More Caveats minus One, page-7

When you look at the overall picture "loans" 11,000,000$ others 3,000,000$

cash on hand 52,000$ certified valuation 385,000,000$.

Payments on some loans not made, reported in the fins does nt specify mortgages , rates overdue (lets not start that again pls) ridiculousness interest rates on SOME of the monies outstanding

These may be so small eg 150,000$+ here and there up to 3,000,000$ which really are worth a peppercorn if we get up.

Its a lawyers smorgasbord, as they would have had their finger in the pie when the
original instruments where drawn up.


Plaints and caveats are for debt collectors, obviously there is no money. These, with due respect are probably small businesses that NEED and should have paid, as it effect their cash flow and ability to trade, and of course it is unfair to have 30 day a/c and not honor them.

ASX has withdrawn FairStar's right to trade. 52,000$ definitely will not be enough to satisfy the answers given to the 5B.

Dont forget quarterly's due in 5 weeks, and I would imagine will be drawn out to the deadline. March 30??

While SHIP and Karnalpi are alive mortgagees with will move IMO.

a if it is worth less than zero, why bother with the associated costs and destroy every others debtors ability to get paid, lose more money to do it, and let FairStar off? They want their money,

b as long as the SHIP is afloat there is every chance, every chance, every chance that some finance will be forthcoming.

Thanks to Mistie for you snapshop

The priceless poster