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At least we are reducing the costs of operations , lol ... As there is no operations left at all currently ....
Ibox updated accordingly .... Not much left since the beginning of the week , lol ...
AND NO MORE LITHIUM CLAIMS TOO ! ...
What's next ? ....
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 .....
------------------------
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
December 11, 2014 To Our Stockholders:
Notice is hereby given that First Liberty Power Corp. will hold a special meeting of stockholders on January __, 2015 at 2:00 pm (local time) at Suite 300, 7251 West Lake Mead Blvd, Las Vegas, NV 89128 (the "Meeting"). The Meeting is being held for the following purposes:
1.
To amend the Articles of Incorporation of the Company to increase the Company’s number of authorized shares of common stock from 1,500,000,000 to 5,000,000,000 (the “Common Stock Increase”);
Our board has fixed the close of business on November 28, 2014 as the record date (“Record Date”) for determining the stockholders entitled to notice of, and to vote at, the Meeting or any adjournment or postponement of the Meeting. At the Meeting, each holder of record of shares of common stock, $0.001 par value per share, will be entitled to one vote per share of common stock held on each matter properly brought before the Meeting, and each holder of record of shares of Class A preferred stock of the Company will be entitled to eighty (80) votes on each matter properly brought before the Meeting.
By Order of the Board of Directors,
/s/ Robert B. Reynolds Jr.
Robert B. Reynolds Jr.
Chairman of the Board of Directors
IMPORTANT: Please complete, date, sign and promptly return the enclosed proxy card in the prepaid envelope (if mailing within the United States) to ensure that your shares will be represented. Additional options are presented for the return of the proxy form. If you attend the meeting, you may choose to vote in person even if you have previously sent in your proxy card.
Important Notice Regarding the Availability of Proxy Materials for the Stockholders Meeting to Be Held on January __, 2015: the proxy statement will be available at http://www.firstlibertypower.com/14a-proxy-materials-information/
Absolutely , nothing else ...
14a-proxy-materials-information
***Important Notice – Location of Definitive Proxy Materials upon availability
In near future, the company will provide additional information regarding the availability of Proxy Materials for the Stockholders Meeting that is being scheduled in January.
- See more at: http://www.firstlibertypower.com/14a-proxy-materials-information/#sthash.jexLLE1k.dpuf
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
ROSE CREEK IS NO LONGER LISTED IN THE PROJECTS SECTION ON THE FLPC's WEBSITE !
What's next ? ...
Yeah , they moved 700MT of raw material with their hands , lol ...
Don't you think it may have happened some extra costs at the beginning of the mining process as in any new ventures ? ...
From which source this 25K per week number is coming from ?
If it isn't deemed a rude question....just what is Voaden on the BOD for???
I thought you were an informed guy ? ...
Mr.Voaden is working as a consultant on the Board of Directors . He has no Executive power as he's not a member of the Management . As of today , no compensation to Mr.Voaden has ever been recorded , although the upcoming 10K ( if it finally get filled ... ) will most likely showing stock awards compensation for the 2013 -2014 time frame .
Flash Info : No , they don't ... welcome in OTC Land !
I never knew that? So penny stocks don't have to be seen to have anything of actual value for the SP to suddenly rocket upwards?
Thanks JJ . You are most likely right about it . Cheers! ,0)
LMAO, isn't that you who is the proud author of this BOGUS "INFO" ?
Both Don N AND Voaden worked on the same company PPA
Penny stocks are not the same kind of beasts than AMEX -NYSE stocks ...
It seems to me you are very unexperienced on the matter ...
You have your opinion , i have mine ... Opinions are like navels ...
Total Bogus Info : Both Don N AND Voaden worked on the same company PPA,
Try again ... Share your links ... I have mine ...
Your first line regarding the invisible 10k filing is unnecessarily patronising surely?
Just pointing out that of course , it will not show any miraculous surplus , as we all would know it already since long time ...
The 10k filing isn't going to show that a miraculous cash surplus has arrived out of the blue,
The cost of operations versus revenues are unknown to the last dollar or two but it doesn't require an Einstein to realise that the difference won't be sufficient to make any difference to the massively diluted share price.
It's not the NYSE there ....
Current "Cap" , $800K ... dilution or not , this stock is currently worthless ... Any kind of small-scale mining - processing - sales will make it bounce like a Funny Devil out of his box , profitable or not ... Similar operations US company realized $15M gross revenues in 2013 and no profits . It's a $120M Micro Cap ...
Fencemaker alone , fully exploited at 36500MT per year will deliver $12-14M gross revenues ...
The upcoming 10K will only cover the July 2013 - July 2014 time frame , if you did not figured it out ...
The cost of operations versus revenues are at the moment unknown . So , you may be right or you may be wrong . It's all speculation . It's all a question of the volume which can be mined / processed or not on a weekly basis , imo .
50MT per day are not going to be sufficient , i agree , but with a permit 36500MT per year ...
The financing remains the main problem here in order to use the full potential of their permit ...
Cheaper option is not necessarily a good one if moving tons of rocks don't leave you any margin ...
$3000 "traded" at the moment ... lol
But, from the filings, we know that it has cost them $186k to mine it.
I should have missed it , could you please quote this and provide the links to the appropriate filing ? Thanks
FLPC - $800K Market Valuation at the moment ... Almost less than the price of a SHELL with plenty of Deferred Tax Assets ... lol
LOL , so like all the other Apprentices Detectives there , you have ... NOTHING ...
Thanks for the entertainment though ...
Ahhh ... ;0) Thanks . So if you can prove it , fill a complain to the SEC , if not , this is just another Spy Novel there ...
OR someone puts credible documentation in the proper legal channels that shuts this show down!
"Credible Documentation" , yes ,... that's the main problem of those who are relentlessly attempting to discredit the Management on a daily basis ...
Let me be VERY CLEAR
Well , Thanks , but i still don't understand anything about what you are talking about ... lol
Do your DD CORRECTLY before spreading the misinformation some others dispatched here and there , Don Nicholson , FLPC'S CEO , has never been involved with Voaden in PPA ...
And :
Where's all the Gold, when was it processed, when was it sold and for how much
Nobody's said they ever processed any Gold ...
Mainesbest has no PM features . I will send you an email adress, even though there is no guarantee it's still valid .
As the vast majority of the 5700 FLPC Shareholders ... ;0)
You obviously don't know Sh*t about how financing works ... lol
Wonder where the additional $150k of "working capital" will end up??
Those 150K are spent already since long time ... Due dates of the Notes were December 4-5 ...
That is what you get from massively diluting isn't it!!!
If any sort of alternative financing was available for OTC Stocks without enough tangible assets , the companies would avoid such financing agreements ... Unfortunately , they roughly have no other choice ...
What you are calling " all this dilution " is the heritage of this shameful PPS ... The dilution is enormous but the funds raised are in comparison ridiculous... 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 ! ...
Notwithstanding the fact it is very difficult to operate a company without funds.
Absolutely ... ;0)
Are you making about your case a generality ? ...
It's all part of the Game and everyone has his own story there ...
Is it a reply to Pitman or are you talking to me ? ;0)
Whatever will happen there , i'm not the kind of guy coursing folks everywhere on Internet because i made a wrong decision pressing on the Buy button , following the long list of OTC stocks i already owned ...
Still in the Game though ... ,0)
Never said it , but it's priced as one , yes ... ;0)
;0) I know what i own ... At the current price , i own shares on ... a SHELL with plenty of Deferred Tax Assets ... lol
I agree ... and , certainly ...
LOL ;0) Who knows ? ... The OTC land is full of surprises ...
You think ...., but nothing about it has ever been notified anywhere in the SEC filings .
If "you think" your allegations are real , then you should report them to the SEC ...