RE: RE: RE: RE: then a miracle is supposed to happLegend in your own mind....
"As far as the Chinese buying Liberty
sharesyou have finally admitted it that they didn't screw LBE can you alsoadmit it that they are wanted LBE to succeed?? They have publiclystated it and they are true to there word unlike you how long have youbeen saying ISM will have there 43-101 very soon....please define verysoon"
Of course Jilin Jien has an interest in Liberty Mines succeeding but you are missing the point - I think on purpose. WE were the ones who got the shaft. This deal was cobbled together during the year long [or more?] Quiet Period as a LOAN yet when the dust settled it was a loan for a controlling interest in the company. We can argue until the cows come home but in the end I'll bet management was not hurt but shareholders were hurt and saw our great negotiator pee away 51% of the company for a loan that the company must repay, then pee away another huge chunk of the company in convertible preferred shares which represents yet another loan, taking Jilin Jien up to 76.4% of the entire company ALL for those two loans. The latter loan has Liberty Mines paying Jilin Jien 8% [?] until Jilin Jien buys the convertible preferred shares - which I think they will do. Then our crack negotiating team discovered they didn't have any money to reopen the mines and for working capital and borrowed yet another chunk of money - due in July, 2010.
ALL of those loans are collateralized by every mine, every property and every piece of equipment Liberty Mines owns. What do shareholders have? Vague promises. Have you seen any news releases recently? Just the very bare minimum and the last was the TSX Delisting Review of November 17th. Very impressive. Tell us, legend, what exactly DO you like about this company? Oh, yes, somehow you bought a ton of cheap shares. Did you own shares before this Tower of Babel collapsed or did a little birdie tell you to buy?
I'm still waiting for that vote of the shareholders to see if we wanted this deal or not.