Liberty Star Uranium and Metals Corp (LBSR)

[StrengthenNumbers]

$150,000 loan doesn't bother me either...






...but the potential to go over a billion shares O/S getting there bothers me quite a bit. No matter how we sugar coat it, it makes the company look vulnerable to suitors, creditors, vultures and thieves.

I'm a believer in the geology, but as we careen toward the 1.25B A/S, the options get ugly. Multi-billion share count for a company with no revenues? Not pretty. Reverse split announcement to destroy shareholder confidence and send some true longs scurrying for the exits? Not pretty either. None of it is appealing and if we can't get $150K without offering the majority of the remaining allowable shares at a 45% discount, I am anticipating the potential for something that will make me regret the day I invested with Briscoe and Company.

So I hope the optimists here are right about a quick fix with little or no conversion, but I can't see one solid, tangible reason to think that is the case. Speculations, suggestions, possibilities and potentials galore, but nothing that I can take to the bank.

Prove me wrong, JB. In my humble opinion this news reeks of minimum options and maximum risk. I welcome opinions to the contrary.

Go LBSR!