First Uranium Corporation T.FIU

fiu

[bkdk]

So i got a question.... what happens to fiu???do they stay as  a company or once this sale is completed do we just get paid out the share price?

[flyinghorse]

FIU will become a shell. No assets or operation. It will still have some money left when all is paid. How much exactly or what happens next, I don't know. Maybe a reverse takeover. The accumulated tax loss is still worth something to a profitable company. This was an very expensive adventure. The management failed miserably.

[bkdk]

So then would a person want to sell their shares or hold on to them...then when they distribute the 70 mil do we get a cheque or just deposit into stock account?

[flyinghorse]

if you sell, you will give up your distribution right, but you will get whatever the bidding price gives you. Today it was 24/25 cents. Tomorrow it could be 23 or 26/27, etc. Many people want to sell because they want to see money Now rather than later. If you hold on like me, you will have 33 cents per share by the end of the year. The money will be deposited into your trading account. You don

[orbit_room]

And when would the .21 be deposited into our accounts? Upon closing?

[flyinghorse]

Don't know exactly when, but I guess 22 cents will be deposited before July 10, and another 11 in escrow will be in Nov or Dec.

[bkdk]

will we still have our shares after they deposit?

[AIGswap]

What makes you think July 10?  The company has not guided any distribution date.  The only date given was the latest date to pay the debentures, which is Oct 5.

[flyinghorse]

I said it was just a guess, as the sale had to be completed by June 31. So, don't take it too seriously.