LI3 Energy Inc (fka LIEG)

[Dr_Vonschellan]

VOTE_NO_on_Reverse-Split/So-Called-Merger

Info3, obviously you are a paid shill for Bearing.

Dear LIEG Shareholders,
Your 34.76 LIEG shares at $.02pps (Wednesday) are worth $.6952

On Reverse-Split/So-Called-Merger Day your same 34.76 LIEG shares are worth ONE share of BRGRF which on Wednesday closed at $.6451

If the Reverse-Split/So-Called-Merger happened today then you would immediately lose $.05 for every 34.76 LIEG shares you have ripped out of your hands for this new h-ha funny paper.

This Castration Reverse-Split/So-Called-Merger will be a disaster. Today your shares (ie investment) are currently working hard in TWO lithium balls which is effectively 17.7% of the Maricunga JV Project.
After the Castration Reverse-Split/So-Called-Merger your shares (ie investment) will be working in only ONE lithium ball of 7.3% of the Maricunga JV Project.

If you love being castrated... then vote yes on this merger being endorsed by our turncoats up in Vancouver now sipping champagne and eating caviar.

If you are a serious LIEG shareholder then you need to ask yourself why didn't the SEC long ago rubber-stamp approve the merger terms back in May 2017 as we were spoon fed to believe would easily happen? Are there some highly irregular conditions/suspicious-failings/outcomes in the merger agreement? Well let's all read the latest version, shall we. Click Here, allow a few minutes to download.

Now let's scroll down to page 13 where it reads:
Q: Do any of Li3’s directors or officers have interests in the merger that may differ from or be in addition to my interests as a stockholder?
A: Yes. In conjunction with the merger, certain executive officers and directors of Li3 will receive employment with Bearing and equity incentive awards. Please see the section of this proxy statement/prospectus titled “Interests of Certain Executive Officers and Directors in the Merger.”

And, then let's next go to page 24 where it reads:
Interests of Certain Persons in the Merger (Page 63)
In considering the recommendation of the Li3 Board and Bearing Board with respect to the merger, you should be aware that certain of Li3’s and Bearing’s directors and executive officers have interests in the merger that may be different from, or in addition to, the interests of Li3’s (or Bearing) stockholders generally. These interests include, but are not limited to, the grant of equity awards consisting of Bearing common shares or other executive compensation that are expected to be provided to the directors and the executive officers upon consummation of the merger.

And, then let's next go to the bottom page 62 where it reads:
Interests of Certain Persons in the Merger
In considering the recommendation of the Li3 Board or the Bearing Board with respect to the merger, you should be aware that some of Li3’s and Bearing’s directors and executive officers have interests in the merger that may be different from, or in addition to, the interests of Li3 (or Bearing) stockholders generally. For example, Patrick Cussen, the Chairman of the board of directors of Li3, also serves as a director of Bearing. Luis Saenz, the Chief Executive Officer and director of Li3, also serves as the President of South American Operations of Bearing. Each Messrs. The continuation of the appointments of Messrs. Cussen and Saenz as officers or directors of Bearing (and any executive compensation which may result from those appointments) are contingent on the completion of the merger. Messrs. Cussen and Saenz have a vested interest in the completion of the merger which may or may not be aligned with the interests of the Li3 stockholders.

And now let's ask ourselves how can it be that these two (former?) LIEG directors could ever possibly have a vested interest in the completion of the merger which may or may not be aligned with the interests of the Li3 stockholders? Aren't we all supposed to be on the same team?

Then let's ask ourselves "what extra equity incentive awards are these two directors receiving for making this merger happen? Are they receiving an equity incentive award of 6,666,666 payable over 2.75 years (after the merger)? Could the equity incentive awards be bumped up to 15,000,000 split two ways payable over 3.5 years after the merger? How much exactly is the equity incentive awards to these two former directors? And how on earth could it possibly be that these two directors would ever have vested interest in the completion of the merger that may NOT be aligned with the interests of the Li3 stockholders? What vested interests are they talking about?

Are we LIEG shareholders paying the equity incentive awards to these two directors up in Vancouver? When will we shareholders know? It looks like the SEC (thankfully) wants to know where these equity incentive awards are coming from also?

This Reverse-Split/So-Called-Merger smells rotten to me. How does it smell to you?

The Doctor