RE:RE:43-101ILUVDIVIDENDS wrote: It will remove the rampant speculation and torpedo share price.
Rampant speculation?
FCU: 396.7mm shs (O/S + in the money options) * $0.70 = $277.69mm mkt cap
$277.69mm mkt cap - $4.5mm cash = $273.19 EV
$273.19 / 105.5 mm lbs U308 = $2.59 / lbs U308
NXE: 297.2mm shs FD * $0.76 = $225.84
$225.84mm mkt cap - $20mm cash = $205.84 EV
$205.84 EV / $2.59 =
87mm lbs U308 With a monthly burn rate of over $800k, how much of the $10mm (as at 3/31/15) do you suppose FCU has left over? I bet you'd like to take back the $3mm Dev gifted to $FUU... You can count on more dilution. You'll see sub $0.50 hit the tape sooner than later.
Idiot FCU bagholders should go back to the FCU BB where they keep the rest of the slow kids.