FEC Resources Inc (FECOF)

[styl]

somewhat discouraging to read:

In December 2009, the Company was advanced US$273,000 by Philex. The loan was unsecured and was originally due on December 31, 2010. The Company has now received a demand notice for the repayment of the loan. The estimated repayment including interest is US$312,000.

it seems as philex wants to take advantage of fecof at a time when the stock its near its lows and dilute them even more by putting them in a corner to most likely give up more ownership/shares of fecof in a further dilutive situation.
I'm not saying that it was planned like this from the beginning but it is predatory at this stage.....If i were fecof i would rather get a line of credit from a bank based on the equity they own in fep.l and just pay mother effer philex the money and not dilute the shares