Liberty Star Uranium and Metals Corp (LBSR)

[mstoneinv]

Here is a perfect example of obscene waste of the long-suffering shareholder's money:

From May 2015 until July 31, 2015 we paid Patricia Madaris $14,970 for her services as VP Finance.

Really?! A company that doesn't have any revenue and is in a coma, needs to pay a VP of Finance (formerly Biscoe's personal assistant) 15 GRAND for services during a 3 month period?! Their finances could be done in 15 minutes at the end of each month on a napkin. At a legitimate company with real oversight this would never be allowed and tolerated. That is why savvy advisers like Brent Cook say to stay far away from “lifestyle” companies like LBSR, who use and abuse their shareholders, living off them year after year, little piggies feeding from the shareholder money trough.