Waxman: It appears that you are 100% certain that FLPC will come back bigger and better than before? In order to be sure this is going to happen, you MUST know some inside detail as to the in-depth proposals which FLPC has finalised. Fair enough, but I say finalised, because one cannot be sure about anything until all the paperwork for the "Restructure" has be ratified. Only then will you know the company is set to 'Rise up' and carry on.
As BeWary says, because there is no money, fundraising will be vital for success and this success won't come if the BoD Fritter the funds away on 'things' and claim the business is unsuccessful in a year's time. If for example, they raise $5M they must know WHY they need this money. This also means they should have a business plan with substance, contacts/contractors ready to move in and get blasting. The business plan must be 'flawless' to prove to the lender that they can pay it back in the future. If fund raising comes as Placings, Dilution will create more noughts on the SP and he is right in saying that anyone investing is unlikely to make money. Assets if any, will not be enough to bring about any change here, there's nothing to liquidate.
Await the 'New' FLPC and it's proposals, research the plan and dissect it for ambiguities. It should be easy to do. It has to be set in concrete for this company to get succeed but it will not come with a guarantee. IMO, FLPC will become something else or part of another company which may not be listed here. 5 years losses tells me that the Management aren't that good in running a business but pretty good at spending all our money. I say 'our' because they had $1200 of mine :(
Let's see how they write about their new 'Fool proof' plan and see how many newcomer's they can reel in! GL all.
AI
