First Uranium Corporation T.FIU

escrow payout

[dubsbs]

two weeks away from termination of the 25 mill escrow account!!!! looking pretty good ah proudy!!!!1 Still a good play for 2 weeks!!!

[orbit_room]

This is from their August 14th news release, "In addition, following the release of the AGA Deferred Payment and the Gold One Deferred Payment, the settlement of all remaining obligations to the Debenture holders and the establishment of a reserve for any continuing and contingent obligations, the Board will determine an additional amount, from the amounts available from escrow, for the

[dubsbs]

hey orbit. good to hear your still active. I'm expecting .105 in middle of feb if every thing goes to plan. ashanti has un til mid month for claims and GO has until the eom for claims. lets keep  our fingers crossed!

[orbit_room]

But what do you think  about "the establishment of a reserve for any continuing and contingent obligations"? That part scares me, as it will come out of the escrow funds.

[dubsbs]

I hoping (and rightfully do) that there will be no need to extablish any contigency fund. there should be no outside noise or we would have heard about it by now. They may need afew hundred dollars for bank fee's and some admin expenses.

[aclj6]

hey guys can u explain to me what the heck happened here?!!   werent we all promised around .33+ in total and thats what the big holders agreed to??   is there any word on any court cases going ?!?!.....

[orbit_room]

A few hundreds dollars, come on. Do you think Mary Batoff is going to work for free or their lawyers?

[dubsbs]

@orbit.  please read through the prior announcement re: payouts to BOD. There is not much left to pay 2 remaining directors. Also last financials they had 4 mill in the bank and 2 mill in tax liability. that leaves 2 mill in operating cash flow. I hope you don't believe they need all this for wages ect!!!!!

[orbit_room]

Who knows what they'll justify.