Administrative Proceedings 34-62008 Apr. 30, 2010 AB Liquidating Corp. (f/k/a Adaptive Broadband Corp.), Globalnet Corp., Greenland Corp., Guinness Telli-Phone Corp., KeraVision, Inc., Lifespan, Inc., STAR Telecommunications, Inc., Telenetics Corp., and 3DFX Interactive, Inc.
This Order revokes the registrations of the registered securities of Respondents
Trading Suspensions: 34-61835 Apr. 5,..Lifespan, Inc....
See also Order
i believe we should see an updated very soon, may be time to go
Lifespan Licenses ScreenPhone Manufacturing Rights
Palm Desert, California—July 7th, 2009— Lifespan (Pink Sheets: LSPN) (www.lifespaninc.com) has licensed Cytta Corp. www.cytta.com (OTCBB: CYTC) the exclusive right to utilize Lifespan’s ‘ScreenPhone’ technology to develop, manufacture and market telephone/internet access devices for the US. For these rights, Lifespan will receive six million shares of Cytta, a royalty of one-half of one percent (.5%) of Net Revenue and a cross obligation to purchase units at wholesale cost from 2010 on.
Mr. Ken Berscht, CEO stated, “This transaction ensures that the ScreenPhone technology is developed, manufactured and brought to market in the most expeditious manner. It allows Lifespan to concentrate on the numerous and intricate developmental issues involved in completing the Medical ScreenPhone model and the diverse elements involved in integrating and redesigning the medical peripherals.
Currently, administrative costs in the US Healthcare Industry exceed $200 billion each year. The Medical ScreenPhone can be utilized to significantly improve the efficiency of a portion of the US medical electronic data transfer (EDT) and electronic medical record (EMR) market. But the chief advantage of the Medical ScreenPhone is that it will ultimately improve the practice and delivery of healthcare to the benefit of doctors and their patients.
The Medical ScreenPhone is envisaged as a significant tool for the 14 trillion dollar US healthcare industry to utilize as a medical evaluation, testing, and diagnostic solution as well as a home healthcare communications and education tool. The Cytta transaction will now allow the Company to advance the involvement of Dr. Quyami as Chief Scientist and utilize his position as the Director of Centre of Excellence for Surgical Education and Innovation (CESEI www.cesei.org) to begin development and redesign of the medical peripherals and actively pursue other industry partnerships focused solely on the medical peripherals.
To provide more complete financial disclosure the Company has completed the management prepared Unaudited December 31, 2007 Annual Report, December 31, 2008 Annual Report and March 31, 2008, June 30 2008, September 30, 2008 and March 31, 2009 Quarterly Reports. These documents are available for review on the Company’s website at www.lifespaninc.com or directly at http://lifespaninc.com/joomla_22182/Financials.html. The Company is currently arranging for Auditor Review of these financials which will enable the Company to update its financial disclosure reporting requirements.
40318 Barington Dr
Palm Desert, Ca 92211
Ken Berscht, CEO: 403-830-7566
Stuart Brame, CIO: 310-963-0462
Lifespan Completes Joint Venture Agreement
Wednesday October 31, 9:00 am ET
LAS VEGAS--(BUSINESS WIRE)--Lifespan Inc. (Pink Sheets:LSPN - News) is pleased to announce that it has entered into a joint venture agreement whereby USA Uranium Corp. has acquired the right to joint venture a 75% interest in the La Sal West mineral claim group located in the prolific La Sal uranium district of Utah.
Additionally, USA Uranium has now advised the Company that it is exercising its option to purchase the 75% interest in the Property. The terms of the purchase require USA Uranium to issue $3 million dollars worth of their shares, consisting of 4 million shares, for the 75% interest. From this point forward each party will bear their pro rata costs of ongoing exploration and development of the Property.
This exciting property consists of 111 BLM claims comprising 2,200 acres. The property covers a portion of the north/central La Sal District trend and contains three significant past producers: the Bluejay Mine, the M-6 Mine and the Balsley Mine. Pursuant to the terms of the Joint Venture agreement, our joint venture partner completed an extensive phase-one work program on the Property and we will be releasing the results of the Geologist’s report once evaluation is complete.
CEO Stuart Brame stated: “The completion of our first joint venture verifies Lifespan’s business model of acquiring high grade conventional uranium projects, with past production, located in the Continental US and then seeking outside expertise to develop the properties. We anticipate adding several similar properties to our portfolio in the near future, which we also intend to joint venture with significant partners.”
Previously the ore produced from these mines contained up to 0.35% U3O8 (Uranium) and 1.5% V2O5 (Vanadium) resulting in production of over one million (1,000,000) tons of ore. Ore of this caliber would equate to a value of over $600 per ton using the current spot price of $78 per lb.
Years of under-investment in uranium mining caused by moribund prices and the anti-nuclear lobby has left the world short of uranium to fuel nuclear reactors. But governments in Europe, United States, Russia and China and even environmental groups are currently warming to nuclear power because it produces significantly less greenhouse gases than conventional fossil fuels, according to the World Nuclear Association.
Lifespan Inc. Corporate Communications
Robert Washington, 702-540-3399
Source: Lifespan Inc.
4 cents... lol
Well, I guess I should have been more forthcoming, lol!
I was not able to get a hold of anyone last week. Monday I talked to a gentleman whose number I have who's official position with the company is still unclear to me. The impression I have is he is a large investor who may be on the BOD but not always involved in day to day going's on.
They were all down in Utah at the claims site last week and Monday, although the CEO was still there, this gentleman was on his way home after being on site for the first time I believe. All he would tell me is he was pretty freakin excited with what he saw. I believe the words he was using was something like "this is the real deal!!"
This gentleman is careful in what he says and tries not to officially speak for the company. The gist of what I was told is that although things had taken a little bit longer than expected, he was pretty certain the news we are waiting on would be out in two weeks.
wow...i think that made some people sell
very good... thx for the update;)
i'm good... no worries... just waiting on some news and buying a few dips... lol
mtcinc0 you are going to drive yourself crazy looking at level 2 every hour on a mineral exploration play, follow the story line instead,
1. grab samples
2. areomagnetic flyovers
4. drill results back from assey office
5. feasibility study
6. funding for mining operation
7. mining begins
length of time 2 to 5 years.
mineral exploration plays are an all or nothing buy and Mold (longer term than a buy and hold) play
Nice article: Uranium May Reach $200 in Two Years, Macquarie Says
By Angela Macdonald-Smith
June 5 (Bloomberg) -- Uranium spot prices may reach $200 a pound within the next two years, buoyed by a shortfall in supply and increasing investment in the nuclear fuel by speculators, said Macquarie Bank Ltd., Australia's biggest securities firm.
The price, which reached $125 a pound in mid-May, will probably average $125 a pound this year, rising to $135 next year, Macquarie said in a June 1 report. RBC Capital Markets, UBS AG and producers Rio Tinto Group and SXR Uranium One Inc. are among those also forecasting further gains.
Uranium prices have jumped 12-fold since early 2003, underpinned by a shortage, concerns over future production and a lack of investment in new mines, Macquarie said. Efforts to limit emissions of carbon dioxide from burning fossil fuels have bolstered demand for uranium for power generation.
``In the near term, with the market expected to remain in significant deficit in 2007-08, risk on the supply side and growing speculative interest, it is hard to see what could prevent spot prices going higher,'' Macquarie analysts Max Layton and John Moorhead said. ``We would not be surprised to see prices move up to around $200 a pound over the next two years.''
Layton, based in London, is an economist who joined Macquarie in January from the Reserve Bank of Australia, the nation's central bank. Moorhead, based in Sydney, has been at Macquarie for a year and earlier held roles at ABN Amro Morgans and BHP Billiton Ltd., owner of Olympic Dam, the world's biggest known uranium deposit.
Global uranium supply fell last year as a gain in secondary supplies from dismantled nuclear weapons failed to offset a fall in mine production.
There is no formal exchange for spot uranium, and the two principal companies quoting spot prices are Ux Consulting Co. and TradeTech. Ux quoted the spot price at $125 a pound as at May 28, while TradeTech put the price at $133 as at May 31, according to the companies' Web sites.
The New York Mercantile Exchange started a market for uranium futures last month. The price of the June contract closed yesterday at $137 a pound.
The start of the uranium futures market, where settlement is by cash only, not physical delivery, may add to price swings in the spot market through 2008, Macquarie said.
``We note the massive drop-off in spot volumes in mid-late April and early may, prior to the beginning of the commencement of futures contracts on Nymex, suggesting that one short-term risk is that the financial settlement-only futures take demand away from the spot market,'' the analysts said.
Macquarie's price forecast is less bullish than that of Neal Froneman, chief executive officer of Toronto-based SXR Uranium One, who said the spot price may more than double to $250 a pound next year as demand outpaces production. SXR yesterday agreed to buy Vancouver-based Energy Metals Corp. for C$1.59 billion ($1.5 billion) in shares, after in February agreeing to buy UrAsia Energy Ltd. for $3.1 billion in stock.
RBC Capital Markets last week raised its forecast for uranium spot prices. Its 2007 average forecast is now $120 a pound, up from an earlier estimate of $100, the bank said in a May 28 report. That's still lower than Macquarie's estimate. RBC raised its 2008 forecast to $145, from $85, which is higher than Macquarie's estimate for next year.
UBS also expects further gains, the bank said in a May 16 report.
``Despite sharp growth in the spot prices we remain confident that the uranium spot market will continue to strengthen over the next several years,'' UBS said. ``Strong long-term global energy values and mounting environmental pressures will continue to drive the market forward.''
Rio Tinto, the world's second-biggest producer of uranium, sees ``plenty of upside'' to uranium prices, Preston Chiaro, energy group chief executive officer, said last month. Rio is examining expanding output at mines in Namibia and Australia as it seeks to benefit from higher prices.
One of the risks to the forecast for higher prices in 2007 and 2008 is any positive news from Cameco Corp., the world's biggest uranium producer, about the start-up of the Cigar Lake mine in Canada, Macquarie said. Saskatoon, Saskatchewan-based Cameco said last month that a flood in October at the mine, the world's largest untapped deposit of high-grade uranium, will delay start-up for three years until 2010 and help double construction costs.
Any turn in sentiment by traders, speculators and hedge funds, which have helped drive up prices in recent months, would also quickly push prices lower, Macquarie said. About 8,000 tons of uranium or almost 20 percent of mine supply, may be in the hands of speculators and hedge funds, it said. Any move by Rio Tinto to accelerate expansions at the Rossing mine in Namibia and the Ranger mine in northern Australia pose a further risk to the higher forecast, the bank said.
The uranium market supply deficit, which was 10,572 metric tons last year, should halve this year and narrow further next year to 3,945 tons, as supplies increase from new mines in Kazakhstan, Africa and North America, Macquarie estimates. Beyond 2008 the market will probably move into surplus as supply responds to higher prices, it said.
Total supply is forecast to increase by about 46 percent to 90,500 tons by 2013 from 62,192 tons in 2006. Mine supply is set to surge by 85 percent to 72,821 tons by 2013, while secondary supplies are set to fall 23 percent over the period, the bank said.
Macquarie forecasts the average uranium spot price will fall to $100 a pound in 2009, $80 in 2010 and $65 in 2011, then to a longer-term average forecast of $40.
ya think!;) lol...
got it... took a while tho... glta... hope we get a killer pr tomorrow....;))
huge blocks going through at .11 and .12... weeee i'm going for 15k at .12 and there not filling it!! lol
I'll try and get an update in a little while.
wow! things were looking ugly today... then bam! were at .12... somethings in the works...;) glad i added at .09 .10 and .11... lol
SBSH stepped up... nice to see... .11x.12 now