Remember this Pearler from the Past quote from Mr Robertson, you should as it is the most recent and only a month ago:
2014 Oct. ‘The confidence evidenced is enormous and I trust that Fairstar shareholders will take comfort from this agreement".
How would that be possible as even the auditors weren’t convinced that the I-World convertible note agreement is credible or enforceable and recently did not give an opinion in regards that the Company is a going concern. What chance do we have? Fool me once, twice but a third time – no chance.
There is no doubt the ASX and other authorities are now looking into these deals and others. Someone needs to look after the interests of investors and shareholders as hard earned money should not be invested in this Company whilst there are credibility and performance issues circling this Company.
If the I-World convertible note agreement has any substance and credibility to it, then the Board or perhaps the ASX should request that the $10M be placed in a trust account with no conditions and a draw down facility that can be implemented if the resolution is passed at the AGM by the shareholders.
I sincerely hope this eventuates as I do not want to hear that other Mr Robertson Pearler from the Past quote a third time:
2014 Mar. “…The transaction was not in the best long term interests of Fairstar and its shareholders”.
But 5 years on, 101 3B’s and 2 Billion more fully paid shares is!!!
Best of Luck. DYOR, please.
Remember this Pearler from the Past quote from Mr Robertson, you...
Add to My Watchlist
What is My Watchlist?