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Did you read the news?
FEC Resources reports on SC 72 Force Majeure Declaration.
It looks like it. All corruption.
Has anyone read the news this morning on TD?
As I have always said delays are never good sign. JMO
The Company has lost any investor confidence with the last two failed filings, first the name change and the annual report. Missing a deadline is never viewed as a positive event. JMO
I am very surprised at the PPS at this point. They tried a name change and that failed because they overlooked a preferred share holder and now they missed the deadline to file. Hence the PPS sits at .0076. JMO
They removed the profile at the otc to introduce the new Co. JMO
My thought is an update at the OTC is the first place investors will learn the identity of the new Co. As you know these updates are tweeted out throughout the day and evening and that should be a significant catalyst. JMO.
There is definitely a new Co coming my friend. JMHO
Scroll down to 14 hrs
https://twitter.com/OtcUpdates
Profile no longer verified.
The chart confirms that Hugie. JMO
Thanks
The annual report is due today?
Can MR. OWL inform us if there will be any filings posted today?
Well MM I hope you are correct.
I am not an attorney but a past investor with preferred shares can not just have his investment wiped out that easily. Apparently the investor is not interested in his preferred shares being converted to commons because he knows what is coming. JMO.
This problem needs to be resolved before they can take over the shell. From the filing...
Due to the delay in the processing of the application, and the failure of a preferred shareholder to return his shares to the Transfer Agent for conversion into common shares, as directed by the court appointed Custodian when the Custodian had control of the Company...
JMHO.
In the last filing they did state the name change was on hold and they would be “moving forward”. My thought is they are referring to the merger. JMO
Is the annual report filed at the SOS?
Sure I agree, there was no material news to account for the move yesterday.
JMO
I think that until the drilling takes place and there are meaningful updates from the Co we will not see much movement in the PPS. I remember from another energy play that there was a steady upward climb of the PPS with updates but the shooting star moment will not occur until the exploration process is complete and the experts have signed off on the findings. In that other energy play the Co released news AH weekly and the PPS would move upward incrementally. I was up 4x times my initial investment and hadn't sold a share. Soon after there was a set back reported and the stock tanked before the open and I gave back all my gain. As you know the OTC takes no prisoners. Just my two cents Traderfan as I am no expert. GLTA JMO.
I am very pleased with the transparency after yesterday. It appears that management has made the shareholders a priority. My thought is that they want a much higher PPS here and as news flows concerning the progress of the drilling the PPS will stabilize. Also if these estimates are accurate FECOF will probably get absorbed into the parent Co. GLTA JMO.
Once the drilling commences we will be off to the races. JMO
Any low float stock is held hostage by a large seller so I am not surprised by the pps Traderfan. This is a very rare set up and if the studies from the drilling sites are positive the PPS will move north very quickly. Patience is key. JMO.
Thanks for your posts my friend, When it come to looking at the CEO past performance is always a good indication of future behavior. JMO
Will the float remain the same? It seems very thin for 800 million. JMO
True if you goggle the address you get an insurance Co. JMO
There was some reason for the increase the volume. Daily Ave 200,000 today 2 million
The address is an Ins Co?
Any background on the new president?
That close?
I would think that the next move will come with the SS update.
The current float - Held at DTC 149,161,438 02/11/2022
No stock for sale here, 100 share trade so MM's need shares. JMO
L2 is thinning out, appears the merge is moving forward. JMO
Is this the Co.?
https://springsrejuvenation.com/
Thanks
Is an MSA a merger and acquisition ?
No question with this tiny float we go much higher here. In the past these setups could see .20. JMO