Liberty Star Uranium and Metals Corp (LBSR)

[monsterrat]

Lets see if I got this right.
LBSR will be the parent company of HMSP.
HMSP is the Wholly owned subsidiary of LBSR (meaning that LBSR will own 100% of HMSP stock)
HMSP will be a holding company that ownes shares of other companies to form a corporate group.
Do I have this right?


DEFINITION OF 'WHOLLY OWNED SUBSIDIARY'
A company whose common stock is 100% owned by another company, called the parent company. A company can become a wholly owned subsidiary through acquisition by the parent company or spin off from the parent company. In contrast, a regular subsidiary is 51 to 99% owned by the parent company.

A holding company is a company or firm that owns other companies' outstanding stock. The term usually refers to a company that does not produce goods or services itself; rather, its purpose is to own shares of other companies to form a corporate group. Holding companies allow the reduction of risk for the owners and can allow the ownership and control of a number of different companies.