FEC Resources Inc. (FECOF)

[styl]

my apologies Mr. Green tea... i had you pictured as a lil' asian woman drinking green tea for some reason.


I too like the fact that they have a big company/financier behind them with ties to the govt of philipines to get the ball rolling....I'm just not happy that they own over 50% of the company and for chump change.
yes,,they did buy some shares recently at 50 cents but that only reflects 1% of the shares.....could be some kind of manipulated move or it could be just as they stated...they are not saying its worth 50 cents but just part of their financing deal with fecof. I DO believe its worth 50 cents.I just dont think philex has much desire to buy us out at a high price like that when they control both the shares and the board already.
I simply think more attention should be given on how they bought the bulk of their shares from fecof <50.5%> than on just the 1% recently at 50cents..........I'd be more than thrilled to sell them all my shares right now at 50 cents knowing how they dealt with things in the past....I just dont think thats the case. They shouldnt be trusted.
Lastly, you shouldnt overlook that its in their best interest to buy them on the cheap soon so they can own 100% of fecofs shares,,,rather than just 50% of a company you say could bcome 20 times as large in just a few years.
glta