Hello guys. I'm back
I still own my 3.5 mil shares. Thought about buying more when shares were as low as .0032 and .005 but there just wasn't any volume and they were executing my trades for 500 lotsand my commission was more than the shares I was buying. No I don't have level two.
This recent rise/opportunity will play itself out as a chance to finally play itself out as a chance to finally get out of what resembles a pump and dump but with a valid back story forever stifled by china invading the sovereign right to philine territorial waters and right to drill in their own economic zone.
Over the years we have seen fecof sell millions upon millions of their shares at what seemed to be reasonable able prices. .50 cents a share for 5m shares ... etc. but then they just piss away tat money every year to their boardmembets for doing god knows what....and fecofs share of service contract 72 has dwindled from a high percentage of about 16% in the day down to below 7%....
But even at 6.8% if this elusive unicorn contract that may or may not come into fruition with a strange bedfellow of China who may eve rob them blind in the end.... if I date look at the totally optimistic side. If pxp is ata 500 mil market ( roughly). Then in a very crude comparison .... arguably , this could be said that besides pope other holdings, it's really about service contract 72 (reed bank)... and therefore why not award fecof with a 5% market cap of that comparison.... 5% of 500 mil is 25 mil...... so arguably sofecof had way more room to rise to reflect their value in that service contract in the same way pxp also rose for the same reasons..
If this deal really does get done..... and you can just close your eyes like I've done for the last 5 years Then yes this could be a stock on its way closer to 1 dollar than to 1 penny..
Downside is that the board is rigged and they can sell off fecof's ownership in forum stock at any price they seem fit at any time as they have been doing rather than just diluting the shares a bit or taking on some effing debt based on their portfolio holdings. Lots of variables at play here. The story of "we are close to making a deal has been touted for 5 years and recently in August. It helps that trump is americas president and not that Chinese carpet Obama .... but china still calls the shots in those waters as they have built islands and invaded Scarborough shoal at their will. Good luck to all,,,,, 50 cents would land me over 1.5 mil dollars so I'm hoping and dreaming but I've even let down so much before that I will have to see it to believe it.... even if it goes to 8 cents this could drop to a penny again without a certain rock solid contract and deal soon after. Good luck y'all
