Successful Businessman unlike FLPC
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There is AMPLE Proof in the PINK sheets of mismanagement and operating a company that is misleading the Shareholders with innuendo about Mining that comes of nothing, always has done.
VERY UNFAIR business run by CROOKS.
WRONG!!
"Yet there is not a shred of evidence or proof of any missing funds"
Yes, there is, as admitted IN WRITING by PINK sheets. The FACT they wrote about it and it wasn't divulged by FLPC except by a Third Party is proof enough to any reader that the cash has vanished. IF IT HASN'T, SHOW EVERYONE PROOF or EVIDENCE WHERE IT WENT AND WHY THEY WOULDN'T TELL SHAREHOLDERS ABOUT IT? IT was FUNDING, that means for FLPC, so WHY wasn't it disclosed. Shocking trick to 'hide it'?
(You won't be able to. Further PROOF, they are Bad Eggs running the show!!!)
It would be in the interests of ALL remaining shareholder for the BoD to make comments on all happenings within the company, good, bad or indifferent, that is likely to affect the business and the subsequent share price. If per chance something untoward happens which they keep hushed up (like the $2.6M they wouldn't talk about, and it was in the interest of the Shareholders who find out that it has adversely affected the business, it is then PROOF that the BoD are operating a dodgy Biz. (But we all know that already! LOL)
If you mean Fencemaker, they already have a Licence. If you recall, they put the Mine on hold 'to conserve costs'. There has also been one or two 'discrepancies' about the Contract to allow FLPC to Mine it. No, I cannot put the reason why on here as it's rather sensitive. so ask Bob Reynolds about details of that contract.....and he won't tell you.
I'm not putting anymore on a Public Domain, but I know much more.
Enough said.
There is no point at all, and if you have noticed, ALL the drops happen to be 95% after large buys lately, so it could be already a pre-set 'Stop'. All it is, is somebody trying to spark life into it periodically, so it's hardly balancing the figures. It's a nerd playing tricks?
It was definitely not me. I have business to run and wouldn't waste my time. It is now close of business at 6.30pm UK time, but I'm still working...I have to, to pay my Bills. I don't mess with ANY share prices...EVER, it's not worth it. In fact, I don't even buy any shares anymore, it's a mugs game, so I will never buy any more Penny shares, it's cost me too much since 2003.
So, No... not guilty!
CE
In a word 'Jiggery Pokery' , so who can be bothered attempting a 'Short' on this share. What's the point? There was a huge rise on 255K buying earlier, but a foregone conclusion that it would drop straight back within hours. How many shareholders that are left would mess with it. Ah, but wait... what are the BoD up to this time, which one of them plucked a figure out of thin air bought a little stock to generate a vast percentage increase, only to trade it to a loss. The activity on this shares comes and goes in waves...nothing for ages then all of a sudden, it goes way up just to fall back on a few sells over a couple of days. I think the BoD are pretending to make it look like a worthwhile trade, when in fact it is ruse. Mork & Mindy?
Even the Market Makers wouldn't waste their time on this tiddler, there's not enough interest overall to establish a spate of buying against no news!! It is unlikely they are 'legitimate' trades because the whole exercise is pointless, so for my money, it's to do with the BoD, Can't prove it, but who else would waste their time playing silly beggars with the SP. It's pointless and proves nothing except that some twit has nothing better to do than play the Fake Trader!! lol
Your choice, fair enough but you know the risk. Maybe trade on the Highs/Lows. It's the only way?
If they'd produced and sold some Antimony and the price was keen, even I would buy in if I could see a tangible plan. The price would of course be higher, but if it showed so much potential as to be seen to be working, I wouldn't even be on this Forum!!
As it stands, this share is for those who have money to burn, because you have no idea what the true level of debt is, neither the real predicament of FLPC, and the BoD won't be telling you anytime soon. They could vanish at any moment with no word from anyone. It's what happened to PPA, there one day gone the next and the Directors INCLUDING VOADEN, yes Waxy, your mate, STOLE all the shareholder's cash....every cent of it, AND it was written on the Forum they were a bunch of Thieves, and they got away with it.
People lost many tens of thousands of pounds due to their lies and deceit. I only lost $800, not nice, but lesson learned not to trust or rely on Forums that claim Multi-Bags.
Your money, your choice.
(God Bless Peter Tork of the Monkies who sadly passed away a day or two ago. I was fortunate enough to meet and chat with Davy Jones back in 1987, also no longer with us. The band gave me a lot of pleasure back in the day).
"No prospective buyer with any investment savvy EVER listens to anonymous message board posters, especially those who have never invested a dime but profess to be the sole expert on one and only one penny stock"
No prospective buyer with ANY savvy would actually buy FLPC shares!!! I have lots of savvy about FLPC, and so I didn't spend a Dime on this Crock. FULL STOP. I also have excellent knowledge about the workings of FLPC.
Now, who a long time ago, MADE FLPC PAY Jerry Whyte for the use of his land that FLPC failed to pay for over MONTHS and MONTHS. I know one or two people and few words in the right direction ensured the Whytes were paid. Until now, you hadn't a clue, but I know a whole LOT more than you give me credit for. You will never know the full story. As I said ages ago, I have a couple of contacts in that region that you don't and won't know anything about. FACT
People who claim to keep buying FLPC shares as a worthwhile investment, claiming that FLPC will come good, is MISREPRESENTING this share by writing that soon FLPC will be $$$$$. WRONG!
Prospective buyers looking for share will NEVER EVER Buy a share in a company that has NO MONEY, Zero Potential due to having no cash, NO SALES EVER, and over $2M in TOXIC DEBT. FACT
Researched properly, NOBODY will buy FLPC shares as even the reviews warn people to give FLPC a wide berth....FACT....Don't blame them either!
"I'm sorry CE, FLPC is not reacting based on your comments".
FLPC won't react on my comments, but any prospective buyers will, and the downward trend means the markets have reacted many times which is clear if you look at the graph. I am confident that anyone reading all the posts on the Forum who may be considering buying these shares, will ALWAYS read the Share Forums views, then they will check to see how accurate said views are?
It is very clear that what I have written is fact and to get a view about how a company is, the opinions of the stock assessments as noted on my previous posts, back up what I say and copied from 'Hotstocks', etc. It's there for all to see in B&W.
Sadly, the BoD are not even remotely convincing anymore about the company which should be indicator enough if people care to read into what they write. Lots of words loaded with ambiguities!
Cheers.
With only a handful of shareholders left, it is now VERY clear that they have all been disgusted with the way that FLPC has conducted the Business and shafted all it's shareholders including Sylvia.
Here is the OPINION and REASON with PROOF that 'Hotstocks' PINK Sheet are accurate with their opinion.
"While the press releases for FLPC claim the company has long-term goals, its CEO is something of a red flag. Mr. Donald Nicholson was at the head of Terra Nostra Resources Corp. (TNRO), a now-defunct mining company. There are other worrying details about the company, such as 18 million shares owned by Magna Group, LLC, and 16 million shares to the name of John M. Fife, a hedge fund manager charged with fraud. A total of 75% of the company’s shares are held by insiders or 5% owners, and with a daily volume of 60 million shares, it is possible that any one of those shareholders could gain a huge profit from the holdings and depress the price. The logic of a paid pump becomes even more obvious in this case, so beware before believing FLPC for its long-term promises, and think twice before taking it up even for a short period where a correction could wipe out most of your investment.
A VERY VALID OPINION WARNING PEOPLE AWAY FROM FLPC....AND IT'S WORKED!!! LOLOL!!! If you don't believe it, you shouldn't buy Penny Stock.
$350,000 QUARTER LOSS, now THAT is Madness and something is very wrong. These guys are laughing at the shareholder.
Try to get your head around this one. I do my own accounts for ny business every year, but I am trying to work out HOW on Earth FLPC's earlier accounts arrived at the Figs below. Even if the BoD bought Millions of shares, however many were available at the time, then put it down as a 'company loss', this may account for some of it, or even took out a loan under Stockpile Reserves (The Sister company), and somehow shifted the liability back to FLPC in a 'loss format', it seems very weird?
cash: $28 thousand
current assets: $155 thousand
current liabilities: $1.3 million
no revenue since inception
quarterly net loss: $391 thousand
$391 THOUSAND, that's DOUBLE their current assets and cash in hand combined for that quarter. So, RJB, if we go way back to when they had the noted $2.6M Funding that vanished, has FLPC or at least ONE Director go an affiliated Business that nobody knows about, whereby the $2.6M Funding went in to as a separate interest that is somehow linked to FLPC. For ONE Business Quarter, how can a tiddly little tin-pot Mining company rack up a loss of this Magnitude?
I think this is something the Shareholders need to clarify with the BoD as it just doesn't add up. How this stands with a previous quarter, I don't know, but whatever it is, this makes no sense at all. Whilst it's little old, it's still very relevant. Nothing's been purchased for $183,000, the sum total of assets and cash as Security, so if it's a HUGE business expense, what have they done?
Crazy!!
"This could very well be the year FLPC comes out of hibernation as the need for domestic antimony production is very strong".
....but FLPC have no cash to Mine. According to PINK, they 'secured Millions' allegedly to Mine, but even that never materialised. If it did, where's it gone. Although they 'secured' it, doesn't mean to say they actually got it., but they DID get $2.6M....GONE, maybe it vanished in the Bermuda Triangle whilst on a trip to 'there and back again' to see how far it was?
You didn't read all the PINK sheet report/reviews, you haven't read nevada4News, nor Mainesbest earlier posts. There are MANY people around if you care to look who are disillusioned and angry about the way FLPC has treated them. Jerry Whyte and his wife is another. The PINK were right in their forecasts that FLPC would be very dodgy, and they are.
Disgruntled creditors had to accept shares in Lieu, and I do believe the owners of Fencemaker are far from happy, let alone Pitmann33 in Canada who is REALLY Fed Up to the back teeth with them and their lackadaisical approach to submit Filings on time to the Toronto Securities. The list is 'endless' All TRUE!!!
Fair comment as they could have shut down almost three years ago and filed for insolvency back then. I posted a note on the Forum to that effect which was from an e-mail directly from Bob, but they chose to try to give it their best shot.
I think they've shot themselves in the foot as they've failed so many times to carry out their proposals, that the majority of people have lost faith in the company, hence the limited amount of Shareholders remaining.
I can understand a few mistakes, everyone makes them, but its the continuation of 'saying' but never 'doing' or delivering to the remaining staunch followers, so it's hardly surprising they have been lambasted by so many, but only the BoD are to blame, and clearly not the Shareholders for constant baderging to try to get results?
More old RELIABLE news just for you and who ever cares to read it.
Paragraph 3 brings home just how 'iffy' FLPC REALLY is.
http://www.hotstocked.com/article/48012/first-liberty-power-corp-pink-flpc-are-very.html
Afraid Mr Waxman, this IS 100% PROOF that the Pump existed with huge volumes at the time, only to fall back. In fact however old this is, it IS true to say that it does NOT reflect how the company is today. It is now MANY time worse than it was back than!! It's PROOF & EVIDENCE of Jiggery Pokery of playing about with the share price BASED ON NOTHING.
READ THE TEXT...IT COULDN'T BE CLEARER!! It was even titled the 'FLPC PUMP' on the graph, AND it came from a reliable source. You wanted facts, well, there they are staring you in the face, also read the last paragraph of which the writer had the foresight to know this was a bad egg?
The pump was not backed up by any preceding news, NOR anything following. So, it was a FAKE rise, unsubstantiated by facts. Undeniably, this is how FLPC has been running since inception...all words and NEVER ANY ACTION to support what they call a 'Mining company'. In fact, I would go as far saying the company was UNDERmining its Shareholders with falsehoods, especially as they won't discuss the $2.6M Funding that appeared, then disappeared without trace. FACT!!
It's all there in Black & White (and red) and you cannot dispute these facts without PROOF & EVIDENCE that the PINK legitimate graph was wrong, so there's no point in trying to debunk it!
I admire your integrity toward FLPC as 'unphased'. However, you stated, "The BoD are working on SEC requirements and other related issues including funding and the steps required for processing the stored Antimony ore".
They've been singing the same old song for years now and they just keep repeating it. Suffice to say, that my accurate guess is that the BoD are just sitting around doing very little and just appeasing the Shareholder's by saying they are 'Working on SEC requirements'. This has been the story for 4 years with the Filings, now look. Well, all I can say is good luck and perhaps something will happen that will make it work?
In case its not everyone that's been deluded, here are a few extra FACTS as Proof and Evidence that FLPC is stringing everyone along. Put it all together and you are getting close to what FLPC hasn't achieved...or have they?
http://www.hotstocked.com/article/50532/first-liberty-power-corp-pink-flpc-get-pumped.html
Just a reminder about something from 'PINK'
It sums up the investing potential in the last Paragraph.
http://articles.thehotpennystocks.com/articles/first-liberty-power-corp-pinkflpc-pauses-for-correction/
Can't say you weren't warned AGES ago! Still want to 'Keep buying more' anyone?
It's life 'Jim' but not as we know it!
FLPC probably offered them millions worthless shares to drop the case. Yet another case where FLPC has waffeld their way out a of a debt. They already gave shares in lieu of debt to someone a while ago to get themselves 'off the hook', so they give shares as they have no cash. Wonder what they did with the 60K...claim they were 'running the show from their own pockets'!!
They are in it so deep, they will probably be closed down AND no doubt, another reason for the non-appearance of the Filings. Is it possible the Filings are done but FLPC has failed to pay up...even with 60K which would have been far more than necessary to pay Heaton's.
Makes you wonder what these rogues are up to?
According to the BoD recently, there will be more news in due course about the BoD's consideration to reopen Fencemaker and process the existing Ore which has now increased in value. It has been suggested that discussions are due to commence in Q2 about possible funding once the Filings have been released, which, as you are aware, were due last April. They did say they are almost complete but progress will be started after they have paid Heaton's for their work on their complex accounts which was also mentioned a while ago. Accounts will be costly, and as previously claimed, it is likely the costs will be borne directly by the Director's as they have been funding the company for the last three years. Once completed, further discussions will take place with their Funding Partners shortly.
This post is rather similar to one posted about a year ago and of course, came of nothing. FACT.
Who know's, this happens now and again. Maybe the BoD are the one's playing games to maintain interest. After all, they did say they were "supporting the day to day running of the business from their own pockets". That could mean anything at all, including buying and selling a few shares in an attempt to generate buying. Considering there are but a handful of shareholder's left, there's no reason why they shouldn't play around. It's not illegal?
I think at some point, there will be a surge in buying. Whether or not it will be engineered, nobody will be able to prove otherwise, that's even if it's worth going down that route. You cannot tell what will happen next, so if there's no news and huge buys all of a sudden, could mean an imminent news release or simply someone messing about. As it is unlikely there is anything in the Pipeline that is known by ANY Shareholder, any build up in the SP is more likely to be fake than fact. The BoD would be only too keen to release a few snippets of news overtime ready for the big one...IF they word it right...but I think that's Pie in the Sky?
SYLVIA: It's you who I'm laughing at because you believe that FLPC is going to make you money. Your post is daft but insular at the same time. It's me who is laughing very loudly at you simply because you do not understand that FLPC has ripped you off BIG TIME!!!!!!!!!!!!!! The jokes on you!
I cannot wait to see the yarn they come up with next to see how many people left actually think they are telling you the truth. Tut, tut, you'll never learn. pmsl. This BoD is playing with share holder's money and have been all along!! Doh! lolol
Saliva: I don't let anything much bother me, in fact this Forum is enjoyable to the point it's entertainment to seeing what crops up next. Perhaps even the BoD will do something creative that actually works rather than keep saying what they will do but never actually doing it!
Can hardly wait for the next exciting Instalment!
That post and Geology 'lesson' was from way back in 2013! Back in those days, FLPC had just enough money to progress and act upon this information. However, unless they processed it...such as all that Ore Mined by Stockpile and 'inherited' by FLPC, nothing has happened since then because the BoD 'used' ALL the shareholder's money, not to invest, but for reasons otherwise and clearly not in the interest of the Shareholders, hence the plummeting share price. This lead to the $3M debt they have now.
It's all very well to tell everyone about the time span the minerals were there and what else could be in the Mine, but it will remain there all the while FLPC is in charge of Fencemaker. Over the six years since the post was place here, not even Voaden could drum up enough support to interest a JV...I wonder why?
FLPC is nigh-on broke, so if anyone WAS brave enough to take the Mine on, they would have done it by now. but they didn't and FLPC won't turn a spade in the ground unless someone else is prepared to do their own testing to establish it's viability and also, take into account the first and only load Mined about that time. So far, it remains closed with no interest.
*********
Yesterday was the 60th Anniversary of the Air Crash that took the lives of Buddy Holley, (Correct spelling) Richie Vallens and the Big Bopper. My thoughts go out to the families of all concerned. As a big Holly (album Spelling) fan for many decades, he was a unique performer who influenced the world of Rock & Roll. I personally don't remember the announcement when it happened, but for those who want to read about it, you can find it online.
WARNING: If you do, there is graphic content and description, so I would advise discretion to those who want to read it. I chose not to go much further than a few images. Seen worse from WW1/11 but it's who it is.
Hey Silvia, if you are aware that all Pinkies are a scam, this one takes the biscuit. You are one of many little Pinkies who have been drawn to FLPC !!!
I always have a nice day. I'm waiting to see the fate of this company and see what excuse they have to wind it down. I would be only too happy to see you guys make decent money, but the BOD are very shrewd. If they close FLPC down with some feeble excuse, then I don't doubt any remaining share holder's will want to have a face-to-face with the BoD or seek an explanation as to why they have 'lost' probably upward of $3M. we'd all like to know...see if they can justify their actions and try to wriggle out of the fact they'd had this in mind from the outset? Have a good day!!
Young Silvia, you have been deluded the BoD's well worked scam and it has claimed many victims except the BoD themselves, who in due time will fall foul of their actions and has squandered and wasted all the Shareholder's money. Why do you suppose they claim to be funding the company from 'their own pockets'. It's yours and everyone else's pockets this alleged funding is coming from, but quite honestly, it's simply another ploy to make whoever is left believe that THEY believe you will all be taken in by this...and you have!
The BoD hasn't gone short, but it's the Investor that has been taken for a Mug, Hook, Line and Sinker!! FACT.
I don't really care a jot, Silvia. If you were daft enough to buy into FLPC when they were doomed to fail, it's not my fault. You needed to do more research. The declining figures and posts have been around long enough for most people with enough sense to see what was going on and by pass this old dog!
Why do you think the amount of Shareholder's left here are equal to the amount of Candy in a small bag of Tuck?!
Obviously the seller has decided it's waste of time holding for fear of losing even more money. LTH's are on a hiding to nothing. You can't say that enough people on this Forum hadn't warned them a LONG time ago. lol
It's worked. Only a few shareholders left now as they have finally decided that FLPC is an alleged scam. Clearly, this company has wrecked it for themselves by being dilatory and not being straight with shareholders. Now everyone is wise to them.
This is the FIFTH year with no Filings. They keep saying how they are 'Moving Forward' but I think they mean by putting one foot in front of the other. With a company this small, they HAD Investment in the early days, now they don't. They've spent/lost and never invested all the shareholder's money to improve the business...AT ALL. It's OBVIOUS. Unforgivable? performance.
As for putting their own money into the company.....rubbish. They don't have a plan for you all, they taken ALL your investments and given you NOTHING Back. Shame on them.
The small trade was often an indicator to the Markets of impending news. This is frequently apparent in the UK whereby when a 1 penny trade was made, the Market Makers prepared themselves for what we call an RNS...Regulatory New Service. It may not work the same here when an imminent Public Notice is about to be released. If by any chance it is, it could be several days before it appears, or even the same day. However, this could be purely coincidence?!
There is a Market maker code online which refers to 'Signals' . If I can find it, I will paste the details here. I do believe it's more to do with the US than the UK?
Stupid name. It means nothing but it works both ways you know. I said they were crooks all along, so whilst you call me names, at the same time, you are admitting I'm correct...AGAIN. Hardly justifies the use of profanity? Next time, I will have the named post(s) deleted.
These two Rogues were on the make from the outset, what a very clever way to make money. Pretend to be a Miner but do no Mining. They have relatively little experience in the field, so whilst they may be clued up on Mining to some degree, they are not Pro's in the Mining Fraternity any more than a couple of them were in Mining Aggregate with PPA. Looking at the track record of FLPC, they could well be 'Mining' Rock in a more secure area if these Crooks ever get brought to justice for unfairly and unreasonably screwing their Shareholders with no TRUE intent to Mine?
If you look at the whole picture, and care to reflect upon the abysmal performance from the start, it has begun to unfold very nicely if you put it all together, then look at how the Finances have been allegedly misused, INCLUDING the $2M Funding they never told the Shareholder's about, which vanished because it never (apparently) went through the normal channels nor disclosed as funding on the FLPC Website. Perhaps this is why Heatons (Accountant) couldn't finish their Books due to what they said were disagreements over a few transactions?
Overall, FLPC was a very cleverly thought out RUSE which became a farce. Any decent Barrister would dissect the business dealings and fundings and cross examine these guys to breaking point.
Very dodgy dealings indeed. It was also alleged that according to one unnamed person, it wasn't just the BoD that were on the make, but other notable people were also involved, although my contact wouldn't name names, it cannot be proven the said person was right, although 'the person' knew a lot more than 'X' was prepared to let on. The Plot thickens!
Very Clandestine. Would make a good Movie?
Ha! Your not giving me a hard time at all. It matters little to me! FLPC has given you all a much harder time by leading you up the Garden Path and telling you things that will never be. I know that you know all this anyway, but it's interesting to see what the BoD will come up with next. Their excuses are becoming feeble and hold no ground now.
So far, there's been the 1000 tons of Ore that has remained untouched, but tested to make it look good. Then there was the Liberty Mill, that came of nothing but sounded good. There was Fencemaker which they made a big thing of. Then it was put on hold to conserve costs because they couldn't afford it. The big issue about the renewal of the Licences...wow!... Big deal! Following this, the Filings...Ah! Those elusive Filings which they said needed to be funded before they could release them. It was April of 2018 they sad they should be ready. No chance.
Now they have the embarrassment of having to admit that the OTC gave them a telling off and withdraw the normal OTC trading because they failed to comply with the Filings rules....and STILL haven't. Just prior to this, poor old Pittman 33 in Canada couldn't trade because FLPC failed to satisfy their Filings system and unsure whether they still have.
The Ore from the Stockpile Blasts laid on Jerry Whyte's Land with unpaid Land rent for months which pi55ed off the Whyte family. There was a Nevada4news Editorial that highlighted the Whyte land issue and eventually, FLPC paid them what they bowed but left a huge mess behind them which upset both Mrs & Mr White as they are not happy to this day. Now FLPC has shifted the Ore to places 'unknown' with the hint they'd be processing it about a year or so back, and I think also there was a Legal Case brought about by a Mr Vogal, who dropped the case for reason's that are only known to him.
So, I am pretty clued up why FLPC is in such a mess, simply through lack of professionalism, the abject failure to look after Shareholder's Investments and have sustained toxic debt to a level of at least $2M with unpaid creditors and some people wonder why the Share price is so LOW. Hawkshaw...they've BLOWN all the funds from the outset and attempted to waffle their way through to no effect.
Basically, they have more or less cooked their own Goose but will get away with it at the Shareholder's expense!!
They won't succeed to full Mining production without funding. How many times....they have NO MONEY, neither is anyone interested in funding a defunked, uneconomical Mine. Try to get your head around the 'No Money' side of things AND well over $2M Toxic Debt. In addition, there is NO up-to-date Accounts to be able to see the true financial state of the business, but those who actually have some sense, will have already realized this, won't they Elvis?
The BoD are practically non-communicative, especially for their Website. A pitiful state? !!