RE: RE: NR before/on May 15th Where exactly do you get the idea that if we go to bankruptcy we get zero? That isn't the way bankruptcy works...what would happen is the debt would be diluted, the company would file, FIU would be sold under the courts, remaning debt holders would be paid first, followed by shareholders with the proceeds. Guess what, that's exactly what's happening right now, except the courts would force fair valuation of assets instead of the low ball offers that current exist. On top of that, if you had actually been following the forum you would have realized that bankruptcy is in no way a likely scenario.
On top of that you wrote that expecting a better offer is more of an assumption or hope...I fail to see your point, as investors all we can do is follow available data and speculate. That is what investing is....
And further to the point, you continue to allude to the idea that we have a choice between taking the current asset sale or 'gamble', but if you had actually been reading the NR's, and what's been posted on this forum I don't think you would be saying that. I'm sorry but at this point I'm fairly skeptical of your motives on this board, you seem to be continually posting things in a backward manner that indicate you are trying to manipulate people reading this board into thinking that there is an argument to be made for voting yes for this asset sale. When there simply is not. The bottom line is that the max share allocation is 0.11/share, you want 0.11/share, sell you shares. But stop talking about 'gambling'...its a bigger gamble to hold on to your shares and vote yes than it is to vote no. Why? Because by holding your shares and voting yes you are gambling that the escrow fund will not be depleted and that FIU will not require more money to continue running operations until the asset sale is completed in August/September. It should be clear that the escrow fund will be depleted and more cash will be needed, so what's more of a gamble? Exactly...