Liberty Star Uranium and Metals Corp (LBSR)

[reaper247]

Ok, so you are not speaking to the LBSR notes specifically, but rather than OTC stocks in general.

I am speaking of convertible notes in general.

Thanks for clarifying that you don't really know.

The “Variable Conversion Price” shall mean 75% multiplied by the Market Price (as defined herein) (representing a discount rate of 25%). “Market Price” means the average of the lowest five (5) VWAP’s (as defined below) for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date.

I understand.

I was asking about this claim.

But in addition to interest, there are hefty penalties that increase the closer to the conversion date.

What penalties does LBSR face as the default date comes months from now and how does that dilute current shareholders on the principal, in the here and now?

TIA, IMO and FWIW.