Replies to post #10793 on FormCap Corp (FRMC)

[Emerson1972]

Why pay for the 2400 acres, filling paperwork, equipment rental etc? I get what your saying but all this is not making sense or should I say (cents) LOL! If I was an evil person and wanted to scam people I sure as heck wouldn't be spending the money these people are spending. Seems like a lot of work for what? I have done my homework and DD and can't find any more news on this. I guess only time will tell.

[flaflyersfan]

FinalFrontier, great post;

FRMC has used the same scam story with different locations several times and their sister stock used exactly the same PRs as FRMC did.

If a company with no money or no equipment could lease oil properties for a couple hundred per acre and make millions drilling for oil; everybody would be doing it.

As for the sector; 100s of pinksheet oil/gas/diamond/gold/silver companies and nothing found yet.

Good luck.

[xZx]

this exact same scam happened with WG&S, where ironridge is also a debt holder. the CEO for that company "failed" for two years to do anything right, repeatedly taking on deal partners and then doing nothing at all to advance their agreement(s). just as with FRMC, the result, over and over and over again, was a huge plunge down in price, multiple RS, etc, etc.

furthermore, when the "good" news happened (a favorable court judgement) this CEO sat on the news, and then released the official PR about it after he had announced a 1:25 RS.

sound familiar? FRMC has shot itself in the foot over and over again, while their debt holder killed the bid.

ironridge should be investigated imo. it's just a matter of finding their electronic trails from offshore.

all in my &$#*& opinion.