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NORTHERN SUN MINING CORP LBEFF



GREY:LBEFF - Post by User

Comment by doingthejobon Nov 15, 2010 9:39pm
313 Views
Post# 17710250

RE: RE: Victor2009, Nash's Departure From LBEVicto

RE: RE: Victor2009, Nash's Departure From LBEVictoVictor2009,

So the departure of Dr. Gary Nash, the broker of the deal with JJ, and the effect it has on majority shareholders is not worth discussion.  Well buddy, seems to me that your deception and deflection is exactly that, and the market has always, and still does, understand the bleak situation LBE minority shareholders find themselves in.  I can understand why you do not want to comment as can you image what would happen to the LBE share price if the "preferred" shares were exercised.  JJ, however, has to be in no hurry to exercise them because they get $1,650,000 per year in interest until they are exercised plus all the interest on monies loaned to LBE in the "supposed" short term.  This puppy is headed for a brick wall and JJ will be the only winner here.  So are you happy with your investment?  It's return?    BTW, Randy Miller's conservative approach certainly has outlived Dr. Gary Nash, and most probably will live out LBE's minority shareholders as well.  You see buddy, cash is king, and debt is toxic.  Dr. Gary Nash had so little credibility in the Canadian business marketplace  that he couldn't secure favourable credit terms for LBE without subjecting LBE shareholders, who are now LBE minority shareholders, to a deal with the devil that will result in their demise.  

Hurts, doesn't it, Victor2009!
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