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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Comment by colt451on Mar 07, 2012 10:25am
240 Views
Post# 19637843

RE: first 36.6 million and 25.4 on escrows...

RE: first 36.6 million and 25.4 on escrows...

It is not going to be .26 al182, I am beginning to think you a little thickheaded. The escrow fund will only be distrubted if the claims against the asset sale or less than 3 million. Now, given that large shareholders, such as Sprott own more than 5 million worth of shares, we can expect the claims against to be higher than 3 million. I challenge you to find an instance where a company lost 90% of it's value and then sold it's assets below market value and a lawsuit wasn't filed. It does not matter if they win or not, the litigation itself will take                

anywhere from a 1-5 years. Which means that 0.10 cents will be tied up in litigation. In my opinion, given that Village calculated 0.19/share I think that they have a good idea where the lawsuit is coming from, it looks like they calculated about half the escrow fund would be needed to mop up any claims (I'm fairly certain it's Sprott given RBC is behind the sale). So yes, the lawsuit may fail and you may get your 0.10 cents but your going to be waiting a year+ for a whole 10% and that's if your lucky. I have a feeling that there is a strong case to be made. 

I have no idea why you are pumping, I own more stock than you, I have no reason to be lying, and I have clearly posted the information for why it's in all likelyhood 0.19/share. You are dillusioned and a poor investor if you still believe that there is a strong chance of receiving above 0.20/share. 

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