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PostPosted: Sep 25, 2009 10:46 am 
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I wonder why you call this a "reverse split"? What's a reverse split? Why not just call it a "stock merge" because that's what it is:

Thorium Power, Ltd. Announces Completion of a 1-for-30 Reverse Stock Split

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Thorium Power, Ltd. (OTCBB:THPW), the leading developer of non-proliferative nuclear fuel technology and provider of comprehensive advisory services for civil nuclear energy programs, today announced the completion of a 1-for-30 reverse stock split of the Company's common stock, effective for shareholders of record on September 18th, 2009. The reverse stock split will be effective for trading purposes on or about September 28, 2009.


Over on the THPW board, they're saying this is to boost the value of the stock sufficiently to get it on the NASDAQ. It's been sitting at 18-25 cents for a long time. Oh, and on Monday they won't be "Thorium Power" anymore--they'll be "Lightbridge".

I still wonder if they'll sell me the domain name.


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PostPosted: Sep 25, 2009 3:57 pm 
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You could call it a "merge". The current name is derived from history.

The original stock split was intended to keep a stock price in a trading range, let's say 30 to 300 dollars per share. Stocks were split to keep the price in that range as the value of the company rose. A reverse stock split reverses the process for the same intent; it keeps the stock price in an appropriate range as the value of each share of company stock falls.

Lightbridge will sell the old domain name to you...for enough money. :lol: :roll:

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PostPosted: Sep 29, 2009 1:43 pm 
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The company completed their "reverse split" today and is now operating as "Lightbridge". Their ticker symbol is LTBG.OB but will change to LTBR when it starts getting traded on the NASDAQ on October 9th.


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PostPosted: Nov 12, 2009 9:24 am 
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Lightbridge Corporation Reports Third Quarter 2009 Earnings Results

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Revenue for the three months ended September 30, 2009 was $2.0 million compared to $6.7 million for the third quarter of 2008. Revenues are derived primarily from the Company's consulting and strategic advisory services business segment by offering services to foreign governments planning to create or expand electricity generation capabilities using nuclear power plants.


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PostPosted: Aug 29, 2016 7:24 pm 
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Lightbridge News:

August 29, 2016: Lightbridge Receives Official Confirmation of Compliance with all Applicable Requirements for Continued Listing on The Nasdaq Capital Market
Quote:
RESTON, Va., Aug. 29, 2016 (GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ:LTBR), a U.S. nuclear fuel development company, today announced that it received official confirmation that the Company is in compliance with all applicable requirements for listing on The Nasdaq Capital Market having met the bid price and shareholders' equity requirements.

As of August 2, 2016, the Company maintained a closing bid price of over $1.00 for the ten prior consecutive trading days, and as a result of the $2.8 million preferred stock transaction with General International Holdings Inc. (GIH), the Company's stockholders' equity increased by $2.8 million, from $1.1 million to $3.9 million as disclosed in the Company's Form 10-Q filed on August 11, 2016.

Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, "We are very pleased with the final decision of the Nasdaq to support our continued listing. We appreciate the support of Mr. Xingping Hou, a prominent Chinese businessman and investor, whose preferred stock investment at a premium to our market price at the time of the investment, further strengthened our balance sheet, while minimizing equity dilution versus other alternatives. We look forward to a number of very exciting developments later this year, and believe that our listing on the Nasdaq will provide us significant exposure to global investors as we announce these major milestones."

About Lightbridge Corporation

Lightbridge is a nuclear fuel development company based in Reston, Virginia, USA. The Company develops proprietary next generation nuclear fuel technologies for current and future nuclear reactor systems. Lightbridge's breakthrough fuel technology is establishing new global standards for safe and clean nuclear power and leading the way to a sustainable energy future. The Company also provides comprehensive advisory services for established and emerging nuclear programs based on a philosophy of transparency, non-proliferation, safety and operational excellence. Lightbridge consultants provide integrated strategic advice and expertise across a range of disciplines including regulatory affairs, nuclear reactor procurement and deployment, reactor and fuel technology and international relations. The Company leverages those broad and integrated capabilities by offering its services to commercial entities and governments with a need to establish or expand nuclear industry capabilities and infrastructure.

Forward Looking Statements
With the exception of historical matters, the matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's competitive position, the timing of demonstration testing and commercial production, the Company's entry into agreements with nuclear fuel manufacturers and the timing thereof, the potential impact of the U.S. Clean Energy Plan and similar regulations, the Company's anticipated financial resources and position, the Company's product and service offerings and the expected market for the Company's product and service offerings. These statements are based on current expectations on the date of this news release and involve a number of risks and uncertainties that may cause actual results to differ significantly from such estimates. The risks include, but are not limited to, the degree of market adoption of the Company's product and service offerings; market competition; dependence on strategic partners; demand for fuel for nuclear reactors; and the Company's ability to manage its business effectively in a rapidly evolving market, as well as other factors described in Lightbridge's filings with the Securities and Exchange Commission. Lightbridge does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.

Mr. Xingping Hou has been the Chairman, Chief Executive Officer and President of General Agriculture Corporation since July 11, 2012. Mr. Hou has been Chairman, Chief Executive Officer and President of Geltology Inc. since July 11, 2012. Mr. Hou serves as the President of Paradise Tan Inc. He has also served as President of General Red International, Inc. since November 2007. Since May 2011, Mr. Hou has served as the Chief Executive Officer and President of General Red Holding Inc. Mr. Hou serves as Chairman and President of General Red Enterprise Group Company. Mr. Hou founded Xingguo General Fruits Development Company. He has served as the Manager of General Fruit since March 2003 and Manager of General Preservation since July 2003. In 2005, he formed General Red Enterprise Group Company. He served in Chinese People's Liberation Army for more than twenty years. In 2000, he retired from the military with the rank of colonel and started to work in a governmental agency in Jiangxi Province. Mr. Hou serves as the Chairman of Paradise Tan Inc. He has been Co-Chairman at Lightbridge Corp. since August 5, 2016. He served as the Chairman of the Board at General Red International, Inc. since November 2007. He served as Chairman of General Red Holding Inc. He served as the Chairman of the Board for each of General Red Industry Group Co., Ltd. and Shaanxi General Red Agricultural Development Co., Ltd. since May 2010 and October 2010, respectively. . . . He serves as a Director or Sheng Da Holdings Limited. Mr. Hou has also served as a Director of Hua Mei Investments Limited and Han Glory International Limited since April 2011. He served as Executive Director of General Fruit since March 2003 and General Preservation since July 2003. Mr. Hou graduated from the PLA Nanchang Army Institute.

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PostPosted: Sep 01, 2016 3:04 pm 
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Lightbridge Announces Planned One-for-Five Reverse Split and Other Initiatives to Regain Compliance with NASDAQ Listing Requirements and to Close on $2.8 Million of Financing

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Based on the closing price of the Company’s common stock on July 1, 2016 of $0.50 per share, the Company projects that the closing bid for its common stock will be above $2.00 per share following the one-for-five reverse stock split, allowing the Company to regain compliance with NASDAQ’s minimum closing bid price requirement of $1.00 per share, which the Company anticipates satisfying 10 trading days following the reverse stock split.


Lightbridge has seen the value of their stock slide steadily, year after year.


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PostPosted: Sep 01, 2016 3:13 pm 
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Is it declining demand for their fuel assemblies? Outsiders have a tough time getting a straight inside answer when it comes to nuclear.

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PostPosted: Sep 04, 2016 5:31 am 
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' Is it declining demand for their fuel assemblies ? '
They've never sold a fuel assembly. Their prototype higher-enrichment rods are in Halden reactor in Norway, and will need a few more years exposure, then testing to see if they can be certified for commercial use.


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PostPosted: Sep 04, 2016 8:54 am 
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jon wrote:
They've never sold a fuel assembly.
jon: For a pro–advanced nuclear voting US citizen who thinks Heritage Foundation's Stephen Moore is wrong (my masters in chemistry is stale and I once did trace mass spectrometry for the Corps of Engineers in the 1990s), can you please—sincerely and with great respect and regard for good manners—help me with my aging brain?

How did you find out that Lightbridge has not sold a single fuel assembly? Do you mean their thorium model? Because they make, as far as I can tell from their website, how many models? Three in uranium/plutonium and one in thorium?
Currently, Lightbridge has two fuel product lines under development, with each fuel design utilizing Lightbridge’s proprietary metallic fuel rod technology designed for both existing and new build reactors.
My head is thick as a brick. Is it just their "under development" statement?

I obviously lack confidence in my ability to judge anymore. Breaking in to the US nuclear reactor and nuclear fuels development business seems about as tough a business challenge for an entrepreneur as can be imagined. Is it my stupidity? And a reply of "Yes, Tim. You are stupid." would be particularly useful information in my world.

The stakes are so high in this game (e.g., nuclear nonproliferation, nonrenewable fossil energy, and COP21), would it be unwise, for example, for Flibe Energy, Inc. (Huntsville, AL—host of this forum) to go public? Is FE public? As far as I can tell, it isn't. And given that is true, for champions of the FE technology, we're interested to know that FE is getting proper funding. Mark Zuckerberg just lost this past Thursday morning $285 million on his facebook satellite accident—a cool quarter billion. I think I have $28.50 in my checking account. Has Mark heard of Flibe Energy?

My first presence in this forum was here: EPRI publishes tech innovation report on Flibe Energy's LFTR
Kirk Sorensen wrote:
Tim Meyer wrote:
I'm voting for Team Flibe-Teledyne backed by Southern.
I appreciate that, but the contractual relationship between the parties ended at the conclusion of this study. I am always open to seeing it reestablished in the future but at present Southern Company Services is pursuing the molten-chloride fast reactor concept that has been put forward to them by TerraPower. Although I suspect they will come back around in time.
Tim Meyer wrote:
I, too, congratulate you, Kirk, not only for enlisting Vanderbilt's help and EPRI's endorsement, but for your great courage and personal sacrifices to champion what I hope will become one of the most important technological achievements in human history.
Thank you.
TerraPower® is a nuclear energy technology company based in Bellevue, Washington. At our core, we are working to raise living standards globally. The essential factor? Energy.

In 2006, Bill Gates and a group of like-minded visionaries decided that the private sector needed to take action. They believed that business interests could develop a scalable, sustainable, low-carbon and cost-competitive energy source that would allow all nations to quicken their pace of economic development and reduce poverty. TerraPower’s goal is to provide the world with a more affordable, secure and environmentally friendly form of nuclear energy.
The "energy from thorium" forum began November 30, 2006. Evidently, Mr. Gates has nothing for the actual true original visionary—the inventor of the molten salt reactor—Alvin M. Weinberg.

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PostPosted: Sep 04, 2016 9:37 pm 
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Actually Tim, I think, like you, I've been a bit optimistic on where things are at - rereading the original report on World Nuclear News ( a handy site ), Lightbridge haven't got their rods in the Halden test reactor yet, and probably haven't even fabricated them. From history, it seems extraordinarily difficult for a private company to innovate in nuclear, even if they've got Gate's resources. Lightbridge fuel ought to be a very minor change to the light water reactor, with better heat conduction, higher burnup, and taking advantage of the much lower prices for enrichment, compared to the former diffusion process. If it takes them so long to even run a test, what hope for an entirely different reactor ?
Rod Adams, who runs Atomic Insights ( another informative blog ) tried for years to commercialise a small reactor using already developed silicon carbide fuel pellets, existing gas turbines, and nitrogen as a working fluid.
Years before that, General Atomics started up with a hiss and a roar, a Nobel physicist on the staff ( Freeman Dyson ) and a futuristic office in San Francisco. They sold a number of small research reactors ( the TRIGA ), built one large helium cooled commercial reactor in Colorado, which had major problems, and now seem to get most of their money making drones.

This website has done a great job in getting people interested in a resurgence of nuclear, which is badly needed, but of late it's been pretty quiet. Maybe some of the more prolific contributors are staying mum for commercial reasons, if they have ties to one of the startups. As Kirk says, we don't really know what's going on with Flibe Energy either.
Personally I think for real progress you need government support and government money. Outside the US, most nuclear programs -in France, Sweden, the United Kingdom, India, China, South Korea and Russia - have been state owned. The UK government has been trying for years to kickstart new reactors without actually taking a hands on role, only to have the French and Chinese governments take over, and with very slow progress to boot. Sorry if I sound like a Communist.
The article I was trying to link was from 19 October 2015, ' Export licence granted for Lightbridge fuel ', on World Nuclear News.


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PostPosted: Sep 04, 2016 11:27 pm 
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Thank you, jon, for helping me to gain an understanding of this very difficult effort. I'm glad you endorsed World Nuclear News for good information. I'll look for the 19 October 2015 "Export License Granted for Lightbridge Fuel" WNN article. I've been reading Rod Adams that's been encouraging. I didn't know about his attempt at a reactor. Fascinating! I was happy to see Robert Alvarez and his following debunked by Rod. Thanks for the GA-Dyson info. I'll study that.

Your explanation of the Lightbridge fuel is enlightening. I guess we'll be watching for news on the Halden test? This company's goals reveals much more than the replication of at least one reactor where U-233 seed and Th blanket formed the solid fuel assembly that was connected to the grid (Shippingport APS)—a kind of nuclear fuel intended for the fluid phase and not the sold. Transatomic appears to be utterly an SNF reprocessing technology to the extent that their "waste annihilating" MSR (whamzer or is that a metaphor?) intends to be fueled by that source. And they have nothing on the SRS debacle?

Are you working or have you worked in nuclear? I wish those in the know would begin posting here again.
jon wrote:
This website has done a great job in getting people interested in a resurgence of nuclear, which is badly needed [I totally agree!], but of late it's been pretty quiet. Maybe some of the more prolific contributors are staying mum for commercial reasons, if they have ties to one of the startups. As Kirk says, we don't really know what's going on with Flibe Energy either.
Loose lips sink ships? Of course, that warning was born before the U.S.S. Nautilus. Elsewhere I've told of my discovery of thorium on YouTube in October 2014 when I was looking into Lockheed Marrtin's claim to soon have a working high beta fusion reactor. I was floored by Kirk Sorensen (thanks to the filmmaker, Gordon McDowell, who took my phone call). I and many others have very high hopes for his "entirely different reactor"—his LFTR based on the MSRE that was entirely different in 1965! Can billionaire resources solve nuclear engineering problems? ("Albert, here's a billion. Now, how does gravity work? I'll be back.")
jon wrote:
Personally, I think for real progress you need government support and government money. Outside the US, most nuclear programs—in France, Sweden, the United Kingdom, India, China, South Korea and Russia—have been state owned. The UK government has been trying for years to kick-start new reactors without actually taking a hands on role, only to have the French and Chinese governments take over, and with very slow progress to boot. Sorry if I sound like a Communist.
You mean like Adam Smith? Didn't the founding father of economics make rather sound arguments for joint action concerning certain group problems? (I work in entertainment.)

In the Army we said, "Don't just stand there! Hurry up and just don't do something!" I guess we all have to wait for this odious US election to be over.

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PostPosted: Sep 05, 2016 7:05 am 
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I've never worked in nuclear or related fields - just interested.
I think some of the forum members have signed on with Thorcon, and maybe others with Terrestrial Energy, and are no longer handing out knowledge gratis. There's still a wealth of information in the back issues. Another site I've been following lately is Euan Mearns' ' Energy Matters '; he's originally from the oil industry, and has some detailed stuff on problems with renewable energy ( 'unreliables ', as Rod Adams calls them.)


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PostPosted: Sep 05, 2016 9:31 am 
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Ah! Thank you, jon.

Related fields? But, if I may pry a little further, and please don't be put off, okay?—do you have a science degree? Perhaps you've studied science enough on your own to understand processes the few nuclear people on this forum describe from training and experience. Myself, for time with bench mass spectrometry for trace analysis, some nuclear is required. Please forgive, but compare Rod—"Unreliables"—Adams' background. Thank you also for pointing me in the direction of Euan Mearns:

Image
I was born in India in October 1957 during the waning years of British colonialism. I returned home to native Scotland as a infant and grew up in the small country town of Kirriemuir, famous as the birth place of J. M. Barrie, the creator of Peter Pan, and of Bon Scott, lead singer with rock band AC DC.

In 1979 I graduated from The University of Aberdeen with a BSc degree in geology and went on to defend a PhD in 1984 that examined Crustal Evolution in Western Norway based on radiogenic isotope data. In 1983, my wife and I moved to Norway where we both worked at The University of Oslo. In this period I worked on developing methods that employed natural radiogenic isotope ratio variations in rocks and fluids to help characterize the layering and connectivity of oil and gas reservoirs and have since published a number of papers on this topic.
I was also born in 1957. In October 1979, I was in Berlin with the USO shows two years before I changed my major to chemistry. Today, I strongly agree with TerraPower's statement that is in harmony with FE's:
TerraPower® is a nuclear energy technology company . . . working to raise living standards globally. The essential factor? Energy.

In 2006, Bill Gates and a group of like-minded visionaries decided that the private sector needed to take action. They believed that business interests could develop a scalable, sustainable, low-carbon and cost-competitive energy source that would allow all nations to quicken their pace of economic development and reduce poverty. TerraPower’s goal is to provide the world with a more affordable, secure and environmentally friendly form of nuclear energy.

Image
Quote:
"Our mission is to supply the world with affordable and sustainable energy, fresh water, and fuels."

Lightbridge's mission appears to be making a profit by selling nuclear fuel assemblies to utility companies.
Quote:
Lightbridge Corporation is a nuclear energy pioneer and the leading developer of proliferation resistant fuel technology and integrated advisory services for existing and emerging nuclear programs. By leveraging a comprehensive suite of non-proliferative technical solutions and integrated advisory services, Lightbridge Corporation addresses the critical needs of the global nuclear industry and implements safe, economical and more responsible nuclear power. The Company is uniquely positioned to address the evolving needs of preexisting nuclear programs while attending to the multiple concerns of fast-growing, new nuclear programs and international nuclear vendors.

As a leader in the the global nuclear renaissance, Lightbridge Corporation is able to address a wide range of international markets and pursue various licensing opportunities on a global scale by entering into partnerships with participants in the global nuclear industry.
Poverty reduction (prosperity elevation) and better more abundant access to sustainable energy leads to a disincentive to terrorism and war. I feel the nuclear details here on the EFT are crucial for sure. Let us keep efforts here in context with respect to the big picture, yes?

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PostPosted: Sep 07, 2016 5:04 am 
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Sorry Tim, I don't have a science degree either. I'm really just another ignoramus on the 'net - so everybody tells me. ;-)


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PostPosted: Sep 07, 2016 9:47 am 
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jon wrote:
Sorry Tim, I don't have a science degree either. I'm really just another ignoramus on the 'net - so everybody tells me. ;-)
Image
I believe I've found another human being.

Your honesty, jon, is impressive. Perhaps you're heard this tired story of Diogenes? He used to stroll about in full daylight with a lamp; when asked what he was doing, he would answer, "I am just looking for an honest man." Diogenes looked for a human being but reputedly found nothing but rascals and scoundrels. Of course, I am a proud rascal. Never mind.

Lightbridge hasn't delivered a single nuclear fuel assembly for an operating reactor but is a publicly traded company? Do we need a degree in nuclear physics and reactor experience for that one? Lets do the math.

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