First Liberty Power (fka FLPC)

[jjphillips]

The restructure has been characterized to me as no more than reorganizing their files/lawsuits and figuring out who all they owe money to.

I'm also told that the consulting firm they hired has been on the books for almost a year now.

They won't release news because the show is over. There's no more pressure from the toxic note holders to pump the stock anymore because they realized they've raped just about everything they could out if it.

The company is millions in debt and all it has is a flooded mine that has produced low concentrations of antimony and no way of milling it.

Think about the Liberty Mill fiasco and ask yourself if you really think they ever intended to actually use it. They had no money when they signed the agreement, no way of mining any ore without getting a large sum of money to develop another property. It was just just one final hail Mary from Tangiers to pump the stock so they could try to get some more money out of it.

I was actually told of a meeting that happened last fall where Don and Robert Papiri of Tangiers were basically patting themselves on the back for all the liquidity they were able create in the market in 2013-2014. That's the only game for toxic lenders.

Sad part is, the guy the company threw under the bus is the only one that had an actual plan to get to production. I saw details of the mill plan myself. I know they were able to find gold at Rose Creek with just a metal detector and shovels. The problem is, they went into it all and sold it to investors knowing that they were flat broke and that none of it was ever going to materialize.

And as for Jimmy, if you want to know what he is up to it is not that hard to find out. Remember that LLC he filed for last October?