First Star Resources Inc V.FS

House Cleaning

[Chipshot2]

I just read news that there have been resignations from the board. Smith, Majcher and most importantly, GARDNER, are gone. As you will recall, Gardner was the director that was involved in a lawsuit with Campbell over at Viridis. Hopefully this is the start of stripping this broken company down to the bone to prepare for a rebuild. Chipshot2

[Chipshot2]

I'll bet that the volume we saw this afternoon was those resigned directors selling the few shares they owned. There may be a few more to go but not many as these guys didn't ever take that much ownership in the company. J.M.O. Chipshot2

[ritespec]

Sharing some info extracted from an article August 2011:2011-08-14 13:42 ET - Street Wireby Mike Caswell"(Mr. Gardner joined Viridis's board on June 18, 2009, and resigned on April 12, 2011, two months after he stepped down as chairman. The news of his departure gave no hint of any dispute, only saying that he was leaving "to dedicate more time to other opportunities.)"In

[Chipshot2]

If you are long this company, which I am, (and thanks TSXPLAYER for feeling my pain), you have to view this announcement as being positive. Before things move forward the "deadwood" had to be cleared. Now it is just a matter of time to when John Campbell can resurrect the company. There will probably be more pain ahead in the next few days but hopefully we hear something positive in

[colt45acp]

Chipshot, what makes you think the person who left was the problem. I'VE BEEN WITH fs BEFORE IT WAS FS. dO SOME DD, GOING WAY BACK. dO YOUR OWN THINKING ON THE RESEARCH.

[Chipshot2]

Colt45 asks an interesting question. All I can see is that Gardner and Campbell had a falling out for reasons I don't know. In the summer, Gardner, a director and CFO of First Star sold almost 1 million shares of the company. This in of itself is not unusual as I have seen management of many companies sell shares only to repurchase in a PP. I don't believe that Gardner ever repurchased