NORTHERN SUN MINING CORP LBEFF

RE: RE: RE: RE: RE: RE: putting someone on ignore

[JohnEStromJr]

drillbit,

There is no way Jilin Jien could fire the management.  First, this was a sweetheart deal [selling out the shareholders] done during the Quiet Period [or silent period] and made for the benefit of Jilin Jien AND Liberty management but not for our benefit.  It had to look like a loan but they also had to essentially give Jilin Jien absolute control.  51% is control but not to the greedy - they want the WHOLE company - and cheap.  In return management keep their jobs and probably get a raise.   There is also the political aspect.  It wouldn't look too good for a Chinese company to steal a Canadian company and screw the Canadian shareholders so this is a dance we're seeing to allow enough time to lapse, prop up the company with BORROWED money that the "new" company must repay.  Imagine - they get 1/2 the company in exchange for a LOAN that must be repaid.  But wait - like Ginsu knives - there is MORE.  They also get a pledged number of convertible preferre shares which will give them over 76% of the company if exercised AND until those shares are NOT exercised we get to pay them 8% interest.  Or is it 10% interest?   Jilin Jien owns the company and they are NOT going to fire management as they need each other.  Us - we're the sacrificial lambs that had to be slaughtered in order for them to have a sure fired profit.  It stinks but that's life.   Having seen this same sellout three times before, with minor variations, one soon recognizes the dance.