I love how its been holding its own... The worst is behind us.

Look out Loretta.

Here's to hoping for Nevada... Then here's to hoping the big money starts connecting the dots.

If we can get our name and Tesla in the same sentence or article from a reputable investor or media outlet, look out Loretta.

Dilution is dilution. It has no degree.

I've been invested in companies that have diluted responsibly, to pay for their business operations until revenues hit. That's why they are here.

700M a/s is not that big of a deal, nor is the number of outstanding shares. There is still plenty of room for growth pps wise.

SMC has raised some valid points over the few months that I have been following this board.

Dan and WWW's bashing is just baseless, however. Dan was throwing the suspension card around everywhere today.

I have no problem with $270k a month dilution if it leads to bottles in stores. They're obviously spending money to sponsor all their event, on their marketing firm, and their money TV appearances.

I'm just saying, I would be more concerned if MRIB was the only application around that time period that hadn't been approved.

I have yet to find one that has been approved, so I'm not worried yet.

Also, by looking at them, it seems like if there were any protests that it would be listed on the summary. So, all the stuff DanTan was talking about a hearing on their "character" or whatever... there doesn't appear to be a formal protest.

On another note...

Looking through the CA ABC's records, you will find that there are a lot of licenses that are currently pending. Some older than MRIB.

It appears that if there were some kind of issue, it would be noted on the summary, as some of my examples demonstrate. The whole list of licenses and status are available. I'm working on a way of systematically going through it and finding application and approval dates. I'm interested in finding out if there are any applications around the same time as MRIB that have already been approved.
http://www.abc.ca.gov/datport/LQSdata.asp?ID=75594083
http://www.abc.ca.gov/datport/LQSdata.asp?ID=73430791
http://www.abc.ca.gov/datport/LQSdata.asp?ID=75623838
http://www.abc.ca.gov/datport/LQSdata.asp?ID=71096038
http://www.abc.ca.gov/datport/LQSdata.asp?ID=76810447
http://www.abc.ca.gov/datport/LQSdata.asp?ID=76512866
http://www.abc.ca.gov/datport/LQSdata.asp?ID=75623732
http://www.abc.ca.gov/datport/LQSdata.asp?ID=75628874

I'm not sure why everybody is saying there is no dilution either. Seems to me that they have to be selling shares.

With a 700M A/S, though, it can't get that bad. The second I hear R/S I'm out.

It's likely? You were talking before like it was fact.

And that's not evidence of anything. You're implying that a perfect applicant that is 100% forthcoming and has no complications or bumps in the road would be approved in 45 days. That's simply not true.

Decent day.

Green 7 of the last 10 days.

The conference is a must. Hopefully we get news this week confirming their attendance.

Do we see any news coming out before the 10q?

A lot of people argued in December that they didn't even need a license.

In my opinion, this gaps up about 25% once the license is listed as approved. I'll be among the ones selling.

Millions of dollars are riding on a license that costs a few hundred dollars. And they're pushing back other contracts and agreements to focus their resources on the US, when they can't sell it here.

If there was no problem in Brazil, do you think this is a better option than having regular shipments to Brazil?

I'm not worried, but if volume dies again this is going right back down.

We see what just a little bit of buying pressure can do. I don't like squandering all the momentum we waited so patiently for. The last few times we got on the breakout board or the most read board, it didn't translate into anything.

Let's get a nice bounce tomorrow and send her right back where she belongs.

There will be plenty more runs.

The bid is thin too apparently.

Guess we ran out of new money.

Which MM is doing the bid whacking?

This is when we caught on fire yesterday.

Lithium must be behind their blue chip comment.

You're not hearing anything from them until the license approval. They painted themselves in a corner on that one.

If it is denied, then this company is hopeless. I think the stick price is floating around in the right range right now considering the unknowns, but license approval and distribution to US stores completely changes the situation.

Who thinks they have similar government issues in Brazil? You have to either agree that they either really botched their plan or that there is some other reason why they haven't started shipping their product.

Absolutely agree with this.

It was just a bad day, if it happens again then we might have something to worry about. A lot of people saw 75% plus gains over the last few weeks. Not surprised to see a sell off.

We will find out one way or the other in the next couple weeks.

So, we have some more things to add to our list of potential developments.

The antimony conference is a big deal. That will get them a ton of exposure. Like I've said, this has worked out for me before with pennies going to industry conferences.

Let's suppose Tesla chooses Nevada. What direct impact could that have on FLPC?

Here's to seeing a lot of new faces this week.

After this morning, I thought we would be in for a slow couple of weeks.

Game On Dude!

Can I get an amen.

Do you know when in March it is due?

Lol... How is the license being held up?

If what you say is true, you are asserting that the license would be approved already under different circumstances.

They have either painted themselves into a corner here and the gig will be up within the next four weeks, or they have nothing to worry about. With Senters on board, I'm willing to bet they have nothing to worry about.

What will your point be after the license gets approved? Or will you just move on to your next assignment?

It seems like they pulse the dilution every other week, with one week of high dilution around 5M shares and one week of lower dilution anywhere from 0-2M shares.

So, we will see what happens this week. This is the first time they had 4 consecutive weeks of dilution since the September/October... and we all know what happened shortly after that. It will be interesting to see if they break their high week low week trend this week. Hopefully the $100k investment and the revenue from their trial shipment will help offset some dilution over the next few weeks.

They've diluted probably close to $600k this year. We should be getting a nice, beefy PR about how exactly they have spent a lot of that money.

I'm still forming my investment philosophies. Here are some of my thoughts. Any comments are welcome.

With regards to FLPC... there is obviously a wide range of possible valuations you can put on the company. Right now, there is a lot of uncertainty about what the future profitability of our awesome company may be down the road. There is also a chance that not all of their future expenditures or mining ventures will turn out as well as Fencemaker. The only value they have at this point is their capital, the company they have built, the cash flows they will be receiving from Fencemaker, and their property rights.

Most of us think that we are undervalued and are making the wager that we will be right in the long run, but I think right now we are probably in the range of arguable valuations. It's unfortunate for us, however, that we are on the lower end of that valuation. We could just as easily be at $0.05 - $0.10 right now.

What makes me feel comfortable that we just saw the bottom end of our valuation? Well, there hasn't been any good argument (based on the fundamentals of the company) why we aren't. When ever the stock price gets high enough that people start coming up with good arguments, that's when I feel like we will be at a valuation that is closer to fair value.

For the price, FLPC is one hell of a long investment. Great fundamentals and potential. This is just a blip on the radar and in a couple months we will have forgotten all about these last couple weeks. In fact, we will probably be stressing out over a period when the price drops from 0.10 to 0.08 during another blip.

I think any good market needs short selling.

To me it is like the money multiplier.

There are so many outstanding shares, but if those shares can be lent out, the the supply of shares is multiplied. I'm not exactly sure how the whole borrowing of shares works, but it seems to me like it would just inflate the number of shares.

Are shares treated this way? Like, if I have shares in my brokerage account, can my broker lend them out? My brokerage has an obligation to give those shares to me as I demand, no? Is it treated like money in a bank?

If this is the case, then if everybody that owned shares added them up, wouldn't the total be larger than the actual number of outstanding shares due to the fact that there are people that are short (or have negative shares)? Summing up all long and short positions should come out to the outstanding share count.

You borrow shares, wipe out the bids by continually slapping it, pay people to come on iHub and relentlessly bash the stock, drive the price down, get people to panic or trigger stop losses, then buy them all back up on the ensuing sell off.

That's my understanding anyway. In pennies, this can do a lot of damage. In order to get the stock to go back up, you need demand. A lot of investors at this point may lose faith in the stock and not get back in. Others will get back in low and take profits along the way and even those that stayed in through the decrease may get out once they recover some of their losses.

Hell, even I tried to dump some shares this week around 0.025 because I thought I might be able to get back in at 0.022, increase my position by 10%, and average down. In fact, I've been able to increase my position by about 25% over the last few weeks without increasing the capital I've invested. I wouldn't be able to do this if people weren't slapping the bid and when there is a 25% gap between the bid and ask, like we have seen here over the last two weeks, and people are still slapping the bid, you have to figure it's short selling trying to induce panic.

Just my take on it.

Looking at the weekly chart, is this our highest end of week close?

What a bunch of pricks. I hope someone paints the ask before close.

Maybe no dilution today?

Come on power hour... Push us to 0.03. Give the boards something to look at over the weekend.

It's the opposite of the last week. Movement early and nothing the rest of the days. Hopefully we have a hod close.

It's a real snooze fest here. I guess yesterday was the business update we were expecting... Still crossing my fingers that they're just tying up loose ends and reviewing their summary as we speak.

Come on volume! At least we are not getting crushed on the low volume like that few weeks.

We need volume. Let's hope this caught some people's attention over night. It was disappointing to only have 4mil in volume yesterday.

So, do we think we are going to get an update tomorrow?

Ok. Good point. It could easily get there, but it is over valued at 0.2 unless people are actually buying it. Hype can take it up that high.

I'm here because the market cap is so low and I think there will be a product on store shelves soon. A small company that has a product that I can go to the store and buy... I like that. I'll try it and I'll have some bar owners I know push some and I'll see what people think.

If people like it and actually buy it this time around, it can absolutely be a $100m company over night. If people don't like it and don't buy it, well then the stock is overvalued right now.

You might get to 0.10 when it hits the shelves. 0.20 is going to require a couple quarters of revenues and some information about reorders.

Where did our volume go :(

A nice power hour can really set us up.