BT wrote:Why do a FUU PP at twice the market price with no warrants in the deal?

Excellent Question.....not sure I have the answer but:

1. FCU cash assets will take a $3M hit with no return for 4 months.

2. After 4 months FCU will own 22M more shares of FUU that is currently trading at $.12

3. FCU is paying $.14 for a stock that is trading at $.12

4. FUU has been diluted by 22M shares ( now getting close to 200M shares). If warrants were involved it would have further diluted the FUU stock (and reduced the value of FUU to FCU shareholders).

5. FCU shareholders could argue that Dev and Ross unduely influenced the board to agree to this deal....Ross & Dev being officers and shareholders of both Cos ...conflict of interest?

6. Management & Directors of FCU may believe that FUU stock is undervalued and has a "good" potential to go much higher (insider info?) ...thus creating more value for FCU

7. FUU may be short of cash so FCU comes to the rescue at the expense of FCU shareholders (again conflict of interest?)

8. One has to believe that the directors of FCU are competent and would not agree to this deal, inspite of Dev & Ross, unless they are convinced that it is good for FCU (and FUU)?

9. Management and Board of the 2 cos is identical with the following exception. Phil Morehouse is the President of FUU while Ross McElroy is President (plus COO & Director)) of FCU. It would be easy to overrule Mr Morehouse if there was disagreement. McElroy is COO of FUU but not President or Director. Phil Morehouse is neither an officer or director of FCU.

Again it seems that Dev & Ross are getting ready to fry their next fish. There are many options but it appears that a buyout is in the cards. A buyer will be interetsed in the Triple R so the other assets and properties could be folded into FUU.