The Bod's "own money". Ever considered who's money it was in the first place? It's the Shareholder's money which they are using having extracted Millions in the first place. However, the fact that Bob has said this (own money) doesn't necessarily mean it's true and 'Own Money' could be a few dimes every now and again which will still qualify as 'own money'.
Personally, if they were that keen to keep going, they would have communicated on a much more efficient level to keep other potential investor's on the boil. If they were 'Hell-bent' on coming back 'big time', they would have kept up a professional news flow over the last 15 months. They haven't, so my guess is that confidence is low.
If anyone here were keen to carry on a 'big business', I wouldn't mind betting that to keep up the interest, there would be regular updates.....even if they have to print BS, but nobody would know it was, pretty much the same as they've always done.
You have to agree that whatever anyone says, they are VERY Lax in informing PUBLICALLY, any progress that maybe going on. If they cannot do this, then there is little or no progress which means little or no hope of FLPC becoming a producing and profitable company. If they can't do that, the Shareprice will continue to be low with no investment in a Lame Duck until they fold because they won't have adequate financial support. I still think that any new funding, should they get it, be absorbed by paying off Creditors, and additional "running costs", not to forget what the BoD are owed, however much it will be?
End of the day? Any funding is likely to be absorbed as quickly as it appears, no production and no progress even though they may offer a business plan, which, like most previous plans, will never happen. Consider their track record. It's unlikely to change in their late stages of life leading toward retirement.
