Oh, and its being raised for "working capital" - that's a fancy way of saying "we are almost out of funds to pay directors their fees and we need a bit more".
After 2 years of virtually no activity, no communication and a horrendous performance on the market; imo the better approach would be to sell whatever assets you have left, pay a few cents to shareholders and close shop.
Like I said before...worst investment ever...and a quick thank you to my broker for putting me in this "wonderful" stock.
FIE Price at posting:
1.2¢ Sentiment: None Disclosure: Held
