Successful Businessman unlike FLPC
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Two people from the UK doesn't really count as 'Interest' more Intrigue. Interest is for serious buyers who will ONLY buy if the results of the "Restructure" proves positive. After all this time with NO news, something is very obviously amiss and there are still only a few people who keep buying and buying without knowing whether they will still have an active company a way down the line.
I would never knowingly chuck money into a company that I knew were never obviously going to get anywhere! Anyway, keep feeding the cause and who know's, you MAY win? I know at least three people who won almost before it really got under way. LOL.
Where is 'Plenty of Interest'? I have looked all about on the 'Net and I can only find adverse comments. Tried Facebook too, same story. A few stalwarts here but that's all. I'm sure someone can place a few Interesting editorials to place here.....encourage a few 'not-sure's':)
1KGW: Why not ask them for PROOF that it could be a scam. I haven't seen any hard facts myself, only the filings which says all, but not a TRUE Scam as it hasn't been proven, but it doesn't look good in most peoples eyes, so it would be a good idea if the BoD told you all how it is instead of simply 'Progressing Foward, but towards what? It means nothing without substance. Try asking questions on Facebook, see what he says.
No, but the rider doesn't always win and can get trampled on and end up nursing their wounds. Lots of evidence across the Globe. No penny shares are reliable, least of all now, most of all here, equally bad with my share. Invariably, only the CEO and Directors seem to do OK (in any share)as long as the investors keep on investing and the company is in cash flow, they don't suffer. Mostly the Shareholder's do. Our risk.
CEO's do foul up, they step down with a massive hand-shake: Thankyou for messing the company up, here's $100,000 for the mistake.
So, who will be right. The 'No bid coming' crew or the Sky Rocket riders? It's a real pity that BoB and the rest of his motley lot can't tell us whether they WILL comeback or dissolve? They will have some explaining to do if it all goes up the spout.
Shame on the BoD for the long suffering Shareholders who have no idea if this is ever going to resurface as a progressing business.
Here we go again! Facts have been placed here but still nobody believes that FLPC is taking their shareholders for a ride. It's been happening from the start but people are still buying without a business plan. A great way to lose money!
MetalHead: Everyone who hasn't sold up and gone elsewhere is focused on FLPC making a comeback. They have firm views but blinkered to not accepting the obvious despite being plastered all over the Internet that FLPC may well have scammed the Shareholder's into parting with money which will never give them a return.
Those who continue to buy without FLPC offering a business plan is chucking cash down the drain. Their money, their choice but it is laughable to some degree that some people buy shares into companys that are appear (at this stage) defunked!lol
HUBB: The long and the short of it is, that FLPC have played into the Shareholder's hands by producing a good Website and writing a lot of possibilities to make it look much grander than they really are or intend to be.
The have earned the title of Junior Mining Exploration & Development Company. I'm sure that you are a very reasonable person, but consider the last 5 full years and see what you have: Huge debts and no production. There's no money in the Bank of any consequence, the BoD are funding the day to day running of the company, no production fit to sell and at one point, insufficient funds to pay their Internet Provider, or something on those lines.
You may be wondering how they managed to spend Millions of Dollars within a NON-producing company? So are we! The Filings have been withheld pending 'whatever'. This "Restructure", IF it exists, is all about Debt management with funding, that is to pay off those Creditors who keep banging on their door asking for money.
IF and only IF they get funding, they have to service the loan, so, how will they pay the funding company when the company will not have enough spare cash for very long to initiate REAL Mining?Basically, they can't, not in their present form. A JV IS the only way forward with less costs involved.
They may have worked out a Cunning Plan for the short term to lure Investors once again, but they cannot possibly last the course. It is my opinion (on this public domain)that the company has almost NO chance of ever turning a profit. If they could, they would have done it over the last five years, but they haven't, so what make anyone think they will do it now? They MAY even be setting up another company, as it cannot possibly take more than one year to organise a simple "restructure" with 3 or 4 people working in an office!!
Think about it. It would be interesting for everyone to hear your views. If you don't want to take notice of use Brits, fair enough but I/we wish you good luck with your current holdings. CE (yes, I've written it all before and one or two folk on here will remind me of that but I'm not bothered. Now, I'm off for a break for a while and away from the Stock & Shares :)
1KGW: The whole thing is theoretical, or should that be Theatrical because it IS no more than literally that.....farcical, a play that's not really about anything much except words which leads nowhere at all! So far, FLPC is just that, at least for the last year.
As far as Adding and Subtracting is concerned here, Subtracting is very easy and they have got 100% full marks on their Subtraction Papers (lol): Millions of Dollars - >Millions of Dollars - Debt = <0 = deficit!
HUBB:
Hubb Thursday, 09/11/14 08:59:04 AM
Re: bontooth post# 55465
Post # of 66136
....... he is making money, FLPC IS WORKING ON TOP OF GROUNG NOT UNDER GROUNG
I think you mean GROUND!
In your post here today, you say that you have been DOWN the Shaft. If they are working ON the GROUND, where is or where was the 'Shaft' (Please don't sing 'Shaft'!) They are not into mining like that because there is no record of paying anyone to go down any shaft and do any Mining....nor Plant Hire, nor Workman's Wages!
What do you know about the "Restructure" Process. Has Bob said anything to you in the last few days? All the Shareholder's would like to know, please.
Thanks :)
You can get millions for just a 'few Dollars', a you know. The only problem you will be faced with is trying to sell them again should a rise in the SP be imminent. Everyone who is till left holding here will almost certainly have to sell in tranches, then it's a question of how the Share Price will hold....if it does. Almost better off keeping hold of it until you know whether or not they still exist.
At present, there's little sign of life in FLPC except that the website is still up. IMO, they just aren't playing fair with you guys.
Metal Head. "REVERSE SPLIT BEING HEARD" IS that so, kindly post the source for all to see.
I think that if anyone has come this far, selling would be defeatist, scam or otherwise. I have a been in a couple of shares where the SP has tanked but stayed in all the same. It is best to stay in to the bitter end rather than sell, because it could just recover so one's losses could be minimised. I would kick myself if I sold and lost shack loads of cash just to see it rise up again. At least if these guys do go under, then you can't blame yourself for keeping positive.
Selling this late would create a few sleepless nights wondering what the next day would bring, so HOLD! IF in the unlikely event it IS a scam, the losers are the shareholder's, not the CEO/BoD as they are well covered unless it's proven to have been illegal. If it is, 'payment' to the shareholder's is justice. It's unlikely to come to that here.
I am in a share called RRL (oil)on the UK AIM. The CEO, Peter Landau who in my original opinion (7 years ago) was a scheister and not to be trusted, (and he was a Laywer) but nobody believed me. He has just had his assets frozen for some alleged wrong doing, but yet to go through the Australian Court in Perth whilst they gather evidence.
This is a Fact and available to see online. I bought into that share at the UK price of 15.9 pence, it is now worth 0.0025p, so I have lost a lot of money with little or no chance of getting back even 25% of it. I am still holding, so I would think that it's wise to hold here just in case.
RJB/Pitmann. One thing for sure is that I am NOT happy to see genuine Shareholder's being 'turned over'. I am also a shareholder in another company in the UK, and in the last week, I have managed to lose 'on paper' about $900 (USD Equiv.)
The problem for me and others are faced with is that the Markets tend to drop the SP 'Willy-Nilly' at just a hint of bad news which exacerbates an already bad situation. It is my belief, however good or bad the AIM or SEC equivalent is regulated, is that the Market Makers will 'walk' a share down even after good news just to activate stop-losses and capitalise on re-sells of those shares and ANY slightly negative situation.
'My' company recently won FOUR Oil Blocks ripe for production (after extraction). The Oil IS there, but we all thought that for the sake of argument (I will use cents loosely here)is that the current SP was 2.5c. Once these blocks were won it would rise to at least 6-8c, but No, it DROPPED and kept dropping to 1.27c. Now the Forum is really pissed off and many have sold up.
I DO empathise with you guys, but one doesn't really know whether or not you really are being scammed. The lack of news has to be worrying, especially as the BoD is acting very aloof, but it would be much fairer for them to at least let you know something one way or the other.
I know what it's like top stand losses (currently c$7000) on my holding. Because me and few others were forecasting significant drops due the Price of Oil, Syrian Issue and now Russia/China problems and the overall possible collapse of the Global Economy (based on lowering production in China and Oil 'Glut'), very few share prices will be much good for some time.
All I do is place a 'forecast' as to which way MY share may go, and get 'shot down' (as do others) for a negative (though realistic) approach. Now the SP has collapsed on my share, and a few of them choose to have a dig because I was right. As far as FLPC is concerned, it's the Not Knowing which does breed anxiety and a degree of negativity, and I can't blame those for feeling this way.
As I said, I do NOT like fellow Shareholder's to be turned over just because the BoD aren't being fair and forthright with those who keep their company going. All the time they are not earning, this rather dodgy situation is not going to get any better for now. FLPC need to come up with the goods quickly for you now as the longer it goes on, the more ambiguity there is about it actually proving to be a good performer, IF that is possible here? All you can do is wait and keep writing to Bob and demand a reasonbale answer. GL All.
1KGW: No, it won't be that long, because it's unlikely they will be in a position to keep going long enough to do another year of 'Scamming'in their present form.
Still no sign of the completion of the alleged "Restructure". The rises and falls are only to do with the daily trade volume, not the so-called "Restructure" which is long overdue....along with the unreleased Filings that are still 'missing' from public view.
Over ONE year now, something must be seriously amiss to be delayed this long unless they are setting up a completely 'new' company.
PS. Very sad about the passing of David Bowie. I was a fan of his through 70s. Not a BIG fan, but the early stuff was great, the more recent recordings were mostly rubbish by comparison. Probably not to ardent fans though. I was a Teddy Boy way back then with all the gear, more into Rock & Roll and Rockabilly (the REAL stuff), not modern day rubbish which some still call 'Rock & Roll'which it's not! I even met Del Shannon briefly, shortly before he shot himself. It would be hard to meet him afterwards! :(
Guys, this share is going nowhere. Why waste your money on a non-entity? The BOD have let you all down big time and you could all have been scammed out of all your cash?
FLPC is never going to produce anything except a Web site. They can't, the funds won't be enough. Why bother investing in a Junior Exploration and Development Company when they haven't 'Developed' anything or Mined anything other than a few Tonnes of unsaleable unprocessed Ore!
If you want to throw money away, that's your choice. It is only recently that some longer term holders have questioned whether or not they have or think they are being scammed. Use that thought to decide whether you think it's worth it. Common sense should prevail here!
Kerk: This wouldn't happen, it's possible in some cases but not on the SEC, the Current BoD would be hauled over the coals for fraud by creating not quite a 'Straw Man', but a third party with a pseudonym as a cover-up or Scape Goat. That is 99.999% Impossible here!!! There's too much pointing towards Jimmy as a businessman involved in another company, so the guy is genuine. He has never been to the best of my knowledge, a threat to the FLPC Shareholder's. Just moved on, that's all.
If he was the reason for you buying shares here, that's fair game, but you really need to concern yourself with the current BoD and their ability to make the company succeed and make YOU Money. Why people come and go in any company is an issue to be dealt with BY the BoD. They find a better job, they leave, or they don't get on and have their differences. Perhaps he didn't like the way they did business, I don't know (someone here will) but it's up to them how they conduct their staff issues, then tell us via a public notice. Unless it is fraud or embezzlement of Shareholder's/Company funds, it's nothing to do with the shareholders as long as the business is run in a professional manner. If not, then an inquiry can be made VIA the SEC and their Regulating dept.
There is no fraud issue here unless there is evidence to prove otherwise.
The guy exists but has nothing to do with FLPC. If you are concerned about your investment, write to Bob Reynolds and tell him your plight. You may or may not get a reply. I didn't which rings the alarm bells, however, I AM not a Shareholder but very early on, I did consider buying in but there were too many issues pointing toward a company more in it for themselves than the shareholder's....In my opinion.
These guys call themselves a Junior Mining and Exploration Company, but as far as I've seen over the last year or so, they don't really deserve this title as there has been almost NO mining and very little Exploration, BUT they have done a bit of both to justify the name! Not good enough to justify my chucking money into here when I can see that there is almost nothing to sway me to invest in a Money Pit!
Excuse the Typo's. Written in haste.
Pitmann: I honestly empathise with you. It's rather sown the seeds of doubt. The Oil share that I am in has won FOUR large blocks or 'fields' of oil, our share price went up by 31%, then nose dived back to 2.00p. Some expected it to go to 5p +, so let's say for the sake of argument it's you guys 'on a promise' and the SP went from where it is now to One Full cent on Restructure. That would be a great result and also IF it held up.
I wrote on our Forum pretty much what I thought, and that's the share won't perform as people expect. Needless to say, most holder's disagreed but a few didn't. It was a big disappointment, but there's talk of my share gaining significant ground this month, but it's over-hyped and I don't think it will perform. My company is not scamming and the CEO is a very straight guy who should deliver, BUT like the SEC, the AIM is high risk high reward providing you get it right, and that's not easy.
As far as Bob Scamming you guys is concerned, in truth, I don't know for sure, but it's been a hell of a long time for this tiny company to re-jig itself. IMO, it's far too long and the longer it goes on with no word, the more concerning it is for you guys. I have written to Bob on several occasions, all fair & reasonable e-mail's and each time, I get the same old reply. Polite and pleasant an 'Progressing'. How or which way it is progressing, we don't know. Progressing towards what though, coming back or closing down. You need to ALL get in touch and make some demands and see if he responds. Let him know your feelings, after all YOU own part of this company, so they are obligated to give you some information....STRAIGHT information. If they can't or won't, my guess is that unfortunately, you are all being led a Merry Dance.
Past performance from FLPC, IS IMO a lot to go buy even if some don't think so, but it's been far too quiet over the last year, so are you really being scammed? My guess is that it is very likely unless it can be proven otherwise. The BoD owe you a lot for your continued support and that's HONESTY, if that's possible.
Get e-mailing, the more pressure you put them under, the more likely they are to reply if worded properly. Even PHONE him and speak your minds.... give them a hard time like they are effectively giving you.
GL all of you.
Hi Kerk. He exists alright, alive and well unlike FLPC who exists on paper, but in reality, nobody know's whether or not it is about to become a figment of our imagination!
I couldn't find a picture of him either, but the fact is that there is sufficient in lurking about that proves he's not and isn't using a alias :)
If you have looked in here before, this company is supposed to be doing a "Restrurcture" according the BoD. Everyone is very keen to see the results, so I hope that you have bough millions of shares here. It won't cost much so you won't lose a lot! Jesting aside, do you have a printable opinion here or would you rather keep it to yourself? Very good luck to you if you own some of this company.
KERK: No, been looking around and can't find any images.
I would imagine that with a name sounding somewhat Greek or whatever and a businessman, I would conjure up a stocky bald headed guy about 5'9" with a fat Cigar, a greying thickish Moustache, waistcoat, braces holding his pants up, a decanter of Whisky on a desk and has stubborn, rather brash nature...the 'always right' type.
How's that? Why, are you after his blood? LOL
Pitmann. I wrote to Bob a week or so ago, but the chances are that he won't be reading this until next week. Essentially, I told him 'how it is', 'why it is' and 'how it will be'.
It's unlikely that I will get a reply, but it was more about them NOT giving you updates or the like. Whether or not, people do write in with a few home truths, I don't know. My guess is that only one or two do but don't make enough fuss. One way or the other, they will do what they want. The shareholder's are just non-entities who are 'anonymous' so they won't care bearing in mind they did say that there was no guarantee that ANY of their schemes will work. It is alleged that it was just a Money Making Machine, nothing more, nothing less. Just like Speed Cameras.
What I do believe is that the BoD played the winning hand which (alleged again) by design, is quite possibly a success but not for you guys. A tiny company like FLPC was never going to go anywhere due to the costs involved. It's been obvious for years. The debt magnitude is too vast for enough 'change' to get this company off the ground. A PLC Company can go bust without the Owners of the business losing their homes, unlike me who is not a Public Limited Company, which If I go bust (which is very likely) I will lose my home.
Stab: This share has always been that way, always will. Some people know this other won't agree. Fair enough. It is only heading one way, down the Suawannee. The "Restructure" will be in vain and very little will come of it. All FLPC will remain as will be an Office holding the title of 'Junior Mining and Exploration Company'doing very little of both. Been saying it for ages. Feel sorry for the Shareholder's who have been sold a 'Bum Steer'.
"BIG UPDATE COMING"
It's been coming for months according to some here but it never happened! FLPC has let you all down as predicted for this year.
No, I would never buy into this. It's a farce, the BoD has made it look great but never delivered and probably never will. Don't waste your money. The Website shows only what they would LIKE to do, but in reality, nothing will come of it except BIG Shareholder losses.
Another year gone and NOTHING, not even ONE Public notice to keep you all informed as to their progress. Shocking state of affairs. Maybe they will redeem themselves in 2016? Unlikely.
HAPPY NEW YEAR TO ONE AND ALL!!
Nobody is being fooled here any more. True enough, they have been already! Buying loads more shares when you don't even know which way the company is going. It's like giving a Dime to a Blind Begger on a street corner with a newspaper Tucked under his arm and wearing a watch. lol.
Makes little sense until you have verifcation that FLPC hasn't already 'disolved'
1KGW: "others actually do their homework and contact the company to find out what's going on."
So, I don't doubt other members on this Forum would like to know, so, pray tell everyone what you have found out! C'mon now, don't be shy ;)
There is no false suspicion. It was mentioned earlier about an possible R/S and thought perhaps there could be one....not IS one. Nothing false about a question. In addition, IF, as they do, and a consolidation actually takes place, BeWary is right as whilst in theory you can consolidate (for example 20-1), people get very excited about see a huge 'increase' in the share price Percentage, but not the ACTUAL Share Price. And believe me, the SP DOES drop afterwards. Some do get fooled but come down to Earth when they suss out what's going on.
Your next post states:
FLPC HAS NOT BEEN CHARGED OR ACCUSED OF ANY CRIMINAL OR ILLEGAL ACTIVITY. (Where does it state this?)
FLPC IS NOT UNDER INVESTIGATION BY ANY REGULATORY AGENCIES. (Where is or was this written, Verbatim?)
NO FLPC BOD MEMBERS HAVE BEEN CHARGED WITH ANYTHING ILLEGAL OR ARE UNDER INVESTIGATION. (Of course not, otherwise it would be all over the Internet.)
FLPC FILINGS DO NOT SHOW ANY CRIMINAL, ILLEGAL or FRAUDULENT ACTIVITIES. (Who says it does?)
However, it remains to be seen how fair they conduct their business and how the cash was used. Nothing libelous with that. It's just plain and simple accounting for, accountability. If an they find an anomaly, it can usually be qualified. Perfectly reasonable to cross the T's and Dot the i's!
1KGW: Can you find ANYTHING which states as a Matter of fact, in writing, that PROVES anyone on this forum has actually posted something which says what you claim (above) that states that FLPC and it's Director's ARE (rather than alleged) Fraudsters and ARE running an Illegal business? None of my posts state this! Implications are not sufficient to bring a case. It's only speculation.
Writing some thing that call's them 'Rip-off' merchants is synonymous with a collective term used by someone who feels they may be or could being deliberately 'Ripped Off' but never actually has been. It's invariably HEAR SAY which is not libelous without written evidence that states on a Public Forum, that 'X' Company or Director IS whatever the person writes, not alleged.
If you are so concerned, dig up something that actually WRITES the libelous comment and report it. The chances are that IF it still exists (here)without being deleted, it's NOT Libelous. If it's not, and it's gone, there's no case to answer to! Trying to raise a case for a few words is hardly worth the hassle, unless serious. Besides, only the BoD can bring about a case.....and they don't read the Forum, they said so! I'm sure that if the Moderator's see something which is offensive, it will be deleted. End of...
A Share consolidation will only look good to potential buyers if there's meaning behind it. It will also look good on the Share Price where it will give the impression of a hugh rise of hundreds or even thousands of %, so don't be fooled. (Some will!) In this case, perhaps 20-1 because of the amount. Invariably, the Shareholder's end up worse off still as it has a slightly 'negative' effect. Anyway, they may do it, but first, they need to come back with a good plan to make it look attractive to potential buyers. FLCP stll has to put the lender's money where their mouth is, and that doesn't mean buying a Warehouse full of Champagne.
1KGW: "FLPC is in the middle of a "Restructure".
This means there's another year to go before they finish! lol.
Before anyone does too much Woo-hooing like Mark Knoflar, see what the Update brings. It can come as positive or negative news. Because it's been one heck of a long time for this tiny company 'NOT' to complete a financial "Restructure" (otherwise you would or should have been told by now), the time span is too long to punt around for financing. It CANNOT be that difficult to do. In fact, it is quite likely this "Restructure" would have been orchestrated long before they announced it.
If the BoD KNEW, they were going to do it....and they would have, they would have been putting out the feelers for some time 'behind the scenes' knowing full well what the predicament of the company was and going to continue like it. Once they had done their groundwork, a "Restructure" should have been executed quickly some months ago, providing they had all the components in place.
Either the BoD are very short sighted in not seeing the way the company was heading,(unlikely!) or they have long since known the result and the "Restructure" work had been completed but possibly failed. When I say completed, gone as far as they could and reached an impasse. They have probably been running around in a last ditch attempt to try elsewhere for funding. Personally, after this length of time it almost spells a failure. I say almost.
I doubt any Rocket Ride will be forthcoming until (if ever) January.
Well, still no sign of the promised "Restructure" (yes, it IS promised), but more so, not even a hint of it for 2015 as we thought. Yes, they DID state THIS year, but sadly, the BoD are letting everyone down yet again. Pretty much a foregone conclusion, but hey, 2015 isn't over yet but no doubt they will recess for Xmas until January.
Raise a Glass or 5 of Bubbly to your long-suffering Shareholder's Bob/Don. I guess you will be drinking Prosecco this year. LOL. What's in a name anyway?
Season's Greetings to one and all :))) let's hope 2016 will bear Fruit.....fresh fruit at that! Cheerio Folks.
BeWary: I did drop the BoD a line and request a little more positive info. A good polite e-mail, down to Earth and not wanting to divulge anything, which of course they won't anyway. However, it was a simple request, part of which was to offer some information that was positive with regard to the "Restructure".
Their Time Frame is poor as has been their performance overall, but they've had a year and virtually nothing has been announced, but it is long enough to set up a new additional business and shut this one down....possibly, but probably unlikely.
JOTUK:
"They never claimed to be a MINING COMPANY ! ...
I know that, but some haven't grasped this yet! How did they get 1000 bags or Ore? They Mined it!! That is as close to Mining they have ever got. My post claimed they will 'never' become a proper Mining Company.
It begs the question, why are they here at all?!! The crux of the issue is, WHY are people invested in an Exploration and Development Company that has done little Exploring and almost no Development that will ensure any profit for the business OR Shareholder? Understanding this from the outset would have saved people a shack load of Dough, knowing that it was never going to happen! CLUE: There has been NO gains in all these years. PMSL!
There Website clearly offers many aspects of POTENTIAL Mining and could have the Capability of this that and the other which overall, implies they WILL Mine (to the Green Investor!) The Website is somewhat ambiguous, because it gives the reader the impression that great things will happen. No time scale obviously, and they DO say that no Guarantee is given of any success at all.
Basically, at this present level. IT'S A LOST CAUSE!! Worse still, it's been misinterpreted by many investors who sadly, are a whole lot worse of than they were some time ago, because they made the assumption they would actually Mine.....OOPS! Everyone makes mistakes! Their money, their choice!
1KWG: WRONG!"I say they move forward with funding for all aspects of their operation.
"...ALL aspects of their operation?
You do not know what their operation consists of. If the "All aspects" includes Mining AND make a profit, AND deliver Value to Shareholders. This scenario is Highly Unlikely. How can a company that has got so much debt possibly secure MILLIONS in order to pay off Creditors, keep the business running AND become a profitable Mining Business for the next few years?
I would say it's 99.999% Impossible. Who on Earth will lend a company that's almost broke, Millions of Dollars? Basically, their past performance is all vitally important: ANY lending company will want to see at LEAST 3 Years Figures in order to assess their risk. When they see continuing losses of many, many thousands of Dollars, they will not entertain a loan proportionate to the type of business we assume they will do.
It's a NON-STARTER!!! Apply Logic, put yourself in the shoes of a lender and what it would take to REALLY get going. Essentially, between ALL the Directors put together, they won't have enough security to obtain a massive loan to put up front as collateral to complete the job. FACT!!!!!
Post 65989:
A poor past performance is everything to go by. It's the same BoD....if they have the same Working Capital as before, the result is very likely to be the same.
If they couldn't do it properly for over 5 years when they had more cash, what makes you think they will do it this time, and with undoubtedly, less cash? Costs are up and the balance of cash in hand AFTER paying off their dues will probably not be anywhere near what it was.
I reckon they've blown the only real chance they had years ago, although I doubt they had sufficient resources even then expect just to 'dabble' to make it look good on the records but had the reverse effect! Now they have to get funding to pay off what they should have done ages ago. Had they been more careful with the cash, I doubt they'd be in this embarrassing predicament!
JBW: NO, IT IS YOU THAT IS WRONG HERE. FACT!!!
Part of my post was, "...a company that has never done what they said they will do....MINE and produce minerals etc, for the benefit of the US. This to date, an undeniable FACT as we all know."
EVERYONE KNOW'S THIS IS TRUE, AND THERE'S ENOUGH EVIDENCE TO SUPPORT IT. FACT!!! Undeniably!
If you believe that sentence is wrong, then show me EVIDENCE and PROOF of Mining and the sales sheets to go with said 'mining'. The fact is, nobody here will be able to show me ANY EVIDENCE of Sales or profit in any shape form or size because it doesn't exist! They never got as far as even assaying the Ore to ascertain what was saleable! LOL. Guess work as to what is in it, is not enough to get any weighed up sales!
100% FACT.......1000% FACT!!!!!!!
Have the rest of a good day. I'm off do some (productive) work in my business that WILL turn me a profit!
TTFN!
Yes, my opinion is a FACT. All my opinion's are FACTS. My opinions are written, so they become FACTS. It's the same as Pitman's FACT, ie. "ABOUT TO RELEASE NEWS". He thinks it's a FACT when in fact, they are not and that's nearer a FACT than them actually releasing news before Xmas.
Of course, like Pitman, whilst we assume they are Facts, in the real world, my fact and his fact can never be bourne by a company that has never done what they said they will do....MINE and produce minerals etc, for the benefit of the US. This to date, an undeniable FACT as we all know.
WRONG! THEY'VE BEEN 'ABOUT TO RELEASE NEWS' FOR MONTHS. THEY WON'T RELEASE NEWS THIS SIDE OF XMAS! WOOO-PS!
One day soon, people will wake up to the FACT that FLPC will NEVER become a proper Mining Company and it is my opinion that there will never be sufficient funding remaining to carry it beyond the Planning stage.
There will probably be enough to maintain the business as it is: An Office, Coffee machine and Director's wages. Possibly some Website amendments, a few trips to Potential 'Clients' hither and thither, Pizza Delivery's and so on.
Putting Coal on the fire is as close to Mining as they are ever come! They could in fact buy coal cheap somewhere, and sell it at a profit. Weeeeeee!! get your shares NOW! The SP will "SKY ROCKET" in the event of "Diversification!. lol
1KGW: Wrong.
""trousered" company money for personal gain" Your words, not mine.
This is what being in business is all about. Trousering money for a better life style. I have done it and trousered money, but I do it the proper way... By the book. You appear to take a metaphor as 'Libel' LOL.
You are totally WRONG.
You need to understand how a company works and the acceptable parameters you can work within. I have been a business man for 25 years, and I know how it all works, and the pitfalls of getting it wrong. I know how debt works and how to manage it.
FLPC know EXACTLY what they are doing, they are not fools. It's some of the unsuspecting shareholder's who cannot grasp the in depth details of a company like this, how it works and what makes it tick. It's the outsiders with the knowledge, and those on the outside cast fresh eyes on what is alleged by some to be a company, not rotten to the core but rotten from it.
Opinions are what they are. The fact is that, you cannot accept that FLPC is not out for the Shareholder's. If they were, they would have done something for you by now in respect of the company's ability to make a profit, not blow it to the point where they need to "restructure" the company's finances because it is/was almost broke, hence they needed the "Restructure"!!!
JBW. "Wrong"
It's all there, staring at you. Everything about the debt, non-production, no sales, massive debts.....the entire works, is clearly written in the last visible Filings.
For those who choose to ignore them and make assumptions about 'Rocket Rides' etc., will buy a one-way ticket. Sometimes, the truth is hard to take, but it's all there if you care to look.
If they have a plan to get it up and running and have NO debt AND Mine and produce using financing via a funding pay-off loan, and to pay off all or some of what is owed, eventually, they will be on a hiding to nothing. Having debt (loan) to pay off debt without a good cash flow and profit from sales whilst they try to pay for a proper Mining Program, is pretty much impossible and could easily end in Bankruptcy.
If you don't believe this, fair enough, just keep on Ramping it up. You may be lucky!
Be wary: All they have to 'show' for it is, a Mountain of debt, A share price lower than anywhere I have seen for years, a "Restructure" that is lasting a year, no Public Notice contact from the BoD, 'Missing' Filings, Unprocessed Ore of which is unaffordable to assay, a closed Mine due to cost cutting, a rubbish share price, 'Missing' millions, no sales, no profit, no Production, no assets of any significant, millions of worthless shares owned by the Directors who now monopolise the company with full control, and of course, nice Houses.
JBW: No such cases of Libel has ever been made, even if people write 'this is all a scam', it's an opinion, a metaphor and not necessarily a fact. It is not a libelous comment because it is not against any one person.
The method of trading within FLPC is something to be desired as has been admitted by several here, but not illegal. Perhaps it will change before or after Xmas but they need to regain the confidence of the Investor. At present, the main thing achieved is the Stigma attached to this company and it's a going to take a while to shake it off. Only the BoD can do it. If you make your bed, you have to lie in it.