FAS 0.00% 0.4¢ fairstar resources limited

Ann: Response to ASX Query-FAS.AX, page-15

  1. 10,824 Posts.
    FAS are suspended because they didn't pay their listing fees, so to get relisted they have to pay their annual fees, unless they can't because they have no cash. FAS confirm they have $0 cash in their 1/4ly report.

    Companies that have no cash and can't pay their bills when they fall due - like listing fees - are said to be insolvent.

    Are the directors absolutely sure they're not trading while insolvent ?
 
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Currently unlisted public company.

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