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Tuesday, December 14, 2010 9:48:34 AM
Thanks VP-
I agree with your assessment and there will be more dilution for partners down the road, but it is needed and will be very good for LBSR.
Current structure per my calc's
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56875377
So a little over 100+ million to be converted(not including employee options at .038)-
So 675 million roughly fulled diluted assuming all conversions except employee options. So my guess is couple 100 million or mentally I assume maybe around a billion and then a reverse split at some point in time with a listing on the AMEX.
Even with that I see a minimum of $1-2 dollars IMHO.
I agree with your assessment and there will be more dilution for partners down the road, but it is needed and will be very good for LBSR.
Current structure per my calc's
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56875377
So a little over 100+ million to be converted(not including employee options at .038)-
So 675 million roughly fulled diluted assuming all conversions except employee options. So my guess is couple 100 million or mentally I assume maybe around a billion and then a reverse split at some point in time with a listing on the AMEX.
Even with that I see a minimum of $1-2 dollars IMHO.
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