Well said Whaler.

This is what Nickel77 said to me:

Carmen,

No, I dont think all is lost at all. I think LBE will just have to do what they can until they arrange some financing. They will be able to do that, but I think maybe some of the people Gary has been dealing with wont be in the picture in the near future. LBE has challenges, there is no question about that; but their assets far outnumber the debt. If it means curtailing operations completely saving costs, or paying higher interest rates for loans, or even looking at mergers, LBE will get something done. There is always a way to get a deal done. LBE has very good value left in it and can change things for the positive.

In one way I kind of wish Gary would just shut down everything to care and maintenance. I think sometimes these funds screw around so much it wastes so much time. If they saw LBE just shut down, then they would know LBE will go out and get the best deal possible from whomever. This would put them all on notice LBE will deal with those that really do want to make a deal. I dont think they would like to loose out, as they know the assets LBE has and the potential LBE has to return. Things like this are done all the time, and if LBE has to do something like this then so be it.

Maybe I am wrong, but I think LBE has been messed with terribly by outsiders. For now, Gary just has to figure a way out to get us financing so we can ramp up to full production. I believe there are many other companies out there that Gary could align himself with for a partnership or merger.

I have my concerns, but going under is not one of them at all. We are not in the position. Like many others in the industry one just has to shut things down so there is no expense. Figure out what you need and carry on. I fully expect Gary to get us there.

I am staying positive through this.