FEC Resources Inc. (FECOF)

[styl]

Irish

I don't understand how you conclude that fecofs board doesn't like pxp or that it's excellent news.

The fecof board is mostly of the same guys as pxp and or their appointees. Fecof after all is a subsidiary of the parent company pxp which ones belonged to philex before being spun off. The language to me sounded more like how we might even get less for forum shares in the future or not even have time to conclude any sale if the company runs out of money before a deal can be made. This is language I expect to hear from a company ready to go broke. A company with lots of debt and that is not fecof. Maybe they are trying to shake some weak hands lose with this language so they can gobble this company up in the near future getting the remaining shares of forum on the cheap.
I strongly advise not to be rattled by this and to hold your shares right as any fear selling would be a self fulfilling prophecy and easier for them to take. We are soon going to see that contract signed before any dilutive measures of any kind can be justified. I agree we are well far from a year plus,,,, before dilutive talk can happen. And by then forums private placement could be worth waaaaaay more than now.

Apx has and would add shares
Atok big wedge has and would add share
Pxp has and would add shares
She'll does not but would love some forum shares as to get a board seat on forum.

Let's not read to much into this and panic when instead we are getting ready for a big ride up. This wasn't even a press release but more like typical lawyer language talking about going concerns who have no debt or steady flow of earnings.