The paperwork filed has a section entitled 'Issuance Price', which states "The offering price and consideration to be received by the Company for any issuance of shares of Class A Shares shall be determined by, and shall be equal to, the volume-weighted average price of the common stock of the Company on the OTC market for the four days immediately preceding the date of issuance of such Class A Shares."

So the 'super shares' would have to be purchased.  Any Board member can own the shares, but must surrender them if they leave the Board.

Whether or not any of them have been purchased I do not know.  A small company (like LBSR) with any respect for its shareholders would let us know who has purchased how many shares, but in the secretive fashion that the Board is now operating, they aren't going to give us any information under the guise of not violating SEC disclosure rules.

The current leadership of LBSR makes me want to puke.