FEC Resources Inc. (FECOF)

[styl]

In response to why the fecof share price doesn't correlate with the rise in pxp share price......

Some of you may have forgotten or are new on this board , or even trying to stoke fear on this board for weak hands like someone who recently sold close to a penny . I'm sure our pxp parent company would love to buy our remaining ownership of fel. (Forum)for the measly some of 5 mil market cap at where we are roughly now at.

You must all take note and question the strategy and motive on why this happened here:

Fecof use to have the same "evaluation" model as pxp which reflected their equity worth or presumed equity worth in forum energy shares.

The chain of events the way my critical thinking sees it was that.

Forum energy was trading in London and they removed that because it was way undervalued compared to the market exuberance for the same shares of pxp energy. I think the difference was only 20% of pxp price was reflected in pxp's same ownership. Since a company wants to remain a high market cap as to get loans in the future they realized they had to kill off fep.l. Which is now known as fel. Forum energy limited. Then they could argue that their valuation for forum market price shares were looked at with their equity model of presumed hydrocarbons and private market offers. They could borrow easier against this market worth buy ridding themselves of fep.l which held them down.

At that point fecof had the same valuation model and this was a problem for them (pxp puppet management) as they didn't want that to be the reason why they would have to pay more money for fecof shares than what they could pay as their intention was to slowly suck the lifeblood out of the company and slowly transfer fecofs shares to the parent pxp. Doing so by way of excuse to pay down debt or to run the company with new cash.
Pxp owns the majority of fecof. So their best interest to the majority shareholders is to steal the rest of Forum away as quietly and as cheaply as the law allows..... although they have been sloppy and have shown conflicting interests in loyalty on whose on fecofs board. The sec is looking for bigger fish to fry or they would have seen the fraud I easily see.
The new valuation model for fecof is whatever the last forum market price was or an evaluation of it. But forum as a sole entity does no longer trade and so therefore the last time they took our forum shares to "run the company" they dropped the Forum price to .20 per share compared to .50 a share previously previous model method.
This is why we need this company
1.to be more public with its news /announcements to attract new investors .
2. The investors must have a united voice against fecofs board which is clearly looking out for pxp only and zero interest to its minority shareholders. Is!! That's why we need a united voice to even threaten them with criminal charges. Financial lawsuits don't scare as it would only make the company defunct quicker. Suing pxp is possible but hard to do when dealing with a company owned in another country such as the philipines.
3. Our saving grace would be a deal made as soon as possible before more threat of excuses for diluting our forum shares to raise capital for nothing more then the scam they've been doing. If we were united we could offer to take the subscription of new shares in either forum or in fecof new shares, ourselves . Making an offer price and forcing pxp to pay more rather then to steal the company as if the entire forum company is currently only worth 4 million dollars .
4. Someone like Denison makes an unsolicited bid for fecof because the equity is there if sold or allowed to sell under pxp. The offer alone though would give us more equity value which in turn would support a higher share price and new investors coming in to reflect a fair valuation.

I know my answers are long winded but I don't want to miss anything and keep repeating the answer.

I'm still holding 5 mil shares strong. I'm still hopeful with current events playing out but this deal won't be signed overnight. The framework alone won't save us . We need the cnooc contract asap and even then if we don't have a united voice to force pxp to recognize the key points I said, you will see fecof drop while pxp goes up another 200%. Please write to Wallace and the rest of the board!! Now!!! And often!!! Accountability under threat of criminal charges is the way to proceed. They did not have proper disclosure and did not offer to subscribe fecof shares but rather stole forum shares on the dirt cheap. Their pxp stock reflects forum market cap to be around 600 mil. Not 7 mil as portrayed in our last theft of our forum ownership .
One last thing to be fair. Apx shows their shares in forum (30% ownership) to be much less undervalued than what pxp shows. But pxp shouldn't be allowed to have it both ways regardless.