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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Comment by Critical_Masson Jun 13, 2012 10:33am
330 Views
Post# 20007984

RE: Shareholders meeting...

RE: Shareholders meeting...

Yep.

Very frustrating.

All the resolutions passed.  I didn't write down the exact total.  But Sprott flip flopped as well as Olma.

However we would have won if they stayed the course.

To the best of my memory.

On an absolute basis the totals were 106-108 m for and 11m around against including related parties.

However when they took out the related parties it was 55m for and 11 against.  Put the funds on the other side and you do the math.  It means outside related parties they had almost no support.

Interestingly though the dilution resolution would have passed 52-48%

However, there were a number of voting irregularities. I found out if you entered your own name in that box you had to be there to vote them.  I got into a considerable discussion with someone from Computershare about this before the meeting started.  And pointed out I personally called and asked Broadridge this, as well as others I knew.  And to top it off they didn't have 200k shares of mine on the ballot. And there was no possible way to reach the number listed using any combination of the 3 proxy forms I had. They apologized but said it was just the number they received and outside, and that there was nothing they could do as they don't get the proxy sheet information and that errors like this are common.  What I wonder is how many others this also happened to resulting in undercounting, or not counting.  What is clear is our proxy voting system is a complete sham that I would expect is some third world country, not Canada.  It is clearly an absolute disgrace. 

Anyway it was very frustrating with a number of bankers sitting around after congratulating themselves.  The meeting starts again at 3, but I don't think I will go.

If anyone does can someone please ask if there is any value in the tax loss shell or any other assets worth anything outside of what is calculated in the 33c.

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