FOREX - Pennystocks :Follow me on Twitter . @jotuk6771
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which of us really is smart enough to have made correct interpretations of data available, acted on same and achieved out off this POS stock a profit as opposed to racking up losses and clamoring to get others to join you...You will not take me up on that for it is a clear statement of how you apply your so-called genius...
Nice , Congrats ! Thought it's much more easy to trade it for a profit when you have access to informations which are not available to all Common Shareholders ...
As for Bills and Invoices...THEY Haven't BEEN PAID from day one!
ahhhh? Are you employed as accountant by the Company ?
Now all that's left to be seen is how fast you disappear from the scenes when this fact is proven and the shop wrapped up and closed
If it can please you ... lol
For the rest , i don't have enough energy tonight to comment ...
Bring me some DOCUMENTED FACTS about "Don Nicholson, Jimmy, and sad to say our own American Flag dressing swindler Bob Reynolds are CROOKS!"
and i will admit i was wrong and i will coursing them the rest of my life , promise , lol ...
It's a question for Don and James Vogan ( Stockpile Reserves) ... we don't know clearly what is the deal regarding the 50% , either if the operation succeed or fail ...
I don't see salaries , compensations or consulting fees related to the LLC's owned at 50% by Group8 , which is owned at now almost 100% by FLPC shareholders ...
Do you really believe that all that money was used properly
Unless you can find bogus bills in their books , only Don and a few others are knowing the answer ...
To me , until documented facts are presented here or by a Court , Don and Bob are still clean ... All the Spy Novels posted on this board are pretty much leading to .... NOTHING ....
JJ, in this specific scenario , there was 2 solutions :
Don and Jimmy are financing the whole operations alone with their private company (G8MI) and if they succeed , they divide $$$$$$$ by two .
If failed , they close the doors and are only responsible till the Legal Capital .
The second solution : Don and Jimmy are going PUBLIC , then they transfert their private assets ( Group8 , which own 50% in Stockpile Reserves , which owns the mineral rights at Fencemaker ) to FLPC . If you transfert your private assets to a public company , you are no longer own them privately , hence the 83M shares and $100K for compensation . ( note the 83M shares haven't ever been sold ...)
Now they can raise Public funds , trough Toxic Financing as without Hard asset in hand , this is the only way to raise working Capital for an OTC stock ...
The funds raised are transferred to Group8 which is managing to pay the at least 50% of the Stockpile Reserves cost to reopen the mine ( enhancements - Security - NDEP approval and hard mining operations)
If succeed . They divide $$$$$$ by 5700
If failed , assets are gone with 83M worthless shares ...
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JJ, G8MI is a private company managed by Jimmy and Bob ... The deal with shares and $100K to G8MI was a transfert of a private asset to a Public Company ( Group8 to FLPC ) . The $934'266 paid to Group8 (81% owned by FLPC Shareholders after the deal with G8MI ) is in fact destinated to Stockpile Reserves ( 50% held by Group8) for financing of the preparations to water issues , security enhancements in the mine for NDEP approval and mining operations ...
Unless you can get bills on the cost of all the process and prove some bogus bills or else , i don't see anything illegal there ....
G8MI is a private company managed by Jimmy and Bob ...
because Group8 is a privately held company which Don is the director of
Because Group8 was a privately held company
JJ , those are all very interesting questions ,but what are your sources and since when are you in possession of these informations on which you challenge Don to refute ? ...
Especially the points 4...
Sir, i have well enough experience to claim that a penny stock is NEVER dead... Things can change in a flash and of course i don't need a run to 8 cents to recover ... You keep arguing about things like Business Plan ,profits ,margin ,assets, directors background and so on ... Although you are fundamentally correct , do you think there is much Steve Jobs in the OTC Land ? As you are talking about altruism and other things that have no place in trading activity, instead of focusing on FLPC , there are hundreds of other tickers where shareholders need your help... Do you think they all have a Business Plan with a timetable on profits margin? Lol...
Penny stocks are a very good way to make good money with small money and the best way to transform Big Money into small money .... ;0)
Now , yelling scam and throw the discredit on people without any documented facts than a few articles on amateur websites is not what i call ""altruism"" too...
This ticket will run again , a day or another. Anyone waiting for my shares at those ridiculous levels will be tired before me ... ;0)
It's not my philosophy ... I'm not here to warn anybody . A simple little search on "Penny Stocks" , and you are warned everywhere about the risks involved in such Underground Markets ... Research on Directors are useless as i made a killing in the past on a company in which the CEO was a Real Convicted Felon ... Those who are "playing" here are for the most well aware of those risks ... Just to make you remember , this stock ran from .003 to 7 cents last year , and i was in the band wagon there ... So , my DD has been well sufficient to make an average 500% return ... My wrong has been to buy back in ... but i still have confidence to close this trade at least at break even or even with a profit ,0) ...
Some people are in desperate financial straights and "invest" in the hope of getting some cash back
Well , for those ones , you can warn them , it won't change anything ... They can have the same hopes on a Black Jack table
I trade Penny Stocks for the fun , i win some , i lose some , and i'm doing it since 14 years ago ...
I never blame anyone else than myself if at the end of a trade , the outcome is negative ... This is how a trader grows ...
I'm not the kind of guy losing my time and energy in class action lawsuits or coursing folks everywhere over Internet , or trying to save the whole World against playing a few grands in the OTC Market when i have no other interest than revenge ....
I'm from Switzerland and i speak french . Too bad this board is not in french as i cannot challenge you in the "Literate form" ... lol
I have no time to lose to make an intercontinental trip for a trade ... lol
Risk Management 101
If you want to make the WHOLE OTC MARKET trial , it's no the topic there ...
You know sir , unlike you , i have shares , so of course i'm concerned ...
As i told you many times , OTC stocks are not the NYSE ... A vast part of them haven't ever filled a single 10q ... So , be happy the company is giving such information you can use to elaborate your rants ...
The share price has nothing to do with the SEC Filings ... Now regarding the "strategy" , .... it changes almost every month , lol ...
To be exact , it's 3,5B additional shares the Management is requesting we vote on ... Here is my opinion, not talking about the latest statements about the merit of Lithium Claims which disappeared of the website and which we cannot afford ... :
Is this their New "Business Plan" ? ....
The main problem is : Given the current worthless value of the common shares , given almost 1B is reserved to cover the existing + new notes they certainly signed ( see the next 10Q ...)+ shares to previous LLC owners + shares to G8MI in exchange of $200K financing , there is only 2,5B shares left to sustain the operations presented below ...
As most of the Toxic Financiers are getting around 40% discount of PPS on common shares issued to cover the convertible notes, if the PPS remains AT THE GROUND FLOOR , HOW MUCH WORKING CAPITAL THE MANAGEMENT IS EXPECTING TO RAISE THERE ???
If the company is unable to obtain agreements with financiers at FIXED PRICES , we are going to raise less than $1M funding with additional 2,5B dilution and maybe even less than $500K in the worst case scenario!
A R/S now , may even be a better option in our disastrous situation !
If not , we just have to pray for the PPS to recover and the company being able to get enough working capital in order to maybe , one day , deliver some TANGIBLE RESULTS (!) for his shareholders .....
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Prospective Antimony Properties
In June 2014, First Liberty secured a 50% interest in five additional prospective antimony properties (direct ownership of unpatented claims) in Pershing County, Nevada.
Available information on the history, prospects and potential of each property will be added to the Company website as it is consolidated and validated. While resources are not immediately available to fully develop each of these new properties, they are a core component of the Company’s mid to long term strategy to secure now key antimony properties in the Nevada region. First Liberty has demonstrated to the investor community that management, and its partners, can take an old historical mine, remediate it, and bring it into initial operation with very limited funds. The Company intends to replicate this smaller scale but highly efficient model on these and other properties, and separately to fulfill the vision of opening a milling operation that will process ore into to a higher and much more valuable product.
- See more at: http://www.firstlibertypower.com/prospective-antimony-properties/#sthash.TZmpMXXU.dpuf
SEC Fillings are by definition reviewed by the SEC . I doubt the SEC has this kind of disclaimer ... ?
I've read the SEC Filings since the Quibus IPO and if you have done half about it so , you would not post this kind of bogus question:
Me: If any other agreement than the original one , the notes due December 4-5 are going to cost us around 200M (!) shares for only $150K (!) additional Working Capital ! ...
You : Wonder where the additional $150k of "working capital" will end up??
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Let me help you : Fencemaker Agreement -
On August 22, 2012, the Company entered into an agreement with Group8 Minerals, a Nevada Corporation ("Group8”), and Group8 Mining Innovations, a Nevada Corporation (“G8MI”), the sole Shareholder of Group8, whereby the Company acquired 81% of the total issued and outstanding shares of Group8.
Group8 holds a 50% interest in Central Nevada Processing Co. LLC (CNPC) and a 50% interest in Stockpile Reserves LLC (SRL).
As a result of the acquisition, the Company has an effective 40.5% interest in each of CNPC and SRL.
SRL is an Antimony mining company having a mineral property known as the Fencemaker mine, located in the Stillwater Range of west central Nevada, approximately 194 kilometers northeast of the city of Reno, Nevada.
Under the Fencemaker Agreement, the Company is required to issue to G8MI a total of 83,000,000 shares of its Common Stock, which stock has been issued; deliver to G8MI cash payments of $100,000, which payments have been completed, and; the Company is required to undertake certain payments to G8 Minerals aggregating a total of $2,000,000 for associated property payments and exploration costs. As of April 30, 2014, the Company has paid $934,266 to G8 Minerals.
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In accordance with ASC 805, “Business Combinations”, and in particular ASC 805-50-25,
the acquisition of Group8 is accounted for as an asset purchase without goodwill as Group8 did not meet the definition of a business per ASC 805 at the time of the acquisition.
Additionally the CEO of First Liberty and controlling director of the Company is also a 50% director of G8MI as such the transaction was deemed a transaction under common control.
As the Company and Group8 are considered as common controlled entities, the acquisition is a common control transaction; therefore, the financial statements require retrospective combination of the entities for all periods presented as if the combination had been in effect since inception of common control.
The 83,000,000 shares of the Company’s common stock issued to G8MI for 81% of Group8 will be recorded as founder’s shares to G8MI at Group8’s inception date, January 26, 2013.
On May 22, 2012 and May 31, 2012, Group8 obtained 50% control of Stockpile Reserves, LLC (“SRL”) and Central Nevada Processing Co. LLC (“CNPC”), respectively.
SRL has a net liability of $37,681 with non-controlling interest of $53,629 at May 22, 2012. The total net liability assumed by Group8 was $91,310, which will be combined with the Company’s financial statements as of July 31, 2012. There was no operation in CNPC as of July 31, 2012.
As of July 31, 2013, the Company paid off the $100,000 cash payment to G8MI which was applied against the $100,000 obligation under the agreement to acquire Group8.
The 83,000,000 shares of the Company issued to G8MI are valued at $0 as Group8 founder’s shares as of July 31, 2012, and $(100,000) on August 22, 2012 as the Company has the liability to pay G8MI for the acquisition of Group8 when the Company entered into the share exchange agreement with G8MI and Group8.
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Everything is Black on White . It has been reviewed by the SEC since months ...
Nice ! Keep us updated !
Once I have the necessary information and deemed necessary I will file an investor complaint with the SEC.
So you don't have nothing as of today , but you "plan" to have something later in order to fill a complain to the SEC ?... lol
Could you please clearly explain what is the deal there .... ?
You can support Don and Bob and hand deliver them an A/S increase to 5 Billion shares or,,, you may have the choice of supporting Jimmy former COO
(...)
You may have a chance by supporting Jimmy in this Proxy and throw Don out.
What are the criminal penalties for insider trading?
It is the Justice Department and local United States attorneys' offices, not the SEC, that have the authority to bring criminal prosecutions. Under Section 32(a) of the Securities Exchange Act of 1934, as amended by the Sarbanes-Oxley Act of 2002, individuals face up to 20 years in prison for criminal securities fraud and/or a fine of up to $5 million for each "willful" violation of the act and the regulations under it. Only fines, not imprisonment, apply if the defendant can demonstrate "no knowledge" of the rule or regulation that is violated. Corporations face penalties of up to $25 million.
In addition, violators are usually charged with mail and wire fraud (which can lead to a sentence of up to 20 years in prison), more general "securities fraud" (up to 25 years in prison), and possibly even racketeering, tax evasion, and/or obstruction of justice. You can also expect civil penalties to result from the SEC's enforcement action.
Prison terms for insider-trading convictions have lengthened in recent years. According to The Wall Street Journal, from 2009 to 2011 the median jail sentence was 30 months, up from a median term of 18 months during the 2000s. From 1993 through 1999, the median length of prison terms was only just under a year.
I'm sure there's only ONE D.N....the same one that's now on FLPC!?
WRONG ! ...Try again ...
Examples of insider trading cases that have been brought by the SEC are cases against:
Corporate officers, directors, and employees who traded the corporation's securities after learning of significant, confidential corporate developments;
Friends, business associates, family members, and other "tippees" of such officers, directors, and employees, who traded the securities after receiving such information;
Employees of law, banking, brokerage and printing firms who were given such information to provide services to the corporation whose securities they traded;
Government employees who learned of such information because of their employment by the government; and
Other persons who misappropriated, and took advantage of, confidential information from their employers.
Because insider trading undermines investor confidence in the fairness and integrity of the securities markets, the SEC has treated the detection and prosecution of insider trading violations as one of its enforcement priorities.
DEFINITION of 'Insider Trading'
The buying or selling of a security by someone who has access to material, nonpublic information about the security.
Insider trading can be illegal or legal depending on when the insider makes the trade: it is illegal when the material information is still nonpublic--trading while having special knowledge is unfair to other investors who don't have access to such knowledge. Illegal insider trading therefore includes tipping others when you have any sort of nonpublic information. Directors are not the only ones who have the potential to be convicted of insider trading. People such as brokers and even family members can be guilty.
Insider trading is legal once the material information has been made public, at which time the insider has no direct advantage over other investors. The SEC, however, still requires all insiders to report all their transactions. So, as insiders have an insight into the workings of their company, it may be wise for an investor to look at these reports to see how insiders are legally trading their stock.
Christmas is just around the corner and Don and Bob are making their list (of shareholders) and checking it twice, they wanna see who's gullible enough they shake down twice. And with that in mind Bob gave a mighty shout for all to hear... exclaiming loud and clear..."Hey Don...stop looking...Jotuk is over here!
Yep , that would be interesting to see the movements registered in the Shareholders of Record and Shares Held in Street List this year ...
"As I stated before I hold a little over 3 Million shares, started buying when it dipped to the .0128 back in October 2013"
From your Lips ... March 29 , 2014
I lost a lot of money here folks and I'd rather burn this thing to the ground than let these a-holes steal anyone else's money.
Classic and trendy ... lol
Ahhh ? But this is how it must be done , as per SEC Rules .... when you trade shares of a Public Company ...
Sticking to public released material with slippery guys like this isn't the way forward I'm afraid
LOL , really ? That's a good one ....So you bought in summer 2013 and sold out November 2013 ?
We are in December 2014 and we know you here on this board since February 2014 ...
And where do you see Mr.Nicholson , FLPC CEO , previously involved with Mr.Voaden in Pan Pacific Aggregates as it has been touted here ? ....
Termination of a Material Definitive Agreement
On August 20, 2014, First Liberty Power Corp. (“First Liberty”), entered into two Mining Lease Agreements with Krugerrand LLC (“Owner”), in respect of the FLPC – Rose Creek Gold Phase 1 & 2 properties (the “Agreements”), as filed with the Securities and Exchange Commission on Form 8-K on August 26, 2014.
In a letter dated November 19, 2014, which was accepted for delivery at the address of notice on or about November 22nd, First Liberty was provided with a 15 day notice of default on the Agreements. Upon further review of the underlying projects, First Liberty elected not to seek remediation of the default condition, therefore the Agreements terminated on or about December 6th, 2014.
There are no penalties or other costs associated with the termination of these Agreements.
http://irdirect.net/filings/viewer/index/1415305/000159406214000383/
INFORMATION TO SHAREHOLDERS PER SEC FILING RELEASED TODAY , December 12 ....
If you know so much then how come you didn't know Rose Creek properties went into default....MONTHS AGO!
Maybe because i just stick to official public released information , as the vast majority of the 5700 other FLPC's Shareholders ? ...
How did you managed your shares since ... MONTHS AGO ??? ....
FLPC - DOWN 42% ON 56M shares this week - 0.0007
Maybe because i'm not an insider ? ...
Ahhh ? Really ? That's a NEWS ... So when did you sold out ? ...
appropriate authorities are already barreling down on this company
With all the great Detective Stuff which is flooding there since a few days , that would be interesting to know how those " in the know " of what are still till further notice just suggested "facts",... have managed their shares ...
Ahhh? From your Lips ?... Any document to share or care to name your source ?...
Mario Beckless had to get done. he was on the verge of losing his accounting accreditation. When he found out what Bob and Don did with the money,,, Shares,,, and assets,,, he excused himself immediately to save his own credentials and not to mention being indicted by the SEC.
Management failure to deliver is a fact which can be documented. But failure is not illegal as i know ?...
Where are your documented facts regarding anything illegal which could be worth reporting to the SEC?
And what will be the intitulate of this complain ? ... Dear SEC , i lost my shirt investing in a penny stock because of an inept and dishonnest Management ( even though i don't have a single documented fact about something illegal there ... ) , please do something for i can recover my trading loss . Thank you in advance ...
LOL
Then , fill a complain , help us all there ! ... ;0) What are your documented facts as of today ?