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All,
This is a share chat forum. We are all FO investors. We all have opinions, whether favoured or not and we are entitled to share them. I have been heavily invested in FO since 2005 and am quite aware that the share price at this stage is really a moot point; the only thing that matters is successfully proving up this play and exiting at the best possible time and price possible.
However, that does not stop me believing this stock has been manipulated since early days (Bruner days). Pattern recognition and experience dictate my belief here. For you relatively new FO investors, you have not picked up on this pattern.
For the record, I am a fan of what POQ has accomplished since straightening this ship from Bruner. There have been many things out of POQ's control, but the things in his control he has dealt with admirably. Whether he is worth his salary is not a matter I'm going to perseverate on, for if he can deliver for us, then he'll have earned it.
Just my two cents on things. I am a believer that we will be rewarded (or my children will) with FO, but it does not diminish my frustration of this stock.
This stock has been manipulated for 15 years since it's run-up to $5+/sh, circa 2005. Soly from Agoracom and many others on that board knew this, but are sunk way too deep in this to sell without substantial losses...so we wait, and wait, and wait while the tree-shakers try to take the small guys' shares, hopes and dreams. I can assure you once I get my money, some of that will be used for an investigation to hang the f**kers responsible.
Hopefully this link works...it is the story of Falcon from when I first became an investor in 2005. Most of the links to the news releases are deleted (in my opinion intentionally by Falcon)...but at least it gives dates if you want to dig further...
They are mostly centered around the MAKO Trough discovery.
Cheers
http://makotrough.blogspot.com/?m=1
Welcome to the board. As for Brunner, it is obvious I have very little respect. I remember during the Mako trough days where a certain someone said Falcon could be bigger than Microsoft...LMFAO.
The market is driven by fear and a LOT of investors were burned badly by the CEO at the time and I truly believe all the false cheerleading, track record of failures, and constant dilution has kept a lot of people away from jumping back on this wagon. I do feel that POQ has done a commendable job with what he was dealt...imho.
The reason is Bruner. He ruined this stock. People stopped believing his words when they were repeatedly burned and watched hundreds of millions of shares diluting the value and their holdings. With a billion shares outstanding and people being burned at every penny from $.10 to $4.00, this can be expected. People have their price points for exiting and there will always be downward pressure on this stock. It is an uphill battle all the way. For over a decade this stock has fallen for every good news release as investors seek opportunity to exit. Our best hope is a fair deal based on true asset value...imho
Surferdriller,
That's a given. What CEO of any company isn't "in the know" and ready to be the first off any sinking ship? That is the typical character makeup of any CEO. Look at McDonald's CEO...100% in violation of his own policies yet will be paid out handsomely.