On January 11, 2013 Starfield came out with its financials and Management Dicussion and Analysis for the period ending November 30, 2012. The MD&A shows that the company has a liability to shareholders of $1.76 million dollars for not incurring $2.888 million dollars of the $3.789 of the Canadian Exploration Expenditures required with respect to issuance of flow through shares in May 2011. This liability is unfunded.
Further the company stated that it is down to about $700,000.00 and believes it will run out of money by April 2013 without a new financing or money from sale of assets.
Could things be bleaker for existing shareholders?