RE:RE:What is in store for FCU shareholdersjust more diarrhea being dischared from one of several trolls here. fissionowner is a paid troll. paid to bash fcu at every level. this is the latest attempt.
lots of upside is in store for fission uranium shares. the key for any new shareholders or new investors is to read most of the 'published' reports that are available. these repugnant notes from this poster have zero to do with fcu.
drilling is starting. there will be more lbs added and we will see lots of upside in the coming months. go long.
Fissionowner wrote: Teevee wrote: "What is in store for FCU shareholders.
Ironside Resources Inc. Consolidation and Debt Settlement Thursday, June 30, 2016. Ironside Resources Inc. Consolidation and Debt Settlement
17:43 EDT Thursday, June 30, 2016 KELOWNA, BC --(Marketwired - June 30, 2016) - IRONSIDE RESOURCES INC. (the "Company") (TSX VENTURE: IRC) has, effective today, completed the 3 for 1 share consolidation announced on June 7, 2016 along with the comprehensive debt settlement package to eliminate its accrued liabilities to related parties. The Company will issue the following post consolidated shares: RD Capital Inc. - 1,400,000, Richard Matthews - 637,037, Ross McElroy - 1,274,074 for a total of 3,311,111 post consolidated shares. RD Capital, a company controlled by Devinder Randawa, a director and CEO of the Company, will hold a total of 2,079,587 shares (19.9%) of the Company's outstanding post consolidated share capital of 10,426,548. The debt settlement will enable the Company to better pursue investment opportunities in both the resource and non-resource sectors. IRONSIDE RESOURCES INC. Common Shares are listed on the TSX Venture Exchange under the symbol "IRC". ON BEHALF OF THE BOARD "Dev Randhawa" Dev Randhawa, Chairman & CEO
Here is a little history: A JCP had $800,000 in cash and only 20 MM shares out and DR merged it with Ironside Resources. In a matter of a few months, the $800,000 was plundered. Then the money was lent back to the company and Dev and Ross are now taking it back in cheap paper. Even the seed capital shareholders in the JCP were wiped out. Either when these guys, or CGN are finished with FCU shareholders, they will all have to wear depends. "
This is one scary news release. Some of us have kind of joked about an FCU shareholder consolidation but this story is not funny and should be a concern to all shareholders. I have made reference to the possibility of consolidation of FCU share in previous posts but this news story just confirms that it should be a REAL worry for all FCU shareholders.
We should know from the DML fiasco that we can not trust management. They only look after themselves. Shareholders have only one purpose. They are a means for management to get rich.
Do NOT trust them. There is a huge possibility that some day there will be announcement of a 4:1 share consolidation of FCU shares.
This is a dangerous company, not because the ground that is owned by the company is radioactive but because its management cares about one thing only, namely ..... themselves.