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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Comment by colt451on May 03, 2012 11:17am
97 Views
Post# 19866305

RE: What will Happen if FIU Voting Result come out

RE: What will Happen if FIU Voting Result come out

I have no idea why I'm answering this question again...

 

If the asset sale was approved by some miracle shareholders get shafted, period. The initial compensation would only be between 0.01-0.11/share, this will fluctuate depending on how much money FIU needs to continue running and at the rate that management is burning through cash, the initial compensation will be less than 0.11/share. Their is no point in believing the escrow fund will be untouched, Olma has made it clear that they will be filing lawsuits against FIU if the asset sale were to go through, so, even if FIU did win the case, the escrow fund would still be substantially depleted, and you would not receive payout for 1 year+ while the case was going through the courts. On top of that, if the escrow fund is fully depleted, and I think it's clear that class actions suits will be filed...you would only get something below 0.11/share. 

 

The credit loan has been accessed. The Pro Forma Proceeds have dropped from 36.6 million to 26.6 million, meaning that shareholders would only receive 0.11/share initially, followed by 0.0-0.11 a year or more later, for a possible total offer of 0.11-0.21/share. There you go. 0.11/share. Who the **** is going to vote for that. 

 

I would guess your debenture holder or something, because this was addressed a few hundred times already on this board, and your clearly choosing to ignore what people have  said. And your math is way off...

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