FAS fairstar resources limited

Forfeiture Action x 2, page-13

  1. 793 Posts.
    lightbulb Created with Sketch. 28
    If I recall correctly a mortgage over FAS assts is one of the conditions to the $10m convertible notes. If the title to the assets is in doubt or could be lost due to multiple plaints this not at all good, in my opinion why would one want a mortgage over something that could be lost? with multiple plaints the legal expenses for FAS are going to be significant let's hope the convertible note financiers are willing to take on significant extra risk. If I was in thier shoes and they liked the assets I would consider talking to the Plainters !!!
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.