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Message: Re: Reverse Splits

Mar 12, 2021 11:08AM

Mar 12, 2021 12:36PM

Mar 12, 2021 03:45PM
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Mar 14, 2021 07:33PM

Mar 14, 2021 10:35PM
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Mar 15, 2021 08:41AM

After the reverse split there are 9,899,695 shares outstanding, including 51,000 'super shares'.

The super shares still have 200 votes each.  BG and PO'H each have 25,500 super shares, which translates to 10,200,000 votes.  There are therefore 9,848,695 'non-super shares' outstanding, amounting to 9,848,695 votes.

10,200,000 being slightly higher than 9,848,695, BG has total dictatorial control of LBSR.  It would seem they calculated just how many super shares they needed to have total control.  So when the form says the "required approval of the stockholders has been obtained", it means BG and PO'H approved.

BTW - calculating after the reverse split, BG and PO'H paid just over forty-eight cents per super share.

I would not expect there to be any shareholder meetings in the future - what would be the point.  I certainly would not waste my time.  We have no option but to trust BG to make something of the company.  Can I see a show of hands of people who trust this attorney to make LBSR successful?

In other exciting news, Deb Haaland was just confirmed as Secretary of the Interior.

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Mar 15, 2021 11:37PM
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Mar 17, 2021 03:26PM
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Mar 17, 2021 03:39PM
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Mar 17, 2021 04:30PM
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