{"id":3137,"date":"2013-11-08T16:15:58","date_gmt":"2013-11-08T16:15:58","guid":{"rendered":"\/?p=3137"},"modified":"2013-11-08T16:17:55","modified_gmt":"2013-11-08T16:17:55","slug":"first-liberty-power-corp-otcmktsflpc-seems-unstoppable","status":"publish","type":"post","link":"\/articles\/first-liberty-power-corp-otcmktsflpc-seems-unstoppable\/","title":{"rendered":"First Liberty Power Corp (OTCMKTS:FLPC) Seems Unstoppable"},"content":{"rendered":"

\"6FLPC.png\"If you’ve been following First Liberty Power Corp (OTCMKTS:FLPC<\/a>) closely over the last few months, you know that the ticker became the target of a rather big promotional campaign back in April. In one of their latest emails dated April 24, Today’s Pick Is said that “FLPC<\/a> could lose its sub-penny price tag VERY soon<\/em>“. “Very soon” might be interpreted in many different ways, but we’re quite sure that “four months and three days” is stretching it a bit. <\/p>\n

FLPC<\/a> failed to get even close to the $0.01 per share mark until August 27 when it finally managed to breach it. This goes to show that, in case you haven’t learned so far, you should always think twice before trusting the pumpers. <\/p>\n

But let’s leave them alone and get back to FLPC<\/a>. After all, the latest alert that we received about the ticker is dated October 14 and, as we mentioned in our previous articles, we’re not sure if it had such a big effect on the stock performance.<\/p>\n

A stock performance that, it must be said, is nothing short of amazing. To get an understanding of the magnitude of FLPC<\/a>‘s run, you should consider the fact that exactly one month ago, the ticker was standing at $0.018 while the current value is $0.063. This presents 250% in gains after just twenty-three trading days. Even yesterday when technical problems shortened the session, FLPC<\/a> still managed to add a whopping 26% while shifting more than 3.3 million shares.<\/p>\n

All that without a single press release in more than three weeks. Small Cap Specialists did issue a report on October 28 and while we’re sure that it drew some attention, the ticker still seems to be pushed primarily by the momentum created when FLPC<\/a> announced the first detonation at their Fencemaker antimony mine.<\/p>\n

We mentioned numerous times that this is definitely some good news for the tormented shareholders who have had to endure more than three years’ worth of development stage, but even so, the press release alone won’t be able to sustain the growth forever. In fact, the ticker has already broken through quite a lot of 52-week highs and some sort of correction could take place at any time. This is something well worth considering in case you are looking at FLPC<\/a> as a short-term trade.<\/p>\n

Things are not much different when it comes to long-term investments. Yes, the start of the mining process at Fencemaker is definitely a positive development and it means that revenues should be present infuture financial statements. How much exactly, is anyone’s guess. Not to mention the fact that a positive bottom line can not be guaranteed.<\/p>\n

\"9FLPC_logo.png\"In the meantime, quite a lot of people are looking forward to the 10-K covering the twelve months ended July 31. FLPC<\/a> announced that they won’t be able to publish it on time, but the extension period should end next week which means that anticipation is building. Investors are expecting a much better-looking balance sheet and a potential failure to deliver will probably trigger quite a lot of selling.<\/p>\n

On the whole, things around FLPC<\/a> remain uncertain. On the one hand, the news sounds good, but on the other, as of right now, there’s little cold hard evidence to support the positive developments. One thing is for sure – using a virtual office as a company headquarters and sharing it with other penny stocks like Renewable Fuel Corp (OTCBB:RWFC<\/a>) does little to boost the enterprise’s credibility.<\/p>\n

Make sure you don’t get carried away by the hype and always do a lot of due diligence before putting any money on the line.<\/p>\n","protected":false},"excerpt":{"rendered":"

If you’ve been following First Liberty Power Corp (OTCMKTS:FLPC) closely over the last few months, you know that the ticker became the target of a rather big promotional campaign back in April. In one...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[56,1117],"class_list":["post-3137","post","type-post","status-publish","format-standard","hentry","category-news","tag-flpc","tag-rwfc"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=3137"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3137\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}