LI3 Energy Inc (fka LIEG)

[Dr_Vonschellan]

Uncle Posco is indeed down in the_muddy_trenches_next_to_us_peasant_mushroom
LIEG shareholders.
It's not discussed much but we have all been secretly wondering in the back of our heads if Uncle Posco was somehow someway through some fancy backroom finagling going to get "lower risk" BRZ Bearing Canadian stock certificates or "higher risk" Bearing American BRGRF stock certificates on Merger Day Exchange Day same as we will also be soon wondering which type of stock certificates our old LIEG executives will be getting.

Getting BRZ certificates would have made it seem that Uncle Posco and Bearing were pre-ordained kissy-face sweethearts while getting BRGRF certificates makes it appear Posco and us little-guy mushroom peasant LIEG shareholders are amigos/brothers down in the dirty trenches looking after each other through the upcoming thick & thin for example with respect to parity cash adjustments.

Bearing issued a bulletin today announcing "the appointment of Dr. Lee Sungwon, a nominee of POSCO, to the Board of Directors. POSCO holds 3.6 million shares in Bearing or 6.7% of outstanding." Click Here

Uncle Posco holds 126,472,925 LIEG shares. When divided by the conversion factor 34.76 the result is 3,638,462 BRGRF shares which agrees with today's announcement. Our plebeian "interests" will indeed match Uncle Posco's interests which should become much more obvious bordering on crystal clear obvious soon after a Sebastian Pinera presidential win in Chile... and that will prove very comforting to us little guy mushroom LIEG shareholders when we all sit down to the accounting table's brass tacks. I seriously doubt that Uncle Posco wants to ever see the LIEG pps drop below $.025 (as the minimum) for now. And, we little guys do want to be on the same side of the coin with Uncle Posco.

The Doctor