RE: Question 50% stake Well according to Betsky
"He added he was willing to be diluted 100% through bringing in a new partner, which would hopefully also lend First Uranium the $150-million it needs to repay debentures on June 30."
"This way both bondholders and shareholders get a better deal," commented Betsky.
In my opinion, we are a lot better off following Betsky and the other large shareholder's lead, they receive the same compensation that we get and they have no reason to mis-lead us, I have done my own DD and I agree...dilution/bankruptcy/better offer, anything is better than the current asset sale terms for shareholders. Everyone is getting taken care by this asset sale except shareholders...well they can't screw us over unless we let them.