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Bullboard - Stock Discussion Forum Foremost Lithium Resource & Technology Ltd C.FAT

Alternate Symbol(s):  FMST

Foremost Lithium is a hard-rock exploration company strategically located to capitalize on the world's growing EV appetite and is committed to being a premier supplier of North America's lithium feedstock. As the world transitions towards decarbonization, the Company is focused on exploration and growth on its 5 Lithium Lane Projects in Snow Lake Manitoba. Foremost Lithium also has the Winston... see more

CSE:FAT - Post Discussion

Foremost Lithium Resource & Technology Ltd > Oh it gets worse - their Financial Statements are out - ouch
View:
Post by KozmoT on Sep 03, 2021 1:20pm

Oh it gets worse - their Financial Statements are out - ouch

For the period ending Jun 30th they spent a whopping $21,000 on exploration ALL TOGETHER !?!?!  Wanna know what they paid themselves in Management fees or "Consulting Fees" ...  $145,000.

I kid you not.

To make it worse they were down to $472K in Cash but had $712K in Accounts Payable.

You can look all those figures up for yourself if you don't believe me.
Comment by Martyboss on Sep 09, 2021 2:59pm
Funny how ,with all this info  you have put on here  about this being such a scam ,it continues to climb .lol
Comment by KozmoT on Sep 09, 2021 6:06pm
I notice you had nothing to say about the FAT numbers I posted.  Can you explain why the price might be rising considering the following is a cut and paste from their most recent Monthly Progress Report ... "3. Describe and provide details of any new products or services developed or offered. For resource companies, provide details of new drilling, exploration or production programs and ...more  
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