well then go ahead and by some more........ i dont see anyone really adding to this..are we all broke here?
this is an 8.8. million market cap at this point.at 2 pennies.
Nido petroleum is roughly 180 million market cap.
I'd like to think Fecof could get there one day but managment doesnt even waste a few bucks to properly promote this stock kind of the way that Fox petroleum newsletter rag was going out to everyone back in the day. I question their loyalty and disregard of shareholders equity.
Most companies go public to build equity in share price,,,,,,,for a higher p.e. than privately held companies......so they can borrow more from a bank to grow faster. They do this at the great risk of being bought out,,,,unfavorable markets.....and stock manipulations.
If this stock is allowed to trade at 2 cents or lower for a while......without the new buyers from public awareness i mentioned before...there can be an inside deal to sell the company to philex for 2 pennies,,,,especially if they are running out of money,,,,,,,Philex will argue that they simply paid above market price and therefore its legit.......this is what i went thru 5 years ago when the stock was as high as 11 cents or so....dropped huge..stayed low for a while..and then anounced that Philex bought 50% of the company for 2 pennies,,,,about .005 cents more than it was trading that day.....but not near its average.
If this chinese issue didnt delay us from moving along with actually getting an OFFER, let alone a partner.......then i wouldnt worry so much about an unfair buyout......And i cant say that philex planned the chinese garbage to hinder the companys growth.......but the fact remains the same........if it lingers......and we will get even less money coming in because of the bec deal.....then the greater the chance of getting squeezed out on a cheap buyout........if the 3d is perfect..verifying everything they say is already proven, with the difference of a service contract this time...we might see 5 cents again,,,,,but it will surely drop again to where it is today without a conclusion in writing from the chinese and without a partner offer and a deal....we will get cheated.
Just my honest opinion.........glta, Styl
