LIG Assets Inc (LIGA)

[ChannelTrader]

Nice walk down...many thanks...I want 0001 before the RS...is it in the plans ?

Lots of people selling but nobody is buying. What a POS. I guess the jig is up.
I wonder if They are going to have another fake conference.

[Randy1111]

The people running it are a bunch of scammers. Thats what happened

[Masta SkillZ]

What the hell happened to this company? I have a small position and just noticed it's down a ton.

[Randy1111]

Lots of people selling but nobody is buying. What a POS. I guess the jig is up.
I wonder if They are going to have another fake conference.

[Randy1111]

Notice how it stalls at .0011-.0012 like clockwork. Waiting till the next rollback when the shareholders lose their share 50 for 1 and its worth .0001.

[Randy1111]

The walls will keep coming because alot wanna get out of this. Most need to get even in the .0040s. Guess we shall see

[powerbattles]

Net profit $ (53,516) $ (112,497)

[staypuff]

Something looks to be cooking. Just 500% more to go. Unless it’s the usual and it goes back down to where it was tomorrow but nonetheless there are some big chunks hitting

[staypuff]

Something looks to be cooking. Just 500% more to go. Unless it’s the usual and it goes back down to where it was tomorrow but nonetheless there are some big chunks hitting

[Randy1111]

And up goes the wall !!!!!

[BeamBouncer]

Time to buy Bears, BUY !!!

[ketotrader]

What’s the point of doing a RS if they are just going to sell as a shell

[Randy1111]

Somebody got to dump some of this crap today, good for them.

[tigerpac]

This company has taken all the proceeds from the sale of the Brentwood property and moved it around to Foreverboard, Buck Lake Ranch, BGTV, A lot of intercompany transactions, promised public spin offs which IMO are an attempt to deflect who owns what when.

Why do they still list Brentwood as an $600K asset? I asked that last period too. Could Marvin claim that he owns a couple lots?

My gut feeling is that all assets will be moved to BGTV whenever they can go public and if not, it will transfer to SMEV. The LIGA shell will get sold thru a reverse merger.

Pardon the pun but it is a true shell game here.

[Randy1111]

.0001 here we come. This continues to be a junk stock all the way to the bottom. 50:1 split . Its already worthless. What the hell why not ? No matter how you cut it crap is crap, and make no mistake about it. This is crap.

[staypuff]

So why are they still showing Brentwood land on the financials and where did all the millions from the sale go????

[Aarin]

LIGA Revenues = $0 (YTD and quarter)
They have not earned a penny from ForeverBoard this year. Which tells me not one panel of sheet rock has been sold this quarter..not by the original owner or LIGA.

[Randy1111]

4 years of hearing this. Yawwwn
This assuredly means nothing will happen. Been promising the OTCQB for many years now . The stock never reached the penny necessary to to reach this goal.
We wont hear from Liga for another six months and it will still be a yawn then too.

“Due to the larger size of the companies in negotiations, a successful close of any of the potential deals will almost assure OTCQB status within six months. And will likely remove the ‘going concern’ qualifier from the financial reports. Should the proposed transactions not come to fruition, LIG Assets does have other excellent opportunities for significant funding post stock restructuring. But a successful merger or joint venture is the preferred outcome as it allows rapid expansion with immediate revenues and cash flow.”

[ketotrader]

Quarterly Report Out

https://www.otcmarkets.com/otcapi/company/financial-report/343359/content

[12yearplan]

Hey Channel, sheesh - the sheen has worn a bunch off this penny.
Glad ur keepin' her afloat - I may check in later.
Cheers! bud..
Long and strong...but I will add 001's if they take it there.

[Randy1111]

Any big buyers out there for the 15 million shares + available at the .0012 mark? What a good laugh for the day.

[Randy1111]

Just a couple points from the trips. Looks like the Mm’s want to keep this at .0010 but we will see . Wonder if whoever is in charge these days will have the kahonies to put out any truthful audited financials. It seems that they have all given up on the original plans going forward. I think I am asking too much from this “fake front door” company, because when the doors open there in nothing behind, just a dirt floor and no roof. POS.

[BPTrader]

It's all Bad Math

[Randy1111]

Believe it when I see it.
Would be a nice change from all the disappointments that have become the norm for the last few years.

[Lottoplay]

Got a feeling there’s BIG NEWS coming any day now! Keep an eye out! ??

[Aarin]

Marvin can start as many companies as he wants but the LIGA failure will follow him.

[Randy1111]

Agree , that they definitely lost their way and no sense to include loyal shareholders what is next. Most are hopeful that this magically makes a run and give a chance to get some of their money back. This group at the reigns is pathetic

[TrackDude]

It seems like a complete restart for them, and I can’t say just the drywall piece is worth the restart. There was hope here at one time, but they lost their way.

[staypuff]

I think the fat lady is singing. Thier BS has led to absolutely nothing over the past few years. I remember the Pr last October about all the exciting news coming and all the updates then the same at the first of the year. Only update is there are no real updates and they are getting ready to yank all of our shares.

[Randy1111]

Dropping like a stone. Gonna freefall to the trips.

[tigerpac]

Super sloppy accounting on the financial statements.

They included $605,675 on the Balance Sheet for the Brentwood, TN land for the period ending 3/31/22. This is land that they SOLD during the period ending 9/30/21. .

Net result is that the company overstated assets by $605K.

[scoobey-do]

Buck Lake Ranch in Angola, IN will be hosting some summer activities according to the web site at https://bucklakeranch.com/ It will be interesting to see how that goes.

[TrackDude]

Never like to see companies RS and then leave a high ceiling for the Authorized Shares. Usually means dilution city

[thehawk72]

That's why a reverse split is usually so damaging. They aren't taking both the AS and OS to 50>1.
Actually, I just looked, the AS doesnt go to 450M, it goes to 450M plus 50M preferred, so really going to 500M.
But for ease
AS 5>1 (closer to 4.8>1)
OS 50>1
Yes, they could use all those extra shares for good, but will they? One of the best things here the past few years is that they couldn't dilute. The problem is, they also couldn't get Forever board monetized (truckloads in April). I lost a ton...time and money((

[scoobey-do]

I don't understand your calculation of the AS vs OS. It is my belief that the AS and OS would reverse split at the same rate or 50>1.

[thehawk72]

OK...
Current AS = 2.4B
Current OS = 2.35B

New structure
AS = 450M
OS = 47M

So....
New AS divided by New OS = a gap of 9.574
9.574*450M = 22.977B

Reducing the OS by 50:1
But only reducing the AS by 5.33:1
The result is the company giving themselves room to dilute to 22.977 billion shares in the current structure. I gave the number 21.6 billion since they are not fully diluted now.

[scoobey-do]

Yes!

[thehawk72]

Having a good math day. Most understand...do I need to explain?

[Randy1111]

They could drop this to the low trips in a heartbeat. That way they are starting over as the worthless company they have always been. This time with less shares. Big woop. Its got lots of time to drop this down. The RS announcement explains alot as to why we are here. Its what we get at a clown show, a whole lotta clowns in a clown car driving aimlessly. Fuck Liga.

[staypuff]

They won’t be audited and if they do give a plan you can probably wipe your ass with it.

[scoobey-do]

The second quarter financial report should be filed on August 15th. Maybe we will get some clue about what is going on with LIGA then. I hope the financials are audited even though they are not the finals for the year.

[ketotrader]

Honestly, I’m just ready for some action. I’m five years invested and just need some closure. Good or bad.

[staypuff]

So that means my break even will then be about .30 which will not have a snowball chance in … of ever being obtained. They will probably follow the stinky pinky norm and reverse then sell more shares to pay for their garbage. By the way what ever happened to the millions from the land sale.

[m_m007]

$LIGA planning a 1 for 50 RS on common shares taking AS to 450 million and OS to 47 Million to prepare for future transactions & joint ventures. Our Security attorneys have submitted our package to FINRA.

Read fillings @ Sec of State of Nevada https://t.co/qmtF8kgDxx

— LIGA (@LIGAssets) July 29, 2022

[scoobey-do]

I hope we receive an up-to-date LIGA business plan soon. Once LIGA makes the reverse-split on October 18, 2022, the business plan will need to support a stock price of $.075 or the value of our holdings will be even less than today's price of $.0015.

[Randy1111]

He was having a bad math day I guess.

[ketotrader]

What are you talking about? It’s reduced from 2.4b to 450m.

[thehawk72]

Not good...that's like taking our current AS from 2.4 billion to 21.6 billion.

[qmc2themoon]

Liga planning on a 1 for 50 RS on common shares taking AS to 495 Million and OS to 46,964,417 Million according to Sec of State NV. Go to $LIGA twitter page to see screenshot Link below

$LIGA Lig planning a 1 for 50 RS on common shares taking AS to 495 million and OS to 46 Million according to Sec of State NV pic.twitter.com/hlhl8OpyeB

— R B (@bol23123) July 28, 2022

[Duffman3242]

Trips incoming too lmao this is a fun ride to watch