Well it seems that company did the same and this is what was stated
Fairstar managing director Kevin Robertson told _WestBusiness _ yesterday there was no chance the latest deal would follow a similar route. He said the company's due diligence had assured it that its mystery backer, Alliance Resources Group, had the financial capacity to close out the agreement. While he would not name the ultimate backers of Alliance, which is operating through a series of Australian holding companies, because of confidentiality agreements, Mr Robertson said the group had done "billions of dollars" of financing work in Australia and overseas. "We've been down a path of heartache for too long, and now we want to move forward," he said. "We've got everything ready to go, and all we needed was this money." The Victoria-based holding companies being used by Alliance have only two directors, Kenneth Grimmond and Jeffrey Perrey. Their ultimate local shareholders, Superkite and Kirep, have only one director, Sydney lawyer John Stammers.
PDY Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held