Dekski "as their wages are secure and increasing!"
- according to KR at the AGM directors had not been taking a salary in order to keep the money raised to work on the tenements - if FAS goes under they won't see a penny of back pay so I do not agree with your statement that their wages are secure
The reason some people here including myself post positive stuff on occasion often centres around having a conversation with KR who is so positive and enthusiastic on the project and yes is a tad sharp if you try and criticise - the problem now is that this rhetoric no longer cuts the mustard and one would have to wonder whether ASIC are keeping an eye on their solvency or if this all falls in a heap and the creditors accuse the company of trading insolvent then things could get very difficult for the directors - they obviously know this and none have resigned yet which in itself is a good sign
In the end they have very special resource for reasons that have been posted a number of times on HC - there insistence on following this funder and not any other deals may prove to be a master stroke or a very bad corporate decision - time will tell - and as Dolce has said that is one resource that they don't have a lot of left
Clyde
FAS Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
