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Call the right number for starters
EcoCab
(503).TAXICAB
……..829-4222
They don't make electric wheel chair vans yet.
They took on some to be able to service wheelchair customers - not sure why this is an issue. The moment electric versions are available they'll convert.
New notes
The new notes were to settle the ACTIVE convertibles in order to protect shareholders. The new notes are 6 months away, and we will have a company with solid revenues to repay before then.
IMO, since there are no new conversions, of the 5-6 lenders we paid off, some of them had shares from their last conversion pre-settlement. We felt that yesterday.
The 1 million shares are restricted and affiliate as part of the new deal.
We have a solid company here, solid revenues, tremendous growth potential, and real value to shareholders. Uber, etc. is not our competition - Those drivers do NOT want medical pickups. There's no tip, no meter for wait time, just a flat rate which they get paid on 21 days later. Eco's drivers are salaried employees. They'll wait the extra 30 mins for someone - that's why they all want to use EcoCab, and why the transportation management companies want them as well.
IMO
8K expected shortly, I just signed it.
And that would be well over the legal limit I'm allowed to sell in 90 days
I also have to 8k what I'm selling before I can sell. I've never sold a share since the day I became CEO.
Also, I believe that's over the 4.9 % any converter can hold at any time, so there's that.
MM's are having some fun IMO, but I know there's real buys so should be fun to watch the day play out.
LG is in breach of our settlement agreement.
We've retained http://holcombward.com to answer their suit and file our injunction.
So NO, no lender is "feeding their bellies" unless they're breaking the law... we're fighting boys and girls - not laying down to the BS.
The numbers are great
They're still being audited so I couldn't include into the PR, but they've gone from zero to over $200k per month in the first year as per the un-audited financials. Portland alone has $11 mil per year in medical transportation and EcoCab just needs more vehicles to take over all of it.
Access2Care is the national transportation brokerage/ billing company overseeing 1,200 taxi companies and they want Eco to become the only one - The demand is massive, we just need to be able to service it.
They have a franchise specialist on-board now and sky's the limit.
If Uber is the most anticipated IPO of 2017 - We have what they do and what they don't - GUARANTEED customers.
I'll accept your apology next week.
Originally LG wanted to be that single lender
The company that they introduced to us and was interested in being acquired was Gardes Energy. Things looked very good as we explored their numbers and business plans. Eventually they did not want to merge because LG could not reach a settlement figure with Carebourn and they didn't want to take on so much debt.
Weeks later we began talks with the current acquisition target and we started negotiating with lenders again. This time we received settlements the company can live with/ afford. We went into escrow. LG stopped communicating the past few weeks which seemed odd, but we had their offer and proceeded to close the deal. We sent certified checks with language being that endorsing the checks constituted a settlement of debt. This was to avoid any confusion that the payouts were NOT payments, but settlements.
Now we offered for LG to be the single finance partner again, but having gone down that road before we went another direction (they can't seem to settle with Carebourn, which is ironic as they introduced them to us). We accepted their offer and delivered. I can't speak on their reasons for rejection, but safe bet is you're correct in assuming they can make more in the market, however this is a breach of the agreement and detrimental to the deal as a whole. Hence, we are exploring our legal options.
I'd love to announce right now, but I have this issue with LG. They rejected their settlement check.
Deal is to have only one financial partner and until they're settled it's put a freeze on me. I had an email with a payoff amount for all notes, with wire instructions attached. We sent the exact amount on Thursday, the first day of the reverse. Everyone else accepted their funds and released us, I never in a million years anticipated LG refusing the money they asked for.
Nobody wants me to move forward with 275k of debt dumping into the market, no matter how good the news is, it's going to hurt badly IMO. Hence, it's in the hands of lawyers and negotiations. I've been fighting all week.
So the delay is to prevent just that - protecting you guys, your investment, and doing something great here. Since they deal's signed I have to announce by Monday and will, I just would like resolution if possible before.
I said news soon, NOT Tuesday.
Looking like Monday right now, which will be the 3rd day from the executed agreement last night.
Waiting on attorney to file 8K today regarding debt settlements
You should ask the wizard
Yes, they have been notified
LG has a check for $85k as settlement of notes
They got the check yesterday. They just sent in a conversion which is a breach of our agreement. What are converters known for? Pre-selling shares and sending in conversions in my experience.
I see an expensive buy back in the future.
All my opinion.
So you can either take a negative stance and make pennies on your investment, or hang tight a few hours see what you're invested into.
Your choice, but someone didn't just payout our debts to the tune of $198,000 without a positive plan. They didn't buy notes, they settled them. This means they're at least 6 months out before seeing a return on investment.
Play smart - my opinion.
I hope to have details out today
This will all be answered
In a few days...
Authorized and outstanding are exactly the same it was on the day of the reverse - nothing has been issued.
Probably waiting on news
If I had to guess
Lol, always had to laugh when you post about the sausage deal
The Sausage Guy was a great opportunity back in Dec/Jan that we just couldn't get closed. At the end of the day, they're growing so fast in the supermarket world that the idea of going public was just too much. It's a family business, and they have no experience regarding the stock market.
I spent a lot of wintry hours driving back and forth to Boston to give crash courses on the public markets.
Once everything is done I'll post all of the non binding LoIs I've collected over the past year...
We did not request a name or symbol change with the RV.
I'll leave that for the future.
Correct
Through the long reverse process any and all notes were identified and addressed. 15 months ago, I got my financial and legal direction from the Attorney/CPA who was already with the company and unknown to me, about to serve time in prison. Conversions were locked up due to the TA change, and many lenders were irate they couldn't convert and reluctant to communicate.
I inherited it and own it, and I got to be the one to share bad news as one note turned out to be four, etc. Point is, it's done. Moving ahead!!
I believe that would come from the TA but I'll check.
Due to the holiday on Monday it's been a tricky week for some. Timing could be better...
We announced last year in a PR that Twitter and FaceBook accounts are a viable source of news for the company.
The tweets are word for word what the TA Release of Reserve letters state today. I will make it all clearer with a follow up 8k, as more letters come in.
In short, a lot of settlement payments have gone out to all lenders and liabilities. There are zero conversions. There's NO "wave" of conversions coming. We have ONE financial partner cleaning us up to make way for something I'm excited to share VERY soon. I wouldn't have minded a few extra days before the reverse to finalize as I don't want it to be an LoI but rather a done deal.
The repayment of debt should show how real this is as so far $189,000.00 has been wired out over the last 24 hours.
As stated before - trying to consolidate debt with a leak out floor.
I currently do not collect a salary, nor have I for months. If I didn't care about investors I would take one of the offers to sell my control block and walk. Instead I'm trying to bring in value to their shares.
This is why I stopped updating. No matter what I address you're negative.
Wait and see
I'd love to not reverse, but I can't find a business willing to merge unless we do.
I can't get into details but yes, that was a face value number. Settlements are substantially lower - cheaper than buying a shell.
I can't comment on the rest, I wish I could, but again I think you'll be pleased IMO
Not a lot of 20-100 million revenue businesses lining up to reverse merge into a triple zero 1 stock with $300k of active convertible notes.
Consolidation and settling of debt with a higher PPS and suddenly I have 5 different companies interested. I can't get a deal done down here and it's not for lack of effort the past year - there's a ton of .001's with half a million of debt to choose from, as I know from various lenders asking if I know of any private companies with revenues looking for a shell these days.
I'm sitting on closing docs that won't close unless R/S is effective. I negotiated the debt months ago. The reverse is a necessity.
Yes
When I got involved a year before taking over the stock was .03 and took part in bringing it to .16 in two-three weeks. I've bought plenty. I've lost $700K in depreciation since the day I became CEO. I was bamboozled by the true amount of convertible debt as any other investor. I had a game plan when I started, unfortunately a key player passed away and it fell apart. Difference is, I couldn't sell out, and I got to be the bearer of bad news. So here I am - all in.
All shareholders matter to me. Perfect storm, I walk away knowing I brought a high revenue business in with debt repaid outside of market and .35 becomes $1.00 plus and folks will say I stayed true to my commitment and I've done right by everyone. Doc's not far off with his thinking btw. Instead of looking to blow holes with negatives, understand what's being done - it's out there.
Last post until closer to R/S - need to turn LoI's into closed deals.
I'll have plenty to say soon enough.
And for the record, I haven't taken a paycheck in months - I'm betting the farm on getting this done. I hope all will be pleased.
Winters Member Level Tuesday, 02/23/16 02:48:31 PM
Re: stockless post# 30574
Post #
30578
That's the reason in my opinion to shift focus as a BDC to generate revenue in other arenas while we get the alternative energy sub running.
I keep seeing posts pointing to glory days of old management. Well, remember they had just a prototype, no website, an IR guy who drove the price from .75 to .03 in two weeks, over $900 in convertible notes, $68k in debt to patent attorney, $38k owed to auditor, $10k to CPA, their attorney who knew all the filing/note details sent to prison, $200k owed to their electrical engineers, a patent license back to the company for $10k per month, and employees to pay. This has all been said before yet forgotten based on what I've been reading.
This past year we actually have delivered working units (over 30), new manufacturers, repaid all of the invoices, and slimmed the debt down substantially. I haven't pushed sales the past six months because I wasn't 100% happy with the product as originally designed, and have brought in new engineers. I realized early we needed non toxic revenues and admittedly followed a few hopeful, but ultimately not solid deals for LIBE (Fuselier produced nothing, Eastern Energy had far to much debt, Outage Expert never showed financials, Marina Bay took forever, need funds to pay for redesign, etc - list goes on)
The current efforts have been focused on finding good fits for us to move forward with. The 3 solar company merger for example - a work in progress, but not easy unless lenders play ball. There are others I'm talking to, but grabbing low hanging fruit with revs along the way as subs makes sense. Having a share structure that's more attractive is also on the table - I've been hoping to hear some thoughts on that. For the past few months on here I've been reading folks asking for a reverse, now it's seen as doom and gloom. Of course I would have a plan in place to make Liberated exciting again if the above happens, but with nobody buying shares right now, new eyeballs would see this as a 1-2 flip. That's not effective long term, and putting out LoIs to just feed it would be deceitful IMO.
Call me and I'll be happy to explain anything I can - honestly and openly.
Thanks
Brian
845-610-3817
Can't take blood from a stone.
Remember, I gave up $700k of free trading and deposited shares becoming an affiliate.
There's a lot going over here and will be made clear once finalized. Be a creative thinker and don't rely on Ihub to communicate with a CEO - my phone is always open
Brian
845-610-3817
We're not ready to announce it yet.
They've given a verbal yes after reviewing our schematics, parts, etc. and the pricing is on point. I'm just locking down a manufacturing agreement which should hopefully coincide with our finalized reverse.
No, it will not be filed today.
I come here to answer what questions that I can, when I can.
Regarding the R/S, there's still more steps to be had, like obtaining a settlement agreement, the Nevada amendment, etc.
I know I discussed that a few weeks ago.
I'd like formal announcements to support the new PPS.
You never even responded to me on this board, or provided an e-mail or number to contact you. I have no idea who you are, a name, or details about the "thousands" of Guard Lites you could sell.
You've been posting this story for a year. I've nicely responded to you many times.
Marina Bay bought the lights. FINRA confirmed.
Now, for those who care, we're in discussions for a Settlement Agreement in place with LG. That means they will have a floor price they cannot sell under, and a limit to how much they can sell per month. It will not be in their interest to drive us down like note holders before. Nobody's converting before reserves are recalculated and returned to be retired - I simply won't sign off. You should have time to swap your shares.
Instead of buying back shares that would have been never ending, I'd prefer to see the new PPS supported with news, public relations, and new investors.
And yes, feel free to call me.
Brian
845-610-3817
I'll have to agree, Tesla is news to me..
On a bright note, a known company may be building our products, hope to confirm next week.
Hang tight, hope to have exciting things after the next steps
That's the reason in my opinion to shift focus as a BDC to generate revenue in other arenas while we get the alternative energy sub running.
I keep seeing posts pointing to glory days of old management. Well, remember they had just a prototype, no website, an IR guy who drove the price from .75 to .03 in two weeks, over $900 in convertible notes, $68k in debt to patent attorney, $38k owed to auditor, $10k to CPA, their attorney who knew all the filing/note details sent to prison, $200k owed to their electrical engineers, a patent license back to the company for $10k per month, and employees to pay. This has all been said before yet forgotten based on what I've been reading.
This past year we actually have delivered working units (over 30), new manufacturers, repaid all of the invoices, and slimmed the debt down substantially. I haven't pushed sales the past six months because I wasn't 100% happy with the product as originally designed, and have brought in new engineers. I realized early we needed non toxic revenues and admittedly followed a few hopeful, but ultimately not solid deals for LIBE (Fuselier produced nothing, Eastern Energy had far to much debt, Outage Expert never showed financials, Marina Bay took forever, need funds to pay for redesign, etc - list goes on)
The current efforts have been focused on finding good fits for us to move forward with. The 3 solar company merger for example - a work in progress, but not easy unless lenders play ball. There are others I'm talking to, but grabbing low hanging fruit with revs along the way as subs makes sense. Having a share structure that's more attractive is also on the table - I've been hoping to hear some thoughts on that. For the past few months on here I've been reading folks asking for a reverse, now it's seen as doom and gloom. Of course I would have a plan in place to make Liberated exciting again if the above happens, but with nobody buying shares right now, new eyeballs would see this as a 1-2 flip. That's not effective long term, and putting out LoIs to just feed it would be deceitful IMO.
Call me and I'll be happy to explain anything I can - honestly and openly.
Thanks
Brian
845-610-3817
It's calendar days, not business days.
Correct - I'll ask CPA tomorrow, just glad it's out before cutoff today.
My guess off the top of my head is the difference is the legal fees. Most often, a note is issued for a set amount minus the lenders attorney fees or broker fee if there was one involved. The company receives a little less than the value of the note.
The little spurt of volume a few weeks ago woke up lenders and they all converted (practically on the same day), and I do mean everyone converted. I'm sure they wanted stock in play in case there was a run - doesn't mean they sold it because volume didn't last more than a few days. That's why you see NITE and BMAK with the large positions on the ask - they missed the "spurt"
Cleaning it up sir, thanks for the sticky