Successful Businessman unlike FLPC
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Found this in the Filings: Forget which bit though. Read from "See below"
IF any of you have actually read 'The Small Print', it clearly lays out in Black & White how huge a risk investing in FLPC is. You will note that whilst their Website and intentions are 'fair', they do stipulate in years gone by that the chances are, the business won't work then and probably never will in the future!!
As nobody reads the Small print, the bulk of investors throw money into FLPC at their own very high risk. These guys Asses are well and truly covered. The FLPC Website is really an 'Invitation to Buy' or invest in their company if you so wish. It does not tell you to buy, not does it even remotely suggest that there will EVER be any profit that will create a company which will be good for Investors, even though it may imply as deemed by the share buyer.
To summarize:
The Inverstors have all been effectively sold up the River (Legally!!). Part of your research should go to reading all about this companys intentions to build a profit making buinsess. It appears to me, that it was a non starter from the outset. Essentially, anyone who puts money into here, well, on your head be it. However, good news and potentially good prospects create a Market Fluctuation whereby buying shares at the right time could make a profit for some, but not all. FLPC has effectively advised us in so many words, that it's likely to be crap from the start and forever, whilst you fund the BoD's Life Style. Great Idea, must try it some time!!
See Below:
Risk Factors
We have a going concern opinion from our registered independent auditors, indicating the possibility that we may not be able to
continue to operate.
The Company has incurred net losses of $(42,096) for the period from March 28, 2007 (inception), through July 31, 2008. We anticipate
generating losses for the next 12 months. Therefore, we may be unable to continue operations in the future as a going concern. No
adjustment has been made in the accompanying financial statements to the amounts and classification of assets and liabilities which could
result should we be unable to continue as a going concern. If we cannot continue as a viable entity, our stockholders may lose some or all of
their investment in the Company.
Our business plan may be unsuccessful.
The success of our business plan is dependent on our developing our server-based software product that will perform authentication and
billing, and our marketing our wireless network service to end-users. Our ability to develop this product is unproven, and the lack of operating
history makes it difficult to validate our business plan. In addition, the success of our business plan is dependent upon the market acceptance
of our single service plan. Should this service be too narrowly focused or should the target market not be as responsive as we anticipate, we
will not have in place alternate services or products that we can offer to ensure our continuing as a going concern.
We have no operating history and have maintained losses since inception, which we expect to continue in the future.
We also expect to continue to incur operating losses in future periods. These losses will occur because we do not yet have any revenues to
offset the expenses associated with the development of our software product and the marketing and sale of our wireless network service. We
cannot guarantee that we will ever be successful in generating revenues in the future. We recognize that if we are unable to generate
revenues, we will not be able to earn profits or continue operations.
There is no history upon which to base any assumption as to the likelihood that we will prove successful, and we can provide investors with no
assurance that we will generate any operating revenues or ever achieve profitable operations. If we are unsuccessful in addressing these
risks, our business will most likely fail.
So, you lot, do you still think it's worth 'Investing' in this company? They have been fairly 'Honest' about how it may pan out. Trouble is, nobody does enough research......OOPS!
Just curious but I was reading through all their sales pitch on the Website and it mentions 'Employee's Safety'. "The Company’s objective is to bring minerals to market while always ensuring employee safety, environmental integrity and corporate good governance". It doesn't actually say there were any employees at the time of the Web page going 'live'.
FLPC’s corporate philosophy is fully evidenced in their Pathways of Progress (POP) program, an <"open and transparent communication platform used to inform shareholders, investors and mining partners of Company news and advancements">.
I Wonder if anyone know's how many employees (if any) have been or were on their Payrole in the last two years. This excludes ANY Management, accountants, Book Keepers and cleaners. If so, where did they work, what did they do, and are they still there. If not why not?
If there were employees directly employed by or within FLPC and worked for them, whether subbys (sub-cntractors)or others (Casual Labor, cash in hand) did they make the company any money to justify their existance on being employed on a profitable basis. If there were and profit was made, what did they sell.....who to and for how much? Where, (if any) are the invoices to record the sales and Insurance certificate(s) Insurance premium Invoices to cover 'X' number of employees under the jurisdiction? Every company must keep these records in case of having to log Industrial Injury and any following Law Suits. In the US, someone would sue their employer for cutting their finger on a Thorn not having explained the hazards of working 'in the Wild'!!
Bet they can't tell you the answer to that lot!!
Sorry about the Typo's, written in a hurry!
GOLD MINE: THankyou Sir! MAINESBEST: An exceptionally good poster with comprhensive and realistic content. JOTUK: Please note that this entire company and it's Website IS the documented evidence that exists!! All in glorius color AN in writing. Maybe Mainesbest has already Copied and pasted every page and every piece of news that suggests that all their proposals over the years has built up a Portfolio of what many Shareholder's allege as deceipt on a Grand Scale. Save it all to your FLPC Folder when it can be produced as evidence, M'Lud! Wonder what Judge Judy would make of all this? She would have them all for Breakfast and put the bones on the side of her plate to make soup!
MAINESBEST. Label your folder as, 'Feloney, Larceny, and Protracted Corruption' just for fun! I reckon it could be turned into a Movie rather like 'The Sting' The material is sufficent to make Box Office Millions....without Royalties!
Re. 63338 Mainesbest has written about the best post I've seen on this board. Another poster on this board an myself have been following the activities of Nicholson and Voaden long before they came to FLPC, so we have a pretty good idea how they opperate, only to be hightened and confirmed with the same dasterdly scams run elsewhere with promises of Shareholder value, the reasons why Shareholder's will do so well and what methods were going to be used to produce and supply.
Their ALLEDGED method was to post Regulatory News Bulletons, detailing how they were proposing to bring about production, perhaps with contracts 'in the pipeline' along with guaranteed sales once the initial stages of agreements has been finalised. Have you seen any that has made any money? No!!
Like FLPC, areas of production and supply is recognised as having 'massive potential' and g'teed sales once production starts. What you will never EVER see, is Signed Contracts with terms, nor what they are assumed to be selling, where said minerals are, when and if they will actually start work on drilling the tonnage produced and the prices of such products.
If you read through ALL the Website about who owns what, Leasing rights, where it is and what in real time is actually BEING produced and is ACTUALLY making money, PLUS an Inventry of the accounts of sales etc. You won't find it because it doesn't exist and probably never will.
All carefully worded paragraphs on this site will only tell you what MIGHT be with no intention of actually happening, so this is where they get the Investor to assume that what is written will actually come into fruition. It is comprehensively laid out in such a way as to delude all who read, that FLCP is going to be a 'Big production company' that will do us all proud. What they produce on a grand scale is utter Bullshit, and all your Investments has gone virtually nowhere to even begin to produce anything except more lies and no doubt, a good lifestyle for the BoD.
The sooner these guys are up in the Dock to prove IN DETAIL that what is alledged over the last 4 years has been seen to be make physical progress with their Shareholder's cash, the better. A good Atourney will cross examine those involved and conclude that at no point in time has a fair and reasonable effort been made to turn investment into production, which will show on the accounts. FOUR years is long enough to produce ONE piece of Coal or whatever, and sell it!!
What will show is outgoings in the form of Salaries and general expenses. There will be no Plant purchases or rent and probably no maitenance costs of any site (except the Website). In terms of 'Maintenance', essentially, this is only done when something is actually taking an active part in the making and producing of 'X' when wear & tear takes place in order for maintenance to be done, if you see my point?
These guys won't have a leg to stand on once they determine that there was 'never any intention' to create an affluent company in the interests of the investor. It could very well end up with a prosecution for fraud/deception and whatever has been alledged is proven correct.
That should read 63295. Sorry.
Re. Post 63330.
I think Mainesbest has hit the nail on the head with FLPC and Don 'The Con' Nicholson. I'm sure it won't be too long before they fold and call it a day. Four years is about as long as they can operate this very clever scam for, maybe five, but they will or perhaps have, run out of cash input from reduced investment as the potential investors read these posts and have become wise to the fact that it's nearly all over. There will be no Phoenix rising from the ashes, no production of anything because they won't have the available funds to get anywhere near to financing production. In addition, the Bank or any Bank won't lend them the cash because they won't have any Balance Sheet to show significant profits that would justify any Bank to stump up the cash on what could be a very 'presumptious' business plan.
IF, they ever managed to pursuade the Bank to give them a Business Loan (WITH Security!!), it would be highly unlikely that it would be used to enhance production and disappear into the same area all the rest of the cash has gone! In due time, it won't be long before they will stuggle to pay the bills for the office rent and general business expenses, etc. There could well be listing fees like the UK AIM/Stock Market of thousands of Dollars. Very soon, these costs will outweigh the input.....Game over!
Pittman: Re. Where's all the money gone? Clearly it's not been invested back into the company, hence FLPC is no better off than they were 3 years ago. Inj fact, they are worse off along with most or all of this Forum. How do you suppose the company keeps going? The Funding from the shares is sufficient to pay the immediate bills such wages, wages, and wages! Plus the general overheads of the business.
As previously mentioned, once the input from investing begins to run dry, billsx will become harder to pay. Once this happens, it's highly unlikely the BoD will dip into their own money.......or should it be your money, they will probably call it a day unless they advise us of a 'comapny changing' project. This will attract those less wise to what's going on and so the BoD will last a while longer. However, if people are now wise to this scam and no significant input is forthcoming, I doubt they have much option than to disolve FLPC and retire on their 'Ill gotten gains'!
I see a massive 2.5% increase today which is Microscopic. Perhaps one of the Directors has invested in Candy Bars for the staff. A sure sign that things are looking up on the financial front! LOL
-40%. Now, that's confidence in a an great company that's been up and coming for the last 3 years, 'unabated'! It can't be that much longer before we hit all the Zeros? The next stage is, and I said it sometime back, is that the company is borderline worthless so what happens when the BoD try to get the next stage under way? There's no money! They will spin a few more yarns as to how great it will all be and try to get some funding, but it won't work this time! But still more people will throw money into this 'Wishing well'where the owners will just pocket the proceeds. Once the (Blinkered)investor's stop pouring money into here, they will realize that the company can move no further and close it down. If they have rinsed out as much cash from us as they can, they will probably retire on the proceeds or perhaps if they are the right side of 60, try to set up something else for 3 years with the same old spin just to suppliment their Pensions.
Folk are getting so much wiser on this Forum as to how these guys operate. How long before Legal Boys latch on and 'Pull the Drains' up? If they don't, they should do. Surely there are a few whistle blowers out there?
I really don't think that any more fund raising will amount to much now. There's very few buyers left and anyone who has been reading this Forum will be a lot wiser as to what has 'allegedly' happened to all your invested cash and the returns that never materialised.
It's a sad old state of affairs and whatever Regulatory news comes out with fresh propsals, needs to be taken with the contempt it deserves. Should anyone wish to invest on new information and 'promises', I would wait and see if anything actually happens before parting with your cash, that gives credibility to such actions/proposals. In my opinion, it's best to wait and see if the Share price actually shows signs of increasing and stabilising for a while before you dive in with high hopes.
If it does take off, you may lose out on the initial increase, but if it doesn't, you won't lose anything because buyers have had the sense to wait rather be Hoodwinked into parting with cash that (looking at past performance)will be worth significantly less than their buying price when it all goes wrong.
The winners will be the BoD once again, but when the decide they can't screw us out of any more cash, they will probably fold. It has been Milked down to nothing!
The Board could start making the company work properly and get into proper production by liquidating any assetts and using that cash, that's assuming they actually have any assetts! However, any cash from assetts will be absorbed BY the BoD again and or used to pay off existing debt,yeah right!! My guess is, they won't pay off outstanding anything and syphon the money into areas we think we know already. Blink and it will all be gone!
I reckon the Board are of the age where they won't want to be bothered in doing anything much now except count their cash and retire. After one reaches c55 I think that in many cases, new ventures are out. It depends who you are and how fit one is! It's unlikley happen.
Unsuccessful it is :( You would have thought that since they have been in business for 3 years or so, they would have produced and sold something even if it was a 'Hod of Coal'. How close are we to actually producing anything by comparrison to this time say, 2 years ago? Nothing much has changed apart from the amount of shares in issue. what does that tell us?
A new person on the board with drive and the where-with-all may have be able to get this going. Even so, it will cost. If we are diluted down to the last knockings, where will funding come from if a new guy steps in and needs to power this along? It will cost and FLPC has very little money available........unless they issue more shares....which will once again, be absorbed in costs. It goes round and round in circles but things can change if they put their minds to it......before it really is too late. Not nuch light at the end of the tunnel yet, folks.
Quite rightly so! I would just get on with my job and continue to work out how I'm going to make my next few grand. They must be running out of ideas by now so they'd better get Blasting, drilling and crushing, then get selling.
The tone of the Board has changed somewhat. Won't be long before D.N reads this board and reports all this to the other Directors. There's going to be some 'squeaking bums' going in those offices soon. Wonder how it will be handled if they do read these posts........or will they just ignore them until the dust eventually settles?
Actually, there won't be any dust because they're not producing anything to create it! Damn, almost forgot. lol
If you had a Pic. of all the Ore on the ground, you would want evidence to see who is buying or bought it, a legitimate Invoice as well as the (genuine) official order and after that, the Entry on the accounts sheet to say it was sold, who to and how it was paid for.
I reckon that's asking far too much from a company being run in a professional and business-like manner!
Cripes! so, someone is purporting that 'Don the Con' is a Thief now. Does anyone here really and honestly think that this BoD consists of Theives and Con Artists? Don't all shout at once! If they had 40 staff, then it could be a different matter, LOL. Anyway, of course they're not.......how dare people accuse this business of wrong doings and scams. I would still like to know where all the investor's cash has gone and how it was 'invested'.
Despite all this conjecture, why is this company still not producing and making a profit........after all these years! 'Answers on a Postcard', please. NO libelous comments though, so I probably won't get any!!
Pitman33:
I think it may a bit late now. After 3 years or so, they would have done it by now and let us know in detail what has been set up to ensure their Shareholders have something to look foward to and to maitain their profile with the veiw of making money.
I can see your point though: The more business they get, the more they make. It makes little logical sense to run a 'scam' when they could benefit more by going all out to make it succeed. However, this company is NOT succesful, nor succeeding as this would reflect in the share price! Why then, is FLPC in business at all? Is it an easy way to get money to boost their coffers, and is it too much trouble to make this a bigger more succcessful business? The simple reason could be, there would be too many partys involved and consequently be obliged to keep the company going and honour contracts. It makes it unecessarily complex.
If they didn't honour contracts, they would be in Breach and sued which could result in company closure if said company has insufficient funds to pay. Perhaps it's easier to set up a 'smaller' concern, screw from it for what you can get without having the hassle of complicating the issue with too many loose ends to have to tie up and fewer people involved down the line. Keep it simple; the simpler it is, the fewer questions can be asked and you would have less people beating a path to your front door.
Many small companys set up across the globe, get the cash in from scams, then close it and move on to the next venture. The companys are often 'Boiler Room' Scams that costs virtually nothing to set up. That 'company' trades, then 'goes bust' or simply closes down leaving people high and dry for goods that never existed! They can perfectly legally, set up elsewhere under a different name being run by the same people and they can't legally be touched unless you get the obvious misuse of funds or embezelment in large organisations such as Banks.
I can see what 'BEWARY' is suggesting here, but he is only trying to help you guys to ascertain exactly how your money was used, where it ended up and was it beneficial to the Shareholder's? If the shareholders were getting a good deal, the Share Price would be much higher than it is now! Many of questions which should have been asked a long time ago because such a constant and diminishing SP surely would have rung some alarm bells?
Whilst I have little cash to invest these days, I nearly had less because I left two $20 Bills in my back pocket and like an idiot, put them through the wash, but they did come out ok and when I pressed and dried them, they looked like new! I will have to be a bit more careful these days and drink a little less. LOL
Where has all the input gone from previous placings that has been seen to be implementing ANY production other than funding astronomical costs (including wages)that keep the company ticking over?
As yet, I do not know of any benefit to the Shareholders that suggest that FLPC have actually done anything to advance the production of any minerals so we have a time frame that suggest " we will be selling our product in 'X' months". There are NO sales of anyTHING! FLPC is just a Piggy Bank which where you put money in to it but later when you come to open it up, someone else has got there before you.
I believe this company was set up as a diversion with no intent to produce. After 3 years or so, something would have been happening by now. We also know that it takes some long time to set up such a company with plenty of proposals to produce, but enough to pursuade the Punter to part with their cash through words of expectation. This is why people wait years for a company to mature, but at the end of it, money has come in (via placings.....you can see them listed) and before now, people have been happy to sit and watch their investment dwindle to nothing. It begs the question why, and the answers are coming in thick and fast. I note the plausability of 'BEWARY's' recent posts which highlites many salient issues as to why this Shareprice is where it is.
First Liberty 'Power' can be a little ambiguous: "Power corrupts and absolute power, corrupts absolutely". Think about it.
As they say in gambling, the Bookie never loses and this company has a few Bookies.
JOTUK
You mentioned that PPA has been touted here with Don & Voaden. I'm sure this will be deleted, but hey-ho, the names are below. I'm sure there's only ONE D.N....the same one that's now on FLPC!?
Here is a snippet of a 2008 proposed acquisition signed by Don and includes Voaden's name at the bottom of the page, so we do of course know that these two guys had a good business relationship.
(NOT Relavent to FLPC)
Your Board of Directors considers that the Acquisition, the Fundraising, the
Consolidation and the amendments to the No. 2 Scheme are critical to the success
of the Company for the reasons stated above and accordingly are in the best
interests of the Company and most likely to promote the success of the Company
for the benefit of its Shareholders as a whole....Yadda Yadda!
Yours sincerely
Don Nicholson
Chairman
Pan Pacific Aggregates Plc"
Enquires:
Pan Pacific Aggregates Plc
William Voaden
'Don the Con', summed up in 3 simple words. Sooner or later they will realise they've been rumbled. It took a while but they won't be answerable to anything simply because the company is being run 'above board' whether or not they could to taken into account for their 'mismanagement' actions, I don't know. Mismanagement is not illegal. Setting up a company for personal gain and not producing anything to sell AT ALL spells to me that these guys are a bunch of scheisters out to screw the Shareholder and have no intention of giving back any value to us. The risk is ours, but I think someone should step in and take this board into some in-depth questioning an pull the drains up. There's always something to be found. Highly unlikely though. It will just fold. End of....
I think the small White Light is that from the tiny Torch of the next member of the BoD trying to sneak out from a darkened room without being spotted. At the same time, not tripping over the Pile of 'Promises' that he left behind. LOL
Hi. I see your point, but obviously they will have to have a complete name change otherwise it will be Stigmatised if they use 'First' or anything remotely connected with the current name.....as you well know!
Often is the case that a failing company disolves the business, then starts up again under a different name. Should one come up, then any potential invester has to do is check the names of the BoD and if per chance, one crops up again, then we will all know to steer clear. They will legally operate any scam again from square one and sting some other gullable investor with a pretty Website and another load of 'promises'. Nothing can be done about it, but should this one go, and it will, this entire Forum will vent their displeasure to no avail. Just keep any eye on the names from this company over the last few years, then we will know for sure what they're up to.
JOTuk6771
Re Misinformation. You spoke about misinformation. Both Don N AND Voaden worked on the same company PPA, they both work in FLPC. What a coincidence. They talked about Gold, they wrote about Gold, they also wrote about Customers from China to buy their goodies, but all in all, there are NO Sales of anything depsite them harping on about what they are planning to do.'Planning'.
The main culprit of any 'misinformation' is FLPC itself. These are the guys who are running a company with little cash input, massive costs and they are effectively leading shareholders to believe that this company will effectively produce assets so that the Shareholders will gain some benefit. People have lost thousands here and just waking up to the fact that the information, provided has deluded the majority here (just like PPA)that we are supposed to expect great things, Utter Hogwash. It was said on this Forum earlier on this company may have been set up as a 'scam' (see post 62197) but made out to be the real Mcoy. I am begining to wonder whether this guy Pitmann is on the right track? He could well be.
PITMAN33
Your post is about as accurate as it gets. My guess is the same: The whole thing may have been set up as a Charade, a front to screw the unsuspecting Investor that FLPC was going to deliver us the goods, but never did. All the glitzy coloor photo's above look very appealing to us, but nowhere can I find that they have actually done ANYTHING much at all. Where's all the Gold, when was it processed, when was it sold and for how much. Was there in fact any Gold at all?
There's no substantial revenue from the production of anything! Just costs and expenses. Does it say anywhere that FLPC have actually Mined Gold in 'X' quantity? Not that I can see. The whole thing reeks of PPA (an AIM UK listed) company run by two of the Directors who were on the PPA BoD, Don and William Voaden who milked it for all it was worth. Something here is very very wrong. Try to prove this company has been set up as a 'set up'!!
It rather seems to me that some guys here are starting to question the legitimacy of FLPC and whether or not we have all be lead on a Goose Chase. I have wondered for some time whether or not there were 'wierd things' going on in the background, so if this gets to be a little too hot for the management to cope with, I think they will fold the whole shooting match and run out of the back door with The remaining 'Swag'.
Can anyone smell any of the rats? I think I can but not quite sure. One's already cleared off, so maybe Jimmy has sniffed out something he shouldn't. Lets hope he doesn't disapear befoe he tells the tale, that's if there's one to be told!
It rather seems to me that FLPC could have beem set up as a 'Hoax' company that has potential written all over it, and that's all it has, potential without any real substance but at the same time, making certain that the 'potential' is plausable but never actually acheived. The, 'Jam tomorrow', syndrome. Like so many share sites, talk is cheap and it's the old Three B's: 'BullSh*t Baffles Brains'.
We're all being taken for mugs. They are winding this show down. Billions of shares issued and where's all the cash going? I reckon it's calculated mismangement to their own ends, Don Nicholson has been with many companys, look him up in his Executive Profile on this site. 3 or 4 years on other companys, then he moves on. 4 years nearly up here, depleted Share price to almost nothing. Nothing promised and no production of any consequence to bring in the dough. Essentially, it's nearly all over, caash flow is rubbish, so who are the winners and who will be the losers? It doesn't take much to work out what's been going on over the last few years: Monumetal dilution and no market confidence in FLPC. Game over? Probably Q1 2015. Questions should be asked because something is clearly awry in the background. It will all come out in the wash.
I feel the this Company is being used by the Management as a legitimate excuse to making money for their own ends. There are no production time frames and massive dilution, whilst the 'working capital' disolves into the ether until the next share issue. So many shares in issue that anyone in their right mind can see that FLPC's not getting anywhere fast, and with a super low share price, what do we have for the short/mid-term that says it's all going to bring you shareholder's a return on your 'hard-earned'. Nowt! It's just a vehicle for the Management to rake in hundreds of thousands of Dollars before they call it a day.
Take look at all the many, many companys Don Nicholson has worked under over the years........loads! If you dig deep enough into his background history, it makes one wonder why he flits from one to another, to another. Where will he go next after he's had enough of FLPC? Hmmm. May take W.V with him as they were on the same previous company together! As near as makes no difference, it folded! Anyone still want to 'invest' here? Crazy. Been watching here for sometime just in case I choose to take a punt but at this stage, absolutley no chance.....yet.
I see that some people seem to be having a go at poor on Willy Voaden. Just because he was alleged to have been an out an out scheister in his previous job with PPA and virtually Bankrupted the company, doesn't mean to say he's going to do the same with FLPC. (I read this from a public domain yonks ago and it was never removed). Now I am a bit wiser, I would still be inclined to keep a beady eye on how this (or any other Listed) company funds are used or misued just the same. My holding here is small, but I would like to see a profit sometime within the next year or so. I am astounded that people should be having a go at this chap when he's just trying to do his job, and I know that he will do it very well and in a professional manner. As his track record shows, his umblemmished career, shows that there has never been any legal proceedings about his mismanagement, so I trust this guy implicitly.......at least, I think I do. I keep reading all this muck, so it does make one wonder a bit, but I'm sure the guy is fine and more than up to the job he intends to do. GL All, we'll need it here. As always with penny shares, the CEO's like the Bookies, tend to be the outright winners!
Newbie!
I see that William Voaden is a Director of this company. I was a Shareholder
Of Pan Paccific Aggregates years ago before they changed to ASTA Minerals.
Many of the Shareholder's in PPA were very concerned about the way Mr Voaden
Directed the company, how badly and with alleged total disregard for the
misuse of Shareholder's money when it came to costing out an RTA which never
took place. I addition, the massive cost of legal Fees that were incurred which left the company with virtually no money and a CVA. The RTA was with
an unknown company (to us) and furthermore, bearing in mind how much a failed RTA may cost, became the final 'Nail in the Coffin' for PPA. This was all due to Mr Voaden being less than careful with what was left of PPA funds which I believe was £250,000....a pittance.
We were all under the impression (from their Website) that Mr Voaden was going to give his Shareholder's future value for money with furthering the production from the Quadling Quarry and extending it with a view to increase production. Many placings diluted our share price, but it would appear that the funds were wasted in Directors Salaries and general 'costs' which were
not in the interest of it's Shareholders. RNS's with company 'progress' were very rare and with all the cash thrown into that business, maybe only two meaningless RNS's were released in many months that told us a lot of Tosh as to what was happening, which in fact nothing of significance ever did and
were not in the interests of it's Shareholders.
When the company changed to ASTA, is wasn't long before Mr Voaden
'hot-footed' it to FLPC.
My advice to this company is to ensure that he is far more effecient within FLPC's funds, uses company money wisely, and The Company, under his Directorship, proves to prosper and succeed unlike PPA did with many furious Shareholder's alleging more than just a mismanaged business.
I would never invest here as I am all in elsewhere and any company that his this bloke on, may wish one day, they hadn't. Your choice to invest or not.