Replies to post #22166 on First Liberty Power (fka FLPC)

[gold56]

Never said they were getting taken over. I was just surfing the net and reading up on it. I thought it might be interesting to post. It is mentioned in filing, didn't mean to offend anyone

One of the effects of the increase in authorized share capital, if adopted, may be to enable the Board of Directors to render it more difficult to or discourage an attempt to obtain control of the Company by means of a merger, tender offer, proxy contest or otherwise, and thereby protect the continuity of present management. The Board of Directors would, unless prohibited by applicable law, have additional shares of common stock available to effect transactions (including private placements) in which the number of the Company's outstanding shares would be increased and would thereby dilute the interest of any party attempting to gain control of the Company. Such action, however, could discourage an acquisition of the Company which the shareholders of the Company might view as desirable

[strike_early]

Billmitch...just think about this for a moment. The AS Increase and creation of preferred are for probably various reasons. This company has more on the table and not just Fencemaker. Is it possible that they need additional shares for future endeavors with the lithium mines? Has the officers awarded themselves with millions of shares for compensation of back salary? How many junior exploration companies have you seen come this far with the current size of AS?

Even with the news of a shareholders meeting to take place to vote on increasing AS, Group 8 who owns 86 Million shares, stepped up to the plate with 1.5 Mil to get the mill funded and completed. They have a lot more riding on this than us combined. Does it seem like they want to piss their money or shares away? I really don't think so. Understand Stockpile Reserves vested interest in the Fencemaker project, which is why they are working like gangbusters to get production going.

Is it safe to say there is more than meets the eye? If the above groups were not involved in this venture, I would have bailed once I heard about the AS increase. When I started doing more in depth diligence after this news broke, I started realizing the vested interest of others into FLPC, which was much much more than what we had at stake.

Take it for what it's worth, and make your own decision. Whatever it may be, I wish you all the luck. Could the PPS go down in the immediate future, heck yes it could.

How many lithium producing mines are there in the US? What would you think the cost would be to bring a mine into full production? Some of us have thought Fencemaker was a stepping stone into lithium. I still do. Again I ask, how many lithium mines are there in the US?

[marexx]

Billmitch, you don't make takeover attempt in this Market a specially for small company like FLPC is, you just do it and before you know it is over.
Company won't issue a PR based on sole speculation, we can speculate but not them, how can you be so sure that nothing regarding Hostile Takeover is taking place here? How can you be so sure nobody is accumulating shares to do just that? How can you be so sure that pit 101 is not working for them to achieve their goal? If you trade OTC stocks you should know that lots of OTC bashers are professionals, well paid bashers, they not here to save me or you, they have their own agenda and agenda of their employers with big pockets.
Yes, company didn't issue any information regarding possible Hostile Takeover but what if they are aware or suspect of some irregular trading pointing to POSIBLE Hostile Takeover? If that was you wouldn't you protect yourself ahead of time to prevent it?
I'm not saying this is happening here, I don't know that, but simply saying that this is pure nonsense is very short sided either.
At today price anybody with $1.2 Mil. can buy enough shares on open market and take this company over with Antimony mine just about to get in to production plus a bonuses...... high prospect Lithium and Uranium properties...... isn't this sound a little bit cheap to you? isn't this more than doable?
Just my opinion of course.