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ROFLOL! They grab new claims and setup another year or two of zapping Niton samples, collecting veggies samples, putting out PRs ("Looks very promising but we need to collect more samples"), all so that the CONTINUOUS MILKING OF SUCKERS CAN CONTINUE UNABATED.
TOXIC SHARES ARE SOLD AND DUMPED, OVER AND OVER AGAIN.
THE SCAMMING NEVER STOPS!
.001 BID! There are not enough authorized shares left to fund any real work and that means a Reverse Split and a WIPE OUT of existing shareholders. Some bagholders seem to be trying to get out now before it is TOO LATE. Expect a fast and brutal selloff down to quad zeroes.
HARD FACT - Briscoe zapped a rock, put out a PR stating that it was 22% copper. He mentioned that Bisbee's initial copper deposits graded @22% and that Bisbee was nearby. TOTALLY MISLEADING DECEPTIVE BS!
He's getting paid right back. It means little. Now they can zap little spots of green on rocks and then claim there is 22% BISBEE LIKE copper. The usual bunch of gullible fools will get all excited and keep buying shares.
Those LONGS should not get upset that the direction is sharply down and just shutup and be happy that there is simply movement from the ZOMBIE STOCK.
PHONY HYPE PR, THEN MASSIVE TOXIC SHARE DUMP.
As predictable as the sun coming up every day.
Massive dumping happened yesterday. Everyone was warned.
Yup, A or B means existing bagholders get wiped out.
MORE PHONY HYPE!
They trot out these PR's every several months when they have to dump a lot of stock. NEVER AMOUNTS TO ANYTHING MORE THAN CREATING MORE BAGHOLDERS.
No, of course they are not working on credit. The usual bunch of suckers are paying for the ZTEM redo. And yes, "something" is up, money must be raised so new hype must be concocted, as I detailed in a recent post:
RATING ALERT!
I'm officially down grading this stock from ZOMBIE to CORPSE.
A BIG TOXIC DUMP should be arriving any day now.
Enjoy!
TRADING @.0012 - REAL EXCITEMENT ABOUT THE ZTEM.
The new advances in ZTEM software/algorithms can reveal THAT AREAS THAT LOOKED PROMISING BEFORE, ARE NOW NOT NOT-PROMISING.
Don't be surprised boys and girls to find out that some of the previous LARGE BLOBS are now revealed to be nothing but water, underground aquifers.
They pull the SAME HYPE GARBAGE every time they need to DUMP SHARES onto SUCKERS.
The new ZTEM will show colored blobs and all the usual gullible dupes will load up on shares. The money PISSED AWAY on the ZTEM comes from SUCKERS. Those BENEFITING, i.e. LBSR insiders and their BFF TOXIC LENDER, pay ZERO out of their own pockets for it. And they will all be laughing their a**es off how they pulled the same CON AGAIN.
Hay Mountain has been shopped around to all the big mining outfits FOR YEARS AND YEARS. THEY ARE NOT INTERESTED! FULL STOP! END OF STORY!
Einstein's definition of INSANITY ("Doing the SAME THING AGAIN AND AGAIN BUT SOMEHOW expecting the RESULTS to be DIFFERENT this time.") is such a perfect description of the usual suckers who keep buying shares in this ZOMBIE COMPANY.
MORE PHONY HYPE to get suckers to pump up the failing stock price.
"We need to update the ZTEM because the the minerals in the ground magically changed from the last time we did one"
Surprised they didn't throw in collecting more veggie samples. That always seems to be a crowd pleaser.
"Organizing" Earp Ridge is nothing more than LAME, FAKE HYPE to lure in suckers. All of that could have been done in a FEW HOURS OR DAYS, MONTHS AGO. A BIG ZERO in reality.
My "prescient" post about Bricoe right before the news.
He's running like a scalded dog as far and as fast away from this ZOMBIE STOCK before they fold it, and then the mob of VERY ANGRY bagholders, who feel they were SCAMMED, want a head on a spike.
Enjoy boys and girls, but remember, you had endless warnings to escape.
Briscoe said there was 22% Bisbee like copper on an outcrop. Surely if LBSR thought that was true, they would have drilled on hole straight into that spot. They had enough money to do so.
But that didn't happen because that was ALL DECEITFUL BS, and the 22% copper Niton reading was probably from one surface flake. Just SCAMMING BS NOISE to get the perpetually gullible dopes to buy more stock while the TOXIC LENDER was dumping.
WARNING - ZOMBIE STOCK!
This is on life support and the only reason the plug has not been pulled is so some insiders can keep milking it for 10% interest payments.
WARNING - SCAM ALERT!
14 YEARS+ to get a copper mine in area by Hay Mountain approved and permitted. If if Hay Mountain had economically minable copper, most current bagholders will be wiped out by then.
"If the ruling slows projects another two years, after Rosemont has taken 12 years to get permitted, “how much slower can it get?” he asked."
The "bubbling" and "its heating up" happy talk has been exposed as just that. Empty, wishful babbling.
The area has gone STONE COLD!
Aug 16, 2019
Lots of sleaze in this:
we had a balance of $13,325 due to the spouse of James Briscoe
The officers are just keeping this ZOMBIE alive to get 10% interest payouts. And it is an almost guaranteed investment since they know there will always be a supply of SUCKERS to pay up so they can get their money back. They control the hype, as needed, as has been the practice repeated HUNDREDS OF TIMES.
NOTE 4 – Related party transactions
We rented an office from Jim Briscoe, a director, on a month-to-month basis for $522 per month through December 31, 2018. The total rent unpaid was $2,996 as of July 31, 2019. This lease was discontinued as of January 11, 2019.
At July 31, 2019, we had a balance of accrued unpaid wages of $759,949 to Jim Briscoe. We had a balance of accrued unpaid wages of $36,137 to Patricia Madaris, CFO. Additionally, we had a balance of accrued unpaid wages of $15,625 to a former President.
We had an option to explore 1 standard federal lode mining claim at the East Silverbell project and 29 standard federal lode mining claims at the Walnut Creek project from JABA. James A. Briscoe, a Company director controls JABA and the estate of Dr. J. M. Guilbert (deceased), a former director of the Company, holds a small stock position, as well. We paid $4,650 in rental fees to maintain these mineral claims until September 1, 2019 during the year ended January 31, 2019. The original option agreement was for the period from April 11, 2008 through January 1, 2011. The company did not retain or renew the option for JABA and no further payments for rental fees for JABA were paid.
At July 31, 2019, we had accounts payable to JABA of $34,798, which is reflected as accounts payable to related party on the accompanying consolidated balance sheets.
At July 31, 2019, we had a balance of $13,325 due to the spouse of James Briscoe, which is reflected as accounts payable to related party on the accompanying consolidated balance sheets.
During the six months ended July 31, 2019, the Company received advances of $22,000 from directors under promissory notes due in February 2020, with interest at 10%. Additionally, the Company has a note payable of $10,000 from James Briscoe, under a promissory note dated September 17, 2018, due September 17, 2019, with interest at 10%. As of July 31, 2019, the total balance of all related party notes was $136,569, which includes accrued interest of $8,677.
In July 2019, the Company issued an aggregate of 45,000,000 Non-qualified stock options to three directors for services. The options vest immediately, have a 10-year term, an exercise price of $0.003, and resulted in share-based compensation expense of $60,670 during the six months ended July 31, 2019.
In July 2019, the Company issued 43,215,212 shares of its common stock and 21,607,606 warrants to an investor, who also subsequently became a director, for proceeds of $50,000, or $0.001157 per share. The warrants have a three-year term and are exercisable at any time at an exercise price of $0.00162.
Looks like this might need to get posted again. LOL
EVERY SINGLE TIME their BFF TOXIC LENDER needs help, they whip up some stupid crap to get the same group of delusional bagholders thinking something MAY BE happening so they buy more TOXIC shares.
SCAM ON STEROIDS!
.0018 BID! 25% LOSS for all those .0024 buyers.
The next TOXIC DUMP , coming real soon, should drive this back to .001.
As long as you've been around you have to ask???
Every time we go a couple of months without a TOXIC SHARE DUMP, the price starts floating up. People start chasing the move. Then, A HUGE TOXIC BATCH of shares comes up for conversion and the price goes back down from the toxic dumping and from flippers who rode the wave up and now are scrambling to get out with a few bucks.
This has happened dozens of times and will happen this time as always.
The "hole in one" you talk about is FICTION and didn't happen.
IT IS A BIG DEAL. It is the single biggest reason why the price gets HAMMERED BACK DOWN after naive suckers foolishly chase it upward.
Those 55K borrowings come due for conversion 6 months later and then get DUMPED. As predictable as a full moon every month.
Another BIG TOXIC dump should be hitting the market any day now. All those who chased this micro rally will be new bagholders. Some never, ever learn.
LBSR HAS NO URANIUM CLAIMS. REPEAT LBSR HAS NO URANIUM CLAIMS.
With no VALID projects, its time for this DOG to be put out of it's MISERY!
Hay Mountain has been shopped about for years and years and there ARE NO TAKERS. THE SMART MONEY KNOWS IT IS A DOG AND THERE IS NO "THERE THERE".
This thing is DYING! All former SCAM HYPE projects have been scuttled and no new ones have been contrived. They'll keep the ZOMBIE alive as long as they can to get milking suckers for 10% personal loans.
Briscoe hyped an outcrop with 22 PERCENT BISBEE-LIKE copper. If that was good enough to whip up the suckers into buying more shares then the BOD should at least fund 1 hole straight into that 22 PERCENT BISBEE copper. Unless they know that was all a lie, a shameful lie, and it was only a speck of copper on the surface.
Where did I say they were going bankrupt? I said they would keep the company alive via toxic debt just so they could continue to loan money at 10% and get paid back.
The hard reality is setting for many that this company has nothing in the works and it's only major claim is a DOG that no one is interested in. Shopped around for years and no takers. The only thing happening is the continual MILKING of BAGHOLDERS while management keep the ZOMBIE alive so they can keep getting 10% on their personal money. SO SLEAZY!