Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Right. Thank you.
Thanks, Notabadguy. So you're saying that all 800 million of the former A/S were reserved, though not issued, which is why they had to increase the A/S?
I have a question about the O/S as reported on OTC Markets. As we know the A/S (Authorized Shares) was increased from 300,000,000 to 800,000,000 on June 27th, and now it is about to be raised to 5,000,000,000. However OTC Markets reports that the O/S (Outstanding Shares) were just 317,623,009
as of Aug 15, 2017.
So my question is this: Does anyone know how accurate the O/S reported by OTC Markets is? Can we use it as an indication that the O/S hadn't as of August 15th gone up very much, indicating not so much dilution?
http://www.otcmarkets.com/stock/LCLP/profile
None yet.
I think that's a fair assessment.
Life Clips enters into Sales Representative Agreement with Pebblebee™
Life Clips receives exclusive rights to sell Pebblebee products to high profile customers including but not limited to Amazon.com, AT&T, Best Buy, Staples, Target
GlobeNewsWire
AVENTURA, Fla., Aug. 15, 2017 (GLOBE NEWSWIRE) -- Life Clips, Inc. (OTCQB:LCLP) (the “Company”) a provider of global sourcing, supply chain, logistics and sales and marketing services, announced today that it has entered into a Sales Representative Agreement with PB, Inc doing business as Pebblebee™ (www.pebblebee.com).
Under the terms of the agreement, LifeClips has been authorized to sell and promote the sale of Pebblebee’s products on a worldwide basis with a right to sell Pebblebee™ products to specialty customers including but not limited to Amazon.com, AT&T, Best Buy, Staples, Target on an exclusive basis.
Commenting on the agreement, Huey Long, CEO of Life Clips stated: “As we evolve our global sourcing strategy, a key element is multi-channel sales and marketing. This relationship with Pebblebee expands the breadth of that strategy for Life Clips and partners us with a prestigious provider of unique Bluetooth wireless products. By having the exclusive rights to sell Pebblebee products to high profile customers, we look at this as a significant revenue producing opportunity.”
Pebblebee™
https://pebblebee.com/
Since 2013 Pebblebee™ has helped people save time and locate millions of lost items. Pebblebee’s Flagship product is the Finder with it's Surgical Stainless Steel construction, Gunmetal and Black / Rose Gold and White options, up to 200 ft range, loud buzzer, LED indicator, replaceable battery, works without app running on phone, helps you quickly locate your belongings, and your Phone through the free Pebblebee App. You can even ask Amazon Alexa to help you find your keys and phone with the Amazon Pebblebee Skill.
As of July 2017 Pebblebee™ has received five issued USPTO patents with over a dozen additional patents currently being examined and prosecuted. Pebblebee™ has integrated their technology and worked with many large and small corporations. Over 800,000 Pebblebee units have been sold worldwide and growing with the latest Finder product. Active users helping thousands of people find things on a daily basis. Millions of users helping each other find lost items through our CrowdGPS™ Network. Pebblebee™ recently launched It's Always Connected campaign, integrating their patented technologies into any non-connected product to keep consumers connected to their most prized possessions.
Life Clips has expanded the investor relations website. Several new sections just added.
https://lifeclips.com/
Never too late. :0D
You're welcome, Endo. And I agree. One thing that could affect the pps greatly is the annual report that is due soon. The company always files it's annual after the second quarter. Annuals are due 90 days after the quarter ends, rather than 45 days which quarterlies are given. So we would expect them by the end of September. Though the company could file for a 15 day extension into mid October.
Here you go, Endomon77:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133600127
If they start counting from the day the pps was last above $.01, we have until the end of October to get the pps up to or above $.01 for ten consecutive trading days. If they start counting 30 days after the pps was last above $.01, we have until the end of November. If we fail to reach that goal, we go to Pink.
Nothing like a little MJ to start off the day. ;0)
I'm expecting good things, Knorrel, given the new management and very encouraging recent developments. Can't guess the timeframe. Am looking forward to the annual report that will be out in September or October. In the meantime who knows what news might hit at any time?
Good work, Mula. Thank you!
In order to remain on the OTCQB the company is going to need to get the pps back up to .01 within the next few months. Once falling below .01 per share, OTCQB companies have a grace period of 180 days in which to regain and maintain a closing bid price of .01 for ten consecutive days. We have been below .01 since the end of April. So depending on how the rules are interpreted, we have until the end of October or November to get the pps back up if we are to stay on the OTCQB.
I would imagine this is a high priority for the company, and I'm confident we can do it. New management has taken the company in a very good direction.
OTCQB ongoing requirements
"All OTCQB companies must meet the minimum bid price of $.01 per share at the close of business of at least one of the previous thirty (30) consecutive calendar days; in the event that the price falls below $.01, the company will begin a grace period of 180 calendar days to maintain a closing bid price of $.01 for ten consecutive trading days;"
You're welcome. But If I'm not mistaken, companies have 90 days to file 10-K annual reports as opposed to 45 days to file quarterly reports. So we could be talking about the end of September. And then of course they could file for a 15-day extension, making it mid October. The NT 10-K annual report filed for the quarter ending June 30, 2016 was filed on September 29, 2016, and the annual report itself wasn't filed until October 14, 2016. However it was considered timely.
For the second quarter the company normally files its 10-K annual report. In the past it has sometimes filed an NT 10-K on the due date, giving itself another 15 calendar days to file the 10-K. Sometimes it doesn't meet that deadline and loses "current" status briefly, eventually filing the 10-K and regaining "current" status. So we'll see.
A pop-up on the Somatics website says, "We will be upgrading to a shiny new site later this month."
https://somatics.org/about
Any investor who would like to hear the recording of the July 6th conference call with CEO Huey Long can email David Kugelman at dk@atlcp.com or ir@lifeclips.com and he will send the audio file as an attachment. A few of us have done so. David Kugelman said they had problems putting the audio on the website. (And now of course they are in the process of creating the new website.) However he said he would be happy to email the attachment to any who are interested.
Yes, Bishop, the company has indicated its commitment to making Mobeego a success. In the recent conference call CEO Huey Long said it is one of his goals. As well, here are some recent OTC disclosures about Mobeego:
Distribution agreement in Japan
$450,000 investment commitment
Distribution agreement in Thailand and Taiwan
Yes, thanks, Downdraft. Several weeks ago I emailed the Company to let them know that there was a problem with the old website, and got a reply from Dave Kugelman about it. Since then they removed the old website listing from OTCMarkets.com and the new website was created. They appear to still be in the process of setting it up. I suspect they will announce when it is complete.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133003891
That's right, Tadaaa. The AS increase was announced on June 8th, and was discussed extensively on this board.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132023249
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132571645
Looks like a new website. In the recent past www.lifeclips.com either didn't function, or redirected you to their Mobeego website. Now they have a new website, I see, though it still looks unfinished. I notice too that they have removed the website listing from the company profile page at OTCMarkets.com. Probably in preparation for the new website when it's complete. They'll probably announce the new website when it's ready.
lifeclips.com
Great stuff, Sibware. Thank you!
Sure is, Bishop.
Quite a day!
Life Clips forms new division to pursue Government and Military Procurement and Sourcing opportunities
https://globenewswire.com/news-release/2017/07/31/1064857/0/en/Life-Clips-forms-new-division-to-pursue-Government-and-Military-Procurement-and-Sourcing-opportunities.html
July 31, 2017 07:30 ET | Source: Life Clips, Inc.
Life Clips Government and military procurement division to be led by government affairs and military veteran Edward J. Schmidt.
As a result of the company’s recent acquisition of Ascenda International Corporation, Life Clips can provide end to end procurement and sourcing for many government and military requirements.
AVENTURA, Fla., July 31, 2017 (GLOBE NEWSWIRE) -- Life Clips, Inc. (OTCQB:LCLP) (the “Company”) a provider of global sourcing, supply chain, logistics and sales and marketing services, announced today it has formed a new division to pursue government and military sourcing and procurement opportunities. This division will be led by DOD veteran, Edward J. Schmidt.
Ed’s international background and accomplishments supported US (DOD/State Department), NATO, United Nations and foreign government (MOD/MOI) defense and aerospace development and sustainment for land, air and sea platforms. His military background in various commands and senior staff positions provided leadership, resource management, and major logistic support to successfully deploy, sustain, and transition US and NATO forces, globally. Ed’s 20+ years in the private sector led startups, M&A, change management, and global sourcing for IT, Managed Services and Defense/Aerospace industry. Ed is a Senior Advisor to the National Defense Industry Association (NDIA) as well as Picatinny Arsenal, Aberdeen Proving Ground and UN – Office of Disarmament Affairs. Previously, under the US Army Congressional Fellowship Program, Ed served as Program Lead and Recruiting Liaison Officer (RLO) for Japan’s Ground Defense Force (GDF), which for the first time in Japan’s history met its National GDF recruiting goals and objectives. Ed’s professional credibility is further enhanced by his MBA from Air University/Syracuse University and his Bachelor of Science in Business Administration from Saint Norbert College, coupled with his military service as a Defense Comptroller and Contracting Officer.
Commenting on the new division and the appointment of Mr. Schmidt, Huey Long, Life Clips CEO, stated “The acquisition of Ascenda, coupled with our organic sourcing and logistics growth, has positioned Life Clips to pursue the multi- billion dollar Government and Military Procurement and Sourcing opportunities. By forming this new division, we will be in a position to pursue both domestic and international contracting and bidding opportunities. There is no better executive to lead this group than Ed Schmidt. Ed is a seasoned government and military executive and has served our country for many years. I look forward to working with Ed to rapidly grow this division.”
That is indeed monster news!
Yes it sure does, Superhoops. :0D
Ah, yes, there it is. It didn't pop up in my news window with Fidelity, so I had to go search for it, and there it is. Someone has filed a Form 13F, showing ownership of MSTF shares in their portfolio. I recently saw one of these in another ticker as well.
Here's an explanation of Form 13F.
http://www.investopedia.com/terms/f/form-13f.asp
Thanks, Superhoops. It hasn't popped up on Fidelity yet. Will keep an eye open.
Interesting. What is it?
The chart's looking interesting.
Any investor who would like to hear the recording of the July 6th conference call with CEO Huey Long can email David Kugelman at dk@atlcp.com or ir@lifeclips.com and he will send the audio file as an attachment. The recording is not yet on the website.
To reach the website visit http://lifeclips.com/. The site automatically redirects to our Mobeego website.
I received a nice reply from David Kugelman about the conference call audio. He was not able to provide a link to the audio as there are website issues. He did however send the audio to me as an email attachment, and I was able to listen to it.
Concerning the website issues, I pointed out the problem with the website http://www.lifeclips.com, and he suggested using lifeclips.com, not www.lifeclips.com. I found that when I do, it automatically redirects me to https://mobeego.com which is the Mobeego website. So I pointed out that http://www.lifeclips.com is still listed as the Life Clips official website, though it doesn't work. At least for me it doesn't. Hope this gets corrected.
I was out and had to miss the conference call. However they said they would later provide an audio link for those who missed the call. I'll post it as soon as they make it available.
NEWS: Conference Call tomorrow.
http://www.globenewswire.com/news-release/2017/07/05/1039060/0/en/Life-Clips-Huey-Long-to-Host-Investor-Conference-Call.html
Life Clips' Huey Long to Host Investor Conference CallHuey Long, newly appointed CEO of Life Clips Inc., to host his first Investor Conference Call on July 6, 2017 to discuss the launch of the Company’s new Global Sourcing Business and Its Recent Acquisition of Ascenda International Corporation.
AVENTURA, Fla., July 05, 2017 (GLOBE NEWSWIRE) -- Life Clips, Inc.(LCLP) (the “Company”), a provider of global sourcing, supply chain, logistics and sales and marketing services, will host a conference call for investors, media and other interested parties on Thursday, July 6, 2017 at 10:30 am EDT, to discuss the launch of its new Global Sourcing Business and its recent acquisition of Hong Kong Ascenda International Corporation.
The call will be hosted by newly appointed CEO, Huey Long. Mr. Long will discuss his vision for the Company, the new business model and his aggressive growth strategy to position the Company as a world leader in Global Sourcing.
Conference Call Information
The conference call will be listen-in only, but will include a Q&A session comprising questions submitted by current or potential shareholders. To participate in the call, please dial (888) 390-3967. Interested parties may send their questions to ir@lifeclips.com until 5 p.m. Eastern Time the day prior to the call. For those unable to participate in the conference call or the webcast, a recording of the call will be made available.
CONTACT INFORMATION:
For Business, Marketing and Sales
Huey Long
Chief Executive Officer
info@lifeclips.com
Life Clips Investor Relations
David KugelmanAtlanta Capital Partners, LLC
(404) 856-9157
(866) 692-6847 Toll Free - U.S. And Canada
dk@atlcp.comImage: Primary Logo
Source: Life Clips, Inc.(LCLP)
2017 GlobeNewswire, Inc.
Thank you, Edward.
I have a question about the rules, specifically about Violation of Privacy. I know that posting the contents of a private message without the author's permission is a violation of privacy. Is it also a Violation of Privacy to share the content of a private message with others via private message without the author's consent? For example, to copy someone's private message and PM it to a group of others without the author's permission. I assume it's a violation, but am not sure. Thanks.
They filed properly for the increase, which hasn't taken effect yet, by the way.
New management just closed an important acquisition. All filings are current. Looks aboveboard.