Totally agree. Shares issued at 1 cent. Stock now 1.6 cents. $300,000 now worth $465K. I wonder what those expenses were used for.....most probably wages, consultant fees and Directors Fees. Most definitely was not spent on SHIP. If you look at how many shares on issue fully diluted you now come to 1.65B shares on issue. In almost three years FAS have issued almost 1 Billion shares. What about the poor shareholders who backed this company 5 years ago.
The only winner is the MD and his associates.
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Ann: Appendix 3B , page-7
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