CONCRETE PLAN OF ACTION Colts' article is spot on and part of the reason I have decided to take action.
This is the first time I do anything like this and it's exciting. At the beginning I felt angry and powerless. When the Sprott article came out I had hope. When I saw over 4 million shares rally up against the deal (thanks to Dkolish) I was further encouraged. Now that I have decided to take action and be proactively involved... I feel empowered!
I ran the numbers and calculate that the Sprott group is short about 40 million shares. Of course, they can go out there and get a lot of the missing votes from other institutional shareholders, but I think that us retail shareholders also have a role to play and need to make our voices heard and our shares count.
FIU management is surely discounting all of the retail shareholders, thinking that we are disorganised and scattered. I suspect that they are going ahead with this horrible deal because they probably figure that Sprott and company don't have enough votes and that not enough retail investors will step forward. This is where we have a critical role to play.
If we were alone in this, us individual retail investors would have no hope. But with the Sprott group leading the charge we can make our votes count by adding them to theirs.
This is why I plan to get a shareholder's list and call as many retail investors as I can. With the help of volunteers (we' re only allowed to call 15 shareholders each) we can reach most people on this list (at least the bigger shareholders).
If we were able to get 4 million shares to vote against the deal on this message board alone, I am pretty confident that we can get over 10 million shares total to vote against the deal. The important thing is to get this done and approach Sprott to let them know they can count on our vote!
I wanted to also thank those who got in touch with me offering to help out. Will let everyone know as soon as I receive the list (I suspect it will take a few weeks).
Best regards to all,