OTCQB:LBSR - Post by User
Post by
stargazer1on Feb 01, 2012 3:14pm
182 Views
Post# 19475682
Money available
Money available So they can sell up to 200 million shares at the prevailing 5 day stock price average during the next 36 months and use the money for developing their properties. And the issued stock will be free trading. They don't have to do this, they are still allowed to form joint ventures or raise money in other ways. Will cause some dilution, but the money, if they decide to obtain it, will alow them to move foreward. 200 mil shares at .025/share means that they would obtain 5 million dollars, not 10 million dollars, unless for some reason the stock is trading at .05. A price of .03/share would give us 6 million dollars. That might be doable.