Successful Businessman unlike FLPC
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Waxman: Actually, that's not 'it'. William Voaden is not just a mining consultant. He is on the Board of Directors so he will have to some degree, a 'vested interest' in FLPC and along with that interest, he will have a say-so in the Running of the company because FLPC is a MINING Company that doesn't actually Mine anything because they can't afford to do so. Year on Year losses with no cash input apart from those who wish to support this rabble, and has not got ANY Paperwork to prove that any profit from mining anything has been or is, forthcoming.
They are probably funding the business from their own pockets because there's no cash flow. People do really need to wake up to the fact that the new Consultant Company has been employed to try find the best way to get themselves out of trouble or advise them to pack it all in.
At this stage, if the company was buoyant and had cash in the bank, plus and a functioning Mine AND producing, this Consultant Agency would not be necessary, and neither would the need to "Restructure" not just the business itself, but the Debt accrued over the years. These guys are in serious financial difficulties and need a way out. If they publicised the last two Filings, you would see why and how big the losses really are. All you need to do is back-track from day one to see the losses, as that's all they have made. But still people throw money into it 'Willy-Nilly' to support a business with nothing remotely to show for itself and no improved cash flow, no orders, no mining, or even an active Quarry with any operating Plant. They couldn't even afford to hire a Wheel Barrow. Well, maybe they can but one's not enough. Even then, someone has to be paid to fill it and push it....if there was anything to fill it with! Ah yes, 1000 Bags of 'Antimony' still in storage waiting to be processed. Yawn.
They had a bit more cash back in day one and still they didn't Mine anything! They lived on the Shareholder's beliefs (from their 'Bull') that FLPC was going to be a big successful Mining Company. It's a whole lot worse now so the chances of mining anything is even less likely than ever before because they are running the show on Vapours. It can't be made any clearer than that. Still waiting for news on this so-called "Restructure".
Have a great you lot and keep everything crossed that FLPC will come back in the Ring anew, Fighting their position to keep their promise to you Shareholder's. They owe you guys, BIG TIME!!
That's because they are Sh*t creek with no paddle. They're clutching at straws as to what move they have to make next. IMO, their next move will be with Suitcases in hand. One positive fact is that they have made losses in all the years they have been FLPC'ing! It's full of the best ambiguities I have ever read in a Share whether US or UK. Credit to them for lasting this long and getting away with it. Not for much longer I don't suppose.
You can't Polish A turd. Once a turd, always a turd in whatever shape or form it takes!
I reckon that all this will possibly amount to a "Restructure" within a 'Chapter 11' guise. Everything points to the company's inability to master it's own short comings and the Director's who have 'left' have left the remaining bosses holding the baby and they don't know what to do with it. It needs specialist assistance (which they are doing) to come to the rescue if it's possible at this late stage.
The 1000 bags of Antimony is no doubt in some storage yard awaiting processing when it becomes viable to do so, but to process it, you need cash and a place to do it. I doubt it's sold and there's no buyer until it's been assessed for %age quality of the content of the Ore. In the meantime it will probably sit in storage until they have the cash to sort it out. It won't be going anywhere just yet, I don't think! It may do in the fullness of time if this company manages gets it's act together.
Anyone know why the 1000 bags of Antimony is still sitting in the yard unsold after over a year? Would it be because the Mine/Plant owners haven't been paid for helping extract it, in which case, it's not being released for resale? If any one can satisfactorily answer that question, you should be on the BoD or instructing the CEO to get his finger out and sell it to put some money in the bank.
I think that as yet, it doesn't actually belong to FLPC until they settle the bill......which they won't/can't! If it's not that, they cannot afford the Truck and shipment costs because nobody wants it yet. If there's a buyer, they need to pay for it 'up front' so that FLPC can pay the transportation costs to the purchaser or build it into the asking price so they come and collect it. IF FLPC want to do a deal, they may well have to be more flexible on the 'ask'.
I think you're right. Should have happened two years ago. Bunch of crooks!
IGWaxman. You don't need any 'restructuring' when someone leaves or gets turfed out! You strike them off the pay role and change the Co. Letter heading if their name is on it, tell the accountant and maybe inform the Tax Office of any changes. A company 'Restructure' totally changes the business model to morph it from one thing into another. Because someone leaves the company, doesn't create the need to to announce 'Big Changes'. All they need to say is that 'X' member has left for whatever reason and they continue to run the business as normal with a few changes, that's all.
They have one less pay packet to deal with so that means they have saved more money. More to divide between the remaining BoD.
Yves: Nothing is going on with this company that we know of. When I contacted the board a time back, Bob gave a whole load of nicey nicey, friendly chat as if I'd known him for years. When someone is this nice to a complete stranger, it becomes becomes less plausable the nicer they get. Easy to see through. OK, Bob was being polite to try to retain confidence. If I wanted to get the confidence of the Shareholder, I would have released several notices by now with all 'great things to come' to keep them all sweet and coughing up the cash........before I did a runner for good!
First Liberty Power....The Power to deceive. Remember that.
How long is it since the last Public Notice, longer than 6 months? I believe it was the "Restructure" Notice with all the attached rubbish. I would suggest that if everyone is so keen to promote FLPC, that you ALL bombard Reynolds with demands about what's happening to the company and YOUR Money. If you don't do this, you are happy with FLPC to sit on their backsides and do nothing whilst your cash has all but vanished.
If anyone lent me $1000 say for a year with a promise of double the return and I didn't deliver, my guess is that you'd come after me to demand it back. Same thing here: They have 'promised' you a strong company with Antimony worth a fortune and now a Restructure which is 'certain' to create Shareholder 'Value'. It hasn't happened, so why not go after them to? You have risked/'loaned' them loads of cash to build a successful business for your benefit, now you want recompense or retribution. Why wait? Get writing and demand answers! If you don't do this, you don't care about your money.
Pitman: This is what a few of us have be trying to tell you guys for about a year. I have nothing against anyone here, never have, but the long and the short of it is that it has been a nightmare after the first year's trading figures were released. Big losses recorded.
Having followed this board for about 6 years, they have a very bad history in serious mismanagement from about 8 or so years ago with PPA when they had a share price of the equivalent of c$1.50 per share. The pattern of trading, the lack of news and the huge lack of investment caused the PPA Share Price to dive right down less than half a Cent (equiv.)
It does have a bearing here because whilst part of the board is the same, the Share price and their methods of extracting and Wasting Shareholder's money with ZERO Investment is exactly the same. They bankrupted PPA and FLPC is pretty much a facsimile of that company.
A month ago, I said I had a reliable source of information that FLPC was heading towards and allegedly succeeding in a "Company Restructure" this 'Reliable' source is becoming questionable now as I guessed it would. No news about the "Restructure" Process has been forthcoming and the board is keeping it all hush-hush. Why? because it is highly unlikely that any restructure is ongoing and if it is, why are you guys not being informed?
It is also without doubt a load of Bull that will probably not benefit you Shareholders, because the "Restructure" process is almost certainly stalling tactics and being used as a Scape Goat for of the BoD who will no doubt say, "Sorry Guys, but we've been given work elsewhere and FLPC will cease to exist from 'X' Date". Can't prove that, but that's what I think.
There is still no sign of the two late filings, so once again, where are they? Well, no doubt in the hands of the Auditors to try to make some sense of how to get the BoD off the Hook. As you know, FLPC has made a year on year loss with little or no investment into production that has made any kind of significant return. There has been millions of Dollars passed through the hands of this company and STILL a declining and non-existent Share price.
What surprises me, is that nobody has paid this Board a Visit to demand a full explanation into what it's doing and where the cash went and what it's TRUE proposals are. I think they are trying to find a way of appeasing what creditors they have and paying them maybe, from their own pockets to keep the company name out of Court for now on the possibility that people will still be daft enough to pour money into a 'nothing' company.
If anyone here still thinks that FLPC will Rise from the Ashes, it's a wild guess, that's all. For your own sake, you or anyone else would be unwise to buy more shares of this company when so many others can show you a salient business plan and along with it, at least a Tradable share.
Write to 'Don the Con' or Bob Reynolds and see what rubbish they come up with. I tried it some time back and got back a 'sob' story and a mountain of Bull Sh*t. I expected nothing less.
Your money, your choice.
Wow! A one Million buy eh? Thats' a few Dollars worth but it still drops by 16%! Clearly, still no Market Confidence just yet. I'm still awaiting my promise from my reliable source of information, that you guys are promised by said source, that there is plenty going on to secure the future of FLPC. If this source is found to be unreliable, I can assure you there's no hope. Later on, and when it happens it will prove my source was honest. The assurance that the wheels ARE in motion is ongoing, but looking at this info. it will take a while yet. Patience could be a virtue.....COULD. Money is on the way?! My info. was 2 weeks ago from a trusted source. 100% no B.S. A bit of a riddle, but hold on.;)
BOOM? Well, I still awaiting the 'Boom'. Maybe it had a wet fuse!
Institutional Investment is unlikely to have anything much to do with this outfit because there will be no gains to make it worth while. As BeWary says, they will take one look at the Filings (what there are of them) a turn about face with mouths turned down muttering to themselves.
LARGE GREEN: Why waste your money on no news? At this stage, we have here-say that it will 'boom', but there's no hard evidence that tells me that there will be any 'Boom' because there's no tangible plan at this time. Nothing to research!! You are relying on collective speculation, and even I was informed about FLPC going 'great guns' in due course but no time frame was given. I was told that because of various factors and other parties involved, this may take 'some time' to put into motion. Stalling tactics may be used to give the BoD more time to sort out loose ends and funding issues.
I was told that 'current funding' for FLPC is NOT from any outside party at this time and there's no Bank money of any consequence to maintain the business in the way that it should be. Work it out.
Large Green, there's no guarantee you will gain, but there's also no guarantee you won't! Without a business plan carved in stone, I would wait until you KNOW what they're are going to do and see what you can find to reliably back up their proposals to be VERY sound. If you can't see this, for Heaven's sake don't chuck your money into this money pit. Up to you, all I can say is damn good luck if you do but don't be taken for another Mug.
Wax: Yes, I do, well that's what I was told, so at this stage I rely on the integrity of my source of info. and the sincerity of how it was told. We shall see!
The real Parasites are the BoD who got you into this predicament in the first place! Had they run the business properly, you may have had a good share price, but in FOUR YEARS, they have milked it dry with no product. All you need to do is refer to the Charts.
If you are very lucky, they may come back (see my earlier post)on the basis that my source of info. is reliable. If he/she proves to be, then great stuff!
Without a few derampers, what will you talk about because there's nothing that the board has provided for you all to latch on to. If they DO send out a Public Notice, then it will help fuel the Forum with new talk and what will become of the New "Restructured" FLPC. I hope for you guys sake, they come up with a decent recovery plan. I would try to ask the CEO to offer you some specific info, rather than a standard nicey, nicey letter that will say lots but tell you nothing. I tried it some time back. Very pleasant response, but purely waffle with no definitive answers.
Some short while ago, I received some information that states that the "Restructure" is in full progress and those that matter are in talks with other company's as how they see fit to progress FLPC to a much better position with funding coming from nearer to home sources. I have it in good faith that a public notice will be issued in due course, but no time frame has been mentioned.
The above is factual, no Bull but at the moment, I will not divulge the source of information as it could prove very unreliable, so please don't ply me for more details. Nuff said for now, but the 'source' seemed very plausable.
I am also rather sceptical as to whether EXACTLY 1000 Bags of Antimony actually exist at all!! Why that number why not 1100 or 950 etc. Hmm.
Would everyone like to see a Photo of 1000 Bags of Antimony and the place it's stored at... Yes? Well here it is below, It didn't come out very well as it was taken in a thick Fog.
Here it is...........
Good isn't it?! Grossly over exposed and without any descernable detail. Bit like FLPC.
BeWary: I would assume it would be a smaller company, not a large multi-million Dollar organisation. If they can waffle their way through a load of rhetoric, or BS, they could probably convince to some degree that FLPC may be ripe for takeover...but takeover what? Maybe another RTO? LOL, and we know what happened before!! They know there's Antimoy there, so maybe a deal for what it's worth. Perhaps 'Don the Con' is living up to his name. He's managed it here, and elsewhere, so no reason why he can't anywhere else?
I still think it will be the end of FLPC as we know it. May work, but not without someone else's money and who would enter in to any contract with these guys? Will it be bigger and better or will it just disolve into nothingness?
Yes, I do like to guess, that's because nobody know's what's going to happen. I could 'assume', 'speculate', surmise call it what you will. FLPC Shareholder's are 'assuming' they will come back online with a bigger, better company... that waits to be seen. I reckon I am close to the truth with a merger or delist.
The 'Restructure': My guess is that FLPC will bought up or merge with a non-listed company who will may pay off the outstanding debt. It is highly likely that who ever offers them 'X' Sum for any existing rights on the drilling land will then sweep away the BoD in favour of a new, more reliable team that can run a business properly and without blowing every single penny on so-called costs and expenses.
This may be a Chinese Company interested in Antimony which could be one reason why the CEO had been out to China. These Chinese guys aim is to Capitalise/Stock pile on High Grade Minerals with a view to create 'Super Batteries' for Electric Cars which is the way forward. They are getting fingers into pies early and grabbing what they can 'on the cheap'.
This is perhaps another reason for the CEO stating the word 'Restructure' and used inverted commas because the use of Inverted Commas, rather off-sets the meaning of the word in the context we think it means, when in fact it means something they are keeping from the Shareholder's. Ambiguity of course! Again, only guess work, but the current track record of this company's productivity is rubbish, along with how they've squandered the cash.
I really believe that you will see an outsider coming in to snap them up, and one of TWO possibilities may happen (IMO)They will continue as they are with 'assistance' and become Directors of 'the new company' should there be one, or 2.) Delist and merge into a non-listed company who will offer some sort of undisclosed settlement to take it over and sweep it under the carpet.
Because the BOD have said nothing, we can only guess. Speculation is what it's all about for now. It could mean that the current CEO and his cronies has a way out without any questions asked or any brickbats once they are out.
All this is purely guess work, but I also believe it's a plausible guess.
People would be better off handing their cash over to the Street Beggar or a Charity. At least you know what use it's been put to. If someone you hardly knew came up to you in a Bar and said, "Hey Man, please give me $300", you would tell him where to go. Same thing here except you think you may get a return from these conniving rascals.
There's STILL no Business Plan known, so why fund nothing? OK, if we all knew what they were proposing to do, it would be less of a mystery/Risk. At present, you are funding their life style, little else. VERY High Risk of losing the lot.
It was only a few weeks ago that I wrote to the BoD and asked him what he proposes to do with the 100 or was it 1000, 1 Tonne Bags of Antimony, all bagged up and ready for sale? I also asked him why said Bags are sitting around in a yard doing nothing and why are they not sold because they've been there for many months. A fair question but I didn't get a reply. What a surprise! Maybe it was just coal!
The reason why they won't be producing anything is they don't have the money to pay the Contractor part payment up front before they start work! They have no money, let alone maintain a Mine or pay a Blasting or haulage company.
If they can get some idea of what quantity's there, then find immediate buyers for the Mineral at the right price, they may be able to lay their hands on some cash to get producing on the basis of Qty and Value. Any Bank would require security to loan them the cash to organise the mining, but they have little or no assetts to lay on the line. So that means no mining and no Antimony until they get the cash for the stuff sitting around.
Very poor, lax management. It's worth thousands, so why's it still there?
BeWary: It was told that the many many thousands spent on a so-called RTO in 'Fees', made a very good job of Bankrupting 'that company', so I gather? There was no indication who the RTO was with and no-one was ever quite sure who the 'Fee's were paid to. That was engineered Bankruptcy to CVA, then finally bust. That CVA got them off the Hook and whatever cash balance remained ((50K?)was just spirited away.
All those years of investment and a share chart that almost replicates this one. It's clear that a similar scam has been perpetrated for just one thing: To get cash with promises of everything but do nothing. It's been clear for two years of these guys intentions; talk their way into a nice fat Bank account with nothing for the Investors except huge losses.
BeWary: This 'Engineered Spike' will of course be the 'Restructure Program'. This will boost the coffers of the CEO/Directors and if you notice, it's coming along just as all the Share Funding is drying up. They've been working on this for months as they knew the price would fall way down and investment would come to a halt. They need to hatch the new plan to start the ball rolling once more and keep everyone hanging on for it all 'to happen', but it never will. Just like the old days!
They are getting to retirement age soon, so they need their 'well earned' boost for their Pension Pots. I suppose that if a company can last this long and still keep fighting, they really have earned their money purely on the strength of their ability to keep people people hanging on. My guess is that the Restructure will be far too tempting to resist. Watch the buys flood in! The shares will rocket and as you say, some folk will turn a profit. Many will lose the lot.
It's not impossible if their restructure is salient and viable. Be careful just the same. They can write what they like as they have done so in the past. They could have hatched a very plausible sounding plan for the future....their future, but whatever is released, you just need to study what they write and try to pick the bones from it.... see whether it's kosha.
You or anyone will need to follow up their report with questions and see if the answers you get fit the bill and not just lies. If this BoD was worth their salt and were serious about all this restructure, they would have released more information about at least SOME progress, but they haven't.
Maybe FLPC will spring into action all of a sudden, but they are dilatory with regard for Shareholder information. If they really were serious about all this restructuring, they would have told you by now. So far, they are very very cagey and unreliable. I would never put ANY of my money into a non-communicative company that is not offering anything at all. See Sweetum's earlier post. Best contact the BoD and demand some info. as to when you Shareholder's can expect some news. Bet they can't tell you. A very sorry state of affairs and a very Toxic Share.
Dockzef: All a bit of fun, mate! Overall, this board is pretty good and fair. Over in the UK, one or two of the boards I'm on are downright nasty, even for a one-off comment about someone. The difference is there, that you can be banned altogether or suspended for just ONE underhand comment.
As far as FLPC is concerend, I would like to see it take off so that guys here can at least get some or all of their money back, AND some may make profit at these levels. All you can do is sit it out and keep everything crossed. I do wish that the BoD were more communicative just the same. It would relieve a whole lot of tension, plus it would give everyone a bit of hope rather than them just keeping quiet and releasing little or nothing about there proposals. It's quite a disappointment for you guys, so lets hope you see some action very soon. There will be a Shackload of money to be made at these levels if the volumes increase and some buying is encourage with decent news.
DOCKZEF: Yup, I know the meaning but I chose to modify it just for the hell of it. Seen worse. I suppose it has a hidden message like the guy who is 'BeWary'. A warning of a 'Happening' or Omen, something going to happen but could go either way. Bit like FLPC, could go anyway, up, down or out. I see the 25% + earlier which will be followed by the 25% - in due course. The regular pattern!
A number guys on here seem to know that FLPC will come back stronger. I hope for their sake, it does. Whoever know's what's going on here, as implied they do, won't share the info. with their fellow FLPC'ers which seems a pity. I have seen numerous posts from people who are 'going to buy more'! I don't think any prospective buyer in their right mind will buy into a share on someone's say-so.
I have been in many shares over the years and one can easily be lead by someone who 'know's the share will fly' and come back with 'all guns blazing', it almost never happens! It would be fair to ask, and for the sake of anyone wanting to buy more shares with this 'unknown quantity', why on Earth would you buy without knowing what you are buying into if those 'in the know' won't tell you! It makes no logical sense and one cannot do any more research because research is now maxed out. There's nothing new because the BoD is not telling anyone about 'progress'!
Essentially, nobody know's anymore than they can read because it doesn't exist. The BoD has not released ANY useful information for months and months.
"Only buy when you know the plan. Buy Blind and you'll end up down the Can"
I bet you are all waiting to see the two unpublished Filings! Wonder why they're holding them back? Surely they can't be that bad....can they?
5wood: Don't blame you! OK, thanks for the tip. Were the questions/answers available to this Forum or would you rather keep them private? If you do, was the overall response encouraging? Thanks.
JIMBOB: Seems to have hit on a nerve there! It's not me who intends to invest in the share ever again. I think what you fail to realize is that I am not after an opportunity here. What DOES matter is that you appear to know so much as I said, but You have nothing you are able to disclose. OK, fair enough.
Why are you constantly telling everyone on this Forum that you apparently know a whole load of information BUT won't tell anyone what ANY of it is so why bother? You are giving EVERY Investor on this Board False Hopes and trying to tempt people to part with more cash for a lost cause. Most people on this Forum are keen to know what you know, but won't part with any more money because there's nothing to convince them you know anything at all! Who's to know? Only your good self.
It is all rather unfair to everyone, but suggesting great things with nothing tangible to back any of it up. It's simply Dangling the Carrot. Information is NEVER shared with outsiders by any Publicly listed company, which you are aware of course. So best leave out the " I know everything, but will tell nothing" bit. It's not ethical for other FLPC'ers. However, if something does happen soon and on your say so, the Forum writers will sing your praises. Unfortunately, the Need to Know is compelling, but if you won't say anything that helps, that's your prerogative but fails to convince. Your word against the unsure's.
If this share suddenly goes way up, we still won't know whether you knew or not so you win all the way by luck or judgement!! If it goes belly up, it will just go to show that any info. you have been fed by whoever, was incorrect. It doesn't mean that you are to blame, just acting on good faith. Best of luck for a good result soon.
Only one?
JIMBOB: You are correct about being unable to reason with SOME derampers. However, you can reason with me as I am a fair person to deal with. Lets take a good look at some issues:
We have a company that has little funds and no real assets. We have a company that has been running for 5 years or so and apparently has 1000 1 ton bags of what they claim to be Antimony, as yet, unsold. The business has had millions of $ Investment but we have yet to see what these millions has achieved in this space of time.
As far as I can see, there's been no hard evidence of FLPC forging ahead to mine and produce large tonnes of anything. They have not released any Public notice that is conducive to attracting investment. They HAVE told us in their Website all about the POTENTIAL in the areas/Mines/Labs listed on their Website. However, there has been almost NIL 'Hands-on' work that links FLPC to any of these sites that is functioning in any shape form or size that shows any encouraging results. One Mine has been put on hold and there seems to be issues with what is (or was) Coronet. There is or has been an unpaid bill for there Internet serivce or associated problems and two unreleased Filings. Only recently, has the business Licence been renewed. This points to a dangerously low Capital and certainly not enough to invest in anything as far as we all know.
We have had one member of the Board Charged with Fraud and only three main Board members are active. Don, Bob and Willy V. We do not know what they are doing and Voaden, whilst a Director remains silent. All we know is of a 'Restructure' which is being kept under wraps.
What we DO know is that you appear to know more than anyone else here about the progress, so this means you have access to inside knowledge or work with the BoD (which is unlikely). Because you appear to be confided in by the BoD, proves there's a leak in the system deliberate or otherwise. If they are keen to get more investment, they would have released 'Taster' Notices to hint as to what is going on. So far, they have released nothing.........not a clue.
All this Forum and it's investors are relying on is a few here, including you Jim, that will not let on to what you know which is Counter Productive for the share. What I am saying is that you are 'assuming' because if you DID know, then the Market would have latched on to 'happenings'and this would affect the share price for all you benefit.
Had all these positive ramblings had substance to them, why then is the Share price only 0.0001 (fluctuating)of a Cent? We see some trades and no trades and it doesn't take much to pass a few million shares through the Market to create a 25% jump, but if you've noticed, it's never or rarely anymore! It's not news that's doing this, but simple buying and selling.
I have written twice to the board in 2 months but no reply (unless of course my PC System is rejecting some e-mail's). The current Shareholder's who are all losing out should ask you not to with hold clues as to your suggested knowledge and shared. Even a hint could affect the Share price and if the board has confided in you, then it's your duty (as you seem that close to them) to ask them for some POSITIVE notice release to attract investment. So it's down to them and little bit down to you to get the ball rolling!
See what you can do! I will be convinced WHEN and only when I see hard written evidence of something going to happen. Can't be fairer than that! This is not a deramp but a logical suggestive post that you can assist your fellow Shareholders with if you care to share some of your info. with. It will help dispel this Forum from bad feelings and give them a straw to clutch to, maybe more.
Come one Jim, put the Forum out of it's misery and get to work!!
The company doesn't answer many or any e-mail's. I have tried on a few occasions to get a response with polite, diplomatic e-mail's so I can relay what they say on here. Alas, no comeback. Perhaps they are too busy 'Restructuring' to bother with half a dozen questions, all perfectly reasonable one's too. Never mind, all the questions will be answered soon.
Voaden is a Director of the Company and usually Director's Direct! I have no doubts that Willy V is performing just as the company requires.
Director's are of course a main component in the running of a company, we all know his, but sometimes, components malfunction and need replacing with one that doesn't......... unless of course it's engineered in such a way that, by design, it becomes deliberately defective :)
With no shares traded, the tension is almost unbearable as to what will happen next! Boom or Bust?
Pitman: Don & Bob? You missed one out!
Don & Bob, sounds like a Double Act with two Magicians showing us how easy it is to make things disappear when in reality, things still exist but you can't see it.....like Q10 Filings :)
CITIZENCAINE: All we can do is wait and see if LCBM68 is correct. I doubt he's an Insider, certainly not with FLPC but may have connections elsewhere to source information. In this case if he does know anything, he won't be able to go beyond letting you guess. Uusually what happens, is that if he know's, others will know too, and it will filter through to the Markets. If there are leaks, the Share price would have gone up 100's of % by now because 'Insider' news spreads very quickly, so I'm thinking it's just optomistic guesswork. Fair enough. Share Price is -20, so there's your answer!
LCBM. At least someone's optomistic. Well done for keeping the FLPC end up. Has anyone else tried to get a response from the Boss yet? Is he alive and well or hiding in the 'Boiler Room' White Washing the coal?
Still would like to know how people seem to know so much, but then again very little. News is impending and confidence is 'booming' but as yet, some of the Shareholder's are still oblivious as to how you know there's 'things'going on but being very cagey in sharing any detail here? Some Beans need spilling if there's to be significant FLPC support here!
C'mon, spit it out Lad!!
CITZENCAINE: So, all the while they are trading shares and running a publicly owned company, it becomes a legal issue, or Illegal If they don't pay! If they don't they couldforce closure but to 'reopen' on payment of the Licence. It is assumed that FLPC has been in touch with the Licencing Authorities to confirm payment 'In the Post'. Another question to ask Don and see how/if he responds. I reckon one of the BoD will fund the Licence from his own pocket as I'm sure he can well afford it!
Hawkshaw: The 350 Tonnes of Antimony (or Anti-Money coz. they haven't sold it)has been sitting around for at least a year or two. It's had ONE Sack pictured on their website for ages. It's probably full of Manure, just like the promises of the BoD!
It has been noted that all this Antimony is bearly going to dent their losses as and when they sell it. Thing is, why hasn't it been sold? My guess is that they couldn't pay the guys who dug it out becasue they have no money to pay with. It's probably impounded awaiting settlement of the bill.
Even if it's sold, how will they afford to keep mining it? Once the money goes into their account, it will be absorbed by: a) A Creditor, or b) Whisked out promptly by the BoD.
As for answering e-mail's, no, they're not. I tried one the other day posing some perfectly fair questions but no reponse was given.
Simply ask them:
When do we expect further news on the 'Restructure' and will this 'Restructure' be benefitial to your Shareholders. If so, when will, (not might)it be implemented? Also ask them when they intend to sell this 350 Tonnes of said Anitmony and why has it remained unsold for years? In addition, will they confirm and guarantee your Shareholders whether or not FLPC will continue to Mine Antimony,or any other Mineral? If so, which company may be assisting?
I could go on: You will NOT get a reply that is satisfactory because if the above info. isn't answered fairly and honestly (ahem), they have to follow it up (have to!)If they don't, then you will be in no doubt as to the intentions of the company. Then find out exactly what their intentions are, that's if they will tell you!
I have been in business (my own business) for 25 years as a sole company owner and learned a lot about how people talk and trade. It's very easy for me to smell a Rat which is why I ask ALL of you to Badger the Board for immediate and plausable answers. FLPC may well prove to be the Shareholder's Nemisis.
Perhaps our negative posts will spur you guys on to get results from the BoD. Maybe if it wasn't for all this negativity, you'd all be sitting here like Lemons waiting for something to happen. You need to get tough with BoD and start making demands rather sitting around looking for inspiration. You own some of the company, so it's your legal right to create a fuss. Go direct to source, give Don a scolding and see if you can wake him up to the fact that your are getting impatient, he may well listen. Love to know what he says.