NORTHERN SUN MINING CORP LBEFF

RE: No One Has Considered This

[victor2009]

Magic8ballman,

As you have read the forums during this year, you will realize that these points have been discussed previously. You have asked that if JJ actually did convert their shares and "put in the rest to take over this company" would they have to pay out LBE shareholders based on over-all value of the company. I read this to mean you are asking what protection is there should Jilin Jien want to take Liberty private.

doingthejob has responded as any forum participant would expect. This poster is a reincarnation of aatozz, whose posts were removed and a permanent ban imposed. The individual behind these two user names will spout an answer, with no concern whether he is familiar with the issues involved. This has been proved numerous times, and he has yet to admit to glaring misinformation he has presented due to his lack of knowledge or intention to deceive, whichever is the case.

doingthejob's answer to your question, would minority shareholders be compensated based on over-all value was No, and he stated this was outlined in the financial statements. Once again, doingthejob is exhibiting his ignorance on the subject. The requirements related to such a situation are not covered in the financial statements, in this or any other public company. This situation is covered by securities law, which is drawn to protect minority shareholders. The terms on which a company can be taken private are spelled out. And YES, there is provision for determining over-all value of the company and relating minority shareholder compensation to that amount. I suggest that if this is a concern of yours, that you include a review of the applicable law in your research.

I would point out again, that Jilin Jien is not required to convert preferred shares or debt to common shares, and have publicly supported the stated company plan for debt retirement and preferred share redemption. Many long term supporters and recent investors are willing to accept the risk involved in investing in LBE under the current circumstances. Those wishing to wait and see if the fear mongering of the bashers is warranted, will miss out on the reward involved in accepting risk at this time.

These same fear mongers predicted that LBE would be unable to obtain financing to proceed - they were wrong. They predicted LBE would be placed in bankruptcy - they were wrong. They predicted LBE would never become a profitable producer - they are wrong.

Those who support LBE and believe in its potential were right about financing, financial viability and profitable production.

Magic8ballman, you have the choice of deciding who you should follow - the fear mongers or the supporters. If you got into LBE this year you can get out with a small gain or loss. This is not possible in the investment of choice of doingthejob - from the time that he hailed ISM as superior to LBE - ISM has had a disasterous plunge in shareholder value.