First Uranium Corporation T.FIU

Who is Olma trying to find for a 50% stake?

[colt451]

50% of 237,000,000 shares outstanding is 118,500,000 @ 0.60/share = $71,000,000 

+ 150M loan 

= 50% of the company + the loan would equal 220M. I'd guess Betsky is trying to get Renova to buy 50% of FIU...the reason being is that they can have control over MWS and EZ with only the June 2013 debt left for a total of 220M. They offered 80M for EZ so, lets take out the 80M, meaning that they are getting control over MWS for 140M - Not bad for a profitable gold asset. 

 

Guess we'll just have to wait and see...

[dubsbs]

If someone buys 50% stake in fiu does this dilute us or they buy 50% of the outstanding shares. And if so who's 50% shares will they buy. open market ??????

[colt451]

Well according to Betsky "He added he was willing to be diluted 100% through bringing in a new partner, which would hopefully also lend First Uranium the $150-million it needs to repay debentures on June 30." "This way both bondholders and shareholders get a better deal," commented Betsky.   In my opinion, we are a lot better off following Betsky and the other large

[chillyballs]

AGA will sell for sure ..... theres 19.8% right there. Depending on the price.... they can have my shares theres another    0.000000000000000000000000198%..... anyone else?!?!?!?

[dubsbs]

Hey there chillyballs. I think now your balls are really froze-up

[Hourglass11]

If someone bought 50% of the company and out in new management, this would actually be a good long term hold!!! Hourglass11

[Hourglass11]

That is supposed to read "put in new management"

[dubsbs]

Lets keep our fingers crossed and toes !!!!11

[uranicynic]

I have no objection to being diluted 100% if Sprott and Betsky are okay with it. As to the circular today I barely skimmed it because I believe management has told so many lies in the past they can't be trusted now. Once a liar always a liar.

[lefmike1]

Let's Bring lyin Deon to Canada and face real Canadian justice and see if Lyin Deon goes home that night. I'm so sick of this whole charade,  I mean the whole thing  purely makes me sick,  the bullchit that this fu*uck*ar Deon and his chronies have been allowed to pass off is purely illegal but they have.  They live in a country without laws or a sense of justice, this