You are so right but they have covered their tracks pretty well and know how to play the system. Everything is in their disclaimer is 'our' risk. Passing the Buck to us. The AIM UK) (Alternative Investment Market) is largely unregulated and with Penny Shares, like these, the only winners are the CEOs who have a free hand to say and more or less what they like with impunity, then close or sell the business and change it's name, take the money and run?
They can spin carefully crafted yarns which need to be true to some degree and that often inflates the price, but what they say doesn't have to be true or come of anything with 'Varying market conditions'. So many factors puts the Kybosh on their 'Promises'. For example, how many years did they ramble on about their "Restructure", or their promise to submit the Filings which they never did. Much of the money that was invested went to pay 'Staff' for 'Services'....what crap! Creditors were paid with worthless shares so they lost out. Money was just 'laundered' away...(Something I knew about as other parties had an interest in the company, ie local hot shots out of the Public Eye.
This afore mentioned "Restructure" always noted in inverted commas to denote a metaphor of sorts, was, as I see it, the Transition from FLPC to X2M Strategics...nothing to do with FLPC at all, then they disappeared without any bye or leave...I knew it would happen?
What they did in the background was probably illegal but so in depth, nobody would ever consider making a legal case of it and they knew this. Then consider the costs to the Lawyers and the risk of losing the case...It's a non-starter as costs would mount into scores of thousands of Dollars plus their legal fees if you lost the case.
It could only be taken through the Courts by the Police if it was proven that a crime was committed...who will bother...nobody, as the SEC would be inundated with cases. Lousy rotten thieving bastards is about right, but they don't care, won't care. They were banned from trading anyway because the broke the rules about the filing submission time (also in Canadas Stock Exchange too by breaching their rules! ) and I also never believed they had an accountant company in the first place, or at least their later 'new' company due to costs...they probably made it all or most of it up?!!
FLPC was a 'try on' company set up to screw the Shareholders from start. I told everyone YEARS ago this was a SCAM and so it was proven to be. All alleged of course!
