yep, just getting started. Starting to eat through the 0.0011.

ok, I must of misread a post by another poster.

imgoingfishing, the reason I said he's "beating a dead horse" is that when Troy signed the funding contract it probably had a clause in it that he would not expose the true affiliation of the LLC. If he did expose the LLC I would imagine that would lead to a huge lawsuit. I still believe Troy provided all the necessary funding information as required by law. I simply do not believe Troy is in the position to release the information noquit is demanding. I'm sure Troy is intelligent enough not to release false information regarding the actual funding arrangements.

noquit, you back in?

japurma, extensive research was performed, not just by search engines, to identify "Modesa Enterprises". It is definitely a ghost company name. The Delaware LLC, where the funding was accomplished by LFBG, appears to be legit. However, that has not been substantiated as the CEO will not release the identity of said company. I believe he is not required to do so.

no, noquit is a savy investor who is one of several that lost a lot of money. Noquit's reasoning and accusations concerning the ligalities of this type of funding are definitely justified. We still do not know the full story, and may never know. My post to noquit was simply my opinion based on documention I've read concerning LLC's. Noquit could be right in his accusations, or he could be wrong. We simply do not know at this point.

noquit, I'm sorry but I believe you're beating a dead horse here. the Delaware LLC is a legit company. The members of this company probably randomly selected the Modesa Enterprise label. Troy identified the company as a Delaware LLC. As the poster's brother said, "all the details of the funding were given". I'm sure many public companies received funding from LLC's without identifing the members. In all due respect, you really should move on from this topic. Lets find out how Troy is going to disperse the remaining shares that are left. I still think a r/s is in the planning stages to provide capital for his future endeavors. I do believe the money he'll be betting from the funding is earmarked for another project in the making.

noquit, 0.0012. not 12 cents, that would make a lot of people happy. :)

noquit, I doubt it. Gave those that were interested a chance to get in at 12.

11x12 now, just keeps melting down.

How many shareholders are required to form a Delaware LLC?
First of all, LLC's do not issue shares therefore its owners are not referred to as shareholders. They are known as members.

If the LLC is not shareholders, how can they be selling shares?

But is perfectly legal for LLC's in Delaware to conceal their true identity. There's no doubt Modesa is a cover name as the true members probably do not what their identity revealed. Strange such a law exists, but it does. As Troy opted to accept this funding the contract probably includes the LLC's true identity will not be revealed any further than being called "Modesa Enterprises LLC". Some have moral issues with this type of covert funding, I can understand that, but for Troy it's a way to keep his company productive while building the company's business foundation.

Who cares where the money is coming from, apparently the U.S Government doesn't. Quite a racket for those running these LLC's providing they're not U.S. citizens having to pay taxes.

I don't know, sounds to me Troy was telling the truth about the Delaware LLC. The Modesa company couldn't be located probably because it was never registered, probably just a cover name to hide their identity. For me, the case is closed.

DELAWARE LLC - FAQ's

What is a Delaware Limited Liability Company?
As the name implies the US LLC provides for limited liability to the members. There is no personal liability and therefore personal assets are protected against law suits, etc. The LLC is like a hybrid business entity with some similarities to both the US Corporation and the Partnership.

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Is the Delaware LLC an American Offshore Company?
No. The LLC is not an offshore Company, however when formed by non-US resident and the business is conducted outside the US, the income derived is free from US taxation.

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How many shareholders are required to form a Delaware LLC?
First of all, LLC's do not issue shares therefore its owners are not referred to as shareholders. They are known as members. In the State of Delaware, a LLC may be formed with just one member, however this is not recommended as the IRS will treat the LLC like a sole proprietorship and the favorable tax treatment will be lost. A minimum of 2 members is recommended.

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Why should I as a non-resident US Alien want to form a US LLC?
A LLC is a legal entity recognized globally as a legitimate US Company. Some persons, for their own specific reasons may wish to have such a Company through which to trade and / or invest.

Well then, Troy does not devulge the identity of the funding company or group of investors, maybe he's not obligated, by law, to do so, apparently we don't know that. Even though we suspect that he mislead us to believe it was a Delaware Company, there's really no substantiated proof one way or the other. It's possible we're blowing this whole thing out of purportion. I know this reasoning is very thin, but it's possible given that no smoking gun has been located.

noquit, is there an official document that you have acess to that would substantiate the legality of such funding? At the moment we have many comments on the board referring to this subject that appear to be opinions and not substantiated fact. A document as such would indeed be very helpful.

As that was in one of his 8K updates, wouldn't that have been filed with SEC as being an official statement from the CEO?

noquit, you're right, cannot locate that company.

Left Behind Games Amends Certificate of Incorporation
03/7/2011
Left Behind Games Inc. notified its stockholders of record that the majority of shareholders signed a written consent on February 17, 2011 to vote on the proposal to amend the company's Certificate of Incorporation to increase the authorized common stock from five billion shares to ten billion shares.


I must of missed this notification, should do not remember it.

22-Feb-2011

Entry into a Material Definitive Agreement



Item 1.01 Entry into a Material Agreement.
On February 22, 2011, Left Behind Games, Inc., a Nevada corporation (the "Company"), entered into an Equity Purchase Agreement (the "Agreement") with Modesa Enterprises LLC, a Delaware limited liability company ("Modesa" or the "Investor"), pursuant to which Modesa agreed to purchase up to an aggregate of $10,000,000 of the Company's Common Stock from time to time and upon the election of the Company during the two year term of the Agreement.

Millions of shares today at 0.0012. I can't imagine the total amount of money investors loss with that sell off. If this downward trend continues we may start seeing some class action activity.

He made one serious mistake. He underestimated the investor's resolve.

It's all about $$$$, not religion. That goes for the company and investors. We have two options, buy or sell to prevent further loss or take profit. Troy has various options, which for the most part, that are rarely profitable for the investor as this is a sub-penny stock, dilution and reverse splits are very common among such stocks. It does appear investors are not pleased with the company's direction or its CEO, or maybe both. Will be interesting to see how this unfolds.

Appears to me the "writing on the wall" is reflected in the trading activity. Or is that just MM manipulation?

Troy will just continue blaming others for the stock decline. The tactics he continues to use is truely amazing. However, appears investors are not buying his rhetoric.

13-17 demographic? I can see this fellow talking to his friends about what DVD games they have. "Yea, I have Charlie Church Mouse".

http://www.cnbc.com/id/42212417



Above just out today regarding reverse splits. FWIW.

sespears, received your PM, tks. I agree, it's wrong.

I understand what you're saying marchesv. By using the work "intent" gives him wiggling room to do a r/s at anytime. Most CEOs will not lock themselves into a statement like that without a play of words which provides them a capability to change their minds if necessary.

yep, that's my opinion. Did the CEO actually say "there would NOT be a r/s" in those words? Best you check again.

IMO, this company has r/s written all over it, providing they get approved.

naw, he probably just forgot

Veve sez news coming soon

iwantmoney, exactly, really doesn't matter to me.

iwantmoney, no, have no reason to contact Troy. As I've stated many times before I watch the trading activity, audited financial reports and 8K reports. I do not consider emails a valid vehicle for company reporting, so I place very little importance on them. Just my opinion.

iwantmoney, ok, that's fine. The bottom line is that is your opinion not fact as it cannot be substantiated. I've actually wondered the samething myself, but never brought it up as I could not substantiate it one way or the other, and still can't.

iwantmoney, I have no proof if it's Troy or not. Would you tell what your "fact" is based on?

MH1, my guess is Stericycle started out as an IPO and not a OTC

Ok MM's time to bring the PPS back up some.