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Beasting!
Keeps making new highs.
Preparing for .06 break.
New high .056
The announcement of the merger could send this to over .20 in a hurry.
These Qs dropping like hot cakes!
Money to be made in MMJ REITs/ Cannabis REITs
Yes, cash should show $1.6 not $1.3
New Q posted - $1.3 mill cash, $0 debt.
.06 will be here soon. Just give time to breathe.
Straight from the details..
"no shares are reserved for issuance pursuant to securities (other than the Note and any other convertible promissory note issued to the Buyer)"
This seems to mean to me as they have no shares pending to be issued other than the ones for Auctus that's on reserved - which is the 2.4 billion they stated.
So yes no one else can be issued shares and the essentially the A/S is maxed because they are holding 2.4 for the possibility of Auctus converting.
I have the same question on the commitment fee part...
My previous post.
Makes me wonder....
If your Auctus why give a trip zero company $1,000,000?
You have to assess the risk. Lenders want to be paid back. Auctus has lent a lot less.
Also, if your Auctus and you already locked in a note with a company for 1 mill - what's the point of taking the option at .0056?
It does say in the details that Auctus gets to see all of LIBE's filings and financials.
I'm thinking.. Auctus thinks LIBE is good for the milly... and maybe would like to be reward for lending such a large amount, so they took the warrant - in case. Just speculating.
Auctus not a large company so why risk so much when normally they don't.
I think it has to do with the commitment fee part.
Recent 8K Layman's...
Two things transacted in the 8k.
A Convertible Promissory Note, and
A Warrant
First...
Convertible Promissory Note
Auctus
(Bought - a note)
(Paid $1,000,000 - Received a note that converts to shares)
LIBE
(Sold - a note)
(Issued a note that converts to shares - Received $1,000,000)
Important point:
Note is due plus 10% interest on 9/20/2020 (increase to 24% upon default)
Must pay interest quarterly.
Note can be converted at any time, or from time to time after issuance date of 9/20/2019 and up to the maturity date of 9/20/2020.
The conversion rate will be a 58% to the market price discount - which means/ for example...
If Auctus wanted to convert $10,000 worth of the note at the current market price of .0006 normally that would be - 16,666,666 shares that you would get for $10,000.
10000/.0006=16,666,666
However, since Auctus gets a 58% discount they would get the conversion rate at a price of .000252 and so they would get 39,682,539 shares.
.0006-58%=.000252
10000/.000252=39,682,539
So if the pps goes up Auctus gets less shares when they convert but can convert to a higher pps.
If price goes down Auctus gets more shares to convert but at a lower pps.
If LIBE re-paid all of the note any time within 90 days of the issuance date of the note then LIBE would need to pay...
"135% of the then outstanding principal amount of the Note plus accrued and unpaid interest on the unpaid principal amount of the Note plus any interest to be paid in the event of default."
If they re-pay all of the note within 91 to 180 days from the issuance date LIBE would need to pay......
"150% of the then outstanding principal amount of the Note plus accrued and unpaid interest on the unpaid principal amount of the Note plus any interest to be paid in the event of default. The Company may not prepay the Note after the expiration of the 180 calendar day period following the issue date of the Note."
Important point:
"If there is an Event of Default under the Note, the Note shall become immediately and automatically due and payable, and, except for certain circumstances, the Company shall be liable to pay an amount equal to 150% of the outstanding principal amount of the Note plus accrued and unpaid interest on the unpaid principal amount of the Note plus specified interest to be paid in the event of default."
Important point:
"As of the date hereof, the authorized capital stock of the Company consists of: (i) 6,000,000,000 shares of Common Stock, of which approximately 3,494,072,040 shares are issued and outstanding; and (ii) 10,000,000 shares of preferred stock, of which 1,000,000 are issued and outstanding. Except as disclosed in the SEC Documents, no shares are reserved for issuance pursuant to the Company’s stock option plans, no shares are reserved for issuance pursuant to securities (other than the Note and any other convertible promissory note issued to the Buyer) exercisable for, or convertible into or exchangeable for shares of Common Stock and 2,400,000,000 shares are reserved for issuance upon conversion of the Note."
Second...
Warrant
Auctus
(Was issued - a warrant)
(Has an "option" to buy up to 174,703,602 shares at price of .0056)
LIBE
(Issued - a warrant)
(Will sell shares at .0056)
Warrant shares - 174,703,602
Exercise price - .0056
Exercise date - From the point of issuance to the 5 year anniversary date. From 9/20/2019 to 9/20/2024
Important point:
If LIBE does a forward split the exercise price would be reduced and the amount of warrant shares would be increased.
If LIBE did a reverse split the exercised price would be increased and the amount of warrant shares would be reduced.
Looking at all this makes me wonder.
Add no debt to that comment and let that sink in some more.
Wonderful!
A break of .03 is going to HUGE!!
Third company on the list has the same logo as GRN Funds... any relation?
They too are a cannabis payment processing company.
https://www.ganjapreneur.com/cannabis-banking-payment-processing/
I stand corrected. Over looked that.
The 10Q OS numbers is from 2018. Updated OS numbers is on OTC
Let’s go! Another 10k!
Beautiful close peeps!
Establishing support after yesterday’s strong volume and power move from bottom.
Good day of consolidation after strong move off bottom yesterday.
Sounds like DiSanti and his team are very experienced in this area, know what they want to accomplish, and know how they will go about accomplishing it.
Confidence, knowledge, and vision - That's what I see in DiSanti.
I'm big on CEOs with those traits.
A Cannabis MJ REIT - solid!
I like the sound of that...Cannabis and real estate.
Read> Perlmutter's SAFE Banking Act to protect banks that work with marijuana industry passes House
September 25, 2019
https://www.thedenverchannel.com/news/politics/perlmutters-safe-banking-act-to-protect-banks-that-work-with-marijuana-industry-passes-house
So this gets interesting given that this billed just passed today right when we get filings given the previous rumor about this shell being connected to cannabis banking and the politician Perlmutter. See linked post.
Read> Marijuana industry scores big win as House passes SAFE Banking Act
Published September 25, 2019
https://www.foxbusiness.com/politics/marijuana-industry-scores-big-win-as-house-passes-safe-banking-act
So this gets interesting given that this billed just passed today right when we get filings given the previous rumor about this shell being connected to cannabis banking and the politician Perlmutter. See previous post.
Nice post. Thanks for sharing!
Very interesting...The very first and original rumor here was that the shell sold to a California marijuana banking company.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149796897&txt2find=Bank%7cclsi
Also....just a rumor... a senator “may” be involved.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149797139&txt2find=Perlmutter
So, given that Costello is also in MJ banking... maybe some of the above has some truth to it. We will see.
A .04 break will be HUGE for the charts!
Nice movement here!
Looking great!
Moving strong!!
Sweet!
Speaks for itself...audit 8k reflecting sales, revs, net profit, and contracts.
I’m betting this sees a big move.
Don’t listen to FUD.
Nice bid building.
Now think about that.... With today’s sell volume this should have crashed to .0001 but it didn’t. It bounced off the 20 day MA.
Even with the enormous sell volume shares are being soaked up. Bringing price back to current levels.
It will make its way back over .001 soon enough.
.0009 back up. .001 close or above coming.
Headed back over .001...
Most big holders in low trips got out. Needed that to continue.
Big revs and contract still on the table with Hyundai.
Betting this goes up post split.
OS has been the same since 2014
Current
Outstanding Shares
17,268,993
09/04/2019
https://www.otcmarkets.com/stock/RLBY/security
See 10-Q on 5/8/2014
17,268,993
https://www.otcmarkets.com/filing/html?id=9973929&guid=sILfUpxRYy03pth