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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Comment by colt451on May 23, 2012 2:47pm
128 Views
Post# 19938732

RE: slot of people who planned on voting no....

RE: slot of people who planned on voting no....

It's not .11/share so I doubt anyone will vote yes. It is 0.0-0.11/share. Unless you forgot that FIU has to be in cash positive position at the time of the asset sale's closing, and did you forget that FIU had already drawn on 8/10M of the credit facility - by now that credit facility is gone, and I bet that FIU will be telling us that they need another one now - further deducted from the Pro Forma proceeds.  And of course I'm sure you decided to ignore the fact that FIU has told shareholders that any further expenses over the 10M credit facility will be directly deducted from the pro form proceeds. 

 

You've been on this board long enough to know this

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