RE:insaneRoss was just pointing out in his blog some of the options which are many more than just trying to sell FCU before the merger, as without putting NXE's deposit together with FCU, it isn't likely large enough to support a mill. So after the merger they have several options, one of which is to sell FCU to someone who wants it and NXE, or hold onto it and add NXE. I think this is highly likely but depends on success of summer drilling, PEA etc. Also depends on whether RIO or someone else (CCO) takes them out before they have time to do anything after the merger. At these depressed prices, ideal time for someone to take a run at them after the merger, RIO being the obvious, and CCO saying hold on a minute, not in our back yard, and they fight it out with competitive bidding. We c....
EquityInvestor1 wrote:
The audacity of these clowns (FCU management) is sickening. Publishing post merger plans under the assumption that this merger will pass (before the first vote is even cast) IS UNHEARD OF and demonstrates the lack of tact and/or a complete disregard for shareholders that these buffoons exhibit. It would be one thing to post a proposed business plan IN THE EVENT OF SHAREHOLDER APPROVAL OF THE MERGER but to operate under the assumption that the deal is done is a business no no and speaks to management's complete lack of respect for shareholder's rights. Don't be psyched out by these games (unfortunately carried out by our own management team) and retain your right to vote this deal down. The more I see the real "face" of FCU management the more I am worried about this investment and the more things I begin to question ...
And you wonder why no big institutions would consider holding this stock or established companies would talk to management??? Stop acting like two-bit shysters and maybe we could get a real deal done and/or the stock won't be trading for pennies!!