so, Bob Reynolds has spent $17,000 of his or FLPC 's money of which there's little left in the Coffers. There has to be a twist here: Bob know's something will happen here very soon and he know's that he can make money as a result his new shares. Not by selling them, but it's most likely a ruse to encourage further investment on the pretext that something 'big'is in the Pipeline.
This guy is not stupid, so will it be the sale of the Antimony that he has bagged ready to sell? Unlikely because there is nowhere to process said Antimony for a viable extraction percentage against processing costs. Maybe it's the result of finalising the company "Restructure"? This is possible as he want's to show confidence in FLPC that is about 'all change', so all he has to do is await the cash to flood in to get his money back in the short term, although I doubt he's that bothered! The $17,000 was no doubt some of the cash held back from previous investment within FLPC and not out of his own pocket.
I don't doubt there will be many investor's who will follow suit and assume there will be value in FLPC because 'Bob's done it'! If this is the case, it will be interesting to see how the market reacts to this. If they think it's 'propaganda' with no substance, it will have a negative impact on the SP, but as a result of the purchase of these shares, it will possibly have a brief showing of 'Green' for about a day before it relaxes back to it's usual low. Whatever the case, he isn't going to throw money away with a reason but the main thing is, will this benefit the Shareholder's of FLPC? I hope so, but have my doubts.
AI
