RE: RE: RE: New management yea youre completely right on that. but, the simple truth of the matter is that FIU has no way to raise 100MM to pay off the debentures, regardless of the production numbers this year they just dont have the cash... whos gonna loan them the money? MAYBE they can call a meeting and extend the debentures... but if thats the plan they need to call a meeting ASAP cuz it takes time and if the debt holders dont agree they need time to find a backup plan.
Furthermore, Ashanti already has a large stake in the company and they can probably get lockups with sprott and some of the institutional investors. all they need to do is get to 66 from 20 and they can force everyone else out...