Successful Businessman unlike FLPC
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IGKW: Perhaps you could make a bid to buy FLPC or get on the board? You may even be able to buy the company for $1 along with the headaches/Debt that goes with it, then you could Hire Bob-a-Job, Don the Con and Willy Wonka and make a go of it! Except you have to pay Willy a retainer as he's not involved in the day-to-day running of the business! lol.
IKGW: "Spreading false and misleading opinion and speculation about another company" Actually, this is 100% true, nothing at all was false about the 'other company', it was plastered right across the UK AIM Market. There was absolute mayhem when this 'other company' closed down soon after the CVA was issued to which they had to satisfy that legal agreement. Shareholders were up in arms about it.
Personally, I don't have an 'obsession' with Voaden as my losses were relatively light. Many people who bought that Stock ran into losses of literally hundreds of thousands of UK Pounds. Mine were just a few hundred 'US Dollars equiv' and whilst I was peeved, I was not out to get the Directors at the time, but some were. I just take an Interest in FLPC to see what happens and how it pans out.
It's a Public Forum for those who choose to come and go as they please whether or not they are invested. I want to see how true to their word they will be and whether the BoD will 'Do what is says on the tin'. I think that if there's no serious "Restructure" it will give us some idea that those who run this show are doing it as a paying Hobby rather than a serious Mining business for the sake of the good ol' US of A. As yet, they haven't proved they can....or will....yet.
Keep writing to Bob and get him to prove that he means business, so far, there's nothing to indicate anything that goes anyway to making a profit for you or the business. All you see is a lot of meaningless words on a Glitzy Website, none of which has gotten even close to producing anything at all. A FACT you cannot deny!
"I guess when there is an agenda, you can pretty much say whatever you want without backing it up with FACTS and PROOF.
You have had the proof and the facts, but you appear to have ignored both!
READ THE POSTS AGAIN and try to understand the Proof and Facts are in Black & White written time and again on this Forumbut you choose to ignore them. You need to remove the Blinkers!!
"BIG NEWS DUE SOON AND ABOUT TO ROCKET"lolol!
That is a made up line, how do I know? I have actually taken the trouble to drop a line to the BoD and it was effectively confirmed that "at this present time, no immediate news is due for release until we finalise the "Restructure" which is currently ongoing and taking longer than anticipated".
The "BIG NEWS" due soon is actually unfounded and without FACTS or TANGIBLE EVIDENCE
Better luck next time as you are getting the hopes of Shareholder's up with an inaccurate post. That's grossly unfair to those who hold.
Typo: Worse....0.0003c!!
BeWary is correct. If you all feel that you haven't been well and truly shafted, why is the SP at 0.003c? What are the REASONS for it being 0.003c and why do you think that FLPC's Bank Account is verging on Zero? Why also do the BoD keep dipping into their own pockets for the day to day upkeep of the business? They appear to be very well off thankyou and none of the BoD have had other jobs apart from FLPC over the last 5 years, so how do you think they've supported themselves? With your money of course!
These guys have , without question, seriously 'mismanaged'the company whether by design or not. You have to consider this: This BoD are supposed to consist of top class, well educated business men with qualifications and many years experience in the Mining business, so they are not stupid. How come these 'less than stupid' guys can set up a Mining business, last FIVE years without making a Cent of profit, live in nice houses and assume a "Restructure" which is probably not happening. Zero information after 8 months tells me something is very wrong.
These 'Clever' chaps have something up their sleeve that you won't know about, so they are keeping you all on tenterhooks. It's not them that's suffering, it's the Shareholders. And no doubt each and everyone of you is nursing some significant losses. Unfortunately, these clever fellows have well and truly shafted you and I doubt they care, even with their 'sweet talking' return e-mail's saying that "It is all ongoing". Oh dear, I have never known in 13 years a company with so much protracted non-information as FLPC!
I still think that everyone on this board should keep having a dig at BR and demand some action. If you don't, he will just keep rambling on about, "its all ongoing" when nothing is. You want TANGIBLE EVIDENCE and there's not a single shred of anything positive about this "Restructure".
There's probably not a lot left to research now. There were only very limited options of research with FLPC, I've looked. All you can do is take Bob's word as Gospel that it will come back "Restructured" in what ever shape for or size it takes. Good, bad or indifferent, but after all this time, one would expect the BoD to at least give a clue. After all, it's in their own interest to try to encourage buying, but all they are doing is discouraging it through lack of Comm's with the Shareholders. It's not good business
If it were my business and a public one, I would be issuing updates at the rate of one a month with at least something to get the imagination up and running. If I were 'crooked', I would release some rather less than truthful 'facts' that weren't actually illegal, but I would spin a few yarns to at least keep the interest up, even if they weren't going to happen. Things change during Restructures, so there's no getting away from a few porkies if it brings the money in. After all, they are Salesmen for their business, and Salesmen aren't always as honest as they should be!!
If they released info. about something that never happened, they can just turn round after a month or so and say, "Sorry lads, this part of the deal failed to reach a satisfactory conclusion". During this time, the 'mugged' investors who thinks he is going to make a bit, loses the lot and the BoD are laughing all the way to the Bank.....and back again! Nothing illegal, just a 'failed plan', that's all ;)
IKGW: Re. Voaden. Don't you believe it mate, it's the quiet one's you need to watch. He IS a Director and one for a reason. He's the guy with the brains behind most of this, and he rarely crops up but he's there, in the background 'doing his thing' .....he's a big gear amongst the little gears. He wouldn't go all the way to the US, following his PPA Buddy without good cause. As far as the BoD is concerned, Willy V has done and is doing a grand job. I wonder what will manifest itself next!
FLPC is a Market Mystery and NOBODY know's what will happen for sure, even if you think you do.
"Watch & Learn" is what I have been doing here for a year. I watched it and I "learned" that it is a disaster share and "watched" a lot of people lose a lot of cash! I also "learned" that the BoD are the only people that made any money. I have also "learned" that FLPC have been spinning yarns of 'great things' to come and "learned" that what they say has never actually happened!
Anyone who claims they have 'watched & learned' haven't been paying attention! The already learn-ed that tries to instil into those that haven't absorbed the 'Scam', need to go to the bottom of the class and write 100 times:
"FLPC have spent all our money and the "Restructure" is a figment of our imagination. LOL.
This board would be so boring if it wasn't for BeWary, LCBM and CE exercising your gray matter!
RJB: It will be a miracle if they bounce back. They have no money for a restructure in the magnitude you think it will be. They have no assets or cash, so loans will be out of the question, especially if the lender asks to see 3 years trading figures for an Affordability check! It won't work.
That joke could go Viral!! " Make a Killing". It has been done on FLPC but only by the BoD!
FACTS: They are all over the place. How much evidence do you want? Fact 1. No production. Fact 2. NEVER Production. Fact 3. Year on year losses. Fact 4. Next to no money in the account. Fact 5. Inabillity to pay utilty bills and Licence fee. Fact 6. Closure of Fencemaker as 'uneconomical' (no money). Fact 7. BoD dipping into private reserves to keep up the day to day running of the business. No money. Fact 8. No Filings. Why? Too embarrassing. Fact 9. No specific information about the so-called "Restructure". Fact 10. NO Public Notices with regard to updates because there's nothing to update after 8 months. Fact 11. They are almost broke.
"Of course we are going to make money out of this ! We did it already in 2013... $$$$$
History mate, nearly 3 years ago. A lot of Dollars has flowed under the bridge since then and flowed so far, they are way out of site and you didn't have an SP of 0.0001 or 0.0003 then. Until one of the BoD announces something more positive than "The "restructure" is still progressing", those Rose Tinted glasses are due for a good old clean up by now as they have become rather fogged :)
JOTYUK: "Try to help those" Glad you agree, I see you are asserting yourself there! It IS a joke but the joke is on those who keep buying this share who think they are actually going to make money out of this Money Pit! Every time I see a 'Top up', It's very sad that who every one keeps buying, makes me PMSL!! I do feel so sorry for these guys who constantly throw money away time after time on anticipation they may make money in a 'dead' company. A company who will not communicate with shareholder's and are 'Brain washing' their shareholder's with some Cock & Bull story about a "Restructure" that nobody know's anything about! That's an EIGHT MONTH "Restructure" which so far, is a gimmick, a farce that everyone seems to think will make them a fortune.
It aint gonna happen! They've had you all over a barrel and just about everyone here has fallen for this old trick. FIVE YEARS, each year a massive loss!I would never invest in a business that doesn't know how to run itself and ends up almost Bankrupt, yet you still keep loading up! LOL. You would be better off trying to earn your salvation and giving it to charity.
RJB225:....to try to help those who may consider wasting money here, not too! The BoD are dilatory and far too lean on providing information that offers any remote possibility of a 'come back'. If they cared to any degree, they would have been offering up occasional public notices to say how sorry they are for the delay and give an approximate date as to when the next news could be released.
These guys are in deep trouble, it's plain to see and doesn't take much grey matter to work it out. It's a disgrace to all GENUINE Shareholder's who have the right to know what's happening to their investment money, as if you didn't already know.
Has anyone else written to Bob to 'demand' some news? I doubt it....but I did....twice, once with a good detailed post, and my second one to tell them that several of shareholder's on this Forum have decided that FLPC is not showing all it's true colors, or words to that effect.
Taken from "Pathways of Progress" Or "Crazy Paving" We face challenges on many fronts in Lovelock and surrounding areas in addressing prior concerns including supplier obligations, regulatory matters, and general operational advancements. To deal with those issues, we are pushing forward corporately as quickly as possible on the matters of financial filings, the authorized increase and *
"obtaining sufficient financing to get us through the next couple of months" until the mill can begin contributing towards the Company’s bottom line.
* This proves they had no money even back in December last year, so what chance have they got now? None.
Fencemaker was closed to due to being uneconomical. For a company that could not pay it's utility bills, AND having to dig into their own pockets to support the day to day running of the business, where do you suppose they will find the cash to reopen fencmaker? They won't. They may HELP to reopen Fencemaker but this would only be possible with mad third party investor who may have been 'talked' into it by the board for a hand-out.
If ANY potential business man or joint Venture comes along to evaluate that site, it will be a non-starter because they will want FLPC to put money in to any venture to help prove to them, the whole site is viable. It may be, but if a deal is struck, some other guys will do the dirty work and give FLPC a commission. Thats if FLPC is still trading as FLPC.
It may well be best to hold for now as if by any fluke chance they come back with a business plan that sounds as though it will work, then sell quick as the Share Price may escalate, albeit for a moment until the Market Makers work out that it probably won't work! As the BoD are being as quiet as little Church Mice, we don't know for sure what's really going to happen, although LCBM may hold a possible clue ;)
If it appears that Bob confirms LCBM's post, then it's very clear that not only has Bob lost faith in the company and has had enough, his words are that of despondency and a 'broken man'. He will have lost faith in himself too. I cannot see this guy with all his experience in doing what he does, is weak enough to bow down to making an admission over the phone that his company is 'Dead in the water'....unless he's cracked, and I very much doubt that.
Bob and his crew are tough cookies and if per chance FLPC HAS been a scam, then the operators of a long term scam are not weaklings but tough enough to see it through to the end.
My assumption is that LCBM's post is not quite the Real McCoy. I do not call people liars unless it's that obvious, but always like to give them the opportunity of 'Back peddling' as they think fit. Failing that, a loss of face is inevitable if proved wrong by Bob and also that which was posted on this Forum. Anyone with a bit of Spunk would make the admission of a bad post and own up.
IKGW: As you are concerned about the earlier post from LCBM with regard to what Bob allegedly said to LCBM over the phone, why don't you copy/paste the posts and send it off to Bob to verify he did actually say that. If he did, then let us all know.......but would you?!
If he did, then he will tell you the same thing and confirm that FLPC has no hope of returning 'as is'.
LCBM: Before IKGW copies your post, are you 100% certain this is what Bob said to you? If you are unsure and you mayhave misconstrued what he said about FLPC being finished, perhaps you would be good enough to send another post here and suggest that you may have misheard what he said. It will save a load more hassle!
It's very unlikely there will be any repercussions about said post, because how do they know who to Sue!! They won't know you from Adam, but it would be better to clear the air. So, did Bob confirm 100% to you over the phone that FLPC has had it's lot?
Give yourself a chance, mate. If you don't really care, then you have nothing to lose by verifying what may or may not be factual with regard to the true position of this company 'to the best of your knowledge'! Cheers. CE.
LCBM: Isn't that what I put in one of my most recent posts? From PPA to ASTAR, then MXO. After PPA Went bust, they changed their name to ASTA Minerals, so it was my assumption that the BoD on this company would Bankrupt the existing FLPC company but change it's name with some or all of the same crew and start with a new Website and a very similar patter just the same as FLPC, same idea, same scam but just painting a different picture.
Actually, LCBM, did Bob really say this or is this a guess? I think he is too sharp to say anything to anyone over the phone UNTIL the notice has been issued. If he did say FLPC is done for, then he has nothing to lose because the company would already be signed off as Bankrupt and ready to release the 'BIG NEWS'. It's unlikely he would have said anything about a new start-up business either unless it wasn't going to be a Public listed Company.
I think they may well disband and get work elsewhere but not operating another 'FLPC' business. Possibly consultancy, but then would you believe anything they say as a consultant? Some people can offer genuine advice and help a company to succeed, but with these guys track record in business, they certainly don't have the Midas touch but the MidAss touch when everything turns to Sh*t!!
"Lots of work behind the scenes". Exactly, there always has been....that's why there's no money left!
It'll be make or break, but I have no idea how they will make it as they have nothing to put forward as collateral. It will have to be 100% sponsership from an outsider and pay the BoD a wage from any gains. It is impossible for the current BoD to do anything about this company without assistance from some other party. I think it will be an RTO and the BoD will end up on someone else's Payrole and it could be bought as a Shell Company with a name change, just like PPA went to ASTAR, then MXO as an Investment Company. Not impossible, but depends on the deal.
IGKW: It's the same over here. Al we get are what we call RNS's (Regulatary News Service)We do get a few Scam companies or 'Try it on' types and they usually get a load of flak, but that's after they swizzled us out of our money. SER was one, and dare I say it, PPA! In general, it is as difficult to make money on our AIM as it here. In the bulk of cases, the CEO's don't give a damn about the Shareholder's as long as the investments keep the MCAP nice and high to help create a high value business.
Never again will I invest in our Stock Market AIM as it is massively risky and you can rarely believe a word they say in the 'news' when it comes through. They are Salesman, and in general, salesman lie or over-hype the product to make it sound better than it really is to get the customer to buy the product. Normal technique, that's the general idea of selling. I have been a salesman for 45 years and never liked it! Too late now, mate. I should retire in 3 years, but can't afford to as I have next to no money and risked a bit to try get some. If it fails (shares)then I'm broke. Honest. To get any real money, I will have to sell my house, but hopefully, not just yet. So many ordinary people in the UK are skint, many are not, but those I talk to, have very little spare cash and consumer spending is crap.
I have a small Main Street business and if I take more than $300 a day, I'm doing well. Often, it's nowhere near that!
For me now, it's closing time and 7pm in the evening. Cheers.
Pitman33: WOW! Unbelievable which it probably is, so how do you know and nobody else does....until you mentioned it here!Come on Pit, it won't happen, if it was going to at all, the Board would have released a Notice to suggest that an update will be submitted very shortly. There isn't one!
I doubt this will encourage any buyers just the same. Anyway, I will watch with baited breath.
Anyone written to Bob within the last day or two and given him an 'Ear bashing'or is it only me?
LCBM: Correct, FLPC is not a scam..........any more! it's all been done.
LCBM (Inc. JIMBOB)The markest has lost confidence in FLPC. As far as the so-called "Restructure" plan is progressing, I bet it's not. The time span is FAR TOO LONG, so:
I wrote to BR a short time ago and told him in no uncertain terms, that it is unlikely there is ANY Restructure is on going, if so PROVE IT. I also told him that in so many words, the majority of Shareholders have lost confidence in FLPC because the general opinion of many on the Forum believe you are operating what they allege to be a Scam (This word was NOT used). I also told him that there has been no more significant investment in FLPC (see the Share price!), and lastly, I told him that I believe that FLPC is undergoing an investigation as was mentioned on the Forum some time ago.
I told him the Natives are getting restless and baying for news, so I demanded they release some news that PROVES beyond any doubt, there is a true and proper Restructure IN MOTION NOW, that will positively identify company progress that is almost guaranteed to give the shareholder's back SOME value in their investment in FLPC. If nothing materialises very soon, I suggested that a few disgruntled Forum members will consider some action to get some satisfaction in which ever form is necessary and further demanded they release some Public news which proves beyond any doubt, they mean to come back as a PROPER MINING COMPANY with shareholder interests at heart. I told him you won't do it because the funds will never been there because somehow, all the money has been blown on 'whatever' and nobody will be interested in investing in a dead-end business. END.
I urge you all to demand some news for your own sakes. Keep at him. When I write to these guys, I never mince words. Obviously, my e-mail to him was far more diplomtic but the tone was the same.
JIM: That must explain why they have no money and have gained substantial losses from day one. After 3 years of this, they should have called it a day and cut their losses because no money was being made. Essentially, a lost cause but not for the BoD themselves as they must have been creaming of the residue with no intention of further investment because there was never enough cash to do much else with. FLPC was just a good salary vehicle without doing much work to earn it.
IS FLPC 'Dead'? Until we hear to the contrary, it is in a 'Comatose state' There are two things that will happen, it will either cease to exist from the current situation, or it will come back to life in some guise or another.
I wrote to Bob a week or so back and laid it on the line to him. As was expected, there was no reply. There are only a few people on this Board and there's no money in the Bank, neither has there been any surplus cash all the time they have been operating (not trading actual business materials).
The word 'Scam' is coming up more often and it's easy to see why, because the whole non-producing, non-investing, non-profit making company gives this impression and rightly so. Nobody can say for sure it's a actualalleged scam, but it sure looks like it could be. It cannot be proven at this stage, so it's assumed.
I still suggest that everyone should 'Badger' the Board about this "Restructure", Bob's e-mail is available to all, so don't mince your words. If the e-mail's persist, he will be affected by the content, so you can play 'mind games' here. Eventually, to stop these e-mail's coming through, he WILL respond to get everyone off his back because it will play on his mind until he eats, sleeps and dreams Investor E-Mail's, just the SAME WAY as some people here may have all their losses nibbling away inside their heads.
Reasonable Psychology is the way to play this one, because if someone keeps going at you, the best way to get rid of them (in this case)is to respond in a positive and credible sense, so that all FLPC's Investors know where they stand. That's assuming you believe what you read. If it's wrong, it will follow the same path as it has been in past years. The you will know. At this moment in time, nobody has a clue as to which way it's going to go.
I did my bit a while back, so it's up to everyone else to have a go. The sooner you do it, the sooner you can bring this to a head. Why wait any longer? It's been 6 months, a VERY long time for three blokes to sort out their business issues, this is why I think something is very wrong, and I also think it's legalities that's preventing the loose ends to be tied.
It could be the main issue is to sort out how or who is going to manage the debt. It could well be a Bankruptcy situation ensuing?
I believe this could be the end of the line for FLPC, it's just far too long stewing for anything good to come of it. If there was, they'd have made a Public Announcement a long time ago, because they would be keen to get more cash in for their 'New' Company.
Hey, I wonder if old Willy V has been hard at work helping to Pen out the new 'improved' version of FLPC. After all, he IS a Director. Makes you think! Hmm.
Pitmann33. Hi mate, hope all is well?
We are all covering the same old ground for the same old reasons for want of something to say!! In the UK we say, 'Same Sh*t different day' but I'm sure that's universal phraseology!
However Pro-FLPC people are here, or how negative, it all boils down to one thing, or perhaps one collective thing and that's we see no results that's going to set light to the heels of the investor and make them buy this share.
Had the Board spent their Investors money wisely and communicated with Shareholder's and be seen to actually be DOING something rather than keep SUGGESTING what they were going to do! They have never actually been doing much at all, just words and spending your dough. None of us here would be writing all this scepticism now, and certainly not be concerned about the alleged "Restructured" the company claims to have in place.
There appears to be a lot of stalling going behind the scenes and not one of the Directors has any credible word to say except "ongoing". Should we believe them? That's the choice of the Investor.
After all these months that's flown by with nothing happening (as we haven't been informed that anything really is), all we have to assume is that clearly FLPC is in a right Muckin' Fuddle and it is my assumption they may come back with a Negative update. It remains to be seen, but I would not urge people to throw any spare cash into here until one is sure that FLPC is truly restructured and can prove beyond and reasonable doubt, they have a credible business plan and evidence that it will work properly. If that happens, there's one very important issue that you have to be certain of: Are they being honest or are they going to drift back into their old ways and spin meaningless yarns? Make your own minds up!
Doc: That's the Theory bit, but in practice, will it work? Too much R&D to make it worth while and FLPC won't be messing about with Antimony any more.
Antimony (atomic symbol: As, atomic number: 51) is a Block P, Group 15, Period 5 element with an atomic radius of 121.760. Antimony Bohr Model The number of electrons in each of antimony's shells is 2, 8, 18, 18, 5 and its electron configuration is [Kr] 4d10 5s2 5p3. The antimony atom has a radius of 140 pm and a Van der Waals radius of 206 pm. Antimony was discovered around 3000 BC and first isolated by Vannoccio Biringuccio in 1540 AD. In its elemental form, Antimony has a silvery lustrous gray appearance.Elemental Antimony The most common source of antimony is the sulfide mineral known as stibnite (Sb2S3), although it sometimes occurs natively as well. Antimony has numerous applications, most commonly in flame-retardant materials; it also increases the hardness and strength of lead when combined in an alloy and is frequently employed as a dopant in semiconductor materials. Its name is derived from the Greek words anti and monos, meaning a metal not found by itself. None the less, however much Antimony comes our way with it's Flame retardant properties, Investors should wear gloves with the same properties to save them getting their fingers burned again by those Rascal's on the BoD!
DOCKZEF:
What's all this Super-conductivity jargon that you place here? Is it some sort of device you can connect to FLPC with the BoD connected in-line as little low resistance Cap's? If so, you need to upgrade these Cap's to a higher rating, Beef up the Flex Circuits and 'UP' the DC/DC board source Voltage. Better still, stick an Inverter on a 12v Battery and connect the other end to The Director's Loo Flusher, that way, they may be sparked into life and get on with the job of running FLPC and 'exciting' the shareholder's with all this "Restructure" rubbish instead of trying to find a credible way out of said Restructure that exonerates them of 99.999% of their obligations to all but their friendly accountant who would probably 'Skin-a-Turd-for-a-buck' and a Candy Bar for services rendered! lol
RJB: My share buying days are over! Been at it since 2003 won a bit lost fair bit too. Right now, I am having to go through Debt Management as even my private Store in the main street is suffering. It's by no fault of mine; like in the US many people are probably going out of business due to Internet shopping (I trade on ebay too), also, consumer spending is not as good as the Politicians make out (in the UK) and it's Vacation season, so Main Street Foot-Fall is poor.
I have been in business for 25 years and done well, but the last 6 years or so has been gradually going down hill. I will probably never be able to afford to retire unless I sell my own property, so the idea of Debt management is consolidate the lot into a 5 years package and be debt free when I do retire. Fortunately, I have no family to support, only me so I don't get pestered for cash! My partner is also very kind and generous. She gives me lots of help with £'s (or $'s)but she gets paid back. I will make it up to her one day.
With regard to FLPC, it would be very sporting of the Directors to fill everyone in with any progress that's been made to date. Without any significant funding, a decent business plan or a willing lender if any such plan is in place...WITH A RETURN, they haven't a chance of continuing with ever mounting debt as there's no input.
IGKW: You miss the point, you put my quotes in Speech Marks, and this is exactly how it's meant. Don't take it as literal! when I say 'make a fuss' or 'demand', you have to follow reasonable etiquette, as I'm sure you know! Being downright rude on an e-mail is different to being diplomatically forceful. You may not even get a reply to either!
You suggested they will release news when good and ready, of course they will but collectively, the Shareholder's need to become one voice and this is not happening. The BoD will, as they have been, dither at their leisure because they don't give a Twopenny Cuss about the Shareholder's because they've already bled you dry!
As there is very little investment going in to FLPC, and there won't be for the forseeable future, they won't bother to make much, if any, contact with you lot because there's nothing to be gained UNLESS they spin another temporary yarn for one last ditch attempt to claw in more revenue based on any hype which they pull out of the hat. Anyone who believes what they say and pours good money after bad, has MUG written across their forehead! Most here know this, but a few haven't yet seen the light.
It's down to the BoD whether or not to write back to each and everyone one of you who, justifiably, complains about the dilatory way the company has been run, and also how little they keep everyone up to speed on ANYTHING at all which is happening...even if they say NOTHING is happening, but....at least it's contact.
Don't forget, you have the right to complain. They have or had your money, now you want to know what they propose to do with it (if per chance any of it still exists). They also have an obligation to release anything that gives the Shareholder some acknowledgement of interest which the BoD still has in attempting to maintain some sort of equilibrium between them and you. In other words, they need to appease the Shareholder by releasing SOME SORT of news that suggests there is something on the way, BUT they won't put a time frame on it. This is because they know full well they won't be able to live up to expectations, so nothing that will suggest this will be written in to the next public notice. All you will get is the usual rubbish update laced with what is likely to be full of hot air and nothing remotely believable...as usual.
IF you guys want results, sitting around wondering is not the way. I have learnt in life if you want a result from someone, it's no good Pussy Footing about, you need to make yourself known and tell 'em want you want in a good loud voice. How do you think politicians get elected? By making as much noise to convince the voters as you can but at the same time, trying to be credible.....not easy! This is why I made a big fuss to B.R to demand that something is done.
It would be a good idea if you all did the same, eventually, you will get a result so keep at him! He will get the message very quickly!
Night all.
iiphillips: It's pretty much as I thought, end of the road with no cash or investors/sponsors to take the risk with no way of ever getting a return. A company with no money cannot invest in the future and with all the debt they appear to have, the chances of 'Restructuring' anything other than existing debt is, is virtually impossible.
It's all too far gone now and, as I thought, all they are trying to do is play for stalling tactics whilst they prepare to bring the curtain down. This is why they've been so quiet; they are lying low until the announce that FLPC will cease trading, so buying more shares here is probably a waste of money...probably as we don't know for sure know the outcome. If it were going to be any good, the BoD would be excited and we would have more positive announcements over the last 6 months.
They've blown the cash on whatever and it certainly hasn't been for the benefit of the shareholder's! If it were, you would have seen the Public Notices as to how it was all used and there weren't any of any consequence.
Pleasure everyone, although there may be a few which disagree with my writings, nonetheless, if it helps you get some results, good or bad and we get a response, we should know where we all are.
That e-mail is unlikley to get anything other than a We're doing what we can' reply which will be non-committal. I can't do any more than that. It's up to the BoD to tell you want you want to hear, providing it's honest and not stalling tactics. However, they can say what the heck they like, it's whether or not you believe them.
Bye for now.
RJB225: Hi, Yes, I sent him a very lengthy e-mail. It was a tough, down to Earth several paragraphs that told him in no uncertain terms on behalf of you guys (The below isn't quite Verbatim but close I TOLD him that:
The company he is running has shown a disgraceful and disappointing performance virtually from day ONE, there was no profit in ANY year, all the Millions that was allegedly 'Invested' to improve the business has vanished with no evidence of ANY Mining, ANY Profit, ANY Sales Invoices, and NO noteable Production. I also wrote that the 1000 Bags of Antimony may have been inherited in the deal from the outset as it wasn't viable for the original Landowners/Miners to process it.
In addition, I told him to produce the TWO late Filings, told him that it beggars belief that a small 'tin-pot' 'Mining' business that ha Mined virtually NOTHING cannot possibly take this many months to "Restructure", so what's going on?
Further more, I requested that he has a duty of Integrity to his Shareholder's in explaining why it appears that NOTHING satisfactory has been done to keep his investors up to date which by all accounts, is equally disgraceful and suggested the company is being wound down behind our backs. The whole thing is a debacle from start to present day. I also suggested the so-called "Restructure" probably doesn't exist and if it does, it will fail the same way as PPA did under similar circumstances and equally bad mismanagement which ended in Bankruptcy.
Finally, I pointed out that some of the Shareholder's had suggested that FLPC was 'under investigation' and wanted confirmation this was NOT true. I went on to say that from the outset his company wrote, "There is no guarantee the company will succeed" and that it appeared there was little intention of FLPC going beyond 'A 'Potential' Mining company to help strive for 'the good of the USA' and told him that it was Light Years before anything like that remotely came to pass.
The last pointer I made was to get their Fingers out, stop messing about with cheap talk and tell the Shareholders in an immediate Public Notice what you are GOING to do, not MIGHT do and positive results are only acceptable for the good of all those who believed what you about said about Fencemaker, Liberty Mill and The Laboratory when you said you 'Have the capability'! Rightly so, but it went no further than 'Capability', as did the other ventures with potential for X, Y and Z, none of which has worked properly to date. Essentially, FLPC was a non-starter from the outset, so prove to us it's going to work.
Regards
I don't mince words and speak my mind. I'm surprised that (maybe) nobody else has written them a letter taking advantage of their rights as Part Company owner that are entitled to know how or where their money has gone and how.
That's it. I won't get a reply to that lot and told him I didn't expect one. All I wanted him to do was be forthright and honest with those who have perhaps more than just paid his wages. We have the right to know.
Rarely any posts these days. Nothing happening, no news on their so-called "Restructure" and no news on anything at all. They're 'finished' I expect and just working out the final way to close the business down.
Was it, is is a scam? I reckon there are plenty of people that think it is. I've a good mind to e-mail Bob and tell him straight into his eyeballs now. A company of this size has a duty to inform it's Shareholder's about what's happening to their investment, but I think we already know that. They've blown the lot and have no intention of "Restructuring" this company for the benefit of anyone. A very disgraceful performance and will tell them so.
IGKWX: lol, OK, back to moaning again! Loads of people imply 'Criminal Activity', I prefer to allege that it appears to be mismanagement by the BoD. This in itself could be construed as (allegedly) deliberate 'mismanagement'. The proof I can offer is everything speculated on the FLPC Website as to the overall 'potential' to Mine, and how they purport to be 'going' to do, but never quite doing anything. It's never got close to a Functioning Laboratory, never remotely close to employing a proper Drilling company, nor Blasting nor anything much at all!
What it has achieved beyond question is spending everyone's Investment money, and enjoying a very nice lifestyle. They have also achieved a 'Zero' Bank Balance, A ni-on Zero Share Price, and a year-on-year loss to date. They have also managed very carefully in not investing into 'Product', not sold one single bag of Antimony, given up on Fencemaker as not viable, lost one Director on grounds of Fraud, 'lost' TWO filings which they don't want you all to see and having to fund the company from their own Bank Accounts for the day to day running of FLPC!
They are now and have been in the throws of "Restructuring" the Company to "come back bigger and better" for the benefit of the Shareholder's and give you all better value for you money which of course, will never furnish your pockets again except perhaps enough loose change for a few Candy Bars!
There is no ACTUAL evidence of Criminal Function within FLPC (because he left)BUT, who's to say what goes on behind closed doors? It could be a huge success, an RTO or a complete failure. My guess is the latter. Why, because it's taken MONTHS to get nowhere because they havn't released any positive news AT ALL! MONTHS! I mean, how long does it take a tiddley company to restructure itself?
This company so far, is a complete and utter failure just short of Bankruptcy (or Chapter 11) with nothing at all to show for FIVE YEARS of listing on the SEC. Surely that must tell you something because none of the BoD are dressed in rags!
What I think will happen, is that the "Restructure" will fail and they will call it a day and become employed with another larger company as Director's or Adviser's (like Voaden) and most companies that some of the BoD have become involved with have gone out of business. All the above is 100% true :) No proof of Criminal Activity, just a load of Hogwash! It's up to the reader to decide whether the Company's Hookey, Ligit or just trying their best to make an honest Buck. Can I use the word Honest here or is it out of context! lol
It's getting towards 'Beer O'Clock', so catch you later for the next episode of.....
FLPC Starring Sherif BoB Reynolds, Deputy Don (or should that be Deputy Dog?), and the Chief 'Book-Cook' and Bottle washer, the Infamous William 'Dick Dasterdly' Voaden riding around in his 'Mean Machine'. Yaa Boo hiss! Spit on de ground!
Yes, I bet you did smile at that lot!
BeWary: The only reason this would 'Rocket' is by the initial news of a 'Restructure'. Any news that is supposed to boost a company's potential goes up. That is until the Market wakes up to the fact that it's all full of nothing, so it will crash by as much as it rises.
(Looks as if I'm done for mate. I'm heading very quickly towards the plug being pulled in every direction. A feeling that you or anyone here wants to ever experience. Sick to the stomach and it's not nice. House, the lot.)
The whole town is going down the pan, not just me with my specialist trade, everyone in Dorking is complaining big time.
LCBM: let's hope they don't disappoint. Seems like you know more than most people here? I will be interested to see what the effect on the SP will be when the announcement is made. Undoubtedly, the SP will Rocket, so what does everyone do? Risk staying in or buying the share, or maybe get out quick?
What will be more interesting to see is that if the content of the Public Notice looks VERY promising, will they keep to their word?
I can't and won't predict one way or the other because IF this "Restructure" comes off and is as good as it may imply, will they keep their part of the deal OR grab the new investments and it all falls flat? I personally wouldn't risk it judging from what their track record has been. Can the Leopard Change it's spots? Maybe if Engineered properly, but I would be extremely cautious as I don't trust the guys to take it all the way to success. My opinion only as we don't know the result. Once bitten....