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.
LIBE has to pay Cigawatt share holders 200K.
I SERIOUSLY doubt all current Cigawatt private investors (shareholders) are going to accept LIBE preferred shares as payment. And at what PPS if they as so foolish as to actually do it?
I sure as hell would not accept LIBE preferred shares to sell privately held much safer Cigawatt shares.
Look at the last guy that was paid in preferred LIBE shares. His story has dominated parts of this board for months.
NASDAQ for LIBE/Cigawatt is a EXTREME long shot. Even with this prediction of a 2000 to one RS it is not going to happen for at least a decade.
Here we are one day after soft close, and 2.5 months away from hard close (if it does actually occur). PPS is tracking .0002 to .0003. And we are looking for NASDAQ?
Current Assets $40. Current Liabilities $666,790.
Conway's deferred salary has to be paid. Court judgements have to be paid. LIBE needs $200,000 MORE to buy Cigawatt's privately held non public shares.
Cigawatt's revenue stream has been estimated by several posters on this board to be between $320,000 annual to $400,000.
Current liabilities $666,790
Conway's deferred salary $110,000 to $220,000?? (unknown exact amount)
Court ordered judgements $80,000 to $150,000?? (exact amount is?)
Buying out all Cigawatt shares at $200,000 - (plus interest on the loan)
So low end, over one million $$$ in the hole by hard close? $1,056,790 negative is the low end.
High end Cigawatt $400,000 annual gross. Minus salaries, wages, rent/ lease, utilities, taxes, cost of wholesale goods like fidget spinners and vaping products that are in turn retailed?
Let's be very generous and say Ciga "nets" $200,000 annually. Analysis shows that by hard close AT LEAST 2 billion common shares in the OS, plus preferred shares issued to Ciga owners, and over one million $$$ in the hole by hard close.
So generously 200K annual net first year, one million $$$ in the hole.
But some new expenses as well: CEO salary is just one - coming out of the 200K estimated net income of Cigawatt stores and online sales. What other new officers and at what salary?
Who gets to vote on future company officers --- and their salaries? Not the current common share holders.
Opinion:
Why would Cigawatt want to go public versus growing as a private company? One answer "could be" they need more revenue stream, and selling NEWLY MINTED shares is a method to do it.
If selling fidget spinners and vaping products leaves only a small annual net income (after all expenses (COGS)), then go public, and dilute to sell shares to raise more money.
Money for expansion? Money for salaries and other COGS? Money for salaries for company officers - who are currently Cigawatt owners? Nice boost in income to suddenly be paid as CEO and/or other company positions....
NASDAQ? 200K net at best? One million in liabilities after hard close estimate? Two billion plus shares in the OS by hard close at the very least?
I don't see it. I don't see it even with a 2,000 to ONE split (WOW - that would sure anger 98% of all current share holders)
Intro updated to reflect 8-K issued on March 1, 2019.
A week ago .002 was projected for soft close.
Reality is setting in.....
I was incorrect on that point. I was wrong. Completely wrong.
"The share capital in a private limited company is the amount of money invested by its owners in exchange for shares of ownership. Company directors are typically shareholders in their own companies. Shareholders exercise certain powers over how the company is run and Share capital and company formation.
Here is how I see it now: It looks like "the company" (LIBE) is purchasing $200,000 worth of privately held Cigawatt shares from the private non public Cigawatt company.
From the 8-K:
Market has been closed 2 hours. No trading until Monday morning. No shares will be gone in minutes.....
May also want to research what it takes to short a stock who's PPS is tracking between .0002 and .0003.
And that is nowhere near the claims posted of SEC endorsing anything Conway posted to social media. The inference was crystal clear.
Well, it must be a secret then that only a few are allowed to know the answers to. Certainly have not addressed in a SEC filing or a PR.
The SEC endorsed Social Media posts by CEO Brian Conway?? That's a first in history for the SEC to be reading a CEOs social media posts and endorsing them. Can anyone verify this claim?
All investors should ask hard questions and run the numbers.
When the hard questions never get addressed by the company(s) nor other shareholders - beware.
DD and research beats hopes and wishes.
Why are real world questions that every LIBE investor should want answered not ever addressed?
1. What is status of the court ordered judgements? How will this be resolved - and when?
2. What is the status of Brian Conway's deferred salary - when and how will it be resolved?
3. How will the existing conversions from prior LIBE obligations be met - and when?
4. How will the remaining $666,790 of LIBE liabilities be dealt with?
1. What is status of the court ordered judgements? How will this be resolved - and when?
2. What is the status of Brian Conway's deferred salary - when and how will it be resolved?
3. How will the existing conversions from prior LIBE obligations be met - and when?
4. How will the remaining $666,790 of LIBE liabilities be dealt with?
Divide the $200,000 by 1.7 billion (shares) and see how this valuation actually computes out.
Many disclosures and facts still needed:
1. What is status of the court ordered judgements? How will this be resolved - and when?
2. What is the status of Brian Conway's deferred salary - when and how will it be resolved?
3. How will the existing conversions from prior LIBE obligations be met - and when?
4. How will the remaining $666,790 of LIBE liabilities be dealt with?
That's just 60 second overlook of unresolved issues and questions. A in depth look will no doubt reveal more necessary investigating.
As a individual who ran many races, I have heard of and participated in 5Ks and 10Ks. Never a 8K.
8K or 8-K is common terminology for a SEC filing. Common usage.
Does the 8-K verify this claim:
Hard to profit when PPS actually FALLS after news of the soft close.
Incredible that it cant even hold .0003 after soft close news!!!
If you see it link it or post it please. Still not showing up for me after refreshing the page….
It could take a while to actually hit the internet. CEO Conway should have waited until it was visible instead of once again demonstrating his incompetence.
LIBE closed at .0002 AFTER news of soft close???
What happened to the predicted massive gains and .002 after soft close?
The problem is the ongoing and increasing dilution.
LIBE cannot pay off $666,790 in liabilities before hard close with only $40 in total assets and with PPS bouncing between .0002 and .0003.
There are simply not enough shares to sell, and not enough buyers, to cover the liabilities. Thus the liabilities will transfer to the new entity if hard close does occur.
The dilution to cover the court judgements alone plus Conway's deferred salary is huge. And that is why this is tracking at .0002 on the news of soft close. Dilution is underway RIGHT NOW - and visible in the PPS of the trades today.
Ask Conway himself on social media why PPS is so low on the great news of soft close.
Ask if it is investors "selling the news", or dilution to settle things like court judgements, his deferred salary, plus old existing conversions that were already occurring.
Thankfully more and more states are legalizing and decriminalizing the product TRTC grows and sells. More and more politicians coming on board.
Thankfully companies like TRTC do offer safe tested regulated LEGAL cannabis products to adults.
Reefer Madness prohibition had many drawbacks and inequities over the past 80 years.
Minorities always paid a greater price as they were incarcerated at far greater rates than the population percentages. Even youth who grew longer hair or dressed differently were targeted for arrests, convictions, and incarceration for this innocuous plant that is less harmful than alcohol and tobacco.
TRTC is doing a great service to all by advocating for legalization and providing a safe tested LEGAL product to adult consumers.
I think we will see great progress in federal cannabis laws in 2019.
Information compliments of BriarPatch:
Berry Crunch by blüm
Golden Lemons by blüm
Cherry Punch by blüm
Citral Glue by blüm
Mimosa by blüm
Rainmaker by blüm
https://weedmaps.com/dispensaries/blum-reno
Rainmaker by IVXX
Golden Lemons by IVXX
Mimosa by IVXX
Cherry Punch by IVXX
Citral Glue by IVXX
Crunch Berries by IVXX
https://weedmaps.com/dispensaries/blum-west-las-vegas?page=2
Crunch Berries by IVXX
Mimosa by IVXX
RainMaker by IVXX
Citral Glue by IVXX
Mimosa by IVXX
https://weedmaps.com/dispensaries/blum-las-vegas-2
Looks like someone needs to make a sacrifice in lost dollars and place a bid to buy at .0003 thirty seconds before close today to print .0003 instead of .0002.
And this is the run after soft close!!!!!
CEO Conway disappeared from Ihub due to being called out on his previous lies, broken promises, and failures.
4.5 years of lies and failures, 99.8% loss in pps value, 40 bucks total assets, 666,790 bucks liabilities, massive dilution, endless failures, court judgements because he was so incompetent there was NO representation in court!
Yeah, great job by CEO Conway. Write a book called the Conman and the Stuckholders.
Bid sitters can get in at .0002 today with a little patience. No need to pay too much at .0003
Far more trades at .0002 than .0003 today.
Is that investors "selling the news", or just more ongoing massive dilution?
No sign of the predicted double oughts occurring today or Monday.
I "highly" recommend anyone sampling marijuana for the first time to start small with only one or two puffs, or less than 1/4 of one edible serving size.
Anyone smoking 2 entire joints on first use is going to experience total paranoia and have a VERY bad time until it wears off.
Soft close today. Cigawatt audit next, then determination of cost in shares issued to Cigawatt owners to bring their privately owned assets into this shell
Busy in other OTC plays while waiting until the time is right with TRTC.
2019 Q2 and Q3 financials will show improvement and increase investor confidence, thus increasing PPS
IMHO of course.
Congratulations.
The complete insanity and hypocrisy of reefer madness is ending one piece at a time.
For far too long cops and courts used marijuana laws to incarcerate people of color in far greater numbers than overall population percentages, along with youth who grew longer hair or dressed differently.
This form of overt racism and singling out is not only ending, but politicians and judges are undoing these acts by predominantly white alcohol and tobacco users. The hypocrisy of the past 80 years is truly Incredible
Thank God for states legalizing, and for companies like TRTC offering safe tested and regulated marijuana to ADULT consumers
All these .0002 trades today, is that people selling the news? Or new dilution taking place?
Predictions of .002 on soft close seem to be evaporating.