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Not quite sure what is expected here now at LIBE. One thing is for certain though is that any ticker that has serial OTC scam artist Clifford Rhee involved in it is doomed from the get go.
And ....some 50 m number that was bandied about, a no show on any 3D at the CES show, and the Dec 31st drop dead date just to name a few.
I am watching and simply want to hear from the CEO via 8k what his plan is on debt reduction . As example do a buy back and offer a special dividend like NLOK .
Thanks magnum, kinda disappointed you're no longer a fellow shareholder here, although I understand your reasons for exiting. GLTU
Agreed, Worse case scenario if they're quiet about news and agenda for very long and there's a pullback. If that happens I will take the opportunity to accumalate more shares but I'm betting on news soon. We shall see. GLTA
I hate to see dilution so quickly although we all know it's coming. This dilution just may be helpful with the current tiny OS especially taking in considerstion that those shares have been issued to management. Having converted their X Shares to common shares they now have a dog in the same fight as the rest of us common share holders. Management might've killed the previous run on purpose "or they just didn't care one way or another" because of their need to get the share restructure process started. Coupled with their silence the last month or two putting their plan in place for the sequence of events that will happen after the split. It seems FINRA delayed the process for about a month. If keeping the price low and silence was apart of their agenda before I imagine that agenda has changed now.Look for substantial news soon imo. Everyone knows what will happen once that news hits now that management has a dog in the investment fight so to speak. Tic Toc Tic Toc
Ugly 15min chart is flagging and finally above all MA 9 20 50 and 200dma. We break above $1 today or tomorrow guarantee it!!!
If The big conversion News yesterday didn’t shake this tree, may not see those tasty twos you were waiting for. Another mystery , can’t wait to hear some “ ceo splainin”
I have no idea and hope the stock never retreats.
Where is the infamous post RS sell off y’all are waiting for?
This all equals up to........a big Congratulations to all that held. This is going to explode now that Rhee and Carter have their ( rightfully due ) common shares issued. The notes may already be paid and all we need is for the news to drop. I have a feeling it’s coming now !!
So is this a good stock to invest in ?
Better to convert now while people are still digesting the recent R/S, than to convert later during a run and killing it.
Now that they converted their preferred stock to common stock, wouldn't they want the PPS to go up?
OM look most if not all pennies would dilute because they dont have the revenue to resolve the notes. Know if NGEN revenue is real they will restructure the notes or have there new lender resolve them.
IMO they will sell off some of the company and bring in some real institutional investors immediately to support hyper growth. So you can play your game of hope the price drops to accumulate or I can play my game of hold wait & see.
Totally relaxed. Once the note holders do their dilution, I may buy back in if the CEO provides some promising guidance.
Is it possible that those X shares were converted to common shares to set up for some sort of share buy back?
Remember Tomorrow
I suggest everyone relax and allow the CEO to explain the companies future .
Nica...I love your optimism. Those were the "founders" of the company. Their shares may be restricted but next up are the convertible note holders. THOSE shares are NOT restricted.
Lol. Any person with a 68 IQ can sell shares while twiddling his thumbs all day. BTW...one cant really say an essentially insolvent co was kept afloat
I am well aware of how he was able to keep LIBE afloat for years without and revenue coming in......... well done Brian !!!
Winters sold shares for years to pay himself quite well for someone who generated almost no revenue. Talk about corporate welfare lol.
Winters had to hold thru the R/S too IMHO as his 2% were restricted for the standard 6 months IMHO
66 million (+ or -) = 39,600 at strike price .0006 =
33,000 shares post split at 1.20 = 39,600
today's close .81 cents times 33,000 = 26,730
Brian is in the same boat IMHO ------- loss of $12,870
Maybe Winters knows what happened to that 50 million deal lol
They're not accumulating when they get shares at a discount thru conversions
The other 50 pct owners have no such restrictions I believe
Sure did. Another RS and crazy upcoming dilution. Sound familiar?
I'm still watching from time to time. I popped on to see if anyone figured it out yet...
Offshore these folks now they cant dilute the stock right now. I'm sure they have been loading last 3weeks. Accumulation is increasing daily.
News on the Horizon!!!
The 10-K isn't a real audit - it is called a review or compilation and the company is responsible for providing accurate and truthful information.
And the history of Carter and Rhee clearly show they are serial scammers and shouldn't be trusted to provide truthful information.
Unless your accountant friend can look at the contracts and verify them - he is using information created and provided by Carter and Rhee.
IG
They cannot sell there share at this point!
From the 8K 1-15-2010
Carter and Rhee are accredited investors, Messrs. Carter and Rhee acquired the securities for investment and not resale, and the Company took appropriate measures to restrict the transfer of the securities.
They are restricted!
No dilution anytime soon!
Funny how Winters was here a couple days before that news drop talking about the value here. Dejavu methinks lol
Awesome now comes the Pump!!! Looks like these notes are the CEO's and Clifford Rhee shares. Can't wait for them to pump there own company stock. Should be a amazing run..
New 35.7M OS equivalent to 71.4B pre-reverse shares
For those of you keeping score at home, NGEN/LIBED's new 35.7M OS is the equivalent of 71.4B pre-RS shares.
I've plugged the new OS into the spreadsheet that I use to make the share chart in the Intro, and it's pretty damn hilarious. I don't have time to update the iBox today, but will do so tomorrow.
I have shared all the documents for libe/NGEN with an accredited accountant!
The 10q is real or the people who filed it may go to prison for falsifying that particular document!
Not my words but his!
You are obviously a very skilled OTC player, in this case I'm betting your wrong!
Good luck to all!
Look, anyone who trades otc knows (textbook) never to hold into an RS. unless it is for uplist prep for nas/dow, that is the sole exception. so a warning about selling? already should have known that like gospel.
most never look at the REASON driving the RS. it is always finance based- to cover existing notes outstanding and to create new dilutive lending opportunities. this is business folks- understand business, be on the right side of business events, and you will increase chances of winning in these markets dramatically.
this company is doing business, sure, and trying to grow. what steps do you think they need to take to achieve success, if any? OTC is all about raising money in secondary finance markets. period.
Yes, you did Magnum. Noted
I exited prior to RS and warned all at that time .
You must be new to penny stock scams - there are fraudulent information filed with the SEC everyday - most are civil complaints rarely does the Justice Department get involved.
Most fraudulent filings on the OTCM are never acted on - the SEC depends on those that do real DD to file a detailed report before taking action.
IG
Darn Nica! They converted not even a week after the split. And that's not even the NOTE HOLDERS who hold millions of shares that can be converted. SMH
Any thoughts on the Series X preferred shares being converted this soon - shareholders have been played once again.
Any defense of Carter and Rhee?
IG
So the $144M in revenue for the first 3 quarters of 2019 is not real?
The 10q is a legal document, falsifying information would result in a lengthy prison term!
Spending $ on getting the reverse stock split done for a scam?
Why bother?
I would expect news on the $50M order should be coming our way any day now.
Good luck to all!
I agree, I didn't expect the Series X shares to be converted this quickly. And that is the answer as to why the A/S was only decreased to 3 Billion.
old news... 2 year hold for insiders..
Wow. I wasn't expecting Series-X conversion this soon
From the 8-K filed with the SEC about 15 minutes ago:
They just issued themselves 35m shares lol
So the $144M in revenue for the first 3 quarters of 2019 is not real?
The 10q is a legal document, falsifying information would result in a lengthy prison term!
Spending $ on getting the reverse stock split done for a scam?
Why bother?
I would expect news on the $50M order should be coming our way any day now.
Good luck to all!
If you held through the split you aren't making money.
IG
Read the history of Carter and Rhee - look at the GRAS disaster they created.
Then they moved to a another scam - LIBE.
Shareholders have endured losses believing the LIBE hype but the NGen hype is hilarious.
IG
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