The question on previous revenue was already answered in past posts.

We did not own Paradise gardens then. Management services only and minimal revenue.

We do now.

As for the 150k, that's a board of directors decision and Warren needed those voting rights to pass the AS increase.

Never give credit to a poster with an obvious agenda and no shares !!!

As revenue and profits increase, a share buyback is viable.

I am sure Warren would want to get out of this manipulation & flipper infested penny market ASAP.

This company with a billion in contract assets does not belong here.

Anxious to see 10k (due EOM) and what's left in the books regarding debt.

Warren is in the US this week with the auditors.

"On Dec 6, 2016, at 8:59 AM, admin <admin@kibushcapital.com> wrote:

xxxxx
Travelling currently back to the office next week will reply then.

Warren

Sent from my Samsung Galaxy smartphone."


Hopefully he can add those huge contract assets in the filings.

This last few months have cleared IMO a significant amount of debt from the books.

Let's see what 2017 has in store for us !

Ignore the noise here from the few with agendas.

This stock is golden.

Warren needs to PR the current & future debt status and what he is doing to curb its appetite.

Just under 6 mil t trade after hour
Looks like OS still not maxed out 100%

14's !

1 mil ask slap 1t 12, here we go

Assets can be included in next filing (10k).

Really depends on what is allowed which legal counsel will decide.

Huge ....

Not odd

The main reason for it was to give himself 500 mil voting rights so that he can pass the AS increase when combined with his 67 million shares.

Exactly !

Sure there are eyes on us waiting on sidelines for reversal.

Next move will be dilution free.

Low volume before a reversal is common.

Some 11's to chew through
Very low volume

Very little retail selling at the bid

No dilution

A day or two like this and then we start an uptrend IMO

Close .0011 for today is fine

Knowing that Warren has not sold a single share is what keeps me here.

Most pink CEO's are continuously lining their pockets on shareholders back.

Warren is growing the company and has priced his latest shares at .006.

That's speaks volumes for me.

Quite frankly...

P&D whales we don't need !

We need whales that see how undervalued we are and hold for more than 3 days !

In the (Sept 27th PR) the company communicated info on debt and share structure.

See below as per PR

"To assist with our new operations in Papua New Guinea, Blackbridge Capital has extended a new facility of $100,000, which as noted in our Form 8-K filed on September 12, 2016, had been drawn down by $25,000 leaving a further facility of $75,000 outstanding. This facility is not to be confused with the $105,000 convertible note to Blackbridge Capital which has been repaid in full via its conversion feature, this new facility with Blackbridge Capital cannot be converted for six months from each drawdown. Our total outstanding shares have increased since last reported due to such conversions. As of September 25, 2016, we had a total of 254,513,362 shares of our common stock outstanding. The Company is attempting to reduce its reliance on convertible notes and we believe the new revenues from Rigo will help ease such reliance in the near future."

In the two months following, the OS grew by around 200 mil. Not sure if that number includes Warren's new 25 million shares at .006.

In either case those shares converted should have paid 150-200k worth of debt. That is significant liability off the books.

Company also may have issued shares to auditors and lawyers to pay for the upcoming yearly expensive audited financials.

There was a total of 88k of old debt (3 debtors) that may have decided to convert prior to 2017.

Company should update shareholders on current debt situation and provide guidance on future debt as it works on becoming cash flow positive.

Agreed

Now is the time for Company to update shareholders on progress and plans to increase shareholder value.

a Current market cap of 466k with 3 mil in projected revenu is way undervalued.

Proper evaluation puts us over .01

A cup of pee lol

I think your putting too much value on that nitwits input LOL

If so, even better
Will need to confirm with Warren

Well said !

My compliments!

His last shares were priced at .006

He is looking for multiples of that.

He has not sold a single share

Our 466k market cap is undervalued based on projected starter revenues of 3 million which will only grow.

Yes there was dilution which eliminated debt.

A float of 400 million is still very good based on revenue.

Pennies is where this belongs

Market will eventually catch-up

Now is the time to accumulate shares

All of the above speaks volumes

Ignore the nitwits looking for attention

Float is just under 400 mil
Market cap 466k at .001
Projected revenue 3mil starters so that should increase

We should be in the pennies now even with the current OS

Up from here is a no brainer

$DLCR fair market PPS

Current market CAP as of Dec 2nd
OS (466 million) times .001 = 466K ???

Based on it's first starter revenue generating project (with more to come), revenues of 3 mil/year (as per last PR) this stock should be trading in the pennies.

The Fair PPS for the company can be calculated based on projected revenues and then applying a P/E ratio.

The industry standard for P/E for a company in this sector (Paper/Forest Product) is 27.96 (see link below)
http://pages.stern.nyu.edu/~adamodar/New_Home...edata.html

The price-earnings ratio (P/E ratio) is a valuation measure that compares the level of stock prices to the level of corporate profits, providing investors with a sense of a stock’s value. To calculate a company’s P/E ratio, use the following formula:

P/E ratio = price per share / earnings per share (EPS)

Where EPS = earnings/total shares outstanding

Simple math tells me we should be well into the pennies.

$DLCR current float as of Dec 1st, based on PRE 14c

466,392,976 minus 67,001,702 = 399,391,274

current O/S minus CEO's shares (67,001,702) which were used
in PRE 14c along with CEO's newly acquired 500 mil in voting rights to approve the AS increase.

OS is now locked down till next increase becomes effective.
(EOY at the earliest)

Should move easily now. Only retail can sell till EOY.

Projected 3 mil in revenue, sitting at a market cap of 466K

Extremely undervalued.

Warren has been saying all along that he has not sold a single share and does not plan to do so any time soon.

Last filing proves it.

He is in it for the big $$$'s and wants to grow the company first.

When a CEO is not selling, it says alot.

He has no control on what the debt holders do however.

A good chunk of debt got eliminated in the last 3.5 months.

Lets see what's left in the next filing.

I believe we will now have a nice move without dilution in the way.

3.5 months is 70 trading days

220 mil divided by 70 is just over 3 million per day average.

Not that bad when u break it down.

Dilution is now done for at least a month !

.01+ very possible with buyers and a company catalyst.

5 million are still preferred and not converted to 25 mil yet

From last 10q
-------------
As of August 12, 2016, there were 179,538,440 shares of the registrant’s common stock outstanding.
 
 
From PRE 14c Filed Dec 1st
----------------------------
On the Record Date, the date we received the consent of the holders of a majority of the voting power of our shareholders, there were 466,392,976 shares of Common Stock issued and outstanding, 3,000,0000 shares of Series A Preferred Stock issued and outstanding, and 5,000,000 shares of Series B Preferred Stock issued and outstanding.

466mil - 179mil - 67mil (Warrens shares) = 220 mil shares of dilution in the last 3.5 months.

At .001 (taking discounts in consideration) we eliminated more than 220k of debt.

Look forward to see what debt is left in the filing.

Next filing will show less liability

Not as bad as some peeps will have you believe.

What vote was obtained to approve the amendment to the articles of incorporation described in this information statement?

We obtained the approval of the holders of 67,001,702 shares of Common Stock, or approximately 6.5% of the voting power of our shareholders. In addition, we obtained the approval of the holders of all 5,000,000 issued and outstanding shares of our Series B Preferred Stock, or approximately 49.0% of the voting power of our shareholders. As a result, we obtained the approval of 55.24% of the voting power eligible to vote on the amendment to our articles of incorporation.

Note how the OS includes 67 million shares that Warren still has (never sold) and used along with his B shares voting power (500 mil) to approve the AS amendment.

So the float is around 400 mil.

AS needs to be large enough to support remaining debt

And its calculated on current PPS

As pps rises the share quantity decreases

19 out of last 20 trades were green at .001

More to come next week.

Excellent points.

Warren needs to feed his shareholders regular updates to maintain a strong shareholder base.

When the pps is well in the pennies the effect of conversions will be minimal as they get converted at much higher levels.

A shareholder update PR would be ideal now to boost up shareholder confidence and bring in more investors.

I am sure there are plenty of positives to talk about

For example...

Debt elimination (new shares did some good) tell us

Revenu so far (on target, above target?)

Plans with new revenu
- share buyback ?
- pay off some notes ?
- fund mining ?

All of the above ?

I agree

Reversal starts Monday and will run into the holidays.

Great time for the company to feed us a bone on revenu status!

Some need to exit near 52 week low
Let them !
Its just retail
It will end

785k smack at .001

10k left at .001

Retail selling near 52 week low looks done !

Its Friday !

Let this sink in abit and flush the rest of misinformed out near 52 week lows.

No dilution to get in the way now for a while.

.01+ by Xmas is very possible on some solid updates from Company

all valid points

Nay sayers here are a joke !

Lots of debt got converted past few months

Lets see what's left

PPS has nowhere to go but up

Smart money knows a buying opportunity and are sucking shares from the scared and misguided

CEO gave himself shares at .006 knowing this AS increase was coming.

Ask yourself why ?

He is looking for multiples of .006 in return