Sounds like great quarter results! Seems like the company is on the right track! Excited to see what's in store for the rest of this year!

That piece about debt holders owning the rights in the last filing must be false. It hard to argue since it came directly from his mouth that they own all the mining rights, and he would know better than anyone

Pure impatience and lack of investment skills. This is not a day trade. Therefore, I refuse to get on this board everyday and post propaganda and promotions, especially since we are in a quiet period in the company. I have held these shares for some time now and will continue to be a long investor in this excellent company and moderator of this board. Posts on this board have absolutely zero effect on how this stock trades. And if you do let these posts influence your trading strategies, you should not be trading. Selling shares due to "lack of leadership" on an ihub.com board is ludicrous

What part seems strange to you? It's a 1 for 20 reverse split so everything is divided by 20

500,000,000 / 20 = 25,000,000 (A/S)
499.948,520 / 20 = 24,997,426 (O/S)

The one thing I learned from sitting through a few of these dilutions is it is an excellent time to pick up some .0001s!

Yes welcome to the world of Mike Shea dilution. Just something you have to put up with once in a while if you are invested here.

I highly encourage all ILST shareholders to go read the memorandum! I just listed the details I thought were interesting. You may find something else of importance that I didn't list. Every detail about the company is listed in the memorandum. Reading this will make you a more informed shareholder and could possibly make the decision whether you want to hold or sell your shares

I just took it straight from the memorandum. Possibility I could've misread it. You should check it out for yourself

Private Placement Memorandum Summary

I got a chance to read through the Private Placement Memorandum and I am impressed with the detail that was included. I found a lot of current updates and facts that I had not previously known about. Here are a few details...


First, here is the structure of the Offering:

-The offering is $100,000-$10,000,000. Each promissory note is worth $100,000 and there is a total of 100 notes being offered

-The annual interest rate is 10%

-50% of the principal is due back in the 42nd month, and 100% of the principal is due back in the 54th month

-There will be a "gold payment" equivalent to 10 ounces of gold per one promissory note per year into he first two years of production. This will only happen if gold is above $1,200 per/ounce.

-Offering expires July 31st


Allocations for the funding are as follows:

-If the company raises the minimum of $100,000...

-La Cuesta Lease Payment ($27,000)
-Technical Report Expanding Resource ($15,000)
-Engagement of Capital Raising Form ($15,000)
-Fund Raising Investor Events ($15,000)
-Mining Consultant ($10,000)
-SEC Attorney ($5,000)
-Regulatory Filings ($5,000)
-Working Capital ($13,000)

-If the company raises the maximum of $10,000,000...

-Permitting and Engineering ($700,000)
-Bonding ($1,200,000)
-Capital Expenditure for Mine Build Out ($3,300,000)
-Potential Joint Venture ($4,000,000)
-Working Capital ($800,000)


Included was a list of things the company has achieved so far:

• Confirmation of Historic Resource of 34,000 oz. gold
• Re-Assay of drill pulps discovered at La Cuesta’s storage facilities confirmed the reliability of the original Chemex assays.
• Metallurgical Testing at McClelland Labs provided data for optimum rock-crush size to yield most economic gold recovery.
• Acid Based Accounting chemical lab tests confirmed the rock/material falls within the non-acid generating category and has no potential for acid generation which could contaminate the ground.
• Commenced permitting process with Federal, State and local government agencies.
• Engaged the General Manager/Mine Engineer at the nearby Moss Mine, which recently completed a pilot run, resulting in recovery of $5 million worth of gold.
• Received a US Department of Labor MSHA ID number - An MSHA ID is required for each mine site and must be issued before any operations may begin.
• Completed Storm Water Pollution Prevention Plan
• Applied for Arizona DEQ Air Quality exemption
• Created Spill Prevention and Contingency Plan for the Van Deemen Project - the plan will ensure an effective, comprehensive response to prevent injury or damage to the construction personnel, public, and environment during the project.
• Provided numerous sections of required data/analysis to the BLM related to filing of a Mine Plan of Operation.
• Identified additional drill holes that may allow ILST to substantially increase the reserve base from the historic 34,000 oz.
• Made required payments to the BLM for annual claim maintenance fees


Lastly, here are some interesting, random facts that were also included:

-Production is expected to start in 18-24 months

-$4,000,000-$4,500,000 is the minimum needed to raise, either now or in the future, to fund the project into production

-They lease the Van Deemen. They pay the owner every six months with a payment around $6,000. Also, the owner will get 2% of all gold recovered from the mine.

-There are 4 owners total in the company who each own 25%. The four are Mike Shea, Barbara Carol, Howard Metzler, and Donnell Vigil (who is no longer with the company.)

-If funded, the three of them will take salaries in 2016 totaling $146,000 altogether

-There are two debt holders on the books. The loans are old and ILST has defaulted on them, which means the debt owners own a sizable portion of the mine. They both have a lien on the mine but no leins have been filed as of now. Both companies now have new ownership so upon funding, ILST will attempt to restructure the loans so the debt holders own less, if any of the mine.



Overall I was extremely impressed by the content and detail of the memorandum. These were the facts I found most interesting but there is a lot more included in the memorandum. I encourage everyone to go and look through it

Today's release gave me a few reason to hang on just a bit longer,

-This cornerstone investor seems very committed and his offering is very significant. This release was the first one that mentioned his offering amount, which leads me to believe he is making progress with that funding source.

-The offering terms changed which leads me to believe he is changing it for interested parties who will only invest if the terms are what they want

-This joint venture is very interesting. Obviously, ILST has ground full of gold to bring to the table, and the other party has a ground full of gold to bring to the table also. What will benefit us is the fact that we will see their gold a lot sooner, which means a steady stream of revenue for ILST in the near term.

-Even though things are not concrete yet, they are becoming more concrete with every release. One example is the fact that we continue to get more in depth details about the cornerstone investor with every release

Some of these points may be a bit of a stretch but at this point, I am looking for any reason to continue to believe in Mike Shea and ILST, for the sake of my money and my sanity

IMO it was the best one we've had in a while!

News was pretty good. Mike finally gave us the amount that the cornerstone investor is willing to invest. And, as some members on the board noted, it looks like they will hopefully be participating in a joint venture.

Some positive updates tomorrow morning will send this soaring. A lot of people have been sitting here for a long time and a positive update will reward everyone's patience

;) people will be chasing tomorrow

Interesting movement today

I think it's about time we get some news. Thursday is Ilst news day. I'm hoping tomorrow

I've been here for a while but if there isn't news of funding in the next week or two, I'm going to have to sell and abandon this one. We were told funding by the end of January and Sheady won't answer my email about an updated timeline that I sent two weeks ago. Getting extremely frustrated with this one. Sheady is losing his loyal shareholders...

I completely agree. A company with this kind of technology won't stay quiet for long

Urban Barns has secured a licensing deal with Bevo Agro (link to the article can be found in the stickies.) Another board member also found out that Jacob Benne is the major shareholder of both companies, which is interesting. Up for the debate is the interpretation of the article also; is Bevo Agro the only company that can sell cubic farming machines from now on, or is this just one licensing deal and there are many more to come?

Honestly I'm not sure what the correct interpretation of that is but I see where you are coming from. Hopefully it all works out for the food of the company

I see where you are coming from. From my understanding, Bevo Agro is not going to sell the cubic farming machines. I believe they are just planning on using them for their own company. Robyn said that this deal will pave the way for Urban Barns to continue distributing the cubic farming machines thought the world through licensing agreements. So maybe they do only get the licensing fee for this licensing deal (which if the fee is 300,000 like you are thinking, that surpasses Urban Barns revenue for all of last year) This deal shows that Urban Barns is now on the licensing track, which is where they should be given their amazing technology

I definitely think they will promote the technology. Since Benne owns shares in both Bevo Agro and Urban Barns, he would benefit if Urban Barns does well also

Jacob Benne has been with Urban Barns from the beginning and is still a majority shareholder to the best of my knowledge. Good strategic move on his part, hopefully benefiting both his companies. Wondering why it took so long for this move to happen since he has the biggest say in both companies

Best news I've heard since being invested here! It seems Robyn has the pedal to the floor and is extrelmely motivated to get this company turned around. I feel very confident with my investment here, as should everyone else!

Licensing Agreement Secured with Bevo Agro!
Patents are also beginning to be secured! Huge steps in the right direction! Robyn Jackson has only been CEO for a month and a half and he is already doing excellent things for Urban Barns! He is the guy that will take us to new heights!

Yahoo Finance: Urban Barns Inc. Announces Entry into License Agreement

Is this for real? Where did you get this info?

Good to see you joining the party. Great time to get in

Picked up a few more. Patience is the name of the game here. We'll see this start to go up very soon

If NITE would reduce his ridiculous 79M ask, we might be able to get this things going higher

Getting some more consistent hits at .0003

Looking like L2 is shifting. Need to continue to build the bid at .0002. Next leg up is coming

He didn't specify but he said "it was a very necessary move and the right one." He also added that he is on the correct path and "should have everything turned around within the next 90 days."

I'll also be adding. Going to get loud here tomorrow

I completely agree. I am in almost constant contact with Robyn Jackson and he assured me today that the reverse split is very necessary and he knows it is the right decision. This is no doubt a real company and I think Robyn Jackson is the right person to get it going in the right direction

Good to see you back vantillian. Testing/breaking .001 this week

Hmmmm certainly not the PR I was expecting......

Regardless of the contents of the PR, I think the simple fact that there is going to be a PR will take this stock to penny land. PRs are scarce here so if we get one, it will create some hype. Urban Barns seems like a no BS company, so if they release a PR, it is most likely full of good updates

No problem, happy to update the board. My guess is the PR will contain news of secured funding and the 2016 expansion plan. Maybe we get some surprises too :)

I definitely agree. I'm thinking we get those much anticipated updates this week or at the latest beginning of next week

I'm thinking we get a PR this week and see this hit a penny. URBF has not been known for releasing PRs so I think a PR with some good updates will create a lot of buzz