question ?, page-3

This is my worst case scenario.....
9 mill FAS at 0.7c is $63,000. As the price falls, they'll pick them up cheaper.
A listed Shell is worth $1.5 mill +.
If the company folds, the SHIP project would go to settle debts. FAS would become a shell with no assets.
The new owners of SHIP would put it back into a re-named FAS, call it SHIP Mining.
Existing shareholders would have their holdings revalued by 90% in the restructure. The winners would be those who financed at high interest rates, were the 3B beneficiaries, and inherited SHIP. Oh, and THEY will get the $300 mill financing.
How's that for a horror story?
Tell me it couldnt happen.

GZ