FAS 0.00% 0.4¢ fairstar resources limited

annual report – highlights! , page-17

  1. 642 Posts.
    sharedawealth

    "Here are the highlights from the Annual Report that came out today!

    •$7 million in outstanding short terms loans. One with an interest rate of 172% per annum and another at 89%!

    •Another $4 million in trade payments due, most older than 60 days

    •All GWR shares have been taken by creditors

    •KR salary $443k

    •CM salary $411k

    •Loss for the year $15 million

    •Book Value -$7 million

    •Auditors cast significant doubt about the company’s ability to operate as a going concern

    •Alliance funding is stated as conditional.
    Bookmark and Share"


    What a complete hash and a shocker-no surprises
    Nothing more needs to be said share

    Fort
 
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