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fyi as of end of day 1/10/12 that was still the shares outstanding per the TA.
I think the delay on the Cantrell errata sheet is setting us up for Checkmate by Greenshift.
1. the Cantrell email was a last attempt to have greenshift patents invalidated based on the 'on sale bar'
2.the blood thirsty defendants sandbagged the witness with the infamous email (which should have been disclosed earlier on)
3. GERS attorneys call them on it and the deposition is postponed (angering the defendants)
4. Now they have to wait 6 months or more to get back to this deposition
5.in the meantime i bet (jmo) greenshift provides the email to the patent office
6. the patent office will rule the email is not an offer for sale and regardless the "offer" was for testing only
7. checkmate - defendants have nothing left
jmo
Happy New Year
Let's hope its a breakout year for GERS
Shares Outstanding
These are the figures I've received from the TA. The TA is not gagged so there is no need to speculate on dilution.
11/11/2011 14,588,937 post-split s/o
11/18/2011 16,401,763
11/29/2011 17,251,223
12/2/2011 17,252,111
12/9/2011 17,255,222
12/20/2011 17,258,197
12/30/2011 17,258,197
Interestingly, the TA will not tell me how many of these shares are restricted. Here is their response to that question:
At this time we will not release this information.
well the posts in question were deleted by an ihub admin, not a mod. they jump in once in a while. Im not sure what triggers them to review a board, maybe a complaint. Ive seen in the past when posters complain, they jump on the board and delete like crazy, i guess to get things in line. Personally speaking i don't mind a little harmless chit chat once in a while when things are slow.
Ive had plenty of my posts deleted - stings a litlle sometimes.
GLTY.
I just checked for you. An ihub admin removed a few recently becuase they were deemed off-topic. Discussion of why posts are removed/deleted is also considered off topic so i hope you have a chance to read this before it too is deleted.
Good Morning All,
I enjoy reading their posts, yours too. I'm just waitin' on news and busy with Christmas shopping.
GLTA
Tracy said to me:
Sagebrush has to come up with $2-$4 million for Newco.
Tracy Myers
Investor Relations
Liberty Star Uranium & Metals Corp.
520-425-1433
From ThinkPad/Outlook Server
2011 ZTEM on Big Chunk North shows a large anomaly there also. Further analysis by Liberty Star staff suggests another four porphyry copper style anomalies for a total of six to 12 anomalies within the BCSP claims area.
It's been awfully quiet on the litigation front...
makes you wonder $$
agree - about 2500 $ in volume is not a sell off.
The estimated dilution we'll see can be estimated by looking at the CD balances, interest rates, and market discounts. Like some others here, i expect some dilution and i'll gladly take some dilution for an improved balance sheet. The company is moving forward in leaps and bounds. The debt and the preferreds that are tied to them are what is holding the PPS back.
Settlements or a big refi deal and we are golden in the short term imo.
yeah. Remember the smart kid in school that got an A but went up to the teachers desk anyway to argue for 1 more point so that the A could be an A+...that's what i think just happened here. Im glad its behind us. Prevost FAILED. Markman issues now closed. Time to move on.
http://greenshift-gers.blogspot.com/2011/05/new-litigation-old-case.html
Skunk has a good overview of the matter in his blog.
The facts that BIOF is in the "fold" and that substantial steps have been taken to improve the GERS(D) debt structure should not be buried this way.
too funny. My brain just in low gear sometimes.
Believe me I understand the frustration here but a couple comments on your post
1. the actual numbers are available in the quarterly filings. I approximated because i didn't think exact numbers were needed to get the point across.
2. I am VERY satisfied with the progress reducing the debt.
3. The TA is not gagged so i think we can get updates on S/O with reasonable frequency.
4. The comment on dressing appropriately went right over my head. Sorry.
Good luck to you and I hope things turn positive soon for all our sakes.
For those of you following the GERS long term debt reductions, here are some YTD stats based on my review of the 3rd quarter report.
Total long term debt reduced about 34% from
approx. 46m to 30m
Percent of all LT debt owed to YAGI reduced from
approx 89% to 68%
Percent LT convertible debt with shares issuable with NO discount to market from:
from 0% to 15%, rest 90% discount to market
convertible debt with shares issuable at:
50% discount to market eliminated
70% discount to market eliminated
80% discount to market eliminated
All (i believe) convertible debt which had interest rate at 20% reduced to 6%
A proposed phase 2 case management plan was submitted to the court by the parties to the litigation back in October. I beleive they are still waiting for a ruling on dates that were proposed.
Defendents wanted GERS to make a demand statement by Nov 18th 2011. Adkins suggested Feb 27,2012 for the demand statement. Gers wanted the court to allow damages discovery time prior to making settlement demands.
Plaintiff(s) shall make (but not file with the court) on or before November 18,2011, a settlement demand. Defendants shall provide (but not file with the court)a response thereto within 30 days after receipt of the demand.
Sage News: Small Company Offering and Sale of Securities Without Registration (D)
13. Offering and Sales Amounts
Total Offering Amount $ 20000000 USD
Total Amount Sold $ 1718000 USD
Total Remaining to be Sold $ 18282000 USD
Might these be the funds required to close the deal with LBSR???
Gers did a 1:1000 reverse split and the cusip has changed as a result. the temporary ticker is GERSD.
yes IMO. It says a delay in "CONCLUDING"...
makes me thing they are close!
Happy Thanksgiving Everyone!
Yagi is losing a nice stream of income little by little to Andypolo, Stuttgart, JMC, Cascade, Moran-Hughes. These other investors are offering same or better terms. I think KK will clear YAGI debt one way or another.
...and did you see MIF restructure for 2013 convertible debt with no discounted shares? that is huge IMO. Looks to me that KK has been busy this past quarter making new financing arrangements that are more shareholder friendly. I think we are building toward YAGI debt being completely assumed by others or a major restructuring.
Happy Birthday Skribe! Hope you get some good GERS news today for your birthday present.
Updated S/O per the Transfer Agent(Interwest)
• 1-1,000 Reverse Split
• Pre-Split TSO: 14,588,937,418
• Post-Split TSO: 14,588,937
• New CUSIP: 39571U308
Just a guess at a reason the 10q was delayed:
The judge just recently ruled on the sealed motions(that were submitted right after the Cantrell deposition). As Skunk mentioned one ruling just came Nov 14/15. I think we might see some new info related to the litigation based on this. That could take a couple days to draft, edit, finalize so it can be included in the quarterly.
Its just a guess at what might be holding things up.
I didn't delete that post but just looked at it and I would have deleted it if i got to it first. Sorry but we have to keep things civil on the board.
Now my message is off topic so Go GERS, Where's that 3q report?...
I think this was a good trading day for GERS. Yesterday's .35 close was a paint IMO. Today we had good volume and though there was a shake mid-day we closed above .1
GLTA
It looks nice and Im not complaining but it was only 1 trade for 500 shares. Pre split that would have been a trade for .00035. Still a bargain price if you ask me based on potential here. I believe whoever bought those shares will eventually see a profit. Maybe sooner rather than later.
You may recall that the early-mid Sept timeframe, when the 60 day clock started ticking, was the same timeframe that posters mentioned Tracy was not able to say much about Alaska. I followed up with her at that time and her reply did not mean much to me then but seems to be more significant now.
I asked this specifically about our claims in Alaska:
I understand generally what is going on legally with Pebble vs. the environmentalists. Is there a dependency between us and them where we cannot move forward until they do? Or, can we move independently?
She replied on 8/25/11:
we have mobility in the area, but since we are in negotiations with NDM, we certainly are influenced by their situation.
Tracy Myers
Investor Relations
Liberty Star Uranium & Metals Corp
520-425-1433
TMyers@LibertyStarUranium.com
Twitter: @LibertyStarLBSR
Change in Par Value
With the reverse split our shares have gone from par value .0001 to .001
Originally the company had intended for the par value to remain at .0001
Makes you wonder why the change of direction? hard to construe this as anything but positive IMO.
NOTE 15 SUBSEQUENT EVENTS
On July 22, 2011, the Company announced its intention to complete a 1 for 1,000 reverse stock split. All stock prices, share amounts, per share information, stock options and stock warrants in this report do not reflect the impact of the reverse stock split, as the reverse split is not expected to become effective until the latter half of the third quarter of 2011. Every thousand shares of issued and outstanding Company common stock will be automatically combined into one issued and outstanding share of common stock, without any change in the par value per share. The reverse split will reduce the number of outstanding shares of common stock from about 14 billion to about 14 million.
...there is that subsequent events section...that is where im headed first when the quarterly is released.
There's hope. Last time they filed a form NT the quarterly was released the same day. I don't think we'll be waiting long-JMO.
Connie, GERS did reverse split 1:1000. Some brokers have not updated accounts yet. GLTY.
Nobody, Im wondering if the 7billion (which now translates to 7million) converted shares in the first half of 2011 is now held by entities that cannot resell their shares. That would make only half of the approx. 14million shares outstanding free-floating shares.
Hmmmm...
Take a look at item 2 from the 2Q11 GERS filing and then the last bullet item in the discussion of 33act rule 4(2).
From GERS 2Q11 report
ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
From time to time during the six months June 30, 2011, the Company issued a total of 7,728,976,480 shares to the Company’s various convertible debt holders upon their conversion of convertible debenture in the aggregate amount of $634,124. The sales were exempt pursuant to Section 4(2) of the Securities Act since the sales were not made in a public offering and were made to entities whose principals had access to detailed information about the Company and were acquiring the shares for the entity’s own account. There were no underwriters.
Section 4(2) of the Securities Act exempts from registration "transactions by an
issuer not involving any public offering." To qualify for this exemption, the
purchasers of the securities must:
• have enough knowledge and experience in finance and business matters to
evaluate the risks and merits of the investment (the "sophisticated investor"),
or be able to bear the investment's economic risk;
• have access to the type of information normally provided in a prospectus; and
• agree not to resell or distribute the securities to the public.
I hope that is what he meant. If he was starting with 900 maybe he would get 1 full share- they did say they would round up fractional shares.
900 shares before the split would be 1 share after the split. I hope you didn't spend to much for those 900.
Best of luck to you.
did you have 900 shares pre split?