Servant of the Lord Jesus Christ, working to grow his Kingdom!!!!
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+>>>OWOO - Consolidation Over?!?!? Classic Bounce off the 62% Fib!!! On Watch
+>>>WSGF - Hmmmmmmmm!?!??!!
+>>>RCHA - WOW! That's quite the Share Structure! Definitely doesn't trade like its that bloated!
+>>>LLEX - HOD $1.02 Printing!!! I Think It Will Fall! $1.40-$1.50 Coming?!?!?
+>>>RCGP - .0065s Printing!
+>>>RCGP - .006s Printing! Alerted near .0035!
+>>>LEXG - .0022s Printing! NEW HOD!
+>>>VGID - .006s Printing! I found 20K Sitting on my office chair this morning! ROFL WEEEEEEEEEEEEEEEEEEEEEE
+>>>RCGP - .005s Printing!
+>>>VGID - New HOD .0057 Falling! .006s up?!?!?
+>>>RCGP - New HOD .0044 Printing!
+>>>VGID - Once 100DMA at .0056 Falls... its straight to the 13Wk High at .0065 Followed By RSI 80 at .0078!...
Then Cooper Then Silver Then The Space Station!
Somebody Call NASA!
We Can Host the Next Secret Society Meeting There!!!!!
+>>>PVSP: News Out - Debt Restructuring!
Pervasip Announces Debt Restructuring Plan
White Plains, NY - January 13, 2015 - Pervasip Corp. (USOTC:PVSP) (“Pervasip” or the “Company”) announced that it is in conversations with several of its creditors and aims to release details of a debt restructuring plan that will eliminate a minimum of $1.5 million in debt payable from its balance sheet.
“We are pleased with the early support of our creditors as we move forward in implementing a debt restructuring plan to strengthen Pervasip’s financial condition and better position the Company for future growth, investment and success,” said Paul Riss, Pervasip’s Chief Executive Officer.
The Company is working with its secured creditors to finalize terms of a financial restructuring plan which would significantly reduce debt and interest payments and result in a stronger balance sheet for the Company.
“We need to restructure our debt before we can engineer any acquisitions,” Riss continued. “I have been in negotiations with four of our creditors, and I believe we will achieve a comprehensive debt restructuring that will allow us to pursue acquisition targets that we have deemed important to creating shareholder value.”
About Pervasip:
Pervasip delivers mobile VoIP and video telephone service anywhere in the world that has a stable broadband connection. In addition to international telephone numbers from 57 countries for mobile phone users, with unlimited inbound calling, it offers several international outbound calling plans, including some of the lowest rates to international mobile phones.
Forward-looking statements: The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Pervasip Corp.
Paul H. Riss, CEO
phriss@pervasip.com
914-750-9339
+>>>.0049s Printing! #ClubChrion and #TheSecretSociety Winning!!!
This Morning's Alert
http://goo.gl/pUUPhn
+>>>VGID - .0046! New HOD PRINTING!!!
+>>>VGID - .0043s Printing Again! On Watch Here
+>>>LLEX - $1.00 Printing Again! On Watch for HOD at $1.02 to Fall!
+>>>EQLB - Patiently Waiting on Updates!!! CEO said on Twitter they are around the corner!!!
Accumulate and Wait best way to play it here IMHO!
+>>>PHMD - Yea StockMister Alerted it! But its running on its own merits!
+>>>LIBE - WOW! The Blessing of the great Nikkita! I'm Intrigued! This is definitely On Watch! .02s Possible even without news!
Thoughts on VFIN?
+>>>IJJP - .0021 Printing!
+>>>LIBE - Pattern Play?!?!? What Pattern?!?!
+>>>PHMD - No This is a Legit Company! I'm just surprised Someone as shady as StockMister Alerted it!
+>>>LLEX: News - Lilis Energy Secures Credit Facility With Heartland Bank for Up to $50 Million
GlobeNewswire "Press Releases"
DENVER , Jan. 13, 2015 (GLOBE NEWSWIRE) --
Lilis Energy (Nasdaq:LLEX), a domestic oil and gas exploration and production company focused in the Denver-Julesburg Basin ( DJ Basin ), today announced that it has secured a credit facility with Heartland Bank in Little Rock, Arkansas as administrative agent for up to $50 million.
"We believe that the current oil and gas market provides tremendous opportunities to pursue acquisitions of producing and reserve-rich assets at favorable valuations in the DJ Basin and in other attractive opportunities throughout North America . Our number one priority is to utilize this capital to increase production and drive reserve growth," stated Avi Mirman , CEO of Lilis Energy . "I would like to thank the Heartland Bank team and especially Greg White , Senior Credit Analyst, and Phil Thomas , Chief Lending Officer, for their efforts in helping us put together this financing package that we believe will allow us to continue to execute on our business strategy."
The Credit Agreement provides for a three-year senior secured term loan in an initial aggregate principal amount of $3,000,000 , which principal amount may be increased to a maximum principal amount of $50,000,000 , subject to certain conditions, including lender approval of additional advances. The credit facility will bear interest at the Prime Rate plus an applicable margin ranging from 6.25% to 8.5%. Funds borrowed under the agreement are designated to be used to purchase oil and gas assets, fund certain lender-approved development projects, fund a debt service reserve account, pay all costs and expenses arising in connection with the negotiation and execution of the credit agreement, and fund the company's general working capital needs. The credit facility has a maturity date of January 8, 2018 , with all outstanding principal due at maturity, subject to a 3% prepayment premium on prepayments made prior to January 8, 2016 . The amount the Company can borrow under the credit facility is based upon a debt-to-EBITDAX calculation and a debt coverage ratio based on the value of oil and gas reserves. All of Lilis Energy's assets, including all of its properties, have been designated as collateral under the arrangement.
The Company paid a nonrefundable commitment fee to Heartland Bank in the amount of $75,000 in connection with the loan, and agreed to issue to Heartland Bank 75,000 five-year warrants at $2.50 per share, for every $1 million funded. An initial warrant to purchase up to 225,000 shares of the Company's common stock was issued in connection with closing.
Roth Capital Partners sourced the credit facility and acted as exclusive financial advisor to Lilis Energy in the transaction. Please see the Company's Current Report on Form 8-K to be filed with the SEC on January 13, 2015 for additional details regarding the credit facility.
About Lilis Energy, Inc.
Lilis Energy, Inc. is a Denver -based independent oil and gas exploration and production company that operates in the Denver-Julesburg (DJ) Basin , where it holds approximately 93,000 gross, 84,000 net acres. Lilis Energy's near-term E&P focus is to grow reserves and production in its Wattenberg Field acreage targeting the Niobrara benches and Codell Sandstone. For more information, please contact MDC Group (414) 351-9758 or visit www.lilisenergy.com.
Forward-Looking Statements
This press release may include or incorporate by reference "forward-looking statements" as defined by the SEC , including statements, without limitation, regarding Lilis Energy's expectations, beliefs, intentions or strategies regarding the future. These statements are qualified by important factors that could cause Lilis Energy's actual results to differ materially from those reflected by the forward-looking statements. Such factors include but are not limited to Lilis Energy's ability to finance its continued exploration, drilling operations and working capital needs, and the general risks associated with oil and gas exploration and development, including those risks and factors described from time to time in Lilis Energy's reports and registration statements filed with the SEC .
MDC GROUP Investors: David Castaneda or Arsen Mugurdumov 414.351.9758 Media: Susan Roush 747.222.7012
Source: Lilis Energy, Inc.
+>>>LLEX - Awesome Action Today!!! 30 Minute Candles Printing New Highs with Increasing Volume!!! $1.40-$1.50 Coming?!?!?!
+>>>LIBE - Volume and Breakout Price Action?!?!?! Hmmmmmmmmm!???
+>>>LEXG - .002s Printing!!! 5 Million Block Slapped the Ask!
+>>>SHOM - .0021 Print?!!?!?!? New 2 Month High Printed!
+>>>PHMD - Alerted by StockMister!!! ROFL
+>>>LEXG - .0019 Print Eh?!?!?!
+>>>JALA - .01s?!?!?! You Magnificent POS!
+>>>IJJP - .002s Printing!!!
+>>>VGID - Awesome Pictures!!! Great DD Big Bro!
+>>>MSPC - i surmise its a combination of BOTH! Company Orchestrated Promo from the looks of it!