Successful Businessman unlike FLPC
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That is probably the most plausable post for ages. Maybe it will come of something and sounds realistic and probably can't easily be debunked. Just have to see whether it actually comes of anything. If it sounds feasable, it could jerk the Market to shifting your share price? Further still if what you say comes to fruition.
The whole things a joke mate, but few people laughing. The only thing that's funny is the content of some of the posts by those who think that FLPCrock will 'Boom' in a few weeks time. Maybe it will?
I know you do, so it IS insider knowledge then and who's to say they won't trade when they think fit? Nothing's proven that it is insider knowledge, just a supposition that it could be, just like those who claim they know what's going on in the background. Anyone who guesses that nothing is going on will probably be right. Reminiscent of the last 4 years. Nothing except small input and all output. There will come point where the output will stop because the cash will run out completely which will be very soon now. It will all become unaffordable and they will have to look elsewhere to support themeselves unless they merge and go onto another company's Payroll.
Re. Insider Trading. Absolutely, if someone know's anything else before a Public Notice comes out, then it's Insider Trading. If some 'priming' has been leaked, then it's illegal and if it hasn't, then the announcement that somebodys know's something but "keeping tight lipped" about it, it's purely a rumour. As I said, if this is definite, then why hasn't the share price jumped on anticipation?
To me, it's purely a Ramp to try to affect this debacle of a share. If it works, it will rise, but also retrace further because it was untrue which will give a false impression of the company, which in turn will only compound an already low SP to a lower one!
With regard to news, I doubt whether anyone know's when it's due and what it is. The BoD has been so quiet for months, it's highly unlikely they will share anything with anyone that can claim that news will be here in a matter of weeks. That's time frame is just a guess plus it's illegal. In addition, if this was the case, why hasn't the buying volume shot up out of all proportion and the Share Price gone up by hundreds of Percent?
Nothing that we know of is in the pipeline. Me and everyone else are still interestd in the two filings not yet filed. Why? because it's one massive embarrassment. If they hadmade any profit and the figures were good,(which they WON't be as there are no sales), they would have loved to get the news out in double quick time.
Exercise some logic here: Every company that has an improved performance and an increasing bank balance would love to share their news because it would initiate a higher Share Price and encourage more investment to further and better the companys profile and reputation. It hasn't, it didn't and it won't because nothing as yet is going to happen. The BoD don't even respond to some non-forum members e-mail's. They won't because they can't offer any reponse to perfectly reasonable questions, even those which are not price sensitive. A complete Farce until proven otherwise.
....bet they can't even afford to hire the GPR!
OK, so where did the 350 Tonnes come from? Agreed about the survey but I assumed that would have been done prior hooking out the job lot otherwise it wouldn't have been mined. Fluke or is it really just bags of Rock shipped over from Quadling to make it look good?!! Does it actually belong to FLPC or is it just a hoax? It could anything on anyone's land.....even my back yard (They still haven't paid me for the photo!)
We know there's Antimoney there. We also know that they want to get it out and sell it along with the bagged 350 Tonnes. The issue is, they need someone to Mine it out. This mean a contract with someone who will already know FLPC's financial status. The big issue here is if they want to get it out, it will cost big money to do it. So, with just a few Dollars in the Bank, who will they be able to convince there will be good profits on it's extraction?
Can they prove to the Bank that it's there and 'accessable', the quantity and the potentital profit once sold. However, the Bank won't loan them money on potential alone. They need to SEE the stuff and once they see it, they may fund the extraction program.
Another issue is, that in order to see it, they need someone to get it out and with only a few Dollars in the Bank, can they tempt anyone to go and get it and give them a free hand on proof that there is enough supply to make it worth while? There has to be big trust in anyone who supports FLPC that allows them to make their Mining costs back and them some, AND after that, continue the contract and let FLPC take a percentage.
Initially, FLPC may not have to pay anything, hence I said give someone a 'Free hand' and see what they can do by funding the Mining themselves. It could be workable based on Integrity. Within this time, FLPC may come out with another plan based on the above, to ask the shareholder's for 'Support' for funds once it's seen to be moving along, but will it get that far? It seems as if Antimoney could be their saving grace in huge quantitys. If they are serious about this mineral, they will get their fingers out and do something. Wonder who will process it? It sounds like hard work and I don't think they're up for it!! It will cost a fortune.
I doubt that everyone knows, whether it's old or not, See here, nothing really has changed:
Click here: The Uncertain Future of First Liberty Power Corp (PINK:FLPC)
Link may or may not work.
There is (or was)350 Tonnes of Antimoney bagged and ready to sell. Reading through some early info. I dug up online that suggests and quotes:
"they (FLCP) explained how they will finally manage to start operations in their mines, supposedly full of rare earth minerals. They say that they have allocated millions of dollars for the exploration process but we are not sure where they got the millions from' (and they noted Millions). The only way they could have acquired the funding is by borrowing some money, but they are not willing to disclose how much money they obtained, what the terms of the notes are and other details that, we reckon, are rather important for the shareholders".
This is old news but nonetheless, if they GOT Millions, where did it go and was it put towards the use they said it was?
Those who mention 'Don the Con', he is not quite as squeaky clean as some of you may think. He knowingly put out false information to the public and was sanctioned for doing so, and when a CEO of another company, which went Bankrupt under his control, he had to step down along with someone else. As I say, Old news but nevertheless, in may beg the question whether or not he has changed his method of doing business during his time in FLPC? All the above info. was found online and there for all to see as Actual Facts.
Post 63895: Interesting but UK not US. If any company wishes to follow up comments, they will need the cash to do so. Second, a protracted case would cost too much and the moderaters of the board will usually ban or suspend UK posters (like we do here) with a difference of opinion. I see lots of what I would be deemed to be defamtory and libelous comments here, so one has to be careful that comments are contained within a degree of reasonableness before someone tries to press charges. That's if they can find them, in addition, many could also be true!!
Post 63823: I live in the real world, dealt with shares for 13 years and I know the signs of an ayling company. It's just a pity thatmany on this forum live in the realms of Cloud Cookoo land that just cannot accept the fact that FLPC is not about to rise up and embark on a new project because they have no sponsors, no security and most of all, no money and could not even pay their Internet Bill, so what makes you think you are on to a winner? They are BROKE...B.R.O.K.E, no cash. They don't even have salient business plan that the Banks would take on board to ever justify offering them a loan. No production, no sales and no input. That means no cash flow and without cash flow and profit any company's finished. Easy to work that one out.
"For the very last time, Flpc are not going anywhere but UP" Up the Spout! You cannot compare the two, both different organisations, different circumstances AND different CEO.
I don't say it's impossible for it to bounce back because neither you or me know what's going on, but my assumption is, very little until it happens, whatever it is. Note: my 'assumption'. One always says "Never Assume" it can be wrong. I can be wrong, I have been in the past, but looking at all the figures and information I have seen over the last year, I cannot begin to see anything from FLCP which remotely spells success.
Why don't the BoD release a public notice which offers some hope apart from a 'Restructure Program'. It doesn't say enough to excite any shareholder unless they can offer more a positive concept as to HOW or what they are doing. Ask them and see.
Happy Easter by the way, and I don't mean that sarcastically. I genuinely hope that everyone here enjoys the break despite the big Negatives and positives adorning this forum. I'm gone for now. VGL All.
You should be used to unabashed BS, you've been getting it directly from FLPC for about 4 years which is why so many people bought in and only losses to show for it. Nothing's changed and nothing will. It remains dead in the water....and all a result of 'unabashed BS' from the Directors who are the one's to blame, not irate Shareholder's.
Sweetums: I guess you don't like 'Don the Con' and Bob the 'Rob'? LOL. I expect there will be a queue waiting to have words in Vegas. Difference between those gaming machines in Vegas and the CEO is that these guys are 'TWO Armed Bandits'! Get three Bars saying FLPC and it still wouldn't pay out because the machine's already been emptied by the owner........and the pay out slot is blocked from the inside so you won't even get your money back from down the shute.
POST 63814: At least someone has some commmonsense to recognise this share for what it is. I wonder what these two late filings contain? Whatever it is, it has been stalled for a good reason and that reason is to get the so called 'Restructure' details out BEFORE releasing the two late filings. What will happen then, is that guys will think, Wow! Great restructure program, try to buy loads of shares and up will go the share price. BIG But.... (one t!), once more shareholder's have been screwed again and paid $$$ for shares that may not even exist as such, (try to sell them back in Tranches of 50!!) they will release the 'Filings of Death', they will have gotten more cash, then the combined Filings will cause it to collapse and they will make off with more cash which mugs have pre-invested weeks before. Think about it!
100% Rise has been and gone and we are back to '0'. It is April Fools Day after all, and as this share is at fractions of a Cent, 100% of virtually nothing is still almost nothing. Any modest trade of a few thousand Dollars will affect the SP. Because it's so low. it will register as big %age. It's not news expected, sorry to say, that will be significantly higher. When news hits, I hope it's good, but it WILL be full of ambiguities and hidden 'anomaly's as it always has been. For your own sakes, look for another share that actually has substance to it and has progressed as previous company notices has proved.
The old 'Who' Hit of the early 70s, "We won't be fooled again" has a true ring to it. Heed it.
I think BeWary was making a fair assumption because a share doesn't normally rise 100% without some sort of public announcement due. This one reason I suggested TRADE this Share because unless the Market has wind of something, all I can think of at them moment that this 100% rise MAYBE false manipulation to encourage buying. If that's the case, be prepared for a downer, if it's news due, this (I hope) will continue rising for you guys. I want to see the true reason for 100% increase, not just an internal trade or something to trigger this very nice increase. Fingers crossed.
Don't forget that I said at these VERY Lows, those who buy NOW or at best bought a few days ago stood or stand to make good money, but not by holding for too long but trading this share in to profit. If you don't dip in and out pretty quick, this could be back red again in a day or two. Keep a good eye on these lows and make your self some cash. A few hundred Dollars will go a long way with hundreds of % on News, but don't get Spiked.....take your profit for those that can. Not much good for longer termers, but Newbies should do ok but DO NOT stick around too long! My guess. GL all.
Post 63749. A good balanced and realistic post. I really hope that for all you guys here, that you get what you believe in and what you assume to be the CEO trying to make a go of this and turn it around. I hate to see anyone being taken for a ride with shares and all their money. One of my shares has recently 'lost' me the best part of $6000 (an Oiler) don't even ask! It's still a paper loss as I'm still in it along with many others who were taken for a ride by an Ausie CEO. I have almost zero chance getting back more than $750 at best. Not bitter, but generally peed off.
I don't do expletives on these forums as some might, but I can see here who believes in FLPC and those who don't. I look at the broader picture and from what I have seen here, it doesn't bode well. This is not to say that things may turnaround for the better as none of us know what's going on behind closed doors. All I can say is I hope there's more to these guys than we have seen over the years, so will they change or will they remain open for business to get this company back on it's feet, or will they suck out every last drop and then some? I cannot say yes, they will make a go of it, or no, they won't but if the money has depleted to the point of almost nothing, it still begs the question why haven't they invested all this money to get the organisation physically Mining?
I would be inclined to see if any major Shareholder here would pose the question directly to Don or Bob and ask them to qualify what good use has all the shareholder's money has been put to for 4 years, and why isn't there anything much left and nothing to show for it other than a worthless 'Shell'? Ask them to justify this in writing and see whether they are prepared to offer a good salient explanation other than 'costs' but without any progress other than meaningless words. See what they say.
The Money has probabaly worked it's way in to a High Interest Bank account by now ready for Drawdown when they need the extra cash for the forthcoming Restructure, Holidays, Legal Wrangling's etc.....ahem!
Well, we've been Conned by Don, and Robbed by Bob. No doubt it's running 'Leana with Tina'and Voaden is Load'n his pockets too!
What's next?!
It was the same on the last Company (PPA). Same type of 'set-up' and months before any news, then all the cash was gone and they couldn't pay their bills. All take and no give....hung out to dry. PPA and FLCP are almost a Facsimile.
Of Course, wrong time zone. LOL
Nothing available today. No volume and no prices available to see. Wonder why, have they 'pulled' it? Normally, I there is some form of indicator.
Please elaborate why you think that 75MM has some meaning. I don't doubt we'd all like to know. It's not a cryptic number than I can work out other than MM is 2000 in Roman Numerals. Meaningless as far as I can see.
BeWary: That's the height of the Legal paperwork on Don's desk with the details of all their scams :)
BeWary: Thought as much. It's the quiet one that are the worst!
Sweetums: "Like a Reverse Mortgage". That means that if you miss your payments, you'd be repossessed or go Bankrupt with the inability to pay. They're already most of the way now!
I am intrigued as to what the outcome here will be. It's quite compelling just to see who will be right about this company! One isn't sure what they will pluck out of the Hat next. Dead Rabbit probably?
Re. Reverse Merger (I call it Reverse Takeover). Swap of shares for an ayling business to become Shell Company, perhaps an Investment Company? Costs to be borne by the ayling businses, FLPC could be come an Empty Money box to shift funds or acquire funds for future investment elsewhere. The company will only be better off because losses will cease and could become part of a bigger business whereby the current CEO/Directors will probably do much better than they are and will be clear of any of their misgivings. A wise move if they do it. But will they? This may well be why they put the 'Restructure' in Inverted commas as an indirect indication that the 'Restructure' is the company, but not as we know it 'Jim'
Essentially, FLPC could 'Restructure itself' within an RTO, in other words, it the Scape Goat....the 'Get of of Jail Free' card. Do they actually have any cash to fund this RTO? No, but it depends on how much it costs.
Voaden tried to initiate an RTO about about 4 years ago and the failed attempt with an annonymous company blew PPA's Fincances into oblivion, hence he cleared off to FLPC taking his 'earnings' or 'Spoils' with him. You hear little about Voaden, he's the quiet one in the background doing the business you won't hear about (yet). The guy is most likely going wangle FLPC out of the shyte with a few crafty moves. Something he's very good at. Lets see what Pans out.
Re. 17th. Nothing happened on the 17th. If it did, it hasn't got to this board yet. I reckon it was Hogwash, so far anyway.
I hope this company NEVER gets involved in Reverse Mergers. Mr Voaden created a Reverse Merger way back in his PPA days and he Ni-on Bankrupted the company. He sucked the whole life's blood from that Co. and given half a chance may do it again. Old Voaden is lying low, probably plotting and planning all sorts of fine details. a) How to get out of this fix and b.) How much more can he/they screw (with assistance) out of this company while he's still on it!
The Chinese may take a sideways slant on this company and offer $1 for the company. That's the restructure. It doesn't say how it will be restructured or to what degree. However, it may not be the Chinese but if it is, this will continue to be protracted and just Drag 0n!!
LOL Asia is a big Continent and it could be anywhere and not necessarilly China. China is actually stockpiling some Minerals, Copper I believe, but don't think FLPC is into Copper (or anything much else for that matter) so maybe they are also interested in this Antimony 'Stuff'? They are the biggest producer of this Mineral and there are very specific uses for it: Batterys for one, Bearings is another. FLPC has made a point of mentioning Antimony, but it's never got any further than words.
They should STILL release a Public Notice as to hint the reason for Don going away, even if nothing much happens. I have never known a company to release so little information to try to tempt Investment into a business, even though it seems to be on it's last legs.
If you read my post, you will have seen that I also asked Maine to produce documented evidence about any so-called 'case'. There's unlikely to be any. What appears to be a paradox with FLPC, is that for 5 years of promises and lies, they are now talking about a restructure. The Paradox is that how does a company with no money and piles of owings right down to their website, think they are going to raise the cash to build upon a restructure. A sponser maybe? No chance because there won't be anything in it for them. Don't be fooled mate, it's unlikely to happen.
The Board are kidding you because if they can't make it work after 5 years worth of investments and money wasting, why do you suppose they are supposedly getting their finger out now when they could have done it ages ago?
What they are hoping to do is lure new investors to pile in the cash because they assume that FLPC will rise again. This BoD are just organising another 'try-on', and no doubt it will be a plausable one....may even be the genuine article!
If...BIG If they do actually make this work, and you said yourself that it may not, there's two ways you may make a killing on this share. One is to throw everything including the kitchen sink into it and pray that upon announcing ALL the proposals, this will rocket and you WILL make money. If you do, DO NOT HOLD, take your profit and get out QUICK.
Second: If you don't sell and hold, you could end up like everyone is right now, with almost nothing. One share I was in, proved this and I got it wrong! Put money into it in anticipation and it failed. Another, I chose to wait until the share started to prove itself with a strong trend upwards. By that time, I knew it was going to be OK. I lost out on the initial rise, but at least I knew that the company was proving to do what they said it would. With FLCP, well, your money your choice.
(Just don't be fooled by these guys, you've read enough warnings!)
Good luck to all that take the risk on the restructure.
Biff2: Try Enid Blyton! We will all be subject to a deluge of posts by Mainespower :)
Joking aside (if that's possible), The only reason I know for the visit to Asia was that I read somewhere on this site was that they had an arrangement with some Chinese company to buy some minerals. That's if they ever managed to produce anything!
Snippet.
The Company has entered into an agreement with Shenyang Huachang Antimony Chemical Co., Ltd. ("SHACC"), a subsidiary of New Huachang Five Star Group, whereby SHACC has certain rights to acquire ore mined at the Fencemaker antimony property by FLPC strategic partner, Stockpile Reserves LLC. SHACC will pay a premium over industry standard prices on competitive payment terms based on its desire to source from a stable jurisdiction with strong environmental and safety standards.
This was ages ago, a year or so, a wild guess is that perhaps Don's been offered a job, in which case he could up sticks and clear off, OR there's a deal going on if they intend to restructure and mine some rocks of some sort or even go for a JV. Pie in the sky probably as who will enter into any agreement with a company that hasn't actually got anything to invest! 'Expertise and consultancy' perhaps? Didn't 'Don the Con' do this in a previous life?
Some time ago, I wrote to these guys and asked them if they had any dealings at all with FLPC, but they never replied. Sore point perhaps?!
JOTUK: Whatever or whoever Mainesbest is, his posts make of good reading whether or not they're true or otherwise. He's probably a Novelist and very good at writing about Fiction which is probably why he's here....practicing his bit!
He is very bitter, you can tell and what better way to vent his views by 'Inventing' (or not) the liklihood of some form of case against 'our friends' in FLPC which, given it's content, wants to start Bum's twitching. If they don't twitch, perhaps it has the opposite effect (with you anyway), to Split your Sides with mirth suggesting his posts are a load of Codswallop.lol
Maines soundscredible, but until me or anyone else here sees evidence of the proceeds of his rants, I will take his posts with not a pinch, but a Sack of Salt until such a time he can prove that these 'Proper Authorities' actually exist with regard to the so-called 'case'. I bet he won't be able to offer anythingthat will remotely tell us about who these guys are. Until he does, there is no case, no authority handling any proceedings of any type and no substance to his posts other than what they are.......a rant. So, expect to see further posts with reems of sounding off but nothing to back it up!! No amount of trying to prove to this whole Forum that something is in the offing, will convince me until I read SOMETHING that proves there's going to be action taken, not just fictional jargan full of hot air....and without the accompanying pong!
I'm sure the paperback will be out soon.
Jimbob: All Maines has to do is tell you who they are. You contact them and they will confirm or deny if there's any pending case under this company's name. They can't of course, divulge the reason(s)why because it could jeopardise any possible case. Once this is known, then you all wait and see what the outcome is.
I believe you have the right to this information even though it will be skimpy. I also see there is volume today, so nothing has caused them to cease trading. If a public notice comes out for these shares to be suspended, it will just happen... no warning, then you will know what's going on.....whether or not Maines decides to tell you on this Forum. It also depends how long the wait is before any action takes place.
Once suspended, it coud be weeks before a case is in progress and it depends on the severity of such case as to how quickly it goes through 'the proper authorities'.
I doubt that any member of the BoD will tell you anything at all, so who will you believe? Mainesbest is a good writer based on his legal background (as he stated), so no real doubt there, we have to take his word for that. If there's a company issue, then you have the right to information, but only so much. Investors 'are the company', so you have the basic right to ask who these 'Proper Authorities' are and some very limited answers. This includes the BoD to give you a straight forward answer...Yes or no. I reckon it will be "No", as they've lied before and will continue to do so.
Both Mainesbest and Sweetums posts are pretty blunt, fine by me, but for those who are still holding, they can contact their Broker and then tell the rest of this Forum what's supposed to be happening with their Holding but maybe in a little mnore detail (if allowed) rather than what many perceive to be ambiguous and scaremongering posts! Nonetheless, it beats all the usual Forum posts Maines' and Sweet', I sincerely hope that all of this equals the demise of this Rip-off company and all it stands for....which is not a lot except one big con. I want to get the value of my losses at least in entertainment value and I'm half way there now. The other half we be effectively paid back when they finally go under and have no ability to start anything ever again, if that's possible.
Mainesbest: Another in-depth post telling us all that Civil Action may be in the offing. I am on the understaing that Civil Action will be costly and get nowhere, whereby Legal action will only ensue under Criminal Law should it ever happen. I would have assumed that these guys may possibly have something aganist them on these lines? When you say' ..."but it is for the RIGHT reasons that (we) did drop all information, contacts, pictures and audio phone recordings in the proper authorities hands. Oh and...ceased ALL TRADINGS of FLPC stocks! I assume when you say 'WE' it's all the un-named entities within your post? Fair enough.
I always thought that as they are being so Hush-hush that someting else was being hatched. I appreciate that you are being as transparent as you can and it's going to be a question of 'Watch this space' I think the whole thing will be suspended, but will they get away Scot Free and not taken to task in any form? Will we see these 'proper authorities' do the deed on FLPC though, this is what people want to know or do we just wait and watch?
I do believe that BeWary suggested that because little is happening that we are aware of, that some of us believe that another Scandellous venture is being planned. However, I'm not so sure as the BoD, Including the name I like, 'Don the Con' are too old to bother and will choose to disolve into the background with thier ill-gotten gains.
You seem to be pretty clued up in legal affairs, so whilst I won't ask your trade, too me you know a lot more than this entire forum. Fair enough, that's good, but perhaps we will get to know more as, when and if you see fit to tell. I hope that whatever scenario happens, that you/we see some retribution for your hard work in helping to 'clear the air' about these guys.
If you like fishing, you may get to catch something quite big soon?!
Regards CavEmp.
Nordicroots: Very comprehensive appraisal. Essentially, both Joshua and possibly FLPC are working a 'Flanker' to get cash short term, whilst this Loss making company keeps ticking over with whatever comes in via the investors from this site.....which, I hasten to add, has all but dried up. Josh is way ahead of the game and awaited the 'Flatline'to bang some more nails in the FLPC Coffin.
Quite clearly, someone has been on this case for quite sometime and I'm wondering whether or not things have been going on 'behind closed doors'? I think there's far more to FLPC than we think. For example, how do these high-powered Director's earn a living if there's no Investment. Where does all this cash come from to maintain the business and the existing employees? You can see by the Volume, that over the last several days, there has been little or no movement in Stock. Has previous dealings filled their coffers sufficently enough to not appear to be that worried how the company is going? They are keeping very quiet indeed.
Things are going on in the background that we don't know. Plans being hatched, and of course this 'Restructuring' program we read about, but they are all being very silent and it all seems very, very fishy.
NORDICROOTS: A very astute find! That's quite a coincidence Judging by this guys track record, he appears to get out before they get so low they go under and gets nothing, so he's out 'just in time' before his percentage dwindles to nothing. Perhaps he know's something we don't. If he's made millions in failing companys by lending them money in exchange for cash and part shares, this guy almost can't lose, but the company he was in can lose a whole lot more. Looks like this wiley guy has his head screwed on. If he's lent money to FLPC or whatever (I didn't have time to read all of it), how much was lent and where did it all go!!
As my time is at a premium, please correct me if I'm wrong, but FLPC (BoD) Stands to gain from his cash on whetever basis, and he makes his bit on % + Interest back, plus %age of whatever shares remain which he got at a discount price and sold while he still could. It sounds to me like a very elaborate way of a quick gain for both partys without too much commitment? Right or wrong?