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Re: nodummy post# 15350

Saturday, 09/24/2011 2:45:34 AM

Saturday, September 24, 2011 2:45:34 AM

Post# of 224172
LFBG R/S 1/500 + Red Flags w/financials problems

Heres my DD in August on LFBG
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66399779

includes research that the ENTITY in Delaware named "Modesa Enterprises LLC" does'nt exist in it's database and it's a FAKE company no matter how we name it "Modesa or Modessa"



- i read in the latest 8k of Sept 23rd about the R/S, he said this

To make matters more complicated, we have identified only two clearing firms that will accept our sub-penny shares and provide liquidity for our investors.



i checked with MasterTraders Search Tool it shows he is still DTC-Eligible and i can place an order with my broker that clears through Penson, so i doubt that it's only 2 clearing firms that can provide liquidity for LFBG, theres a lot of clearing firms including those that Self Clears like Banks, does he really think investors/traders are that stupid ? we all know the real reasons.


- also in the 8k of Sept 6th the CEO said this (NO COMMENTS...lol)

I call it the government sanctioned pump and dump scheme. Until the SEC solves this problem




*** Heres the filings after the "DD" of August ***


> "PRE-14c" Sept 23 2011 SCHEDULE 14C INFO for a Reverse Split of 1/500
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8159941

To effect a One (1) for Five Hundred (500) reverse stock split (1:500), whereby, as of the Record Date, for every five hundred shares of Common Stock then owned, each stockholder shall receive one share of Common Stock, with fractional shares being rounded up the nearest whole number.
Mr. Lyndon owns an aggregate of 113,027,378 shares of Common Stock and 10,000 shares of Series C Preferred Stock. Each share of Common Stock has the right to one vote on the proposal above and each Series C Preferred Stock has the voting equivalency of one million shares of Common Stock; thereby giving Mr. Lyndon total voting power equal to 10,113,027,378 shares of Common Stock, approx 54.9% of the total voting securities (18,391,118,183 shares consisting of the following issued and outstanding shares: 8,379,641,409 shares of Common Stock, 3,586,245 of Series A Preferred Stock, 7,890,529 shares of Series B Preferred Stock and 10,000 shares of Series C Preferred Stock having the voting equivalency of 10 billion shares of Common Stock). Mr. Richard J. Knox, Jr. who owns 9,305,714 shares of Common Stock also approved of the above proposal. Together, Mr. Lyndon and Mr. Knox own the voting equivalency of 10,122,333,092 shares of Common Stock, approx 55.04% of the issued and outstanding voting securities



> "8k" Sept 23 2011 Shareholder Letter, Giving Reasons of the R/S
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8159913

Based upon a newly discovered FINRA Rule established in June 2010, the lowest increment our stock price can trade (as displayed) is $0.0001.
FINRA Rule 6434. Minimum Pricing Increment for OTC Equity Securities No member shall display, rank, or accept a bid or offer, an order, or an indication of interest in any OTC Equity Security priced in an increment smaller than $0.0001 if that bid or offer, order or indication of interest is priced less than $1.00 per share except, where an order or indication of interest is priced less than $0.0001, a member may rank or accept (but not display) such order or indication of interest in an increment of $0.000001 or greater.

Because of the closeness of our current price-per-share in relation to this threshold, our Board of Directors believes that the current market conditions may soon seriously impact the company’s ability to use shares to pay for new product development, marketing services or raise private capital. To make matters more complicated, we have identified only two clearing firms that will accept our sub-penny shares and provide liquidity for our investors.
Therefore, the Board of Directors has decided to solve these problems by performing a reverse-split. Although I had originally considered it important to survey our shareholders to gain consensus before taking such action, numerous shareholders have spoken out suggesting that failing to act in consideration of this FINRA rule, could risk illiquidity



> "S-8" Sept 8 2011 "stock compensation plan" they registered another 1 bil shares at 0.00045 value
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8138369

> "8k" Sept 6 2011 Hinting an upcoming R/S and saying the GVNT has a "sanctioned pump and dump scheme"
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8135439

Finally, I hope as a shareholder, you will support my attempt to make another appeal to the SEC requesting them to eliminate the market-manipulation that occurs when a reverse-split is announced “before” it is effectuated. Right now, any such split has to be announced at least 3 weeks in advance…I call it the government sanctioned pump and dump scheme. Until the SEC solves this problem, our company and numerous other sub-penny stocks cannot perform a reverse-split and return to respectable price-per-share levels without possible shorting, market manipulation and a risk too-great for our investors. Unfortunately, until the SEC solves this big problem, we will continue to experience more significant dilution to keep the company funded until it reaches profitability.



> "10-Q/A" August 29 2011
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8122460

> "SC-13G" August 26 2011
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8120792


with the R/S it's now officially renamed to "Left Behind Shareholders"

$POS

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