Stuff I see happening on this message board... I have noticed a lot of divisive posts lately as well as a lot of posts flying about with regards to Sprott.
I myself am a new member and sometimes it's not easy because long-standing members are perhaps not as patient as they should be with new members. Either that, or they don't trust us. It's not surprising that new members would join though. When a stock is down and there is controversy about management, that's when people seek out and reach out.
With regards to Sprott.... well, Sprott knows what they are doing. As far as I am concerned, they are la creme de la creme when it comes to investment firms.
It is not for us retail investors to call the shots or to clamor for an EGM. We do not have the votes, money, resources, knowledge or experience to do so.
Sprott calls the shots and we support them. They will need our support.
If Sprott can get enough votes against the deal from retail investors, FIU management will be running scared. The last thing FIU management wanted to see is Sprott come out against the deal, believe me.
Right now, it is completely normal and expected that Sprott isn't saying much about their strategy in public or to people who call them on their public relations hotline. Public relations officers are worse than diplomats when it comes to revealing things. Their job is to smile, talk nice and commit the company to NOTHING, so don't be upset or despair.
The game is far from over. In fact, it is just beginning!
I am confident that if Sprott thinks they have enough votes they will do whatever it takes to get value for their FIU investment, including calling an EGM or for a change in BOD.
I am averaging down at .14 and buying another 200k shares.
As for the rest, it`s all in my response to Colt