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k9painter

01/13/11 2:11 PM

#45319 RE: learningthetruth #45318

thanks that is a very good post
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Iceman

01/13/11 2:17 PM

#45324 RE: learningthetruth #45318

Thank you Bud!
I know your good with numbers....
I also know we all want LARGER numbers, but, in PPS please!!


ICE
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learningthetruth

01/19/11 1:38 PM

#45860 RE: learningthetruth #45318

Updated Share Structure-

Updated to Add in the 1,313,370 PP:

9/20/10: Outstanding: 436,983,515
Float: 320,650,539


1/13/11: Outstanding: 602,411,882
Float 454,300,152

My assumptions behind this-

165,428,367 Increase during that time frame.

2 things happened during that time-

1. 31,778,484 shares in PP's-

2. So 165,428,367 - 31,778,484 leave 133,649,613 converted by the warrant holders-they have 56,171,280 left to convert out of the 154,690,207 +35,130,686 awarded in the settlements.


so this leaves the following warrants to be converted in the future:

1. Settlement Warrants at .0002: 56,171,010-Cashless

2. Settlement Warrants at .10: 22,098,601 -proceeds($$) to LBSR

3. PP Warrants at .06: 5,465,114 -proceeds($$) to LBSR
3a. PP Warrants at .06: 1,313,370 -proceeds($$) to LBSR

4. PP Warrants at .056: 25,000,000 -proceeds($$) to LBSR

5. LBSR Board & Management Options at .038 88,000,000-Cashless