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A monster is born; go FLPC!
Mike
Once that happens, one can expect to see FLPC jump fast, then going into a better exchange. Sky is the limit here.
51x55, we are heading into production boys..
Got that right, 'Randy1111." LIGA has a very good growth potential. Plus, low AS/OS/Ultra-low Float:
http://www.otcmarkets.com/stock/LIGA/company-info
Enough said,
Mike
Chairman's Message to LIGA Shareholders and Current Summary of Projects
Last update: 7/22/2013 8:17:00 AM
DALLAS, July 22, 2013 /PRNewswire via COMTEX/ -- Mr. Jeff Love, Chairman of LIG Assets, Inc. (otcpk:LIGA) and its subsidiary companies, announces the following statements to further clarify its business plan, provide a summary of current projects, and discuss its focus for the balance of 2013.
-- LIG Assets, Inc. maintains its inventory of about 235 residential real estate properties located in Texas. The Company is in good standing with its lenders, and the properties continue to generate positive cash flow. FP Management Group, LLC, property manager and largest lender to LIG Assets, Inc. provided a letter dated July 15, 2013 "to further affirm the information regarding the properties and the debt thereon" referencing the Attorney Letter with Respect to Current Information for LIG Assets dated June 6, 2013. A copy of this letter will be provided upon request. LIGA's net real estate holdings are conservatively valued at over $7.5 million.
-- LIG Assets has identified at least two people that the Company plans to add to its Board of Directors. The Company plans to issue a formal announcement soon when each person officially accepts a position. LIG Assets continues to prepare its financials so it can be audited.
-- Late last year, a Strategic Alliance was formed with Texas Real Estate Hedge Fund, LP, MMR Realty Advisors, and InterContinental Real Estate Partners to focus on commercial properties including multifamily, retail, hotel, and office. The Strategic Alliance as well as relationships with other hedge funds and investors provides LIG Assets access to capital so it can be involved in the commercial real estate market with property valuations between $1 million and $100 million. Although these projects take longer to develop, LIG Assets expects several large transactions to be consummated by year end. A summary of current real estate projects is included in this press release.
-- The goal for the majority of the commercial real estate projects is to purchase them for a quick turnaround through sale or leaseback. LIG Assets has identified several new sources that are interested in buying its properties. LIG Assets plans to update its list of current projects quarterly to show which projects were completed, which projects are still being worked on, and which projects are no longer possibilities.
-- On June 18, 2013, it was announced that LIG Assets sold its contract rights for its role in the hotel casino transaction in Cripple Creek, CO. The sale of these rights was made to a privately owned REIT. Proceeds from the sale of these rights have not been received yet, but are expected soon.
-- The office in Austin is led by new management, and our belief is that a major breakthrough is imminent that should enable this office to produce on its deal flow. A list of possible transactions associated with this office is also included below.
-- LIG Assets also owns a wholly owned subsidiary called LIG Entertainment Management, Inc. and has funded two movies. "HOA Havoc - The Movie" has been completed, and management is currently negotiating for the sale of the movie. Several offers are currently under review, and a sale is expected within 30 days. Its other movie, "The Water's Edge" is in the process of completion. Since this business is not the Company's focus, management plans to use part of the proceeds from sales to execute a share buyback plan. Management believes the current share price of LIGA stock does not nearly reflect its net assets value or potential earnings.
-- LIG Assets also owns the majority of South American Properties, Inc. (otcpk:SAMP) that focuses on real estate transactions outside the United States. LIG Assets plans to eventually issue a stock dividend of common shares of SAMP to LIGA shareholders. South American Properties has two projects that are moving forward. First, Colan Marina is intended to be a full service luxury marina near the Port of Paita in northern Peru. Development of the marina includes 150 slips, dry dock facilities, maintenance and fuel services, as well as 24-hour security. It will be man-made and created by the excavation of a salt flat bordering the Emerald Bay Beach on the west and 100-foot cliffs on the east. Second, a casino in the Dominican Republic may be acquired within 30 days.
Summary of Current Projects - Dallas Office
The following is a list of projects that LIG Assets intends to complete this year. For competitive reasons, only general details can be provided. If an investor or interested party wishes to inquire about more specific information, they are invited to contact the Company directly.
Florida Resort - LIG Assets is negotiating for the sale / leaseback of a Mediterranean-style villa resort that offers fully furnished condos valued at over $2.5 million. It is conveniently located a short drive from some of Florida's top attractions like Disney World.
Countertop Manufacturer in Texas - This property valued at over $1.5 million is occupied by a company that has been fabricating and installing countertops (granite, marble, travertine, limestone, soapstone, quartz and solid surface countertops) for both commercial and residential customers for over 20 years. A contract has been signed and we anticipate closing within 45 days.
Hotel in Louisiana - LIG is currently working to find new locations for a hotel chain. Once qualified properties are found and agreed upon they will be purchased and leased to the hotel owner. One property valued at over $3 million in West Monroe, LA has been identified and LIG is in the process of negotiating the contract for this project. In addition to purchasing the hotel there are plans to purchase the adjacent land for new proposed parking. The additional lot will provide parking for semi-trucks and trailers and is anticipated to help generate additional income.
Large Sports and Fitness Center near Dallas - LIG has started to negotiate to identify funding for a 36 acre mixed used development that will incorporate sports and fitness training for athletes and individuals, and provide a venue for sporting events. There are plans for a regulation size football field and soccer field, a fitness and development center, 3 regulation size basketball and volleyball courts and much more. In addition there are plans for retail stores inside the recreation center. The funding amount for the project is approximately $20 million.
Five Additional Hotel Properties for Established Hotel Chain in Louisiana - The purchase price for all five hotel properties in $35 million. LIG is negotiating the contract and is waiting for a counter offer.
Tyler, Texas Hotel - LIG has purchased land in Tyler, Texas and is preparing for construction for a new hotel. An operator for the hotel has already been identified. The operator has expressed interest in locating additional properties and LIG now has three under review.
Almond Ranch in Central California - LIG Assets has signed an MOU to purchase about 3,000 acres of land in the heart of the San Joaquin Valley. Total funding to develop the almond ranch and a biomass plant is nearly $40 million.
Twelve Barbecue Restaurants in Texas - LIG is negotiating for the purchase and lease back of a chain of 12 well-known popular barbecue restaurants located throughout Texas.
Pawn Shops - LIG Assets has formed a partnership with a pawn shop chain to acquire additional locations and lease the properties to the pawn shop.
Terry's Supermarket - LIG Assets acquired one location and leased the property. LIG plans to locate several more properties for Terry's Supermarkets.
Summary of Current Projects - Austin Office
Three Automotive Tire Centers in Texas - LIG has agreed to terms to acquire these properties, and expects to execute the contract any day.
Prison Facility in Wisconsin - LIG may acquire this facility from a private company that is the current owner.
Casino in Cripple Creek - This is a different casino property in Cripple Creek than the one where LIG sold its contract rights. This deal is ready to contract pending final approvals from management
Wakeboarding Extreme Sports Complex - Execution of documents is pending as the owner awaits closing of another deal.
Additional Locations for Large Chains - The Austin office is working with major developers representing well known retail chains throughout Texas. We expect to contract two major sale and leaseback opportunities within the next 60 days, creating a pathway into this market segment.
Summary of Current Projects with Texas Hedge Fund
Office/Warehouse Property - InterContinental Real Estate Partners, MMR Realty Advisors & LIG Assets plans to acquire and broker a 137,000 square foot office/warehouse in Carrolton, Texas in the amount of $8.4MM.
Clarion Hotel - A Clarion Hotel in Shreveport, LA is being purchased and the repositioning strategy will be to include video poker gaming. Additional upgrades and improvements could total $5-6 million. An LOI has been signed and the purchase could take place by the end of July.
About LIG Assets, Inc.
LIG Assets, Inc., based in Dallas, TX, is a Company focused on residential and commercial real estate. Through our Strategic Alliance with Texas Real Estate Hedge Fund, MMR Realty Advisors, InterContinental Real Estate Partners and other funders, LIG Assets has expanded its focus on multifamily, retail, hotel, and office properties with valuations between $1 million and $100 million.
LIG Assets, Inc. trades on the pink sheets under the ticker symbol "LIGA". For additional information, please visit LIG Assets corporate website: .
Forward-Looking Statements
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file at .
Contact Information:
LIG Assets, Inc.1700 Pacific Ave. Suite 2600Dallas, TX 75201(214) 760-1000Email: jefflove@ligassetsinc.net
SOURCE LIG Assets, Inc.
Don't be so sure; that was a clear case of panique selling. It could have gone even lower, should some of us not jump to the opportunity toward the EOD.
Mike
Bring it on; I took several MM gamble 2day - mix bag: @ 0.0007 first & then an equal # @ 0.0006. Should some funds come in, I'll be looking for more @ these prices.
I also believe LHPT is ready for a run with or w/o news; with some news (any news) it should even be a MOMO run, IMO.
Mike
Thanks, folks. Tried to make an entry this AN, but due to the chill could not. I'll keep an eye on PVSP. Addressing it (the chill) could be good for the P/S, which right now me think might be a good entry point.
Mike
Anyone knows where the "additional income" comes from:
http://www.otcmarkets.com/stock/PVSP/financials#
TIA,
Mike
BONU overkill, IMO. I'm in!
Mike
Top lists, invite mostly day traders. No need for them on a fast growing company such as TEWI.
Mike
Yes, ITMV is waking up, & it's about time to do it with the very low AS, OS & Float:
Share Structure
Market Value1 $145,387 a/o Jul 16, 2013
Shares Outstanding 34,615,937 a/o May 10, 2013
Float 7,500,000 a/o Mar 25, 2011
Authorized Shares 100,000,000 a/o Mar 25, 2011
Par Value 0.001
Shareholders
Shareholders of Record 902 a/o Mar 30, 2012
Mike
Yep! EOM
Mike
Nice! EOM
SAFC
Mike
Sure it does; it could do it today? Volume is going up.
Mike
Nice going!
SAFC
Mike
Here you are:
http://www.otcmarkets.com/stock/TEWI/news
Mike
Nice DD, 'stervc.' A good job @ doing it, as usual.
Mike
Titan Energy Reports 2nd Quarter Profits of $245,000 on $6 Million in Revenue
Jul 09, 2013 (ACCESSWIRE via COMTEX) -- Company Reports 30% Increase in Sales Revenues for First Six Months of the Year Compared to 2012
Minneapolis, MN - July 9, 2013 (eTeligis via ACCESSWIRE)- Titan Energy Worldwide, Inc. (OTCQB:TEWI), a leader in distributed power generation products and intelligent energy management services, today announced that the Company has released preliminary financials for the second quarter of 2013. For this period, the Company reports profits of approximately $245,000, the first profitable quarter in the Company's history. The 2013 2nd Q revenues of $6.3 million were 18% higher than the same quarter in 2012; while for the first 6 months of 2013, the Company posted a 30% increase in revenues compared to the same period in the prior year. The Company plans to release its unaudited financial statements in the next few weeks.
Stated Jeffrey Flannery, Chief Executive Officer of Titan Energy Worldwide, Inc., "Titan Energy has achieved profitability for the first quarter in our Company's history. We have also achieved record revenues in the first six months of this year, putting us on course to achieve our growth projections for 2013. Our continued focus on growing our higher margin service business and expanding our national accounts has helped us to achieve these all-important goals."
"Orders for RICE NESHAP modifications on generators enrolled in utility demand response programs also added significantly to our 2nd quarter performance. We expect work in this area to continue and are now projecting installations far into September of this year. At the same time, Titan's remote monitoring system for EPA sanctioned emissions readings has been installed in several generators and is working very well. These programs are an ideal way to showcase our new technology solutions as I believe Titan is the only company with a proprietary monitoring program that services both generator functions and EPA emission requirements," added Mr. Flannery.
About Titan Energy Worldwide, Inc.
Since its founding, Titan Energy Worldwide has been dedicated to helping companies meet their power generation and energy management needs. To date we have focused on providing thousands of customers with the most advanced power generation equipment to enable their operations to continue uninterrupted during times of power failures or disasters. We have also established a professional service team that helps customers to maintain and manage their power generations assets. From emergency and backup power technologies, to demand response programs and Smart Grid applications, Titan Energy is setting a path for the future in energy management. For more information, please visit the company's website at: www.titanenergy.com.
Forward-Looking Statements
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of TEWI officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future TEWI actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and TEWI has no specific intention to update these statements.
For more information about Titan Energy Worldwide please contact:
Jeffrey Flannery
Titan Energy Worldwide, Inc.
952-960-2371
jflannery@titanenergy.com
Source: Titan Energy Worldwide
http://www.accesswire.com/img.ashx?id=405708
My opinion. Once more people understand TEWI's line of business and it's realistic accelerated growth potential, the P/S won't stay below say 0.1 for too long.
Mike
One can expect a few damage control PR's this month. If credible, FLPC, should still have IMO a big jump b4 the shareholders meeting.
Mike
It will, and soon, IMO. Waiting patiently.
FERN
Mike
Yes, it's about that long since I realized CIRT was a bad joke, & of course got out. Wish pepople instead of going negative on alerts such as mine (and most probably they were many others, b4 & after), will start lookking into their darling scam.
Mie
Agree! ITMV
Mike
It's because most people won't do even a basic DD on the company they are trowing their money into, i.e.:
http://www.otcmarkets.com/stock/CIRC/company-info
Those people you're reffering to should at least do a Google search on the CEO. Enough said,
Mike
See Note 5 – Notes Payable:
The Company has an unsecured note payable to an unrelated third party at March 31, 2013 in the principal amount of $325,000. The note has an imputed interest rate of 6% per annum, the effects of which are immaterial to the financial statements taken as a whole. The note is past due, is currently payable on demand, and has a conversion into common shares feature. The promissory note will not convert into more than ten percent of the Company’s shares pursuant to an agreement between the parties.
The Company has an unsecured note payable to an unrelated third party at March 31, 2013 in the principal amount of $60,000. The note has an imputed interest rate of 6% per annum, the effects of which are immaterial to the financial statements taken as a whole. The note is currently payable on demand, and has a conversion into common shares feature. The promissory note will not convert into more than ten percent of the Company’s shares pursuant to an agreement between the parties.
The Company has an unsecured convertible note payable to an unrelated third party at March 31, 2013 in the principal and interest amount totaling $65,000. The note has an imputed interest rate of 6% per annum, the effects of which are immaterial to the financial statements taken as a whole. The note is past due, is shown as currently payable in the accompanying balance sheet, and is due on November 2, 2012. The loan is convertible into 4,000,000 shares of common stock representing the principal portion of the loan only.
UPZS Share Structure
Market Value1 $185,280 a/o Jun 27, 2013
Shares Outstanding 92,639,967 a/o Jun 27, 2013
Float 22,238,502 a/o May 15, 2013
Authorized Shares 300,000,000 a/o May 15, 2013
Shareholders of Record 2,750 a/o May 15, 2013
Mike
UPZS Tier Change
Fri, Jun 28, 2013 12:00 - Unique Pizza & Subs Corp. (UPZS: OTC Pink Limited) - Tier Change - The symbol, UPZS, no longer is classified as OTC Pink Limited. As of Fri, Jun 28, 2013, UPZS resides in the OTC Pink Current tier.
Mike
You're not alone. Yes, the fact that the 10-Q is out proves that UPZS is alive. Let's see the market response 2day.
Mike
Got them 2day.
I have a larger order @ $18/share. Let's see if I get any.
JASO might indeed do a small number R/S; but not in the near future. The last R/S (1:5) was on December 10 (if I recall), and although the OS is slowly picking up, it is still too small to justify it:
http://www.marketwatch.com/investing/stock/jaso/financials/income/quarter
Disclosure: Sold my position last month, so take anything I have to say with a grain of salt. Looking for a reentry point, but if I decide to do so, it won't be for a while. I want, first, to see a return to a positive net income.
They will do a RS soon. They voted on this in their annual meeting
Yes, it sure does, IMO. Have got back in about 2 years ago, during the summer traditional (for KIRK) bottom, and took my reward a few months later. Q2 is usually bad, and (from the last filling) the expectations are not good: "For the second quarter ending August 3, 2013, the Company expects a net loss of $0.08 to $0.11 per diluted share."
Howdy mike! U reckon this is a good one to short from these levels? Lookin like some good room to take a dump here to me..
Just by looking @ Level II, obviously VERT with its fake 10K @ 0.004 Ask is keeping it down. Next Ask is @ 0.007. Getting shares from VERT & VFIN is usually good.
Mike
Got 40's and a few more (150K) @ 36. The business sounds sound to me, so one can expect a good recovery. However, VERT has to go away. Do you know how much is still there to convert?
TIA,
Mike
Just got in SAFC. Why is it @ this low price?
Mike
Finally some news; a good step forward, me think.
Mike
I wonder what you'll have to say (or complain about) after UDHI (in partnership) starts manufacturing & and has the exclusive rights to selling the atmospheric water machine.
Enough for now; Good night!
Mike
Wow; you were fast to answer! Only think is that this CEO understand where the big money will come from, and by adding to UDHI's dentistry practice the atmospheric water generator (AWG) history will prove it was the right approach.
Sure, if they fire the CEO and hire another one?
Will, in time, UDHI follow SIRO's trend?
http://www.marketwatch.com/investing/stock/siro/charts?symb=SIRO&countrycode=US&time=20&startdate=1%2F4%2F1999&enddate=6%2F19%2F2013&freq=1&compidx=none&compind=none&comptemptext=Enter+Symbol%28s%29&comp=none&uf=7168&ma=1&maval=50&lf=1&lf2=4&lf3=0&type=2&size=2&style=1013
Dentistry alone, while a good business, won't satisfy investors thirst for fast growing revenue/net revenue.
What then? The first sale of the "atmospheric water generator (AWG)," IMO, will no doubt be the starting point of a great money making (still below 1 penny?!?) ridiculously undervalued stock.
Enough said,
Mike