FAR 0.00% 44.0¢ far limited

They've fired a lot of staff to save costs. And maybe cut back...

  1. 4,719 Posts.
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    They've fired a lot of staff to save costs. And maybe cut back on the expenses. How many $ did they save? Pennies? How many staff got axed and what were they doing. Collateral damage. "They" (Management) took no paycuts and no one resigned.
    They didn't even seem embarrassed at their mediocrity (putting it kindly). Where were the swords they should have fallen on?

    The resolutions were passed with a 90% majority. I accept that the top 3 might go along with the game for their own nefarious (but as always totally legal, well thats why we have such fierce warriors in ASIC) purposes but the rest? What were they thinking of?

    Right now, a competent Oil Exec, Accountant or Lawyer could run the thing. On their own.

    The top 3 shareholders? You are a disgrace - voting yes? You couldn't even have the decency to Abstain?. Apparently, M & AG have been buying on market - well done team FAR, what did you tell them ROFL. Ah surely you didn't.... but of course not
    Good to hear from a punter's perspective. Maybe... Their losses are huge and FJ wasn't mentioned. I don't believe a word FAR's wriggly Management say however. Even when its "binding" its like jelly nailed to the wall. Lets wait for the change in Substantial Shareholder notices (if they don't screw them up again - class action from the last stuff up maybe) and work out the losses then.

    They ran the white flag up in the last quarterly and proudly again in the Annual Report (hope the legal wizards didn't stuff that one up as well) and still they sit there drawing their modest stipends.

    A staggering 90% voted in favour of all three resolutions. This is crazy time! Has everyone lost their minds.

    Cath Norman and her Board should be tarred and feathered.
    WPL played it well and Sango will probably be valuable in a few years for those who choose to stay the course. Like WPL.

    M and AG will undoubtably salvage something for themselves. They have the resources and time. Which retailer honky wants to hang in there for X years however?

    And in the meantime, who wants to punt on a 1.5c stock with truly shitty, incompetent and incommunicative Management. There are other stocks to lose or win your money on. 50/50 - up or down, but with upside now severely curtailed (cash runs out in Sept - 4 months from now happier punts elsewhere,

    And of course, Rasta b wit you al and good luck.

    Dang, that surgical spirit tastes good. The conquistador especiales are all gone, the girls dance away and Jackson's dreams of owning the plantation are now but a distant dream.
 
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