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Bullboard - Stock Discussion Forum First Uranium Corporation T.FIU

TSX:FIU - Post Discussion

First Uranium Corporation > Circular is out
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Post by AIGswap on May 08, 2012 10:27am

Circular is out

You have to be suicidal to vote against this deal.  FIU has been for sale for almost a year and no one else has put forth any legitimate bids.  Really no one else even signed a CA.  FIU got a great deal, far more than was originally offered (got an additional $35mm for MWS).  If these assets were truly worth more than what AGA and GDO were paying, we would get superior proposals.  Clearly this is not the case.  It was a very well-shopped company and no one was interested.  Seems like this thing is a goose egg if it gets voted down.  Would you rather get zero or 10-20 cents?  Too bad...
Comment by lefmike1 on May 08, 2012 10:42am
Yeah  oh  here they come out of the woodwork AIGswap,  you are pretty worried I'm sure with your debentures adn they aren't secured LOL You are so full of it,  you haven;t got a clue...... How much you on the hook for idiot? You are full of it about the company being up for sale for over a year , proves how little you know about this company.... Proves how you are in ...more  
Comment by dubsbs on May 08, 2012 11:08am
I agree lefmike. it's just that now reality is setting in and it's becoming very chilling. We just alway's have to remember that besky's still out there drummin up some buyer's..... hopefully  eg: I like the possibility of a 50% buyer. so much could than change
Comment by uranicynic on May 08, 2012 11:11am
AIGswap: You're entitled to your opinion but you should always provide proof when you make statements. Prove that the company has been up for sale for almost a year. Prove that the original offer was $300 million for MWS. If you know these things as facts, show your sources.
Comment by chillyballs on May 08, 2012 11:14am
@AIGawap       .....Haven't seen the Circular yet so you must be in the KNOW ... maybe insider...who knows.. The 'Special Committee' that was formed to look at unlocking value of company and improving shareholder value...(first of all DIDN'T)... but secondly... wasn't formed until after AGA bought 19.8% of FIU from Village Main Reef.... I thought ...more  
Comment by chillyballs on May 08, 2012 11:27am
Where is this bloody circular  
Comment by dubsbs on May 08, 2012 11:31am
HERE IT IS    Company News Alert First Uranium in process of distributing information circulars for meetings on June 13, 2012 of shareholders, noteholders and debentureholders (prnews)     All amounts are in US dollars unless otherwise noted. TORONTOAND JOHANNESBURG, May 8, 2012/PRNewswire/ - First Uranium Corporation (TSX:FIU), (JSE:FUM) (ISIN ...more  
Comment by Critical_Mass on May 08, 2012 11:56am
Funny AIG got that first and shows up here trying to scare us into voting yes.  Insider for sure. I am in total agreement with Betsky as well that these assets we're only shopped to Deon's buddies and the other related parties in the area. We already have another bidder now.  If this goes to the courts it will be managed by the Canadian courts under Canadian law, where Deon's ...more  
Comment by Critical_Mass on May 08, 2012 12:05pm
One other point.  According to the circular, someone offered 60m for the company plus 20m conditional and they refused it. That equals .25.2c for sure, and 8.4c contingent additional, yet they somehow accepted the current deal. This seems pretty fishy to me.  How is the current deal better. Perhaps for noteholders and related parties they want to give away our assets to. What bs.  ...more  
Comment by dubsbs on May 08, 2012 12:11pm
Well we heard from lefmike and we heard from colt451 i still waiting for Hmmmmmmmmmmm???? This is the most bizzare case I've heard of in a long long time does any one recall a small gold company from years ago that started with a B