to be honest......
it would have been amazing if this happened to a large cap stock...........these things happen very often with these microcap stocks.....especially if there isnt a continuous effort through marketing to promote the stock to keep money flowing in with new investors or institutions that add to their positions regularly. The market Maker, especially when there is just ONE like in this stock, will keep this low as he plays the middle man...and if we are lucky enough for something positive to finally be anounced..he will then be able to actually take his own long position when he sees strong momentum and volume on the buying side. Its the most amazing way to legally fleece investors...manipulate a stock price, be an insider and not worry about the s.e.c.
I am gonna stay long as I lost my chance to get out at five cents,Ive actually doubled my shares on the way down...Now i wish i held out for this price instead........this is still a good risk stock as long as its not more than 10% of your portfolio......Things are different in that this is a service contract now.......but its also tough to know how this will play out politically......as well as financially and if they will dilute sc72 ownership anymore to keep going..I would hope not, but hope is not a good strategy.
Some people remain strong that philex will do the right thing for Fecof, but in all my 20 years experience i have never seen a corporation look out for another company, even a subsidiary, more than it would for itself and its directors........if it benefits them to get total ownership of fecof <100%> on the cheap.....then they will try to do exactly that. They only paid 50 cents before because it was only 2 mil, and they had inside information of the service contract before going public. Hopefully they anounce something very positive about sc72 so philex doesnt get a chance to buy us out at 2 cents again like they did 3 years ago.
glta
