What part of today's 10-K did you like?
I liked that they finally cleaned it up and now refer to what they say their business is rather than old legacy out of date filings.
For anyone who thinks they are investing in technology I didn't love:
We own the trademark “Lithium Exploration Group” for the use of mining exploration, namely, lithium exploration services, in class 42 (U.S. CLS. 100 and 101). The registration number is 4,075,565 and was registered on December 20, 2011. We do not have any other intellectual property.
or
We currently have no research and development activities.
For anyone who believed all the "salt dome oil" "two thumbs up" when Alex Walsh is held to a higher legal standard in the 10-K he just says
BBE has hired an independent seismic analyst as well as a geophysical team to review the work by the White Top team and is comfortable with how they are progressing.
For anyone who thinks that all new debt is "restructured" I didn't love the fact that their latest debt was once again convertible at a 50% discount
In July, August and September 2017, the Company issued an aggregate of $335,500 Convertible Promissory Notes that mature on various dates in May through September 2018, resulting in cash proceeds totaling $305,000. These notes bear 10% interest per annum and the Holder of this Note is entitled, at its option, at any time, to convert all or any amount of the principal face amount of this Note then outstanding into shares of the Company's common stock at the lesser of $0.005 per share or at a price equal to 50% of the lowest trading price of the Common Stock as reported on the OTC Markets for the twenty prior trading days including the day upon which a Notice of Conversion is received.
or that the date on the warrants they gave was to 2022 which makes the warrant valuation equal to the price of a share with a delta of almost 100% which makes another 1.3 shares of dilution (use any options calculator and the volatilities Alex Walsh uses in the 10-K).
or that
Current (within a year) liabilities related to convertible debt grew to $6.84MM which owuld be even at the lower 25% discount convertible into 22.8B shares plus the 1.3B from the warrants equals 24B dilutive shares to be issued.
For anyone who still thinks Alex Walsh is a good guardian of your funds I didn't like him taking $97,000 in consulting fees in cash (isn't that just his job) in addition to his salary or the fact that he owns 0 shares of the stock himself.
During the year ended June 30, 2017, the Company incurred consulting fees of $97,000 (June 30, 2016 - $9,115) with directors and officers (including directors and officers of our subsidiaries) out of which there were no stock payments.
What part of the 10-K did you like?
