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Likely sold a little at a loss in hopes of scaring up a few more cheap shares.
I agree, but punks do it for 30.00 bucks. And that's a fact.
Not sure I follow you on this one. No one got shares for cheaper than .002 and most a little higher. Do you think they sold their .002's @ .0025??
Not much money in that game!
I couldn't resist either.Luxd ridiculously cheap right now, scooped them up and wait for the ride back up to .01+
IMO
The Frontloader Yesterday Whacked At The End Of The Day And Today. He Should Be Gone!
I'm accumulating…
LUXD
Nice... nab some 25's today...
Fully reporting OTC QB at these levels with a reverse merger in the wings ... selling at these levels blows my mind.
Some nice DD here from the EZMONEY ED AND FRIENDS PICKS board
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74488541
LUXD Due Diligence:
Use the following link to check on the latest SEC filings for LUXD:
insert-text-here
Timeline:
- July 11th, 2011: 51,539,223 O/S, 83.5% of the entire O/S is held by insiders. From the 10-Q: "The Company is currently in negotiation to do a reverse merger with a larger Company with far greater liquidity then Lux". Stock prices jumps as a result, but is fairly illiquid after initials large buys
- August 10th, 2011: "the Company converted $31,500 of the loan to 9,729,478 shares of common stock." The convertible note in question is a $70,000 loan that can be converted via common stock. Total conversion $ = $41,500, which leaves $28,500 to be converted. These shares are brought to market in pieces everyday, resulting in greater liquidity for stock movement and slight dilution.
- October 14th, 2011: S-8 is filed; our company sets up a payment with our CEO for services rendered - 1,250,000 shares per quarter (for at least 1 year). This agreement took place on September 17th and notes that 50,000,000 total shares are authorized for the future (but are restricted for the time being). My initial reaction is that a potential R/M candidate could use the remaining shares in that authorization to buy most of the company's majority without diluting into the market, but this has not come to fruition (yet).
-- It's also important to note that there was an error in the S-8 that linked us with an Imaging company. This error was corrected shortly thereafter. Also, the S-8 reveals that as of August 31th, there was 67,541,023 shares of common stock outstanding. This means that between August 10th and August 31th, an additional 6,272,322 shares were added (assuming roughly 51M + 9.7M before). Estimating a 75% increase in stock price from the 10th to the 31st (and using .0032 as the conversion rate, based off of $31,500 and approx 9.7M shares issued), I calculate that the rest of the $28,500 loan was paid off, thereby providing a clean shell for a potential R/M.
- November 29th, 2011: the 10-K is filed and confirms what many on the board were wondering: the original R/M fell through. HOWEVER, the 10-K provides the following paragraphs that depict a new scenario:
"In its latest fiscal year the Company has negotiations with several Companies regarding acquisitions and reverse mergers. In June the Company entered into negotiations with a Company in the digital online advertising business and signed a non-binding Letter of Intent to acquire the business via a reverse merger. After extensive due diligence the Company was unable to confirm the Financial Statements presented by the business and the Company had to terminate negotiations. The prospective acquisition also failed to pay the legal expenses accrued in connection with the proposed transaction defaulting on their written agreement to absorb all of these costs leaving the Company with a substantial liability. The Company intends to file an action against the business to recover its legal expenses and other damages.
As of mid November 2011 the Company has had extensive negotiations and is actively conducting due diligence on a new, prospective reverse merger with a company that is in a related entertainment field and which holds several, important assets. As of mid November the talks and negotiations were continuing but no formal agreement has been reached and there is no assurance that agreement will be reached.
The Company has not been successful raising any new capital except for a small Convertible Note and has limited liquidity in its publicly traded shares and although we continue to explore various merger opportunities we have not yet formalized a transaction. Without far greater liquidity or new outside investment it will be very difficult to grow the Company in any meaningful way in the near term as the Company will be solely reliant on generating income from its motion picture properties and assets. The Company is also, currently, exploring and considering several potential options to re-capitalize the Company, to the long term benefit of shareholders, including possible mergers, as described herein, and/or share distributions, which may substantially dilute share holders and which may result in the Company installing new management and, potentially, operating new businesses."
In my opinion, this means that LUXD shielded us (and themselves) from a bad deal! It also depicts that LUXD does not have the cash power to continue funding new movies, but can most likely finish the ones currently in production. This means that LUXD will be very active in finding a suitable merger/reverse merger - more liquidity for the company(ies). News could be released of this new reverse merger at any time. Also, as italicized above, the company has taken on the additional liability that was associated with this bad deal. I expect that the company will handle this and have this liability removed from the books as soon as legal proceedings take place.
Some other takeaways from the 10-K:
1.) "At November 27, 2011, there were 69,191,023 shares of Registrant's ordinary shares outstanding."
2.) "The balance due on the convertible note payable was $28,500 as of August 31, 2011. Subsequent to the end of the fiscal year, in early September 2011 the Note holder fully converted the Note and the debt has been fully paid. The Company has, subsequent to the end of its fiscal year on September 27, 2011, entered into a new agreement with the Investor for a Convertible Note for $78,500 on similar terms as the prior Note."
** LUXD looks to be cash-infusing many of their projects with this new loan, which won't be convertible for the foreseeable future.
3.) This will be lengthy, as I have been piecing it together for some time now:
"The Company, at the request of its principal shareholder, the holder of all previously issued Preferred Stock, in a Corporate Resolution to be effective November 28, 2011 converted the 2,500,000 Preferred Shares to 25,000,000 common shares and issued the new common shares to Lux Digital Pictures GmbH Partners to effectuate the original intent of issuance. The Company also issued, in the same Resolution to be effective November 29, 2011, 34,200,000 new common shares to its principal shareholder Lux Digital Pictures GmbH to fully satisfy the terms and conditions of an anti-dilution provision contained in the agreement dated June 8, 2008 by and between the Company and Lux Digital Pictures GmbH Partners."
The principal shareholder previously owned 38.5M shares in the company - the controlling interest. Our CEO is the operating manager for him (and it might be him as well). The principal shareholder also held 100% of all outstanding preferred shares. Because controlling interest was being diluted (38.5M against close to 70M total O/S), the controlling interest wanted to make sure that further dilution to pay consultants, etc (before a R/M takes place) does not result in him losing control of the company.
The math: the principal shareholder owned 38.5M shares and now adds 25M common shares (10:1 conversion from the preferred) and 34.2M, as enacted by a dilutive clause in the original agreement. This means the principal shareholder now controls 97.7M shares of the company. The Coleman Family Trust remains locked in with 5M shares, meaning that the total amount that the directors and executive officers own is 102.7M shares. It also means that our O/S has increased, but our float remains the same.
Adding these numbers to the new O/S, we come to a final total of 128,391,023 shares. Insiders hold 80% of all outstanding common stock and the float is 25,691,023 shares. Since no director or EO has ever sold their shares, I don't expect them to now. This is purely a measure to make sure that controlling interest remains with them. I think that the reason the PPS dropped right after the filing was due to this conversion. Yes, there has been dilution, but the float remains the same and the need for a R/M remains.
This is where we are as of today. I hope shareholders and potential shareholders will take the time to immerse themselves in this research, as well as confirm with your own DD. Remember, trade at your own risk and make sure you do your own DD! Every move the company has made, they have made with us in mind. If they didn't care, they would have taken the 1st R/N deal (a bad one). Instead, I think we will see progress made in the next 10-Q filing in mid-January. And if they report that another deal has fallen through, I will remain with this company because they have always looked out for shareholders and they are in need of the R/M. It's only a matter of time! Are you patient enough to wait until that time arrives? :)
LOL....IS THAT a long version of my name snizzle...clamari aka cajari..funni
I was at the gym with calamari and Luxd just exploded in volume by the time we got back! Something is definitely up as we have not seen that type of volume in months and months!!!going to get interesting....from the looks of today!
Glta
Just a matter of time now. We must be getting really close.
Yep, big day for Luxd volume wise.....most of it being on the ask!
Wow!!! 6.9mm Volume... LUXD
T-trade for 2.3 mil. .? Somebody knows something....we must be close to the r/m!! Glta
no doubt that this baby has the.20 potential..gl all patienly wating and adding while waiting on the confimation of the r/m
That outside advisor is Stephen Kern. He is the guy who sold LUXD these crappy movie businesses back in 2008, Vega 7 Entertainment.
http://www.secinfo.com/d1cZY7.tb.a.htm#1stPage
wtf i go to the gym ....and kaaboom..damn this always happento me i was hoping to get some 20ss my funds cleared 2morrow ....and some greedy buys had to beat me to them....why me...i have enough 30ss i want 20sssssss
LUXD: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8545116
The Company hired an outside advisor during the 1 st Quarter of its fiscal 2012 to help it develop strategies, review opportunities and evaluate affiliate assets and in early April 2012 the Company was in active negotiations with a business to do a reverse merger via an asset acquisition or other combination. As of this filing there were, however, no binding agreements in place nor is there any assurance that such a transaction will occur in the near future.
Nice action here today. Looking into buying some.
Agreed, just being real though. The first R/M fell through leaving many holding the bag here. This has been and continues to be a long term play imo.
I would expect something to happen in a few days/weeks but I don't hold anything that long...I'll give it a little bit and try to get in touch with the company...nice 10-Q filing aside from just that R/M mention and good share structure & chart too IMO.
Very welcome, your timing was impecable Just the start of good things to come IMO.
Should be a fun mid to longer term penny play IMO , yes pennies.
Oh okay, guess that's why you'll be holding for a couple days...that imminent huh?
Looks pretty imminent: " and in early April 2012 the Company was in active negotiations with a business to do a reverse merger"
I did see that but nothing imminent at this time. Here's hoping for the best, been here a long time...LOL
The last 10-Q said they are in active negotiations to do a R/M
Thanks for the alert TEFFY
I was trying sell another position to take all the 2's... what I get for not whacking... LOL I'm not greedy, glad to share...
LUXD
What makes you think this could be a big R/M? From the last 10k As of this filing there were, however, no binding agreements in place nor is there
any assurance that such a transaction will occur in the near future. I'm in this one at a much higher pps, any thoughts would be greatly appreciated. Go LUXD
Patience will pay off nicely with Lux Digital... IMO
LUXD
Man, you snagged more than me at those levels
Exactly, they have filings, thats why I bought
LUXD - added .002 was going to take all 540K but couldn't clear funds in time.
LUXD - 10:50:59
Bought 200000s @ $0.002 - Total: $409.99
LUXD has some nice movement this morning
Please wake me when we cross a dime. Thanks in advance. MN
Now LUXD is ready fer lift off "
Filings are a good driver fer a start.
LUXD @ .0045!
You gotta admit that filing is definitely nice... and the o/s is pretty low.
GO GO GADGET TIME, getem while their cheap Just added again myself, paid higher than I wanted, but its all good
Gonna hold this one for a few days/weeks and see what happens, and get in touch with the company. Thinking this could be a BIG R/M...this ran to pennies last year & I think this time could be much bigger.
LUXD @ .0041!
wow talk about grabbing 0.002 just in the nick of time
Looks like the start of a nice run to me.
.004 getting smashed!!
hdsstocks is loading up too!!!
Ty much appreciated, 0.002 are gone and TEFFY got some
Looking forward to adding daily,
Thank you.
The 10Q says it all amigo. The cash in the bank is going up and not down. They are loading up for a reason. The people behind LUXD are good people. The 10Q is and will be the spring board. MN
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NEW MERGER COMING IN SOON
"F SQUARED HEMP" INTO TSMI
http://www.fsquaredcbd.com/
https://www.bizapedia.com/mt/f-squared-hemp-llc.html
CEO John S. Flynn has been an entrepreneur for his entire working life. He has grown four companies as a principal investor to as many as one thousand employees, in four different industries; environmental services, computer services, specialty financial services and transportation and logistics services. He founded Xpress-1, (NY Stock Exchange XPO) in 2001 as Segmentz. The Company is now a nearly six-billion-dollar market value company, that is an international leader in business logistics and support services. Between 2013-2017 John was an advisor to the Board of directors of Lyneer Staffing assisting management in growth from $100M in revenues and $1M in EBITDA to over $300M and $16M in four years before it was sold to a private equity firm. Mr. Flynn attended Cornell University.
https://www.linkedin.com/in/john-flynn-6537607/
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CFO Michael Hill has been the Chairman of the Board of Directors, President, Chief Financial Officer, and Corporate Secretary of Total Sports Media, Inc. (formerly known as StreamTrack, Inc.). since May 2012. He is also the co-founder of RadioLoyalty, Inc., a digital media and streaming solutions provider with innovative technology focused on the internet, mobile, radio and television broadcasting industries which was acquired by StreamTrack’s wholly owned subsidiary, StreamTrack Media, Inc., a California corporation (“STMI”), in August 2012. Mr. Hill has been the Chief Financial Officer, Corporate Secretary, and Chairman of the Board of Directors of STMI since its inception and was the Chief Executive Officer and President of STMI from its inception to September 2012. Mr. Hill is a seasoned media executive with over 15 years of experience building digital businesses. Prior to launching RadioLoyalty in 2011, Mr. Hill was the Chief Strategy Officer of Lenco Mobile, Inc., a global mobile technology services and marketing company. His primary responsibilities were to oversee the development, deployment and launch of international offices in United Kingdom, Mexico, Colombia, Singapore, New Zealand, China, South Korea and Australia. Simultaneously, Mr. Hill was responsible for the technology design, development, launch and implementation of its MMS Messaging Platform with the world’s largest wireless carriers. Before joining Lenco Mobile, Mr. Hill founded AdMax Media in 2008, an advertising technology company where he developed an advertising network software, Admaximizer.com. From 2004 until 2008, Mr. Hill served as the Chairman and Chief Executive Officer of Commerce Planet. In 2008, both businesses were sold to a public company, Lenco Mobile Inc., which purchased all assets and liabilities, establishing the AdMax Media operation. A veteran of online advertising, Mr. Hill has founded multiple other private technology and media companies. Mr. Hill has designed and developed many proprietary technology platforms, including but not limited to UniversalPlayer TM, RadioLoyalty TM, Admaximizer TM, WatchThis TM, Jupiter MMS TM, and Build.mobi. Prior to this work, Mr. Hill served in the United States Navy, receiving the honor of Enlisted Surface Warfare Specialist.
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Director Aaron Gravitz co-founded RadioLoyalty Inc. in 2011. He has been a director of the Company since September 2012 and the Chief Executive Officer of STMI since September 2012. He has over 16 years experience in the online advertising space. Prior to co-founding RadioLoyalty, Inc., he was the Chief Operating Officer of Lenco Media Inc. from January 2011 to September 2012 and the Chief Operating officer of AdMax Media Inc. from January 2010 to January 2011. Mr. Gravitz joined Commerce Planet in 2004, serving in various roles, and ultimately as Chief Operating Officer. Mr. Gravitz has significant experience in operating an advertising network, bringing products to market, and managing the entire media buying and selling process. His track record includes founding multiple companies that grew to over 50 million dollars in combined sales, with several leading to acquisition. Mr. Gravitz’s current responsibilities at the Company include, but are not limited to, directing operations, overseeing media buying and sales, product development, managing strategic relationships, directing customer relations, and broadcaster development. Mr. Gravitz received a bachelor’s degree in public policy and ethics from the University of California Santa Barbara in 2004.
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A/S 40,000,000 Nov 2016
O/S 9,004,564 Nov 2017
Post # of 30847 Courtesy of DryLightning |
Quote:
Zirk de Maison installed some of these associates as officers and directors of Gepco while he secretly ran the company behind the scenes. Collectively, they amassed large blocks of shares of Gepco common stock while the de Maisons manipulated the market to create the appearance of genuine investor demand, allowing an associate to sell his stock at inflated prices to make hundreds of thousands of dollars in illicit profits.
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The Commission alleges that Subaye and Crane misrepresented the company’s business and operations, deceived the company’s auditors, and misled investors about the company’s true status and revenues. According to the complaint, Subaye claimed to be operating a cloud computing business but investigations found no evidence of such a business.
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