Disagree with me all you want, check the financials - freely available on the ASX announcements. The outgoings when matched with the pay to CFE staff and directors leaves very little for 'other staff'
This is not a different/sister company, just a different letterhead and another pay-check for TS and his buddies. Lets also point out the allocation of 10,000,000 shares to a mysterious deal facilitator - (a cool $250K for nothing job)
The following is form the latest report dated - 25/08/17
Lets look at the team (from the Director and Key Management statement)
TS - Nothing more needs to be said - 60K
Nicolas Sage - Looks to be Tonys Brother - 36k
Kenneth Keogh - The odd one out, can not find a named relationship to TS here. - 36k
C Grant-Edwards - CXU (Another TS group) CFO - NA
E von Puttkammer - CFE - Investor Relations - $35K
= Total #134,738
Let's look at the only two employee related lines from the annual consolidated... Employee benefits expense and directors remuneration 3(c) (99,738)
Consultants costs (35,000)
= $134,738
Summary - FEL LTD is 5 people, 4 of which have other jobs with in TS circle. They have no staff.
So based on what is above, tell me how
- this is nothing more than a pay-check claim and an effort to keep FEL on-market
- this deal is worth $250,000 worth of share give away.
- That CFE shareholders will benefit in anyway from this deal.
- If the intent is to hire people to manage it, why not do so through CFE - what value does FEL provide to this deal.
- Do you feel that ASIC are ignoring this deal?
CFE Price at posting:
2.3¢ Sentiment: Sell Disclosure: Held
