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http://www.christianretailing.com/index.php/newsletter/latest/26317-sec-charges-left-behind-games-founder-with-fraud
http://www.christianitytoday.com/gleanings/2013/october/left-behind-games-charged-with-fraud-sec.html
http://blog.pe.com/business/2013/09/27/murrieta-founder-of-left-behind-games-reacts-to-sec-charges/
http://thehill.com/blogs/regwatch/finance/324511-sec-charges-left-behind-game-ceo-with-cooking-books-
http://www.reuters.com/article/2013/09/25/sec-leftbehind-idUSL2N0HL0WX20130925?feedType=RSS&feedName=governmentFilingsNews
All those people giving him those testimonials, may not be giving them to him after what the SEC has now stated.
No. That's OLD news.
Anything since the mass resignations ?
Has anyone recently heard from He who shall not be named ?
He was always so quick to blame others for his own intentions towards investors.
No. Not a chance.
I've already checked it out.
No value whatsoever, as no one wants a shell from a company that had been the target of an SEC investigation for fraud.
Too many others out there without all that negative baggage.
......and the SEC had even more.
I wonder how many shares were stuck in the hands of trusting investors.
PLOP !! Back to .0001, back to normal.
For starters, read post 38204 in the Sticky box.
It's a filing done by He who shall not be named.
Unfortunately, the company walked away from all remaining shareholders.
That must've been the plan, if they couldn't get the 50k to 1 reverse split, then they just openly kept any profits, and now they're gone.
Simple.
NOTE: This stock ONLY trades on the GREY MARKET !!
There's no reason to wait and see anymore.
Nothing exists.
Stockholders make nothing from the other company, and LFBG doesn't sell anything anymore.
He who shall not be named scammed the investors for years, made products, and failed to show anything for what was being sold.
Forever blaming everyone else for the failure of the pps to hold any gains, while selling off billions of shares in an ever decreasing pps due to the immense number of shares outstanding.
Lifeline does sell their products that they USED to own. The company known as LFBG no longer exists as a working company, so the stock is worthless, as it's now based on no products nor personnel.
Correct, because LFBG and the Public Entity as it was before, no longer exists.
However, I've found several instances where Jeff Dotson has been linked to LFBG, for example :
http://www.investorpoint.com/stock/LFBG-LEFT+BEHIND+GAMES+INC/news/26899218/
No real company anymore.
No assets, nor employees, nor a board of directors, and the website is now owned by Lifeline, not by LFBG.
Whether or not the former board of LFBG got anything, or will get something from Lifeline is something we have no way of finding out about.
But nothing now can affect the stock other than some people trading in a stock with no intrinsic nor extrinsic value.
How come no one mentioned the FACT that the pps was stuck on .0001 for the LONGEST time, and never even hit .0002, yet soon after the company all but totally folds away, it jumps directly to .0006 ?
Totally dead.
It's on the GREY MARKET, and the company has no infrastructure anymore, nor products to sell, as they all went to another company.
It's just stock with no substance, and some very desperate shareholders out there trying to make a dead horse move by trying to trick those who haven't read the resignation filing of the former board of directors of LFBG.
It's just an empty shell.
No. Read post 38204
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS’ ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENT OF CERTAIN OFFICERS
(b) On October 8, 2013, Troy Lyndon, our chief executive officer, chief accounting officer and chairman of the board, in addition to Richard Knox, Sr. and Richard Knox, Jr., our independent directors of the board, resigned effective October 9, 2013.
------------------------------
------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-1004
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
October 8, 2013
Date of Report (Date of Earliest Event Reported)
LEFT BEHIND GAMES INC.
(Exact name of registrant as specified in its charter)
NEVADA
000-50603
91-0745418
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
1670 Makaloa Street, Suite 204, Honolulu, HI
96814
(Address of principal executive offices)
(Zip code)
(951) 234-5995
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
--------------------------------------------------------------------------------
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On October 8, 2013, Left Behind Games Inc. (herein “Company”) entered into a definitive agreement with Lifeline Studios to resolve the parties’ legal dispute and resolve associated debt obligations. A copy of this agreement is attached hereto as Exhibit 99.1, and is incorporated herein by this reference.
ITEM 4.02 NON-RELIANCE ON PREVIUOSLY ISSUED FINANCIAL STATEMENTS OR A RELATED OR RELATED AUDIT REPORT OR COMPLETED INTERIM REPORTS
On September 3, 2013, MaloneBailey resigned as the Company’s independent registered public account firm. On September 26, 2013, MaloneBailey informed the Company that that due to the SEC complaint and findings therein, it can no longer support its opinion dated August 3, 2011 related to the audits of the consolidated financial statements of the Company as of March 31, 2011 and 2010.
Attached as Exhibit 16.1 is a letter from MaloneBailey addressed to the Securities and Exchange Commission stating that it concurs with the statements made by the Company with respect to MaloneBailey in this Current Report on Form 8-K.
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS’ ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENT OF CERTAIN OFFICERS
(b) On October 8, 2013, Troy Lyndon, our chief executive officer, chief accounting officer and chairman of the board, in addition to Richard Knox, Sr. and Richard Knox, Jr., our independent directors of the board, resigned effective October 9, 2013.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No.:
Description:
5.02.1
5.02.2
5.02.3
16.1
99.1
Resignation letter of Troy Lyndon
Resignation letter of Richard Knox, Sr.
Resignation letter of Richard Knox, Jr.
Letter from MaloneBailey to SEC
Intellectual Property Exclusive License and Ownership for Debt Release
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
LEFT BEHIND GAMES INC .
DATE: October 8, 2013
By:
/s/ TROY A. LYNDON
Name:
Troy A. Lyndon
Title:
Chief Executive Officer, Chief Financial Officer and Chairman of the Board
Exhibit 5.02.1
October 8, 2013
Resignation
I, Troy Lyndon, resign from my position as Chief Executive Officer, Chief Accounting Officer and Chairman of the Board of Left Behind Games Inc., a Nevada corporation and its subsidiaries, effective October 9, 2013.
/s/ Troy Lyndon
Troy Lyndon
Exhibit 5.02.2
October 8, 2013
Resignation
I, Richard Knox, Sr., resign from my position as Director of the Board of Left Behind Games Inc., a Nevada corporation and its subsidiaries, effective October 9, 2013.
/s/ Richard Knox, Sr.
Richard Knox, Sr.
Exhibit 5.02.3
October 8, 2013
Resignation
I, Richard Knox, Jr., resign from my position as Director of the Board of Left Behind Games Inc., a Nevada corporation and its subsidiaries, effective October 9, 2013.
/s/ Richard Knox, Jr.
Richard Knox, Jr.
Exhibit 16.1
October 8, 2013
Office of the Chief Accountant
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
We have read Item 4.02 included in the Form 8-K dated October 8, 2013 of Left Behind Games, Inc. to be filed with the Securities and Exchange Commission and are in agreement with the statements related to our firm.
Sincerely,
MaloneBailey, LLP
Houston, Texas
www.malone-bailey.com
Exhibit 99.1
October 8, 2013
Lifeline Studios Inc.
P.O. Box 2535, Waxahachie, TX 75168
RE: Ownership and Exclusive Worldwide License of Intellectual Property for Debt Release
Dear Jeff,
The purpose of this Letter of Agreement is to set forth the terms and conditions regarding Left Behind Games’ (herein “LBG”) provides to Lifeline Studios (herein “Lifeline” certain exclusive license and ownership rights.
In lieu of any and all debt or legal obligations which LBG may now or hereafter owe to Lifeline, LBG hereby releases any ownership rights, in perpetuity, to any Charlie Church Mouse branded products to Lifeline. And further, LBG hereby grants to Lifeline an exclusive worldwide license, in perpetuity, to market, sell, distribute under any terms, and create new associated derivative products, subject to the rights of any third-parties, the following video games and related intellectual property (herein “Products”).
- Left Behind IV: World at War
- Bible Quest: Journey through Genesis
- Praise Champion 2
- King Solomon’s Trivia Challenge 2
- King Solomon’s Word Games
- Scripture Chess
- Keys of the Kingdom
Lifeline agrees to seek to assume LBG’s royalties and rights agreements with Tyndale House Publishers (10% PC, 4% other platforms) for Left Behind branded products, but Lifeline recognizes that ultimately Tyndale will have to agree on its own to such assumption. With regard to other royalty obligations, Lifeline agrees to provide Curtis Ratica with a royalty equal to 10% regarding sales for Trivia Challenge and Praise Champion products, a 10% royalty (up to $7,500) to Serge & Zoya Koval of Ukraine regarding the sales for Scripture Chess, and a 10% royalty to the developer of Keys of the Kingdom.
Further, LBG hereby grants to Lifeline a non-exclusive license to continue to offer to sell games marketed under the Left Behind Games and Inspired Media brands without any requirement to change such packaging or branding.
Additionally, LBG hereby agrees to transfer to Lifeline, control of LBG ’s “inspiredmedia.com” website in perpetuity, and control as long as necessary or convenient between the parties with regard to “leftbehindgames.com,” except however, that A) in the event LBG is prepared to reset its corporate online presence, the parties shall coordinate to update certain webpages in a manner which does not disrupt Lifeline’s e-commerce and use of “inspiredmedia.com”; and B) any other domains shall revert back to their original owners within 180 days hereafter.
Accordingly, LBG shall not have any right to sell or distribute such Products without the expressed written permission of Lifeline.
In the event of any conflict, the parties’ agree to seek mediation and binding arbitration if necessary to resolve any conflict under the rules of the American Arbitration Association. Either party may file a claim in any jurisdiction, so long as the responding party may participate in such mediation or arbitration telephonically.
By signing below, we both acknowledge that we have read, understand and agree with the terms and conditions herein, and that such terms above represent the entire agreement between us with regard to the subject matter hereof.
/s/Troy Lyndon
Troy Lyndon
/s/Jeff Dotson
Jeff Dotson
No, the company is dead. They made sure of it.
Only on the GREY Market.
Check out www.otcmarkets.com and put in LFBG and see the skull and crossbones.
"LFBG has no assets, no directors, no employees and no business. The shell is empty."
That's a lost $30.
Probably he who shall not be named did it himself.
But does anyone think that he who shall not be named is still making money on those assets, just not as a stock company ?
Does this now mean the SEC has given up on their investigation, or could it be they are now ramping it up ?
So this company took over some, or all of the assets of LFBG ?
http://www.lifelinestudios.com
They all resigned and transfered assets to another company, looks like:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9546735
Thanks for the reply.
Doesn't look good for LFBG stock as it was already at the least possible ask for our screens.
Maybe the former CEO who will not be named can bury barrels of worthless stock certificates out in the middle of the desert.
OTCMarkets.com still shows the stock as SUSPENDED with the skull and crossbones symbol on the page.
If someone wanted to, how can someone buy or sell this stock on the Grey/Gray Market ?
Also, how many zeros past 4 digits would there be to the transaction ?
Where can that market be found ?
Post # 32393 is now more interesting.
It still can go lower, just not on our trading screens, and has already in the past, as it's been at that asking pps for a long time now.
Read Post # 36099
But now until further notice, LFBG is Suspended.
It was only recently the former CEO who will not be named openly sued the SEC, and that's the SEC flexing their muscles towards that former CEO who will not be named.
I don't think there would be any restitution as he's already filed a Chapter 7 bankruptcy last year, and now that his stocks worthless, even the shell won't be worth anything, I believe, and yes, I also lost a PILE of money.
Then again, maybe he's got barrels of money buried somewhere in the Nevada desert like Heisenberg.
Or the equivalent.
LFBG SUSPENDED FROM TRADING !!!
http://www.sec.gov/litigation/suspensions/2013/34-70495-o.pdf
There was never any proof that any stock was ever shorted in this stock by any outsider.
Just accusations by the phony former CEO to blame others for his intentional price drops.
The CEO sabotaged his own stock for it to go down, as it had no reason to stay up, so if it was shorted, couldn't that have been a way for it to tank ?
The CEO lied constantly, and still does.
Troy has been making games all over and keeping all profits while saying he wasn't.
His stock wasn't shorted, and when it ran up on intentional hype, there was nothing but lies to back it up, and it fell down, lower and lower.
It does happen, but not in the case of LFBG.
And did any of those firms have anything to do with LFBG ?
NO!
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