RJB/Pitmann. One thing for sure is that I am NOT happy to see genuine Shareholder's being 'turned over'. I am also a shareholder in another company in the UK, and in the last week, I have managed to lose 'on paper' about $900 (USD Equiv.)
The problem for me and others are faced with is that the Markets tend to drop the SP 'Willy-Nilly' at just a hint of bad news which exacerbates an already bad situation. It is my belief, however good or bad the AIM or SEC equivalent is regulated, is that the Market Makers will 'walk' a share down even after good news just to activate stop-losses and capitalise on re-sells of those shares and ANY slightly negative situation.
'My' company recently won FOUR Oil Blocks ripe for production (after extraction). The Oil IS there, but we all thought that for the sake of argument (I will use cents loosely here)is that the current SP was 2.5c. Once these blocks were won it would rise to at least 6-8c, but No, it DROPPED and kept dropping to 1.27c. Now the Forum is really pissed off and many have sold up.
I DO empathise with you guys, but one doesn't really know whether or not you really are being scammed. The lack of news has to be worrying, especially as the BoD is acting very aloof, but it would be much fairer for them to at least let you know something one way or the other.
I know what it's like top stand losses (currently c$7000) on my holding. Because me and few others were forecasting significant drops due the Price of Oil, Syrian Issue and now Russia/China problems and the overall possible collapse of the Global Economy (based on lowering production in China and Oil 'Glut'), very few share prices will be much good for some time.
All I do is place a 'forecast' as to which way MY share may go, and get 'shot down' (as do others) for a negative (though realistic) approach. Now the SP has collapsed on my share, and a few of them choose to have a dig because I was right. As far as FLPC is concerned, it's the Not Knowing which does breed anxiety and a degree of negativity, and I can't blame those for feeling this way.
As I said, I do NOT like fellow Shareholder's to be turned over just because the BoD aren't being fair and forthright with those who keep their company going. All the time they are not earning, this rather dodgy situation is not going to get any better for now. FLPC need to come up with the goods quickly for you now as the longer it goes on, the more ambiguity there is about it actually proving to be a good performer, IF that is possible here? All you can do is wait and keep writing to Bob and demand a reasonbale answer. GL All.
AI
