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Red Hackle

12/07/12 9:46 AM

#7892 RE: pack10 #7891

Unfortunatly "Pack" there is way too much that we don't know, simply because FCPG is apparently "Incomunicado" and people like Doug and us posters, who sre ignored, are unable to pry anything out of this company.
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1dmg1

12/07/12 10:27 AM

#7894 RE: pack10 #7891

good morning pack and red ----- read your posts and i think we are all on the same page. first of all, i tried like all get out to try and locate our preferred vendor for fcpg (nice way to put it) in the past and could not find a darn thing. i even had a friend of mine who is fluent in chineese look for me via chineese websites and he could not locate information. unless we have all been fed a total line of @#$%, fcpg is a viable company, but wang has it tied up in knots. no way we should have a lanquishing pps in current range. so many positives to discuss, yet there seems to be a cloud lingering over our heads that nobody can figure out ------ well me for sure. the promise of a brighter tomorrow can only come as a result of finishing off refinancing short and long term debt. financials are cleaned up and filings up to date with legit firm ----- the difficulty in secured financing makes no sense, unless, and let me be clear here this is my opinion so everyone does not jump down my throat, wang has no intentions of doing so from the get go. possibly he feels he can out run need for additional dollars by resultant increase in revenue ----- not going to happen. wang also surely has had discussions with corporate stateside atty who has extensive background in acquisition / merger / & raising captial. same goes for discussions with auditing firm who also has access to firms with money ------ or maybe he has not. tse was given a golden egg to secure financing at minimum dollars for wang, not enough to do a damn thing, and he has not pulled his head from the sand. the financial situation of fcpg is the only roadblock. if this gets resolved soon, other issue fall into place because certainly there will be performance guarantees wang will need to satisfy --- and that may be where the hold up is. dont perform, lender takes company. sorry to ramble on again. david