Pitt,
As a fellow long, I concur with your sentiments. I really don't know if it is just inept leadership or willful deception, but this management team is severely lacking. It almost seems like they have a long-term goal for the company, but no solid short-term objectives to reach that goal. Each time they have laid out a plan, it has not materialized and there is no follow-up as to why they dropped that plan and moved to the next scheme. When Fencemaker open, I was excited as FLPC had moved from an exploratory company to an actual mining company. Then, without informing shareholders, they closed down production and went silent for months. When they did start talking again, the new plan sounded feasible, so we longs averaged down and stood behind management once again. Since then, old plans kept evaporating and new plans were laid out. Remember the gold mine that was going to make us run-up again? Yeah, dead in the water now.
Now, we are at .001 and it is not looking good. The pumpers are still telling us it is a good time to buy, just like we heard at .06, .05, .04, .03, .02, .01, .005, etc... Well, with the current dilution planned, I cannot fathom it staying above .001 much longer. Of course, when it gets to .000X, we will hear how it is a great time to buy -- great stocking stuffer for the kids/grandkids.
As the great G.W. Bush once said: "Fool me once, shame on you. Fool me twice, ......... you ain't going to fool me again."
