Re: Monster volume in first half hour...
in response to
by
posted on
Nov 01, 2018 11:12AM
Combining Classic Mineral Exploration with State of the Art Technology
According to the latest 10-Q, volume will probably stay high (and SP low) through January unless something changes (my opinion, and please correct me if I am wrong). The good news is someone is still buying, the bad news is the SP is ugly and we are still waiting for something to happen. I just try to remember that something is going on, JB has continued to defer his salary and the most recent balance is quoted as $704,449, far more than any of us has invested. So why would a man defer that kind of money unless he absolutley believes in what he has? Things are ugly and we may even end up seeing a RS but, I think, in the end it will be worth the (loooooooong) wait. The following was taken from the most recent 10-Q:
NOTE 4 – Related party transactions
We entered into the following transactions with related parties during the six months ended July 31, 2018:
We rented an office from Jim Briscoe, our Chairman of the Board, CEO and CFO, on a month-to-month basis for $522 per month. The total rent expense related to this office was $3,132 for the six months ended July 31, 2018. No amount was due as of July 31, 2018.
At July 31, 2018, we had a balance of accrued unpaid wages of $704,449 to Jim Briscoe, our Chairman of the Board, CEO, CFO and President. Additionally, we had a balance of accrued unpaid wages of $15,625 to a former President.
http://m2compliance.com/hosting/company/LBSR/link_files/2018/09-19-2018/Form10-Q(09-19-2018)LibertyStarUranium&MetalsCorp/Form10-Q.html