First Liberty Power (fka FLPC)

[jotuk6771]

The share price has nothing to do with the SEC Filings ... Now regarding the "strategy" , .... it changes almost every month , lol ...

To be exact , it's 3,5B additional shares the Management is requesting we vote on ... Here is my opinion, not talking about the latest statements about the merit of Lithium Claims which disappeared of the website and which we cannot afford ... :

Is this their New "Business Plan" ? ....

The main problem is : Given the current worthless value of the common shares , given almost 1B is reserved to cover the existing + new notes they certainly signed ( see the next 10Q ...)+ shares to previous LLC owners + shares to G8MI in exchange of $200K financing , there is only 2,5B shares left to sustain the operations presented below ...

As most of the Toxic Financiers are getting around 40% discount of PPS on common shares issued to cover the convertible notes, if the PPS remains AT THE GROUND FLOOR , HOW MUCH WORKING CAPITAL THE MANAGEMENT IS EXPECTING TO RAISE THERE ???

If the company is unable to obtain agreements with financiers at FIXED PRICES , we are going to raise less than $1M funding with additional 2,5B dilution and maybe even less than $500K in the worst case scenario!

A R/S now , may even be a better option in our disastrous situation !

If not , we just have to pray for the PPS to recover and the company being able to get enough working capital in order to maybe , one day , deliver some TANGIBLE RESULTS (!) for his shareholders .....
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Prospective Antimony Properties

In June 2014, First Liberty secured a 50% interest in five additional prospective antimony properties (direct ownership of unpatented claims) in Pershing County, Nevada.

Available information on the history, prospects and potential of each property will be added to the Company website as it is consolidated and validated. While resources are not immediately available to fully develop each of these new properties, they are a core component of the Company’s mid to long term strategy to secure now key antimony properties in the Nevada region. First Liberty has demonstrated to the investor community that management, and its partners, can take an old historical mine, remediate it, and bring it into initial operation with very limited funds. The Company intends to replicate this smaller scale but highly efficient model on these and other properties, and separately to fulfill the vision of opening a milling operation that will process ore into to a higher and much more valuable product.
- See more at: http://www.firstlibertypower.com/prospective-antimony-properties/#sthash.TZmpMXXU.dpuf