You could be right, however, I think the current price is already partly depressed by some people anticipating another extension so I don't think it drops that far and if it does will settle higher after a couple of days. In my view another extension, while disappointing, would be a chance to get some more shares at a lower price, especially if you believe in the company longer term. I guess we'll know by the end of the day how it plays out. It is a shame that we can't trade options on this and by some puts to hedge our bets in case it does drop, this would be a perfect play for that.

You could be right, however, I think a lot of the volatility and lower prices the last couple of days is people already bailing because they don't think the filing is coming through. I do think the MM's will jump on non-filing to take advantage and take it down but I think it settles just above the 50 day MA, of course all depends on what other information is released or how the PR is worded. Pretty speculative at this point.

That's funny that you say the pps is much too high for a company with the CE, since it's been this high twice in the last 6 months with the CE on it. Since you'd ascertained that the pps is too high if they delay the filings for however long, then what should the pps be right now and what should it be after the filings actually hit, and what factors did you use to so accurately determine those price points? I'd like to know since if it's accurate that would allow me to greatly profit from future investments. thanks

fine, then you should sell out and move on

There's probably going to be a lot of volatility today, even more so as the end of the trading day approaches if there's no news of filings. The bottom line is they're either going to file or not. If they don't the pps will probably take a short term hit as some people head for the exits and chalk it up to just another pink stock that is headed nowhere, this could be a good chance to load up if you believe in the company longer term. If they do file I don't think it will cause an overwhelming increase in pps, especially short term, but should put a floor under the price we've been at in recent days and then actual news of production should be the fire that lights the greater increase.

I work in an accounting related field and I understand that things don't always go according to plan, no matter how conservative you try to be on dates and times. It doesn't change the fundamentals of the company, especially when you understand they were under no obligation to PR anything about the filings yet, but were doing so in an attempt to be more transparent. I'm fully prepared to see the price dip and ride it out and maybe add more short term for a longer term payoff.

Any understanding I have is based on my experience at getting my nose bloodied in BK from the creditor side mainly. I agree that whoever is the CEO or even COO needs to be someone familiar with the mining business with the CEO having experience in the business side of it primarily. Having a skill set in a certain area doesn't always translate into other areas well, running a business in one industry doesn't necessarily mean someone is capable of running one in a completely different industry, just look at some of the CEO's who have flamed out after going into a different industry.

None of this is a knock on Chuck or anyone else involved with the EHSC, but I've also heard an ugly rumor that Chuck is more skilled at being retired recently and probably doesn't want to do too much to lose that skill set.

I'm guessing you could tell it was going down by the fact that the pps has gone down, lol, it's not at .0169 either. I'm not sure what stock you're watching but it doesn't appear to be SNEY

You gotta love it when the same MM is on the bid and ask and miraculously at the same time both bid and ask drop dramatically and a trade goes through at the bid, like ETMM is doing now. I think this is just an early morning walk down and once ETMM is done it will start a slow climb again.

And from my experience with BK over the years, one of the hardest things is to come up with a POR that you can get a sufficient number of creditors to approve so that it actually goes into effect. In this case with so many different creditors with their own agendas and hurt feelings from past dealings with the company, it's almost got to be as much art as science to try to come up with something that they feel is fair to them and they can vote yes on. If something is offered that keeps the stockholders completely intact but doesn't give the creditors 100% of what they feel they're owed, then it's got almost no chance of approval. And remember we as shareholders don't get to vote on the POR once its accepted by the court, only the creditors do. That's why it would be easier if Altus did buy them all out for whatever amount and then we primarily had to satisfy only Altus with the plan to get it approved.

Getting the plan submitted is only the first hurdle and if you're not holding long term the news of that will give the pps a nice jump and an opportunity to get out at a higher level if you're inclined to do so. I know that the EHSC knows all of this and wouldn't waste time submitting a POR that has no chance of approval, but its a long process from where we are to where we all want to be, with many interim steps and potential sticking points between. However, who would have ever thought we would get this far, I know I had my doubts early on.

Listen, if/when we emerge from BK with a workable plan to extract minerals and money from the property and the shares intact, I'll have enough money to contribute to whatever campaign you, chuckie and the rest want to run for. Until I receive word of the POR filing and acceptance I'm looking at this pretty much as a lottery ticket, with a chance to hit it big or book a nice loss to offset gains in other plays.

Are you saying that you never for a minute considered that they might file for an extension, especially based on how long it's taken them to get to the point of filing at all? It seems like as a chartist your predictions and/or plans would have been solely based on what you saw in the charts which doesn't include fundamentals such as filings and notices of production. I find it hard to believe that you've completely changed your sentiment from one extreme to the other so rapidly.

I'm thinking he might be able to get JB to send him one month's salary and help a brother out.

I need to stay out of that part of Utah, I'm surprised they arrested and booked someone for unsafe lane change and defective headlights (not Ted someone else).

lol, I thought the same thing, it looks exactly like an EKG chart and I'm sure some people here probably needed an EKG earlier today.

I think they will file them as soon as they are completely ready. There is absolutely no advantage to the company for them to be ready to be filed and hold them until the 15th just because they can. In fact if they're waiting on the filing of the financials to PR about the dredges going into production, then I would think they'd want to file sooner rather than later.

Witin 15 days also means prior to 15 days, which could be tomorrow or in 15 days. If they wouldn't have PR'd anything and just not filed at all, then everyone would be mad and accuse them of messing things up and leaving the shareholders in the dark. I agree that the reason for the PR was partly to demonstrate not only to shareholders but to the OTC that they intend to do everything they can to comply with rules, even if they're not required to, and to be as transparent as possible.

I couldn't get filled either. I think they were selling back and forth for their own accounts and not filling any orders from anyone else.

Actually, I'd like it better if they weren't here at all since they were the ones that appeared to orchestrate the bear raid earlier. It shows me they can't be trusted.

Its crazy, all of that excitement both ways and we're right back where we started, although with over 10M traded in 45 minutes.

I gotta hand it to them,it was a heck of a bear raid and lafc did their part and now are on the ask at .024, lol, it should be criminal but I know none of the authorities care. I'm just sorry I didn't have any more dry powder or I would have loaded up like crazy.

Lafferty and Etrade are walking this thing down pretty quick, don't know if it's to get stops or they've been short selling on the side and trying to cover. Its been a while since I've seen one swing this dramatically this quickly.

Right now they're the ones killing us on the ask

They seem hard to come by, I had a buy in at the ask and it still took over 5 minutes to get any.

I think it will be some early churning because some people have expected to have the financials filed today and not an extension and may see that as evidence of a failure by the company and sell out. The MM's will take advantage of that opportunity until people start really reading the PR and realize that it's positive and their window of opportunity to get in at these lower levels closes in 2 weeks and will start buying in.

If someone believes like most of us do that this is headed for multiple pennies at minimum in the very near future, then you should look at these last 2 days as gifts. I had added to my holdings around .01 and was bemoaning the fact when it went to .014 that I should have added more but was beating myself up when looking at the price at that point compared to earlier when I did add. Now that it's fallen to where it is, I can now buy almost 1/3 more shares for the same money and be in a much better position down the road.

I really don't care at this point if they file an extension or the financials, as long as they get the CE removed soon and go into production. I'd prefer the good PR's are spaced out so that we can get the maximum effect from each one.

Etrade sitting on the bid and ask and taking it down.

Many people probably waiting to buy until they see where the bottom is and once it starts turning back up they'll chase some before it gets away. You can never time the bottom or the top but you can see it after the fact.

I agree, I still look for us to close right around .014 or just above. It'd be crazy to sell right before news coming that will cause share price to go up.

The bid-ask seems to have pretty much stabilized right now. For most of the morning it was jumping all over the place, lol, it was kind of hard to figure out where to go with a bid.

TD Ameritrade is and Zecco is I know for sure.

Good balanced assessment of where we are and where we're headed. I agree that potential right now is not what the market is looking at from LBSR. I think they know the potential is/has been there all along, now they want to see that something concrete is being done to unlock the potential. I think news of the actual start of drilling will reset the "floor" from the .03 level to maybe the .05 level you mentioned, with consolidation there until the results actually come out at which point it's anyone's guess where it goes based on the results. This is of course absent any news from NAK or some other entity on a JV or partnership or any other direction altering news.

I know it's just frustrating to see other JM's that have a lot less going for it, being priced by the market at a much higher market cap while this one languishes even on the heels of good news. I think the impetus for a higher floor under the pps should be the announcement of the start of drilling in Tombstone hopefully followed by other news. I hope I'm sitting here this time next year complaining because the stock seems stuck at $1 and can't seem to go any higher.

Unfortunately, it looks like right now you get a sub .03 share price which is ridiculous.

Sometime between tomorrow and never. Not trying to be smart or rude about it but at this juncture it's probably that wide open as to when or even if that transpires. Really, if anyone knew for sure even within a couple of weeks they'd be able to load the boat with millions of shares right now and make a fortune on the pps increase when that news comes out.

I'm not sure what you're basing that on other than pure speculation and assumptions. The price action and lack of volume is meaningless at this juncture, especially when the entire market is tanking big time this week. The problem with people speculating and trying to time their purchases is information can come out at any time and depending on the content of that information it can cause a huge increase in pps pretty quickly and they're left to chase it. That being said no one ever said this was a sure thing, far from it, but that's why its like buying a lottery ticket, you only have to get it right once for the payoff to be huge.

So you firmly believe that KATX will have a market cap of over $9B? Unless they do a reverse split of about 1000/1 I don't see $15 in the cards anytime soon.

lol, you make it sound like it's just as easy as deciding to write a check and the BK miraculously disappears. I'm not naieve or ignorant of the risks involved with this play, but it seems you are of the upside or other side of things. Certainly you can't really believe that Altus is now completely in control of what happens in the BK case, and to the stockholders, the company and all other creditors, unsecured or not, and that the BK court is now going to roll over and submit to Altus's decisions and that PN is going to drop their lawsuit against the company, all because you say so. You have got to be putting on an act, right.

I've searched everywhere and there's no indication or documentation that NAK did a secondary last night other than speculation on some other message boards. The speculation I saw is actually that AH a large holder from a previous placement was allowed to dump a massive block of shares at what appears to be a pre-set price. Doesn't really make sense to me, but so far all I've seen is rumors and speculation regarding the secondary, unless someone else has a link to confirm.

I know I'm slow but even after checking the Yahoo boards no place can I find where it says definitively that NAK did a secondary last night for any amount. There's speculation that they did but no one that I've seen has been able to provide any documentation or a link to confirm. The only thing I saw on Yahoo was speculation that some large holder from previous placements was allowed to dump a large block after hours which took the price down. If you've got a link or something to confirm it please share. thanks