Replies to post #4048 on FormCap Corp (FRMC)

[onemessageonly]

My friend, as you say:

"Larry said he was waiting for a phone call to let him know the outcome and there would be a PR after the meeting to let shareholders know the result"

If there is no "definitive result", then there can not be a filing. Would you expect the company to tell you about something that has not taken place?

[doebop]

No agreement has been reached, yet... Call Larry again, you are posting the same thing over and over.

The company is confident that the debenture will be resolved without the company losing its interest in the acreage in New Mexico.

Insiders are still holding there positions, as well as those Larry advised to buy.

Larry said that both parties are aware of the issue needing up be resolved quickly to keep Finra from halting trade... The Venture Capitals involved don't want to lose their investment any more than you or I.

Good Luck.

[moondoggy]

Parties were seeking counsel before signing. Last week's meeting was just to come to an agreement. Nothing will be filed until the deal is finalized.

Regarding the percieved threat of the SEC... Refer to LBSR's notice of default and the time that was taken to work out an agreement (just over a month). I do not believe there is an immediate danger.

Prior management is a friend of the real estate holding group holding the debenture and aiding in the process of coming to an agreement. A post-counsel follow-up meeting is scheduled for next week. Larry stated we will know the outcome by then.

If you do not think it will be worked out, then there is no reason for investment in this stock. If you think it will be worked out, then here is your window of opportunity.

Once this is behind us, there are apparently other interested parties in exploration work.