Replies to post #70425 on First Liberty Power (fka FLPC)

[RJB225]

No one's bleeding shareholders dry.and you know the BOD is only in it for themselves? Your crystal ball told you?

[1kgwxman]

Let's review...

"...They will keep going until they either bleed the shareholder's dry, or the Accountant's recommend they go..."

WRONG!!!

Just how is FLPC bleeding shareholder's dry???
There are no FACTS or PROOF of wrongdoing by any FLPC employee.
No SEC investigation, no investigation by ANY federal, state or local authority.
Also, accountants don't "recommend" to a company how to conduct their business, especially when it comes to staying in business or closing up shop.

"...There is NO WAY they can get rid of all the debt without Mining and they can't Mine without cash, so the debt will remain. It's obvious, despite what some here say, it's vicious circles. The problem is insurmountable..."

So insurmountable that both BOD members of FLPC have spent hundreds of thousands of dollars to keep the company alive.
Apparently they believe the antimony they have already mined and what is in the ground at Fencemaker is still viable to process.

Once financials are completed, private investors can see the full transparency of FLPC and what they have to offer those who choose to invest.
Antimony is a rare earth mineral which can be highly profitable.
Previous assays confirm rich veins of antimony at Fencemaker.

"...Once the Share buying goes down to almost nothing, there's little point in them continuing..."

Maybe that's what happens in the UK, but not in the good USA.
Shares do not come directly from FLPC and neither Bob or Don "trouser" traded shares.
Shares are traded through BROKERS.
Somebody sells and somebody buys.
There is no funnel of money lining the pockets of the BOD.
Whether there are 100 million shares traded or 1 share, makes no difference on the day to day operations of FLPC or any company.

"...What they may well do is release some info. just before Xmas. That will start all the buying again and so the BoD will stay until that revenue is exhausted..."

See post above.
Company stock isn't doled out from the BOD to shareholders.
At least it isn't according to US SEC rules and regulations!

"...The BoD are ONLY in it for themselves, naturally, and don't give two hoots about anyone else..."

Opinion not based on FACTS.
The BOD would not have spent hundreds of thousands of dollars of their own money to support a dead stock.
Financials are in the process of being completed.
Mining can resume after that as investors are able to see the audited finances.