LI3 Energy Inc (fka LIEG)

[DFW]

10Q


from the i-box

as of June 30 2011 Shares outstanding
279.79 million

10Q shows now
As of February 13, 2012 were 322,209,220 shares of the registrant’s common stock outstanding.

Note--Dilution has slowed down....that's good
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The Company currently has no sources of recurring revenue and has generated net losses of $31,691,740 and negative cash flows from operations of $12,076,811 during the period from June 24, 2005 (inception) through December 31, 2011.

note--normal for this type company
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this one is done...

During the six months ended December 31, 2011 and 2010, we incurred impairment expenses of $0 and $4,070,000, respectively. The impairment expense recorded during the six months ended December 31, 2010 was incurred as a result of the Company not making the option payments required to retain the rights to acquire the Alfredo property, which terminated the option agreement.
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PASCAN still likes us

POSCAN has committed to purchase an additional 47,619,000 Units at the same $0.21 price per Unit (for an aggregate additional purchase price of approximately $10 million) upon satisfaction of certain conditions, including: (i) completion of an updated Measured and Indicated Resource Report prepared in compliance with Canadian National Instrument (“NI”) 43-101 standards that concludes that our Maricunga property meets certain technical requirements and that proceeding to the feasibility study phase for the Maricunga project
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here is a better link for reading it

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8411799

Strange I did not see a section that showed the stock fully diluted...

I also so saw no mention of the Nevada Prop so I guess it is has been sold or traded...