A serious investor (millions) would only end up with a minority stake because pxp controls the majority. And if pxp is hell bent on stealing our shares under the excuse of dilution and getting it for a penny or less, then that's what they will do.
I'm tired of the ignorance this board has had before.... wow they paid 20 cents a share..... no they didn't. They are buying our sc72 (forum) shares away from us for peanuts rather then selling fecof shares at let's say 2 or 3 pennies to raise capital. Then the cash they get , they use to pay off their pxp cronies who control the stock. Without threat of criminal charges brought up to them, they are brace enough to repeat this seemingly unpublishable crime.
So why do I still hold these shares? If the deal gets fuzzing signed then there is more of a chance that someone like Exxon or shell, in that realm will make an unsolicitated offer to buy fecof as a whole for their forum shares.
I don't doubt that this Denison guy asked about fecofs shares and was shied away from it by pxp themselves to do the deal the way it best serves them. When and if the contract gets signed and pxp shares as well as apx double in price, I somewhat still hopeful and feel someone will ask for fecof full ownership to have even that 8% play on
Sc72
We must show fecof management that we are organized by religiously emailing the management /puppets for pxp and make them think twice about scamming us again..... that we are watching and will chase criminal charges on them if they defraud us in this stock this late in the game of a contract having its value. Even a speculative value at that. Don't expect Irish to play lawyer forever . One man is not enough, but united they will listening Ali more.
I would even suggest a possible union between people interested on making an offer for forum shares ourselves if the company plays the debt excuse again. We can unite and say we want to buy x amount of forum shares as the minority base at let's say 3 cents a share ...... or more fecof shares with the Forum stake still in place..... just an idea. Just buying fecof shares in the open market. Just isn't good enough to keep them from selling away our forum stake under the table. We need to demand the sell shares to the minority union(when we build one), as their first choice before further diluted ownership in forum shares and making the company's speculative equity worthless . Another 5% taken away from the remaining company will leave fecof with 3% ownership which is garbage. Help save your shares by threatening fecof management with criminal charges for not trying to get a better bidder like this Denison guy who just showed up.
