Solutions!!!!???!!!!
I've pointed out the problem, the risk and the dilemma with owning this stock but it's more important to offer potential solutions and I leave it out to the public to consider and discuss.
I'm grateful for exposure by media recently covering fecof but without a mention of a ticket symbol we won't get the attention we need 90 shares is nothing to brag about. The story I shared didn't get a response from anyone because it sounds like a dud and at the whim of pxp's kindness.
My solution for exposure is to accuse pxp for embezzlement of forum shares under the false pretense of ongoing expenses when all they do is pay their pxp employees with the funds . More importantly they never held a fair auction for our forum shares and to the contrary hurt us by changing our value method for forum unlike for themselves. If we're gonna got the press o suggest we pull out swords not toothpicks otherwise it's meaningless.
We should not ask for a set price like 10 cents or pxp shares. We should demand an open bidding process or to freeze this company's account(take it private) until exploration has taken place and the true value of the forum shares is realized for a new round of open auction for forum shares.
We can freeze the account and other actions using a law firm like Matt/Irish suggests or even consider a criminal lawyer for the govt. maybe we should reach out to the Calgary securities and exchange commission as a group with further proof of wallaces threats to dilute us again under false pretense of shareholder communication. Govt lawyers do work for free and criminal action legal suits might tighten their sphinctus more then usual. Matt o malley went alone to the sec many moons ago. Maybe as a minority shareholder group they will be forced to take this complaint more serious and with threats from wallace's emails nonetheless.
If pxp offered us 10 cents and they were the highest bidder in competition of our shares in a open and fair auction I would then consider it. We should demand an open bid process and not a set price. I dont doubt that from the day pxp offered up pxp shares to Dennison , they were immediately planning on transferred the rest of our forum shares into their pxp accounts to make up for the dilution. Pxp owns half of fecof so they can claim 3.4% of those shares but they want the entire claim of it. They can only get them if we allow dilution again.
Solution maybe what is it that asian coast did in grouping together to garner some level of respect even as a minority shareholder. We need to rip a page out of their book and co spider straight up partnering with them and demanding a split from the pxp company where pxp takes their roughly 4% of forum and we maintain the remainder 2.8% in a newly formed private company with less then half the outstanding shares out there , or some kind of reverse split to reconfigure a new private held company. At that point shareholders would receive dividends from revenues/profits. I'm not sure of the potential expenses of such dealings so I only offer this up for suggestion. I'm not pushing it as my first choice unless we know all the variables and possible future subscription of more forum shares as was done when we got diluted the very last time recently.
Lastly does anyone have connections with Exxon where we can offer them a seat at the table for unsolicited bids for our shares of forum shares. This would force pxp to pay a fair price or make a fair offer.
I'm f you wanted to stay in this long term you can always reposition yourself in apx , pxp, or exel philex which owns 25% of pxp. This company is more at risk being forced into bankruptcy then being allowed to continue as a holding company. Once pxp is successful in one last dilution of our forum shares, which we are fighting against, then pxp will move quickly to delist us as a company and our communication on investors hub will also be stopped as the ticker symbol gets defunct/delisted. This is pxp's end game for us and we cannot allow that to happen in such a away. The fight will continue with litigation in one way or another against pxp for what they did to us but if it's a common class action lawsuit you will be lucky to get 2% of your losses back from the popular quick settlements those firms make to bag their quick 33% commission in winnings.
This is chess and we must take their queen quickly now because they are surely coming after us for the checkmate as to disband our communication thru what is still an ongoing company and hopefully the best turnaround story ever if we get a judge to force them to give us back our 25% of forum back for their crooked self dealings. It all depends how we play our cards from here on out!!
