RE: Naughty boy, Strom Trooper Rastaman asks if Johnny Boy is back invested in LBE. I doubt it. Based on his postings on this forum and on others I've checked, his method is to buy in to a stock, and when his timing proves wrong he begins whining and crying about the inability of management, and at some point sells at a loss. He is not man enough to take responsibility for his own investment decisions. He fails to realize that some others have had the faith and moxie may have an entry point, or an averaged down cost, that makes Liberty a money maker or potential money maker for them. As DarkAngel has shown, not all whine and cry about the bumps along the way. Some no doubt have sold or reduced their holdings - admitting that they erred in their investing decisions. Others, have acquired a position, or averaged down, in the belief that, while the company [like a number of others] has proven in hindsight to have been over priced in certain of their buys, it still has potential to provide a shareholder return.
John Strom prefers to belittle the man who attempted to build a producing profitable mine, and when circumstances prevented continuation as a viable company, acted in the best interests of shareholders to save the company with a capital injection that gave up control, but saved the company. With 20-20 hindsight, this whiner claims that if Gary Nash had not expended money, the company would not have faced difficulty in the global meltdown. This guy, who has likely done nothing of significance in his lifetime, suggests that doing nothing is the way to provide an investment return. Well, you don't have to travel far from the Liberty property to find a company "leader" who has followed the Strom Business model on stewardship of investor's money. This guy has accomplished nothing for shareholders, but has generously rewarded himself, when wasting millions of shareholders' dollars. Gary Nash, was paid reasonable remuneration, expended money on developing producing properties, with minimal administration costs. When failure was a very real possibility, Gary Nash didn't take the route followed by the do nothing CEO next door - who increased his own remuneration, and invented numerous ways of feathering his own nest, squandering money on foolish endeavours, and decimated shareholder value. Gary Nash was aware of the consequences, to the company, shareholders and himself, in relinquishing control to obtain required financing. He chose the route that best served the shareholders, over the self serving options that were available. The result is that Liberty Mines has the real potential of being a profitable mining company, its shareholders have the possibility of recovering some of their investment, and depending on their entry points, profiting on the investment. Today's news release states that the present management and controlling shareholder consider it prudent to pay $1 million for a 1% NSR reduction on just one of LBE's mines - one that was identified as a result of Gary Nash's efforts. Compare that to the future faced by the shareholders invested in the company with the do nothing CEO next door. You'll soon come to the conclusion that its much wiser to invest in a company with a priority and ability to be profitable, than with one in which abilities are non-existent and the priority is to reward management for accomplishing nothing.
The Strom Trooper is very transparent in displaying his true character. He belittles a man who is many times his superior, rather than accept responsibility for his own decisions. His response to claims that he is a whining coward, and a bigot that has been disciplined by Stockhouse for unacceptable racial comments is not to deny his cowardice or bigotry - but to claim that he wasn't suspended. He then confirms his blatant bigotry by saying "Happy Hanukkah". In his sick mind, he does this believing it insults me. I am not Jewish, but in no way am I insulted by the inference that I am. All John E. Strom has accomplished with this effort, is to confirm that he is the pitiful waste of skin that many have come to realize. He's an embarrassment to his fellow Americans and to those that fought and defeated the tyrant that shared Strom's supremist beliefs. I expect his parents would be disgraced by his behaviour, unless they too suffered from the same sickness.
Happy New Year to LBE supporters.