Victor2009 -- Fact versus Fiction!Victor2009,
Based on all the facts that I posted, I would call it logical conclusion. Logical conclusion that was seen by many and certainly seems to be unfolding in that way that I said it would. A CEO is suppose to mitigate risk, grow a company responsible manner, and look out for the best interest of the company, and thus, its shareholders. Dr. Gary Nash did not do that and it resulted in LBE dropping to 4 cents and cease trading on the TSX. Unable to secure credit lines domestically, he embraced the predatory deal with the Chinese. For that, both he and the original LBE shareholders paid a great price. These are the facts buddy. There was full disclosure of this deal in the LBE MD&A and Financial Statements. Many could see where this was going, and with the "preferred shares" hanging over the minority shareholders where was there a chance for opportunity? If a significant discovery was made JJ has the right to convert the "preferred" to "common" and dilute the original LBE shareholders to 23.7%. If they didn't convert they collect a cool $1.65M on the "preferred" shares with 8% interest on outstanding balances, and 8% on any other monies that are borrowed. The real problem that I have is that the JJ controls how much debt LBE takes on, and then they provide the cash to service that debt. Who is the loser, the minority LBE shareholder. That is what you call the facts, buddy. So, are you happy with LBE at 11 cents today? Are you happy with the dismissal of Dr. Gary Nash? Are you happy with the ever increasing debt at LBE? Etc, etc, etc... Clearly too much risk for the paltry possible returns. But you see, Victor2009, you avoid the facts at all costs and mount hypothetical rants that mean absolutely nothing. It is your lack objectivity that has led to your LBE losses -- sucks to be you! But as you have already indicated, why keep repeating ourselves, my facts come from the LBE M&A and Financial Statements. Your hypothetical crap comes from your imagination -- good luck with your LBE investment and keep living the dream!