Bearing Lithium Corp (BRZ)

[Dr_Vonschellan]

Climber18,_you're 100%_correct. This_PREMATURE ripoff does_not bode_well for_us
who are the poor powerless not-insider shareholders.
https://www.stockwatch.com/News/Item?bid=Z-C:BRZ-2994689&symbol=BRZ®ion=C

Gil definitely already knows what is going to be said on November 25 Wednesday in the LPI AGM (Annual General Meeting) and he decided to pull the trigger on this capital raising trick (sleight of hand) now EARLY instead of simply shrewdly waiting until after the LPI AGM which according to the LPI pumpers (and LT_Investor over on the BLILF iHub board an hour ago) is going to be a huge event sending Maricunga Project shareholder stock prices up to match other recently-rising Ozzie lithium comparable stocks like PLL, GLN, Galaxy etal.

If there was even the remote possibility of one shred of "good news" to come out of the LPI AGM then Gil would have simply wisely waited until Thursday (in Canada) or Friday (in USA) and initiated the private placement then to take advantage of the new higher share price to deliver more cash into the Company instead of delivering more (or at least some) cash into Insiders' pockets today and thereby (hopefully) risk the SEC's investigations of using insider info to profit off/over regular shareholders assuming he was not one of the insiders on this discounted shares purchase. The more long term troubling aspect of this sweetheart deal is our projected health three years from now by management. If you were to believe all the current malarkey about the upcoming Codelco JV deal then in 3 years we should be worth US$3.10 +/- $0.25.... not US$0.39pps which easily justifies the discount warrant strike price of $0.1725 pps seem proportionally realistic/attractive. If Gil believed in the Codelco marriage AND had any faith in us and wanted to fire up this company (esp future investors) he would have instead set that strike price in/before 3 years at $2.50 pps. If he wants to give his insider buddies a warrant to buy at $0.1725 pps then the time to complete that purchase should have been only NLT 12 months... to be fair... if the whole Codelco JV marriage WAS true.

To receive a company projection today that we will be enduring 3 long years "wallowing" at only $0.1725 pps minimum up to perhaps a still disappointing $0.33-ish maximum will indeed be the a heavy straw that breaks/severely-bows the camel's (shareholders') back in this mess. After seeing this kick-in-the-teeth tactic playing out today before the LPI AGM even takes place November 25... well it appears Gil has jumped the gun and spilled the beans on the horrible news (or more likely, NO news) which is going to flow out of Australia on Wednesday.

This is a real kick in the teeth I would have only expected from Jeremy... not Gil of all people. Man, was I wrong about him.

The Doctor