Replies to post #154021 on Liberty Star Uranium and Metals Corp (LBSR)

[MACYSH]

Thank you Elis for information.

Gotta get the legal stuff out of the way before the ICEBURG hits and it goes to TRIPLE ZEROS....

I was correct. ...The Pumper Gross gave 30,000 of HIS OWN MONEY for the worthless shares of LBSR which are heading to TRIPLE ZEROS....

Again I REPEAT....ALL SMART GENIUS investors should wait until 10 cents a share!!! Do not fall in the trap Gross fell into and drink the SNAKE OIL that Gross drank for 30,000 dollars of HIS OWN money!!

Be Smart and don't buy......

ROFLMAOL! !!!

[PURA VIDA]

So, am I reading and understanding this correctly?

Brett Gross basically "loaned the corporation" money interest free up until such time as the "VOTE" to increase the number of shares is approved, at which time he will get issued the shares and the warrants?

I suppose if this is true, it would be considered a stopgap loan to cover expenses.

(1) The non-interest bearing promissory note with the principal amount of $30,000 is convertible into 16,806,723 units (each, a "Unit") at a price of $0.001785 per Unit upon the increase of the authorized capital of Liberty Star Uranium & Metals Corp. Each Unit is comprised of one common share and two warrants. Each warrant will be exercisable for a period of three years at a price of $0.002499.

Time will tell whether Mr. Gross has made good investment decisions.

Fascinating...... A loan for something that doesn't even exist yet.
Who approved that ? Interesting