RE: RE: drifting down-stay in the momentThe deal as curently written is between RBC , Simmers& Jack and Gold Wheaton.
When its done FIU will have 180.8 from memory common shares, Simmers Wheaton will hold paper until march 2013 which at that point they can convert to common shares at 1.30 or whatever they are trading at.
simmers will own x number as stated.
The African investment bank already owned shares in FIU other transactions in past years.
TSX must approve, do the compliant thing.
That's what i read.
If this should change then compliant think will have to start all over again.
Wheaton and Simmers are holding the company dept.
Sure if they turn it around and the shares rise to say 5.00
They got them at 1.30 x 14 million to wheaton
1.30 x 14million x 5.00 is a nice cap gain
plus GW has two gold contracts and when deals complete GW share price according to Canacord 4.75.
Im taking it one step at a time.
Few phone calls to RBC making sure they know that it might be my money going into the deal.
Bob Taits input
thats all you can do or sell not worry about it.
Call to the tsx make sure everything is above board.