First Uranium Corporation T.FIU

No to the sale of Ezuwini

[lefmike1]

No     to the sale of Mine Waste Solutions.

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No    To the sale of Ezuwini

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NO      To any dilution of shares.

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No        To giving the Board of Directors any authority to negotiate.

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No         to changing jurisdiction from BC to Ontario (At this time) .

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NO !!      NO!!       NO!!       NO!!       NO!!

[dubsbs]

My initial thoughts were vote no to everything when I read cirrcular on sedar ( thanks to lefmike posting link). Now i'm up in the air aboutthe dilution!!!!!! Help with more insight. I did read all critical mass had to say!!! Very good read !!!

[lefmike1]

dubsbs I think... it's actually quite simple,  if we let this thing go to dilution we ( shareholders) would be diluted into oblivion, Originally we did not know we had the right to NOT go to dilution... So if we did dilute, , the June 2012 bondholders would have a vast majority control and we know where their sympathies lie...with Management as they were promised full payment regrdless of

[dubsbs]

Thanks Lefmike !! I appreciate you taking the time to elaborate on your answer. I totally agree with you . I hope this plays out in our favour. If it comes to receivership I believe shareholders are still better off. At least we will have transparency and someone we can trust. Also I don't think in receivership we would have to deal with escrow account's. the receiver's won't want

[stude]

Sat morning to ALL : I am 100% agree with you Mike , LET FIU GO TO RECEIVERSHIP if FIU have to , at this stage of the game , We should GAMBLE it ALL . At least FIU will get out of mgmt hands ( I hope after this Deon and his team get NOTHING , NO PARKAGE , NOTHING and NOTHING , they have been LIARS , they liar US in the past , and the present , how can I trust their reconmendation in this proxy

[uranicynic]

To my knowledge, if a company goes into receivership everyone including employees have to line up to get paid. They are then ranked by priority and paid out of any funds recovered. Deon and cronies would no longer be in charge of their own fate and would have to take whatever the receiver deemed fair. I'm assuming the 2013 debtholders would rank highest because they are secured by assets. Not

[stude]

I hope HIGHER BIDS come out too BUT that is just HOPE . If we want to have THE HOPE , FIRST and for most WE HAVE TO GET FIU OUT OF DEON AND BoD HANDS. FIU will be better without these South Africa corrupt crooks .  

[lefmike1]

If we look at what happens in a receivership there are different grades of claimants to the assets. I think the very first one would be the Secured Bond holders,  I think secured debts they owe due to operations would be next then, the unsecured debt holders such as the Note holders then the rest of the unsecured debt holders then the share holders.  Meaning (US and Aglo Gold Ashanti

[uranicynic]

I believe employees come before shareholders. The point is management has a very real interest in not letting this get to bankruptcy. They've already negotiated there own exit strategy and that will be cancelled by a bankruptcy. A receiver is never going to be as generous to them as they would be to themselves. Another point that I can't let go of is the line in the production report that