In the spirit of putting any ill will / disputes behind the company, this is what I would propose:
- If JB brings $10M in initial funding, then any claims by the company and/or executive management against him are dismissed upon finalization of such initial drilling.
- As a condition to funding, if the investors really want it, JB should be given full control of the initial drilling project and any future funding, if agreed to by the investors. The board would need to approve this grant of authority to JB.
- Upon public release of the final analysis of the final drill holes of initial $10M drilling phase, JB's past wages shall be converted into LBSR shares at the then prevailing pps.
Fair? Everyone wins?