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Ominvision OV8830 is in 4S: Per Ubergizmo.com
Here is a link and a quote:
http://www.ubergizmo.com/2011/10/iphone-4s-review/
"It made sense that the iPhone 4S came with a better sensor, optics and software. Its Omnivision’s OV8830 sensor uses BackSide Illumination (BSI), a sensor-building technique that allows more light to reach the sensing elements. "
Does anyone know where they manufacture their chips now?
Thx
It states nomlater than 5 days.
Today's News = FDA approval for a pharmaceutical company...
The gates are open... float is sooo low and opportunity is so high at these levels...
GLTYA, with the market about to tank... stocks like this will be a magnet...
Something is definitely brewing...
we are way oversold...
MACD down
Stoich down
Huge buys at the end of the day today...
And boy... the yahoo board is swamped with new people now...
looks like the shorts have switched and activated their pumping machine...
get ready for a perfect storm...
GLTYA!
I think the market is reacting to the insider selling that has happened in the past few days. In my opinion, the sales are relatively low and probably their reaction to uncertainties surrounding obamas 2011 taxes. I would anticipate many other companiesvand investors selling off towards the end of the year...
We are way oversold...
I have a feeling the next week will be monumental...
Ride the earnings tide... Fslr tomorrow...
Yes...
If you follow the string of posts you will see that I am not the only one. I just got off the phone with TD Ameritrade and they are aware of the problem and are not sure when they will be able to fix it...
Yes TDA streaming is all messed up
My last trade has been stuck on .045 while the bid and the ask have been responsive.
The volume has also stalled.
I am using istockmanager. They say sinkorswim should be working. I have not tried it.
You can call and get a few free trades. 3 -5 or so...
My apologies... JV is old news... Evidently just a pumper letter
OTCBB: LBSR (Liberty Star Uranium & Metals Corp.)
Liberty Star Uranium & Metals Corp. (Liberty Star) is an exploration-stage company engaged in the acquisition and exploration of mineral properties in the states of Arizona and Alaska. Claims in the state of Alaska are held in the name of its wholly owned subsidiary, Big Chunk Corp. Claims in the State of Arizona are held in the name of Liberty Star. The CompanyaEUR(TM)s significant projects include the North Pipes Super Project (NPSP), Big Chunk Super Project (Big Chunk) and Bonanza Hills Project (Bonanza Hills): Liberty Star has entered into a joint venture agreement (Elle Venture) with XState Resources Limited (XState). It holds a 50% interest in the Elle Venture, a general partnership with XState that was formed to explore, and if warranted, develop certain mineral targets within the joint venture area.
More details to follow...
http://www.otcmarkets.com/stock/LBSR/news
Good Luck Longs...
He said he got out today with a $3,500 profit. He must have added to his position in order to do that. In either case, he is gone
I do not see that quote anywhere in the 10Q.
I have run this through MS Word's Document comparison and have the following results:
Negative working capital increased from $3,452,591 to $3,528,290 - not a big deal IMO
Cash outflows from financing activities decreased from $108,229 to $104,729 - not a big deal IMO
Net loss of three months ending April 30, 2010 decreased from $397,948 - $320,847 - not a big deal IMO
Stockholders' deficit as of April 30, 2010 was increased from $3,339,457 to $3,415, 156 - not a big deal IMO
Form 10-Q/A for LIBERTY STAR URANIUM & METALS CORP
9-Sep-2010
Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.
Much of the information included in this quarterly report includes or is based upon estimates, projections or other "forward looking statements". Such forward looking statements include any projections or estimates made by us and our management in connection with our business operations. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein.
Such estimates, projections or other "forward looking statements" involve various risks and uncertainties as outlined below. We caution the reader that important factors in some cases have affected and, in the future, could materially affect actual results and cause actual results to differ materially from the results expressed in any such estimates, projections or other "forward looking statements".
Overview
The following Management's Discussion and Analysis is intended to help the reader understand the results of operations and financial condition of Liberty Star Uranium & Metals Corp. Management's Discussion and Analysis is provided as a supplement to, and should be read in conjunction with, our condensed consolidated financial statements and the accompanying notes to the condensed consolidated financial statements.
Liberty Star Uranium & Metals Corp. (the "Company" or "We") is in the acquisition and exploration of mineral properties business. Big Chunk Corp. ("Big Chunk") is our wholly owned subsidiary and is engaged in the acquisition and exploration of mineral properties business in the State of Alaska. Redwall Drilling Inc. ("Redwall") was our wholly owned subsidiary and was a drilling contractor. Redwall was dissolved on March 30, 2010. We are an exploration stage company, as we have not generated revenues from operations. Our significant projects are:
North Pipes Super Project ("NPSP"): Located in Northern Arizona on the Arizona Strip, we plan to ascertain whether the North Pipes Super Project claims possess commercially viable deposits of uranium. We have approximately 300 potential breccia pipe targets. We have not identified any ore reserves to date.
Big Chunk Super Project ("Big Chunk"): Located in the Iliamna region of Southwestern Alaska, we plan to ascertain whether the Big Chunk claims possess commercially viable deposits of copper, gold, molybdenum, silver and zinc. We have not identified any ore reserves to date.
Bonanza Hills Project ("Bonanza Hills"): Located in the Iliamna region of Southwestern Alaska, we plan to ascertain whether the Bonanza Hills claims possess commercially viable deposits of gold and silver. We have not identified any ore reserves to date.
East Silver Bell: We hold an option to explore 26 standard Federal lode mining claims located at the East Silver Bell region of Arizona. The mineral claims are owned by JABA US Inc in which two of our directors are owners. We have not identified any ore reserves to date.
Walnut Creek: We hold an option to explore 33 standard Federal lode mining claims located due east and southeast of the town of Tombstone, Arizona. The mineral claims are owned by JABA US Inc in which two of our directors are owners. We have not identified any ore reserves to date.
Elle Venture: On September 11, 2008, we announced that we and XState Resources have agreed that XState will maintain a 50% interest in three potential uranium breccia pipe exploration targets at North Pipes Super Project. Both parties entered into a formal 50/50 contributing joint venture in relation to the three breccia pipe targets. The previous "earn-in" agreement is terminated.
There is no assurance that a commercially viable mineral deposit exists on any of our properties, and further exploration is required before we can evaluate whether any exist and, if so, whether it would be economically feasible to develop or exploit those resources. Even if we complete our current exploration program and we are successful in identifying a mineral deposit, we would be required to spend substantial funds on further drilling and engineering studies before we could know whether that mineral deposit will constitute a reserve (a reserve is a commercially viable mineral deposit). Please refer to the section entitled "Risk Factors" in this Form 10-Q and in our Form 10-K for the year ended January 31, 2010 for additional information about the risks of mineral exploration.
To date, we have not generated any revenues and we remain in the exploration stage. Our ability to pursue our business plan and generate revenues is subject to our ability to obtain additional financing, and we cannot give any assurance that we will be able to do so.
Letter Agreement and Secured Convertible Note with Northern Dynasty Minerals Ltd.
On June 29, 2010, we entered into a letter agreement with Northern Dynasty Minerals Ltd. ("Northern Dynasty"), whereby Northern Dynasty agreed to advance to our company funds in order to discharge all of our secured notes issued on May 11, 2007, August 28, 2008, May 21, 2009 and August 14, 2009. The Company has sold 60.7 square kilometers (23.4 square miles out of the Company's original 177 square miles, or 13% of its Big Chunk and Bonanza Hills acreage) in consideration for both a $1,000,000 cash payment and a convertible loan from Northern Dynasty in the amount of $3,000,000. The purchase of the claims and the loan are interdependent. The loan is secured by the Company's Big Chunk and Bonanza Hills properties in Alaska.
As part of the transaction noted above, subject to negotiating and signing a definitive earn-in option and joint venture agreement, Northern Dynasty can earn a 60% interest in the Company's Big Chunk and Bonanza Hills projects in Alaska (the "Joint Venture Claims") by spending $10,000,000 on those properties over six years. The borrowings from Northern Dynasty may be applied as part of Northern Dynasty's earn-in requirements. Northern Dynasty's minimum annual expenditures under the earn-in would be the minimum level necessary to keep the Joint Venture Claims in good standing. Northern Dynasty may elect to abandon the earn-in at any time on 30 days' notice, so long as sufficient annual labor is performed, or a cash payment in lieu of labor is made, in order to fulfil the annual labor requirements for the Joint Venture Claims for a minimum of 12 months after termination of the earn-in.
The Loan is a secured convertible loan, secured against our company's assets. The Loan is due for repayment 45 days after the earlier to occur of: (i) Northern Dynasty's completion if its earn-in to the Joint Venture Claims unless it has elected to deem the entire outstanding balance of the Loan (including interest thereon) to be part of the earn-in expenditure requirements and (ii) termination of Northern Dynasty's earn-in right by voluntary abandonment provided that $1,000,000 in expenditures has been made; or (iii) termination of Northern Dynasty's earn-in right on account of a superior third party joint venture offer. The Loan bears interest at 10% per year calculated monthly, until it is repaid or deemed repaid.
Provided a minimum of $1,000,000 has been expended by Northern Dynasty on earn in expenses, the Loan will be convertible until repaid or deemed repaid, into common shares of our company at the 5 day volume weighted average trading price immediately prior to Northern Dynasty giving a notice of conversion less the maximum allowable discount applicable as if our company's shares were listed on the TSX Venture Exchange.
The Loan may be pre-paid by our company without penalty at any time on 10 days prior notice during which time Northern Dynasty's conversion rights are unaffected.
Material Changes in Financial Condition from January 31, 2010 to April 30, 2010
We had cash and cash equivalents in the amount of $22,130 as of April 30, 2010 compared to $20,522 as of January 31, 2010. We had negative working capital of $(3,528,290) as of April 30, 2010 compared to $(3,625,627) as of January 31, 2010. We had cash outflows from financing activities of $(104,729) during the three months ended April 30, 2010. During the three months ended April 30, 2010 the Company sold vehicles and equipment to generate cash inflows from investing activities of $252,368. We utilized these funds to pay down our accounts payable and our debt.
The Company is in default on the May 2007, August 2008, May 2009 and August 209 Convertible Notes and as such the entire obligation is reported as a current liability. On April 20, 2010 we received notice from the noteholders demanding payment of all principal and interest due on the convertible notes and notifying us that they will proceed against the collateral if payment is not made. The note holders have a security interest in all assets and mineral properties and as a result the Company is unable to sell any assets without prior approval from the note holders. The Convertible Promissory Notes entered into in May 2007 contain restrictions on raising new capital from the sale of registered stock to other investors. We are also limited to raising up to $7,000,000 in private placement funds during the 2 year term of the Unsecured Convertible Promissory Notes. The August 2008 Convertible Notes and May 2009 Convertible Notes contain restrictions that require that the August 2008, May 2007 and May 2009 convertible notes be repaid in full from the first $3,000,000 of financings completed by the Company. These restrictions may make it difficult for us to raise the cash required to proceed with our planned exploration activities. There is no assurance that we will be able to maintain operations at a level sufficient for an investor to obtain a return on their investment in our common stock. Further, we may continue to be unprofitable. The company does not plan to make any capital expenditures for new mineral claims or equipment during the next twelve months.
In addition to the restrictions placed on us by our various financing agreements, the recent weakening of economic conditions in the U.S. and around the world could have harmful effects on our ability to raise money to fund our planned operations. If this happens, we would likely go out of business and our investors will lose their entire investment in our company.
We believe that recent decreases in value of the common shares of many companies worldwide will make selling shares of our common stock increasingly difficult. If we are not able to sell enough of our shares to meet our financial needs, we will have to consider borrowing the money we need. A tightening of credit conditions has also been experienced in the economy recently. Because of the recent credit crisis, it is possible that we would not be able to borrow adequate amounts to fund our operations on terms and at rates of interest we find acceptable and in the best interests of our company. If we are unable to obtain the amount of money that we need to fund our operations, then we will likely go out of business and investors will lose their entire investment in our company.
We do not expect that the difficult economic conditions are likely to improve significantly in the near future. Further deterioration of the economy, and even consumer fear that the economy will deteriorate further could intensify the adverse effects of these difficult market conditions.
Material Changes in Results of Operations from April 30, 2010 to April 30, 2009
We had a net loss of $(320,847) for the three months ended April 30, 2010 compared to a net loss of $(748,168) for the three months ended April 30, 2009. The change in net loss was largely due to the reduction in interest expense of approximately $350,000 because the discounts on the May 2007 convertible promissory notes were being amortized last year and no amortization of those discounts was recognized in interest expense this year as they were fully amortized in May 2009.
Critical Accounting Policies
The condensed consolidated financial statements of Liberty Star Uranium & Metals Corp. have been prepared in conformity with accounting principles generally accepted in the United States of America. Our significant accounting policies are described in Note 2 to the consolidated financial statements included in Item 8 in our Form 10-K for the year ended January 31, 2010. The critical accounting policies adopted by our company are as follows:
Going Concern
Since we have not generated any revenue, we have negative cash flows from operations, and negative working capital we have included a reference to our ability to continue as a going concern in connection with our consolidated financial statements for the period ended January 31, 2010. Our total stockholders' deficit at April 30, 2010 was $(3,415,156).
These condensed consolidated financial statements have been prepared on the going concern basis, which assumes that adequate sources of financing will be obtained as required and that our assets will be realized, and liabilities settled in the ordinary course of business. Accordingly, these condensed consolidated financial statements do not include any adjustments related to the recoverability of assets and classification of assets and liabilities that might be necessary should we be unable to continue as a going concern.
Mineral claims
The Company accounts for costs incurred to acquire, maintain and explore mineral properties as charged to expense in the period incurred until the time that a proven mineral resource is established at which point development of the mineral property would be capitalized. Currently, the company does not have any proven mineral resources on any of its mineral properties.
Convertible promissory notes
We reviewed the convertible promissory notes and the related subscription agreements to determine the appropriate reporting within the financial statements. We report convertible promissory notes as liabilities at their carrying value less unamortized discounts in accordance with the applicable accounting guidance. We bifurcate conversion options and detachable common stock purchase warrants and report them as liabilities at fair value at each reporting period when required in accordance with the applicable accounting guidance. We determined that reporting the notes as equity would not be appropriate as the conversion of the notes into common stock was not guaranteed. No gain or loss is reported when the notes are converted into shares of our common stock in accordance with the note's terms.
NEWS: $23B in ARRA Investments over next three years to be more than the last 30 years.
"In total, more $23 billion of ARRA investments support renewable energy - including investments that directly contribute to the doubling U.S. renewable energy generation capacity (from 28.8 GW to 57.6 GW) by 2012. This means installing as much renewable energy generating capacity in the next three years as the U.S. had in the previous 30 years."
Next 3 years will be huge!
http://www.solarindustrymag.com/e107_plugins/content/content_lt.php?content.6114
NEWS: The World’s First Hybrid Solar Power Plant Officially Opened in Australia
1,350 Sunpower solar panels...
Sun tracking system....
http://uk.ibtimes.com/articles/20100825/world-rsquofirst-hybrid-solar-power-plant-officially-opened-australia-pilbara-solar-diesel-power-sta.htm
NEWS: 250MW EIR for San Luis Obispo County
San Luis Obispo County 1st county in the US to prepare EIR for a large scale solar facility...
250MW...
Go Mustangs!
http://www.greentechmedia.com/articles/read/sunpower-california-valley/
Cool Article
I can't help but love this price....
http://www.businessweek.com/investor/content/aug2010/pi20100824_544824.htm
Why has the site been scrubbed of the Stage 4 news?
Any ideas?
Did PS just upgrade us from Stop to Yield?
Thx
Nice to see they paid off the quarter mil line of credit. Hope the bank didn't lower it afterwards.
Good luck longs!
That's hilarious!
I accumulated more and increased my holdings this morning but the asks were very shallow and quite a few partial orders... Can't help myself with these prices...
Almost at a million shares...
Good luck longs!
Interesting trade. I was selling a small portion of my position for some Vegas fun money. Only 100,000 shares at .0225. And I got a partial fill at .023 after it had been sitting at .0217 for a little while. Interesting that it filled at a much higher price.
I have to do it since Obama said not to. I even got my lil sister to go. Swing as she is a college student saving for school.
I'll go quadruple my money and reinvest on Monday.
Good luck longs!
No listing for Trump Vodka either...
Huh?
I don't see the website either. I only get a wikipedia link. Nothing for our actual site. I hope someone gets on that ASAP.
CFLs are bad. But nice movement in the past few days. Great to trade but not so great of an investment. One game changer would be the introduction of an LED bulb. If they do that, then watch out. LEDs are way more efficient. Some can even change colors with a remote. 75 watt incandescent bs 23watt compact fluorescent vs 6 watt LED. Now that the EPA is going to be up in everyones grill, LEDs are the future. CPF are going in the opposite direction. Like asbestos tiles and lead paint.
ok.. we just finished getting pumped at the gym...
now we're gonna hit the bars and get some tang!
GLTYA Longs!
POWER HOUR BABY!
almost.. only ~700K... I'm loving this stock