RE: RE: RE: What will Happen if FIU Voting Result There is "0" possibility for the share price to go over 0.21/share if the vote is yes. Are you that thick-headed? Is this difficult to understand?
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.
Furthermore, the maximum share price of 0.21/share has just gotten even more unlikely, given the article I just posted explicity stated that the large shareholder group had retained legal counsel, guess what's coming down the pipe...a lawsuit. Escrow fund just got tied up. So 0.01-0.11/share.
Now, concerning possible share prices after the asset sale is voted down. It is impossible to say, no one can tell you, due to the complexity of choices that must be made and the multiple options which would change each scenario, I'll explain
1) The debt can be diluted or extended (2 possibilities). However, there can be various degrees that the 2012/2013 debt can de diluted or extended meaning that it is impossible to calculate what will happen with the debt. Some may be diluted, some of the debt may be extended...we just don't know.
2) Will AngloGold and Gold One provide a higher offer? Will only Gold One provide a higher offer? Will only AngloGold provide a higher offer? Will the Renova group provide a higher offer after the asset sale is voted down? There is no way to know.
3) Will management be removed? What would new management do? We don't know, now there are lawsuits coming down the pipe, who knows what will happen.
4) Will EZ be profitable in May as management has said? Meaning that EZ and MWS is profitable would mean FIU is a profitable gold junior. This would have a huge impact on the share price...but again, is management's projections correct? We don't know.
There is no way to know what is going to happen after the asset sale is voted down, there are to many variables to calculate it. All we know, is that it is illogical to vote for a deal that gives shareholders a maximum of 0.11/share.