FAR 0.00% 50.5¢ far limited

Ann: Appointment of Chief Financial Officer, page-10

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  1. 123 Posts.
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    think the negative posts are missing the point here. this hire/announcement is a meaningful positive for the wind-down case:

    1) former CFO was on a decent salary ($200k USD/yr I think) so this is going to disappear
    2) new CFO is quite clearly a caretaker and only on board during ‘period of transition’ meaning lower cost but more importantly the language suggests wind-down is ongoing
    3) Chairman’s language – ‘realizing underlying value in the FAR share’ – is third time this statement has been reiterated in a public statement and consistent with the idea this is being wound down.Perhaps I am biased but it’s hard to argue this kind of CFO arrangement would be formalized unless the company was being wound up piece by piece (they would have simply just hired him full time). I bought more shares this morning and now own 2.1% of the company.
 
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