RE: NR before/on May 15th Hi I Agree Colt. We dont need to watch all the time but its kind of human nature which hard to stop looking at this :)
You and couple more seems like have more knowledge of this company then most of us. Dont worry we all ultimately have to take our own decision but we also have a responsibility here to share Truth .
Now I guess we all have to come up with final strategy.
What I gather from this forum so far
* The FIU managemnt is not doing good and this deal is not in benefit of sharehlders.
* As per asset and production of FIU this company worth more then the offer but still company ready to accept low offer.
* We all have to Vote " NO " for upcoming voting even this " NO " may lead the company to Bankrutpcy and chances are we may loose all remaining money .
* There is also a little possibility some one come up with better offer but that is more kind of assumption or hope.And if it become true then we will be able to recover most of our money or may even make a profit depending upon Avg price.
* in the event of this Voting result is " YES " then max price of share is .11 Cents / Share Plus escrow amount if any left for share holders and that may take max payout to .21 cents / share.
Now we have to strategise whether we go out by taking what ever we can or Gamble to get more or loose everything.
I am ready to gamble based on current info and risk :) unless some thing different come out in information package which company will send by 15th may.Keep finger cross :)
4.