First Liberty Power (fka FLPC)

[jjphillips]

It's a touchy situation.

They don't appear to have enough remaining shares to secure their debt given the current pps and trend.

On the other hand, the company has told us (and Jimmy has told me) that the dilution is going to end soon.

I suspect the plan is as follows:
They're waiting for the market to settle down and for all the issued shares to be sold off (it's possible that there were some issued recently, as there was a note due recently, I believe). Once the market stabilizes, they will start releasing news. As I understand it, there is a lot of news in the pipeline that should be coming out over the next month.

They need enough AS to guarantee their investors will get paid back, but they believe that the pps will appreciate over the coming months as they update us on progress and their plan moving forward becomes more clear. Should the market become more favorable, their need to tap the AS lessens.

A/S and O/S going to 3B eventually, well that's simply just one scenario. We all know failure is possibility, and that scenario could play out if the company fails to get to revenues. There's other scenario's, however, that point to a much lower O/S in the long run.

Let's look for some news soon!