I for one am happy the annual shareholders /general meeting went the way it did with you. Their (fec management) half assed ,answers ,that will always be biased and leaning towards their masters pxp , are quite useless to us anyhow. What's important is that they know we will be looking into fraud crime actions for past dealings as well as possible continuation of fleecing us our rightful worth of this company , especially when or if the deal with china is signed ( the sooner the better).
A good healthy dose of fearing our core base of minority shareholder stake ,from filing serious legal actions and criminal charges is they so blatantly continue to fleece the company. What good is a Chinese agreement anyway for holders in fecof if they pull the same stunt they did last year and many times earlier. Pxp could go up 1000% and they can sell our stake for 1 penny with a fake argument that nobody wants our shares and that's the liquidation price.
MuCh MUCh better to fear us!!! It's harder to correct their scam after the fact so prevention thru fear is good.
I only worry that our core base is getting dismayed as if it's a losing battle with fec management having all the control and being biased towards their overlords pxp and company.
I will Hold my 5 million shares and will join legal action to when organized to do so. We are the only reason this stock trades at all.
My friend is an economics major , he is educating me on leveraged buyouts.
If the announcement happens and everything pops But fecof is stuck at 2 pennies, we must at that point do what fec management refuses to do and find buyers willing to make an "offer" to the company at a set price of let's just say 20 cents for arguments sake. Getting bigger players, Chinese, American or whatever to make a bid on the whole company for a set price of let's say 50 million is not impossible. Fecof at that point can refuse the unsolicited buy-out as they have the majority voting shares , but a precedent for minimal price will be set. And the stock could move even higher from there with exposure and institutional buyers. Just my opinion guys. I'm not a financial advisor. Do what you think is best for yourself but if we continue to hold this close instead of dumping, and with more fire power for legal action then ever before , we have a 50 50 chance. If you try to sell anything over half a million you will send this stock into sub pennies creating a horrible base hard to dig out of.
