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foreverandaday

10/15/10 12:10 AM

#33385 RE: Manti #33384

If the owners (lbsr management)) pocket the difference that could cloud their fiduciary responsibility to shareholders in the immediate future(1-2 years) and future dealing with their sugar daddy..Whoever that may be.imo

Cash starved CEO's are somtimes a detriment to the company..
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HKipp1

10/15/10 12:14 AM

#33386 RE: Manti #33384

I agree. This is a nice succinct summary of a really brilliant structure that benefits everyone- enriches the board members- which is fair, especially if it not only doesn't cost the company anything- it actually brings in money to the company almost like an IPO when the warrants are exercised - and in doing so it provides some modest capital to pay off debt or even engage in drilling- and it helps enable the JV- and finally, modest dilutive effect aside- should ultimately enhance the share price by strengthening the company's position.