Hi.
Having followed the progress of this company for years, it was very clear to me that this company was operating a 'scam', but arranged in such a way that it was legal...sort of! However, how they worked it was very clever as these guys have had previous experience, helped along by William Voaden who tried to get funding to assist in furthering the company to mining. It was my impression that funding achieved would be announced to encourage investment, but that funding, like all the rest would vanish in 'costs' and 'trousered' accordingly! It was never going to work. Each time they announced on going progress such as Liberty Mill, it failed at the 11th Hour and they couldn't pay any premiums because either company had 'no money'. All their other ploys for alleged mining. Fencemaker was a set up with their little movies to try to get people think mining was ongoing. It wasn't. it failed by design every time. Two or three men working from a rented office could not possibly have the resources to Mine, so it was all bravado.
All the funding from shares was redirected into the company and paid to the Directors as 'costs' for consultancy and services rendered. They new full well what they were doing, but whilst your father put so much time an effort into 'Stockpile', it was used as a platform to Hoodwink the General Public. There were never any recent Filings submitted by FLPC and years late. They never intended to, so it was eventually dissolved and they were barred from trading through default. They knew this would happen and used it as a 'get out'.
The only way to bring justice to this company would be to take out a private prosecution for alleged fraud. This would be pointless and cost many thousands of Dollars, so I'd forget it and put it down to experience. If you trade though the SEC, DYOR and consider its operation based on FLPC. I have given up trading, simply because of the issuing of shares diluting the SP ongoing until the share price drops so far, (Like FLPC's did) they become worthless. The only way to work Penny shares is to trade on highs and lows but never for the Long Haul as the chances are you'll lose most or all of your investment?
FLPC is finished and gone and are now/were trading on the strength of X2M and Fencemaker as 'theirs'. Unsure what's going on now but I was in touch with Steve Vogal of Silver Bell Mining who owned Fencemaker and between him and I, made it clear that FLPC would NEVER get a renewal of the contract in order to scam other, especially now they are trading as X2M Strategics but as far as I know, Steve V. won't let anyone connected to use Fencemaker without a new contract, plus they locked Fencemaker's gates to keep them out. Any interference by those connected to FLPC would be treated as Trespass. This info. was discussed with me for years by Silver Bell and to the best of my knowledge is correct unless I too was spun a yarn?
Silver Bell wanted NO dealings with FLPC or anyone at all linked to that company including X2M who used Silver Bell's land on their site map to perhaps at some stage, encourage interest in their company. Note that Don Nicholson was 'Chief Cook and bottle washer' with numerous titles on X2M in the early stage...not sure about now, but he was Director, CEO, Treasurer etc. and a jack of all trades, so I wouldn't trust that company in case it became another FLPC...IMO? Good luck, sir. C.E
