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Focus Graphite Inc V.FMS

Alternate Symbol(s):  FCSMF

Focus Graphite Inc. is a Canada-based advanced exploration company. The Company is engaged in the exploration and development of deposits of flake graphite located in Quebec, Canada. Its projects are Lac Knife and Lac Tetepisca projects. Lac Knife project is a high-grade crystalline flake graphite deposit located in northeastern Quebec, approximately 27 kilometers (km) south of Fermont. The property consists of approximately 57 mining claims covering 29,863 hectares. Lac Tetepisca project comprises two properties, Lac Tetepisca and Lac Tetepisca Nord. These properties are located in the Southwest Manicouagan reservoir area of the Cote-Nord region of Quebec, approximately 234 km north-northwest of the city of Baie-Comeau, an industrial city located where the Manicouagan River intersects the north shore of St. Lawrence River in the Cote-Nord, Quebec. Its properties form a block of approximately 115 claims, covering 6,000 hectares within the Manicouagan-Ouest Graphitic Corridor.


TSXV:FMS - Post by User

Comment by graphite13on Feb 03, 2023 6:09pm
110 Views
Post# 35266151

RE:RE:RE:All posts here have disappeared?

RE:RE:RE:All posts here have disappeared?Actually, the original ownership was 60% founders and 40% Focus. If you know of a startup where the founders didn’t want shares, please lmk. Like all tech start ups Grafoid has relied on PP to fund it’s R&D and that is why the founders (including FSM) have had a proportionately equal reduction in ownership (with the exception of Jeff who stepped up to the plate and lent money as well bought more shares when the company really needed it.

The facts should always be supported by evidence. I attached the financials of Focus for the years ended 2011 and 2012 (the first time Grafoid appears) Page 11:

“The subsidiaries of the Company at September 30, 2012 and their principal activities are described below: Name of subsidiary Place of incorporation Ownership interest Principal activity 3765351 Canada Inc. Canada 100% Holding Company Grafoid Inc. (1) Canada 40% Research and development.”

Pls support your so called facts with back up. Given you are an obsessed basher your crfedibility is is pretty low. 

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