The Financials are NOT completed, had they been, it would have been announced by the BoD on this Website and ALSO on their facebook page. There is NO POINT in buying 'cheap' shares. Putting it another way, a CHEAP share is only cheap if it makes money for the investor. This share is a LOW price for a reason, and in a Nutshell, it is because this company is NO GOOD and has no significant funds, sales or Mining!
I have no agenda to pick up ANY shares here, especially as they are not Trading because they are delisted. Anyone who tries to trade on the PINK, is facing huge and probably instant losses. Anyone thinking of doing this is foolish and on a hiding to nothing?
Should FLPC ever come back on the OTC, the shares may rise on the very fact they came back, THEN it will plummet. As I keep saying, there is NO TANGIBLE BUSINESS PLAN, and if one was ever produced, it needs to be seen to be WORKING and without cash, it cannot possibly work as the debt is so high, who on Earth will lend them anything at all without substantial security as collateral to indemnify the lender?
I have been in business on my own for 30 years and I know how the Banks work and I know they LOVE Security. I even offered them $6K from my private Pension payout 9 years ago to keep trading and got through hard times by using my head and business acumen and it's paid off. The FLPC BoD are playing tricks on you guys, so until, and if they ever come back, don't believe a word of what they tell you until you see it in REAL action with proven cash flow from sales AFTER processing any Ore and seeing the order books.
IT IS NOT GOING TO HAPPEN anytime soon. If they DO 'Mine', a few detonations doesn't qualify that as Mining until the whole lot is sold and further sales follow. Get it?
