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In less than a week they unloaded the .745 billion to some private investors.
O/S = 17.757 billion
The O/S hasn't changed since my last update on 2/27/09 17,012,134,229
That was only a preliminary report on just three minerals. Also, it does not include the gold in the dome, which may only need a bulldozer to extract.
O.S. 17,012,134,229
I don't quite agree.
I am not an investor to have a long time holding in a stock, at least not this one. Although that is exactly what happened. If shareholder value is increased and focus can be placed on the mining, it could be a good deal.
Does FMNJ really have the knowledge to do the GTL projects anyhow? They do not, they would have had to partner with somebody.
I think this is a good thing, if it does ever happen, and hopefully after ten years I may be able to rid myself of all my shares in this company.
I spoke with Steve today. The company is still there. I bought the fifty on Friday...
My main question is who are they roping in? Who are the bottom feeders at this price? It cant go any lower. Nothing you said make any sense
Well said. I will call the home office next week until I get through and ask many of the same questions. I will report my findings, when I get through.
In that regard, Billy needs to realize the P.R. company he hired does not answer any questions and the only one who answers questions are people at the office.
Ever here of bernie Madoff. He was well known...
Had enough. Trapped in an investment that has been wasted by management.
Yes, yes The Canadian company was supposed to be the be all/end all report. It was supposed to be done by May, June, Septembet, December, Where is it???
Just another dopey consultant they can use to put their name on something that creates no shareholder value.
Have any of you received a dividend from FMNJ??
How has that investment gone since Bill took over from a capital appreciation point gone?
Anybody??
What was the share price then, and what is it now.
More nonsense
Made numerous calls today. Some before the market opened, some after it closed, some during the day. Nobody home. Maybe they are all in Bolivia.
If any has any success, please post it.
The only question to management should be is how shareholder value will be restored. Nothing else matters to any of us.
I called three times today already.
I was told that the GTL project may be signed and done before Christmas and if not, it would probably be done by the first half of January.
Todays date is????
I am just waiting for the announcement that this project is dead...
Called five times todya and got no answer. We all don't always get through....
My main problem with you is that you are a dreaded redskins fan
Sounds like Tony. Don't be fooled
Again. In the last wall street press release, Billy spoke of revenues and specifically said it would not be cash flow.
Excellent and extremely well said.
Thank you...
The 444 billion was a week or so after the 1,021 billion issued...
No change in O/S since my last post, so I can't explain the millions. I don't know if more have been authorized.
Can anybody post the link to the Nevada (I think) company that lists the authorized shares??
I would greatly appreciate it. I had it book marked and my computer crashed and I lost all favorites....
Had some stock since 98
One other piece of note was that Billy expressly said revenues/not cash flow. For what that is worth.
I've met them. You haven't
SPS or somebody. Next time you contact the home office. See if you can get additional information on the GTL...
Thanks Rookie:
Keep the bid strong.
They have to be allowed on the market at some time???
What is your source of information.
More importantly, when can those supposed non-public shares hit the market, before the company has to buy them
I asked Steve what this was for and he was looking into it. He did not know, he only guessed.
Anyhow, at least we have both a bid and ask now...
O/S 15,887,134,229
One of the few times I agree with you Tony
The only problem with that theory is that if they want to acquire additional investments with stock (assuming they are real) than an increase in price would be good.
Did not. Call "Old Monmouth."
Called Old Monmouth today, no additional shares issued since my last count. Let's see what happens.
I guess you spoke with Steve.
My understanding is that it is profit after all expenses. Whether that includes some San Antonio expenses, I don't know, but I am pretty sure it is after the costs of mining and processing
I agree.
That is a must and would do wonders for this stock.
I will remember that question or maybe you can SPS for my next conversation with the office.
I did not ask. It's now your turn
Shares need to be bought back and put into treasury. The recent issue of 550,000,000 was probabaly to secure another project.
IMO
Just spoke with Steve. I wan't to summarize what we spoke about to promote this company, not to just kiss and tell. Although, some will still complain.
I expressed my frustration regarding share price. We spoke about this and he said, Franklin has absorbed "Taken it on the chin" the hard knocks of investors during the past year or so, just so it can position itself. I said great, but I told him so have the investors. I am personally down tens of thousands of dollars.
Escala: We spoke about this project. He reitterated how impressive the numbers are in the last P.R. and I had to agree. I restated my point as to how this will translate into value, i.e. increased shareprice. Like many of us, once the public sees a steady cash flow from this project we hope this will translate into shareholder value.
He also reiterrated that excess cash flow from Escala would be utilized for share re-purchase, nothing different than the prior P.R. stated.
GTL: I specifically asked if this project was dead. He indicated that it was not. The Argentine government is taking its time. He did say the province was very active in this project and cared a lot about it.
Other: I did not ask about Texas.
I think we may see slower news releases, hopefully with more substance. I have been here too long and upside down too much to bail out now.
A little news would be nice though. Nothing since the 13th...