InvestorsHub Logo
icon url

marexx

08/16/14 4:37 PM

#54211 RE: Mainesbest #54209

Mainesbest..... very good post...... we know absolutely nothing here and this is why majority of people are staying away from this crap, communication with the company was cut short last December and here we are.... 8 months later we know as much as 8 months ago, nothing really changed except share price is in the toilet now.
People are saying big News is coming.... well, where is it?, Company is making promises only to break them and the silence continue so people will stay away for as long as something actually may or will change FOR REAL ..... not just talk but real change, now we need to see it to believe it.
I hope Management actually working on something here but judging from the silence I don' think there is much going on, good news would be out months ago so I think there is no good news for us or anybody else here.... remember last year? lots of news, lots of pictures, we knew Fencemaker Mine was reopen, there were actual miners mining real Antimony, things was looking very promising and future looks very bright, people responded to this story..... now we know it was just a Fairy Tale story..... everything is gone now, including share price...... typical OTC/Pinks Market situation which in FLPC case it looks too good and too real at the beginning..... now we are almost at the end of the road..... Sad.
There is still some hope, small glimmer of hope that things may be turn around here.... as I always said.... in this Market everything is possible and this is why I'm still sticking here.
And one more thing..... adding/accumulating at this level is probably not a bad idea as long as people don't bet the horse or the house, just the amount of money they prepared to lose because this is exactly what may happen here.
At this point, in this situation and especially in this Market, people need to be smart not greedy. IMHO

icon url

Hubb

08/16/14 5:53 PM

#54212 RE: Mainesbest #54209

you are so wright. good post
icon url

jjphillips

08/16/14 7:21 PM

#54213 RE: Mainesbest #54209

There is some turmoil I suspect between Jimmy and Don. Jimmy seems a lot more aggressive about fixing things. It seems like their differences have settled recently. I know there has been conversations about certain members of management and the BOD and what value they are
actually bringing to the table.

The division of labor and responsibilities is clear, though. Jimmy is in Reno with his operations team and is working as quickly as he can can given the funding Don is able to provide him. As I understand it, an investor will be visiting him this week. I hope that investor is a member here and shares his/her take on their visit.

We are in much better hands on the operations side this time around. You can expect timelines to be delayed, which happens with every project. As I understand it, there is a daily plan that they have laid out and are working through. I forget the numbers, but they're losing about 5 working days out of every 40 if I recall.

Again, I've been told the wait is over and information is coming as early as this week. Based on others correspondences they've shared this week, the closing of the deals to create their subsidiaries is critical in allowing them to fully implement their plans.

There's a lot of skepticism here and rightfully so. The company has made mistakes and fell short of expectations. That combined with all the convertible debt leads to what we have today.

The good news is that we are heading into information and progress at a time when liquidity will return to the market as a whole. We are positioned well for a trend reversal over the remainder of the year. I expect the the company to release a steady stream of information as progress is made throughout the fall. Its my opinion that the we are close to changing trajectory.

Best.




icon url

jotuk6771

08/17/14 4:03 AM

#54217 RE: Mainesbest #54209

Good post . Time to stop the "Monopoly Party" and start acting as an operational company with something tangible to create shareholder's value ...
icon url

RJM427

08/17/14 12:11 PM

#54219 RE: Mainesbest #54209

Mainesbest,

Great post. Are you able to post (or list) the flowchart you referenced?

Thanks.