First Uranium Corporation T.FIU

Well done retail investors

[PUNJABI]

Anglo tried to pull a fast one on ordinary FIU investors by taking out the assets of the company for a very low price. The sad thing was that the management & the BOD were party to it & did not defend the interest of other shareholders.

 

If few large shareholders & other retail shareholders had not organised themselves Anglo & the management would have achieved their objective. I can understand that Anglo trying it best to pay the lowest price for the assets but cannot understand the behaviour of the management & board.

 

Some the retail investors did the right thing taking the stand & becoming active to protect their interest. GREAT JOB. WELL DONE.  It make me very happy to see that an ordinary retail investors can organize themselves & become active & protect his/her interest.

 

 

If you have the time & energy make sure that the management & the board members are black listed in Canada from holding a position on Canadian listed company. If they get some position in the future make sure that the shareholders know about their past history.

[shiftman]

good point Punjabi. How is this done.

[lefmike1]

Hey Pun,  You bailed on FIU a while back  surprised to see you here.  Hope all is well. We have to thread very carefully with the two Board of Directors  who reside here in Canada.  They are both Lawyers so anything derogatory we might say could come back and haunt us big time.  I'm sure the Canadian BoD 's  can use any excuse they want to distance

[PUNJABI]

Have been monitoring the developments & could not belive how they were throwing the assets away & causing massive losses to Canadian investors. Not too long ago they were hyping the assets & prospects of the company & then all of a sudden they were valuing them  just for a small fraction of that.   They were pushing too much for the

[lefmike1]

Thanks Pun,  we've actually already started the ball rolling, A formal complaint was made in regards to RBC's  involvement in the process.  A complaint was directed towards Canadian banking authorites in that RBC in late December appraised the value of the corporation at over 700 million which was a little below their apparaisal from the Spring of 2011 shre

[PUNJABI]

I am impressed  & very pleased the retail investors are taking action & want accountability.