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No the link said that Unless UMMC is willing to close the deal and defend, this lawsuit could be a deal breaker. See below:
Alpharidge Capital
$FCGD New lawsuit by an old judgment creditor for $615K. Unless UMMC is willing to close the deal and defend, this lawsuit could be a deal-breaker. pic.twitter.com/K4RfS3ZVaf
— Alpharidge Capital, LLC (@Alpharidge_Cap) April 16, 2024
Now that the previous owner and creditors are of the way, things are moving… the financials are being audited since January so I’m sure anyway now we’ll wake up and see that Form 10 has been filed! And the status in Nevada changed as well.
StockRunners recently posted this on X, so I’m positive things are happening and we will be pleasantly surprised here really soon:
“Lifeline entered into a confidential Mutual Release and Settlement Agreement its former officers, Jim and Ann Holmes, and their related entities including Carson Capital Management, Inc. (collectively, "JAH") whereby it resolved a $350,000 debt payable from Lifeline to JAH. $LLBO”
“Lifeline also obtained one hundred percent (100%) of all outstanding Series Preferred Stock held by JAH. $LLBO #YourWelcome #Facts 💯”
Yes, I corrected myself on a new post.
Did you see that Caren Courier is listed as President?
I guess the Entity Status says In Default and the registered agent status active. But let’s see what happens in the next few days now that the ball is rolling.
Oops, Annual Report Due Date:11/30/23 not December but I’m sure they’re in the process…..
GetSeriousOK, that report says status active. Annual Report Due 12/31/2023.
Interesting that it now shows Caren Courier as President.
They paid the accounting form in January to audit the financials. I’m sure things are happening soon.
Arnie1 - hard to think at this point anyone doesn’t know the facts… but… I’m not worried! I know what’s coming good! Abd it’s coming real soon now! Sad to see anyone let go of anything so cheap at this point!
Arnie1, that’s exactly my thoughts! $LLBO
G: someone sold LLBO 100k shares for peanuts! Why???? Geeshhhh
Groveman1 - someone just brought the Ps wayyyyyyyy down! Pfft!
Groveman1- oh wow…. Now I understand what they’re doing!
Groveman1, I noticed that abd was wondering why these comments were all there on all LLBO comments…
Groveman1 - Not sure what happened with the ITBra, all I know is Acropolis made a deal with previous owners and creditors and they have zero interest in LLBO. So if there is anything left of the ITBra, it would be with LLBO/Acropolis…
Also, StockRunners said this in January… so they probably already know who the merging company is:
“the shares that belonged to Jim Holmes that were purchased directly from his estate. Now they are in the new merging entity is hands. Hope to expect filings here shortly. $LLBO
Whoever merges with LLBO will have immense tax benefits as $LLBO has $14 Million in Net Losses that will be of immense value to any profitable merging entity!”
Arnie1, StockRunners poster the document: “ Confirmation of PCOAB AUDIT ENGAGEMENT” I will send you the document to your email address… $LLBO 🚀
arnie1, I emailed it to you.
Arnie1, this was also said:
Lifeline entered into a confidential Mutual Release and Settlement Agreement its former officers, Jim and Ann Holmes, and their related entities including Carson Capital Management, Inc. (collectively, "JAH") whereby it resolved a $350,000 debt payable from Lifeline to JAH. $LLBO
Lifeline also obtained one hundred percent (100%) of all outstanding Series Preferred Stock held by JAH. $LLBO #YourWelcome #Facts 💯
Arnie1, StockRunners posted tge report with this message (I can’t share the document here but I could email it to you if you give me your email address)
“Upon completion of the Audit, a Form 10 will be filed with the SEC to bring the company current. $LLBO 🚀”
Arnie1 - it did get fixed today… I see it logged in the court website but I don’t see the document itself. Maybe Stock Runners will share on X. I will reach out….
Arjie1, I did see that yesterday evening StockRunners responded to a guy on X making stupid comments. Below is wfst StockRunners responded… (I didn’t get a response to my question/post, which answers my question that tte final report didn’t get filed yesterday). Let’s see what happens next week.
“Is that a joke? You want @GeorgeASharp ? - It happens when it happens. Goes current when it goes current. Don’t ask any questions. Or get blocked. Also Frank the snake is not involved in any way whatsoever with $LLBO “
Arnie1, no idea, I’ve been searching all day for news and on the Clark County Court website to see if there is anything and it’s all CRICKETS!!!!! Not sure how a final report is filed or disclosed… but there’s nothing out there so far that I can see!
Groveman1, there is no court date set for today, only a deadline to file the final report, so it could be anytime….
Groveman1, nothing yet…. I’m watching everything waiting on news… yes I saw someone grabbed a few shares very cheap! Pshhhh who would let go of those at .0001?
Arnie1, absolutely, me too! Praying!
Groveman1 - I imagine they would need to update shareholders on a final report…. The good thing is that we will find out in 2 more days what this final report will entail. Hoping to have clarity.
Arnie1, that’s what it sounds like, clean shell, no debt…. But we have to wait and see what they say this Friday 4/12 and what happens after 5/2.
Arnie1, not sure but I imagine they will need to give accounting of everything they’ve done… ie: they made a deal with the previous owners and paid off creditors. Now they fully own LLBO and I imagine they will need to disclose amounts etc…
Arnie1, all that was posted was the document. But in my opinion, this forces Acropolis to give an update before they are dismissed as custodian on 5/2.
Groveman1, sounds like maybe we will have some questions answered on 4/12, before tte 5/2 hearing. $LLBO
Grovenan1, Oh wow let me check! Thank you!
Groveman1, did you see this post from @runners_stock on X…. To me this explains why they haven’t been able to say much… I’m sure we will hear something from Acropolis after 5/2 court hearing when custodianship is terminated.
“Holmes family has ZERO interest in $LLBO. No longer own any shares as control block was purchased by Acropolis. That’s why a custodianship is no longer necessary. As Acropolis has control. And $LLBO is a clean shell with no debt. And it’s on Acropolis to get current”
Im pretty sure something will be released really soon now! Or at least after the after the 5/2 court hearing. All we can do is wait and I do believe we’re in a better position with Acropolis handling it.
Groveman1, I think they will once they are dismissed as custodian and file the 10k
. I believe the circumstances didn’t allow.
Looks like they have until April 14th to file an annual report (they filed a notification of late filing for period ending 12/31/2023 and they didn’t file a quarterly with 5 days so let’s see what comes out on April 14th… also shows the new address on the filing.
Arnie1, this is something else Stock Runners said on X:
“If I’m a company merging into $LLBO I would feel better knowing I’m being sold a clean shell with no debt or court proceedings. Wouldn’t you? I feel that’s a good thing as Acropolis is taking all the right steps to get this current. We could wake up one day and Form 10 filed.”
You too Arnie1 !!!
Arnie1… all we can do ! But I have a real good feeling now!
Arnie1, all I know is that it is in Acropolis’ hands now. Hopefully their 2023 Audit is completed soon and Form 10 is filed. All in their hands…. we could wake up any day and see the 10k is filed. We’re on the right path now so let’s keep praying for the best outcome! 🙏🙏🙏
Acropolis PAID OFF $LLBO Debt to Creditors. There’s no longer any need for custodianship as there’s no fight from the other party. Agreements have been made and it’s a clean shell.