Replies to post #149091 on Liberty Star Uranium and Metals Corp (LBSR)

[MineAllMine]

RE: your last para about offers JB found unacceptable...

This has been a question of mine for at least two years. I think it is logical that JB has had some low ball offers, esp on Tombstone, but we may not know for a long time. But, again, with 10 to 12 to 15 entities showing some interest, I don't think it is a stretch.

As far as reverse split, I do have my own personal prejudice against it. Just for an example, a short time before the last R/S I had bought a million shares at .001. Suddenly, those shares were 250,000 in number and the share price went back down to .001. I was not thrilled. Anyway, there is something hopeful in the verbiage of the news release where it describes Brent Gross's "innovative and financially attractive" proposal that leaves the possibility open for some type of tentative deal. All it takes is ONE deal that IS acceptable to LBSR...

[rl71852]

When I went to Chicago JB stated he did not like the reverse split he did last time and would not do another one. Now people here say it's no big deal. So who is right JB or people here on a message board.

[StrengthenNumbers]

"... if more shares began to fly off of the printing press."









You might as well say the same thing about the financing with Tangiers; it wouldn't matter at all unless the company immediately issued tens of millions of shares, which they apparently did judging by the sudden increase in the OS.

I invite anyone here to post evidence of a RS scenario that did not result in a declining share price post-split. I'm not saying this company will pull an RS, but as we careen toward the end of the AS, it's more and more likely that such a move would become justified in the minds of the management. Having been through such a move with other companies, I would put every share I own up for sale immediately upon such an announcement, with full confidence that I could buy them back later for a fraction of the pre-split equity. Companies with an ace in their back pocket don't wash out their current shareholders, but companies with their back to the wall and wolves at the door will.

I welcome all responsible opinions to the contrary. Feel free to tell me why I'm wrong or link to a beneficial RS story.