From a quick look at the loan terms, it looks like the lender can, if they choose, convert whatever balance remains into shares at the price of the shares on 4/10/19. This seems different than other loan terms--almost like warrants. In other words, this is a straightworward loan in that Powerup is not going to turn around and dump millions of shares on the market. Instead, if the share price goes up to, say, 20 cents, they can, in essence, buy $50,000 shares of LBSR at the price it was last week. It's great for them because they can make their 8 percent at the very least OR, if LBSR does go up, they can make much more. Does this sound right?

Thanks for the research, Leapfrog.