RE:RE:RE:RE:ask yourself this......Not only desperate, but outrageous too - $900K in salaries + $500K in bonus and directors fees etc to the big poobahs = about $1.4million/quarter......... it is simply unbelieveable how so many shareholders here can't see what has been and is going on.........the lack of any financing coming forward tells me that Dev and his board room pals are done like dinner, whether they are voted out or not. Either way, it won't end well for them.
PamplonaTrader wrote: Dont forget the retainer and legal fees for the proxy battle. That another $500k.
Assuming no financing, they will have just $4mm left for the Winter drill program.
Bit desperate here, dontchathink?
$0.30-$0.40 by Christmas. Of course Quakes, Sudzie, Greenday, Banner60, Mesa1 et al will say "What a gift for Christmas! I am loading the truck! Dev is God!"
teevee wrote: sudzie,
FCU has less than $6 million now in working capital, and salaries to the big poobahs at FCU are at over
$900K/quarter. Rick Rule says he is a buyer. If so, where is Sprott's cheque book to do a bought deal? Maybe they will do a flow through at $.30 cents or lower? Without a financing, there will be no winter drill program. Where is FCU's access to capital? Doesn't look good.......for shareholders that is.
sudzie191 wrote: yes indeedy ask your self why NXE did the financing at a discount to the 70 cent market price?
THe stock price got hyped to 70-80 cents to do the finnaicng before they come out with the 43-101 which may disappoint, so decided to not take the risk, and load up the kitty now.
If there really was a squillion lbs there, why do a financing down at this price? teevee wrote: IF PLS is so good, why haven't the brokers beaten FCU's doors down to do a bought deal financing? A syndicate of brokers just did entered into a bought deal financing with NXE and NXE doesn't even have a maiden resource statement.