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So this guy "bought" shares with a promissory note?
What the hell good does that do the company?
From the filing its says its a non-cash transaction.
This company and its whacky finances are a total joke.
1. Transaction represents a private purchase effected by the Reporting Person. Purchase price was paid by the issuance by the Reporting Person of an unsecured promissory note in the principal amount of the aggregate purchase price, bearing interest at a rate of 1.72% per annum, maturing on the 9th anniversary of the transaction date.
Pietro
Here is a link to DSOX Egdar filings.
Please show where this insider buy is?
where is the buy?
Pietro
How about a valid link to filing on that insider buy?
tks
Pietro
From the form?
(a)
Name of Person Filing
This report is filed by
Tonaquint, Inc.,
Utah Resources International, Inc.,
Inter-Mountain Capital I Corp.,
JFV Holdings, Inc., and
John M. Fife with respect to the shares of Common Stock of the Issuer that are directly beneficially owned by Tonaquint, Inc. and indirectly beneficially owned by the other reporting and filing persons.
(c)
Citizenship
Tonaquint, Inc. is a Utah corporation.
Utah Resources International, Inc. is a Utah corp.
Inter-Mountain Capital I Corp. is a Utah corporation.
JFV Holdings, Inc. is an Illinois corporation.
John M. Fife is a United States citizen.
Pietro
That's what is confusing?
Note holders limited to max out at
9.99% of A/S? or is it O/S?
And this filing, all signed by Fife?
So is it that all 5 of these entities
are controlled by Fife and hence in
aggregate Fife has reached the limit?
I swear filings are written so poorly and could be so much clearer to understand.
IF I was in charge of the SEC A/S, O/S nbrs would be required monthly for ALL tickers and would be required to be materially correct, says up to 2% margin of error. Available for public record in a online site maintained by the SEC.
Pietro
So when is the shareholders mtg?
Pietro
Well, what I see is that 5 entities
just filed showing they have reached
the <10% of shares outstanding threshold
of their convertible debt note terms.
How is that good? How is that bad?
Good: they can not do anymore converting right now.
Bad: A/S needs to be increased to allow them to continue
/complete their dilution.
Until DIDG gets subs to the level where they are cash flow positive the convertible note holders are going to have to be appeased one way or another.
Others thoughts/interpretations?
Pietro
More on ULSD shipments from USA to abroad.
U.S.-Europe Diesel Arb Seen Reopening
Pietro
Hmm, seems like ULSD will be available
where ever the market demands it.
So why is DSOX needed again?
Pietro
That's great. Can you share who exactly
told you what? Or is that a secret?
Pietro
Yes, and its Pump and Dump Long
at its finest. I was in and out of
here last year. Warned it would not
make it and now YOU label me a short.
Go X yourself idiot!
ULSD is and will be available world wide.
No need for this turd your pumping.
Pietro
God has nothing to do with it,
its pure greed on our part, being
taken advantage of by charlatans
in the OTC market.
They tell us what we want to hear
and we pay 'em for it.
Pietro
This is why DSOX will not ever succeed.
3rd paragraph. As I stated months ago,
we would ship owners pay for a DSOX which
cost what? When all they have to do is buy
ultra lows sulfur fuel.
Already upgraded years ago
This is just one of the many refiners I found world wide that are upgrading to comply.
This company is not going anywhere IMHO.
Pietro
All it means is he has nothing to report today,
this week and probably this month.
If he did he could have said, expect something soon.
Let's face it, this is taking longer then many realized it would.
What happened to the 3D printer delivery, setup and subsequent testing and implied printing jobs?
Did I miss that?
Pietro
Precisely why he left the country.
Hard to be served when your out
of USA jurisdiction.
This is toast. Going to be a slow, steady
decline to death from here.
10-4
Pietro
Move on, this is toast.
Mgt fleeced us, including me.
Let it go, nothing but a trips play now.
10-4
Pietro
I see the same BS here as usual.
Every non news item taken as another
step forward.
Another year past, still no "real"
commercialization.
Come on sales people, close a deal on something.
Pietro
Merry Christmas all, Hoping for a better New Year.
Pietro
Yeah, watch him hire Don as a consultant
via one of Don's other corp's, paid in cash.
Pietro
There is no pic of all that ore
because there is not all that ore
there.
Pietro
The proof is this years endless
dilution with nothing to show
for it and the PPS reflects that fact.
Just what assets does FLPC actually
have as a result of spending all that $$$
regardless of where it went?
I ask again, Have we every seen a pic
of all 700MT of raw ore sitting on the ground
that is on the Balance sheet?
Pietro
J, yes, I made some $$$ trading FLPC
only to have lost it later on.
BUT none of the biz plans here have
ever worked. While some may say that
was just the result of bad timing/luck,
its too consistent IMHO.
Does anyone remember my post from last Spring
where
I said, "it's like mgt wants us to sell and go away?"
Well, IMHO, that is exactly what they wanted.
Then they could continue with a new group of
"investors".
Pietro
Pit, there is more then one HONEST
disgruntled investor here who has
the resources and the moral fiber
to see justice is served.
To not act on the available evidence
is morally wrong. To lead others to
purchase here is also morally wrong.
Pietro
Anyone who stays here or adds here
gets what they deserve. 0005!
I am not surprised Don threw Jimmy under
the bus. What does it matter really?
What matter is to date not one of the
biz plans this BOD/mgt team has come
up with has ever turned any significant revs
no less a profit.
Merry XMAS to all here.
Lets hope 2015 turns out better then 2011,2012, 2013, 2014 did here.
Pietro
Longs can ask all the questions
of coulda, woulda, shoulda they
like. When are they just going to
accept we all been had by a bunch of
shysters?
I took a $9K hit on this POS.
In retrospective, it has so many red flags
but the new Antimony story was so good.
Too good to be true.
We have all lost our money to these FHD's
At this point its a class action suit to recover
little to nothing or revenge.
Pietro
Ta DA! Bingo, time for FLPC BOD
to circle the wagons and fend off
the shareholders.
Pietro
Max, when will you get the fact
that verbal BS from this mgt group
is worthless?
They can say anything on a phone
call. IF push came to shove, as in
shareholder lawsuit, these phone conversations
would simply be denied with "I never said that",
or "that was the plan but it did not work out."
Face it already, we all have been had big time.
Pietro
Ok lets poll. who believes mgt is legit
My vote is NAY!
Pietro
PROGRESS! the resignation of Dimitrios (Jimmy) Trikeriotis as Chief Operating Officer.
Bob and Don are in charge here!
GO FLPC!
Pietro
Its not Pitt or me that drives the PPS.
Its the note conversions and lack of
progress towards Rev's by FLPC mgt.
FLPC mgt has failed to execute ANY
of their PR touted biz plans to the point
of Rev's in the last few YEARS!
IMHO, this BOD/Mgt does not deserve another
fraction of a cent. They have repeatably failed.
How many strikes till they are out?
Pietro
My point is the PR for the
placer gold property was just
another pump by mgt and the
reality is it never happened.
How many times can they do that
before there is no interest in
buying shares here?
Pietro
Takes time for convertible note shares
to hit the market. Note has to be redeemed,
shares info process by DTCC, shares then
go to the MM's. MM's work out how to
dump them and THEN dump them!
How many days this takes I am not sure.
As volume is pretty low and $ volume is
very low either they MM's are trickling them
out to keep PPS from busting to the downside
or they have not reached the MM's yet.
The other case is while the notes were due they
do not have to be presented for conversion. It's
the debt holders choice if and when they convert.
The PPS over the remainder of the month will tell
us all when they get converted.
SO, mgt, where is that placer gold permit?
Is the mill running yet?
Why NOT?
Be sure to post a nice pic of the new office
all decorated for Xmas too!
Pietro
IMHO, the PPS is a combo
of year end tax lose selling
and Mgt's failure to deliver/execute
various biz plan's over the last few years.
The only shred of hope in my opinion would
be a White Knight investment by Tesla for
the battery factory in Reno.
The odd's of that happening before FLPC
runs out of $$$ are not good.
Pietro
Sorry Jim, Mgt's Mill PR
implied it was good to go when
they made the deal IMHO.
Now, here, 6 weeks later, after
taking extra time on DD to close
the Mill deal, still not operating
as for as we know.
IMHO, just another "future looking statement"
made with no results to show for it.
BTW, how is the placer gold operation, permit
going?
Pietro
Oh, Ok, I see, its next year
now for BOD/Mgt to deliver.
Oh, OK! That's great.
So glad to hear all these wonderful
things are still actually going to
happen.
Now I can go long and get rich like
the rest of the longs here.
Tks
Pietro
A share buy back, really?
Isn't that right up there
with the eventual R/S?
My bets on a R/S.
GLTU
Pietro
Well, we are still waiting for
the upside?
As well as the gold permit,
the mill actually being used,
the antimony getting sold for
a profit.
Need I go on?
Pietro
No, the company needs to address
their shareholders regarding these
"future events" that yet again have
not managed to happen.
Talk is cheap FLPC BOD/Mgt.
How about executing on the biz plan's
you PR'ed about for the last year.
The Placer Gold claim was supposed to
be this company's savior and redemption.
Where the hell is the permit already?
Now we have a MILL, how about using it?
Pietro
Where is the Gold Permit already?
Why has the antimony ore not been
processed and sold?
Oh, that's right, they need more $$$
to do those things.
Pietro
Yes, after the 1 for 1000 R/S
they can attract institutional
investors, rights?
Pietro