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These shares are only being offered in New York and Connecticut.
Read the filing.
I interpret these to be restricted shares.
They have a schedule in the filing as to what this money is to be used for, either Working Capital or for Acquisitions.
To get any of these 10 Billion shares you have to send a check to the company for no less than $1,500 (minimum 5,000,000 shares).
These aren't being offered through a MM.
Where in any of those filings does it state that the any of the debt that was brought before the court was connected to L4L.
Absolutely nowhere.
Under "Subsequent Events" in the filing the last note issued to LAM was for May 1, 2020. There is nothing for June or July.
LAM is done with its task of debt settlement.
Huss still being there has nothing to do with them.
The creditors being paid are for RBNW debts. Those debts are now paid off.
RBNW is done paying for LAM last note issued May 1, 2020.
So Conrad is trying to raise money for the company with an offering.
Let us see how many takers he gets.
Sorry to deflate your bubble a little but the insiders only own 40% of the OS.
If you look at the figures again you will see that line 5 is a restatement of the first 4 lines.
Insiders control 14,514,763 shares.
They did file for both Sept. and Dec. 2018.
He got in around .02. It's just killing him.
This is just getting started.
24 Mil nice slap!
Build that position.
Now that the debt looks to be cleaned up.
We can look forward to ticker and management changes.
Maybe 13-G filings for those buying up all the dilution.
Went from 500 Mil added on 6/30 to 300 Mil added on 7/16 - debts drying up.
Keep your chin up, we're just about there!!!
How about your Links to the Berends are not really in any business at all.
So the actual trading is going to be driven by less than 1/2 the share count, maybe even less than 1/3.
Friends and Family, I view as long term investors, not as short term traders.
We should see company updates and maybe even a symbol change before then.
A split is always a possibility.
But as I believe the majority of the shares are now probably owned by friends and family, a split would probably be 1:2 and no greater than 1:5.
Wrong.
The Berends get a corporate shell free and clear of all debt.
August 15th, unless they file extension.
It's paying off the debt judgements and the LAM notes.
When they post Q2 we should see that.
So quit crying about the dilution, it will continue until the debt is paid.
Also, you should think about who is buying up all these shares.
They sure as hell aren't going into the hands of flippers.
If nobody wanted them the price would be .0001 or less right now.
Yeah, they never want to address the fact that the company had over $1 million in debt and interest due, which should now be gone.
That's a very positive thing.
Good for him. I would too!!!
We will find that out in the Q2 or possibly earlier PR.
They should no longer need the services of LAM once the debt is fully converted.
The Q2 in due by Aug. 15th., unless there is a Covid-19 extension.
Remember they changed the year end from September back to December.
Update that the debt is paid off and that dilution is stopped.
Once we are current the PR's will roll.
NT 10-Q filed.
10-Q by July 6th.
If the company doing it were professionals in corporate tranfers I would agree with you.
Conrad & Co. may be knowledgeable, but their not everyday professionals.
The takeaway is that they are on top of getting this done right no matter how many times they have to update it.
To Tiger Money and sacco,
You seem to be confusing "revenues" - completed orders
with "sales" - orders taken not yet delivered.
10-k posted After Hours
TCT - I would second your nomination.
Only thing locking you out is your own mindset.
No, I do not agree.
This is ACCUMULATION on a very large scale.
When we have current status we will see the filing of 13-G's.
Only problem with your theory is there is no pump.
And we started the day at .0014 sheesh...
It's going up right now in front of your very eyes and people are paying up for it.
Why Doc?
Can you answer that?
Wake up.
Price doesn't go up with dilution.
This is massive ACCUMULATION
In the coming weeks I believe we will see a few 13-G's being posted.
Flippers flip and always will.
They are only interested in short term momentum.