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49 North Resources Inc V.FNR

Alternate Symbol(s):  FNINF

49 North Resources Inc. is a resource investment, financial, and managerial advisory company. The Company’s principal businesses include investing in a diversified portfolio of common shares and other securities of resource issuers including, without limitation, resource issuers engaged in mineral or oil and gas exploration and development, with a view to achieving capital appreciation of the portfolio. It invests in all sectors of mineral exploration as well as oil and gas exploration and production around the globe. The Company’s portfolio is comprised of investments that are predominantly Saskatchewan focused on private and public resource issues at various stages of development. Individual projects range from grass roots exploration to near feasibility in the minerals sector and early-stage production of hydrocarbons.


TSXV:FNR - Post by User

Bullboard Posts
Post by currency24on Sep 13, 2013 10:24am
408 Views
Post# 21738181

FNR's Financials/Expenses/Salaries VS Sinking Stock Value and Cash

FNR's Financials/Expenses/Salaries VS Sinking Stock Value and CashI see, from FNR's financial report on Sedar, Tom and Staff continue to collect nice pay/salaries while FNR share holders value continues to sink and the stock moves closer to being illiquid.

Business and Investor Relations - $341,000 to date - For what, this is a poor excuse for IR Team and as a whole for Investor Relations by the FNR Team? Wonder who is getting these funds and what are the expenses, Hotels, Private Jets??, Large Expense Accounts? No Bang for the buck here, waste of valuable cash assets.

I see TMM Portfolion AKA Tom continues to collect fees for TMM's get investments and MGMT??? I believe Tom's wife Nicole is paid by TMM, Tom please correct me if I am mistaken or wrong.

Prodessional Fees still being paid - to who? for what? same cast of people who have been collecting these fees all a long - ID them please? 

Current Liabilities exceed Current Assets? 

All the above in my humble opinion and review of SEDAR Filings by FNR. Tom please do correct me if I am in correct or made an error.


Bullboard Posts