First Uranium Corporation T.FIU

10 million

[dubsbs]

please help me  understand

 

I'm a little confused.I thought they said they needed 23 mill out of sale proceeds for operating and transaction costs........... I also thought that the 10 mill facility from gold one was going to be needed in the interm until the deal closes.....Then when deal closes they pay back to gold one 10mill from the 23mill they needed for operating costs.   In short the 10mill loan was included in the 23 mill op & trans costs

[colt451]

No...the 10 million credit facility has always been deductible from the sale price of Ezulwini. In turn, because the Ezulwini sale price drops from 70 million to 60 million, the 10 million credit facility is deducted from the Pro Forma Proceed payout, which is reduced from 36.6 million to 26.6 million. This means that currently the initial shareholder compensation is 0.11/share. However, the

[shiftman]

Djkolish 10 million gone. have you heard of fraud, SNC lavlin, money disappearing police involved . Quit making up sh*t  no  wonder people don't want to listen to you. Do you think the Chief financial officer wants a jail sentence or a law suit. If they use the money to pay bills thats one thing but to steal it is another, or put it in their pocket is theft. Company always stated the

[uranicynic]

dkolish: is it possible for you to limit yourself to one or two posts a day? I've counted at least 14 from you today. They all revolve around your familiar themes of white collar crime and replacing the board. I get it, you're not happy with things, no one is. I personally have lost over 90% . Even AngloGold has lost over 80% of their investment in 10 months. All the funds that invested at