I've raised the issue here a few times and even I am somewhat surprised at the lack of interest in discussing this issue. I'm glad to hear that there is still some willing to ask the tough critical questions given it's their hard earned dough at stake and which FAR is asking shareholders to put more into.
It seems FAR's Dear Leader has just not considered shareholders worthy of being informed and many holders have just accepted it. Some are still referring to it as a 'successful capital raising' which is what the Dear Leader called it, despite the deadline being missed.
The third bank was supposedly getting it approved last week... yet we've heard nothing.
Either management just have no respect for holders to let them know what's going on despite passing the can around for more cash, or the third bank has said 'no', and it's triggered a complete collapse in the financing strategy and now they're busy scrambling to try to salvage what's left of the wreckage.
Either way, it would've been good if the market was informed. Imagine that.
FAR Price at posting:
4.3¢ Sentiment: Sell Disclosure: Not Held
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