Heshill P/L v Fairstar Resources Ltd, page-58

It is not beyond the realms of possibility for a company to be setup and listed for the sole purpose of providing high incomes to oneself, friends and family by doing cap raisings, options, 3b,s etc. not to mention debt facilities. In the end when it goes bust no harm no foul to those involved. A legal con?

Now has this occurred with FAS? That is up to the authorities to decide if ever they were interested or up to individuals to form their own opinion.