Lightbridge Corporation (LTBR)

[Jiffytrader]

Areva Cash Contribution - LTBR inserted $5217K into the JV. They recognized a loss of $2.8 Mil. If you divide $5.2M by 2 or 50% = $2.6 mil. The difference is the amount that Framatone contributed. This amount would be $400K grossed up for 50/50 split.

Bottom line is that LTBR inserted $5.2 mil. and the cheap French $0.4K. That is a ration of 13 to 1 or 96/4%

Second in the 10Q they say 80/20 but on the call 50/50. Someone is Pinocchio.

Financial Statements say it is 96% LTBR and 4% Frametone.


SO much for their BS 50/50

Bye the way that dope Enterprising on Stocktwits could never figure this out.