Renee: It had to happen. People cannot accurately invest in a company or guess how a company's Financial Position is without Filings. You can't buy blind based on hype, it doesn't work and it's Foolhardy. You cannot forecast how a company will perform over the next 12 months without trading figures or a plausible Business Plan. With FLPC as I mentioned, there is too much ambiguity and not enough fact. The only fact that most of us know about is there's next no money?
My guess is that you won't see the up to date Filing's as the chances are, they haven't been or are anywhere near completion due to reaching an 'impasse' with Heaton's, whereby FLPC will not discuss a few issues. It was laid out on a much earlier interim report from Heaton's, that they couldn't agree on a few 'anomaly's, so I think they have put the Filing's on hold until they spill a few beans?
If it proves a major issue, it is possible, that FLPC may close the doors. It's hard to say unless they get they Filings information to the level that Heaton's expect, and that's to tell all, not hold information back which Heaton's implied they are doing. Heaven know's how they are going to resolve this one. If they didn't tell heaton's X or Y, they won't do it now. It's also possible the $2M 'Funding' may have something to do with it and other items we know nothing about?
It's been dodgy from the start to present day. However, this Forum is expecting me to laugh about this, but that's NOT what I do, but fair warning that FLPC is not altogether Flying Straight and Level.
Maybe they will come back online after they get their act together, as this is exactly what it has been...an Act. I do sympathise with the Shareholder's to some degree, but the other side of the Coin is that the risk was so high with little or nothing to go on, gambling on this company and to keep buying blind was a silly mistake with a non-profit making organisation with no trading Figure's. You can't really blame those so-called 'Smart Investor's' who thought it could be worth the Punt as much as farming out 95% of the blame to FLPC for pretending to operate a "Restructure" and a Pathways to progress Now we have a clue? Maybe they will resolve it, maybe they won't, but I think Heaton's have suggested there's little point in carrying on. We'll see?
NEVER invest in a company based on Talk and no Tangible evidence of doing any business. FLPC is one such company run by 'Clever' businessman, or Trickster's, and supported by those who can't see the Wood for the Trees.
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