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If anything, FLPC management has been up front and honest about where things are at. They repeatedly have told the same story.
They are investing their own money.
They are diligently working to get things going again
They have kept permits updated.
They need to get financials done and get current with the SEC
They are working on getting new financing.
Great News! I'm glad you are posting these emails from Bob. They prove how much the management believes in this company and how things are moving forward, even at a slow pace.
It's wonderful to hear that they have bought out Stock Pile Reserves LLC. That is very exciting news.
$FLPC
People aren't "trying to ramp up FLPC". FLPC IS ramping up. The website got updated after 2 years and the company filed an 8k. People aren't making that up. Things have changed.
It doesn't matter what Bob said he was thinking about doing last year. The fact is that they didn't file for insolvency and everything has changed and they are investing a lot of money into keeping things going here. There are many more emails from Bob stating that, than the one flimsy piece of evidence that you produced.
Also, what do you mean by "Another UK Rip-off". FLPC is purely an AMERICAN company.
No, they were fraudulent which I would think would be worse, no?
And they eventually made it back to OTC Pink so hopefully we can too. Do you know the process they went through and how long it took?
Wow, I've had limited access to internet during the hurricane and haven't been checking this until now!
Can someone fill me in or point me to the details of what is going on?
I'm guessing the SEC has shut things down?
Anyone call the company and ask what's going on?
Well said RJB
So misleading. Here are some facts you left out.
#1. Over the last 40 years the demand for antimony wasn't nearly what it is now. Not even remotely close. Especially considering the demand for US antimony.
#2 Over the past 40 years the price of antimony wasn't nearly what it is now. Not even close. Making it less feasible to mine then.
#3. Mining equipment has gotten more efficient since the 80's.
#4. So what if the permit expires in october 2019? That is TWO YEARS AWAY!
#5. FLPC has already mined Fencemaker once so your speculation that they can't do it again is rather worthless.
Again misleading with only partial facts. Yes, fencemaker was mined in the 20's, not with today's equipment and expertise. There is a whole deeper layer of antimony underneath the current mine which they will be able to access once opened.
$FLPC
Even the name says it all. It's just a repetition of the same unfounded story.
Take a moment to stop talking to yourself and do some real DD and you will see that there is much to look forward to here.
Financials coming soon.
Processing 1000 tons of ore coming soon
Opening and mining at fencemaker coming soon
Becoming the only functioning US antimony mine coming soon!
$FLPC
Not to mention that everything is closed if Florida (except waffle house ;) ). You can't even buy gas there right now. Give them a week or so.
The company is currently being funded by management. They may or may not currently have other funds lined up but they do have a mine full of Antimony which is becoming more and more valuable every day.
The permits are in place and they will get the funding they need to open up fencemaker again. IMO
All OTC companies are speculative. If you don't like the odds here then there are plenty of other places to invest. I suggest the NYSE and NASDAQ for people who aren''t wanting to take the risk of a company like FLPC.
Well said 1kg!
Sounds like you aren't interested. Might as well spend your time somewhere you want to invest. Bye.
GLTU
Yup, that will be the first lift off. The second will be when they open the mine again. The 3rd will be when they process and sell ore.
All sorts of catalysts ahead.
We've been over this a few times so I'm not sure why you're asking.
Please listen.
1) They are using some of their own money to get things going.
2) They have 1000 tons of ore which they can process and sell
3) With the price of Antimony at record levels and rising all the time, along with the desire for a US source for antimony, the potential here is huge and investors will be eager to finance them.
$FLPC
We are expecting financials any day now. The company has been dormant for 2 years so we aren't expecting much from the financials themselves. However, the release of financials and getting current with the SEC will allow them to move forward with opening the mine again, as well as being able to speak more openly about their plans.
$FLPC
Yes, 13's were up but someone sold some 10's at the last second
Yes, volume picking up nicely, PPS inching up.
Looking great today!
$FLPC
12's up!!
only 15000 11's left on the ask!
Yes, let's break out today! :)
$FLPC
Very nice! I'm hoping to add more here as well when I can free up some funds.
Feeling good about tomorrow!
$APHD
Same here. Wish I would have waited for the end of the day to add more but hopefully a couple of ticks will be meaningless in the near future.
Added some a .0024 and hoping for a nice bounce here.
It sounds like you aren't interested in FLPC.
OTC stocks are risky. I might recommend trying something on the NASDAQ or NYSE. They tend to be a little safer.
To answer your silly list:
1. No, actually it is true that they can't raise the AS without announcing it. So there will be NO DILUTION until that happens first. And why on earth would they guarantee to toxic lenders that they won't raise the AS. That makes no sense.
2. Yes, management has indicated that they are spending $300K of their own money. You can choose to believe them or not. That's part of the risk of investing in OTC stocks.
3. Yes, they can get financing. The price of antimony continues to rise and there is more pressure to find local sources for antimony. This means the game has changed and there will be more interest in getting a mine like Fencemaker up and running, IMO.
You say they failed but they were actually successful once in getting the mine up and running. They failed at the milling process but they have more experience now. Banks can take the chance because there is more money to be made with the increase in the price of antimony. And, banks aren't the only way of getting financing. Private investors might come on board as well.
The only thing accurate in your post is that they can't sell any more shares at this time without letting us know they are raising the AS. Of course they can borrow money and get financing. Who ever said they couldn't? Also, they have indicated that they are spending $300K of their own money. Are you privileged to their bank account info or something?
Actually only 3 months since it was the end of May when they announced.
We'd all like for it to come sooner rather than later but I have no doubts that they are coming.
I like it. They can't dilute. They are investing their own money to get things going again. 1.5B is a small number of shares in the OTC. If they profit even $100 million after mining (which is quite possible with Antimony currently going for over $20,000 a ton) then this is worth .06 a share.
But really probably worth a lot more than that because the price of antimony keeps rising and they will mine more than 5000 tons.
Yeah, things are picking up!
$FLPC
Where did Love And Light go???
Hope this stock sees better days soon.
Thanks, I realize there are some here who got in above where we are now and didn't mean to ignore that an who may be anxiously awaiting our return to those levels. I think we will get there soon enough. Precisely because this is a quality company and not a POS.
Good luck to you as well!
$INMG
Yes, you are missing something. You are missing that those shares were sold long long ago and there are no more shares available for dilution. Therefore no dilution will be able to drive the price down when this gets moving.
There will be no dilution unless the company announces that they are adding to the AS.
I was looking at August 1st when the price was .01 but even on August 4th (one month ago) the high was only .017 so you would still have made money.
In any case, my point was that this stock is not performing like a "POS" as someone tried to characterize it.
I don't know how anyone isn't making money here. Overall INMG has more than doubled in the past month so if you're holding long, like myself, you've won big. It has also had it's ups and downs during the steady increase, so there has been plenty to be made by flipping if you're into that.
Am I missing any strategies where someone could have lost money on this?
$INMG
I don't think you understand. It's a reverse merger, APHD is just the shell being used by a profitable company to go public.
I can't wait to quote this post for a good laugh later this week.
$APHD
There is no dilution. AS is maxed.
Anyway a RS doesn't stop dilution so what you're saying makes no sense.