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I mean really is there a better CEO in the otc than Jan? I think people would be hard pressed to find one. Absolutely amazing deal he pulled off. Now back to my hole long and strong PGUS
Yes sir, talk about highway robbery he never ceases to amaze
I know you weren't that's why I responded, we continue to share a ride in one of the best stocks in the otc though I don't speak up much over there and I believe we have another right here, best of luck in your trades
Good question
That would be accurate, check out the old pr's
There is no toxic debt, there has only been 160M shares issued to insiders which was done June 1 of 2016 which carries a 1 year restriction which you can see here.
There are also 50M shares of preferred that can convert into 50M commons but I don't believe this has occured. Other than these shares nothing had been issued for nearly two years now. If you read the last press release you'll see the company is a bit confused as to where this stock is coming from see the quotes below.
"In addition, Chairman and Corporate Counsel Aric Simons will conduct a comprehensive review concerning stock sales by all company management and advisors to confirm that stock sales, if any, were executed according to the law. Current rules prohibit sales of restricted stock in a company like LIGA for at least one year from the date of issuance."
"Mr. Simons stated, "Our primary goals have been clear; to build a high growth, profitable company and ensure the integrity of our actions." He added, "In our effect to attain success, we want to make certain we have our shareholders' best interest in mind and be certain everyone is playing by the rules. If a restricted shareholder has acted improperly, we will take action to demand return of the shares to treasury or place a lien of those holdings until all questions are resolved."
The appearance to me is that someone has jumped the gun with their restricted stock and is shorting ahead of it coming due but unfortunately for them that's still nearly 3 months off.
Hey Allen, there are no toxic notes good to see you here
Seems like more of a nightmare in your case, ooooppppsss
You don't have the money to short this keep dreaming
Going to be hard to get your shares back now oooopppps
Nice consolidation day here before the next pop, let the impatient out and new longs come in
Done!
Shake shake shake, take take take those shares!!!!!
Yeah good job selling teens before the dump BRILLIANT!!!!!!
Says the guy that sold 100% ago
L2 is silly thin here
Awesome news Go LIGA
You own 10M shares and you're worried about a measly milly?
Beautiful chart, not much resistance above from here looks like a copper run may be coming
Great day here and we haven't even started yet Goooooo LIGA!
yep someone is giving up all their stock to try to keep this down to reload cheaper
It's pretty simple they sold and want back in lower, these guys make decent money keeping it in a channel but I'll be glad to see it finally break out of their grasps
Here's a link to the BGTV website for those interested http://www.bgtvdirect.com
Isn't the float 88M? I see a few people saying they're maxed out if the O/S is 199M then that's 9.9M for just under 5% which mean only 9 guys maxed out would own it all
Solid day here again, are we ready for new highs?
Nice post, definitely a game changer with today's news they just opened up so many different potential revenue streams to add to their core business
You read it correct, if Dwyer delivers on his promises this is an easy 10 bagger
Think the company is beginning the buyback early? Can definitely get a lot more shares for your money down here
O/S but you could always file an sc13g
Pew pew
Shhhhh..... hunting wabbits
So EXAD is going to be an MJ company after the spinoff and only 88M float, come to papa this is a multi penny stock
Looks to me like we're just finishing up the interest
Notes about done? From yesterday's filing.....
Subsequent Events
From January 1, 2017 through February 17, 2017, $599,620 in June 8, 2016 promissory notes and related interest that were in default have been converted into 127,484,915 shares of common stock. The Company anticipates that additional outstanding debt will be converted into common shares from available authorized common stock.
Convertible Note
On June 8, 2016, the Company issued promissory notes for cash totaling $500,000. The principal amount due on the notes was $587,500. The notes are due October 8, 2016 and bear interest at 5% per annum. The agreements include warrants to purchase shares of common stock at 150% of the face value of the notes with an exercise price equal to the price per share of the Company’s next equity round of financing. In the event of default, the note holders may convert the notes and accrued interest into shares of common stock at a price equal to 60% of the volume weighted average price of the common stock during the 30 day consecutive trading day period immediately preceding the trading day that the Company receives a notice of conversion. If the closing bid price of the common stock is less than the above conversion price on the date following the conversion date on which the note holder actually receives common shares, then the conversion price shall be deemed to have been retroactively adjusted, as of the conversion date, to a price equal to 75% multiplied by the closing bid price of the common stock on the date the common stock is received, and the Company shall issue additional shares based upon the difference between common stock initially issued and the shares due based upon the revised number due. The warrants were valued at approximately $254,000 using the Black-Scholes-Merton option pricing model, and recorded as a discount to the note payable, along with the original issue discount. Because the number of warrants was fixed, such instruments were not considered derivative liabilities. The notes are secured by all of the stock, options, and warrants of the Company owned by Kevin Maloney and Gregory Hrncir. The Company is currently in default on payment of the promissory notes. The amount of principal and accrued interest increased by 25% under Rights and Remedies Upon an Event of Default in the promissory notes agreements. As of December 31, 2016, $8,066 in promissory notes have been converted to 210,791 shares of common stock. All remaining such notes and accrued interest were outstanding as of December 31, 2016. Due to the notes becoming in default in October 2016, thus triggering the conversion feature, and the price protection feature of the conversion feature, the embedded conversion features were considered to be derivative liabilities. As such, the Company recorded a derivative liability and additional debt discount of $390,774, based on the estimated fair value of the derivative liability on the debt default date. See Note 8 Subsequent Events regarding additional conversions to common stock.
So based on yesterday's filing looks like dilution is about done am I seeing that right?
Even with nothing going on at all this would be a good spec play at these prices with the tiny share structure
I saw a nice out for you on the bid today if you really had that much stock and wanted out but I smell bullshit
Don't have any thoughts just passing it along