Last couple days... most of the complaints we have heard on this board have been very unconstructive. As Surething has pointed out.. mostly by the crew that have been riding the waves (are currently off the boat)… and are not true LBE longs who know the potential of this company. We are also seeing an influx of ISM investors who are demonstrating their jealousy as they know their own story does not have a happy ending.

If you are so damn brilliant.. why not be constructive and describe to us what kind of a deal should have been worked out… in the current market conditions of April 2009 and Liberty’s financial situation.

Lets check our other options…

1. bankruptcy
2. sell assets 10 cents on the dollar to pay debts owed (nothing left of the company by the time all the debts would have been paid)
3. $30 mill loan with I’m sure extremely high interest (at least 15-20%). Add up that interest over 2-3 years ($18 mill).. tell me what profits would have been left for our company.
4. Sell the whole company and run….

Now tell me why our partners shouldn’t have a stake in our company. They began by providing the building blocks ($4 mill loan that was paid back) to get started on our infrastructure at the mine and mill sites. They loaned us another $15 mill U.S. to continue building infrastructure at McWatters and the Redstone mill. They have now stepped in to provide financial support during one of the worst financial crises in the last hundred years.

We “Liberty Mines” are now their foot print in Canada. Are they not going to look to grow this foot print? We are now partnered with a giant piggy bank that’s main goal is continued growth in its industry. On top of that the Chinese government works closely with its businesses to ensure growth and stability.. even during these poor economic times. We saw this by them recently injecting millions into buying ore (I believe copper and zinc) straight from Chinese refineries.

We were all sitting waiting for a life boat (most likely a tiny rubber dingy with holes...) to show up to save us…. And instead LBE management showed up with a giant cruise ship to sale us off to our rightful/profitable future.

I’m sure we will all have a little more to discus once the deal and its details has been publicly release by Liberty, but until then.. give it a break with all the B.S. and conjecture.

Quaz