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Re: downsideup post# 2805

Sunday, 02/06/2011 7:26:55 PM

Sunday, February 06, 2011 7:26:55 PM

Post# of 12369
when i talk about philex doing whats in their best interest I am referring to within the law....they are strategically situated where they can do things for themselves from their current position within the law.....being a majority shareholder and all.

I got excited too when i saw them buy 2% of fecof for 50 cents a share....but then i realized these are the same guys that bought a majority interest at 50.5% for just 5 mill...025 cents a share even though it had traded much much higher than that...

because it was so long ago i need to recheck and see if the gas find was before philex bought them or after.....I might be confusing it with the gold find...those were their two major events in the last 5 or 6 years, and it had spiked to 12 cents back then and further back it was 25 cents....so you cant say that philex gave them such a fair price at .025 back then......so why give one now,,,,,,,,,since its already, historically played out like that 3 yrs ago..then why would you expect for it to play out differently this time around? Believe me....i'd like to see it go to 2 bucks where it traded 10 years ago.......but besides wishful thinking, why should it play differently this time around?? please consider this an open question to all message board people.......I'd like to here some solid reasoning behind this.
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