Lightbridge Corporation (LTBR)

[powerfullogic]

Going_4_It

I bought and sold about 10% of my shares a few times. I actually was frustrated and planning to close most or all of my position those times, but then the price dropped and I decided to buy back. So I accidentally traded my way to a bit more shares. I don't plan to do that again, but I still am frustrated and concerned about LTBR.

LTBR has not focused on the consulting side of the business the past year. They may get some small income from conferences, but this is a trivial amount of money compared to their strangely large burn rate. The nuclear energy industry is still in a crisis. Cost overruns, safety concerns, and competition are big problems. Rick Perry has proposed subsidizing nuclear which'd be a HUGE help,but the viability of his proposal will be highly politicized and may not fly we should know in late November. As an investor in Lightbridge I hope it passes, but even without it LTBR could have value internationally, particularly since Areva, A French company, is their partner.

Seth has moved the dates of delivery, the amounts and nature of revenue around many times. This is by far the most troubling aspect of this company In my opinion. This has been addressed in recent conference calls, but I don't see it improving greatly. Recent PRs have been helpful to validate projections and promises Seth made the past few years but don't shore up the key questions.

There should be another quarterly call in about 3 weeks. I'm hoping for some clarity in the call. I can't say I feel good about holding this stock, but I also don't feel good about selling. Hence being a bagholder.