First Uranium Corporation T.FIU

.33/share - warning!

[colt451]

Hey guys, so I'm dissapointed to say the least, but I thought I would just add my thoughts and a general warning to you guys

1) If the asset sale is approved I will be selling tommrow: Remember FIU's NR, if the asset sale is approved, the companies status on the tsx is reviewed and they may be delisted, meaning shareholders would have to go through South Africa regulations to claim their pro forma proceeds and/or escrow fund. Sorry but I am not taking the chance of dealing with corrupt B.S. 

 

2) You guys decided to forget the simple fact that these guys are crooks - .33/share? Best case scenario is FIU does not get delisted, we get pro forma proceeds of some fluctuating number which management rationalizes by saying the american dollar lost value or some B.S. that is illogical, and then we sit and wait until december to find out if we get any remaning money. 

 

It's to late to do anything about the asset sale now its over tommorow, but as one shareholder to another, I will be in all likelyhood selling tommorow depending on what the outcome of the vote is. 

 

If the asset sale is approved tommrow this will be my parting post, I appreciated the efforts of this board, I took a loss, and I will take 0.20+ tommorow instead of risking 0 - I do not trust SA, if you do...keep your shares and hope FIU does not get delisted.

[Novaman67]

Colt, you are incorrect as any wind up occurs in Canada as that is where they do business......Nova

[just_me...]

Sorry Nova.... (I just got home...) Am I missing something? You mean that being incorporated in Canada, everything will be done here, according to Canadian law? What happens if the new owners came-up with some dirty tricks as they did before? In this case, I won't bet on Betsky... He will get his... "Lion's share". Of course, I can only hope that after what "THEY ALL"

[orbit_room]

I strongly disagree with your outlook colt451. FIU is a Canadian company. The wind down will take place in Canada...we will not have to deal with South Africican regulations. There is zero risk of investors getting nothing if YES wins. I believe if they do win, we will see the stock rise to around .30.

[Novaman67]

This is a corporation in Canada with foreign holdings....Lot's to read but if you want to understand CCAA it tells all (my company by the way)............Novahttps://www.pwc.com/ca/en/car/catalyst-paper-corporation/index.jhtml

[Novaman67]

Oh yes, they wound up and delisted the shares without a vote, you people are lucky.......Nova

[lefmike1]

No Nova you're misunderstanding what is being said. The company originally claimed we would be getting somewhere near 35 cents a share  back in February when they sold the company form under us, then started making all kinds of side deals like  both operations were not sold as is but had to meet certain production levels or the purchasers would be paid compensation that would

[orbit_room]

The fear is not still there lefmike1. If it was, the sp would not have risen from .19 to .23 on the news that Betsky was voting yes. I think the only concern now is that the tally has not been announced stating that the yes side won.

[Novaman67]

Mike, I know all that, just telling you what could have happened as in my case. They drove the shares down to doink and then de-listed.     "No Nova you're misunderstanding what is being said. The company originally claimed we would be getting somewhere near 35 cents a share  back in February when they sold the company form under us, then started making all kinds