There's probably nobody looking at this board anymore, but First Liberty Power Corps (FLPC) with the same Director/Treasurer/President/etc.,...Don Nicholson, went exactly the same way, only FLPC is still running. They too, never presented their Filings and were Revoked by the SEC and also the Canadian equivalent.
They made NO money in 11 years and have $1.5M + Toxic debt. In addition, Don Nicholson ran Stockpile Resource a 'Mining' Company that Mined a few tonnes of ore which they Never processed or sold. Stockpile was owned by FLPC and later sold to FLPC for shares. Furthermore, Don Nicholson is setting up yet another Mining Company called X2M Strategics which appears to be a Mining company run by ONE person who is Director/Treasurer/President/Manager, all rolled into one, and probably operates from a Virtual Office.
Don Nicholson was paid $$$1000s for 'Consultancy and other services' and writing the cash down as Costs... "Costs" To me at least, the money from the Costs was circulated in many directions. Nothing illegal, but the way many business work if they need to reduce working capital, or move money around for other reasons?
As yet, no shares are allocated, so if anyone sees this company, I would seriously consider your position before investing. I wouldn't, bearing in mind the history behind his so-called Mining companies. Essentially, failures for the shareholder...not for the CEOs!!
Some CEOs have the Midas touch where 'everything turns to Gold'. Don appears to have a similar touch, but where everything (for the shareholder, turns to S**t!
Take care, all.
