Lightbridge Corporation (LTBR)

[Jiffytrader]

A scam is a fraudulent or deceptive act. So why didn't LTBR come out and say they were purchasing services under contract from Areva? Well there's a reason for the deception. Let's start from the beginning:
1) They do not have the money to pay Areva and fund their operations at the same time. Check their balance sheet and cash flow. At the end of Dec. they will have a cash bal of $3 mil. So this means they have to raise money. No sane investment banker is going to hand over $10 mil to a company with 7 unqualified employees and living in a Regus office. With pos cash flow projected in 2029. So they make up this scheme to make it look like Areva is bought in. 2) Areva is bought in...bought in to take whatever little money LTBR can give them. It is risk free money. And the JV protects them from liability. One catch..Areva will not put in a dime of their own money. 3) Take a look at the 600,000 shares that are shorted. Over 5% of float. Who do you think is behind that? Do you think it is mom & pops? No...it is most likely the investment banks that got burned by LTBR in the past. One way or the other they will make money.

So the best you can hope for is that they sign the JV because it will never be funded...but you can join the chorus saying that the DOE and utilities will throw money at them. GLTA. Bottom Line = SCAM