Successful Businessman unlike FLPC
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.
HUBB: I hope you win something, but you are braver than I. It's much too risky. If I could win on betting that buyer's would lose money, I would be a rich man!
I think the only thing that's cooking on FLPC are their Books and been simmering nicely for six years +. Soon be ready to serve just after the Shareholder's have been basted over, seasoned and left to stew for a long time! LOL
HUBB: I hope you have done your research? It is of course possible that IF something is in the pipeline, you could do OK if you can quickly sell, but don't wait once you are in profit. Take what you can get and run. You may only get one quick chance as (if) it Spikes, it could be the only time you see it happen. A few Dollars could turn into Big Bucks providing they come up with the goods. Even if they tell a few Porkies to get the SP up, it matters little. Good luck.
I nearly bought in back in the early days but watched it plummet and continue to do so and seen the reason's why. I only watch these days, but beware as I do believe that the cash they have in the Bank is barely enough to buy a used car from a Slick Salesman wearing a Trilby Hat with a Feather in it!
I see the Website is still not working! It's weeks now, so wonder what's wrong...if anything. Anyone know?
Hope Trump doesn't blast NK. I still reckon Trump is too Gung-ho to his own detriment. Tread carefully mate, VERY carefully!
Don't get too excited unless you see several buys in succession! Once a buying 'trend' starts, it will obviously be very clear. One buy can turn into one sell within days. I've seen it so many times when you see a 'X'% increase, only to be followed by about the same decrease, not only on FLPC but many shares.
Probably the BoD Cronies buying to try to encourage more buying? It needs to continue for a full working week without dips to know that news is due. If the BOD want to jump start this baby, they should put out a 'Notice of Negotiation' with a potential JV partner to get this to Rocket....even if it's not true!!
You need a FOUR FIGURE % improvement in the SP, then you will know something's really going on!
"Big risk and big rewards are possible.
INVESTING 101"
But not with this company with huge toxic debt! The funding topic with it's problems is a reminder for those who may be on the cusp of wasting money here. Their money, their choice but it may save them a lot of grief and distress, especially novices who haven't done sufficient research.
Spot the deliberate mistake. Ha!
This should be item 1.
"The company recognize SEC filings are needed, conversely this will require considerable funds to fully complete and will be addressed as quickly as possible".
Either way, what I get from young Bob is the usual waffle about their awareness to 'fund X, Y & Z' "when funds become available"' Had they not blown all those millions, they would had the available funds but I doubt that was foremost on their agenda?!
Champagne anyone? lol
BeWary:
Here are just THREE examples to PROVE that funding is an ongoing problem and has been for a long time...which we all knew already! It beats me how they can seem to provide "THOUSANDS" of Dollars to keep the company running, yet cannot seem to find a few hundred Dollars to pay an Accountant! Perhaps it's just that they don't want to?
FACTS & PROOF as written in Bob's e-mail's to me over the last several months:
1. "As 2017 begins, expectations are to engage an accountant and auditor to update all financial filings. As funds become available, the “Restructuring Operation” plan will continue for this item and other business strategies".
2. The company trucked most of the antimony ore to a government approved permitted storage site which happens to be located on a tolling mill operation located in northern Nevada. The company anticipates that this location will have the capability to process the raw mined ore into a higher level concentrated material, if and when the additional funds needed become available. (NOTE: If and WHEN)
3. The “Restructuring Operation” also understands the company’s need to fully address the financial filings and proper reporting requirements. As 2017 begins, expectations are to engage an accountant and auditor to update all financial filings. As funds become available, the “Restructuring Operation” plan will continue for this item and other business strategies.
So, you see the pattern is clear. They will always only do things, "if and when funds become available". In any businessman's eyes, this clearly means they are 'skint' and also have NO Money to do anything at all except keep the office itself open. They are as good as Broke, hence Bob's not that they were going to go into Insolvency a year ago. PROOF there's no cash to Mine ANYTHING or further any significant progress. This is another reason why Voaden has set up his 'Begging' Website for funds.
BeWary. You will have noticed that another e-mail has been produced for one of the members of this Forum. I had one like that, in fact it was almost exactly like it! It is simply another revamped e-mail, just the same as all the other's I had. The content of the mail was soooo old it's growing whiskers! There's nothing new in it at all, in fact it's at least 6 months old.
Surely the recipient hasn't fallen for that as recent news? lol In addition, if nobody can understand or visually see that the spiral of Toxic debt has taken a hold, they shouldn't be invested.
If anyone cares to READ the last filings, you have ALL the PROOF & EVIDENCE of Toxic Debt there in Black & White. If it doesn't make sense, have an Accountant interpret the Filings.
It should have started..."Once upon a time"....It's as good as most Fairy Stories get! lol SEVEN Little men have had greater success in a Diamond Mine!
BeWary: It must be very hard for any current investor to accept that FLPC is so far down the Jon, they have little or no hope of ever getting into a situation which will encourage serious investor's to part with their money. Those who have done their research will already know how significant their spiral of Toxic Debt is.
It is of course, up to the Individual to decide whether or not to waste their cash, but they would be far better giving the cash to 'Good Causes' where it will do some good rather than have it absorbed into 'The "Restructure" Scheme'!
Tick Tock!
The WHOLE thing is 'Speculation & Opinion'. That's what Penny shares is all about. LOL. Facts are not Facts until they're announced. In the meantime, everyone will just have to 'assume'...it's how it is.
Willywonka.
If (IF) the Government were to give FLPC a Grant or Loan, loans have to be paid back. Look at what they still owe now. $1.3M..at least. The US Gov. would have to send someone along to PROVE beyond any doubt at all, their Business Plan with EVIDENCE & PROOF to warrant giving FLPC a load of cash, will have to be fully justified.
If an experienced Mining Authorities team assess the Mine (which they will HAVE to) to qualify parting with cash and getting it all back again, they are more likely to walk away laughing at a Mine that has been heavily Mined twice already.
Consider the huge costs of actually getting to the stuff first...that's if there's any worth left. This would leave them with next to nothing if the cash runs out BEFORE they even managed to get any Ore assayed for resale! They will also like to examine the books AND see what sales they have made against off-setting the current Debt in 6 or 7 years.
They will take one look at the filings, then walk away.
The sales Ledger will be opened and closed on the first page which will be blank!
Unfortunately, FLPC hardly stands a hope in Hell of getting any cash at all. It just won't happen. Small succeeding businesses that can show vastly more potential WITH ongoing sales will stand a chance. FLPC can't even restructure their own company inside two years, so NO, no chance at all of any loan!
Willywonka: It was down a while back. Bob claimed it was due to a 'Virus' or some other anomaly? It was brought back online soon after but now, it's gone again! maybe they've run out of Dimes to feed the meter with!? Maybe they haven't paid the server their monthly subscription or perhaps it's simply being update with another load of old trash or even something exciting! lol
All you can do is ask Bob as I did last time. I expect he will give you the old 'Virus' Chestnut again! (Old Chestnut: Figure of speech). Maybe you don't use that term over there?
An 'Abandoned' Mine will have to be proven to still be viable, so who will come along and do the testing to justify Government Funding? Perhaps they could test those old bags of Ore still lying around doing nothing? If MORE testing proved sufficiently positive, maybe they could get a Grant for further exploration in Fencemaker. It's such a small worked out Mine, I doubt they'd be interested, but they could put in a request and see. It will take months. Unlikely to get a sniff at any Grant...to small, but if Antimony is STILL there in large quantities, it may be a different story.
Well, Owl at least you would know the score. It's probably the most ambiguous company on the SEC. None of the Shareholder's really know exactly what's going on. All you know is there is a "Restructure" going on. Are they Restructuring their Desk, or maybe it's the little 'Cabin' they use for an Office? Perhaps they all huddle around a table and try to conjure up the Spirits of the Fencemaker Mine to seek advice and in a Puff of smoke Voaden appears to grant them three wishes:
Wish number 1. To ensure the Filings never get seen. Wish 2. A very clever Accountant, Free of charge, and wish 3. To wish they'd never started FLPC which would make wishes 1 & 2 come true! LOL.
If it's listed, it has to comply, otherwise how are potential or current investor's supposed to know how the company is using THEIR Money. Bod said that they are 'working on the Filings' (like they have for two years!)
If a listed company didn't have to submit Filings by a certain time, it then gives the company a Free hand to do what they like with the cash. They have listed before, so why not now, so yes, it's part of the T&C of compliance with the SEC and also a duty to Shareholder's to be able to see where the money's gone. If they can't do that, it's breaking the Law and they should have their Listing removed.
Look it up if you don't believe me, it's all there in writing. The EVIDENCE.
If the rise was based on news, they'd be champing at the Bit to get it out, which would in turn, encourage other investor's. As BeWary suggests, it's very easy for someone to put just a few Dollars in and make it Rise, but the rises in the Share price is only worth a the equivalent fraction of your lowest denomination of currency. Rises need to be in the hundreds or thousands of percent to make a REAL difference.
If anyone has bought in at Rock Bottom, 100% is good for them, but most here will have been here for ages and holding large paper losses.
Tomorrow, the Share price will most probably go down the same as it's gone up... just as my UK Share has been doing too. Same thing but in Oil. I am also sitting on a paper loss of almost $1000. That's the way it goes.
1KGW:
The company ITSELF is sufficient EVIDENCE. Sufficient Proof was submitted to ****** *** ***** last year around October 1st. A reply was given.
I have AMPLE PROOF and AMPLE EVIDENCE Essentially, I won't be showing it to you, and not posting it here.
Basically, SIX YEARS + of Shareholder's money GONE. A TINY Non-producing company that has managed to fritter away MILLIONS of Shareholder's Dollars to where? Where does it cost MILLIONS to run a NON-PRODUCING company in a tiny Office that has Blasted ONCE with no return on profit. Why is it in debt to over 1.3 MILLION Dollars, why can't they PAY CREDITOR'S what they owe. Because they have less than $50,000 in the Bank (at the last count), so again WHERE HAS YOUR MONEY GONE?
TWO YEARS into a so-called RESTRUCTURE ATTEMPT which to date has come of NOTHING. No significant Ore has been assayed to determine any profit. There are NO FILINGS submitted. Why, because they cannot afford to pay the accountant. It is now alleged to be illegal not to submit accounts of a Public Company inside TWO YEARS....unless they have been granted extra time.
In addition, with NO PROFIT this company cannot FAIRLY be of any use to the Shareholder's at all because it is a 'DORMANT' Business.
So, where do YOU Think the Millions has gone? I doubt you can answer that without saying you don't know and if you DO know...PROVE IT, but you WON'T Know! Not without VISIBLE EVIDENCE via the Filings.
Scam? You all decide.
1KGW writes:
"Nobody is obligated to pay attention to them as well.
(And haven't for more than two years".)
I wouldn't be so sure. There are no Newbies here that we know of. This could mean that previous posts have been very useful to some and saved them a lot of disappointment, but we won't know that for sure, but it's very likely!
The main obligation is from the BoD which is to assure their Shareholder's by PUBLIC NOTICE that FLPC has actually got something Tangible which will entice (or should I say 'Lure'), new investor's to take part in their "Restructure" Scam! However, they have NOTHING to show for their TWO YEARS silence on the SEC, so why should people invest in a company that hasn't made any progress that would encourage anyone to think they will make money here.
Quite Shocking!!
Whitedog: Interesting post. Maybe the Military will one day requisition Fencemaker, plant a Stars * Stripes Flag on it and pay FLPC Compensation!
Antimony could be useful if Don Trump has a pop at North Korea?
1kgw: It's a Public Forum...anyone can be a member and anyone can offer Opinion's, advice or speculation whether or not they're investor's or not. If it's not vulgar, defamatory or libelous, it's of little or no consequence.
Perhaps FLPC could be more successful if they were bought out(that's a laugh!)and get rid of the two Wiley Weasel's at the top so the business could be run properly, efficiently and in the interests of the Shareholders.
I have skin in other games, but the main player's in this 'Game' are the BoD. The game is geared in favour of the Director's, they win, you lose. It's been that way right from the start unless some were just VERY lucky to Trade the dips and troughs.
One begs the question, why are the BoD still here. They must have their reason's. I could understand if they were actually MAKING money, but constant losses is irrational to keep the company going if they could see a viable future. It appears that nobody can as there's nothing at all in place to indicate any significant progress, let alone a trading profit.
1KGW I never tell anyone what to do! I wouldn't buy FLPC anyway. I did consider it very early on, but came to my senses! Whatever potential investor's decide is their choice, but I think the people who have scuppered FLPC the most is the people who run it.
There's no denying it, after all, what have they ever done for the Shareholder except take their money and given back nothing. They have kept you hanging about for TWO years and done NOTHING that would help to enhance their profile...quite the contrary. It's very easy for people to do an appraisal of FLPC and the way the company has and is being run, so they are the masters of their own destiny.
Anyone can see the chart, after they've perused that, they need to look at the old existing Filings. When that's been read, the rest is self explanatory.
I rest my case.
Biff.
You're out of touch as usual. Light Bulbs in most households are not ES (Edison Screw) but BAYONET CAP. Ha ha!
RJB is a fair poster. The company isn't doing anyone any favours though, you have to admit it. They have sent you all nothing in the way of any Public Notices in over two years. You say a Rising Tide floats all ships, but only those without a big hole in the structure.
To be realistic, FLPC hasn't the resources to Mine properly, even with a JV because one needs to prove that Fencemaker has enough 'Stuff' in to attract potential Join Venture Company's. Once they look into the Mine, they will see that it was heavily Mined twice, and not so long ago. It would be a horrendously costly exercise to expect someone to come in and spend tens of $1000 to decide whether it was worth it. For a start, they need to point them into the direction of the 1000 Tonnes of Ore which will give them some idea of the potential by assaying the Ore for themselves. When and if that's done, they will decide if FM is worth blasting further.
IF anyone does show an interest, this alone will boost your share price, but if it comes to nothing, equally, it will destroy it.
Looking at the overall picture, there's too many obstacle's in the way for it to even get off the ground. Lack of Finances is one, and the massive debt, a second. Even if someone did take it on, any money going into FLPC would be demanded by existing Creditor's which would still leave FLPC without significant funds for many years should they last that long. FLPC would have a legal obligation to pay off it's debts with token amounts remaining for business running costs.
I'm sure that IF money DID come in, I doubt anyone would see it before 'huge expenses' would (legally) Spirit it all away!! In other words, the BoD will want the money back they've been apparently been funding from their own pockets...and then some. In time, they could easily 'bankrupt' themselves and show you all a clean pair of heals. Ring any bells (BeWary?!!)
BeWary/RuddyT:
I wonder whether they ever did have the Mineral Rights to Fencemaker. If not, the Ore which was extracted from the Mine should be confiscated by whoever still Owns the Rights to Fencemaker? However, several months ago, FLPC had a deal with Stockpile Reserves company who 'sold' or at least, singed over the Rights (one assumes) who then documented FLPC as the Sole Owner/ Holder/Lessee, or at least have full control over Fencemaker. Now it seems they have no rights at all! It's very ambiguous.
Steve Vogan was the Boss of Stockpile (read about it online), who conducted the transaction, but maybe it wasn't legal and FLPC has fallen foul of the scammer being scammed themselves! LOL
So, who IS the Legal Owner of FM Mine? Someone must know, but it begs the question that if FM is not under control of FLPC, they can't Mine it anyway, even if they could. They would have to rent the Mine if the Owner's Permitted it. If they did, they would ask Money for the Rights, or at least the Lease, but seeing that FLPC has no significant funds, they won't be mining anything now or in the future.
So, who owns it?
BeWary: Exactly! If what they blasted a few years ago was any good, they wouldn't have left it lying around cluttering up poor old Jerry whites land...and it's STILL not properly cleared up.
Essentially, they Blasted they ore just to say they 'have Mined' and are are Technically a 'Mining' company. The fact that it's been sitting around all this time, means it's relatively worthless against the cost of assaying it. It's just going to sit around forever, doing nothing except making the storage place look like an old derelict Builders Yard!
GO4: Been saying this all along and whilst it's the Investor's choice, anyone chucking money into FLPC on anticipation of good things, is nuts! If this was going anywhere at all, it would have happened years ago.
Keep your money, find a more reliable share, this one's dead in the water...has been for years. Look at the figures. They say it all!!!
According to BR, the site had a Virus. I placed this info here a day or two ago. (Or he's paid the server bill!) Bet that hurt! LOL!
Oct. 2013. It's 'worthless' Ore!! Had it not been, they would have processed it long ago, but they haven't had the spare cash to do it, so it will be sitting around for a very long time to come. My accurate guess is that they will never do anything with it!
After TWO years the BoD has been so dilatory, they don't deserve any Shareholder's, they have nothing to offer. What sort of efficient company has 1000 Tonnes of Ore, unprocessed for six + years and moves it from one dumping ground to another?
All they have succeeded in doing is leave a trail of Debt, despair amongst Creditor's and some Shareholder's alike, not to mention poor old Jerry White and his wife. FLPC exist, nothing more and with no cash/income, they won't be moving forward fast enough, efficiently enough to make any difference to your Share Price.
When and if news heads your way, it may make the SP jump into action but for how long? It all depends on the news. Moreover, and most important...will the current BoD follow up whatever they propose? We shall see! Doubtful though?
Will it be failure or success this year? Checking out the past 6 years figures and finances may give you the answer....MAY!
The main mess is they need to sort out the whole of FLPC as a whole, or should it be 'Hole'. A place where they need to try to dig themselves out of. Over two years now and no Filings to read for the people who matter...the Shareholders.
How much longer will they try to Pull the Wool?
I expect they paid him out of Petty Cash! At least they have at last settled up. However, The 'Mr's wants them to come and sweep up! LOL
I am working very late tonight :(
Yes, it's Trump's friends, the Russians.
There's enough Viruses contained within FLPC without the need for more! LOL
Personally, I think it's an excuse for not paying the Server. I see that Nevada 4 News are on top of the Ore Case and dear old Jerry White's bill has been settled after ages.
Result for once and Jerry White must be one of the very few to actually get money out of FLPC through Publicity. Ha!
FLPC's Website is infected by a Virus. This is why it's down. I'm surprised because there should be a secure Anti-Virus Prog. in place, but...
The Ore was moved elsewhere some while back according to Bob. I have known this a while and by the deadline. It's just a pile of 'Rock' which also according to Bob, won't be processed until they feel it's viable to do so because of the small amounts of Antimony which, at the present rate is uneconomical to process. FACT. That's what Bob wrote to me a told me months ago.
(1kgw) FACT. No guesswork, speculations, lies or innuendo. If you want, verify it with him!
1kgw.
"Investors should always do their own research and come up with their own conclusions on what is going on with FLPC or any company."
That means Speculation & Opinion! LOL
One more time just to make the point! Read it again....'PERHAPS'. If you recall, they didn't pay their Internet Connection for a VERY Long time, Nor one of their other Licences, (Mid last year) so it is very possible and reasonable to assume this may have happened too APART from Site maintenance or even issue with their Server.
They haven't released their Filings either. This is due to very expensive accountancy Fees which they will pay when funds become available. QUOTE: BOB REYNOLDS.
Why ask me when you can ask Bob direct? With the way this company STILL is, they were also going to File for Insolvency, which is enough PROOF & EVIDENCE of financial difficulty.
QUOTE: BOB REYNOLDS
Pointless in you trying to twist my words...it won't work. If you are such a staunch FLPC member, I suggest that if you want to know the 'true' answers (which they probably won't give you) and are not satisfied with opinions (the SEC is FULL of opinion), try to get the answers direct from the Horses mouth yourself. It's hardly price sensitive information!!!
Willy Wonka. You are right. Unfortunately, The BoD has been far less than professional over the last two years. They haven't offered investor's a shred of comfort with regard to Public Notices or company progress (if any). They dumped Ore on Jerry White's Land and upset the Family,they haven't paid them for borrowing the land (Fact), they have no accounting records for Investor's to read and they have Creditors baying for Blood who they can't pay. A number of them have been 'sold' worthless shares in lieu of Payment.
It would be good if there was somewhere to direct people to if the site happens to be down, so yes, a Link...but a Link to where? I don't think they would have a 'Ghost site' duplicated to assist Investor's who want to read about FLPC, but if it's only short term, it wouldn't be worth it, ie a couple of days. Nonetheless, Bob should at least make an entry on Facebook to explain why it's down. It would only take a minute or two, but I doubt he's that bothered.
Terrible state of affairs really.
It IS down, I've tried. It could be down for maintenance or perhaps they haven't paid the Fee for keeping it online which is more likely.
Ask Bob Reynolds.
1KGW writes: "Nothing but conjecture, opinion and Speculation..." You left out ONE other important factor which applies to FLPC more than just about ANY other Share, and that's....UNCERTAINTY.
If you haven't noticed, Share dealing is made up of conjecture, Opinion and Speculation. If those few vitally important words didn't apply, there'd be no such thing as Gambling. Its' what it's based on, ESPECIALLY uncertainty!
In the case of FLPC, we are certain of ONE thing: a guaranteed loss to date for anyone who has been here longer than 6 months. A sniff of profit and people would have sold up a very long time ago!
RBJ: The gears have long since seized up. If it can go for two years with nothing at all, it will go for three, that's if they last that long? They are taking the 'P' out of their shareholders. As Banbob has written,they have the majority vote, so nobody can do anything about how it's run but just tell them on an e-mail how you feel and they will respond. It doesn't matter what you write, they will say the 'Restructure is progressing' yada yada, which, if you believe that, they are happy. All they are doing is stalling for time. One day, this forum will vanish and FLPC will be gone and the chances of contacting any of the BoD will be nigh-on impossible. It happened with PPA, but they won't tell you much here but probably just blow you a goodbye kiss!!
I am awaiting a reply from BR, if I get one, I will post it here. I except he's supping a Malibu on some Caribbean island in de sun!
Basically, they don't care any more. If they did, they'd offer more news on a regular basis...like once a year!