what does everyone think, page-8

Hi All,

I've been a FAS holder for a couple of years now and sold all of my remaining stock (sold a large portion Nov 08) yesterday arvo.

Im still holding options.

Cash burn is through the roof in my opinion, remember they borrowed a huge amount at a ridiculous interest rate while they waited for the Opes settlement.
Well Opes paid an installment recently and I have yet to see any indication of that money paying down the principle on the new loan.

Now they come back to us cap in hand for another $2.5 mil without, in my opinion, sufficient reporting of the work done with the borrowed funds over the past 5 odd months.

I still think FAS may go somewhere in the future but for me it has now become more of a punt than an investment so Im walking.

Best of luck to all that choose to remain as holders.

Ben