Stock all time low. After a reverse 10 to 1 stock split taking the stock from .40 cents to 7 dollars it's now after 7 years and the greatest bull market.80 cents. More importantly they are no closer now toward commercializations than they were 7 years ago. Bud, with all due respect, you sound like an moron
This game, defining a self serving milestone, reaching it in principal but not actually, then using the "milestone" to raise money so Seth can keep his job has been happening for 7 years. The gig is up and nobody trusts or believes Seth. So now he's in a pickle. There are no technology access fees until the rods are a) fabricated and b) tested. If Seth could have gotten money before testing the rods don't you think he would have? In fact, the guy has wasted so much time (I should say wasted investor time as for himself he's done a great job keeping his job all this time) yapping about fabrication (I heard this story 5 years ago when a subsidiary of Rosatom was going to do it)... Well it's all just a game. Sorry to break the news to you. That said, I think at .50 cents you play it for a pop.
2017 and Licensing Fees: Bud, you seem like a relatively bright person, ask yourself, who would pay a licensing fee for a fuel that has not even been tested? Assume everything goes right for LTBR and it never does assume a deal is signed with CNL at years end to fabricate the rods. Where does the money come from? Assume LTBR simply sells shares to raise the money. It's now 1st Q 2016 and we finally after 7 years have a contract for the fabrication of the rods. How long will that take? 6 months? A year? Essentially is 2017 and you are lucky if the money is raised and rods fabricated. So who and why does someone pay a "technology access fee"? A fee for what? A fee to see if once the rods are shipped to Norway for testing they actually hold up? See Seth makes it sound it's all a formality. The rods work. We just got to get them tested. Sorry. If they worked then the stock isn't at .80 cents. If it worked the utilities are making offers to buy in NOT writing a 3 paragraph letter at the behest of Seth to the NRC essentially stating: hey who knows but let's see.
MOU's; Contracts; Agreements- Seth uses these self proclaimed milestones to define for the company future catalysts so he can raise money. Look at the news flow and in every case the event is used to goose share price and raise money.
Bud, your argument FOR LTBR takes at face value what the LTBR says. It's for this reason I have in many posts outlined the instances, and there are many, wherein LTBR, Seth in particular, has asserted a future milestone, talked as if it were matter of fact, and then after the expiration of the date found some excuse as to why nothing materialized. Babcock and Wilcox was I believe the latest and most egregious example and I think the straw that broke the proverbial back. But let's dig deeper.
Insider Buying: if Seth and company really believed in the future then don't you think they would step up their buying? Even with this latest round the 3 horseman haven't individually bought even 10,000 worth. More poignantly, the only person at LTBR whose judgement I trust is the CTO and he hasn't bought a share (name escapes me at the present). He among all knows the true value proposition and that is 0.
Institutional Ownership and Coverage: there is 0. This should always be a red flag. It isn't as if this story is new. Hedge funds are filled with mathematicians and engineers whose sole job is do analyze something like this. They did and found 0.
Seth Grae: This man is the most disingenuous CEO I have ever seen. IMHO he borders on a sociopath and lies unabashedly. Take the RedChip interview as one example. In response to a question about R&D spending, instead of saying they have spent about a million dollars annually on R&D (they have no real money) he talks about over 50% of expenditures going to R&D (hides the nominal figure as it's so paltry). This is just a small infraction but I can list countless others.
I said: let each buy 10,000 worth of stock one more time. Unfortunately, Seth and the other 2 employees that make up LTBR only bought about half that so I'll continue my rant. See how many times can Seth talk of progress, of creating shareholder wealth only to see another year go by, endless talk of MOUs and comprehensive agreements the share price cut in half and literally nothing accomplished?! Nobody believes a word he says. He points newbies to a Siemens report which is like 5 years old now. He talks about a peer reviewed journal article that is 4 pages long. He points to an "expression of interest" from utility companies but is a two paragraph letter that simply states the obvious-- this fuel may or may not work but if it does we are interested. LTBR is done. Finally. And it feels good to finally see Seth out of work
I'm in Spain. Been here for 6 weeks. Basically all in cash and happy to be. The world is burning and the only thing keeping it afloat are the central banks and they look to be losing control. I have another week then back home. I'm looking to go long oil (USO) at 15.60 via UWTI if it corresponds with a double bottom on the euro (FXE) at 103.50 then that is the set up of a lifetime. But no need to rush things. Here in Spain the dollar is king
You like to yap about the % you made on those shares you bought at 1.04 and but your silence is deafening now that she sits at an all time low of .90 cents. I know I know you made a fortune getting in and out.
Why would AMW be interested? They sell every pop. Look at insider transactions. They are still stuck with 2.4 million of the 6 they got suckered in at 6.40! No no Seth has no friends on the street.
How do they raise money I.e., sell shares via ATM and keep NAsDAQ compliance having share price maintained over a dollar? Seth Grae has destroyed what little credibility remained. Nobody believes him anymore as evidenced by a sub dollar share price. So now it a show me stock and with nothing to show and running out of money you have a death spiral. Next CC someone should ask how many shares they have sold via the ATM and what their plan is going forward. Seth should definitely step down but he won't as he has nothing else to do. He has presided over the loss of millions and every decision he made has been wrong from Thorium to testing in Russia to over- promising and under delivering. Look for .75 cents to take another shot
Ask him how much the fabrication of rods will cost. If you can get a straight answer you'll realize that LTBR needs to raise about 20 million. With the price soon under a dollar (today's reversal on an up day taking the stock to a new all time low is brutal) I suspect .50 cents is in the future. How this idiot keeps a job is beyond me.
Social is right. LTBR is just a vessel for Seth to eat chicken sandwiches with Tom. It provides him a raison d'être. He has exaggerated (lied?) for years about everything. It's just a shell corporation with 4 employees and office space. Yes they have a patent and a 4 page journal article published in a peer review journal as well as a 3 paragraph letter written by 4 guys that each work with a big utility company stating in essence that in theory LTBR might have a commercial viable patent provided it's every actually tested. That's tge extent of LTBR and it's been that way for almost a decade.
I'm out. Tried at 1.05 for double bottom and should have taken a quick 10 cents but oh well. I just forgot how much I hate LTBR. How scummy they are. It's so liberating to sell this crap. I really can't wait until it goes bk once and for all. Oh and to not have to hear the delusional Seth gear in his nasal voice talk about all the progress made
First, they change the goal posts after each announcement: we have a MOU with Areva - year later never discussed; we have a deal with Idaho National Lab- year later never discussed; We have a MOU with Punj Lloyd- month later never discussed again; We have a MOU with Babcock Wilcox - less than a year later never discussed. They buy a total of 10,000 worth of stock to sucker the retail morons like Bud and Jimlam and then announce an ATM (again hey morons if you sincerely lived it at 1.40 why not buy it here at a dollar? They won't because they are selling it here only retail idiots are buying). So how are they not prosecuted? I guess it's legal. But the CFO is suing them and if I can get a copy if the complaint I'll provide a link.
Of course our delusional leader will talk how great things are despite a share price at an all time low. In fact, the market cap was higher when LTBR was on the bulletin board. Seth Grae the moron. So enjoy the conference call next week which will be attended by three people. Listen to moron Seth talk of progress and everything on schedule. Send an email asking if the idiots are selling shares per the ATM sending them towards another delisting notice.
Be nice to get news next week on CNL
Strange that relatively big blocks going off at 1.07. Their S3 became effective about a week ago. Imagine those morons selling stock at 1.07. That would mean they have no material news -something I've been telling you guys for years and they are looking to raise cash wherever they can.