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44.8¢ far limited

News: FAR FAR Says Debt Financing Not Proceeding As Expected, page-98

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willial

7,434 Posts.

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14/05/20

11:04

Post #: 44614150
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Originally posted by drbrooks ↑

"The cash they just raised should be given back or voted down by the big holders at the AGM as part of the condition of the raise was getting finance for the project so how can these big holders who chipped in at 4.25 cents accept it."

Good morning Cujo

1) Some of the cash has already been spent so how would that be possible and even if it was what would the mechanism be? The only way some $$ might be paid back would be if an action by the placees was instituted and that hasn't happened (yet....).
2) It isn't on the AGM agenda so how could it possibly be voted on?

I think you're dreaming - get a grip my man!

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Most FAR holders have been seduced by the board`s confidence in staying longer in FAR then they should and consequently lost money.
What have FAR`s board lost?
The least we can do is remember their names and if they come up for board memberships in other companies stay away from these.
I still hold a small worthless parcel .

FAR Price at posting: 1.4¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 44.8¢		Change 0.008(1.70%)		Mkt cap ! $41.35M

Open	High	Low	Value	Volume
45.0¢	45.0¢	44.5¢	$31.86K	71.55K

Buyers (Bids)

No.	Vol.	Price($)
1	38	46.5¢

Sellers (Offers)

Price($)	Vol.	No.
45.0¢	79863	4

View Market Depth

No.	Vol.	Price($)
1	290	0.445
4	77794	0.440
3	125551	0.435
2	31704	0.430
1	50000	0.425

Price($)	Vol.	No.
0.450	79825	4
0.455	51245	2
0.460	46860	4
0.465	2600	2
0.470	3931	2

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