First Liberty Power (fka FLPC)

[CaveatEmperor]

People rely too much on 'Hear-say' with FLPC. If they were going to do anything worth while, they would have done it by now. NINE LONG YEARS! All they have done is managed to turn several Million Dollars of Toxic Debt into a Credit Balance! Aha, but...there is now $300,000 'Credit' which means that by some extraordinary stroke of luck, $1.6M Dollars has found it's way into the FLPC Coffers! Abracadabra!

By the time their Filings has been completed, I wouldn't mind betting all that Credit Balance (as implied, because during the accounting period, as NOBODY except the BoD will have access to the FLPC Accounts during Auditing), all that alleged Credit Balance will most probably have been 'Creatively Accounted' for!

So, when the Filings are complete and if that Cr Balance still exists, the Movement of cash will be allowed which means a few of those Creditor's may get some money back as owed, but I very much doubt it because it will be 'absorbed' in to company 'expenses' ;)