I don't know if I am missing something, or if everyone else is missing something.
They "The LBSR team" were awarded the right to options until 2015 at .038. That was for 95.5 Million shares amongst the group.
An option gives the person awarded the option to buy the shares of stocks awarded at the strike price of .038 if they so decide to exercise that option.
So, the group of people listed in the Form D filing decided that they would exercise these share options 88 million of them.
Now to me this indicates that something VERY BIG is about to happen. Why? Because....why else would they decide to do this right now when they have until 2015 to do so.
THE REASON would be that they actually need to exercise these options and HOLD THE SHARES before the "BUYOUT" can happen.
If they have not exercised the options, and the company is sold or merged, depending on the writing of the contract, then they may no longer have these options available.
I THINK SOMETHING VERY VERY BIG IS ABOUT TO HAPPEN.
If they were a certain type of casheless option, then they would have to buy and sell the same day, and all they would have pocketed was the difference in price between the exercise price of .038 and the average trading price today of .053 and I doubt very highly that would have happened.
So, if they had non-qualified options at .038, and they took them, then I expect something very big is happening with a buyout, or, the JV has some interesting legalize in it to make them want to hold the shares NOW.
Just some ideas that have been rolling through my mind tonight.
Other thoughts ???
S4
