I do not hold stock but have been in and out a couple of times - not made money but have not lost either -
FAS is a conundrum - if funding was so close and was about to announced within a few days why would a Director resign
On the other side of the coin KR has made it plain to everyone including the ASX that he and his Board expect the funding to get over the line
Imminent is a word that FAS can no longer use with any credibility
How this plays out is anyone’s guess - I sold for only one reason - that is I could not see the major funder hanging around for the length of time all this has taken with that much money sitting idle and that they would want to vet who was putting in the remaining funding because if they do not come good their money may be at risk
Only my thoughts and I do sincerely hope that FAS get up
Clyde
FAS Price at posting:
1.9¢ Sentiment: None Disclosure: Not Held
