Liberty Star Uranium and Metals Corp (LBSR)

[Eli's Gone]

The shares received by Tangiers via the "put" notices are registered shares and thus immediately freely tradable...these put notices have volume constraints of 150% of the trading dollar average of the previous 10 days...

the 10 day average here is 2,573,747 shares---thus limiting the put notice to roughly ~$6K at a 20% discount to market...

so....these shares ain't coming from there exclusively....

my WAG might be :

On April 11, 2017, we received proceeds of $48,000, net of a $2,000 fee, under a convertible promissory note dated April 10, 2017 (the “April 2017 Note”). The total principal under the April 2017 Note is $50,000, bears interest at 12% per annum, is due on January 10, 2018, and is convertible in shares of the Company’s common stock after 180 days at a conversion price with a 45% discount to the lowest weighted average market price during the previous 20 trading days to the date of conversion.

which became convertible now at a 45% haircut---which equals about 48M shares..

rough guess from someone not paying much attention but saw the volume and "avg" dumps...