FEC Resources Inc. (FECOF)

[GreyGoose_69]

Hey Newguy....I'm 'hoping' for new developments to unfold in due time. As of now, I cannot PM you via IHUB, but maybe you can PM me your email address. I'm thinking things are looking very good here, and can't figure out why they'd spend $2.5 million dollars at 50 cents a share when we are now at a penny! Why not 5 or 10 cents? Something about this is really strange, and even if they were trying to "pump" their own stock, they still spent $2.5 million at 50 cents which is 5 million shares. I think something is up and they still need to give us details on that contract that was in their last PR. Why waste that much money?

They could have made $4 million if they diluted 100 million shares into the market, when the stock was at 4 cents, but I think we all know they didn't do that. They haven't diluted for years now. So, I don't think the "pump" theory works, and they did file with the SEC when they made this offering, so I doubt it was a lie. So, what short or long term benefit could they have been thinking of, to do such a thing?