First Uranium Corporation T.FIU

When you buyout

[godman]

a company, dont you usually offer a price per share, then all the debt and other BS is your problem. Not Ok we will give you this much money and then we take all expenses out of your money, never heard of this BS before.

[Hmmmmmmm]

You are right. $405M....then up to $53M of shareholders' money disappears.

[colt451]

No kidding...it's not a forgone conclusion though, it can be voted down. Anglo and Gold one were exceedingly greedy, they should have offered shareholders something close to 0.40/share. This would have created a situation where shareholders had to realistically evaluate whether the deal was actually worth it given anglo valued FIU at 0.60/share just a little while ago. Now we have no idea

[Hmmmmmmm]

Why are we waiting until May? The vote could be held anytime in April.

[colt451]

I believe they want to release a production update before the vote, so shareholders are scared into voting yes. 

[cowcash]

So what to do? Are you guy's averaging down these days? I'm just about to buy some more shares of this fu* company, but I wonder what's around the corner again... It's damage control for me.   C

[uranicynic]

Yes, it's a buyout in another guise. Only this time the beleagured shareholders are expected to pick up the expenses for the deal like severences, any faulty equipment etc. This beggars belief. Not only do we get screwed on price we have to guarantee that the buyers/screwers are 100% satisfied with the deal. Just say NO! I can't believe what passes for ethical business in South Africa.

[airgoddafi]

Time to get out guys seriously. This thing will trade at 10 pennies in the next several weeks. If you think Sprott is gonna come to the rescue, they prolly already see the writing on the wall. Its gonna get real ugly.. .. Heck I will say that even I didnt see this going that bad... which means that this pretty darn bad yknow! GET OUT like I said at 60 pennies and 40 pennies and 20 pennies and the

[colt451]

I cut my losses at an average 0.52/share. I've broken even 2011 now after reinvesting 2011 profit into FIU and I'm not willing to invest anymore and enter the red. I wouldn't average down if I were a bag holder at this point...the way I see it, either the shareholders allow the asset sale and end up anywhere from 0.11-0.26 or shareholders vote no to one or both deals and we get a

[Novaman67]

Colt, I did that and sold for a penny a share loss and bought into GWG.V. They just announced a bond issue yesterday and were halted at 05:04 PDT. Just trying to help......not a pump.   Best regards........Nova