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Re: Eli's Gone post# 155240

Thursday, 07/30/2015 7:52:47 AM

Thursday, July 30, 2015 7:52:47 AM

Post# of 173202
I've seen that exact same language before in other companies, and it hasn't made a bit of difference in the end. They still managed to lose 99+% of their share value during the deluge of new shares hitting the market.

The other thing that jumps out at me is the statement that LBSR needs the ENTIRE $8M to do their project. I see NO WAY they can raise that kind of money through selling shares. They can barely sell enough to meet ongoing expenses, which has already virtually wiped out shareholders.

Triple 0's are on the way. All that remains is clearing the shares for sale...


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