RE: RE: The facts... Did you not read my post you literally ignored everything and then warped what I was saying to suit your argument...it is illogical to believe the deal will go through at this point. I detailed out the resulting options FIU will have in my post. Why don't you take a minute to try to think about what you read instead of making yourself look like a idio*t by rushing to make misinterperted assumptions and conclusions.
Every option is better than accepting the current asset sale, because we may only get 0.14-0.15/share under teh current terms - if you don't understand why that is then I suggest you do your DD, best case scenario is 0.26/share you are correct, however, minus the 10 mil credit facility draw down, and minus inevitable class action suits, shareholders are only gauranteed 0.14-0.15/share. But again, it is mathematically improbable that the asset sale will go through given the facts we have. Do you think the large shareholders (Sprott, Olma, Stratton) are voting against the asset sale for fun? No, they know exactly what we know, that there are better options. Do you really think anyone who has held FIU for 1 year + is going to accept an asset sale that values FIU at 0.15-0.26/share? Not going to happen.
1) The terms of the debt is renegotiated, no one wants dilution if we can prevent it, and after the asset sale is voted down, debt holders will have no choice but to accept dilution or renegotiate. Simple as that. The reason we are getting the proverbial shaft right now is because debt holders get taken care of first followed by us. If dilution occurs we are all in the same boat, this is not something the debt holders want, consequently, they will in all likelyhood choose to renegotiate the debt, and maintain their position of power over shareholders, instead of losing their privilaged position. That is why we choose dilution. What is the worse case scenerio if dilution occurs? Bankruptcy. In which case all assets are sold under the court, and because the debt holders are now shareholders, they receive the same share offering as us. We receive substantially more in this scenario then we do currently, because the courts oversee the sale and there are no debt holders, only shareholders, meaning the asset sale proceeds go directly and solely to shareholders, and while there will be more shares out, we still receive more.
2) Accept a higher offer from AngloGold and Gold One that is closer to what the asset's are realistically worth.
3) Find financing from somewhere else, as Sprott suggested doing.
On this board we have 6,000,000 shares, why don't you find that many to vote yes and then come back and talk to us. There is NO support for the asset sale except for the guys who literally just bought in, and they only support it because they have no idea what they are actually voting for.
6 MILLION SHARES. Find enough support to counter that, and then go find enough support to counter the 41,000,000 shares the large shareholder group have.