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I was simply directing his interest to the most important factor of any class action lawsuit... whats to gain & how much does it cost- pretty simple stuff
It would be interesting to see how something would unfold, but there would be an major issue right out the gate... who would pay the attorneys? Even if it was a slam dunk class action lawsuit, there is no money available to collect in the end.. I have stood on the court house steps many times and in the end someone has to pay... no money= no attorney interest
Even tho I lost $ around the fiasco, I would lean towards no suit, simply because the $50G bill at the end or $10G retainer fee up front has to be footed by someone
Although if someone wanted to make the Co. go bankrupt (to free up those claims) finding a supporter to fund the attorneys may not be that hard... eh? But whatever, just my thoughts
I know! Its wild!
Then according to your magical math the holes will only cost 3million... Gooduck with that
you don't get it still? Why are you happy it is in the form of dilution? Do you not care about s/s? If these gold/copper formations are sooooooooooo massive why would it hurt to share the wealth in the form of profit sharing operations instead of the easy road---> blood from the backs of shareholders- think about it
We are now to the point that we could start drilling
I think u and "kickedoff" are confused
Both of ur mindsets are not looking from clear shareholder eyes! YOU as a shareholder may have to give up s/s for more $ to fund more of what??!!
If the goods are in the ground the mining industry guys should be falling over eachother like clowns filled with cash to advance company operations, not shareholders having to deal with a undercut s/s to financial private placement snaketraders.. good luck with your future trading
k sounds great! good luck with that
So boots on the ground confirmed the following?
I agree, and soon the Russians may follow suit with the Chinese in regards to LBSR
why would the ceo try to talk to every shareholder in america one-on-one? Maybe to convince the stakers that he may need raise A/S and dilute to keep things going? Who wants to repay a 10M loan when all you have to do is a "whirlwind" tour, with a finance note saying... "see, they believe me, you should too"
If its truly great then DO IT lbsr, stop the talking time & touring the country side like your michael jackson
just my opinion
oh ok, thanks. So I should be expecting KMAG to file this financial with the SEC your saying? Cause if not, then what you just said is irrelevant.
not sure what your talking about..
wow, complete miss-information with KMAG... do you even know what it means to have an independent 3rd party cpa audit a company financial s? I do, had it done couple times myself for reciprocity licensing in various states.
So whats the new O/S?
Can you provides any facts to substantiate your subjective analysis?
eh- buy what ever, doesn't matter as long as you know what to do & when to do
too bad some company make it hard tho, and you have to wait for a Q statement to see what the O/S is on maybe "one" given day of that quarter..
spiraling pps tells the story quite clearly to me
don't be afraid to speak your mind on KMAG... lol
The buyback? What good would that do? Raise the PPS? hah not likely with 625,000,000 common that could be introduced at any time from converted preferred, and no the Q1 report did not say they were restricted either...
but then again what do i know, just my humble opinion
Oh ok, mystery solved thanks. You right why bother trying to find out the current O/S..
Preferred shares are not necessarily restricted shares
Not sure what the anger is for, I just would enjoy a T/A who can give me daily O/S numbers. And from my phone call today, even the admin dept of American Transfer can not, would not, give me the numbers.. so maybe you should try and post the Current (today's) O/S with-in a few minutes here, I'll be waiting.
May 22nd is not today, or yesterday or even last week. I want to see to daily's. Some would be amazed at how the O/S can fluctuate up and down DAILY
preferred are converted to commons
They understand very well what a O/S is. And May 22nd means nothing to recent trading.
A financial report?! Is it filed with the SEC? I only trust daily in-outs with T/A O/S numbers, shouldn't be that difficult to understand the O/S revolving door, but apparently it is.
well that's what they are for, I not saying they are, but sure would be nice to be able to confirm with T/A
opps, sorry I have the bad habit of only trusting T/A numbers.
GAGGED T/A, just spoke with AST agent to see if any of the preferreds (1:25) have been trickling into the O/S- and not to my surprise they can't release that info.
Funny how in all the ibox info KMAG apparently doesn't have a T/A phone number, here it is if anyone wants to call for themselves 800-937-5449
Correct, maybe I should have posted a wiki article instead of a whimsical easy observation on my first post earlier regarding specific stages of dilution. Thanks for clearing up the classroom.
I think you may have a partial understanding, but you say
haha! thats a good one! wait- Are you suggesting a R/S?!?
No I am not suggesting the idea you are trying to sell. O/S can be whatever it wants, doesn't mean the O/S is full free floating shares, the O/S can contain past private placement or any kind of shares waiting for the day to fly... not hard to fathom
oh wow, i didn't say from who.. this isn't that hard pffft
Never said company had to do with it, Shares could be back burner shares traded for months before they even hit a market, not reflected on S/S at all, funny how people think dilution is a real time event every-time.