murdock has control now, share price will rise and fall on their command. We are along for the ride, not the driver. Management will try to appease us, but they answer to Murdock now.
Pittman, I think it has to do with what Longstrider brought-up. The list of questions need to be answered before we see significant share appreciation again.
We know that FLPC books their revenue when they ship the ore, thus they could have included the revenues earned in this PR about "shipping" the ore.
Why did they fail to include it? Could it be Murdock has not approved it? This is obviously a well run company and I applaud the leaders, but they have now turned the company over to Murdock, who will be calling the financial shots from here on out.
When Murdock lets them know they can release revenue numbers, they will, and I think most longs expected something different from management than this.
So, as a longer-term investor in FLPC, I am as well disappointed, but I understand the need for Murdock's involvement. Thus, I will await the revenue, expenses, etc... like every other minority investor.
Or the last dilution before revenues.
Sm Caps,
Yes, something bigger is keeping this down, When Murdock Capital and other investors let FLPC management know they are ready, we will get revenue information and the price will not be bound in this range anymore. You and I are small fish in this big ocean. The big fish need to collect enough shares at the right price first.
Also, note that FLPC does not recognize revenue until the product is shipped, thus we will at least wait until that event has occurred before hearing any information.
It will come, but we must be patient in order to reap the rewards along with the big fish.
Westba, I agree with your evaluation.
Dockzef,
UAMY has 61.7M shares out, FLPC has 552M out. That is almost 9x the amount out. Based on FLPC antimony production/revenue equal to UAMY, the FLPC price would come out to be around $0.225 (22.5 cents), as long as shares out do not change, etc... I hold many shares and have held them for a while. When anyone brings up UAMY and states it's $2 price while referring to FLPC in the future regarding antimony, we really need to make sure the comparison is reasonable.
Going from here ($0.034) to $0.225 is still almost a 7x return on a penny stock, which is not bad. No need to make it seem like more, just need honest calculations and comparisons between knowledgeable investors.
From that point, if the mill starts or if lithium mines are brought on-line, then there will be a re-evaluation of the FLPC stock price potential. As for now, I think the above is a good basis for the FLPC near-term future.
So, if we were to believe that FLPC's market cap should be the same as UAMY ($127M), and knowing that UAMY has about 63M shares out & FLPC has about 548M shares out, then FLPC is basically a $0.23 (23 cent) stock when our production capacity, revenues, profits, etc... equals that of UAMY (at current share structure). Now, of course this is just a quick comparison, but saying that UAMY is $2 without comparing the share counts is misleading.
I have found that Scottrade limits me to 4X the current stock price when setting a limit.
I agree, although, I believe with properly worded and properly timed PR's, FLPC can run to $0.20-$0.25 assuming no further significant dilution, etc...
1Kgwxman, After some research on the previous 10K's, they use a firm called De Joya Griffith, out of Henderson, NV. DJG has offices in New York, Chicago, Las Vegas and of all places.....India. DJG is not a large auditing firm, but it is not a small one either. I also noticed that their last two 10K's were late and they had a few 10K/A's (amended). Not normally a good sign if the past 10K's were late and each one had to be amended after filing -- most audit firms would not be happy with these events. But that could all be reliant upon the fact that FLPC has no accounting section yet, just a CFO.
Maybe, with revenue and increased profits we will see some better financial reporting pertaining to filing deadlines. Bottom-line: I am confident that after Enron and Sarbanes-Oxley, if there were a problem with FLPC financially, DJG would end their relationship, as it could put DJG on the same path as Arthur-Anderson if they ignored it. So, it is a good sign they are still retained and willing to be FLPC's auditors.
1kgwxman, please check with Bob to see what firm FLPC has as it's Auditor's? Does FLPC have their own accounting staff to create the 10K or is it up to management? When they are through with the 10K, how long will it take for their auditor's to provide an audit report? Thanks.
Has FLPC stated who the buyer/purchaser of the initial load of Antimony is? I have heard they have a buyer, but have not seen any PR's that state who it is?
Jestiron, as per the SEC, any material event must be reported (via 8K) within four days of the event taking place. If WMIH had made an acquisition, we would have been informed, unless it just happened <3 days ago. As a WAMU/WMIH equity holder for many years now, I see credence in the wait for the two-year NOL liberation as a marker for the next event.