LI3 Energy Inc (fka LIEG)

[Dr_Vonschellan]

MakinBank, only_the_little_tiny_guys_who were in this play for funzies are bailing out. Plus a couple of opportunists from Penny stock newsletters who first started appearing here yesterday are selling a few ten-thousand share blocks back and forth directly to each other to drive the price down today.

A LIEG share will (or should) in time conceptually be converted into Bearing shares but not on a 1 to 1 ratio. If our LIEG board was loyal to us shareholders then based on today's status we would get 1 share of Bearing for 34 LIEG shares. The hitch (in our favor) is if LPI produces a feasibility study in late March proving this is a $120m NewCo project out of the gate and not the $50m NewCo project we might be seeing/estimating today. If this project were valued at $120m then we should get 1 Bearing share for each of our 14.16 LIEG shares.

But since we (LIEG) have already gone on the honeymoon with Bearing and we're sorta' pregnant I am thinking the merger (ie marriage) will take place in late February with the new creation of MLB (Morphed Lieg Bearing) shares perhaps listed on the NASDAQ. We LIEG shareholders will be bride's maids in matching dresses across from the Bearing frat boys in the front row next to the groom (Jeremy).

If MLB is on the Nasdaq then a share price needs to be a minimum of $1.00
It could be that we will be required in some "regulatory" way to reach a new level of parity by first converting each block of our old 62 LIEG shares for one new LIEG share based on the current USD$.016pps. Bearing shareholders might be forced to give 1.5 Old Bearing shares for one new Bearing share. So imagine today you are a LIEG shareholder with 10,000 shares bragging to some hot chick you just met in the bar. To impress her you would say "Hey babe, I'm big in lithium mining. I own 10,000 shares of LIEG in Chile." After the "conversion" your new conversation is going to be more like "Hey babe, I'm a duffer in lithium mining. I own 161 shares of LIEG in Chile."

Now if the new management team decides to take that $4,272,000 windfall we put on the books yesterday and keep it for remodeling their new Vancouver offices or more testing then that conversation with the hot chick in the bar is going to sound like this, "Hey babe, I'm a midget in lithium mining. I own 96 shares of LIEG in Chile."

So, if you own only 10,000 shares today maybe are you thinking you might want to just bail out early and move on to avoid that embarrassing future pick-up line with this super hot-chick?

If our LIEG board would reinsert their spine and just talk to us LIEG shareholders 1 to 1 in clear language like CEO Henk van Alphen of Wealth Minerals does for his shareholders simply giving them the BIG picture (Straight talk sample update from Henk) then we would know much better what the heck is going on here. But sadly that ain't happening.

The Doctor