First Liberty Power (fka FLPC)

[jjphillips]

Preferred shares going to G8MI for the other 19% of Group8, which gives us 50% (instead of 40.5%) ownership of Stockpile Reserves (who owns the rights to Fencemaker) and 50% ownership of Central Nevada Processing Co (who I assume the mill will be through).

He said "3" companies and other properties, so there might be another company other than Group8 involved in this, something else that G8MI owns.

Connecting dots...
Don said:
"That will give us some stability in the control situation of the corporation."

Jimmy told me in an email a couple weeks ago:
"Let me say that via G8MI, FLPC got a global network, equipment suppliers, product buyers, strategic investors and credit but FLPC can't use them today as it is set up and I will not get them involved until the company is more stable."

Jimmy is the president of G8MI, if I'm not mistaken.

How can G8MI help stop dilution? Well, there is this from the 10Q's:

"On June 12, 2012, the Company entered into a loan agreement with Sanning Management, Ltd., wherein Sanning Management agrees to loan a sum of $119,000 to the Company with interest at the rate of eight percent (8%) per annum, until the maturity date of June 12, 2014. As of January 31, 2014, the Company has a note payable to Sanning Management of $99,025 and accrued interest of $12,979. Sanning Management is the 100% owner of Group8 Mining Innovations, which Group8 Mining Innovations was the 100% owner of Group8 Mineral prior to the acquisition and is currently the 19% owner post-acquisition."

And this: http://www.irdirect.net/pr/release/id/250362

Those are certainly more favorable lending terms (and non dilutive) than what we have now.