FML 7.41% 12.5¢ focus minerals ltd

"turned to stone", page-2

  1. 2,360 Posts.
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    Albaman,

    The AAM questions that are relevent to FML are,

    1/where's the money and shares stone were meant to buy and front with BEFORE being given control of the AAM board?
    last time i looked-NO FILINGS

    2/will the main debtor(watpac) wait on the promise of bigger and better contracts to come and tied in with a large milling contract,possibly to do with .....?

    3/will stone back in it's CRE holding at an inflated price as part of the above instead of fronting with it's cash?

    4/If stone do back in their CRE holding at an inflated price and not pay watpac,will watpac call in the debt collectors and control the CRE interest.

    Meanwhile new stone directors are collecting their cash in the form of fees.That's right there's no apparent cash,so maybe aussie AAM holders,now Stones new partners will be offered a cash raising as part of the Stone restructure to help them get paid.
    Didn't one Canadian director? owe the canadian version of stone a fair bit personally?read canadian sedar Stone filings for info.Absolutely nothing stopping the same happening again -is there?

    DYOR+DYODD
 
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