Tuesday, February 08, 2011 8:21:38 AM
you say prices of .25 and .50 cents and others who bought this at 1 penny recently might be looking at us as pigs.............but i bought in at an average of 5 cents years ago and then watched philex buy it later for .025 cents......This is not me trying to scare anyone into selling their shares at 7 cents or anything...........but the truth is that theyve managed this before......paying a smaller amount then the shares were trading at.........so to completely rule it out from happenning again is naive.
It is simply frustrating when your analytical brain is telling you to buy even more at 5 cents,,even its recent yearly high of 7 cents because of its value .........and then you have to fear the reliving of a loss because of corrupt dealing...........this company at 5 cents is a 20 million dollar market cap.........I dont think regulators will look twice at this company if self dealing occurs......thats why philex pulled it off the first time without any alarms going off.
I dont need anybody calling me a basher and all this crap because i tell people to have a healthy dose of awareness followed with a dash of mistrust. Goldman sachs and big firms break securities laws every year..pay a small fine compared to their huge profits and keep going......this is just the unfortunate corrupt system we have to deal with.
i have a question to the board.........something i'm not sure about. Why is fecof's holding in ownership of fep keep going down? Ive seen it somewhere as high as 36% in the past.......not long ago it was around 30 and now its just under 26%.....why is that? is it that fep is diluting themselves and someone else is buying those new shares of fep or is fecof directly selling off its ownership of fep,and to who?? Once again i'm not trying to instill fear but if fecof is slowly transferring that ownership to Philex then we should know about it.
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