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Hurricane, I lazily gave a random definition as to make a simple point.
I don't have all day to research SEC rulemaking. My experience in the markets and legal industry, tells me this was a material event.
That is my opinion...tracey is a worker bee, and can do nothing to change the definition of a thing.
Just because lawyers decide to do, or negate something, doesn't make it legal. So the easy trust your are professing in lawyers is fine for you, not for me. I'm buying more shares, do you understand?
We disagree on the material event issue. Its noted.
GLTU
Interesting angle. At least we now know what we don't know.
It could ofcourse be easily argued that the amendment has the potentiality of affecting the financial situation of LBSR. So again we are back to splitting hairs, and speculations.
I'm going to chalk this one up to let's wait and see what happens with SAGE and NAK.
Feeling like christmas eve these days.
Gold, I can see your potential rightness in your assesment.
However, as a secondary issue,I fail to see how this amendment would be considered a non material event.
She mentions both parties are surrounded by legal advisors, I'm wondering what DO they consider a material event, if not this?
GLTA
IMO, the context makes little difference as to the "material" actuality of the event.
I would have felt better is she simply said "I don't know" to your inquiry.
Granted, it's clear both parties mutually decided in SEPT with the proceeding amendment determined as a non event...which is baffling to me IMHO.
For the record:
"Securities and Exchange Commission required form that a publicly held company must file, reporting on any material event that might affect its financial situation or the value of its shares, ranging from merger activity to amendment of the corporate charter or bylaws.
The SEC considers as material all matters about which an average, prudent investor ought reasonably to be informed before deciding whether to buy, sell, or hold a registered security. Form 8-K must be filed within a month of the occurrence of the material event. Timely disclosure rules may require a corporation to issue a press release immediately concerning an event subsequently reported on Form 8-K."
Read more: http://www.answers.com/topic/8#ixzz1dsMKXk5n
Thanks for posting this.
Excuse me? How is this SEPT 8 amendment not considered a material event?
I would say it's VERY material.
Do we know what her credentials are?
TIA
AGREED.
What's crystal clear imo:
Weak hands are treading on VERY thin ice. Any day we can zoom on significant news. It's the most exciting stock I own.
GLTA
Interesting angle you mention...so much going on here...just when people thought it was a boring stock to own :)
INFIL...S4 pretty much sums up what my thinking is FWIW. (saved me some typing!)
It's safe to assume, we will all know very soon the actuality of these speculations.
GLTA
Anyone else thinks it's fishy that the timeline for the potential SAGE deal expires next month as well?
Briscoe has something cooking.
GLTA
Expired 1 week ago, from the way I read it.
GLTU
My theoretical LBSR calculations show..we might be "going plaid" by EOY.
GLTA
"But I would think they would be finalized within the 60 day window".
The way i'm reading it, the 60 DAY window pertains to NAK's ability/opportunity to counter the alleged third party.
NOT that the third party offer must be completed in 60 days.
All IMO.
We will all know for sure soon enough.
GLTA
Speculation: Would make sense to wait until the "alledged" third party offer to finalize, or possible NAK jv to be finalized...then make one solid PR either way imo.
Interesting few DAYS/weeks ahead IMO.
GLTA
My useless speculations on the matter.
1. It appears that one way or the other, something significant is about to occur.
2. NAK clearly is in decision mode, with a known timeline.
3. I suspect LBSR has another offer from an interested third party re: Amended exlusion claims.
4. I won't necesarily count out SAGE, or more probable ANGLO; as the third party offer.
5. Significant news will break any day here.
6. Until we get definitve PR, the glass is still half full or empty depending on personal viewpoints.
7. I NEED more shares.
Where is the $20 Million coming from?
"The facility was purchased from Renergy Inc. and Natural Energies Inc., both of which will become equity holders in Laidlaw Energy and will be issued a new class of preferred shares. Laidlaw will invest about $20 million in a 12-month refurbishment to upgrade the equipment and hire a new crew."
http://biomassmagazine.com/articles/5964/laidlawundefineds-california-biomass-power-plant-purchase-final/
"It is a good thing you can't be sued for libel for what you say on a board like this."
Banks, Just so you know, Farmergals's assertions above, should not be perceived as 100% legally factual. Just saying.
On another note, do you think the SAGE/LBSR deal will go through?
TIA
"Hopefully the emotional swell will keep rising, and along with it maybe an artificial demand will be created, and I can sell this dog"
Well as long as we are on the grays...I don' t think it matters much how much hype that could be generated, we can't sell these shares anyways.
Besides, my personal ethics will not allow me to "sing the praises" of this opaque news; just so I could help create buzz for barty and his gang.
This is considered lost money at this point for me.
I hope he can eventually pull the bunny out of the hat at some point, and I will gladly exit my holdings if given such an opportunity.
GLTA
Agreed on all counts. I was a bit disapointed when I saw the terms were not made public. Normally, it wouldn't had been a big deal, except for the recent track record.
That yucky feeling of "oh booy...here we go again", more opaque management moves, no respect for shareholders to be given pertinent information...etc
The lost of confidence in management is inescapable for me at this point.
Frankly, I hope to (hopefully) eventually see uplisting at some point, so I can finally sell my shares and be done with it all.
GLTA
Well well well. What an interesting tun of events with this out of the blue renegy acquisition news.
Why would RENEGY go through with a deal with a company that is "supposedly" a scam, and on it's last legs?
What does RENEGY know, that we don't?
IMO we can expect a pr soon to explain all of this controversy, and hopefully management's guidance on uplisting posibilities?
GLTA
What will you say when she hits $7.00? lol
Just kidding.
IMO I imagine a future time when newcomers will say..wish i would had been lucky enough to load the boat for a couple of pennies.
Not me. I'm buying more lBSR. Have you?
TIA
I'm not sure why this is so hard to comprehend. Nice post.
GLTA
now NOW...don't be so sensitive, I didn't mean to hurt your feelings. A "no holds barred cheerleader?"you say? Well..i suppose accumalating at these levels and waiting to see what actually happens can be deduced by some as a senseless cheerleader i suppose.
Yep you got me...guilty as charged.
As for your other accusations, I will consider it as a simple knee jerk reaction of your instinctual fight or flight syndrome.
GLTU
Do you have anything new to add?
TIA
I wonder why my stink bids didn' t get filled on the way down? Can we do that again please?
TIA lol
I personally prefer the "KNOWN UNKNOWNS"(ztem anomalies)...It's all about speculating at the right time, before the known unknowns become, known knowns...
So curious to see how the SAGE situation unfolds. (known unknown)
GLTA
"There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don't know. But there are also unknown unknowns. There are things we don't know we don't know"
RE: LBSR
-DUMMY RUMSFELD-
Trust me, I am fully aware of the cost of litigation. I was apparently under the mistaken assumption that all of your energetic investigative actions into LBSR's management actions; would eventually come to a point of decision.
Logical combinations I imagined after your validation of facts:
1. Sell all of your LBSR shares in disgust, and report the alleged illegal/ unethical LBSR actions to appropriate authorities.
2. Bring a suit, as you yourself opined "may". I assumed too much it seems, as I expected your zeal would automatically match your might.
Thanks for clarifying.
A 2.5 year old? Agreed, I can' think of anything more important to focus on IMO :)
Added more @ 0.024
SAGE issue forthcoming.
Rest of my dry powder set at stink bids.
GLTA
"Once we uncover what happened, I may bring suit against Briscoe and his pawn of a Corp Counsel. What kind of an attorney would let even an imbecile of a CEO/CFO do that? He knew and was complicit because the agreement was CLEAR as DAY. And when he tells us under oath that Briscoe didn't listen, guess what? JB is OUT"
Hmmm...why would you say "MAY"? What would make you NOT bring a suit; after uncovering evidence to bolster your allegations?
TIA
That was my poor attempt at "Long spin", as some naysayers have alledged.
Did I fail? lol
GLTU
Maybe someone figured out sub penny may not be forthcoming?
SAGE outcome looming.
Nice bid.
Fern, somehow I think even if SAGE falls through, it seems unlikely to be the sub penny catalyst we might expect.
NAK so far is continuing to spend money here...I don't think it's because they are charitable?
UGHHH...This is depressing. I was hoping for subpenny cheapies in the interim; Sincerely.
I guess I can settle for just one mansion I suppose.
GLTA
I'm disapointed by the lack of large dumping of shares I expected today.
What do you think it will take for us to go subpenny here?
TIA
I agree. This is a wait and see game. My dad taught me to fish at 4.
"Get ther eearly,find the best spot, use your best lure, and wait. If there is fish there..they will eventually bite"
This strategy is not always 100% gurantee ways to getting a fish..but this concept has worked for me in my life in more ways than one.
I believe it will work here too.
Patience is needed here. Simple as that IMO.
GLTU
"Why is it so hard to attempt a realistic calculation of LBSR without all the speculation, INCLUDING mine."
I think you already know the answer to that question. It's because management always have done a terrible job of communicating clear, timely and concise information for most investors'S tastes.
What else can those shareholders do but speculate, especially when their accounts are dwindling downwards?
I have said, I understand yours and others viewpoints on alot of LBSR management negatives.
We may have differences on some key points, but overall, to be a LBSR shareholder here is by necessity a speculative play, but with briscoe's management style..even moreso.
Until such time, either by hook or crook..things evetually become more clear...all we have is each other's speculations.
You have taken a more proactive stance regarding your LBSR holdings, I wish you well in those efforts.
I think we can both agree, There's more going on behind the scenes that we are being told. It's simply a matter of a person's belief on whether they think it's good or bad.
This is strict throw away $$ for me. A grand gamble. I think it will pay off.
Time will have the final say.
GLTU
If the PR can be relied upon..it appears it's clear that success fee provision is nullified?:
"terminated our agreement and relationship with MLV with no further liabilities to either party."
Agreed. I hope it gets stinkier. This play is definetly not for everyone.
GLTU
"If some on this board knew so much why trade the pennies? LOL"
psst...just sell. You should always trust what a stranger says on a penny stock board.
For all we know...NAK is really just a shell company with a BOZO ceo. Bumbling ole' briscoe was able to scam big $$ from a multi-billion dollar company...without showing any real evidence of mineral claims.
Apparently its' all a scam.
GLTU
Good point. All in good time, this will all be more clearer IMO.
gltu