NORTHERN SUN MINING CORP LBEFF

No One Has Considered This

[rckolon]

What if Jilin Jien decides not to exercise their option to convert the debt into more shares?  Investors may suddenly revalue the stock higher, because that would indicate that JJ thinks the prospects of Liberty look good enough to eventually repay all the debt, even if they don't meet the deadline.  Dilution would just decrease the value of the shares.  Abstaining from dilution may make the whole capitalization worth much more.

[victor2009]

rckolon,Your point is well taken, but it is not the case that no one has considered this.Those whose agenda is to promote the idea that Jilin Jien invested only for ulterior motives, and that they will act to harm minority shareholders, refuse to consider this. Legend has invited one of these bashers to consider this possibility, and that basher refuses to respond.The bashers either do not

[Magic8ballman]

I have been an investor with Liberty since early this year.  I can say that I have had my doubts and concerns along the way this year, some spawning from the negativity that is posted on this board by various posters. Since it has been shown time and time again that certain posters have very little credibility I am not easily discouraged...however they do raise some questions.For

[doingthejob]

Magic8ballman:You ask:"If JJ actually didconvert their shares and put in the rest in to take over this company,they would have to pay out Liberty shareholders what the shares shouldbe valued at based on Reserves and Nickel prices at the time, i.e.over-all value of the company."The answer is no.  The terms are clearly outlined in the Financial Statements.  However, JJ has

[doingthejob]

Magic8ballman:The 3rd and 2nd last sentence of my post read:"Ask yourself, how much would LBE have to make in gross profit in the"Preferred Shares" were converted by JJ and for each LBE share to increase by $1.00 in value.  The answer is approximately $500,000,000(35% taxes  according to SRK would leave approximately $350,000,000 of gross profit (not revenue, this is

[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

[doingthejob]

Magic8ballman, So, you got my answer, and you got Victor2009's answer.  Mine was "NO", his was, oh, change the question and draw your perception into the grey area thtat is currently unknown.  Not only that, but to criticize you asking tthese terms he question because it has already been discussed and the truth pertaining to your question is certainly founded and material

[Magic8ballman]

Doingthejob,As far as Victor's response goes.  I can see how he may be frustrated...I am sure he feels like he has to be a broken record at times.  He has willingly defended Liberty ever since I started referencing this site earlier this year, often having to repeat information.  I didn't take Victors response as a way to intimidate me or any of the other

[victor2009]

doingthejob could not answer the question posed by Magic8ballman - so instead of admitting that my comments answered the question, doingthejob wanders off on a rant about censoring, manipulating, intimidating and criticizing. doingthejob/aatozz is employing the same tactics he has used since coming on the forums to pump ISM and bash LBE. He refuses to defend his allegation and theories, and tries

[victor2009]

doingthejob could not answer the question posed by Magic8ballman - so instead of admitting that my comments answered the question, doingthejob wanders off on a rant about censoring, manipulating, intimidating and criticizing. doingthejob/aatozz is employing the same tactics he has used since coming on the forums to pump ISM and bash LBE. He refuses to defend his allegation and theories, and tries