Dev on PLS auction, Fission 3.0 and end of November merger
Excerpts from Dev Randhawa's Sept. 9 video for shareholders, posted on Fission website:
0:33 - 0:56 - Auctioning PLS:
"In this situation, put it under one umbrella, it's much easier to create an auction. If we've got one buyer, we've got a bid. If we have several, two or three, at least, we can have auction, and that's what I think is in the best interests of our shareholders. It maximizes shareholder wealth in the long run, which is the job of management. So I think it's crucial to get it in one spot...."
1:32 - 2:02 - Hang onto your shares
" ... we've come to friendly terms with them (Alpha management), which is fantastic. The key piece here is that, in this Fission Uranium, you're owning to have this one entity which is 100% of the PL asset, and then when we do do the merger, this wonderful spinoff. We're going to call it probably Fission 3.0, our spinco. It's going to have our other assets, plus it's going to have this technology that has been really key helping find this PLS deposit. And that's going to continue to stay with us as well. So I encourage them to hang onto their shares..."
2:19 - 2:51 - End of November merger closing:
"The end of November we should close this deal (with Alpha) if all goes well, and at that point we'll have everything in one spot, and I think it's much easier to sell to another company. I do believe that's what out job is, is to look at things differently, make a discovery, and then monetize it. And do that. And that's a really important step we've taken to get to that end game of, sell the whole asset. We don't know when it's going to happen but it's gonna be a lot easier now that we've got it in one umbrella."
Link to full video: https://www.fissionuranium.com/comments-for-fission-shareholders-regarding-the-alpha-transaction/