in reply to chickenvestor:
Of course this would have had a "chance" if china stepped down..................i'd even say a moderate to good chance of this stock going to double digit pennies <above 10 cents> of an anouncement of drilling...........
That has never been the issue with me on the "what if scenario"...keep in mind.....I personally still own the stock even though i consider it a dog with an unlikely turn of events making this the lottery ticket i hoped for...........I originally bought it pre-china bullcrap..........strongly considered selling but like a fool added more around a penny or so thinking they would reach a compromise..............
All events and history in the past 3 years has shown china to be a strong agressor carrying out their strategy of unilateral control and rule without compromise..........all you have to do is look at the vietnam situation going on today and daily........and this agression is towards another communist country.........
maybe theres a political oversight on my part.maybe philipines have a slight edge over being overtaken compared to vietnam where drilling has begun in vietnam by china............maybe they are somewhat fearful of the united states navy getting involved in the philipines and therefore decided to drill in lonely vietnam first...................
we have a slim to none chance here,,,,,,,,but theres also the variables that fep.l can somehow find oil in another region and recover from having MOST of their eggs in sc72/reed bank.............maybe fecof at .062 is a better longshot than it was at 2 pennies since they still have galoc to keep them going for some other deal. Its a matter of perspective....and even if you think its a good bet at .062 and undervalued, that still doesnt mean this stock will ever represent its true value.......these board members can take it private at anytime for less than what you hoped for. Welcome to penny land, and geo-politics.......good luck to you.
p.s.......manny lied to us a year ago saying they were still in talks which is beyond stretching the truth,,,,and then forgetting to mention that china was offered a chunk of fep.l and they refused........................those are big issues investors had the right to know about earlier when the stock was still around 2 pennies.........hes a scummbag no different then some of the prostitutes that roam the streets down there.........he just charges more
