First Liberty Power (fka FLPC)

[CaveatEmperor]

RJB225: Technically you are correct, but they only Mined 'Chips' for testing and they never actually got round to testing it because it was too costly, hence their alleged 1000 Bags is still in Secure Storage. So, to really be a proper Mining Company, they needed to assay it, extract it and the sell it, but it never got that far but it COULD have done if only they'd kept hold of the Millions of Dollars of shareholder's cash and used it wisely instead of it all disappearing into the Ether.

This begs the question that this BoD were never going to achieve this goal otherwise they would have made a big noise about it and got on with the job which they should have done from the start: MINING. It seems to me, they had little intention to go much further because they seemed to have found it rather difficult to part with all that cash to benefit the Shareholders, hence it's vanished and also they didn't pay their creditors either.....and they could have done as there was plenty there, so what have they done with it?. Costs? Hmmm.