Replies to post #167604 on Liberty Star Uranium and Metals Corp (LBSR)

[leifsmith]

I don't know the details, but it's likely that the NR was not the document listing all the terms and understandings. In any case, JB did the best that could be done if the objective was to, at least, keep the company viable. I wish it had worked out better, but I'm glad the claims were not lost.

[gitreal]

If a NR says money raised by private placements would be used for drilling and it was instead used for routine operating costs, it was a lie. No way to sugarcoat it, no way to spin it, it was a lie.

I find it amusing that some can find a way to spin anything and everything as a positive.

When LBSR finally settles into the trips for good, that will be spun as a good thing too. A "buying opportunity".

When LBSR finally stops filing with the SEC, that will be spun as a positive....why waste money on expensive audits and SEC filings?

When there is no money left for payments on the Hay Mountain claims and State land leases, and they all lapse.....? Why, that just means that it is time to go into bitcoins or MJ.

[bylosellhy]

Quote: ".....If after that NR was posted and drew people in to do PP and than was told it could be used for other things than the NR was a lie and used as a bait and switch." Not necessarily. Investor(s) may have known up front what the situation was and there was a gentlemen's agreement. Someone who is confident JB has the goods, will get the additional money to drill or JV and, we needed the claims to drill. I am not saying this is what happened. But to accuse someone of lying without knowing what went on is risky and careless at best. Maybe the PP was funded by JB himself.