mesa1 wrote: FYI there's a parallel private investigation going on that may ultimately tie together the obvious down-ticking and market manipulation over the last year, with "several" posters activities, accusations and agendas.
The findings so far may prove to be the makings of an intriguing storyline involving subterfuge, personal vendettas, and even attempted grand larceny should it ultimately be successful. We are tying together some very interesting connections with agendas.
We all know the incredible value created here, and the ridiculous valuation the market is placing on FCU's assets. If there is in fact manipulaion going on in the day to day trading, we can assume there's deep pockets involved, that feels they can get away with it! This is generally not something a large mining company or passive institutional fund is capable of. But a deep-pocketed individual or private group certainly is.
And what if part of the plan was to oust management and position themselves to take control through a negative hatchet-job campaign, kind of like we have been seeing here by several posters and of course the so-called FCU Oversight group. Essentially there's a potential attempted hijacking of FCU by a group intent to take control of this asset from the inside.
It's too early to disclose the early findings, but it is very interesting to see where our research is pointing to. It ties in to so many of the seemingly unrelated agendas that manifest here - an invisible hand shall we say, that effectively and unrelentingly pushes sentiment in the direction that could ultimately put a fox inside the chicken coup.
BEWARE of those that seek to oust management. I'm no huge fan of Dev and his cozying up to LL, but to his credit I hear he tried to get out of the deal early on, after he realized the passion and perspective of the retailers, and saw that some of the synergies he expected with a tie-up with DML may not be as expected.
For the record, as our investigation has been able to determine, prior to the town hall meeting (the day the FCU dissidents announced their presence), the for / against was approx 29% YES, and 71% NO.
But subsequently, when all the institutional blocks entered their votes, the numbers coming in reversed, running about 75% YES, and 25% NO. We were lucky that the NO vote prevailed, with the YES side finishing about 53%, well sort of the 67% required, when LL came to conclude that he may as well concede early.
The dissident group had NOTHING to do achieving the NO vote. Their arrival coincided with an almost exact flip of the voting ratio to the YES side.
But it is entirely possible and maybe probable that the dissidents agenda ultimately involves installing a slate of directors that have their own personal interests and aspirations, that includes maybe merging certain deep Athabascan assets, awarding and redirecting options and bonus plans, and rich consulting agreements.
Like the just ended Canadian Federal election and Harper's methodical attempts at character assassination and negative ad campaign, the current efforts must fail. Current management are properly aligned with FCU shareholders - they own a tonne of stock, have done an amazing job of raising money, spending it for massive accretive value, and while not perfect are willing to be creative and unrelenting with their efforts to see this through to a very happy conclusion.
Stay the course, support our proven management, and beware of the forces aligned, wishing to hijack what is probably one of the world's most undervalued proven assets, still growing!
Meanwhile, we're turning over the pieces to complete the puzzle, which are pointing in a direction that is ultimately not that surprising if you go back through the history of the Athabasca uranium sector and its players ;-)
quakes99 wrote: Debra Haggarty of IIROC confirmed to me this morning that IIROC are investigating the trading activities of Morgan Stanley and SG Capital with respect to their continuous abuse of the Market-on-Close system, downticking FCU's closing share price on a daily basis. Whether or not that will have any impact remains to be seen, but if you sit idly by and say nothing then you are condoning manipulative trading. If you wish to share your own concerns with IIROC, contact:
Debra Haggarty
Sr. Complaints & Inquiries Specialist
Investment Industry Regulatory Organization of Canada
121 King St. W., Ste. 2000, Toronto, Ontario M5H 3T9
1-877-442-4322
Inquiries@iiroc.ca
IIROC: Protecting Investors and Fostering Fair and Efficient Capital Markets across Canada.
Cheers and good luck!