TSXV:FCO.H - Post by User
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AdekGoskion May 04, 2017 2:03pm
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Post# 26204256
Adek Goski checks out
Adek Goski checks outI had invested over 230 K in both FT and eCobalt right near the peak, almost 140 K of which was a loan on the house. Did not tell anything the wife and the son. Finally I could not hide the truth anymore, I was losing sleep but we all were in danger of losing a house. My 20 year old son, after the initial shock, revealed to me about the scams in junior miners, puming and dumping. Today he matters in his hand from the old fool, sold eyerything in portions I had in those two "companies". I ended up losing over 70 K. I was taken a few times by scamers before, but never like this time, especially since I am retired and do not have much income. Combination of greed, naivety, day-dreaming and trusting people. I got knocked down very hard but at least I still have a chance to keep my house.
Personally I believe the FT people ( two of them are Uknainians, not a big difference from Russians) will be dragging their feet, new feasibility studies, etc. to prolong matters maybe to a Co price spike, when they do another PP and line their pockets - they will have a hard time to secure financing (probably over 700 M needed) or if they do they will have to dilute the stock to the death. The only people who make money on such penny stocks are short sellers who ride the stock up and down at will, not the real investore. Similar thing with eCobalt, slightly better situation with "only" 200-300M needed, but the stock is very overpriced comapred to FT.
Take my real story as a warning. Good luck to everybody. I'm out and never come back.