First Uranium Corporation T.FIU

Lack of skin

[uranicynic]

Management is not sitting on an investment loss in First Uranium unlike us shareholders. They will lose their salaries when the company disappears but that could take a long time because it's not being taken over in a conventional way. Conceivably Deon van der Mescht could be collecting a salary and charging it against the escrow funds until they run out. They also got bonuses that get paid if we vote Yes and the deals are finalized.  Thay have a lot riding on a Yes vote. I assume they all are intending to join either AngloGold or Gold One in the near future. Gold One's CEO Neal Froneman, hinted that he feels he has a legal deal to buy Ezulwini at $70m and he's not paying more. Interesting that he doesn't see the FIU shareholders' acceptance to be any concern of his. 

Suddenly we're getting inundated with companies that have never had any interest in FIU offering opinions expressing support for the deals. They promise us superior, immediate returns if we vote yes but don't offer a number. It's hard to believe that companies like ISS and Glass Lewis and Co can offer opinions without stating whether they are being paid and who by. 

 

There is only one option for 99.9% of us and that is to vote NO

[lefmike1]

Very well put uranicynic, Everything that has been written by those creeps has a tainted smell to it.  They talk about how  we will lose this or we will throw away that yet they have not once said  if you vote yes you will receive guaranteed this as a minimum.  That speaks volumes....  They do not nor in my opinion have never had  our best interest in mind.  We

[dubsbs]

The reason they won't commit to a certain amount or guarenteed amount for shareholders is they want to mislead us with what started out @ 36 mill for common share holders which is now 26 mill and by june they should have that widdeled down to about 5mill  when all is said and done. As far as the escrow accounts just another way of saying by the way we want another 30 mil back

[uranicynic]

There is no doubt in my mind that a yes vote equates to getting nothing. Everything points to that, the escrow funds, the asset sales, the lack of anyone in management or their 'independent' advisors committing to any firm number. Why wouldn't AngloGold buy the whole company and then sell the part the don't' want? Answer, because they are an insider and they don't want to

[smoking81]

If FIU is sold to another mining company in Canada they can use the huge tax losses to offset taxes they need to pay on profits. There must be hundreds of millions of tax losses so far. Corporate taxes are at least 25%. If we only get half of the value of the losses and the company that buys get the the other half for free there is still about $75M

[shiftman]

No Canadian company would be stupid enough to buy First Uranium, let alone deal with a Fu8ked up African regime who are crooked.

[uranicynic]

Does it work if they buy the company, take the tax losses and then break up the company and sell the pieces to say......Anglogold and Gold One or Waterpan or Renova?