The former CFO was fired. He has now brought suit asserting Seth failed to pay him some compensation (who cares) but more importantly he was fired in response to essentially not playing ball. We have to wait for the complaint but it would not surprise me to hear some nasty things come out. All of us who have followed the machinations of Seth know that he was very liberal with the truth and he acted with immunity changing the goal posts -- from quarter to quarter things he said would come to fruition just were forgotten about or never mentioned again. I look forward to the filing of the complain because I never understood how the CEO of a publiclly traded company could exaggerate the truth so much so often. I have always been of the mind that his actions if not criminal were unethical. I will publish here the complain when I find it.
How is it possible that a year and half after Enron Linda said there would be a DMC determination, months away allegedly from results and there is still no DMC interim analysis? The fact that ASCO once again passed on NWBO just goest to show you what a joke this company is.
Check out NBS on secondary. No doubt junk but stock decimated here and with a phase III trading at this market cap and with dilution out of the way maybe you get a run up from here. Of course, like LTBR it is junk and just buying here at 2.05 for a trade
13,000 shares! Talk about putting your money where your mouth is! A whopping 15,000 dollars split among 3 insiders OR for you math whizzes 5,000 a piece. They must be sitting on something great!!!!
Funny each day the stock drops and you keep adding saying this is it. What do you do buy 100 shares?
The OSHA Complaint alleges that the Company unlawfully retaliated against Mr. Guerra for challenging allegedly improper actions of the Company by making allegedly defamatory statements and terminating Mr. Guerra from his employment with the Company. Mr. Guerra’s demand for damages is for back pay, front pay, and special damages. The complaint did not specify the amount of damages sought.
So the CFO challenged "allegedly" improper actions... what could they be?
Be careful. These one day run ups tend to reverse fast.....
arghhhhh I have had nothing good to say about a stock that over the course of 5 years and the greatest bull market in history has lost 80%. Why call me a "paid basher" and why not simply say: The guy seems to know what he is talking about. Believe me, I know more about LTBR than you ever will.
LTBR announced their "transformational discovery" back in 2007. We are now going on almost 9 years! In 9 years they have done exactly what? Think about that, 9 years! 9 years and they still have not made the freaking fuel rods for testing!!! I honestly can't understand how Grae gets away with this stunt of his. Even if you give them the benefit of the doubt, this is what lies before them: fabricate the rods. The cost of this has to be around 10 million. Their only source of revenue was consulting and that is gone. So where do they come up with 10 million to fabricate the rods. Then they need to put them in a test reactor. The first tests will be capsule irridation testing and there you are looking at about 3 years. The data would be analyzed along with safety profile then you need to do loop testing then you need to hope all goes well and the NRC gives it the green light. So LTBR needs, in the most optimistic scenario, about 25 million and 10 years. They have done nothing in 9 and have 1 million in the bank or so. In fact, they are worth more dead than alive as they have like 25 million in tax loss carryover.
We all learned years ago how full of #$%$ the LTBR CEO is and it is clear from how the stock has run down that we are not alone. The market knows that LTBR is a pipe dream. For literally 10 years we have been hearing about how LTBR is right around the corner from testing its fuel. Without testing this is going nowhere and how does LTBR test a new fuel in something as contentious and dangerous as nuclear with oooohhhhh 1 million in the bank. How do they fabricate the fuel rods (again we have been hearing about partnerships, MOUs, licensing agreements since 2007), how do they pay the research reactor, etc... Is is 2015. 7 years ago Seth Grae, the LTBR chief snake oil salesman, has been yapping about this and that. First it was the Advanced Test Reactor (I think that was 2007) then it was Russia, then it was Canada and now it is Norway. For a fuel that has such interest strange nobody wants to test it, fund it, or really care about it. Back in I think 2006 LTBR said they had a MOU with Areva. That was never heard of again. Then there was the MOU with an Indian company Punj Loyd, dead on arrival never heard of again. See my friends it will be clear to you that LTBR is just a shell that provides Seth Grae a reason to get up in the morning. Nothing is done there other than provide Seth and his 3 or so colleagues a reason to get away from their wives.
A LTBR catalyst occurs once every four years. So in about 3 years and 363 days you'll be able to sell this pig for a 10 cents profit. Patience.....
AP: Lightbridge the leading provider of nuclear technology ( aside from companies like AREVA, GE, et. al.) has reported that it's Nuclear Advisory Board which is comprised of some friends who represent the 4 major utility companies, have written a letter, albeit brief, to the NRC stating that assuming everything LTBR says is true, and assuming the metallic fuel is safe (another perhaps decade of testing required to confirm) and assuming is can be implemented in a commercially viable manner, then LTBR's Nuclear Advisory Board requests that the NRC, when the time is right, take a closer look. In an unrelated matter LTBR will be filing an 8K granting said representatives comprising their Advisory Board stock options which most doubt will expire worthless.
I feel bad for the newbies that bought on the news not knowing what the old timers know here-- that LTBR is a pipe dream and a long one at that. More like a nightmare. But who knows. Maybe Seth will announce that he is teaming up with Elon Musk
"It's a win win"... I think that is the first time I have heard that expression as it relates to Seth Grae. You have a lot to learn.......
There is now a whole new generation of kids who will want to see Seth Grae die....
It reads like this: I have these 4 companies doing me a favor. They are on my "nuclear advisory board" and they think you (the NRC) should take a closer look. Thanks!
You people kill me......
#$%$ bag company