Liberty Star Uranium and Metals Corp (LBSR)

[newuser]

From the 10-K..why would our CEO do this

if he thought his own hard earned money, over $400,000, would go up in flames?? And he takes no salary.


"During the year ended January 31, 2021, our CEO, Brett Gross, made various payments on behalf of the Company totaling $161,977, and advanced the Company $62,000 in cash, all of which are reflected as advances from related party on the accompanying consolidated balance sheets. The total advances were $301,077 and $101,631 as of January 31, 2021 and 2020, respectively, bear no interest and have no specified repayment date. On June 30, 2020, the Company issued 51,000 shares of its Class A Common Stock to our CEO for repayment of $24,531 of advances ($0.481 per share)."