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ARTY...fingers crossed that TCA and PVSP have a similar type of settlement!! I know it's difficult for you to accept, but TCA appears to work with its clients. GOOGLE the multiple TCA settlements and forbearance letters.
Settlements have been favorable to all parties!!
LIG Assets, Inc. Agrees to Settlement that Significantly Reduces Debt with No Dilution to Shareholders
Settlement with TCA Global Credit Master Fund settles debt incurred by previous management over 3 years ago
DALLAS, TX--(Marketwired - Nov 22, 2016) - LIG Assets, Inc. (OTC PINK: LIGA) (also known as the "Leader in Green Assets" or "LIGA"), focused on residential and commercial real estate acquisition and development, today announced that it has entered into an agreement with TCA Global Credit Master Fund ("TCA Global") to settle the significant majority of the company's current outstanding debt.
The settlement agreement reduces the outstanding debt to TCA Global by approximately 75% and essentially allows LIG Assets to begin its new business ventures with a fresh start and build assets from this point unencumbered by liens or the potential of ever-increasing debt owed to this lender. Additionally, LIGA shareholders are expected to see no dilution through this settlement.
Terms of the settlement allow LIGA to engage in revenue generating activity for almost 6 months before commencement of monthly payments to pay off the settlement amount. Payments to TCA Global are anticipated to be generated from multiple new business ventures and revenue streams.
Over three years ago, previous LIG Assets management borrowed $500,000 from TCA Global. The debt subsequently accrued interest and penalties that ballooned to over $1 million. It is noted that TCA Global did receive some payments against the original loan.
TCA Global was by far LIG Assets, Inc.'s largest creditor, and all other creditors or claims against LIG Assets have been settled, are in the process of being settled, or management believes can be settled amicably.
Aric Simons, Chief Legal Counsel for LIG Assets, was instrumental in negotiation of the amicable settlement with TCA Global and their representation. Mr. Simons stated, "We are pleased to come to an agreement that benefits all parties, and appreciate everyone related to TCA Global for working with us on a fair settlement."
Previous management of LIG Assets, Inc. will be responsible for paying over half of the reduced negotiated settlement over a two-year time frame. Again, no dilution to LIGA stock occurred or is expected to occur from this Settlement Agreement, and no payment in cash or stock was made to previous management for this commitment. As long as LIG Assets abides by the terms of the agreement, it owes TCA Global only a remaining $220,000 over the next two years for its portion of the settlement.
Are we still the same price as every week for the last twelve months? Lmfao is the company using any electric? No? Ah well let me know when they switch the light on.
that is bs notes were not paid, the rate was 18% not 5% as you stated..lie lie lie lie
Convertible debt with a fixed conversion rate
At August 31 , 2016 and November 30, 2015, the Company owed a lender $138,000, in connection with two notes that are past due, are in default, bear a default interest rate of 18% per annum, and are convertible at prices of $0.015 and $0.02 cents per share.
they do not have enough money to buy a pot to piss in,,,what a crooked company a bunch of stealing crooks..
your wrong again as you stated its was 1 million here is the truth its in the last 10q they posted. yepppers $10 million...company garbage
Note 2 – Going Concern Matters and Realization of Assets
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the ordinary course of business. However, the Company has sustained substantial losses from its operations in recent years and as of August 31, 2016, the Company has negative working capital of $9,853,596 and a stockholders’ deficit of $10,399,353. In addition, the Company is unable to meet its obligations as they become due and sustain its operations.
yes 10 million they screwed their own lenders and you can see their in a lawsuit.
correct no product ,no sales,no revenue, no legit office ,no employees,no volume,dishonest crooked ceo, no money, and 3.78 billion of worthless shares. growbig was closed it was all a scam.
imho and what ceo paul riss has done in the failed 6 yrs,is crooked as they get...
Note 2 – Going Concern Matters and Realization of Assets
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the ordinary course of business. However, the Company has sustained substantial losses from its operations in recent years and as of August 31, 2016, the Company has negative working capital of $9,853,596 and a stockholders’ deficit of $10,399,353. In addition, the Company is unable to meet its obligations as they become due and sustain its operations.
Exactly like 98% of all penny stocks, cut and paste is certainly boring when constantly reposted, it is usually printed by those precipitous traders who did not take the time to DD prior to losing money on a trade. 95% of these posters are looking for a scapegoat to shelter their own inadequacy re trading. Very sad
PVSPCANARYCANALYTI$$$$$$$$$$$$
August 31, 2016, the Company has negative working capital of $9,853,596 and a stockholders’ deficit of $10,399,353. In addition, the Company is unable to meet its obligations as they become due and sustain its operations.
read this and also look up the lawsuits that are pending ,,see how he does nothing but screw his lenders just like he screw his shareholders..
ceo paul riss is a crooked thief period .
Note 2 – Going Concern Matters and Realization of Assets
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the ordinary course of business. However, the Company has sustained substantial losses from its operations in recent years and as of August 31, 2016, the Company has negative working capital of $9,853,596 and a stockholders’ deficit of $10,399,353. In addition, the Company is unable to meet its obligations as they become due and sustain its operations.
The Company may not be able to raise sufficient additional debt, equity or other cash on acceptable terms, if at all. Failure to generate sufficient revenues, achieve certain other business plan objectives or raise additional funds could have a material adverse effect on the Company’s results of operations, cash flows and financial position, including its ability to continue as a going concern, and may require it to significantly reduce, reorganize, discontinue or shut down its operations.
In view of the matters described above, recoverability of a major portion of the recorded asset amounts shown in the accompanying balance sheet is dependent upon continued operations of the Company which, in turn, is dependent upon the Company’s ability to meet its financing requirements on a continuing basis, and to succeed in its future operations. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue in its existence. Management’s plans include efforts to preserve current revenue sources, develop new revenue sources and negotiate further debt reductions with creditors.
There can be no assurance that the Company will be able to achieve its business plan objectives or be able to achieve or maintain cash-flow-positive operating results. If the Company is unable to generate adequate funds from operations or raise sufficient additional funds, the Company may not be able to repay its existing debt, continue to operate its network, respond to competitive pressures or fund its operations. As a result, the Company may be required to significantly reduce, reorganize, discontinue or shut down its operations. The financial statements do not include any adjustments that might result from this uncertainty.
they can sugar coat it all they want , but mr crooked failing ceo paul riss will always be a scum lying stealing crook.
just do your research on the last 6 yrs of this pile of crap see the billions of worthless shares out there, millions in debt,loans not paid,lawsuits.....how much more proof does one need ..
ceo ,paul lying crooked riss should be in jail period .
once the lawsuits are done and he adds billions more to the 3.78 billion already. he will find another scam he will try to sell ..
once a crook always a crook.....read the 10-q beofre you lose money in this crap . and again 10-q and the performance do not lie let alone the lawsuits...paul riss is scum and a crook......
ARTY...not going to happen like you wish!! TCA settles and restructures with other clients.
Appears they FUND the same companies they sued.
GOOGLE TCA FORBEARANCE LETTER??
Study their history of suits and settlements
They seem to settle many of these cases with their clients, favorable for both sides.
Waiting on the announcement re: PVSP!! Which means what you are hoping for will never happen in our lifetime.
So, do you consider that 4 billion new dilutive PVSP shares would be a fair price for the $1,164,460.50 plus interest that TCA Global is claiming ?
It is extremely unlikely that Pervasip will find new toxic funding as long as their TCA Global default is not settled. Among others, the TCA Global loan is guaranteed by all of Pervasip's assets.
All of the lenders settle, it's part of the high stakes/profitable toxic lender business. They are not subjected to regulatory parameters that force banks/hedge fund bond holders to foreclose. What's in it for them to close down a penny stock, NADA; what's in it for them to keep it going into a new direction, $$$$$!!!!! We have seen this scenario play out positively with Riss a few times. Ready for another round!!!
PVSPCANARYCANALYTIX:)$$$$$:):):)
ARTY...Appears TCA settles and restructures with other clients.
GOOGLE TCA FORBEARANCE LETTER??
They seem to settle many of these cases with their clients, favorable for both sides.
Waiting on the announcement re: PVSP!! Which means what you are hoping for will never happen in our lifetime.
All the negative issues already PRICED in.
Price already reflects all of those issues, look forward, passing means nothing to future success.
How's the lawsuit against Pervasip's going ?
Will it be settled for a few billions dilutive PVSP shares ?
one can not deny it was the same promoter , from pvsp ,vstr,gers. AND AS ALL CAN SEE 100% FACT . ITS ALL GARBAGE.
ITS FUNNY TO SEE PEOPLE DEFEND A CROOK LIKE FAILING PAUL RISS...
the ceo has done nothing but fail period,,, 10-q does not lie and the
3.78 billions of worth piece of crap SHARES do not lie either.....
CALL THE CHURCH 914-761-6038 they will preach to you they have faiTh in paul crooked riss.....after 6 yrs of destruction and they still believe..
yea and santa claus is real....ceo a crook and one can not denY the destruction he has caused from his bs and crookedness.....good luck
i will wait till this crook post some more of another round of his bs.
it will be bs news like always...
remember once a crook always a crook.....
+
your a crook mr failing ceo paul riss and i will as long as i can let people beware of the pile crookedness you are....
your record for the last 5 yrs proves everything 100% you crook.
billions of shares no volume and millions in debt,,they can not even pay their bills. a churches address , nothing but a scam
In 2016, the Company operated in one segment, providing gardening products and analytical services to home and commercial gardeners.
Note 2 – Going Concern Matters and Realization of Assets
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the ordinary course of business. However, the Company has sustained substantial losses from its operations in recent years and as of May 31, 2016, the Company has negative working capital of $9,408,932 and a stockholders’ deficit of $9,850,898. In addition, the Company is unable to meet its obligations as they become due and sustain its operations. The Company believes that its existing cash resources are not sufficient to fund its continuing operating losses, debt payments and working capital requirements.
The Company may not be able to raise sufficient additional debt, equity or other cash on acceptable terms, if at all. Failure to generate sufficient revenues, achieve certain other business plan objectives or raise additional funds could have a material adverse effect on the Company’s results of operations, cash flows and financial position, including its ability to continue as a going concern, and may require it to significantly reduce, reorganize, discontinue or shut down its operations.
yes i agree ,,but pvsp is still a pile of crap scam company .
no product , no revenues and no sales..they dont even have a building let alone employees.....funny crap
ceo is not a great guy , he is a crook lying scum bag...i know you made money blah blah blah
but pvsp is garbage and were still waiting for your info how this is a good buy when ceo crooked paul riss has proven 100% to fail with everything in the last 6 yrs......
I don't know if he is a good guy nor do I care. However, the vast majority of good traders have made fair and a few times very substantial profits. Most Qtrs through 2014 provided 2+ baggers for day traders despite the fake news or lapse of memories. 2015 provided one of those few whopper trades with a 3500% run. 2016 was the only dry year since I started in 2009 with 2017 starting off with a 100% run to date with the best trade in pennyland, trip 1 to trip 2 providing profit and free stock.
PVSPCANARYCANALYTIX $$$$$$$$$
IMHO the CEO is great guy trying hard to right the ship
He is getting there, just taking a little longer than most expected, few curve balls along the way.
imho ceo is a crook and a lying thief and has scammed many people for many years... mr ceo has nothing to posts because he does not have another plan to burn people for another round. AFTER SO MANY YEARS OF SCAMS HE HAS RAN OUT OF CROOKED IDEAS . DO NOT BUY THIS CHIT YOU WILL GET BURNED.
REMEMBER BILLIONS OF SHARES AND MILLIONS IN DEBT , ceo is crooked imho
Company has sustained substantial losses from its operations in recent years and as of May 31, 2016, the Company has negative working capital of $9,408,932 and a stockholders’ deficit of $9,850,898. In addition, the Company is unable to meet its obligations as they become due and sustain its operations. The Company believes that its existing cash resources are not sufficient to fund its continuing operating losses, debt payments and working capital requirements.
Thought I would check in and see if aythings changed in the last TWO years and oh look share price is the same. No prs . No reporting.no Nothing. See you ALL in two more years. Even mr sherman is like a stopped clock .its right sometimes.lmfai
crooked failed ceo paul riss, please put some news out we want a good laugh on your bs. imho and what he has proven mr crooked riss is nothing but a thief and a crook ......
know one will trust you mr crooked ceo failed lying stealing paul riss..
What exactly has he done?
then i would say paul riss lied to you its not 1 million its $9,850,898 million. looks like the lies never end with this ceo.
In 2016, the Company operated in one segment, providing gardening products and analytical services to home and commercial gardeners.
Note 2 – Going Concern Matters and Realization of Assets
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the ordinary course of business. However, the Company has sustained substantial losses from its operations in recent years and as of May 31, 2016, the Company has negative working capital of $9,408,932 and a stockholders’ deficit of $9,850,898. In addition, the Company is unable to meet its obligations as they become due and sustain its operations. The Company believes that its existing cash resources are not sufficient to fund its continuing operating losses, debt payments and working capital requirements.
The Company may not be able to raise sufficient additional debt, equity or other cash on acceptable terms, if at all. Failure to generate sufficient revenues, achieve certain other business plan objectives or raise additional funds could have a material adverse effect on the Company’s results of operations, cash flows and financial position, including its ability to continue as a going concern, and may require it to significantly reduce, reorganize, discontinue or shut down its operations.
CALL ceo crooked failed paul riss,,imho they can not come up with any more bs to post .its going to be tough because of all the lies they put out before and after 5 yrs plus people are aware of his scams...
pvsp is dead in the water and has ran out of scams.....so use this pile of proven 100% fact of a worthless company as a tax write off i did..
paul riss for jail 2017...
LOL . . . not missing anything here.
And the death crush to zero !!!! PVSPTOOOOOOOOOOOOOOOOOOOOMMMMMBBBAAAAA(*)(*)(*)(*)(*)(*)(*)
Yes, you are correct as it is ONLY about the trade, 98% of: penny CEOs are similar, penny stock fundamentals are similar and the dilutive financing is eventual and similar!! And yet, one chooses to gamble their money and spend their time here in pennyland; I don't need to ask one why, more bang for the buck if you play by the rules just like the blackjack table. The rules are the rules, you don't take a hit at the table because another player suggests it because if he sits downwind on the table then he has something to gain by you taking or not taking a card. If one was ahead on the last run here with a great profit which, I think the vast majority were, and listened to those selling rather than sticking with the rules then one only has themselves to blame for not protecting their principle and playing a bad hand. Despite whatever pennyland CEOs do or not do, they don't tell you when to buy, hold or fold nor to continue catching the proverbial 'falling knife'. This, of course, always leads one back to the basic principle of gambling, GREED KILLS, which in turn then leads to a basic human defense when faced with loss and failure, 'it's something or someone else's fault!!!!!
PVSPCANARYCANALYTIX $$$$
News Flash: Companies that trade at .0001 are not Solid!
Who would have figured companies that trade on the pink sheets and trade at .0001 per share for years, may not be SOLID Companies, wow what new insight.
Is this a correct statement?
"crooked failed paul riss and kevin k just need to go to prison"
yes i was supporting back then until how much of a scam i found out this to be paul ,azam and kevin. all scum bags and will steal any penny or dollar they can ... pvsp is not a good solid company period and will never be trusted as long as paul riss and kevin k are part of this crooked company and even if their janitors.... good luck and stay far away from pvsp you will get burned like many good people have off of lies and bs scam.....
dozen will love to see mr crooked failed paul riss in jail...
YES, OF COURSE MANY MADE MONEY. BUT NOT ON A SOLID COMPANY
yes all about the trade and again as a solid company this is a proven scam... 5 yrs complete lies and 100% proven failures...
paul crooked failed riss 100% proven scam...
ANY NEWS THAT THEY POST FROM THE PROVEN PAST WILL BE 99.99% BS
good luck , ceo riss is all about himself and kevin k also...
they have both proven 100% to fail .
only reason for some to pump this for several years even tho its failed, is to dump shares they have gotten at rock bottom prices...
remember shares will be added to the 3.78 billion ,then rs and finally bk....
good luck you been warned,
they will have to push 100 to 200 millions shares a day , only problem many have 100s of millions in the triple and will dump.. ceo did it to himself and No ONE will trust him.....5yrs of bs
only thing i see millions more added to the 3.78 billion then rs..
MARK IT THIS WILL NEVER LEAVE THE TRIPLES. one person alone is holding 500 million himself at .0001 and others holding more....
as we can all see in the last 5 yrs everything has gone down the toilet , YES many made money will get that out of the way....but again as a solid company has proven again and again too FAIL 100%..
The FAIL is strong in that one.
CEO is finally getting it done!!
Doesn't matter how many times you fail at something, only that you win eventually, and these guys don't quit, they get back up and keep swinging for the fence.
Too funny, "billions and billions"; dramatic four sure!!!!!
PVSPCANARYCANALYTIX $$$$$$$
2 years ago, and the billions and billions of shares didn't exist until after the pump and dump...good play 2 years ago, lots of stories told, going on 2 years of absolute dormancy, nothing here just 2 losers, Riss and KK, without a new story to tell, nothing but shuttered businesses, and, of course don't forget the millions in court ordered lawsuits, still owed, that also didn't exist before the P and D, 2 years ago...
Billions of shares before the last run, and then a 3500% increase that a fourth grader can make a profit on, LOL
PVSPCANARYCANALYTIX)$$$$$$$$)))$$
Funny, all about the trade!!!!!!
PVSPCANARYCANALYTIX $)$$)$$)$$
Yet, supported by all facts...the p and d happened 2 years ago, nothing left, supported by all facts, literally nothing, but billions and billions of shares printed, and millions and millions owed via court order, cash, can't even satisfy with more worthless paper, also, supported by facts...
Very ridiculous, fake news again. Lol
PVSPCANARYCANALYTIX $$$
No one said a word about it before it ran, it was dead, but, that was many billions of shares ago, millions and millions of dollars lost in lawsuits, and multiple shuttered make believe businesses, can't happen again, KK and Riss did their raping, as always, already working on new victims elsewhere...
Has been, past tense, not in the past 2 years though...
Is this a correct statement?
"crooked failed paul riss and kevin k just need to go to prison"
"yes i agree some made money", one should know why they buy something to trade/resell, the usual answer is to MAKE MONEY or as a collector; the latter is not a good strategy for penny stocks unless someone's desire and greed for get rich quick schemes overshadow the obvious and historical market trends in all facets of buying and selling anything in any business. Group speak such as going to .25+ is infectious to neophytes and their get rich quick mentality. Ask some here, the infectious group speak knows no boundary and crosses international borders. PVSPCANARYCANALYTIX
Sorry for your losses but there is much to learn in trading 101 along with experience. Your fake news about so many losing money is just that plus some very sour grapes at buying in at the top of runs and buying the bottoms that were really the middles. Patience would have bold well although this too is part of experience. Buy high, hold and sell at the bottom is just not how it works. Additionally, I can comfortably state in the 10s of thousands here with just two of the runs, my first run wherein I sold your stock st .05+ and the last run with good but not quite as substantial trades in between. Patiently waiting for another and thanks for your concern.
PVSPCANARYCANALYTIX $$$$$$$:):):)LLLL
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