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I am curious what additional suggestions you have that might help us all. Are there any ideas you feel the company should probably try?
Here is a post from the recent PR from the stock UBR*. I wish LFBG would release a PR like this:
"The company's five value part plan includes major objectives to accelerate its plans to generate earnings, reducing operating costs, raising more investment capital, improving its competitive position, and creating strong business fundamentals. The company will implement these actions over the next 1 to 12 months, to enable its shareholders to determine the performance and potential of the company."
"These strategies are designed to unlock the full potential and position the company for long-term growth and profitability. We are in discussions with our investment bankers to obtain capital from institutional investors."
"Although our operating margins are presently thin, the situation was similar with many companies like Amazon.com and Wal-Mart, who were generating revenues for many years before they started to generate positive earnings. Their shareholders had a long-term investment outlook, kept their positions in those companies and were rewarded."
I feel the same way too. Troy and Mr. Jerome Mikolovich both responded to me several times last fall regarding various ideas I had and I also let them both know that I noticed the LFBG games were not displayed well in Family Christian Stores. They appreciated the feedback. I had submitted about 20 or so different game ideas to LFBG. Troy responded he liked the ideas but it cost money to do them. Additionally I informed Troy last October that better packaging would bring about more interest to include up close pictures of the main characters within the game. A 3D game is what people want to see.
I do believe Troy is sincere in wanting the company to succeed. Perhaps because of the finance issues, the stock price dwindling, and the numerous marketing/distribution channels and production he has to keep up with, along with the negative sentiment about the share price, could be the reason Troy has to seem a little cold-hearted at times in his replies. Imagine if you had several hundred people coming at you about the declining share price and share structure on a daily basis for a year.
I hope that one day LFBG does make it. There was even talk of a Left Behind movie to the big screen as a big production. I don't know where that stands now. As noted earlier, it is easy to get caught up in negativity with declining share price. Troy mentioned in a previous Q & A that a way shareholders can help LFBG is to get the word out about the games. He also last year, privately asked me about ways to expand social media. This was before the purchase of MyPraise.
At times during my MBA classes, I forward ideas I learned in those courses to Troy. Well after those classes not during those classes. :) One idea I forwarded was the word Chindia where 40% of the worlds population is in China and India and that those are great countries to market games. Troy agreed and noted that he wants to expand internationally in the next couple of years or so.
I'd say the best thing you can do is think out of the box and forward those ideas to the LFBG contact page and get the ideas to Troy. You never know what might strike. Additionally, in the past many of us promoted LFBG to radio stations, magazines, international organizations etc... We should continue to do so. I want the word of Christ to spread as well as make $$$ in this stock to help others as well as my friends and family. After the Nov. 16 webinar, I thought we would launch forward and assumed that in a years time (where we are now), that the stock would be .05 or so. It didn't happen that way unfortunately but the ballgame is not over yet. We have a way to go and continuing to funnel new ideas to Troy is crucial. At this point, we can't go too much lower. It really stinks where we are but that's where we are. I do believe that communications could have been better by Troy and that it was a bad idea to cancel the March webinar and the monthly Q & A feedbacks. Better communication with the shareholders is important at this time.
He answered a few investor questions with the last 8K so I don't truly understand why he can't do a monthly Q & A again to better open that line of communications again with Shareholders. These are just my thoughts though.
Seventeen thanks for your words of encouragement. They are much appreciated and yes I have taken a lot of losses and my goal with LFBG has always been to offer helpful suggestions to the company never to bash it and yes it's easy to get caught up in the negativity when losses mount. This board is just so different than it was just 365 days ago.
This board used to be so positive and ideas were flowing back and forth. It was great. I did a lot of the marketing things bepo and Eagetallon suggested to bring more exposure to LFBG including contacting a lot of media outlets as well as the company as you have said to include about 25 or so questions directly to Troy which ended up being part of the Q & A earlier this year with questions such as "Describe the ultimate Christian game" and "What would you do if you had the ear of someone with millions of dollars willing to help LFBG."
I also proposed a game to him that I believe would offer an immediate revenue stream to LFBG and he seemed to allude to it at the 4:55 mark of the Nov. 16, 2010 webinar. I was super excited at that point and so disappointed to see what has happened since. This stock was my first exposure to the penny stock world last October.
You're right in that the goal is not to be negative but to offer constructive criticism if possible and remain hopeful and positive to help where necessary. I am not sure what the future holds with this company but I do support it. It's difficult at times though and I know if funding were not an issue we would probably see much different results. Take care seventeen!
My head hurts after reading this one Greedy! Thanks for sharing with us as we need all the info we can get. One day, with a different leadership structure, LFBG might be able to really prosper like it was meant to.
Scott12 am I missing something here?
Yep, if LKEN falls into the trap that LFB* falls into, that will be two penny stock failures. Man, these companies have so much promise. If only they would communicate truthfully to shareholders and follow through on promoting their products, that would make life so much better for all.
Regarding the CEO, I am very confused to how he can put in the 8K that people just need to look at his accomplishments to see that we can trust his judgement about a positive outlook. How can you direct people to your past accomplishments when the company is very much struggling and the PPS is down? That would be like a quarterback winning the SuperBowl one year and has an MVP season, and then for the next 10 years their team fails to make the playoffs, that quarterback's rating is low, the interception count goes up each year, and the quarterback talks about past accomplishments.
If Tom Brady stunk up the place each year after his first SuperBowl and told everyone this season to look at his past accomplishments, we would all laugh as it would seem like he is in a world by himself. That is how I view LFBG right now, only that along with the CEO's reputation, our own hard earned cash is dwindling too. That is not a good feeling and the CEO's past performance doesn't mean %$ if the company is losing money and the PPS is falling. How in the world does that inspire confidence for people to put more money into this thing? If one's accomplishments are so great, that greatness should carry over into the present. If not, then the claims are a joke. This is just my opinion. Like Playfullhappy told me earlier, this is not easy for me to write but the truth is the truth. Hearing Troy said he went from $3,000,000 in stock value to $35,000 and THEN noting his past accomplishments is absolutely unreal!!!
This truly stinks and it is hard to believe that LFBG did not launch toward success after all the goodwill from last year. Yes, there may have been market manipulation but it is on the shoulders of one person why the company did not prosper on the launch of the Nov. 16, 2010 webinar. That was the turning point of this sinking ship. Unbelievable gall on his point to place the blame on others.
Does anyone remember an 8K that noted that the CEO's compensation plan was tied to the performance of LFBG? LFBG had to do much better financially for him to be compensated. At the time I took it as Troy holding himself accountable. I thought I read that somewhere last winter. We seem to be a long way from there at this time. The latest 8K discusses how confident he is of himself and his accomplishments. I don't see how, by his own words and account, going from $3,000,000 to $35,000 in 2 years constitutes success.
I like the idea of the company but I believe the actions are not there. So if LFBG suddenly had one billion dollars to use, would they use the money the right way and truly build world-wide value or no? I would like to say they would but now I don't know.
By accredited investors, are they the ones obtaining shares at below .0001 levels? If so that really stinks.
Playfully:
Thanks so much for your response. I was away from my computer all day and just now able to answer you. I feel pretty much the same thing you noted regarding the leadership of this company. In general I do think that Troy wants the company to succeed and is facing a lot of limitations, but I don't know how well he is perceiving how things look to those outside of the company. Things really do look dismal and inept. Yes, financing is an issue. It probably wouldn't have been as bad had Troy noted that yes Modessa or whomever he is using is a $10,000,000 funder however these are the plans for Christmas 2011 and the calendar year 2012 regarding that funding (i.e. 7 new games, 3 new games in development for 2012 to include unreleased titles, additional marketing distribution channels, re-up by Wal-mart for Christmas as well as specific plans to promote LFBG games over the next 2- 3 years with a goal of branching the games out to 10 new countries during that timeframe). Troy could have also noted that "if any stockholder has marketing ties to other international markets, please respond to me at this e-mail XYZ@lfbgames.com."
I would simply feel better if Troy/LFBG was more forthcoming with plans and follow-through. That's all any of us want....proof that the company is advancing. Then if we take risks with a R/S or otherwise it won't seem as daunting.
Thanks Gthothei. Sorry about your losses as well. Just imagine if the marketing machine really kicked in on this company and what milestones they could achieve. They would need more cool games and management that was more adept at raising capital without depending solely on the shareholders. No positive news since the December 2010 release of movie advertisements is crazy. Even the announcement of the 7 new games is premature since it has not happened yet.
I like the concept of MyPraise but when I reviewed many of the musicians/artist there, most of them have not accessed their profiles since 2008 or 2009 at the latest. Seems like a great concept but much much fewer use than MySpace was even 5 years ago.
Bill,
Thanks for your kind message.
Thanks Varok. I really appreciate that information and it makes sense. 5 stars for Varok and Scott12!
In some ways it seems that LKEN and LFB* are brothers. They both act similar and have the same share structure (at least through Oct. 24). I hope LKEN doesn't do the same thing that its brother did and do a R/S.
They need a PR detailing how it is moving forward in lieu of a RS. All those new people and no news yet on what's going on.
Thanks Scott. I appreciate that. I just let Bill know that per Varok's advice, I don't know whether to sell now or after the R/S. I have lost $19,000 on this stock and have 4,999,999 shares at this time. It truly is a sickening feeling that I would only have $500 to show for it if I sold at this time.
I remember on the Yahoo board someone mentioning the stock SAV* to you. I bought some at the time and it went up but came crashing down too. Nothing like LFBG but it did come crashing down and I should have sold earlier.
As always your advice is appreciated Scott. You are "my" Varok!
Hi Bill. I just read it now. Based on Varok's advice, holders should hold through the R/S, wait 3 business days for the new share structure to settle, and then sell. It's during those 3 days that I am concerned about since I won't be able to sell them until then.
Do you recommend that I sell before the R/S even happens or no?
Thanks Scott. I sure wish I had listened to you and Varok last November when the price went over a penny when everyone looked forward to the Nov 16 webinar. It truly is amazing how not only this stock's performance, but also how trust in this stock changed after 3:45 pm EST that day. I and many others believed that day that it wss the start of seeing LFBG move to .02, .05, or even .10 at 5 Billion A/S. Even the late webinar start did not deture the belief many of us had.
I sure wish I had sold some at 3:35 pm that day. Then I'd be riding on free shares in lieu of the loss I am at now (I had brought more shares throughout the spring and summer months this year). I truly helped promote the heck out of this stock with people like Biko and Eagletallon helping to motivate interest. It was amazing and I felt a strong sense of community.
I know in this economy money is tight but I still believe that the right games would have garnered way more interest and should have driven the stock price up. The concept is there and if done correctly I believe this is a .05 company at least that management has dwindled to the .0002 level.
I put all those questions in the March 16 8K to help garner interest to include the question "Describe the Ultimate Game." Had the March webinar occurred we might even be better off now. This is so sad to see where we have gone in just over 10 months. Excitement to sickness is what I am feeling.
Perhaps people put in the bid awhile ago and had not checked on it since the R/S news was announced. That's the only thing I can think of.
Wow 323,000,000 volume today. I would take a gander that most of those are sales. Although I would love to see it, I don't see LFBG reaching .0003 again for a long time (until the R/S happens).
There should be more specific positive things that have occurred since last Christmas. I don't understand why the radio spots did not continue. Why no Easter advertising? Why no additional PRs about MyPraise or the new games? This is sad.
So even if the best case scenario occurred and we had a load of new funding, more marketing channels, and much more interest in the products, could this company be salvaged? I am having a hard time finding one specific positive thing that has happened to this company all year. Everything has been negative. I really had high hopes and belief in this company but even with the "expected" release of MyPraise and new games, I still cannot recall any specific single positive thing that has occurred in 2011 for LFBG. It seems like shareholders trust has not been returned. I just don't understand why the LFBG leadership doesn't see this. How much more trust are we supposed to have with continuous bad news on top of bad news?
You've been reading about LFB* if you mentioned a RS. Let's hope MSLP avoids that type of disaster and obtains more funding.
I just don't know what to make of this reverse split. It seems a shame to be hammered for almost an entire year after the Nov. 16 webinar after so much promise to be rewarded with a reverse split along with a hit in the stock price from .0129 all the way to .0002. I would have much preferred us reaching upcoming .15 the normal way which involves selling product and achieving a boat load of interest without a reverse split.
I still support the mission of the company, just not the way it is going about business.
5 Stars for PNK and Scott12!
Scott it definitely appears that either an increase in A/S or a R/S is imminent. My druthers would be to do neither and for the company to work on marketing their games better, pulling much better financial results, and growing the PPS that way. Is that too much to ask of a penny stock?
Big time volume for LFBG right out of the gate. 59 million and counting. Big news would be nice for sure!
Scott I forgot to give proper respects for the 5 stars you gave me. You've distributed the award to others before me but now I have finally arrived!!! Just kidding.
Your insight as always is very much appreciated. Thanks again.
Great advice Scott. I have seen other stocks like LK*N, SF*O, J*MN, B*CI, and JC*F climb up and then come crashing down in pps really quick after a lot of hype and promise.
I am a lot wiser now than I was a year ago when I started playing the pennies.
Thanks Scott. I believe he has as well. He personally responded to me after I sent him 25 new game ideas. I guess at times the impatience gets the best of me. I just feel it would be really cool to see a company make it from nothing and be a part of it. I don't know how long it takes to make a game but if what you're saying is right Scott, perhaps 2012 and 2013 could be the year some of these ideas get implemented and we see possible change for the better.
As always I appreciate your feedback Scott. You truly are a Switzerland here and don't get too wrapped up in the emotion of anything.
I appreciate that Scott as well as your continued insight. I am taking classes toward my MBA and have presented some of the insights I learned to LFBG. I know things take time but I wonder if the company is really listening to anyone other than themselves about improvement. I believe everyone wants LFBG to succeed and for the share price to increase. This is just highly frustrating to experience this loss.
When I look at the new games, outside of Praise Champion 2, I don't see anything that really moves me. Why can't we have a Biblical version of WarCraft, DC Universe Online, or something like that? That's really all I ever asked for and mentioned this numerous times to LFBG. I don't understand why they don't get it. One big game, one hit, one amazing company result. Do additional test marketing to see what Christian games people would like to see, pick the top five and make them.
I agree noquit. I actually remember someone posting early in the day of Nov. 16 on the Yahoo! board that they were planning on selling and everyone stated that person was crazy to think such a thing. Turns out they were right after all.
Thanks. I had some introspection and wrote what I saw. I still believe in the company but it is grinding on me seeing thousands go out the window.
Scott12, seventeen, PNK, Noquit, am I on the right track of what I just wrote in the previous message or am I missing something? Thanks. I appreciate each of your insights on this board.
It was about this time last year that the stock began to rise from .0008. It hoovered around the .002 - .0027 range for the bulk of October than began to steadily move up as new occurred with Wal-Mart and a Webinar on Nov. 16. Many people were excited about the Wal-Mart news and what it meant for exposure and sales. The Nov. 16 webinar did not provide the specifics that shareholders wanted and the price dropped a bit but not significantly. Shortly after around Thanksgiving of last year, talk about a 3 for 2 forward split occurred with the decision of not having the forward split. Additional talk about Christmas season sales and a movie commercial helped generate buzz but the share price slowly declined.
Everyone anticipate what the Christmas sales would be and the company released guidance first on $1.5 million in sales then $3-5 million in sales annually. After the Christmas season, things were kind of quiet (Jan and Feb 2011) as people wondered what Christmas sales figures were. The CEO then announced a February webinar to promote the advent of additional games. People seemed excited since they had the opportunity to send in questions for a Q & A. Many believed the company would rebound from some of the technical and fluff information stated on the Nov. 16 webinar. Then the company decided to not do a February webinar and instead opted for another PR and mentioned the new titles. People were generally not happy with the cancellation but anticipated additional news on the forthcoming games. Had we stuck at this point, I do not believe the stock price would be where it is now. Through late-February we anticipated and received the Christmas sales figures. It showed improvement and we should have ridden the wave, however the company decided to release concurrent news of an increase in authorized shares to 10 Billion. That is what began the true downspiral of the shareprice.
Next the company ceased doing Q & A sessions and then announced a $10 Million funder but people could not find valid information on the presented name. Afterwards we heard very little from the company for the ensuing 4 - 5 months except for people being hired, possible suing of another entity, and the companies attempts to complete a two-year financial audit while dealing with a former accountant who did not do his job correctly. The company also noted there were issues with stock price manipulation and a brief drop to a lower tier financial board.
Additional promises by the company were made earlier this year about Easter releases, MyPraise 2.0 upgrade, and the new game releases. We have not heard much progress about either of those three items, the communication has been greatly reduced, we see free games being given away, and sales of $24,000 for the most recent quarter versus $1.6 million for the previous quarter.
New games are coming but we have not received regular news over the past 7 months about the games since the Press Release about nixing the webinar. I like the packaging of the games but we still know so little about them outside of the brief description provided. For example I do not know what the art design looks like in Left Behind 4. The company has done little to create buzz about the forthcoming game releases. Also, it seems that the momentum of obtaining Wal-mart, other Christian entities, and a movie commercial deal has halted. Throughout the year, the buzz for this company just was not there and besides silence, focusing of their accounting books, hiring new people, and increasing shares, we have not heard much.
I want to see this company succeed and see it prosper but the reality is pretty scary. There is a reason that people are no longer as excited about this company now as they were last year when dozens of people on the board were promoting LFBG to radio stations, print media, and other marketing venues. I feel the company is a little out of touch. I do believe they still have a desire to succeed I just don't know if they are really seeing what they look like outside of their own LFBG company bubble. I see a company that has growing to do but has a lot of opportunities with the right game and right Christian entity backing it. We have seen none of this and I don't understand why especially since myself and so many others have offererd positive advice to LFBG (i.e. games geared more for teenagers or older with better graphics). It's disappointing to not see the changes many of us know are possible and have informed LFBG about.
Also with the risk of the extra 5 billion shares (now totally 10 billion), I don't believe people would have had such an issue had the company truly released their business plan of how they plan to use the shares to move the company forward, how progress of their future games were coming, newer marketing venues, and demonstrated positive growth over the past 7 or 8 months. We've seen none of that. In fact just the opposite as the recent financial releases and corresponding statements suggests that the company is struggling now more than ever and that things have taken a turn for the worse. That is not encouraging to hear as an investor. Mind you all of the above is taking place while the stock price has plummeted to all time lows with many losing hundreds or even thousands of dollars.
I support the company but the buzz and excitement I had last year at this time has waned quite a bit. The time for excuses is over and we need to see documented progress toward financial improvement and marketability.
I hope this helps...
A nice PR about a Fortune 500 company, the military, Federal or State government offices, or a hospital/medical system using Accubrite Ink for refills would be a great thing to hear about now. I submitted these ideas to them a few weeks ago. Make sense to me.
I also think LFBG should have a contest where one of the shareholders or game buyers is allowed to take part in the creation of a video game. That too would be cool.
I also find it odd that if LFBG has a great business plan over the next 3 years or so, why more prominant pastors haven't flocked over to support LFBG. Seems like there should be a lot of financial support out there to release some great Christian entertainment. Also I heard last year that production was underway to release a big budget Left Behind Movie. That would be cool too.
With all of the things that have been said, along with the complaints, do you think LFBG is listening to those who post on the boards and e-mail the company to provide advice? I've e-mailed LFBG many times on putting out games with more action and better graphics. From what I see in their newer games (the covers anyway), the packaging is getting better but they need that big hitter game that hasn't come down the pike yet. Action, 3D graphics, great packaging. A Christian game unlike any that has ever been seen or ever produced. One that really gets the Christian community talking. That alone would completely change this company around and possibly take it out of pennyland. My hope is that is in Troy's long term plan and that he is working on that as we speak.