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Focus Graphite Inc V.FMS.WT


Primary Symbol: V.FMS Alternate Symbol(s):  FCSMF

Focus Graphite Inc. is a Canada-based advanced exploration company, which is focused on developing high grade flake graphite deposits to supply battery grade graphite. The Company's projects include Lac Knife and Lac Tetepisca. Its flagship Lac Knife Project is a 100% owned, high-grade crystalline flake graphite deposit located in northeastern Quebec, about 27 kilometers (kms) south of Fermont. The Lac Knife project is comprised of the Lac Knife property plus an isolated block of 12 CDC claims located 11 kms to the north of the Lac Knife property on NTS sheet 23B-11 (Montagne-aux-Bouleaux property). Its 100%-owned Lac Tetepisca Graphite Project is located in the Southwest Manicouagan reservoir area of the Cote-Nord region of Quebec, one of North America's leading emerging flake graphite districts. It comprises two contiguous properties, Lac Tetepisca and Lac Tetepisca Nord. Together, the two properties form a block of approximately 126 map-designated claims (total area: 6,785.14 ha).


TSXV:FMS - Post by User

Comment by Arboreouson Mar 23, 2020 4:47pm
271 Views
Post# 30839236

RE:what to do any hope or take losses

RE:what to do any hope or take losses You are not alone, I'm sure there are many of us. I foolishly bought into Focus and Stria about 4 years ago, and have considerably more than you invested in each. Someone on the inside brought me in and like the others I 'drank the koolaid'. At this point I think it's likely they will both go under, my hope was for some sort of news to create a little spike in share price so I could cut a bit of my losses. I'll sell my shares if there is any value left at the end of this year although sadly I don't see anything changing. The agreements and payments between the group of companies owned by CEO Gary Economo (including Grafoid) in my opinion appears to have milked share value dry. If you read the previous comments here on Stockhouse it does make you wonder why there hasn't been a class action suit. The largese of the operating overhead, salaries, share diluting stock options, bonuses and maintaining his private jet seems to have sucked up all money supposidly raised for research, development and promotion.
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