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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Comment by colt451on Apr 28, 2012 12:34pm
150 Views
Post# 19847928

RE: VOTES -- Default

RE: VOTES -- Default

I am 100% sure that only votes cast are counted....now what is interesting is that the AGA transaction requires 50.1% approval outside the related parties, meaning that the AGA vote requires FIU management to find a minumum of 41 million votes approval to counter the large shareholder group 'no' vote. All the while the large shareholder group only needs 40 million votes to definitively defeat the AGA asset sale by reaching the 80M 50% threshold. Given HMMMM's post, it seems like the majority (if not all) small shareholder's are on our side, but we need to keep pushing. So essentially, as long we play our part guys, and vote, we have complete control over this asset sale. BUT WE HAVE TO VOTE...

 

"In order to approve the AGA Transaction 66-2/3% of the votes cast by shareholders of the Company and 50.1% of the votes cast by shareholders other than AGA and certain other related parties are required. With respect to the Gold One Transaction approval is required from 66-2/3% of the votes cast by shareholders at the meeting. "

 

I honestly feel very little for those who bought between 0.15-0.25, however, I do not want another investor to be manipulated by FIU management. The max shareholder compensation at this point is roughly 0.11/share, realistically, shareholders can expect anywhere from 0.1-0.11/share if this asset sale goes through. FIU management has literally told you this. Literally, the only people that win in this asset sale at this point are Anglogold Ashanti, Gold One, the debt holders, and possibly FIU management for orcherstrating this. 

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