Re. Post 63330.
I think Mainesbest has hit the nail on the head with FLPC and Don 'The Con' Nicholson. I'm sure it won't be too long before they fold and call it a day. Four years is about as long as they can operate this very clever scam for, maybe five, but they will or perhaps have, run out of cash input from reduced investment as the potential investors read these posts and have become wise to the fact that it's nearly all over. There will be no Phoenix rising from the ashes, no production of anything because they won't have the available funds to get anywhere near to financing production. In addition, the Bank or any Bank won't lend them the cash because they won't have any Balance Sheet to show significant profits that would justify any Bank to stump up the cash on what could be a very 'presumptious' business plan.
IF, they ever managed to pursuade the Bank to give them a Business Loan (WITH Security!!), it would be highly unlikely that it would be used to enhance production and disappear into the same area all the rest of the cash has gone! In due time, it won't be long before they will stuggle to pay the bills for the office rent and general business expenses, etc. There could well be listing fees like the UK AIM/Stock Market of thousands of Dollars. Very soon, these costs will outweigh the input.....Game over!
