Pitmann: There are a good number of staunch FLPC supporters here for obvious reasons who keep the faith, that's the idea of it, but yes, it doesn't bode well from the time point of view. I realise that 'News is due' before Xmas, but it also a question of what it will contain. Will be all or nothing? Nobody know's, but what I feel is that it's very unfair to all current Shareholder's that the BoD won't release company updates to appease those who have bought into FLPC.
So many people who have been here for ages deserve better, after all, they've paid money to own a small portion of this company. The least they are entitled to is for the BoD to be fair and reasonable with progress reports, but they are not doing it. This to me, is too quiet and somewhat ambiguous with regard as to whether any serious "Restructure" is really going on.
Don't forget the financial state of the company and to restructure a company with no assets and very little cash, has a limit as to what capacity it can be restructured TO. This is one reason why I feel that a name change may happen and possibly an amalgamation of this business into something else, perhaps without the FLPC name? Bearing in mind the costs, this to me is the most likely scenario and the cheapest.
I think they MAY drop the name, unsure, but now we have a Stigma built up over a period of time that relates FLPC to a non-performing business, along with a lot of name calling such as Scammer's and other unsavoury things. I think the name has to go and a new Business Model has to be built into something with someone who will actually turn the business into a producing one! Got to have the right contacts, the fair deals and the proper equipment, so maybe this is why it's taking so long?
