Ann: SFG Retirement of Director, page-6

To seek and appoint suitable candidates takes time, then there is a transition period to allow the new team to settle in.

And there lies the considerable risk:

• Will the new directors be more capable than those they are replacing? That is not a certainty of course; the original directors would have been appointed with the same requirements/responsibilities/goals, and unfortunately they failed miserably.
• Covid, unpredictable weather, and significant increases in labour and materials costs simply add to SFG's financial woes and will make survival even more difficult.
• Given the necessary transition period, will they be able to get up to speed before the company runs out of funding and goes into admin?
• Yes, I believe admin is a big possibility at this point. The next cap raise (almost a certainty) will be at what price? 1.5 to 2 cents? You can forget about a 2.5 to 3 cent raise given the dire straits the company is in. I don't even think any instos will be willing to participate given SFG's current circumstances, and I doubt shareholders will be foolish enough to throw yet more funds into the black hole/money pit that is SFG. The share price graph says it all: