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I wonder whats happening in fortess FAR, page-2

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szaba_the_hut

14,171 Posts.

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15/04/20

08:17

Post #: 44044829
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Originally posted by cujo: ↑

With finance down the Shute, the project now on indefinite hold and all borders closed what do people think the board are doing in their isolation?
With small caps reducing their expenditure and taking haircuts in pay fortress FAR continue to isolate on full pay.
They made great pains on the 30th of March telling the herd they had at the end of February $150m in cash and no debt when they could have said at the end of March.
The quarterly will no doubt expose what happened during March in fortress FAR where in typical FAR form they conveniently omitted.
The FAR board obviously believe shareholders are complete idiots when the company purposely omit outlays we were told for that March quarter.
They could have said the March outlay had been postponed, but didn't.
After failure after failure the company still does not come clean and still treats shareholders like mushrooms.
CN surely must be on her last legs as she sits in isolation pondering her position in this company.

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March would have revealed legal bills I guess.

Isolation is good - I hope the board ruminate on their abject failure to deliver value to shareholders.

FAR Price at posting: 1.8¢ Sentiment: Hold Disclosure: Held
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