STAR latest financials 1- They should proof -read their texts before publishing. MD&A and FY have some dates wrong, and some ref wrong (e.g. MD&A March 2021 bears the mark that STAR has the licence to use the patent from their CEO and Chairman of the Board .. thought the whole intent of the 'revolt ' of 2020 was to get rid of Kapadia. Maybe he is still around.
2- Talking about that, MD& A March 2021 shows the debt to Kapadia going down from $2,2M to zero, due to the Notice Of Intent approval. Going through the documentation I read Kapadia received (?) $50,000 from the NOI against the $2,2M, but I also read in the documents that a settlement has been reached with Kapadia for dropping the Application to Commercial Court. I have hard times believing that teh guy is graciously fading away from a potential $2,2m with only $50,000 in his pocket. Is there a deal shareholders should be knowing ?
3- Some shareholders apparently pushed an additional $953,000 to the company (MD&A p17). For what, under which conditions or under which information they were privy to ?
Still on the same page CEO (who ?) is owed at March 2021 $ 101,000. What is the burn rate of that zombie company ?