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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Comment by colt451on Mar 03, 2012 1:07pm
180 Views
Post# 19622291

RE: FIU average .205 cents a share in the

RE: FIU average .205 cents a share in the

Actually your wrong...are you working for FIU trying to get this pushed through or something? The minium that shareholder would receive is actually more like 36.6 mil, which is 0.15/share. They have money that will only be release if there are no claims, i.e. lawsuits, made after the asset sale is approved. Think there won't be any of those? That fund will get depleted because if even one large shareholder like Sprott decides to send their lawyers after em that fund is in trouble. A class action suit may well develop if shareholders are not compensated adequately, especially with FIU's record. So no, 0.25 is not gauraunteed, in fact, under the current offer, I believe 0.25 would be an optimistic outcome. 

 

Yeah...not so great no is it. 

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