Fancamp Exploration Ltd V.FNC

What's the hold up here?

[StockscoutX]

Isn't there any appetite to buy or sell here? Anyone here have any opinion of the eventual outcome of what's going on with Fancamp Exploration?

[Aallyy]

Big question Scout, anybody's guess.  The problems with Fancamp relate to who is running it. They opined there would be a huge increase in share price after the really nasty proxy in 2021 and that has not happened but the salary, bonuses, options and directors fees etc  are now spread thickly. I think, but not sure there is still a huge hunk of cash in the kitty, which was the main

[StockscoutX]

According to your opinion Aally. Is there a possibility that Fancamp could go belly up?

[Aallyy]

A perplexing question StockscoutX; the idea of it going belly up is always possible. There are stories of companies stopping their regulatory filings when there are bags of cash in the kitty. If the company does not meet the regulatory filing deadlines on a continual basis they can and most likely will be delisted from the exchange they trade on. This does not help shareholders but the cash is

[Maxmoe]

I doubt fnc goes "belly up" until it's been sucked dry. It still has a few assets DESPITE the plundering of the treasury. The EDM "investment" sure looks belly up. 

[StockscoutX]

The longer that Fancamp problems are drawn out and not solved the bleeding will continue. What previous administrators did really weakened Fancamp. It makes Fancamp vulnerable for a predatory takeover and could put shareholders hung out to dry. imo. Greed combined with corrupt way of thinking has no limit for some.

[Aallyy]

If you mean what current administrators did to previous administrators then I could agree.  

[StockscoutX]

It's what I meant Aallyy.

[Aallyy]

Thks, understood StockscoutX.