Back when CFE assigned Kasombo to FEL citing CFE was too busy to focus on it, I queried the value to shareholders of this transaction.
After reviewing the financials of FEL it appeared that without this asset transfer it would no longer be financially a going concern and TS would lose his directors fees.
FEL was made of all but one director that was already associated with a company located in CFE offices. Effectively a letterhead.
The most recent quarterly again shows no staffing costs so I will repeat my question. What value does the asset dilution to CFE shareholders of assigning Kasombo give the shareholders not named Tony Sage.
Feel free to call me negative but I am the type of guy who confronts the co-workers who eats other peoples lunches even if it is the ''boss". This deal still stinks.
CFE Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held