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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Post by uranicynicon May 31, 2012 9:16am
231 Views
Post# 19964595

Lack of skin

Lack of skin

Management is not sitting on an investment loss in First Uranium unlike us shareholders. They will lose their salaries when the company disappears but that could take a long time because it's not being taken over in a conventional way. Conceivably Deon van der Mescht could be collecting a salary and charging it against the escrow funds until they run out. They also got bonuses that get paid if we vote Yes and the deals are finalized.  Thay have a lot riding on a Yes vote. I assume they all are intending to join either AngloGold or Gold One in the near future. Gold One's CEO Neal Froneman, hinted that he feels he has a legal deal to buy Ezulwini at $70m and he's not paying more. Interesting that he doesn't see the FIU shareholders' acceptance to be any concern of his. 

Suddenly we're getting inundated with companies that have never had any interest in FIU offering opinions expressing support for the deals. They promise us superior, immediate returns if we vote yes but don't offer a number. It's hard to believe that companies like ISS and Glass Lewis and Co can offer opinions without stating whether they are being paid and who by. 

 

There is only one option for 99.9% of us and that is to vote NO

  

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