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That's what Series B preferred shares are for. They would be affiliates.
Ecocab duped a lot of folks - Tesla, PDoT, and the IRS to name a few. being awake at the wheel is what saved us by rescinding the deal before becoming liable to their nonsense.
Anyway, back to enjoying this phone call and drinking some coffee.
And business plan?
When’s the new site coming?
Debt free - solid start
Great name, Great team coming together
The A/S is actually @ 500 Mil as 1.5 bil is locked in reserve for LG which is still in litigation since before the reverse. This has been stated many, many times. I lowered the A/S from @ 12 billion last year.
You should listen to the song I posted on FB, it should answer most of the comments you've been posting.
* Updates in filings, PRs, Twitter, and FB in the coming days and weeks. As always, feel free to contact me with questions or concerns thru e-mail or direct - 845-610-3817 - not so much here*
Hey folks, just a quick line to confirm there's zero truth behind any rumors of a reverse merger with Darkpulse. I do get asked about it a few times per week though by investors.
I've known Dennis' son for years. He was a tech for a company we used for IT work when he was in high school. Extremely bright and personable, I would defer to him for computer questions even after he went on to work for one of the nations best internet security companies. He mentioned his dad's company last summer and explained what they do, so as a favor I introduced his dad to Tom Celluci, CEO of BVTK who I knew. I figured if it was real Tom could maybe give him some advice, etc. Turns out, it was real enough for the success they're having together today (I wish I had some kind of % worked into that intro!).
Regardless, I haven't even spoken to Darkpulse since the time of their introduction, I do wish them both success. This isn't to say however, we wouldn't be against a favor in return on any of their contracts that may need a Guard Lite or two...
Not all miners are ASIC miners and GPU mining is still the majority due to lower start up costs and it has the ability to part out the miner when it's no longer profitable.
Watch the video and you may understand it doesn't "mine" in the way your thinking.
We didn't change business models - we use a proprietary blockchain to host our NVR (the video feed for the guard lites). As we pursued the tech further we realized they were sitting on something unique and had the tech verified. Our subsidiary works on the technology, not LIBE.
Read the PR. Nothing wrong with exploring our tech.
His posts doesn’t change the date we settled. At the time he was angry that the settlement amount made him an affiliate. He wanted me to instead break it into 4.9 % payments. I refused hence his posts. Again, I’m pretty sure he’s addressed all of this here. Why it is of your concern is beyond me. If you care so much, read his posts.
I am no longer choosing to participate. Have a nice day doing whatever it is you make a living at.
The company settled with this investor over a year ago as you know from his own words here on ihub. But we all know how you like to repeat the past and yourself. Any more questions call or email like a real business person.
Remember to follow on Facebook and Twitter for latest updates between PRs. As always, feel free to contact me directly anytime.
Brian Conway
845-610-3817 O
845-544-5112 C
Feel free to e-mail me at bconway1@warwick.net or call my office at 845-610-3817
I'm not looking to go down the ihub rabbit hole again
thanks
Brian
Maybe because this time we're in control, not some acquisition target that can't get an audit done.
This is OUR technology.
Frank Pringle was CEO then, not I - if we're going down memory lane. HEMP bought $60k worth of guard lights so the deal was quite real. I, however had to actually build them after Frank took off with the money.
I also remember the stock having a nice run with that JV too. Again, however, there were NINE - 9 Pipe guys converting stock. I had all of that repaid. There's a large debt piece due to that, and the EcoCab fiasco with Carebourn and two small pieces that were needed to cover filings, legal, etc.
I am VERY close to solving the last bit. More news to come...
Eco's financial are with Enterprises CPAs. I spent the last two weeks out in Portland and I'm comfortable to where if the audit takes a few extra days, I'm not going to push the possible agreement violation.
Numbers will be out when the audit is complete - It's in Enterprise CPA's hands.
Company's taxi rates are on the website. I'm simply asking you to refer to that data over a quote from years ago before the business was started, and certainly before they changed their business plan.
I know the numbers. We're invested in the NEMT business, not the old taxi model, and the 12 month model that has been proven has us pretty excited. Believe me, I wish I could just show you. I look forward to it. Our first quarter numbers will be the cherry on top - IMO
Actually we currently maintain a 98% on time as per our contract with Access2Care. 5 - 25% of our rides are audited weekly in addition to Mediroute tracking software.
That's from a very dated article - I'd say go off of the advertised rates on the website over a quote that pre-dates the business start.
Or read my post from today explaining while we have taxi services, it's not the focus of the business by any means.
The original concept was a taxi company utilizing electric vehicles, which is a great fit in Portland. However with the launch of Uber in the city and existing competition, they shifted to the NEMT (non-emergency medical transportation) market just about 1 year ago. This industry is fractured, due for a roll up, and has tremendous, never ending clientele.
Currently, aside from a few mom & pop operations, Broadway Taxi handles the bulk of the medical transport in Portland. Here’s the thing – they don’t really want it. Taxi drivers traditionally don’t want to wait 21 days for a flat fee. They don’t like to wait for passengers at a Dr.’s office. There’s seldom a tip. Also the medical provider must keep complaints down to keep the Medicaid contractors happy. Ecocab drivers are on salary, so from a service perspective, our drivers will wait for a passenger, assist with the disabled, and offer an overall higher quality service in an eco-friendly vehicle.
We are currently the number one provider with Access2Care who controls 90% of the medical transport billing market in Portland, however due to our fleet size (46), we only handle about 20% of their business. Broadway Taxi handles the remainder, but the provider is asking us to grow so they can give us the business. All of the customer’s request EcoCab, and by contract with Medicaid they have to try their best to give the customer their first choice.
The most important component now is the guaranteed business in Portland and other cities thru Access2Care, which is only one of the 4 largest national billing companies. Medicaid transportation alone is a 4 billion dollar industry, not to mention all of the insurance companies and private facilities we can potentially contract. They want us everywhere. The industry is ripe for rollup and the story is very relevant, touching on a handful of investment sectors this year. Green Energy, Medical, Transportation, Technology – all topics in the news every day. 2017 brings us 38 new electric car models from the big 4 alone and finally in a price range that makes sense for this industry.
Access2Care is owned by AMR, a 6 billion dollar company that isn’t going away any time soon.
So in short - We are focused on the NEMT business and have been pulling away from taxi. Since all of the medical work is daytime, we’ve supplemented with taxi until recently, where we are now shifting to courier work which is far more profitable for off hours.
For Det - Longview is just taxi. They had 6 cars, of which 4 have been moved to Portland. LIBE has nothing to do with the 2 car taxi business in Longview.
Yes, number stayed that high because LG still has like 1.6 bil in reserve which is in litigation.
The delay was on the request of the auditor, not LIBE (busy time for them).
There was a pretty major event, the settlement of most of our debt.
Our Nevada agent has had our check for a few weeks now, but they're holding off until the mailing is completed on our information statement (authorized retirement of 8 Bil, name change, etc.).
That's being handled now
Jim Gibbons, of Edison Capital Leasing is the gentleman who made the introduction between Eco and LIBE and he filed the report. Beauty of that website is anyone can make a post with zero facts. The website itself contacts you and offers to remove it for $900 - lovely scam!
He was angry because he demanded 2% of the company and cash for making the intro, of which we're wiling to give him something, but it has to be within the realm of reason. There is no contract. I'm not paying 100's of $1,000's for a simple referral.
Some facts to that report:
We did not reverse merge with EcoCab
We purchased their assets
He did not raise any money for LIBE
There is no contract - “compensation per contracted agreement Mr. Conway has refused to honor”. - completely false. I asked again for his contract yesterday and he's confirmed via email he does not have one.
I received an e-mail from Mr. Gibbons that he is attempting to retract the report as of yesterday.
Sometimes people over-react, but it's off to the lawyers if it's not handled soon.
We filed the final agreement on Nov 17th as an 8-K
https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001503161&owner=exclude&action=getcompany&Find=Search
Financials are almost off to Enterprise CPA (auditor)
EcoCab had them ordered before we purchased the company.
Because EcoCab has revenue and a proven business model.
All will be clear with financials.
Accountant hopes to have them ready for the auditors in the next few days.
Have a great turkey day!
Sure is a lot of selling...
What will you have to say once most of the authorized is retired?
That's next.
Going to have to wait for the full audit.
I have numbers of course, but Eco has 74 days I believe to complete their audit. I don't want to speak out of school here, so let's wait on the official numbers.
In the meantime it's an exciting opportunity with large growth potential - in short, we're light years ahead of where we were.
45 Vehicles Owned
2 on Order (some came in last week)
37 Vehicles Operating Now
8 Vehicles waiting on drivers (new hires must go thru a vetting process)
77 Employees total
Medical Transportation alone for September was @ $230k. This does not include regular taxi fares.
8-K is Out
It's highlighted above but here's a link:
http://ih.advfn.com/p.php?pid=nmona&article=72681719&symbol=LIBE
They will have 20% of the company in stock (20% on current outstanding is not even 1 mil)
However, none to be issued until at least end of Jan and it's 100% affiliate shares.
We have acquired all of their assets, revenues, and pretty much no debt outside of vehicles.
This is just stage one - and as far as debt - the new loan is ACH, meaning it gets paid back daily from Eco in cash, not stock.
Good times imo
Working on 8k for Mon/Tues now.
Actually, waiting for pending close on EcoCab and the "D" to drop.
I've gotten many phone calls from investors having issues purchasing the stock due to the D. Once dropped, we can begin a push for awareness.
I'm creating value here.
I make money if I succeed. If you think with all we've uncovered from previous mngt that this isn't a better scenario then you're foolish. He exited as notes were due. His accountant/ attorney went to prison. We would have been non trading in 30 days as he had no plans to do his financials as the Q & K were both due the day I came on.
We did sell product, and had sales pending - but as Det likes to point out there were issues with it's design that had to be addressed. That requires money. Now we have revenues that can grow tremendously.
Enjoy the weekend
OK, so I only lost $350,000
You win, I shouldn't have posted between dealing with legal, I mixed up current numbers with previous management.
And what I am owed vs what I actually take in is world's apart.
What's your point? Oh to crap out another negative thought - I'm sure its more lost than you've risked. Money where the mouth is - I've made my bet, and I want everyone to win!
There's a plan for the Guard Lites, but we needed revenues.
The company had @ nine lenders, with multiple notes, and massive liabilities to address - that's cleaned up with 1 lender and cash flow to repay now. That makes way to properly execute the Guard Lite project without investors paying for it.
I'm not picking a fight
Just I don't see how negative opinions without facts helps. All I've done for the past year and a half is try to repay/ settle debts and eventually bring value to the shareholders. I'm accomplishing that goal. Hindsight's 20/20, but sometimes I do wish I sold my 22 million shares at 7 cents instead of taking on the project. I've always been focused on the light at the end of the tunnel, even when it was hard to see - if this company executes it's business plans as we've seen them, we will win.
Again... do you want value or not?
What's the point? It's Yelp - go look up any service business and find 100% positive - it's a battleground for competition.
http://ecocabportland.com/
That's the main one, and I was told management was prepared for share holder calls, I can't speak for the dispatcher.
Nice sticky note - and here I am actually answering the guy who's same sticky admits he's a "pumper" while bashing me for trying to bring value to the company - how that gets by the TOS is surprising. You'll cry about the PPS but how do you think that sticky helps us?
This is a solid company, solid revenues - You want dividends,etc. but all I see is negatives and zero response to the positives here. Mostly by folks who started posting AFTER the company was .0001 for a long time.