Friday, June 08, 2018 10:45:42 PM
It's my understanding, and I could be wrong,, about your statement on cost expense and pxp is wrong.
Pxp is the majority owned parent company. We all agree on that. It's Their decisions on all that counts for forum's direction.
The cost is a different story I believe. Whatever outstanding debt by forum has to be met by forum or by its stock raising capital in the form of a long term loan or a secondary offering. The previous dilution happened as an alternative action referred to as a subscription" to the current major shareholders of forum. When a company who owns forum shares like fecof does, could not meet their portion of debt owed by forum, then someone else pays that debt for them and gets that amount of shares not paid by someone like fecof. That's what happened last time. That's the scam they pulled instead of extending the loan period or other options.
Pxp owns forum. If Pxp decides t drill in forums investment, the expense will surely go into their subsidiary's books in forums books. This debt can be a long term loan without screwing us in fecof again but we must unite our voices in this by occasional emails. I flat out threaten them with lawsuits and investigations as a shareholder I. Fecof. I have no interest in being nice to them when they've ripped me off. That's just me. Traditionally they would get the JV to drill there. Not them. They do however pay for the survey to negotiate better terms with the JV driller when they have something of big worth to bargain with.
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