RE: Chicanery Part II
I'm having a hard time believing a chain of events that pointed to the company becoming very profitable no later than Jan 1 2012. Suddenly we're told that they will run out of cash by the end of March. Sweet deals are made to sell the assets to Gold One and AngloGold at distressed prices. Two deals when only one good company saving deal was required.
My analysis? The current shareholders will shoulder the loss and the assets will go on to become very profitable for their new owners with plenty of great jobs for the existing FIU management. I'm also expecting management to pillage the money that is supposed to be distributed to the shareholders for severance and bonuses.
Is there anything we can do about this? Vote NO on both deals.