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ask thinned perfectly into close, hope you all were able to pick up 7's..maybe it runs with a PR tomorrow.
I will take 7's people panic sell into me
Nite seller seems to have dumped the majority of the 9's he had for sale into the bid at 8, if price gets back to 9's it will be easier. VFIN sitting at 8 is hopefully only temporary.
9's are thinning because the ETRF guy dumped 2M of his 7M into the bid...
If we can get enough buyers to get through the 9's she'll make a run.
14.76M at .00083....hmmmm
9's slowly thinning out...
good vol here, have to take out the 7M seller at .0009 though, could make a nice run up to 50day .0021
bid is evaporating, fear fear.....
Buyer at .0030
$2.80 huh..at 300M shares outstanding that is a 840M market cap for a company that loses money in all of their operations and is in default for half their loans.
The fair value here is sub penny if there is any value at all.
Jimmy running from the sinking ship just like the CFO did a few weeks ago...
Who's next I wonder..
I have watched FLPC for a number of years.
From the beginning of Fencemaker planning
To the funding of getting Fencemaker online
To Fencemaker going online
To Fencemaker going offline
and so on to present day.....
The only 3 things have remained consistent in all the times I have watched FLPC
A. DILUTION
B. Constant mistakes and screwups from management
C. Never a dime of revenue generated.
I have traded in and out over 50m shares of FLPC over 2 yrs at all different price points but I don't own any now or will for the foreseeable future.
With the increase of the AS to several billion more I see trips here, I will say that FLPC bit by bit is building up certain "tools" they need to produce revenue one day.....
However any positivity will be offset by constant dilution from constant covertiable notes....
difficult to convince anyone to buy when they know FLPC can dilute their investment up to 80%.....
Triple 0's incoming IMO
Very odd that there was no dilution last week, stock traded like it and L2 screamed dilution....noteholders are very good at scaring retail out right before a conversion..
stock sure didn't trade like there was no dilution last week, dilutive MM's sat on ask almost every day with their "10k" for sale..seemed to get better towards end of week.
Strange stock....I don't think dilution has stopped.
Maybe not tomorrow but it likely will tick into the trips, I'd honestly put a tentative bottom around a .0007 - .0009 range..maybe lower if people capitulate sell..
Around that time most of the note holders will be done....
Or this goes to .0001 and Reverse Splits..who knows.
not at all, PPS is acting just as expected, I certainly would not be long here with mass unloading but it does look like the time to be getting long is approaching..
not bad day today, didn't touch triple 0...guy probably unloaded 8-10m today of his 99.5m...will be tough for PPS to rally with him unloading
$$
10's bid, maybe it sees triple 0 soon, not even noteholders making much profit around here....
guy is profitable down to .0009 or so...so we have a .0009 - .0015 window for share price to trade in...
I'm coming up with a 99.5m share conversion on that note due tomorrow....going to be tough for share price to maintain with that..$$
20% spread between bid and ask...would be cool to flip it if there was any vol to it....more likely then not most flippers get stuck holding.
15's are bid now, maybe it sees triple 0 by Friday....good job FLPC, creating such value here $$
If you browse through some of the older PR's you will see this line at the bottom of all of them..
First Liberty Power will continue to use Pathways of Progress announcements to inform and update all interested parties of advancements in Company mining and financial operations.
However that line has been modified recently to only say this...
First Liberty Power will continue to use Pathways of Progress announcements to update advancements in Company operations.
Interesting tweak..
Maybe CFO resignation is a signal of discord among FLPC BOD....giving up a 5k a month gig, I can't imagine it was full time job.
Best of luck in future endeavors Mr.Beckles.
I disagree that it's mostly issued in shares..
For the nine months ended April 30, 2014, an amount of $45,000 was recorded by the Company as management consulting expense and $35,091 was paid in the form of cash and $35,000 was paid in the form of common stock.
The terms of which require a monthly fee of $5,000 payable to Mr. Reynolds. For the nine months ended April 30, 2014, an amount of $45,000 was recorded by the Company as management consulting expense and $21,500 was paid in the form of cash and $21,500 was paid in the form of common stock.
The terms of which require a monthly fee of $5,000 payable to Mr. Beckles. For the six months ended January 31, 2014, an amount of $45,000 was recorded by the Company as management consulting expense and the Company has paid $26,284 in cash
For the nine months ended April 30, 2014, an amount of $120,000 was recorded by the Company as management consulting expense and $120,000 was paid in the form of cash.
Quick read of the 10-Q reveals a cumulative $42,500 per month is paid to the FLPC BOD for "consulting Services"...issued in both cash and stock...
Plus a ton of other expenses paid...
Sweet gig for them.....surely they deserve $510,000/Y for driving stock price down 95%...
FLPC website updated OS finally..~46m increase since last update to 898,729,860...
Rapidly approaching max authorized....it is inevitable they either raise AS again or reverse split before December and the next round of dilution occurs.
As it stands with Mgm't have an absolute stronghold over anything in this company because of their preference shares, I am beginning to think that FLPC mgm't only views "shareholders" as a tool to continue to finance their company through constant convertible notes given out.
if FLPC really wants to be transparent and upfront then eliminate the preference shares.
Lower and lower it goes...
company has numerous convertible notes in their 10-Q, including a note with Asher with 70k$'s outstanding..
careful here
negative
I've been watching the note converters painfully get through their process, when I see them finished with their inventory I'll consider buying for short term bounce, I think it will be short lived since there is another massive round of conversion in December coming down the pike.
Really need positive news here or this is going trips by December
bid looks very vulnerable to one seller who could drag it down to .0010 on a relatively low amount of selling...
Seems the buyers strike continues.....
$$
why would insiders buy at .01 and .0050 but not at .0021...
Regardless of if they were token buys or not it still showed Mgm't cared..
I remember a year ago insider buys ramped it 100% in a session when the fillings hit...now...it does nothing..
$$
Most failed miners go into the MMJ businesses nowadays on the OTC...so FLPC BOD can always look into that, I'm sure PPS would rise.
she running for the dollar....been long since .76...
surprised it is down even when diluters not sitting on top of ask, seems to be frustrated retailers..
Capitulation soon...
getting closer and closer to the optimal buyin point IMO..few more ticks..
$$
VFIN sitting on ask, dilution..
BMAk sitting on ask..dilution maybe...
realistically this attempts to go touch .0020 - .0022 the high from the last run, will likely fail there....
700m vol says this is more then one day play.