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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Comment by colt451on May 03, 2012 12:48pm
149 Views
Post# 19866974

RE: RE: RE: RE: RE: What will Happen if FIU Voting

RE: RE: RE: RE: RE: What will Happen if FIU Voting

I honestly do not think dilution is a realistic possibility...I have not bothered to run the numbers on it because the debt holders would have to be suicidal to decide to dilute instead of simply renegotiate the terms of debt. I mean, what would you choose, another 2 years with 7% interest with your debt connected to tangible assets, or being diluted, losing your "first paid" position, and losing your claim against FIU's primary assets? No, I think the debt will inevitably be renegotiated, the question will be what interest will be paid...we just have to wait and see and then react as more information comes out, speculating is impossible at this juncture because of the lack of transparency, if you read the link I just posted it describes the large shareholders retaining lawyers just so they could force FIU into transparency. 

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