GO4AWILDERIDE: Telecom's company from an Aggregates company and then a Mining Company! There is no reference to FLPC ever being into comm's, but perhaps it wasn't called that back then? I didn't know that and I doubt many here do. No member of the BoD has any apparent experience in Telecom's that I know of, only Rocks and Geology, so there must be an outside source they could pay into a JV, as the current BoD has minimal or no knowledge except common sense in investing. A non-starter.
Setting up FLPC would have been a much better scheme than to involve other partners and overseer's. FLPC is a company whereby ONLY the management in it's small capacity could make it viable for the cause, even that hasn't worked and they are in a pickle as it is!