FEC Resources Inc. (FECOF)

[styl]

I found an old email from 2012 I wrote about fecof to a family member. I remember now after reading it again that fecof once had 25% of fep.l./forum. It's amazing how much they were fleeced by their parent company. People on this message board even cheered the moves feeling smart that you they are getting 50 cents for fep shares instead of diluting fecof itself.where did all that cash go besides right back to the directors pockets for supposed administration fees. Fecof is a holding company like a mutual fund. These expenses were totally avoidable and I would like to sue pxp for fleecing fecofs minority shareholders , especially when this contract is signed and the realization of how much they stole sinks in. If there's long time shareholders interested in this please reach me. At the very least it will keep them from doing it again in the very near future as they could take the bird right out of our mouth as they please and as they've done. They were comfortable having the gold bars removed and sold at a fraction as long as the barn itself wasn't getting an equity loan to pay the rent. This was before China peeped a word and fecof was still around 2 pennies. In comparison fecof would have to trade at a quarter of what it did back then as their only potential holding is 75% less. China getting in on this might be more then just getting the contract. I've read articles that said cnooc was given the service contract by china. So we are potentially looking at another 50% drop in revenues/profits. I've added shares at lower prices but but considering the 75% decrease in forum shares I actually paid more in equity holdings and taken more risk with an unsigned contract that once didn't need chinas approval or to be validated at all.
I only share this so you folks understand why there's no rush to buy fecof. None at all yesterday as the volume is zero. And when a parent company with voting rights can legally rape its subsidiary out of most of its once proud 25% in forum, there's obvious trust issues. Even if the math keeps saying fecof is the better play over pxp. I'm still hopeful this gets done but between mannys pxp robbing us blind and China taking half I now have to hope that this isat least twice as big as malampaya to get my fair share. I've seen numbers as low as 2.8 tcf and as high as 55tcf. Good luck to all