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Message: Re: Hmmm...

May 19, 2023 06:58PM
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May 22, 2023 05:15PM

"If our loan shark lenders can't sell shares in volume to make their money, will they call their loans?"

I think all our loans from anyone outside the company are predicated on the lender, when the loan comes due and cannot be paid, only having the option to convert the loan into a specified number of shares of common stock.  Once that conversion takes place, the loan is considered paid off.

Or at least that is how it reads to me.

Which means, to me, that (Sixth Street Lending / 1800 Diagonal Lending) must have been convinced by Gross that there is good news coming in the future for them to continue to lend LBSR money (over half a million dollars by my count).  If they don't have some kind of inside information, then they are morons to continue lending LBSR money.

But if he has given them such information, shouldn't we as shareholders be entitled to that information also?


May 23, 2023 08:36AM
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May 25, 2023 11:36AM
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