Successful Businessman unlike FLPC
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WRONG!!!!
I am, but you WON'T know WHY or HOW!!! LOLOLOL
This is widely known info. No reason to keep it off the Forum as it is VERY Salient info.
As you well know, Fencemaker was allegedly put on hold to 'Conserve costs', in other words, the company had almost run out of money anyway! In addition, the FM Mine was 'Mined Out' to not being economical to pursue after the mid 80s, even with up-to-date equipment.
One would assume that the BoD will have know this all along, hence it hasn't been Mined by FLPC (EVER), and no other party's were interested in a JV because they all knew it was borderline worthless to no longer being economical and viable to extract.
If itwere rich in Ore, wouldn't it be reasonable to expect Miners to be knocking on the Land Owner's door making serious offers...but they're not due to the low yield in the remaining Ore.
Wrong! There is only ONE mailing list. I e-mailed Bob and he verified it. Bad luck!!
I AM on the mailing list. Been on it for over a year for what good it is. I know another who is also on the list, and it's a waste of time as they have only ONCE in almost a year sent info. through, and that was put on the Website anyway.
Useless bunch.
There's no hard proof or evidence of the amount of shareholders left. If you looked at the SEC suspension forms, you will note that it's LESS than 300. The vast majority are unlikely to be foolish enough to buy any more shares until, and if, they make an announcement which is seen to actually be working....which is unlikely!
The chances of them mining to significance is very remote given their present circumstances and Toxic financial predicament.Not only that, they still have a whole lot of near worthless Ore.
One doesn't invest in a company that cannot produce up-to-date accounts that helps to inform any prospective shareholders about it's performance and what that company will be investing in, PLUS there's no current projection for anyone to see! As far as FLPC is concerned, long term investment with no funding, no Capital and a depleted share price, speaks volumes. LOL!
Total shambles, pathetic profile.
Whether there's a list or not, the information that filters through as do a few private e-mails to me from Bob on occasions, means nothing. All they ever send is re-written, slightly modified information as they have done for at least five years...variations of the same old misinformation time and again.
Anyone who understands how FLPC works (or doesn't work) can easily read into their ramblings, only to find out that all e-mails contain so ambiguities, it's become predictable.
All they ever do is talk with no action, it's been so visible from the outset which is why FLPC's investors has declined to such small numbers, UNDER 300, the company is no longer leads a plausible existence. They SAY, but NEVER do.
Ongoing and parr for the course as usual.
Options: Remove yourself from 'First Liberty Power (fka FLPC)' E-Mail List
This proves I am on it.
Well, it's still clearly visible how committed to the shareholders the BoD is, judging by all the communication received by the Board over the last few months! lol.
No doubt they are swanning around spending all 'their hard earned cash' like water?
It's high time these Fly-by-nights updated you guys with some good 'honest' information about what's REALLY going on, but nobody will ever really know the truth?!!
Perhaps they've run out of lies?
"Their money, their decision....their problem". A Wiley, seasoned investor would seek a share run by a diligent BoD with integrity and transparency, rather than an 'opaque' method of trading!
That's IF they resume trading. There's no PROOF or EVIDENCE they will, only the BoD's word and that's not good enough, proven by their abysmal track record of sticking to their words of little or no substance.
We shall see.
Read between the lines: "...The Company will then begin the comment period required by the SEC, as well as file the next 2019 audited 10-K, due July 31, 2019. With that filing, the Company should be fully compliant on all required financial filings.
"Begin the comment period" (how long for?).....10K DUE 31st July (Note 'Due'), then, 'SHOULD BE' fully compliant. IT now remains to be seen whether or not they keep their word. Who knows with FLPC, it could be stalling tactics yet again. It now depends whether or not they keep going for another few months, and then some after that. They cannot promise anything, so the 'should be's' its all they can say. It's all and only about Administration ONLY, but hey, it's their own silly fault for not getting their finger out in the first place nearly FIVE YEARS AGO!!
It appears to be worded as another case of protracted fiddle-fadling about with not the remotest of signs about financing or Mining...if they last that long. Be prepared for another year of nothing much at all, but who knows. The news is old now anyway?
(Would be keen for you Silve, to outline exactly what 'success' FLPC has had that would encourage Investors to return to FLPC?!!).
I think the Directors themselves have probably been VERY successful!
"Sherlock thinks he’s uncovered some clue about FLPC but doesn’t realize that the shareholders know as much or more. So all that’s left is false accusations and slander and libelous accounts to prop up the pretender"
WRONG!! I didn't uncover it, it was reported by a reputable Share appraisal site, so Mr Dumbobdonut, you got it wrong!!! I'm just saying what's already been written!!
I even put it here on the site. Shareholders know much more, or so you think. Well, maybe which is WHY the majority of shareholders have fled, simply because they know enough or more to justify NOT being here AT ALL!!! LOLOL!!
All that's left are the dregs (mostly). I'm not including RJB who has a more balanced view than anyone on this forum that writes in with fair and reasonable comments!
All thieves deserve Libelous comments IF they have done wrong and stolen people's money. Not saying the BoD are Thieves, but they could be rogues and scoundrels. Most CEOs are and we have them over here too. A few often Migrate to the US and other countries.
Ha ha! Not now, no. They mostly sold and cleared off to something a bit more genuine.
With regard to 'misappropriation' of shareholder's money, it's more of a mystery than anything else, so I wonder if Bob would actually mention to you what happened. I think you have the right to know. You will only find out IF and when the 10k Filings are released. As mentioned below, if there has been $2.6m paid into the business for 'development', but they were not prepared to discuss it, plus it's not shown on the Filings, it would be unfair to Shareholders that the funding was not mentioned on their Website?
It will then beg the question why not, and they must give a good reason for releasing news about the 'loan', but then finding that it's disappeared without trace. If this cash was to further the company business and it's not around, why release the news about it in the first place. I am wondering whether any loan or funding ever actually happened at all, and in my opinion, it never came about and was purely talk?
Wasting money again on false pretences!!!
Zero revenues
$362,069 operations loss
$1.5 million market cap
$28,470 cash
$1.5 million current liabilities
It is unknown how the company will fare in the near future, as it promises to put to market several minerals with the “Mined in America” the central feature of their products. The latest press release from FLPC is the promise that antimony mining will start soon, and that lithium, uranium and others would follow. It is unknown how the company has managed to secure the "$2.6 million funding that was mentioned in its press release, but there is a mention of an upcoming “structured finance” deal for a total of $3 million. Given the company’s lack of revenues, such a line of credit may be exchanged for shares, at the danger of dilution and insider selling.
PROOF staring you in the face. NOTE the words IN ITS PRESS RELEASE. FACT.
The case of FLPC is a reminder of a previous mania among penny stocks, the US-based mining of graphite. It turned out the projects were not feasible, since the potential for US-based mining was too limited to make a dent in the gigantic imports. The likes of Graphite Corp. (PINK:GRPH) shot up several hundred percent, only to wipe out the gains when the paid promotions for the pack of companies fizzled out.
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.
FACT
I had one of those 'Crystal' Balls, except mine was made in Japan, not China like yours maybe? It showed me images of BoB and Don sitting at a table drinking champagne on a sun-soaked beach surrounded by pretty girls. Must be the money?
Japanese Crystal Balls are generally quite reliable, unlike the Chinese versions which often give false and misleading information.
Aww Shucks, all in the fullness of time. I won't be posting anymore this week as I'm too busy earning some decent money! I have masses of work to do all week!
Here is a clip from a 5 year old editorial. You will see how 'yada yada' went on with not ONE SINGLE shred of evidence that anything came of it. It proves how much of a failure that it all was then. Read it carefully and you will see how much 'talk' is involved, but no doing at all. It looked good but was in fact meaningless innuendo as it as intended!
"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.
With more than 500 metric tons of ore currently loaded for transportation, FLPC has established a first stage (BS) plan to have the raw ore upgraded to a 50 to 60% concentrate. The upgraded ore will be sold and shipped to SHACC for further refining.
"While we continue to move First Liberty Power forward in many areas, the company's main objective remains to achieve initial revenue within our second fiscal quarter ending January 31, 2014," stated FLPC CEO, Don Nicholson. "A key component of our mid-term strategy is (more BS) to be able to refine ore through to finished products in the USA. That will require a transition phase of generating the cash flow to finance such operations. With the offtake agreement in place, we are moving toward that scenario. Our expectation is that the first container will be at the shipping port by the third week of January with regular shipments to follow. More details on tonnage and concentrate levels will be provided over the following weeks, as transportation and concentrating costs become clearly established."
The Company's announced timetable of shipments will also require an escalation in Fencemaker mine blasts, beginning in January. Additionally, there will be intensified BS efforts to complete the permitting process for the planned mill site in Lovelock, Nevada to localize ore concentration".
On paper to the uninitiated, it looks good. To those who can read into it, there's nothing in it at all. It's all total rubbish. Evidence of 'small talk'and 'no work' ever took place!
Well, where has $2M gone. The FACT is there's NO MONEY. The didn't Mine, now they are at least $3M in the RED and have had significant debt for years.
In my book and many others, the FACT that they have no money is good enough for me to assume that The BOD has taken it. If not, where did it all go...yet another reason for not submitting any Filings as everyone will know the TRUTH as to how they managed to 'get rid' of all the dosh! LOL. All expenditure needs to be logged...ACCURATELY. They 'Lose' Money in very convenient ways of paying vast fees of consultation to make it look good. They have TAKEN all your money. OBVIOUSLY. !!!!!
They are clearly a BUNCH OF ROGUES who have consistently ripped off the shareholders with their lies and innuendo.
For a company that has achieved NOTHING over 8 years EXCEPT Debt, it is a very clear case that the BoD are the ONLY people with access to the funds, in which case, if they haven't got it, who has. Don the Con and Bob the Rob.
THE PROOF IS THE DEBT, SO PROVE OTHERWISE. IT'S VERY CLEAR THAT THE SCOUNDRELS HAVE 'SHIFTED' IT IN THEIR FAVOUR.
They've had about seven years or so of doing that, so I reckon they are well greased by now. They don't care about the shareholder, they've already filled their boots!
I seems that you and ECHO are realistic and have without doubt seen what this company is like and what it has done for the Shareholders, which is fleeced them from the start.
What will happen next, we don't know. The BOD claim they are 'working hard with the Auditors to complete the Filings'. Perhaps if the real truth were known, the Auditors are not much further forward then they were 2-3 years ago. Thing is, they won't talk to anyone except the CEO as it is private.
In addition, it appears the BoD say they've been 'Working with them' for years, so can you imagine the costs that's involved when the bill finally lands on their desk. My guess is, they will leg it and file a Chapter 11 or just close the show down for good?
The Financials are NOT completed, had they been, it would have been announced by the BoD on this Website and ALSO on their facebook page. There is NO POINT in buying 'cheap' shares. Putting it another way, a CHEAP share is only cheap if it makes money for the investor. This share is a LOW price for a reason, and in a Nutshell, it is because this company is NO GOOD and has no significant funds, sales or Mining!
I have no agenda to pick up ANY shares here, especially as they are not Trading because they are delisted. Anyone who tries to trade on the PINK, is facing huge and probably instant losses. Anyone thinking of doing this is foolish and on a hiding to nothing?
Should FLPC ever come back on the OTC, the shares may rise on the very fact they came back, THEN it will plummet. As I keep saying, there is NO TANGIBLE BUSINESS PLAN, and if one was ever produced, it needs to be seen to be WORKING and without cash, it cannot possibly work as the debt is so high, who on Earth will lend them anything at all without substantial security as collateral to indemnify the lender?
I have been in business on my own for 30 years and I know how the Banks work and I know they LOVE Security. I even offered them $6K from my private Pension payout 9 years ago to keep trading and got through hard times by using my head and business acumen and it's paid off. The FLPC BoD are playing tricks on you guys, so until, and if they ever come back, don't believe a word of what they tell you until you see it in REAL action with proven cash flow from sales AFTER processing any Ore and seeing the order books.
IT IS NOT GOING TO HAPPEN anytime soon. If they DO 'Mine', a few detonations doesn't qualify that as Mining until the whole lot is sold and further sales follow. Get it?
Read between the lines, I know what he means!!!!
I keep telling him and posting the PROOF, but it appears to fall on stony ground. FLPC has been defunked for ages, but the BoD keep making announcements that will probably never be. If the current investors are not realists, well that's their problem.
Can't say they haven't had plenty of warning. I assume you are not or no longer an investor. I nearly was way back, but when I researched the company, I could easily see whet their game was?
Now, they are 'Broke' so they cannot possibly Mine with no investment or perhaps $50K in the Bank (Guess). That will last a month or two and that's for the Hire of the Plant!
Whilst a Share has been delisted, it is not impossible to trade it on the Pink Sheets. The difference there is that the OINK is less regulated than the OTC, so the Pink is more risky.
Direct the message to Waxman. He denies that any investigation ever took place. Now you have confirmed it, so that's two correct facts against one incorrect statement!! LOL.
I didn't say he did. He was hired as 'Consultant' and 'advisor' and advises Tea leafs how to go about their businesses.
PROOF IN BLACK & WHITE that the SEC Investigated FLCP.
it is an INVESTIGATION. It is about the Failure (which in their eyes is WRONGDOING). Had they not failed to comply with the SEC requirements, they would have not been investigated. FACT
Whatever you say will not change the FACT the FLPC has undergone and SEC INVESTIGATION. Like it or not it's all written below and you won't change it with your denial that it's happened.
LOLOL!!
https://www.sec.gov/litigation/admin/2018/34-84169.pdf
Not hand-wringing but constructive comments about the plausibility....feasibility of how/why they may or may not continue. It's down to the BoD to prove to everyone and actually show them they are working with evidence of PHYSICAL work rather than continually saying what people want to hear but without following it up with tangible proof of any physical actions?
It's now up to them now, but it's dragged on long enough (years), of doing nothing for the real benefit of you guys. The sooner they get to working properly, the more positive comments will appear on the forum, even by JBDONUT if that's ever possible? Ha!
One minute you sing the praises of FLPC, the next, you say they are rogues and thieves. You cannot seem to make your mind up...perhaps change your brand of 'Cigarette'?
The only record here that needs changing is the FLPC track record which almost certainly can't be changed. It's stuck in the same groove. Yes, I know a record has only two grooves, but FLPC plays the same tune of both sides.
"Road to nowhere" Talking Heads.
Often, Penny stocks can surprise although any 'lure' needs to be back up by facts, and those facts need tangible evidence of actual proven plans rather than supposed plans.
"FLPC is still in business, communicates with shareholders and via their website provides updates on their business plan"
1. Yes, they are still in business.
2. Yes, they communicate and place updates on the site.
3. BUT, there is no visible business plan with an credible content backed up by PROOF or EVIDENCE there actually is one. They don't yet convince me they will do what they say they might.
Investor's play the waiting game 'ad-infinitum'. May as well sit it out until the end...or perhaps the beginning of the end?
Yes, many better opportunities out there from reliable companies that have a proper business plan, money in the bank and a decent portfolio of sales and production. Plus a good share price that fluctuates nicely for the seasoned Trader.
Never believe a word the BoD say until they have PROOF, EVIDENCE and FACTS of WRITTEN confirmation about Lending and a proper date they can adhere to IF they ever start to Mine.
You won't see it with this company until they confirm there's money in the Bank to actually Mine. I'd want to see a copy of the actual Lenders note as PROOF they have lent FLPC $200 for a few basic tools like spades and shovels, plus a couple of Pick Axes! LOL
I already had this on an e-mail last week and replied to Bob to which he didn't respond. However, I'm not surprised because I told him that effectively, all he's written is load of rubbish that will never come of anything, and he didn't answer all my questions, simply because he could not offer EVIDENCE of HOW, with no money or Lenders, they will progress with anything except WORDS... just like FLPC has done for about 7 years.
Don't believe a word of it until they actually stop TALKING and start Working! It's just a lure to try to attract people to Invest in what are false expectations. I think now, that most have learned the lesson that 'All that Glisters is not Antimony'.
I can only wish you the best of luck.
The BoD are working from a Virtual Office, all they need to do is what you and I are doing...tapping out texts on a Keyboard. It is possible that the 'plan' they claim they are hatching, maybe sufficient to pump the share price so they can sell their own stock, then get out. If they do, you may have a chance of selling your stock...or not as the case may be, otherwise the whole lot will crash further.
If a delisted company comes back, it may well reflect well on the Market and in itself will create a rise. To get anywhere at all, you need to see the color of their money of they claim Millions is allocated. To put it in perspective, I can go My Bank and they will 'allocate' $50,000, but it doesn't mean to say I will get it....!
GL
That's what he wants you to believe. Phone calls are cheap and so is talk. Total BS unless proven otherwise.
There's nothing that you can do except wait and see if they will lift the 'Delisting'. According to others on this Forum, Bob is accepting calls and tells everyone that they have a plan. I'm sure they do, but they need to tell you what it is! You will have to ask him to be specific and give you 100% Guaranteed assurance they will come back online and ask for a fairly accurate time frame as to when you can expect it. If he won't explain it, then I would 'let fly' at him and tell him a few home truths about how he has obviously scammed his shareholders, that's if you can get some words in before he cuts you off?
You have his home address, so you even write to him by Signed For mail if you feel strong enough about it, failing that, call the SEC and see if they will investigate the way they've conducted their business. I have already set of the inquiry but have heard nothing back. The reason is that FLPC is small beer and if you read their disclaimer, they have covered themselves against most eventualities.
If that doesn't work, try the legal guys within the SEC and talk to them about 'misappropraiton' of shareholder's money as it would be your reasonable opinion that FLPC was misusing funds to their own ends and with all available information, it's very clear they had no intention to Mine and draw the investment cash for themselves. It would be a long arduous task to compile every reason why you feel there has been wrong doing. I know of one person who is sorting his financis out in order to in due course, pay for legal assistance to bring a case against FLPC. It will take ages with no g'teed positive outcome. I can't tell you the name of the person, but I think the person will do it eventually with enough evidence. The only problem is that FLPC has contacts in many areas and not just average people, it goes much higher and if this person does get going on this one, the person could very easily disappear without trace, so the person is worried about how far to take it?
Legal channels is the only real way to deal with these guys, if it doesn't work, there's nothing you can do except bite the bullet. Shame :(
Hi Pitman, I thought you'd chosen to throw in the towel?
What's happened is that FLPC failed to comply with the SEC's time lines for Filing the Accounts, just as they did to the Canadian stock exchange. The SEC set up an investigation, contrary to what Waxman thinks, and gave FLPC about two weeks to get their act together and respond to their questions as to why they hadn't come up with the reasons why they defaulted. Also, this was to do with the failure to supply the 10K Filings which have been unaudited for Public Viewing since 2014/15!
The SEC said that if the didn't offer satisfactory reasons, they would revoke all their Securities and prevent them from Trading. Whilst FLPC claimed they were 'working with the auditors' to get the filings completed and released, they also noted at the time, this would be very expensive, but the Filings were expected/anticipated ready for April LAST year. Most of us new they were fobbing us off yet again with more BS.
This has been a shambles from the start (as you know), and as a company, FLPC is now in a worse position than ever with at least $3M in the red. The fact is, that FLPC have blown all the money they had on whatever, claimed they were being allocated $2+ Million, but it never materialised according to 'Hotstocks'. They have very little money in the Bank now. But the SEC will not allow FLPC to trade as, being a Public Listed company, the potential investor has and does not know the TRUE Financial position of FLPC although it's fairly obvious they are skint.
How can Joe Public even begin to consider buying shares here if they don't know how the company's performing. Many Market watchers have stated that FLPC has claimed a number of things to do with Funding, but no cash ever materialised except £2M a few years ago which never saw the light of day and the BoD refused to talk to the Markets to explain where it came from and it was never mentioned on the forum/Website which HOTSTOCKS thought was very odd. In so many words, they were warned off investing in FLPC as it was so full of ambiguities, the Investor hadn't a clue what they were up to...(No Good is the easiest way to describe it?!).