Futuris Company (FTRS)

[OneDay4488]

In Quarterly Report: What do you think?

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=32286

Someone thinks the stock is worth atleast .008 per share !! 110,000 debt for 13,750,000 shares is .008 per share !!


The Company is presently in default on a promissory note dated October 1, 2008 in the amount of $100,000. The note was due in full on January 1, 2009. Outstanding principal and interest as of September 30, 2009 is $110,000. The note is convertible into approximately 13,750,000 shares of the Company’s common stock at the discretion of the holder. While the Company remains liable for this obligation, the new management of the Company has an agreement with certain shareholders of the Company to settle this and any other remaining liabilities resulting from discontinued operations.