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Im getting the feeling from the info I was given that since the CEO has a fiduciary responsibility to the shareholders, he would be inclined to listen to an opportunity from a new group regarding the funding of the acquisition. The LOI gives them 90 days between OCLG and the target under the discussed terms. If there is cheaper money to access then the slight delay is better in the long run for all. According to the CEO and the current IR the target will still be acquired. Short term traders probably bailed. So what? It should take a run to .03 or .05 from here when the news hits at least. The problem is no one from the company is making this message clear.
OCLG CEO screwed this up. There was NO REASON to put 45 days out in a press release unless he knew for sure he could get it done by then, blaming the underwriting and funding is blaming himself. Shahreholders only knew a deal was being worked on and since painted himself into a corner, this is the result. Almost a 50% drop since it came out he couldn't deliver. If he had any sense he would come out and give an update and give information on other positive moves or potoential acquisitions in the futute. No news is bad news.
OCLG ACQUISITION UPDATE.......Just heard from OCLG IR firm. The acquisition is in final stages and they have no reason to believe that it will not be completed very shortly. The 45 days was a target and not a drop dead date. If it takes an extra week or so for paperwork, funding, due diligence, etc. that is just how it works. I REPEAT THE ACQUISITION IS STILL EXPECTED TO BE COMPLETED PER GREEN ARROW CONSULTING, WHICH IS THE IR FOR OCLG !!!!!
OCLG hit a high of .012 on 2/19. The acquisition is looking less likely every day and the stock is refelecting that. The CEO made a big mistake by repeating the same info about reducing convertible debt. They already came out with that news so its just fluff. If they were going to put out fluff, why not give an update on the acquisition too? Because its not looking good. Someone call the CEO or CFO and see if you get a different answer and post it. I would love to be wrong. OCLG PH # 676-997-9933
Looks like OCLG can't bring in the financing to close the aquisition or it would have been completed and announced. Very common in pennyland. If it were going to happen CEO would have given an update on it. He needs to make a statement on what's going on.
OCLG news with no mention of acquisitions...not a good sign. Looks like this one is not getting done! Like I previously posted, most letters of intent do not work out, they are not binding.
Makes sense that someone would play games with the stock. If they did let them suffer when the stock runs.
I don't think they want to go down that road. The news they released should be a big lift to pps. This should be back to .001 soon. A good buy at this price.
Exactly.
Anything below .0005 is a steal right now. Previous periods have shown good runs for txhe on no news.
This news and the upcoming stuff should really push pps.
BMAK is BMA Securities in CA. They clear 144 stock. Probably a huge piece of restricted stock freed up and coming in, driving stock down, So much for momentum. OCLG going no where fast without acquisition news which is 50/50 at best now and probably built into price already.
It sure does seem like someone is loading. Better to get in at this low price than chase it when it runs.
The longer they delay the aquisition news, the less patient people will be. Also the less likey the deal will ge done. . There is no guarantee it wil even be a deal. It is a letter of INTENT. They fall apart more than they work out Thus the sell off
OCLG still does not get that you put out news before the open!
Spoke to CFO earlier today. I dont think this aquisition is going to happen..... my opinion.
It was just a letter of INTENT not a done deal.
OCLG aquisition is already built into the share price. They have already given financial details of aqusition target. Minimal price appreciatiin when it becomes official. Probably even a sell off.
Is anyone worried about a R/S?
When does a R/S normally happen with companies?
There is not much room for it to go much lower.
It should move strong once it clears .01.
You are assuming the O/S wil stay the same by then. HIGHLY unlikley. it could be 2 bilion by then.
Intelligent Living America, Inc. Announces Elimination of $850,000 in Convertible Debt; Significantly Strengthens Balance Sheet
Recognizes $916,000 Gain on Transaction
Jan 20, 2015 (eTeligis.com via COMTEX) -- CORAL GABLES, FL, United States, via ETELIGIS INC., 01/20/2015 - - Intelligent Living America, Inc. (OTC Pink: ILIV) (PINKSHEETS: ILIV), announced today that it has completed a transaction to eliminate $850,000 of its convertible debt obligations, along with the related accrued interest payable of $72,314, in exchange for 4 million shares of its $0.001 par value common stock, pending the delivery of the stock certificate to escrow. The transaction equates to a conversion price of $0.229 per share, a significant premium of more than 14,200% to the closing price on Friday, January 16, 2015 of $0.0016.
As a result of the transaction, the Company has reduced its indebtedness by $922,300 and will recognize a gain on the extinguishment of debt of approximately $915,900 in the first quarter of fiscal 2015. When taken together with the recently announced Venturian Group, Inc. debt reductions, Intelligent Living America, Inc. has been able to reduce its outstanding debt by over $1.275 million. In addition, the Company is also renegotiating certain additional convertible notes to receive more favorable conversion terms on those obligations.
"This transaction substantially improves our capital structure by eliminating debt and eliminating a significant amount of potential dilution to common shares that would have resulted from its conversion. We have eliminated more than 46% of our convertible debt, reduced the overall debt on our balance sheet by over $1.275 million dollars, and positioned the Company to move forward aggressively with our business strategy. This is another milestone in the execution of our strategy to become a leading company in the IT/Cloud Technology and health and wellness industries," stated Mark Lucky, CFO of Intelligent Living America, Inc.
"This transaction is part of an ongoing effort to improve the company's long term outlook by reducing our outstanding debt obligations, strengthening the balance sheet, shedding unprofitable and/or non-core businesses, reducing overhead and improving operational efficiencies across all of our current subsidiary companies, to increase profitability," according to Paul Favata, President of Intelligent Living America, Inc.
It should be near .01 so hopefully the run gets it there.
Successful companies don't sit around and wait for investors to call them. They go out and spend money marketing their stock and the benefits of their company. OCLG management either doesn't get it, doesn't have the adequate funds or is too cheap to do any real promotion. This stock was close to .01 in July. They have done NOTHING to help the price.
This is what happens to OCLG with no IR or promotion.
0001 coming soon if they dont get their act together.
Good news out and OCLG is down..
Green Arrow is doing nothing since they came on.
BECAUSE THEY DON'T SPEND MONEY ON PROMOTION AND NO ONE KNOWS ABOUT OCLG!!!!
Going to triple zeros !!!!!!
Erwin stated, " Currently we believe that our stock price does not accurately reflect the success of our operating activities and remains severely undervalued."
BECAUSE THEY DON'T SPEND MONEY ON PROMOTION AND NO ONE KNOWS ABOUT OCLG!!!!
CEO will be interviewed today on moneyforlunch.com @ 1PM EST
Here is the LINK >>>http://www.blogtalkradio.com/moneyforlunch/2014/12/18/bert-martinez-speaks-with-paul-favata-cathy-harris-simon-t-bailey-and-guests
Yep.
Someone just scooped up 10mil cheap shares of TXHE.
I wouldn't say people are not paying attention.
It may be more effective to get the word out when less companies are trying. Because of the thought that "nobody's paying attention" there are less companies doing promo now so Oclg may be able to get traction on something.
Why OCLG is undervaled.....not enough people know about it. This company has so much going for it but it appears they fall short in allocating resources to IR and stock promotion. Almost all OTCBB and Pinksheet companies need help getting the word out. I don't see much effort in this area. The new IR firm does not seem to be helping much. Call the CEO or CFO and ask why
OCLG Phone: (616) 977-9933
Other than the filings the company has to get serious about some pr.
Unless people know the good direction the company is headed what difference does it make. Getting the share price up will require more people buying the stock.
OCLG Avg daily volume is 882,555 X .0035 = $3,089 of volume per day. That is anemic. The board is not spending enough money or paying enough attention to IR and stock promotion. That is the name of the game with pennystocks. There are too many companies competing for the same investment dollars that are doing it. OCLG needs to step it up or they will NEVER move past .01 and never get to OTCQB !!!
On this stock shorters have been burned quickly. That has helped push some of the runs we've had. Looks like it's setting up to be the same this time. Look for .0015 in the next day or so.
OCLG needs to run a promotion like every other pinksheet company does. No one knows about this 10k filing. Sad but true. They have to spend just like EVERY major company spends money on advertising no matter how big they are.
They have promised a filing is coming and some pr to get the word out. Now is a good time to load up.
She is no longer with the company and there is new management and new business sector. Profile Data
SIC - Industry Classification 7379 - Computer related services, misc
Business Status Development Stage Company a/o Aug 01, 2008
Incorporated In: NV, USA
Year of Inc. 2011
Employees 14 a/o Feb 01, 2013
Company Officers/Contacts
Paul Favata President, President, Subsidiary
Mark B. Lucky CFO
Company Directors
Not Available
Company Notes
Formerly=Intelligent Living Inc. until 11-2014
Note = Domicile changed from CA to Nevada 8/2013
Formerly=Feel Golf Co., Inc. until 8-2013
Their filings are due soon. The buying must mean there's confidence that those filings will be good.
It is a good play.
You can get in real cheap for major upside run.
Txhe has shown whenever it hits bottom it bounces right back up.
Wouldn't be surprised if a run occurred before close.
ILIV(D) current share structure
Market Value1 $1,401,811 a/o Dec 02, 2014
Shares Outstanding 70,090,570 a/o Nov 24, 2014
Float 34,678,626 a/o Nov 24, 2014
Authorized Shares 6,000,000,000 a/o Nov 24, 2014
Par Value 0.001
They offer businesses a chance at capital when they need it most. Their model has strong growth potential.
Thanks for sharing.
With it having a super small float, it should move.