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To me, the question is not will they eventually drill, it's how long can FECOF hold out financially.
I believe the nail in the coffin, so to speak, is that the moderator has left the building....
So it was a personal perspective.
As you are aware, many people on this board have been holding for 15+ years. You are not scaring or persuading anyone.
Thanks
And you know this based on.............
Unofficial Election Results
https://ph.rappler.com/
These articles show some of the turmoil in the current Philippines election process.
https://www.manilatimes.net/2022/04/10/opinion/editorial/painfully-high-fuel-prices-may-hasten-green-pivot/1839527
Yes it appear while I was not paying attention, the Philippines got woke and swallowed the Green Cool aid.
It looks like the former dictators son is going to be elected, at this time. He is pushing wind instead of oil or gas to "fix" the country.
This is the third time in many years I have gotten burned by this stock. I am out, out. Good luck to all.
Whats you take on this?
Cant find any other news on this, but suspect that this may have something to do with it:
https://www.manilatimes.net/2022/04/07/news/national/marcos-sees-ph-as-producer-of-wind-power/1839150
Not sure how this is related to FEC Resources?
Eagle trades under FECRX I believe.
Kinda like FECOF
I'm hoping Irish has something.
Wow, all I can say is something "fishy" is going on.
I am not savvy enough to look at the trading pattern to see if it reveals anything. Does anyone want to dissect it, (assuming there is a pattern)?
From Seeking Alpha. I don't know how accurate it is.
FECOF
Risk
Short Interest
0.02%
Shares Short
24.12K
Days to Cover
0.06
24M Beta
-0.06
Altman Z Score
-
April 30, 2021 510 Burrard St, 3rd Floor
Vancouver BC, V6C 3B9
www.computershare.com
To: All Canadian Securities Regulatory Authorities
Subject: FEC RESOURCES INC.
Dear Sir/Madam:
We advise of the following with respect to the upcoming Meeting of Security Holders for the subject Issuer:
Meeting Type : Annual General Meeting
Record Date for Notice of Meeting : May 26, 2021
Record Date for Voting (if applicable) : May 26, 2021
Beneficial Ownership Determination Date : May 26, 2021
Meeting Date : June 30, 2021
Meeting Location (if available) : Vancouver, BC
Issuer sending proxy related materials directly to NOBO: Yes
Issuer paying for delivery to OBO: No
Notice and Access (NAA) Requirements:
NAA for Beneficial Holders No
NAA for Registered Holders No
Voting Security Details:
Description CUSIP Number ISIN
COMMON 30246X108 CA30246X1087
Sincerely,
Computershare
Agent for FEC RESOURCES INC
Stirred up a couple of folks on another board. Encouraged them to stop by and catch up.
FECOF normal daily volume 175,000 shares. Todays volume, so far, 8.8 MM shares. Somebody knows something.
Glad to see you.
Any insight as to the movement?
Time to wake up people.
I am curious as to who he thinks, (or knows), is going to back up his rhetoric if China decides to call his bluff? Any thoughts?
And we have some movement........
The political climate in the Philippines is changing. I assume that Duterte has seen that China was just going to delay the drilling until the Philippines ran out of natural gas and/or bury them in debt.
Will the Philippines now look for a new player to explore the gas fields? Does anyone think that this will somehow change our position?
Not sure if this helps or hinders at this point.
https://asiatimes.com/2020/06/chinas-sea-moves-drive-us-philippines-back-together/
I received the offering through TD Ameritrade yesterday. The potential shares are showing up in my "Unrealized Gains".
I know it as Forum Energy and that is what it is referred to most of the time on this board.
Get off your high horse.
What the hell I'm doing on this board is I am an owner of FEC shares.
FEL is not a listed company on the NYSE.
Ok, I'll bite. Who is FEL ?
I have not received the Prosectus and I am unclear as to whether I should participate or not.
Irish,
I sent you an E-Mail regarding the March 29 2019 Annual Report on Cedar. I was questioning the legal connotation of the following statements;
------------------------------------------------------------------------
" As a Foreign Private Issuer, We Are Exempt From a Number Of U.S. Securities Laws And Rules Promulgated Thereunder And Are Permitted To File Less Information With The
SEC Than U.S. Companies Must. This Will Limit The Information Available To Holders Of Our Shares
We currently qualify as a "foreign private issuer," as defined in the SEC's rules and regulations and, consequently, we are not subject to all of the disclosure requirements applicable to
companies organized within the U.S. For example, we are exempt from certain rules under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"), that regulate
disclosure obligations and procedural requirements related to the solicitation of proxies, consents or authorizations applicable to a security registered under the Exchange Act. In
addition, our officers and directors are exempt from the reporting and "short-swing" profit recovery provisions of Section 16 of the Exchange Act and related rules with respect to their
purchases and sales of our securities. Moreover, we are not required to file periodic reports and financial statements with the SEC as frequently or as promptly as U.S. public companies.
We are also not subject to Regulation FD under the Exchange Act, which would prohibit us from selectively disclosing material nonpublic information to certain persons without
concurrently making a widespread public disclosure of such information. Accordingly, there may be less publicly available information concerning our company than there is for U.S. public companies."
-------------------------------------------------------------------
And:
"Our Security Holders May Not Be Able to Enforce U.S. Civil Liabilities Claims Thereby Limiting Their Ability to Collect on Claims Against Us.
We are incorporated in Canada and the majority of our directors and officers are nationals and/or residents of countries other than the United States. All or a substantial portion of the
assets of these persons are located outside the United States. As a result, it may be difficult for you to effect service of process within the United States upon these persons. In
addition, there is uncertainty as to whether the courts of Canada would recognize or enforce judgments of United States courts obtained against us or such persons predicated upon the
civil liability provisions of the securities laws of the United States or any state thereof, or be competent to hear original actions brought in these countries against us or such persons
predicated upon the securities laws of the United States or any state thereof."
Great. Sends a message.
Meeting is Tuesday the 25th of June.
Hopefully you have already voted no to all with your shares.
Just received the voting instructions for the June meeting. I do not understand why Paul Wallace is still on the ballot for Director. There does not appear to be a sufficient explanation of why they want to move the Corporation registry to BC. What justifies this expense? What advantage(s) does the Corporation stand to benefit from this?
Is anyone going to the meeting?
I have no insight into the oil and gas business. Perhaps someone knows an attorney that could draw up a template of sorts that would get their attention? Then we could all use that.
Thanks