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NORTHERN SUN MINING CORP LBEFF



GREY:LBEFF - Post by User

Post by victor2009on Aug 25, 2010 11:23am
368 Views
Post# 17381729

aatozz, reality check.

aatozz, reality check.aatozz/doing the job,

Here's a reality check. Nickel77 did not lie, as you claim. His statements are supported by publicly available information, unlike yours.

You made the following statement:

Post #28510982 : "The Chinese,with their controlling interest in LBE, are systematically hollowing out LBE leaving the minority LBE shareholders to die on the vine"


This statement suggests that Jilin Jien is systematically (that is "through a methodical procedure or plan, marked by thoroughness and regularity") removing assets from LBE, in a manner that will cause harm to minority shareholders.

This is false information. Amounts taken by Jilin Jien have been limited to repayment for funds due to them, under normal business arrangements, and in my opinion terms that are generous and beneficial to minority shareholders. For example, where else could LBE expect to get unsecured advances through short term notes at 8%, renewed at similar terms if required. This is not "systematic" hollowing out, it is beneficial reaction to financing realities, recognizing the needs of LBE - and therefore all its shareholders. Instead of making some harebrained suggestion that Nickel77 is risking small claims actions of $25,000, you might consider the wisdom of making unsupported claims that a respected global company is "hollowing out" its Canadian subsidiary.

If you want reality, the above reality is close to home - for you. It's false, it is defamatory and that adds up to you taking a huge risk. What's the risk/reward in doing this? Does it make the horrible performance of your company of choice seem better? Is it reducing the financial loss on your decision to invest in a mining experiment that has failed dismally? Does it take away the embarrassment you must feel, when you became the laughing stock of two forums with your naive plan to question Randy Miller?

aatozz, you are a loser, plain and very simple. If you want to learn something about the positive side of investing in mining companies come back when LBE's 2010 Annual Report is issued. You can join your fellow loser and fool, rockbottom, and find out what independent professional auditors report on the profits and cash flow. Then maybe you'll realize that SRK Consulting, as independent professionals, are much more qualified than you in assessing mining companies. You will also have learned that NI43-101 reports are a valuable information source - one that could have steered you away from your investment loss, to a company that is economically viable.

With your supposed electronic skills, maybe you should convert this message to the format you can put on your digital recorder. That way you can have something worthwhile to listen to while you're waiting to do lunch with Randy Miller and get those survey questions answered. Too funny! 
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