To all fellow FLPC Shareholders : Looking at this summary ,assuming it will not fall below .0012 / or run like a beast before next friday , the conversion price for the Notes due december 4 and 5 ( The price taken in consideration on which the company is calculating the amount of shares they have the obligation to issue to Financiers, as per agreement ), should be around .0008 , as the stock failed to recover during almost 1 month without dilution...
Total $ Notes / dilution Dec. 4-5 :
63000 + 84000 = roughly / $150K > 187M shares
That's the result of a PPS as this low ... Thanks to all who stacked at the ask on such low volume days ... and , too bad the company didn't released any News during the last weeks , except a failing agreement on Arabia ...
In comparison , the $287K Note due on Dec. 18 will only cost us around 20M shares because of the fixed price of .015 , as per agreement ... (Tonaquint)
If you want to avoid such insane dilution for 150K funds raised , stop flipping it for 2 ticks and slap that ask , the valuation is extremely low at these levels ...
If you prefer to follow this kind of advice : "As for me..Buy/Sell...Sell a couple million at .0015 and buy back at .0011...do the math...the lower it goes...the more shares you have the less you need to regain what you have lost... " , then be prepared for the underground of OTC trading ...
If you want to see this stock ending at no bid and your money locked in for maybe months or even years, this is the Best Way to play it ... I'm ready for any scenario though ...
Please don't come to complain about the dilution in this case ...
Wishing you all a great weekend ! ,0)
Cheers!
