Replies to post #61552 on First Liberty Power (fka FLPC)

[Be wary]

I'm sure that most of us find the market cap of $1.3 million laughable, as you say. It is being held up on pure sentiment as nothing in the fundamentals explains why there should be any support.

Unfortunately the only way forward is to raise considerable amounts of additional cash to get any sort of production started, that normally requires more dilution and obviously the lower the SP the more shares have to be sold to raise the same amount of money.

Maybe the convertible notes are a bit of a red herring in all of this?

If you follow on with further research on the other company you touched on you will find out just how expertly it was run and how much value it returned to investors.