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Bullboard - Stock Discussion Forum First Uranium Corporation T.FIU

TSX:FIU - Post Discussion

First Uranium Corporation > Debenture Holder Comment
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Post by Hmmmmmmm on May 10, 2012 8:31pm

Debenture Holder Comment

Not one debenture holder would comment on my post of a week ago. Care to comment now?

Are there any debenture holders who would comment on the following.....

If the deals go through we all know you are protected...but....what if they don't. What is the best deal for you then? What are the options that you could live with if no better offers materialized?

* dilution?

* would you be satisfied to extend?

Are there any other palatable options?

Comment by AIGswap on May 11, 2012 8:45am
Franco Nevada and West Face own over 40% of the converts.  After conversion, these two parties will control the company.  I assume after the debt for equity swap, these parties will vote through the AGA and GDO deals to get their principal back + accrued interest.  Current shareholders will own a small sliver of the equity (
Comment by lefmike1 on May 11, 2012 9:07am
Like all your other comments and information AIG  it's dated and totally unsupported.  You have not a clue what you speak,  however we on the other hand, are constantly providing data.  . You seem to conveniently forget that AGA has 19.8% of the open shares,  Do you for one second think that they will allow the 400 million SAR conversion owners to get any kind of ...more  
Comment by uranicynic on May 11, 2012 9:21am
Why would AngloGold allow a relatively small holder like Franco Navada to muscle them out of top dog status? Why would they agree to sell a company that they now control for a knockdown price? Being a Canadian company I doubt they'd be as comfortable as Anglo in screwing over the Canadian shareholders.If it comes to dilution it is impossible to predict the outcome. To assume the status quo ...more  
Comment by valuearb on May 11, 2012 2:16pm
Don't the debenture holders come out better if the deals are voted down? Right now they are going to get almost 2 Billion shares, they'll own 90% of the company, and control it and the mines. They can turn around and sell the mines for the same prices and net more than what they'll get from simple repayment.
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