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Re: lilpuppy6 post# 24316

Friday, 09/10/2010 1:57:56 PM

Friday, September 10, 2010 1:57:56 PM

Post# of 173212
The warrant holders are clearly trying to make the arguement they feel they should have been in the "know" about the Letter of Agreement. They were not happy with execising the warrants on a existing note with terms that would give them only "some" profit. LBSR CEO was even willing to revise the existing exercise notice for them, but they wouldn't agree, they want the Gold.

They make it clear that they feel they were due all material undisclosed information to position themselves for a maximum profit, kinda sounds like insider trading to me

Here is a Quoted response from LBSR attorney to them:

"I'm sure you will inform them of their legal obligations regarding tradeing in securities while in possession of undisclosed material information"



Looks like a Judge will have his/her hands full, but I'm not worried at all




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