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Bullboard - Stock Discussion Forum First Uranium Corporation T.FIU

TSX:FIU - Post Discussion

First Uranium Corporation > NO DILUTION - Bankruptcy is the best option!
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Post by BillyK on May 11, 2012 7:09pm

NO DILUTION - Bankruptcy is the best option!

Does anyone know why we have to vote on a new dilution of shares?

I think we should all vote for NO dilution and force this into bankruptcy. Then we will see what other buyers are really out there, as the FIU board and managemnt will not be in control the process, but a Canadian accounting firm will. And they will run the process fairly and with transparency. Also, AGA then has no more power at all.

Comment by Critical_Mass on May 11, 2012 7:22pm
This may not be a bad idea.  I'm not totally sure yet and need to think about it more though. That's a big step. I suspect AGA's meddling is why we have this offer vs the other superior offer of 25c plus 8c conditional that the board received for the whole company, but decided they didn't want to accept.  Likely because AGA didn't end up with MWS which they badly want ...more  
Comment by lefmike1 on May 11, 2012 10:15pm
Guys, I was orriginally concerned about going into receivership NOT ANYMORE, I think before this ever gets to receivership, AGA will be back to the plate following hopefully a few other bidders.  But if it was to go as far as receivership  at least I'm confident that it will be transparent and the/re more than likely be no bonus for those thieves in South Africa.  
Comment by Hmmmmmmm on May 12, 2012 1:33am
BillyK I tend to agree with you. Vote no for dilution and get this out of the hands of FIU mgmt.
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