FXR 0.00% 0.2¢ fox resources limited

share price, page-13

  1. 6,072 Posts.
    Terry has done his proverbial like everyone else. Look at WSA!!!

    He's been selling WSA shares in the last week and if there was depth and liquidity in FXR he would have sold them too. His holding FXR is worth zero as far as liquidity is concerned.

    I know he has a lot WSA shares but these high fliers from the West don't just put in their own money, they love leverage. In the case of Terry Streeter I would say he has easily tens of millions of dollars in margin loan.

    There will be more "Change of Director's Interests" for WSA.

    Lucky for him that WSA is still 5 times more than it was 5 years ago.

    Any money Streeter will be putting into FXR will be from borrowed funds and lets face it FXR's future is suspect given the current economic climate and crappy management at FXR.
 
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