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It's not retail, those shares are selling at .000495. It's an MM sale. This was borderline even before the 48k CD was announced.
They will start selling before the company is informed.
It appears the toxic death spiral will be too much for this CEO. At least it's only our money that is been diluted.
So at least 200 million shares to hit yet. This will see .0002 if he does not force a deal.
That appears to have started converting the past few days. 12 million shares today alone.
There is not much incentive for the CEO to buy the note back when the shareholders here can just pick up the tab. If he was serious about buying it back then he should of
made that offer months ago.
It has got so bloated now alot of investors won,t even give this stock a look.
Hopefully they haven,t started converting note 6.
It's a pity Brian didn,t try and buy that note More than a week ago.
I assume it's Eastmore Capital LLC. PZOO recently paid off a CD to this company.
Who,s volunteering to take those 6,s and paint a 7 ?
Thats a result of large amounts of dilution. People are afraid to buy in case they get dumped on again.
If Brian buys that last note this would pop straight over .001 and sustain that price.
It would be better to wait until this gets back to .001. You need some big news to clean out the teens or it will never leave there.
7's hitting...
Do you know what company they are called in the filings ? How many notes are left after Eastmore. Thanks
Thanks, Will they agree to convert at higher prices if we get there ?
Does anybody know who this 48K note is for ? The CEO refuses to say. Its quite important As it equals 216 millions shares of dilution at the same conversion as the last note.
Can you tell us what note that is as i don't see it in the filings ?? IS there another note due on the 11th of July ??
It may not happen with this company, but i guarantee you that it does happen.
Nobody should be calling him for information unless it's commercial.
All pertinent information for shareholders should be released publicly here or through filings/PR.
If he answers specific questions they can be stickied here to stop repeat questions.
I'm sure realise how valuable information regarding note conversion dates are. That is why that type of information should not be disseminated to an individual but to the board as a whole.
You do realise Cmdr most of us here do not get daily phone updates from the CEO and therefore wait as everybody should for public responses on Investorshub or through filings/PR's.
This is where the CEO should be questioned publicly not through private phone calls to certain individual shareholders. I certainly don't see it as a waste of time getting questions answered for EVERYBODY!.
"We have a $50k note with @ $48k on it" do you mean there is 48K left to be converted on this note ? When is this note due for conversion if not already started ?
I'm sure you do realise 48K is 175 million shares converting at .000275 using a .0005 pps. That would likely bring us to .0001 as we drop further and have higher conversion amounts and future R/S.
Is there no funds available to prop this stock up at a reasonable level, also acting as a buyback ?. These low conversion prices will have the O/S above 1 billion before long.
Instead of your games, what are you going to do about all this dilution. Your shareholders are massively in the red its not a time for games. Are you using your wages to purchase some of this dilution.
You said that weeks ago and we have probably had another 150 million shares added since.
Which is exactly why i asked Brian to clarify what notes were left and when they are due for conversion, but he refuses to do this.
This really needs to be at .001 before they start releasing any really good news or we will struggle to ever see .002 again.
You must of fell asleep or were talking to Brian!!, so i did it for you .0006 close.
Det_Robert_Thorne Friday, June 26, 2015 2:06:44 PM
Re: fenian32 post# 18446 Post # of 18682
Too much salary when company tiny and unprofitable
This is from the most recent 10-K, filed in January, 2015 (See page 40):
Quote:
Brian Conway our Chief Executive Office and Chief Financial Officer is paid $12,000 per month or $144,000 per year. Mr. Conwat was paid $7,000 per month or $84,000 per year last year as a consultant to the Company.
http://www.sec.gov/Archives/edgar/data/1503161/000117892415000005/f10k-libe.htm
IMO, he should have been awarded a much lower salary ($50K - 75K), with progressive bonuses based on achieving certain levels of revenue and profits. Then, in an couple of years, if successful, renegotiate a higher base pay.
If LIBE wasn't publicly held, he wouldn't be able to get away with this.
Cmdr, the CEO is getting paid $144K. Thats 523 million shares per year using the same conversion rate as some of these CD's.
Who do you think is funding this salary ? it will catch up with the company mkt cap if the dilution continues much more. That is a terrible performance for that salary.
I'm not sure how you can say none of this dilution is down to the CEO.
Imrich, regarding PM. Its an easy flip at that PPS. Will sell most of mine on next decent pop.
I'm sure Brians friends/promoters will shortly be back to tell us how great and transparent he is and you should then be able to get a 60% profit on those shares.
I asked him straight on Friday and he refused to answer. Yet he has no problem deceiving traders by stating conversions were done. I trust him about as much as i trust any of the thieving CEO's that infest the penny-stocks.
Two things that investors need is an accurate O/S count and a list of remaining notes and their conversion dates and rates and he refuses !!!Transparency my ass.
We have a .0004 bid for the first time this year on this stock. That's what transparency is worth, absolutely nothing.
The CEO still refuses to clarify what notes are left to convert and when they are due. That would at least be a small bit of worthwhile transparency.
.0004 x .0005 7M volume
It was very deceitful of the CEO to post here that conversions were done while dilution appears to be only increasing.
The two noteholders are selling again this morning with CDEL and VFIN on the ask.
Can you clarify the CD,s question, thanks.
Can you clarify the CD,s situation. What in totality is left and when is it due ? Your PR,s and posts have been confusing on this matter.
It's not Brian paying the debt its us, its not exactly a hard job to sell shares ?
$144K salary for a .0005 stock ?? Surely not. Brooks you Brians biggest supporter tell me that this isn't true ?
He could probably justify it if it reaches .05 but drawing any salary at this pps is embarrassing.
Who has the 32 million bid in at .0004 ???
Transparency is worthless, if he wants to do something for shareholders start buying his own stock.
He would have this back to .001 in two trading sessions if he even spent 50K$. Sell his car, mortgage his house, start backing the company as much as his shareholders are doing.
Imagine what the conversion rate will be for the July CD! they could be converting at .0001. That will be the end of this stock and our investments.
.0005 is the low today, .0004 likely on Monday.
At this rate all existing shareholders will be wiped out by the fall. Brian needs to get money to start buying here, his own money.
Current retail shareholders are been sacrificed here by Brian. We are obviously just been used to pay the debt of his company.