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That's how I see it, Raven. I do hope the company clears this up soon. We're hearing reports that the letter was fake. Nevertheless the company went current a few days after the letter appeared. So we need to here from them.
We'll see if the letter was fake. But the three SEC filings this week were not fake. The company just went current.
All I can say is that is what I did. And all I got was voicemail. So I left them a message. No reply so far.
Yes it is. Went current soon after the letter, so that part of it certainly was true. Hopefully we get to the bottom of this soon.
The EIN news site still haven't phoned me back. If the letter to shareholders was faked, I do hope the company updates us about it. Strange that it came out promising that the company would soon go current, and then the company went current.
I've phoned the EIN news site and left a message asking what happened to the shareholder letter that is no longer available on their site. I'll let the board know if I get a response.
As we know, the message was available on the site for a week. Many of here on the board saw it via the direct link to the EIN news story. And of course the promise mentioned in the letter to bring the company current again was fulfilled in short order. So we'll hopefully see what this is all about.
Thanks, Dsorski.
I certainly hope that's not true. The post is indeed no longer showing at the EIN site. However in the post it was stated that the company intended to go current with its SEC filings, and sure enough, a few days later Life Clips filed the three delinquent quarterly reports and regained current status. So at least that part of the letter to shareholders in question came true.
Maybe someone could contact the company and ask about this. It would be appreciated.
Here is the link to update to shareholders letter that many of us read over the last week. The site now says that it is no longer available. However I and many here on the board can vouch that it was there for six days. So it would be good to get to the bottom of why it is no longer there.
http://www.einpresswire.com/article/458149692/life-clips-issues-letter-to-shareholders
You're welcome. I tend to read it over myself on occasion. ;0)
It is stickied. Here you are:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142887119
You said it, Airmikeyy!
Great post, Str8t-Shooter. Yeah, I guess I've been here a while. But I have experience from my high school days working summers in an amusement park. On slow days they even let me run the roller coaster by myself. So I have an affinity for the LCLP ups and downs.
About today's three filings:
On August 8th the company filed an RW form with the SEC to withdraw the registration statement that was originally filed on August 15, 2016 to register the resale of up to 73,139,663 shares of common stock. In other words, On August 8th (last week) the company wanted to remove the registration of those 73,139,663 of its shares.
But then the company realized that when it filed that form, it had used the wrong file number for the shares. It had used Form S-1 (File No. 333-198828) when it had meant to use Form S-1 (File No. 333-213129).
So on August 9th (dated August 9th, but received and posted today) the company filed RW WD's to withdraw the mistake, and then it filed a new RE form with the correct file number.
So the 73,139,663 shares in question have been de-registered.
At least that's what I make of it. Now I'll go un-cross my eyes.
No problem, Mclark. Thanks for your efforts.
That's right, True.
Sorry, the 52-week high on this stock was .0045 a year ago.
I don't know about all brokerages, but Fidelity allowed sells of LCLP all along for those who already owned it. They only put a restriction on buy orders of LCLP last year when we lost current status. And as we know they lifted that restriction today.
You're welcome. And I just checked. Fidelity has just removed the restriction on buy orders for LCLP because of our "Current" status.
Here you go, Ez. The post about Fidelity allowing buys again.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142913088
Very good to hear. Thanks for posting that info.
The 10-Q quarterly report is out.
https://www.otcmarkets.com/filing/html?id=12918315&guid=kNAEUWJyLq0nZ3h
I'm in awe of the DD that others have done on this board. I really am.
Up is my favorite direction. :0D
Again, LCLP has never had a reverse split.
OTCMarkets says LCLP stock never did a reverse split. Only a 13-for-1 forward split on 1/25/16.
https://www.otcmarkets.com/stock/LCLP/security
According to OTCMarkets, LCLP has never done a reverse split. The only split we've seen on LCLP was an 11-for-1 forward split on 1/25/2016.
Life Clips is CURRENT again on OTCMarkets!
https://www.otcmarkets.com/stock/LCLP/profile
Victoria Rudman has delivered on her promise in her 8/9/18 letter to shareholders to return the company to a "current" filing status and provide full transparency. Now we can look forward to the planned expansion into the cannabis business.
Thanks to everyone here on the board for all the great DD!
Letter to Shareholders - 8/9/18
The operative word that he said was "probably".
Thanks, Truenorth. That's right. The operative word is "probably". As you and a number of us have said, the stop sign will be removed, probably tomorrow. If it doesn't happen tomorrow, it will happen. OTCMarkets isn't always the fastest, but they get there.
Why, thank you! Now let's hope they do it tomorrow and not the next day. Doh! :0)
Yes they did, D Poe. Today's three 10-Q filings covered the last two quarters of last year, and the first quarter of this year which ended on March 31st. After the second quarter each year ending on June 30th we must file our 10-K annual report. But the SEC gives 10-K filers 90 calendar days to file, making it due at the end of September. So today's filings brought us current. OTCMarkets will probably remove the stop sign tomorrow.
Here is a post that explains the filing deadlines.
Some brokerages won't allow buys for pink sheet stocks that aren't current. Once the stop sign is removed, investors in brokerages like Fidelity should be able to place buy orders for LCLP again.
Yes, it's exciting!
We just went current!! They just filed the 10-Q for the first quarter of this year! We are current, folks!!! That now brings us to three 10-Q's filed today. And that brings us current because the next filing is the 10-K annual report which isn't due until 90 calendar days after the end of the second quarter on June 30, 2018. That will be in late September. It may take a few days for OTCMarkets to remove the stop sign, but it will.
https://www.otcmarkets.com/filing/html?id=12910994&guid=-L7EUqYg0VcExth
Today's 10-Q's covered the third and fourth quarters of last year.
I'm really impressed with the two filings this morning. The company had been current last year until the departure of the CEO threw things temporarily into chaos. The 10-K annual report last year was due at the end of September, but wasn't filed, causing us to lose current status. However it was finally filed this past April. And now the following two quarters' 10-Q's have been filed as of this morning, bringing us current through last year. Just one more 10-Q to go now. This year's 10-K won't be due until the end of September, so when they file this year's first quarter 10-Q, we're good to go!
We still need one more 10-Q in order to go current. Today's two 10-Q's brought us up to December 31, 2017. But clearly the company intends to go current soon.