Successful Businessman unlike FLPC
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
"GO GLPC" New name coming?
Well, 40% DOWN! 'Tree Shake' happening. I wonder who will be Brave/daft enough to buy the 'Loose Shares' currently in 'float'?
LOL!The Horizon: The furthest point that one can see but never actually get to as technically, the Horizon doesn't exist!
"LOOKING GOOD HERE"
Actually, it's not looking good at all! It's looking the same as it did last week, last month and last year. Absolutely nothing has changed because nobody know's, simple as that. No news for 8 months, so that's not good at all, is it?
All we have been told is there's a "Restructure" going on. Nobody know's the content and the BoD hasn't told us ANYTHING about it except one is in progress. Not even an update. Not looking very encouraging if your are a Pi.
JBW: Who told you that FLPC was dead? It's just gossip. Wasn't me or beWary, I wouldn't say that unless it were true, and if I knew, more would know before me. I say they are in with a chance; if they exist now, they will exist later in whatever form they choose to take. It could be 'New' FLPC, JV FLPC or change their name for the benefit of any "Restructure". They may choose to move on into an amalgamation "Incorporating FLPC" and/or an RTO, Heaven know's but it's not dead! 'Dead in the Water' may be used as a metaphor, but no sign of life isn't the case at this stage.
There is little choice. It should start to move up before very long based on Market Sentiment!! The guys who hold the cards are the one's at the top. Let's hope they don't deal from the bottom of the pack.
Fair enough, we will see, and best not over-emphasise how fantastic it will be just in case! It will have to run it's course to see the outcome. Fair game to those who are optimistic, so I hope you are not disappointed. Let's hope the BoD come up with the goods, if not, Lynch Mob!
BeWary Posts some of the most logical and salient posts on this board to do with FLPC, backed up by all the documentation for everyone to read as to how the company has performed over the years, or should it read, HASN'T performed over the years.
At least it's not guess work, so any Newbies looking to invest and buy millions of shares for next to nothing, do your homework first and see whether you think that after 5 years, this is a safe, viable bet. Don't forget the imminent "Restructure", most people think it's going to be 'Great things' happening. Once again, it's guess work. Take a look at the track record and see whether you think that it could 'come back from the brink' either, as they are, a Joint Venture, A new company with a different name, or will they vanish with no result?
It's Make your mind up time: BUY NOW and get Millions of share that may be worth fortune one day, or BUY NOW and get Millions of shares that may not be worth a light. DYOR and take the gamble....or not!
Your money, your choice!
FLPC: Some Figures for you. See what you make of them!
http://www.marketwatch.com/investing/stock/flpc/financials/income/quarter
TICKER SYMBOL:
There are four reasons why the Ticker Symbol has been removed, it's not usually a good sign:
1.The company has merged with another company.
2.The company had a name change.
3.The company has been delisted (indicated by symbols such as .PK, .OB or .OTCBB).
4.The company has filed financial statements late or even gone bankrupt.
TAKE YOUR CHOICE!!
My guess is No. 1 or No. 4
Re "Strange message"...yes, I am. I expect they've pulled the plug earlier than we expected! Hang on to your cash, but it could be too late. Perhaps they need to Feed the Meter!
"...The main reason 'WE' showed up is so that no more people are fooled into buying into a 'dead' share! You still keep buying into a Money pit and you are STILL unaware about the fact they have no obvious plan. The last 5 years of nothing but words and no action is proof enough that you have all be taken for a long ride. Lots of people here need to brush up on the company and see what's happened over the years and that's nothing much at all!
We don't tell you how to spend your money, but if you ask a decent Broker, he won't recommend it!
Yes, He WAS. A fraudster within.
WRONG! I am interested in the outcome of this share. Only you are saying I have a personal vendetta, I don't, otherwise I would be writing with 'Forked Tongue'(there is a something for your inveterd commas IKGW!) and I give what I believe to be an honest opinion as to how the company was and how it may be. This is a PUBLIC Forum that anyone can join and pass their opinion.
I state the facts which are printed for all to see in the existing Filings. Opinion's differ, those who say it's going to be great, don't know, so that's a false statement with no back-up. I state the obvious: No money in the Bank, Missing millions, previous Fraud and no Mining along with no profit. All hard facts for those to see. It may change, but my opinion is that it probably won't based on their track record. They have made many claims as to what they intend to do, but they are claims ONLY, because nothing has ever come of them.
Will they change? All you can do is WAIT & SEE as nobody knows apart from the BoD. If you know anything as to WHY, write it here with your reasons. Money where mouths are!! We would ALL like to see your views, that's if you know how and why they will change, but I fear your claims will be unsubstantiated with lack of facts.
BeWary: I was going to write something similar to Toftee, but you beat me to it! They don't have the spare hard cash to go out buying shares with, especially if they are dipping into their own pockets to fund their morning Coffee. They're not THAT daft!
"Victim" I think was under present circumstances, is a great word! It sums up anyone who has unwittingly fallen foul of a company or situation whereby money has been paid in to X or Y business or product, only to find out that X or Y has misrepresented or mis-sold said product that they knew had little or no chance of living up to anything remotely close to what they claim.
I have also been a Victim of another share called S** on the UK AIM. They were taken to Court and the CEO was prosecuted for a libel with lies about the business, etc. very complicated, but it CAN be done. (Bit like old Fife on FLPC)
Presentation is the key to getting you to part with your cash. It says all the right words to encourage the victim to invest. They are nearly all the same. After 3 years of no activity, Investors should have wise just to move on or start querying why is nothing happening?
BoB never answered a few of the questions I asked him such as "What did FLPC actually Mine in the last 5 years. If so, how much and what was the profit.
"Can you shed some light on how all the Millions of Dollars was spent as we cannot see any obvious investment for the good of the shareholder's?"
There was no direct response to either questions, but did hint that the 'sales' and 'costs' are all in the Filings when released. He didn't comment on the fact that we couldn't see ANY investment at ANY time, yet still the money has gone!
It all seems very straaaange! lol.
"And all your opinions and anger at losing investments will not change the fact that FLPC is not a scam".
Pitmann: I am not angry for £400 GBP, there's no point. It was originally 800GBP but some of that was recovered elsewhere, so my net PPA loss is only 400 GBP. AS I mentioned, I am interested in FLPC to see what happens over time, that is all. It will just prove a point as to how this BoD operates. Naturally, I don't like seeing people loose money but it's part of the risk, but I want to see how straight this BoD plays the game.
Yes, they are "Restructuring" but it's how and to what capacity and whether or not they can pull it off. We may all be in for a big surprise or the opposite?
Just go over the fundamentals of the company and see what sort of picture it produces! They will HAVE to have significant outside help who are prepared to take a huge risk in propping them up. I still think a JV partner in Mining, requesting some financial input for a percentage of profit will be the way forward.....as an Investment Company. FLPC will never Mine on their own. It's out of the question due to costs.
Go4awildride.....and everyone is on FLPC, or perhaps your should change your 'handle' to 'Taken4awildride'? That's a good post and a big poke in the eye with a sharp stick to the BoD. Ethical? not on your nelly. Traceable? Yes, of course, if you've sussed it everyone else should if they care start 'Mining'into the figures and look for the loop holes.
Yes, the BoD ARE clever, no question there and whilst you write what could be (but may not be) a Conspiracy Theory, the legalities of such a mess rather appears to be on the fringes of being ligit. Perhaps it can be twisted in the Shareholder's favour?
Each part of the alleged scam has to be carefully checked over for flaws, and it may be so that it was 'acceptable'if it were questioned. However, put all these components together and it may well equal a clear cut case of mismanaging (Legal) or even 'misappropriating' (illegal, if a Lawyer deems so), Shareholder's money.
This is why, when the "Restructure" is complete and the announcement is made Public, it will be well worth dissecting all the details for flaws and misconceptions about how it will really work in the shorter term. This is the reason I suggested that all your thoughts are put together to discuss how and where ENOUGH funding could be achieved to progress this company into a proper, profitable enterprising business, say within 3 years.
The way I see it, that's virtually impossible. Still no views about this yet! Those who are so 'confident' about this share MUST have some idea in their minds about what could make this company tick (apart from shack loads of cash)and succeed. You are singing it's praises with NO news and telling people to BUY, BUY, BUY, so how do you all think it will be funded and why. I bet nobody can give a satisfactory answer that some of us can't pull apart without being biased!
If I receive something good, I will post it here. I don't often write to the BoD and I doubt that many people do? Although my e-mail was fairly blunt and to the point, he was good enough to respond. Here are two sentences:
"Sir, the major “Restructuring Operation” that is taking place involves the financing both previous and future funding.
The company is working very closely with our consultants, BusinessGPS (https://businessgpsllc.com/).
"Important part of the restructuring business plan is to address the filings".
Doesn't say a lot really. Whilst any company that is running a scam, (not FLPC) will do their level best to make out they are not. It is 'Confidence Tricking'. They can sound plausible with an elaborate plan and nobody would twig. In all honesty, Bob and Don do not look the type to do this, but what do tricksters look like. Sharp suits, lots of chat, hard sell, persuasive or low key, quiet types? You cannot tell until it's too late.
Maybe these guys got it wrong for 5 years but with all good intentions? I don't buy this even though I just wrote it! These guys are clever, look at their qualifications! Businessman of this calibre don't 'get it wrong by mistake' for all this time. If they do, they shouldn't be in business.
It is very hard to draw the line between hard working business people with good intent, a deliberate scam or just bad management, perhaps even bad luck. I repeat, these guys a bright people so ask yourself WHY over 5 years do they have huge debts and no money? For my money, it's a legal business doing everything above board, but to actually embark on REAL Mining over this time was not their intention but just to 'see how it goes'. If enough funding was gained through shares and other means, then maybe, but it didn't happen, so maybe they think, let's just carry on, pay our wages until we can't go on any more.
This is why they are having to "Restructure", but in all honesty, being a Mining Company they way they purport to become in their website, is so costly I cannot possible see how they will manage it because it will cost a heck of a lot of serious cash and I doubt they can stretch to this in their present state. It's too much of a major task. Think of the cash to do it, think also of the amount of work to get the Ore, the processing of the Ore, the Plant hire, etc, and that's BEFORE they make any profit! It's not easy to anticipate the quality of what you get out of the ground, then you have to assay it, so that's more costs.
It's a monumental task that will cost many many millions to achieve. Realistically, I don't think it's going to happen. It's a massive task and I don't believe they have the where with all to see it through.
If anyone thinks can come up with a plausible funding plan, write it on the Forum and let's see if it stand up to this current forums scrutiny and ability to dissect the plan. It would make an interesting discussion.
MODERATOR: WILDRIDE, any answers? WXmann,can you come up with something. You seem a bright chap with answers, try to get your head around a plan! I KNOW your are not on the board and it's all down to what they are doing, but a few constructive pointers may help others to consider investing. Pitmann: Any ideas for the good of this board? Give it a shot! People who don't post here my like some constructive opinions?
I had a good response from Bob re. one of my e-mail's. Unfortunately, the questions I posed were still ambiguous with, not 'stock' answers but pretty much what I expected, ie. '"In discussion with", and "Striving Forward" and getting the "Restructure" 'In place' "Funding" was mentioned but obviously no names, but making progress, etc, etc. However, from reading between the lines, it was non-committal, fair enough and SUGGESTED a lot but not saying much.
I know how it all works within a company, and I know they can't say a lot, but it was almost a fob-off. Fair do's, what more can they say? The overall impression was full of optimism, so lets see whether or not the optimistic approach transpires into BUSINESS!
The Funding is STILL being dealt with INSIDE the company by the Directors, literally. From what I could glean, there are no other party's involved, but again, they wouldn't tell me if there were! Reading between the lines again, I am uncertain if there IS any funding, BUT we will see. Impossible to tell at this stage. They cannot let any cat's out of the bag.
Remain optimistic but cautious. That's it.
Well, Pitmann is doing a pretty good job. Wonder if he's been promoted to PR Assistant. Bet the money's good!!!! That's if there's any left! LOL
Year End or towards years end is splitting hairs. It's near enough to work out that it will be around end December....if your lucky. I know enough because I read a lot about this share whereas some don't and rely on others who try to promote FLPC to be honest and forthright. I would never, ever try to promote a share with a chequered history and a very high degree of uncertainty, which this share has.
Just because it's 'cheap' doesn't make it a bargain unless you like to brag that you have several Million shares in a US UN-Mining company. Promoting this share is all well and good if you believe in it, but it would be unfair to the less wise investor to say how big this share is supposed to come back as, especially when nobody has a clue if the restructure will succeed or fail.
If people buy this share on the strength of Hype and it fails, there's going to be 'Mud in the eye' for those who egged people on to buy into it. The wise investor would wait and see how it pans out as it would be foolhardy to spend a lot of money on what is currently and essentially, an unknown quantity at this stage, especially with a myriad of ambiguities about the cash, and not being able to see the two late filings which are sure to have a few question marks hanging over them.
It's up to the buyer to decide, but research is the key and once researched, it does not bode well as good investment if you look at the figures from inception. Their money, their choice.
CAUTION: NO NEWS DUE UNTIL YEAR END! NOBODY KNOW'S ANYTHING. ALL NOISE AND GUESSWORK. DON'T BUY UNTIL YOU KNOW THE FATE OF THIS COMPANY! YOU MAY LOSE THE LOT!!
"Do you think they realize that zero volume is because the ask is too high? Now why would the ask be so high for a "POS" company like FLPC??? Mystery of the universe I suppose.....and if the boys on the other side of the pond can't figure it out....I sure ain't gonna tell them".
It's no mystery, the Markets want to try and Capitalise on what they are trying to sell without much luck, so they need to maximise their profit. Essentially, they are doing everyone a favour. The fewer shares they sell, the less likely there will be disappointed folk from buying them. Only 'Knuckle Dragger's' would be Mug enough to be lead on buy alleged "Imminent Big News" and 'coerced' into buying more shares and lose almost 8% before the share even hit's the Chart! Their money, their choice, and their loss.
Wait until the "Restructure" is announced and see which way it's going to go BEFORE you buy. If it's rubbish, you win by not losing your money! If it appears good, and looks great on paper with big promises, that's a very GOOD reason to walk away with the money still in your pocket! If it's been running a while and they are doing what they say, then MAYBE buy.
There are better shares out there with less than 99.999% chance of losing the lot, which is what may happen during the course of this alleged SCAM!
GO The MARKETS!
This Forum gets more entertaining by the day! Unfortunately, the 'Straw Clutcher's' haven't yet woken up to the fact that no news is actually 'Big News'!
Should FLPC come back in 'full force' (wot, with no cash?), the BoD will be rubbing their hands together with delight to know that more investment money will be heading their way. If it does, then I hope it's used wisely for your benefit and not 'Trousered' but with something to show for it rather than Negative Filings.
Tick-Tock goes the clock, so when the Alarm Bell goes they will wake up and offer good value for money, not empty promises like the last 5 years. It IS possible, but a Paradox may well exist!
Ah, that's where I must be going wrong. I should start my e-mail writing Dear Don or Dear Bob rather the 'Dear Don the Con'as he may go a bit Red Faced.
I asked him to explain why they have never Mined anything but have blown Millions of Dollars on 'Costs'. They won't be able to answer to my satisfaction, or yours. It's a real disgrace that a business like this fails to communicate with it's shareholder's within a Public Notice at any time recently.
Your opinion (NOISE about Big News) also noted. More NOISE coming from the guessing....which you are also trying to influence potenital Investors under false pretences about claiming 'Big News Due', because YOU DON'T KNOW and you don't know what it will contain. Nobody does, so if they invest on this basis and it fails, they won't be too happy. If by any fluke chance it succeeds, good for them, but look at the present state of FLPC. Near broke.
Then Ask Bob to issue a Public Notice to that effect.
I believe the "Restructure" is in turmoil......8 MONTHS!! Nothing, not a glimmer. You can't Restructure anything that comes from a NON-producing company into a buoyant producing company with NO money and insufficient assets to secure a sizeable loan to achieve such a company. A business this small can't do it on fresh air, anyone with an ounce of common sense can see that.
No cash in the bank, no assets, no profit and no productive mining in 5 years, Millions down the Jon, so sure, BIG NEWS DUE....? I doubt it.
Why don't you all all ask Bob-a-Job or Don-the-Con to issue a notice re. the so-called "Restructure"? I tried ages ago but 'Silence'. The least they could do for YOUR Money is to give you an update, but they can't/won't. News is due one day, but I bet it won't be what you want to read.
Nothing positive is going on otherwise the BoD would be excited and would have made a few announcements by now.
"GOne FLPC"!!
Pitmann: Re. "LOOKING GOOD HERE, STAY TUNED"
Well, unless you have a Crystal Ball that actually works, we can all see that the Share Price is 'Rock Bottom'! Almost no investment value of any significance has been made for many months because I doubt if anyone is actually daft enough to throw money here! It registers as Green 33%m with a few Dollars trade and the next day, it collapses by 33%...the same....FACT! The Directors haven't posted any news for months and they are putting money in to the company from their own pockets because the Account's dry.
Yes, we can all see how it's "Looking Good",...NOT. PMSL!
A lot of Drowning men clutching at Straws here as there is NIL INFORMATION that has the merest hint of making this share look good, in fact, it cannot be denied that it looks damn awful whichever monitor you are looking at.!! lol.
You people won't accept the truth about this company. It's written all over the Internet. They are almost Bankrupt and cannot service their debts despite all the Millions of Dollars poured into this company with alleged funding of Millions of Dollars that never showed up on an Filings, so did they ever get it, or was it a ruse to attract or con investors?
The TWO missing filings won't be released because they are shameful as it shows the full facts, or should do, about the financial state of FLPC. When they are released it will only be AFTER the result of the Restructure, because at present, the content of the filings will only put people of in buying into FLPC, so in fact this is borderline 'cheating'.
This company will cost you dear if you are silly enough to part with cash here. Look elsewhere to a company that hasn't bent the truth about it's intentions to give shareholder value.
"That's the reason they showed up in the first place last November, to slander FLPC and ONLY FLPC".
And rightly so.
The main reason 'WE' showed up is so that no more FOOLS buy into a dead share where at least one of the Crooked BOD was set to rip you guys off. Actually, that's not quite right, the BoD has ALREADY Ripped you guys off. I can stand a few hundred dollars Loss, but I don't hate Voaden as I don't know him! What I do hate is when a company run by at least ONE Fraudster is PROSECUTED in Court, who have clearly have devisive intentions of trying it again IF they come back, so KEEP YOUR WALLETS CLOSED and don't be fooled into parting with your money because you won't get a return.
You can't tell me the other's knew nothing about Fife's goings on. Six of one, half a dozen of the other.
Anyone who is considering buying FLPC share's DON'T, because YOU WILL LOSE ALL OR MOST OF YOUR MONEY, BECAUSE THIS COMPANY HAS LOST MILLIONS OF DOLLARS OF SHAREHOLDER'S CASH WITH NOTHING TO SHOW FOR IT EXCEPT HUGE DEBTS, NO MONEY IN THE BANK AND NEVER ANY PROFIT BECAUSE THEY HAVE MINED NOTHING.
Do not listen to those who claim that FLPC will 'BOOM' before December. It won't, because they have no money to Boom with. The company is AN ALLEGED SCAM WHO NEVER HAD ANY INTENTIONS OF PRODUCTION, WITH ONE ULTERIOR MOTIVE, AND THAT WAS TO, (AND SUCCESSFULLY) BLEED THE SHAREHOLDER'S CASH, AND NOW IT'S ALL DISAPPEARED. WHERE? GUESS!
Steer clear of FLPC because those who think it will come good will be bitterly disappointed when, without doubt, the company will fail as it has done to date. YOU WILL LOSE MONEY HERE, 100% GUARANTEED.
You can invert as many commas as you like, but this FACT is clear. You are ALL nursing BIG losses and will never make money out of this POS. FACT.
"Load Up" If you all do, I hope you win, more so, I hope the Board are not going to let you down like they did in the PPA days. I have no Axe to grind with Voaden, so I hope they can do for the future here, what they failed to do back then. I am here to see the progress of this company and to find out whether they really are going to do what they say they will and that's.....MINE!
If they do, well it will be surprises all round seeing it's 5 years without a Cent of profit or production. Hopefully, that will change but I would never buy into this Stock due to the monumental risk factor.
Re. "BOOM"!
Boom = A loud noise usually made by an explosive device which causes destruction of material and/or organic objects with the hope that the target is completely destroyed beyond recognition and unusable.
"BOOM" is the exact word I would apply to FLPC. LOL!
"Another week closer to a great announcement of a completed restructure".
"Great Announcement", now that's confidence for you even though nobody really know's if it is going to be a 'Great' Success or a 'Great' big Flop. It's just a shame that the BoD have not uttered a single word on a Public Notice and kept any basic answers to e-mail contact only. Their choice.
They are holding back information, obviously, but the BoD are a Wiley lot as we know, so IMO they are craftier than a Wagon load of Monkeys!
Would anyone here care to hazard a guess as to what will happen in their "Restructure"? Come now, don't be shy! Bear in mind my recent copy/pastes that told us there was huge debt, no bank cash and almost Zero Assets. How do you suppose they will get funding to become a 'fully fledged' Mining Company like wot they are supposed to have done over the last 5 years?
Loans? Nope, bad risk. SECURED LOAN? No chance as asset value is too low for what they may want to do and that's Mine anything! Raise Capital through the issue of MORE shares based on Spin about what they 'will' do? This will dilute the SP to Nil or close with no g'tee of a positive result. Just don't get caught out to parting with more cash into this money pit, but it's up to the Investor....if there are any willing to take the HUGE risk of 99.9999% losses!
They have whacking great debts, this we know, so how do you think they will pay these debts off AND make a profit IF they actually start Mining? Back to square one: Where will they get the money to do all this Mining? Answer, they won't! FLPC is dead in the water in it's present form. Note I used the words 'PRESENT FORM'. While they exist, they MAY have a chance.
Let's have a few guesses and see who can get the closest to being right. I say JV with a new business model, different guise, if not, Wind down the business. After all, you have all been guessing about 'BIG NEWS' so why not guess the BIG NEWS likely content if you are so sure they will rise from the Ashes.
BIG Prize to the nearest plausable guess. (The prize will be that you may actually GAIN here if you guess right!)
"
I agree, once news is out, everything will be different.
Looking forward to a great 2016!!"
There's a very good chance that 2016 will be like any other year, except without FLPC. If and when any news come out, you are right , it WILL be very different. They will announce that the "Restructure" has not gone according to plan and consequently, they will delist or quit and go into Administration. They have hardly two Penny's to rub together and over $3M worth of debt. It's unsustainable.
Pittman: It's not pointless, mate. It's all part of the never ending saga that's help build a very poor reputation for this company. It's been very clear over the years that not a cent of profit has been made and despite all the so-called funding, the bank Accounts empty. You can see this snippet of editorial from a couple of years ago and between now and then, things most definitely haven't improved. Of course, we will keep an open mind about their next plot, awaiting 'appraisal' of the Shareholder's as, when and IF it arrives.
For one, they (FLPC)were not willing to discuss where they got the millions of dollars from. As we pointed out in our previous articles, the amounts that they talked about were certainly absent from their then-latest financial statement - the one for the quarter that ended on October 31. Now, a month later, they have filed the next 10-Q, it covers the three months before the end of January, but we still can't see a trace of any additional funding. In fact, when you compare the figures right now to the ones from the previous reports, you will see that, if anything, FLPC are sinking deeper and deeper into a financial hole and they will have some serious trouble getting out. Here are the figures as of January 31:
cash: $2 thousand
current assets: $40 thousand
current liabilities: $1.3 million
no revenue since inception
quarterly net loss: $358 thousand
net loss since inception: $3 million
With those figures in mind, you should read the latest announcements according to which, FLPC have been cleared for take off - they have all the permits and they will be ready to start the mining operations in a matter of days... with $2 thousand in the bank. It sounds a bit far-fetched, doesn't it.
WAXMAN: Here is a FACT in black & white, in fact several 'facts'! This a couple of years old, but nonetheless, they claimed to be starting Mining, but as you can see, it never happened. This is why the so-called "Restructure" will remain ambiguous until we know for sure what is going on. I STILL reckon you guys are being 'lead up the garden path' but the Fat Lady hasn't sung yet, so we'll wait.
The unreleased filings coincide very well with this "Restructure". If they had been released and showed the vast losses that we expect to see, nobody would invest in this alleged "Restructure". It would mean they'd get no investor's taking the chance that it may come good.
If any investor's ARE keeping an eye on this, they will have researched what there is to research, which is not much, and come to the conclusion the Stigma behind this company is too strong to risk any money. This is one reason why the Volume is so low. The big numbers that we see is all but a few Dollars worth of pocket money.
Maybe it will change, but a company that has been this quiet for so long will give the impression they are not making any progress at all. It would be far better if the CEO said something on Public Notices rather than hiding behind his desk and not available to comment on anything at all, however mundane it is. Jolly bad show.
I do believe that when an Pi's get wind of FLPC 'coming back', you will see significant trades start to appear. Whilst the PI's will assume the news will be good, it just depends whether or not they have some inside details that we don't. They shouldn't but it happens. When the SP starts to go beyond +100%, then it will start to bring some Euphoria to the forum. PI's aren't daft, so it could be a quick in and out before it retraces way back if the news looks good, but turns out to be a White Elephant.
Once this gains momentum, we should see a release of information from the BoD which will give us the low-down. We cannot be sure which way this will go, butshould the news be what you want, all will be well. The one issue that may arise will be the demand for Placings for funding. After that, you will have to tread very cautiously to see whether or not any funding that goes into FLPC's books is used to bring around this company to deliver the goods, or whether the money vanishes to paying off outstanding debts. If this happens, you will be back to square one with very little cash left to go towards actual Mining!
The other scenario which I thought about was if they become an Investment Company rather Mining themselves which I personally think WON'T happen because Mining costs for this Tiddler will be far to how to consider. Their better chance is to try to get funds in to go towards investing in another mining company for a percentage of their profits for a cash injection. This way, the whole company will be de-risked. All debts should be paid off and production profits from another partner will see FLPC's bank balance increase for future investing. This is the only way I can see this company turning around.
If the BoD can keep their hands out of the till, it may work, but if the BoD Blow it on anything other than Investment, and pay themselves exhorbitant salaries, you will than have some idea as what these guys are up to.
This is speculative ONLY, but it could happen quite easily. You all know it and I know it, albeit hypothetical at this stage but it does border reality too. I could be way off the mark, but if I am, and they say they are going to 'get on with' REAL Mining arranged by the Motley crew on their own, then it will NEVER work. It's a HUGE RISK which WILL Fail.
Now, come on Waxman, let's see how many "Inverted Commas" you can come up with this time. What I say above could prove to be very real, but we will see.
RESTRUCTURE IS ALREADY COMPLETED! It's been completed for ages. The BoD have already secured their Safe Houses and now holding at DEFCON 2!