Successful Businessman unlike FLPC
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BeWary. Exactly, we only post FACTS here (as best poss).lol
1KGW. I will do it for you.
"We only post facts here"
FLPC, GO!! Roll up, Roll up! Get yer Luverly Share's Ere, You can't go wrong (According to those 'in the know'). Ahem.
FLPC is doomed to fail irrespective of who holds the wheel. The Shareholder's have been sold up the river and taken for a ride, ripped off, whatever you like to call it.
SLANDER IS SPOKEN, LIBEL IS WRITTEN. Default on all bills, even THEY won't pay their creditors, so they are being ripped off too. FLPC IS one very iffy company.
If anyone has actually read ALL the 10K Filings, you will see that FLPC had significant loans and Money owed to all & sundry. In almost EVERY Case, NONE of the money has ever been paid back to the Creditors. Instead, the creditors were offered Shares to cover because FLPC KNEW they would be worthless.
The 'Mined' Bags of so-called Antimony, isn't! It's chips drilled out to SEE what they contained. They didn't even pay the $725,000 to the drilling crew either.
So, begs the question, where's all the loans money gone? Surprisingly enough, the Liabilities of FLPC against Costs and Outgoings seems to equate to be a similar amount. How strange!
Those who allege that this is all an elaborate scam, could well be right? It's all in these filings if you care to read it, and there's lots of it. FACT!!!!!
This also poses the question about the "Restructure". having viewed their records, I think this "Restructure" is nothing more than an effort to attract more investment and absorb the cash in 'costs'. This is perfectly acceptable if off-set against the business, but I bet it won't be acceptable if the Investors Invest, and it all goes wrong, and it certainly seems it could.
The whole thing appears to be a farce.
More evidence of no money: It never happened, even back then they had nothing in the bank!
As of July 31, 2012 and to date, the exploration work undertaken has provided continued positive indications that additional exploration is warranted, but there are as of yet no known or proven reserves, and substantial additional exploration work must be undertaken on the Lida Valley Property in order to determine if a commercially viable reserve does exist.
At present, the Company does not have sufficient funds for the planned drill program, and would need to raise additional capital either through obtaining additional loans, or through the sale of its common stock. While initial arrangements have been made to accomplish the raising of additional funds, and the Company expects to be able to raise the required funds for the next phases of the exploration program, our success in doing so cannot be assured.
Smokey Valley Claims, Esmeralda County, NV
1KGW: "So FLPC never mined Antimony?"
Yes, this is correct.
They could have possibly Mined a load of Ore, but nowhere does it say when it happened and where it came from. It is alleged that the 1000 Bags of Ore was already there and in storage ready for being assayed, but there is no record of any Mining by FLPC.
Taken from 'PINK' 2013. It's worse now than then. A very plausible editorial:
While the press releases for FLPC claim the company has long-term goals, its CEO is something of a red flag. Mr. Donald Nicholson was at the head of Terra Nostra Resources Corp. (TNRO), a now-defunct mining company. There are other worrying details about the company, such as 18 million shares owned by Magna Group, LLC, and 16 million shares to the name of John M. Fife, a hedge fund manager charged with fraud. A total of 75% of the company's shares are held by insiders or 5% owners, and with a daily volume of 60 million shares, it is possible that any one of those shareholders could gain a huge profit from the holdings and depress the price.
The logic of a paid pump becomes even more obvious in this case, so beware before believing FLPC for its long-term promises, and think twice before taking it up even for a short period where a correction could wipe out most of your investment. FACT.
"I think that says it all"
Be specific, you "THINK"... the line is ambiguous. This is Public Domain and for whatever reason, anyone is entitled to their opinion whether believable or otherwise. I wish to be here to see whether or not the current Board will uphold their word about what you all think is in the company "Restructure".
As we have seen in the last five years, it was always "Jam Tomorrow", and it goes without saying, the Jam never came because they never really had any intention of producing anything which begs the question, why are they here? Well, the Millions of Dollars 'spent' on who-know's-what points to gross mismanagement which has ended up as the company proving to be farce up until now. Going around and about with talk about Mining for Antimony but never actually gaining ground and at the same time, trying to justify that at some point, their shareholder's MAY realize value.
When the Filings do eventually materialise, you will all be able to see how some your money was spent. It can ONLY be in 'Running Costs'of the company, costs of this magnitude, Zero production with a small office a handful of staff. MILLIONS don't forget! the mind boggles as to HOW these Millions has been used....on a tiny non-producing company? Curiouser and curiouser.
"However, if news comes as some expect for FLPC, there could be a big upturn in the stock price".
Only some expect it. The remainder are cautious and rightly so.
I think you need to direct that question to BeWary. I want to see how Don Nicholson, Ex Chairman of PPA, weedles his way out of this mess. You see, Voaden isn't connected with the day to day running of FLPC, so why should I bother with him?
I'm here to see whether or not Don can do more for FLPC than he did during his time at PPA as Chairman to see if his input can turn around this company around with the help of Bob Reynolds which could prove that he wasn't the direct cause of PPA going Bust. Voaden is almost a 'nothing' on FLPC, you said this yourself on several occasions, so no concern of mine.
RJB:
TWO Things you have wrong here. Bob has no idea who I am because I write using a different user name. My e-mail's are very straight and above board, both realistic and to the point and I'm hardly going to use terminology which would be tantamount to slighting him to his face on 'paper. I'm not that stupid, RJ.
I am not a Voaden hater. Find me ONE post that says, I hate Voaden? The only posts I have written was referring collectively to the Old Board of PPA and whether or not FLPC is heading in a similar way, because the way this business has been run to date, it is following a very similar pattern. It remains to be seen whether FLPC redeem themselves for the benefit of the shareholder's, or move on with or as a different business name or model.
If they do this, and use the same traits as FLPC, then it's very clear that their concept of 'trading' will be on similar lines. This a 'what if' situation and hypothetical at this stage.
I do not make derogatory remarks about Voaden. I really don't care if he's on the BoD of FLPC or working as the Mouth Piece for a Punch & Judy show. I expect his catch phrase would still be. "That's the way to do it".
In fact, Punch & Judy Shows make a profit with very low costs involved after the initial set up, Performing Licence and travel expenses plus arranged Commission for each act. Perhaps the next FLPC Meeting could have BR talking with a Swazzle? If you don't know what a Swazzle is, look it up!
JBW: *"MEGA LEGACY WEALTH!!!!! "
LOL, Well, you have to believe in what you hold.
*That's probably the Motto of the Board of Disasters! I don't think it's going to be quite that good unless you happen to strike oil by firing a Shotgun into the ground when shooting Rabbits...Jed!
I have written to Bob Reynolds on several occasions, and he mentions one such company they are working with and it's not a 'funding' company. Bob writes between the lines as such, and without too many specifics although I know he cannot do this. My interpretation of Bob's writing's is 'stalling'. He writes like a person who says a lot and I think he's better at Inuendo than anyone here, it's his job during the "Restructure".
How long does it take to 'work with a company'to try to get things sorted out? It's crazy......9 months for a mining Tiddler, something is just not right. I have seen Super Markets built quicker than this AND stocked WITH customers. I appreciate Bob Cannot talk for obvious reasons, but to carry on for all this time with not a single ounce of news on this site via a Public Notice is beyond belief.
The BoD has a lot to answer to for it's Shareholder's, what remains of them.
1KGW: "There is plenty of evidence a restructure of FLPC is ongoing"
The only evidence is the BoD saying there is. Because they are dipping into their own pockets doesn't necessarily mean there's an imminent Restructure, but it could. It means there's no money left in the FLPC Bank Account, although it could mean Funding is on the way. If it DOES come through, Mr BoD is going to reclaim ALL the money that's come out of their pockets to support it as it is. We don't know how much. They will have made a Tally as to how much they were owed (PLUS loss of Interest) from personal funding to the business, so the FIRST thing they will do is make the claim, then see what's left..... Nothing! LOL
Actually, not so. IF by chance they DO go it alone, which I seriously hope they don't, that WILL be a total disaster. They MUST HAVE OUTSIDE PARTNERS, because who do you think will offer funding? The Bank won't, the liability is too high with no security/Asetts. It could work with partners because there will be an agreement signed, so they just cannot blow the lot. If they did and defaulted, they'd be sued.
RJB225: "Pure Speculation" as is those who are ASSUMING it's worth buying these shares with no evidence that any "Restructure" is going to be for the good. Pure Conjecture with no visible information offered form The Board of Disasters, sorry Directors! lol
I don't think so. At least we can provewhat we say. I would never try to tell anyone to buy a share within a company that you can't be sure will exist in a couple of months. If per chance they make a come back and it all looks good, they have to prove that it will work and turn a profit. If it does, all to the good of the investor.
If you prefer to get in NOW on the pretext that it MIGHT do ok, that's the individuals choice, but I would be very wary of putting money into a company with no visible business plan.
The draw-back is that If they succeed and you DON'T buy early, you miss the initial big gains, (I have done this myself). However, it's best to lose a little on 'start-up' than lose a whole lot more based on anticipation that FLPC may do well but find they don't! Looking at their track record so far, it's been diabolical to date!!
I bought into one share AFTER it was proven that it was probably going to be reliable and not based on people telling me to buy share that was hyped up before it even got started. Very dodgy! Their money, their choice. I would rather lose a bit and know my money has a better chance of working for me than risk a lot if it goes bad.
"Looking Good, Now's the time to buy in"
It's actually not looking any different to what it did last week or at the beginning of the year. It's not very fair to tell potential investor's to 'buy this share' without a shred of evidence the "restructure" is even going to work.
1KGW: As far as this BoD's Credibility is concerned, it's very poor. All you money has been frittered away to nothing, and as you know, NO profit from Zero sales, lot's of empty talk and no action for FIVE YEARS. As far as any Investor keeping an eye on FLPC, it is very clear as to why all credibility for a NON-PERFORMING 'Mining' company that has never actually Mined, and managed to almost Bankrupt themselves, has virtually gone out of the window.
Will they redeem themselves in a new life, with luck and a following wind, there MAY be a glimmer of hope if you back-track and consider my perfectly reasonable post of becoming an Investment Company? It IS the most reliable option and the cheapest with good rewards IF they don't foul up again.
BeWary, etc.: The only way I see this company becoming profitable in the long term, is to do what they do in the share we are in, (not RRL).
If they become an Investment company and can secure say, 2-3 Million Dollars, PROVIDING they are WISE and know a bit about investing, they could seek out several Mining companies and offer cash for a percentage of the profits. If it's been seen to be working over a year or two, the cash raised could be used to further invest in other companies for guaranteed profit at X% and so on.
This is doable as the risk is less. Investment in an established company is a fair bet that revenue generating assets will always come in for use in other areas. This is on the proviso they don't Trouser the profits for their retirement and then close the business when they've got sufficient.
For lil'ol FLPC to be a true Mining company on their own AND produce a profit AND run decent profit/loss accounts, AND pay for all the Plant Rent and expertise to blast and process the mineral, in my opinion is 99.9999% Impossible for this cash-strapped company. So, an investment (in Mining) company properly run, is the only way I can see FLPC becoming profitable and delivering to Shareholders. If it works and the money rolls in, I'm not so sure that I would trust these guys not to blow each tranch as it comes through from settlement deals and reduce future investing potential.
Pitmann: I sincerely hope they will, but suppose it all goes wrong. I don't think they will thank you for that? Failure is probably not an option that you are considering! But......
O/T
I won't be buying, but thanks for being positive about it; It's the only way to be really. I am no longer in the position to buy any shares or anything any more as my trade is suffering due to what I believe is the start of another economic downturn. I won't even be investing in UK shares other than the two I already have.
As point of fact, not sure how it is in the US? Many of our Towns here are seeing fewer and fewer customers in our shops (including my business). It gives me the impression that people are reluctant to spend as prices in general are going up, not down. People can't afford what they used to buy and many of us are 'Penny Pinching' and concerned about how much cash we all have at the end of the month. Many families end up very close to NIL spare cash after all bills, and others are in deficit. I can barely break even these days. 10-15 years ago, I was living comfortably, I have not got it easy any more, so I think this situation is getting more wide spread?
Pitman33.LOL!! Ever hopeful! You could be right, it will be surprise whatever happens.
BeWary: They don't!! All they know is what Bob Reynolds told me and the "Restructure" is 'progressing'. It has been 'progressing' for almost a year, so how come this little 'Tin-pot, UN-mining' company need all this time to drum up financing in order to "Restructure" the company?
I think they've reached an impasse, and it is also unlikely that with their track record, anybody would be interested in risking Millions, only for it to disappear like the last lot of Investor's cash did.
They are stalling and they have nothing to say, not a peep. If this company was any good at all, they would have at least, released a couple of Public Notices to give their loyal Shareholder's a few updates. I think this company is heading the same way as PPA did. Drained of cash, nobody willing to offer cash and the Banks don't want to know.
As BW suggests, please show PROOF of HOW you know it is going well. As sure as eggs is eggs, Bob or Don won't have let on to ANYBODY.
FLPC, GO!!!
NOT LOOKING GOOD HERE AS THERE'S NOTHING TO SEE!!!!
The "Restructure" has always been put in inverted commas by Bob Reynolds when I have written to him. Yes, it's real but when things are written with Inverted Commas, it usually means something rather different to that which the word implies. Like, I have just "Won the Lottery", well sort of. Partially true as I really did win $6 today. Wow!
So, does this mean the "Restructure" isn't what we think. Is it an Internal Restructure or just a Ruse? LOL! "Its a restructure Jim, but not as we know it" Live long and prosper \\_// (And he did too!)
RJB: It is very certain that the "Restructure" is for real. If it wasn't and the BoD have mislead Investor's with all this Gumf about 'Pathways to Progress' they're are so confident about, there's going to be a Pathway to their HQ for a few Q&A's, that's for sure.
This BoD needs to assert themselves and reassure Shareholder's that what they are doing is for the benefit of everyone. I can't help thinking that it could be a very over blown Restructure, but it must amount to a plan that will succeed in whatever shape form or size it takes. They certainly won't be going it alone, there MUST be significant outside help with Funding and Plant.
If this doesn't happen, and they cannot/won't be specific who is offering funding and who is supplying the Plant, the costs, the Time Frame within which to pay (The T&C), the location of the Mine AND the AMOUNT they HAVE acquired for funding that WILL be due and HAS been paid into their account (with proof). Then they must also guarantee when Mining is to commence and along side of this the genuine Business Plan for all to see. If this is ALL guaranteed, then you're pretty much home and dry. After the funding has been paid if there is any, let's see how quickly it's absorbed in 'Costs'!!!
If this "Restructure" is full of if's and but's, might's and maybe's, staling tactics and the like, then you have been had 100% and it would prove the BoD to be out and out liars and the "Restructure" was all hot air. Lets hope the Integrity of the BoD is the same as those who have held here for years on the basis that this BoD is as keen to succeed as the Shareholder's are to stay put and see the same.
Pitmann: Re "Skyrocket", well, it IS possible, this I cannot deny because I have no idea what they are planning, nobody has. Nobody has inside info to say it will or it won't, which is where FLPC follower's faith in the company lies. Fair enough. I comment based on what I can see and how the company has performed since inception. Zilch in 5 years, BUT there could be a plan ready to spring out and surprise us all!
Of course, the biggest surprise (IF it works for 6 months or more) will be on me/Wary and a few other's, as it seems that a Paradox could be in the making if it works! To Speculate is the only way forward until we know. Only TWO ways it will go: Up or Down and I won't say 100% for sure which way. I don't know, you don't know, so we will find out soon enough.
IGJKW: "May have already gone"
OK, HAVE already gone! Actually yes, they did ask my advice on an open discussion site about FLPC, and I told then all about the "Restructure". I just repeated what you all said here, so I told them to BUY BUY BUY, because they were going to come back bigger and stronger than ever before (not hard!)
They thought I was lying because they asked me WHY I recommended FLPC but I couldn't come up with a cast iron and plausible reason, so they all sold and bought something else! lol
BeWary: I found it when trawling through some earlier filings, at least I think it was Filings, but I did read and Editorial that stated that amount. I think it was about 3 years old and I think it also stated assets of $40k too. All irrelevant now otherwise the BoD wouldn't have been funding from their own pockets!
I assumed they still had something in the pot! lol I just got back $3700 from Missold Insurance policies from 2000. It won't be used for share buying but being put towards the running of my own business. Times are hard!!
Glad I don't own shares in a company that's blown all the Shareholder's money with nothing to show for it than a shack load of debt. $50K in the Bank (Approx), that's less than one person's salary!
I don't really think that this 'massive' amount of money is going to start everyone 'Woo-hoo'ing'about FLPC coming back bigger and better! A new web site would take up about 10% of that amount, and to even have another company(s) consider helping them Mine, would want an up-front payment to start the work, then payment on completion. Think outside the box!
No chance.
"FACT- Nobody's bailing, because I've been slowly adding at these levels"
Many have already gone! lol. If you want to add at these levels, I suppose someone has to, but I think very few are adding now because they have gotten wise to the fact that they will most likely be throwing good money after bad. As you say, your money, your choice.
The majority of people who pass by this share would never throw cash into a company that has not announced any current, viable business plan. They are the wise one's, they may wait and see if it works BEFORE making the decision!
'Fish & Chips' Fish is great brain food, it's a known fact. The more Fish one eats, the better the brain functions. It help us decide whether parting with money for a specific share is a wise choice or a crazy idea! lol.
Pitmann: You write good, well balanced posts. Understandably, you are right about how FLPC is/was, but the past has a lot to do with the future here. Because so much bad has built up over the years, it will reflect on how they are going to manage with their finances for the future. Perhaps within this 'Restructure', there is a hidden agenda, something they will pull out of the hat that nobody's thought about, so a lot more ground could be recovered for the better in due course? I hope that whatever plan they have will take the pressure off and they can make a go of it. From where most of us are sitting, it's going to be a tall order, but not necessarily an insurmountable problem if these guys are as clever as we think. If so, you won't be let down if they can gain OUTSIDE Funding with a good long term deal from a reliable source. It will be hard to even hazard a guess, but this BOD MUST prove to be 100% reliable if its going to work, no stalling tactics but to stick with or become part of a larger Mining Organisation with a share in it's profits.
This will help them to pay off their O/S Debts, but first they would need to acquire funding for investment. I am currently invested in a company which it doing just this: Shares issue for funding for a percentage of profits, the profits go toward more projects, they Raise more cash for more funding by issuing further shares, but dilution can affect the Share Price, (downward) but the upside is that the Markets may like this but ONLY IF there's ongoing revenue going in to the Bank and the funding has been invested properly! Food for thought, so perhaps FLPC may adopt this strategy. It MUST be a cast iron deal, no messing, totally up front with the Shareholders, frequent updates and a Bomb Proof business plan otherwise there will be a repeat of the last 5 years.
*Wxman, don't knock this post as this idea could be what you guys are looking for to recover some losses in the medium to long term. It is purely a reasonable suggestion as to what could happen and nobody has any idea that this may not be the case!
GL All.
"Attempts at trying to discredit the company are proving futile".
It's something the BOD have done by themselves over the last 5 years. Lack of cash and investment due to mismanagement and carelessness has brought about any discredit to FLPC without anyone else trying.
"Nobody is making anyone buy or sell".
So, all the hype about "BUY YOUR SHARES NOW" and "GET YOUR SHARES NOW BEFORE THIS GAPS UP" is not trying to make anyone buy shares? Ha!
"Looking after Number 1" is what the BoD has been doing for the past 5 years. Why do you think they are in business? The SOLE purpose for being in business is to make money, no other reason. How they do it is questionable, (ethically) but whatever the case, they have 'Done alright Jack' at the expense of the Shareholders and obviously, have given you nothing back except a 0.0001 Share price! That's because of 5 years of irreversible incompetence, lack of sensible investment which boils down to a company with 'barely two Pennies to rub together'. This is an undeniable FACT, it's there for all to see in the Filings! If you don't believe the filings, then the company doesn't exist. lol!
If they come out of this "Restructure" as to PROVE it WILL be a viable business, UNDER THE SAME COMPANY NAME, with the same/similar business plan, then extreme caution needs to be exercised. If they say that Imminent (not eminant )Funding is due within 'X' Number of weeks....then put it off for another few weeks due to 'complications' and without saying who it is coming from, it will almost certainly be a stalling tactic and unlikely to be true. All they will be doing in the meantime, is trying to drum up investment which could end up being another White Elephant for unsuspecting Punters.
In every investor lies the 'greed' element. It's, "If I invest here or where ever, how much money can I make"? The investor always thinks, how can I maximise my potential on 'X' share? So you make your punt and you watch it.....it rises, so you wait and see if it rises more. The very fact that you are WAITING for more, herein lies the greed element. Everyone is guilty to some degree, me with my shares, and everyone here has this little notion of "How much can I get from it?" We all invest because we WANT more money, whether you need it or not. IF the share drops considerably, one gets disappointed, cross or whatever, but it's always the want for more that drives one to their 'vice'. Share dealing (GAMBLING) is one because it involves excitement, risk and inevitable losses. That tiny element raises it's head again! Guilty as charged by my own admission. I am slightly greedy to get as much as I can from my share! It's what it's all about as long as it doesn't get out of hand. That's why were all invested.
I bought shares that I shouldn't have and lost money, that was 13 years ago and I lost a few thousand GBP. Tough luck! Perhaps I shouldn't have done it? I invested one last ditch attempt to claw back some losses, but it hasn't happened yet. Hopefully, By December or Q1, I will be satisfied with what I HOPEFULLY will gain. If FLPC is still here, I will tell you whether I have won or lost. At present, I am in a 'loss' position of about 300 GBP, should I win, I MAY gain 3000 GBP. I wait and see the same as you guys. We also have two serial de-rampers, and moan at them (like you moan at me and Wary) We are used to it and find it entertaining. It promotes discussion and sometime livens the board up a bit. I don't mind them, take them with a sack of salt (or sacks of 'useless' Ore! lol.
QUOTE: "This is the Wild West OTC. So, your comment applies equally to all traders/investors. Greed"
CORRECT.
Pitmann. It is my wish to see this company through to the result of the Restructure and to see how they perform in conjunction to what they propose. It will for me, and a few others, shed some light on whether or not the people who run FLPC really can deliver value to their Shareholder's, unlike before.
I would prefer to see people win than lose. What I don't like to see is company's that promises the Earth and then fail having 'sold their Shareholder's down the River', wholesale. In their minds, they know what will happen long before it does. Some of these like-minded guys don't believe in Ethics, Morals or anything else that defines being honest and forthright. They believe in "What's in it for us" (Human nature.. sometimes?). As long as they get what they want, they are not bothered about what the result is for others, so essentially, GREED. To some degree, everyone's like it when it comes to money.
FLPC has it's own agenda so let's see if they deliver.
Not interested in what wxman puts in his Comma's or highlites why I want to see this company perform. This is an OPINION ONLY. We are all allowed them, investors and non investors alike.
Pitmann:
" After my discussions with a BOD member, I'm satisfied that restructuring plans are in progress".
We all know this anyway! I have been told by the BoD exactly that. They will definitely not let on anything else other that try to convince everyone that they are happy with the "Restructure" Process. They may well be, but will the Shareholder's?
When push comes to shove, they will look after their own interests and sod the Shareholder's. Looking after number 1 is what it's all about these days. Winners and losers in all games. The BoD will always win, because they can.
Penny shares are a risk in whatever form they take. The CEO of any company rarely takes responsibility for anything that 'goes wrong' howsoever caused unless it's proven 'misappropriation' and that's rare these days. They screw their businesses legally....just.
It seems to me that everyone has become disillusioned with FLPC when there's not a shred of evidence that anything good is about to happen. Bizarre.
PITMANN: Some Shares and company's are worse than others for whatever reason. FLPC is Classic example of how NOT to run a successful business. It's all there in the Filings for everyone to see.
Nobody fears for success of ANY listed company because people pay money to invest in the belief that their company will succeed.
I personally never said, ever, that I hoped FLPC will Fail! I only pass opinions on the company and what the outcome could be. I am here (as I said) to see how it all pans out and to see whether or not, you investors have better luck with FLPC than investors had on previous companys.
Those who are invested need to be sure that 'Touting' FLPC with all things Fine and Dandy 'just around the corner', are NOT really 100% sure whether or not it will be! It is not possible to assume all will be well until the outcome of this "Restructure" has been released AND it has been running long enough to put words into actions, ie PROFIT from the Restructure.
I hope it is all ok, because if anyone has bought shares based on hype, it MUST succeed as if it fails, they won't be too happy after being told that the 'Great things to come' by all the learned one's here, got it wrong! BUT we DON'T know how good (or bad) it will be!
I will never promote a share unless I knew for sure that it'll be good without seeing plausible EVIDENCE first. As yet, there is NO EVIDENCE as to which way this will go. NO SHARE IS GUARANTEED TO PERFORM WELL, IRRESPECTIVE HOW MUCH HYPE THERE IS. I have learnt the hard way and that is never believe what you are told and do your research and make your own mind up. This way, if it goes wrong, you can only blame yourself for an error of judgement!
IGJKWXMAN: You claimed that Slander was written by those who may or may not invested. You suggested we talked about Fraud and in addition, alleged Criminal wrong doing within the BoD.
The true fact was that Mr Fife, one of the BoD was prosecuted and dismissed for fraud, it is Public Knowledge. This of course doesn't mean to say that ANY current Board member is a suspect, quite the contrary. Just because a company hasn't performed well over 5 years, doesn't mean to say that any wrong doing took place. It is widely known that FLPC has been badly managed and unable to have turned a profit in 5 years, also whatever millions has passed through this company has been spent very badly as there's no money left on the Bank. Undeniable FACT. It's in the last filings for all to see.
This post is not any attack on anyone, but common knowledge for anyone to read. Nothing is alleged or implied and therefore this post should remain for reference.
Pitmann: The share price according to the chart shows a decline of 40% (on today's trades). Earlier, it was +25% and dropped since then. All it is, is the daily fluctuation in trading. Don't forget that 40% of almost nothing is very, very little anyway given the fact that it was at 0.001-4 so it's of little consequence. If someone buys a Million later, it will recover as quickly as it drops and so on.
If you see a three figure recovery all of a sudden, then the Markets got wind of whatever is contained in any "Restructure". See what happens mid to end of November, my Birthday month. Anyone else in November?