i think we can all agree the computer upgrade was foolish in light of the cost involved when little to no cash is available. they could have done a simple interface for 10k at the most, or rented for less cost and convert later on. it is not rocket science and disc space is very cheap and they dont have very complex formula's to maintain. that being said, the company did not by accident release their information at years end. the news though relevant and potentially good news, brought out those on the sidelines, volume went spiraling, profits are now being taken, yet lbsr becomes a hot topic again. everyone gets excited. as a long time bag holder if you will, the end of the line is here one way or the other. extensions of any line of credit is not going to happen, and unless 'partners' step up to the plate, it is over. lbsr is finally riding into the sunset, and no alternatives are left. briscoe has run out of cards to play period. the report indicates only 'potential'. contrary to many here that are posting, the value is the company needs money and needs it now. we will see the infusion of capital shortly, but not nearly as great as one might think. you dont have to pay top dollar to a starving dog when the blue light special is on. legally briscoe has the fiduciary responsibility to entertain all offers and decide what is best now for the shareholders, not just him. not to do so could involve litigation against him, and as slippery as he is, i dont think even he would take that chance right now. if you are still holding on like me, come back in a few weeks and see what the beginning of 2012 is like. as a group, we have zero influence of their decisions right now, so enjoy the holidays and take a brain break.
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