If they (fecof) receive cash revenue as an annual dividend , as some agreements are formulated then yes indeed they could at that point justify a p.e. Valuation with a steady stream of revenue
If though, which may be more likely, Forum the privately held company co trolled by pxp, is the only entity receiving their portion of cash revenues from sc72, then Fecof will be looked at as a holding company only, similar to how mutual funds are evaluated with nav valuations, etc. furthermore forum won't have a p.e. Because it's private with hidden value. Pxp would have to once again apply for forum to trade publicly and hopefully not on that worthless aim market they had it on. Hopefully it'll go on the pink sheets and go to nasdaq soon after. Or even directly as a nasdaq listing. Pxp could and should go this route to unlock the value for forum and have their own equity rise in return. If they decide to put it off indefinitely they will put fecof at risk of running out of cash again in 2 years and an excuse to steal their shares again. That's why I'm alarmist in keeping these scumbags accountable . Demand that fecof under the watch of Pxp also gets a line of credit, not just Forum who has a line of credit. It's a criminal setup to have appointed 3 guys who do absolutely nothing for this holding company. When forum looked worthless sitting idle 3 yrs ago they used a line of credit to pursue drilling in Peru. We had received nothing from pxp's parent which is also one of mannys companies. First pacific. They cut the checks to keep things going. It's ultimately their strategy. We should write them too . We write the mayor. And we write the governor but we are forgetting to go directly to the president.
Only because fecof doesn't have the securities structure of most publicly traded companies it seems less likely that will be allowed to run to 50 cents or even if it's possible to reach that without publicity of what they have and a support structure for them to be evaluated fairly without future scam dilution like we've seen in the past. This makes me more likely to consider a buyout for pxp shares at a reasonable trade instead of being at the whims of these criminals. I envy apx who is not at the control of Pxp or fpafy.
A side note is that the ph market limits open capitalizing by restricting foreign ownership to a set limit for companies like Pxp. And apx. If they list forum in nasdaq it would be problem solved.
