Monday, November 19, 2018 5:17:34 AM
many things could have been done along the way to protect our share interest.
instead they fed us to a worthless lascogan gold project owned and operated by philex and sold our shares on the cheap to themselves to cover fecof's 40% share of the expenses. once it became obvious we couldn't fess up a cash call of 2.5m, they reduced our ownership to 1% and closed the company.
pxp controlled fecof and used our original 37.% to protect their interest in Forum until they consumed us and outright controlled forum without our participation.
they also paid one of their cronies named andrew mullins 36k of our fecof funds paid for by our shares that were sold to pxp to buy back 30m shares of fecof.
those shares were only redeemable IF AND WHEN philex's lascogan gold project produced commercial quantities of gold from production.
not 1 gram of gold was ever produced so why did they need to pay off mullins?
wallace said it was determined it was in the best interest of fecof to buy back those worthless shares ( or words to that effect) really?
why not tell mullins to feck off "fecof - hehe"
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