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.
I'll speak to Olde Monmouth tomorrow and see if they'll change their stance on not giving out O/S on the phone - it's their policy, not mine. But I'm not going to start posting that here daily now that I think about it - first day I miss it would be a disaster and it's not a proper forum (a lot of travel coming up). I'll let you know.
Investors seemed to appreciate my answering questions, comments - and I was attempting to squash the complete falsehoods being thrown around. But I see you're still having fun with my name, but notice I still respond as if you're serious.
Again, gladly.
I have zero bonuses in my contract. Strictly salary. Of which I seldom receive.
I make more money in my severance (6 month salary).
I actually did/ doing this because I believe we can make it happen. I believe in the idea. I almost wish we weren't public, this part is a pain in my *s*. I've been advised to stop filing - but here I am, doing my best. Want the job? - jk
No, Brian Ferra said today that he'll text them to me tomorrow.
I can gladly do that.
So we both understand the O/S increases because of conversions right? I've also explained why there are notes and from where.
Now what is YOUR solution to stopping notes from converting, please enlighten me.
Notes were posted here many times today. It's pretty clear. Please tell me how to stop a conversion from increasing the O/S.
You screw around with my name, send PMs, and ignore my points and just create negativity - do you have a point? You just randomly posted all day about tomorrow's O/S, PPs, etc and state it as fact. Back it up.
I sent it out on Twitter on Tuesday at 10:24 AM, the moment it came in well before the news.
Nobody should have been surprised today on 34 mil of the volume.
Back that comment up. Seriously - do you own 1.3 billion shares and plan on selling? If not - back that up please.
Just a FYI from when I took over -
There was no exchange of paperwork, no briefcase full of documents with convertible notes, articles of incorp. etc, handed over to me. Frank Pringle and the only board member signed his resignation and then signed my contract.
I contacted the company SEC attorney - surprise! Frank hadn't paid him in months and he was dumping 9 mil shares before his vacation started (he's now in prison).
I contacted our Nevada agent for our articles of incorporation - surprise! Frank owed them $13k.
I contacted the company CPA - surprise! Frank owed them $16k
I contacted our auditor - surprise! Frank owed them $38k
I contacted the manufacturers and yes, surprise! they were promised half of the business and were never paid in full (I settled it with 30 mil shares, my only non convertible issuance)
Frank was billing the company $10k per month to license the patent. I called the patent attorney - you can guess it - surprise! Frank billed LIBE $68k in attorney fees to the company and issued the patent to himself and they were still unpaid
Then conversions started coming in immediately. Frank resigned the day before the K and Q were due, so I had to do filings based off of information as I gathered/ came in thru conversion notices. This took weeks to collect and obviously (as seen with Evans) not 100% complete. There were no records anywhere showing this relationship.
Our TA's attorney Rick Fox advised that we file an injunction to not convert notes until we have time to locate and find all the debt. Bad advice as note holders immediately began to start litigation that would have made my first PRs be 6-7 8k's announcing all of our creditors are suing us. I canceled the injunction and began negotiating with them - uphill battle as we pissed them off, but things were looking good until buying began. Most of you know the rest on that. Note repayment prices shot way out of our budget range to repay, hence dilution. The more dilution, the lower the PPS, the larger the reserves needed to cover the notes - which we were bound to maintain or face litigation of default. Hence the increases in A/S.
Now I had to take notes to repay where I could, cover all of the above, and continue to file, all while doing what I'm actually good at, building up a functioning business. I wish I could have just taken the Guard Lite out and start with a fresh vehicle, but I have built relationships with investors and for the most part, everyone seemed on board with pushing ahead.
The biggest curve ball was the passing of Lee Ogle, as he was setting up a large (non-toxic) royalty financing that would have rebooted the company and cleared the debt. The 1.7 mil order with Cool Lumens and Houlihan Capital died with him. December had us starting at scratch with everything I've mentioned above.
Now I don't try to pump the stock. I have tons of private messages cursing me out for NOT embellishing, hiring bullish IR, and pushing our PPS. I feel like an @ss when I have to give bad news, but I'm owning it regardless of "who's fault". But I do try to stay positive. When I know something, you know, and I always say "call me" with any questions.
Many of you know all of this as it's been posted before. But with new eyeballs everyday I think it's important to know our past to build a better future.
Thanks
Brian
845-610-3817
This and I'm done
1- Yes we did have KBM note - do you have an issue that it was repaid? What's your point?
2- What's the former colleagues note? Or are you just continuing to create BS?
3- It's Eastmore. Eastern is our manufacturer - How do you even follow your BS. The purchase was outlined here. 34 mil and it's done - not the worst part of our day.
4- JSJ hasn't even sent in a complete conversion notice, no stock has been issued to them. So unless you're claiming they have shorted (more than was even sold today), I can only call your comment - MORE BS
Have a great evening
Seriously? Call me directly with any questions.
or call VFIN like I just did and ask for Steven Rosen, their compliance officer or Billy Gernaval their VP why they have a $4.00 trade on our ask for the past 30 days.
(800) 266-8023 - VFIN
Brian Conway - 845-610-3817 I'll gladly share my thoughts, but I won't post them here.
Let's try to focus on what the 8K really means -
KBM/Vis Vires would have really hurt us - look what they did with the KBM portion - converted daily for 7 days smashing our bids bringing us to .0001 - The sister company would have done the same.
We've been cleaning up debt and going with one financial partner - LG. The stragglers are done, I just have to deal with JSJ, which I am.
WE have NO plans to do a Reverse Split. I agree it would be easier to clear debt, reverse, then massive awareness to a whole different class of investors, market makers, etc. but I actually do care about our shareholders. As I said before, I'd make sure their was a way to protect them first before entertaining a reverse - but we're not even discussing it atm.
New England GL just told me I should have pictures from Marina Bay today which I will share asap, and management from Voiceflix is flying in to film next week. I hope to have the new hires in place before that begins.
Chin up - lunch over
Brian
No, no new note today.
Is there some benefit to twisting words?
The O/S is 1,511,425,748
That includes Eastmore (not Eastern as you say) and the private placement that allowed us to repay the Asher note - you know, the note you told everyone last week I would never pay back and had already decided to convert? Yeah, was nice to have you quiet a few days eating those words.
As I said on Twitter and in the 8k Eastmore converted Tuesday and JSJ who you'll know I've talked about their $12k from many previous posts wants their final conversion now. Some of this may be that but I'd only be guessing there.
Feel free to call me with any questions
Brian
845-610-3817
Been looking into it today and it's looking like balance of the note was @$37,000 but they sold LG $35k for $50k - so they kept @ 2k to convert - will make adjustments.
Doing our 8k and PR now that's taking my time atm.
These are approximates - CPA can do the math
Eastmore Capital, LLC has 34,131,784 shares - they sent in notice to the TA for them last night. It's what they had leftover when LG bought the note.
Lots of forms to fill out..
Currently just filed Form Type D which was accepted, followed by the mailing of Form U-2 which will send out tomorrow.
Once complete I can 8-k.
About 35 active.
I received a call yesterday that Marina Bay got their lights up - hope to have a picture soon.
The post you are referring to was various scenarios presented to me, and I thought I was clear that was all they were. I apologize as I probably shouldn't have been "thinking out loud" on the board. But if you really want to walk away from that post with a positive - LG, our financial partner, wants to see our PPS go up, so they can make a larger, long term, non dilutive, investment into our company.
There are currently no plans for a reverse split.
All notes with KBM and Vis Vires have been fully paid off. Both companies commonly known as Asher, have had their reserves released back to treasury.
This was announced on the company's Twitter feed moments ago. Waiting on council to discuss a PR.
If you'd like confirmation in the meantime feel free to call me.
Thanks
Brian
845-610-3817
I have answered all of those questions, but I'm a bit busy to feed your BS atm.
Call the sales line and ask away. All of these questions has been public knowledge for a year.
I get the note paid off and now it's something else...Give a fellow Irishman a break.
You saw VFIN on the ask and contacted the SEC? Good - I'd love to know why they don't have to show their whole position and why they consistently show up on slow volume mornings with shares that never seem to go down when slapped. They stay on the box until sizable buys start rolling in and they move out of the way. IMO it's blatant scare tactics to keep the price down.
Now, the lender who has $12k left on their $50k note which they ran out of reserve months ago. They've been threatening legal action if we didn't have shares available by yesterday. They sent in their final conversion notice weeks ago. Here's my opinion on that - shares were sold at our all time low, now they need to cover, hence the interest in stopping our run of the past few days to .0006 - all my opinion mind you, but boy does it make sense.
On another note - On Netflix btw:
http://www.imdb.com/title/tt1362435/
Lost Son of Havana - nominated for an Emmy for sport documentary. The story of our guy opening Cuba.
You would be VERY wrong sir.
It's black and white on this - we either can afford to payoff or not. How that happens is what we're working on.
There's no conversation where "we decided" to convert. I haven't spoken to them since we asked for a payback price, and that was via e-mail which I posted here.
I just wrapped a call with Dan Tiant and we're moving forward with lawyers next week - believe what you want, but I have never lied. No plans for a reverse and I'm not going to argue what you think vs what I know.
Shares are needed and check was sent - we'll retire what we don't need, but we need some to close what I discussed last night.
Well, last week or so I received a term sheet for a $4 million equity line. The issue I was going over was their commitment fee of 4% which we pay regardless of a S-1 being approved. That's an expensive risk, and most likely paid in a note.
After viewing this, LG Capital said they would waive a commitment fee - That’s @ $200,000 savings to us. I did have a call with their lawyers. Issue is this - they want to see the PPS increase before an S-1 or have me reverse the stock, then do an S-1. Typically the equity line amount is based off a % value of the O/S, hence the reverse or increase to make it worth the expense of the filing and give us the number we need. Since I have always said I would not do a reverse in the interest of shareholders, the option is to see a PPS increase. That means land the contracts, acquisitions, revenue, etc - build the business. Hence my hiring of a few experts, completing the tools they need ASAP, and pushing Cuba.
Great news is it's non diluting. They do get shares equal to whatever I may draw down, but no discount, just 15% interest in shares. That means it will NEVER be in their interest to see the price per share drop, ever. They're investing their money as we implement our business plan with the same goals we have - to make money.
Going over various options with bigger financial brains then mine at the moment to see what can be done. Stock swap for investors with preferred shares? Selling preferred at a discount that could convert 100/1? Going over options. In the meantime trying to get that note covered, and focusing on the things that could do this the old fashioned way - see an increase - penny to a nickle could do it.
I just don't get into it here day to day, that's why I always say call me. I don't pin hopes on hypotheticals - old CEO would PR these things as positives before anything was done - I'd like something in the can first and I would consult openly via Twitter or Facebook before making any such decisions. But seriously call me - I hold the opinions of shareholders in high regard - even the negative ones :)
Thanks
Brian
845-610-3817
Seriously, can't make folks happy all the time - tweets, facebook, ihub - PRs cost money $3-400 doing it right. I save those for deals that are done and need to be announced. Everything else is a courtesy to keep shareholders up on the day to day. If you have a burning question that needs an answer - call me.
845-610-3817
Brian
I'm constantly updating folks here and now on Twitter/ facebook. Two weeks ago I did a PR that could have been 6 - Call me with any questions, any time
thanks
Brian
845-610-3817
Well now you're digging into what's in my back pocket. Language all over the note says 6 months from March 12th - what you see there is what I may "go to" if we haven't paid it off at the six month mark. Probably best to leave that alone for now - doing more damage than good for us.
I'm not sure where you're confused on those two posts - "If" and "can" basically means "if we have the funds available to pay it back." i.e. Can we afford it. Currently we do not have the money, but by "working on it" I mean I'm in discussions with two possible solutions- LG and another private investor. That is also why I'm ramping up sales and not wasting what we do have on IR, etc. until this is addressed.
There's more behind it all, basically negotiations, that I can't get into here. But know I am doing my best, with shareholders interests at the forefront.
BTW, every firm you can imagine has been calling me offering convertible notes the past week. I could probably bring in $200k right now that would just put us back at square one in 6 months. I could also sell various debt (auditor, patent attorney, etc) but again, not the best for shareholders. Focus is on building the business, PPS will follow. Equity line would be nice - all on our plate right now.
My guess is this was a typo as I'm pretty sure it's not a 3 year convertible note.
From: Judah Eisner [mailto:jeisner@nwbmlaw.com]
Sent: Tuesday, August 18, 2015 3:19 PM
To: 'Brian P Conway'
Subject: Vis Vires with Liberated Energy, Inc. -
Per your request as of September 4, 2015 the amount to payoff the Vis Vires note is $45,714.49.
Voiceflix is hard at work - Website, Distributor Video, Corp Video underway! Need materials asap for Dr to show all of the big guns!
Corporate video will be pretty standard.
Distributor video will be a cartoon - catchy and easy to e-mail out
I have a buddy of mine who does all of the photography for BMW's brochures willing to take some video/ photos for the product video that will be done after the above. We'll ride out to some of the closer, picturesque locations like Fury Brook Farm, Little Mill Country Club, etc.
Also have a new product - think "Guard Lite Junior" - underway. Working with various engineers, but if anyone here wants to throw a hat in the ring give me a call - Looking at you Detective - I want to use your powers for good lol (they'll be an NDA of course)
Thanks
Brian
845-610-3817
I can completely understand that in light of the last few days in the market, 17 month low, China just crapped the bed, etc. that we'd see some selling especially if they bought in the 2' or 3's the last few weeks.
I'm pretty sure there's profit taking and that we'll see this all the way back to a penny. It's healthy.
IMO
NO SHARES CONVERTED
Not sure how many times I have to say this, but there were no shares issued today, yesterday, last week, etc.
O/S is the same.
In my experience the ones making the most noise about selling are usually the sellers - just my opinion.
Nothing has ever been absolute. I'm looking at all possible scenarios and putting them out there to discuss.
Our OS has not increased in weeks. I don't see how with 1.2 bil in the market one "assumes" that these small dollar trades indicates new shares. Then again, I'm not a stock expert - just calling it as I know it.
I can say that I am doing/ will be doing everything I legally can to help that situation.
BTW, it is our RIGHT to pay off that note. They can NOT refuse. This is not like the older notes that were past their conversion dates when I took over and I was at their mercy.
I can't offer any professional/ official insight to VFIN, not being a CFA, but if I had to guess - I know Vis Vires likes their notes at @ .0001 because they can get guaranteed returns, based off of a quote from their CEO months ago (I took it as jest back then as we were nowhere near that low).
IMO I don't think there's much there as they keep moving up when serious buys come in, I'd guess to say they're there to keep the scare on so they're closer to a bigger flip if and when they can convert.
Now, I asked them for an offer and that's the number they came back with. I'm working with LG and another private investor to try to cover that note. Working on it now. Based on the last bit of trading a note with their sister company KBM, if they were to convert I'd imagine it will look a lot like last month - the whole nut in 1-2 days. If we can't buy it back, then I believe that's what we're looking at - few days and then clear skies.
BTW that $33k paid $15k to the Auditor (had an outstanding bill of $38k when I took over), the rest to the attorney and CPA which was owed for the Q & K).
Again, I'm not a certified financial analyst so this is just my opinion.
Brian
FYI - Fuselier has not been paid 1 share, and I'm on the fence with moving forward with him. Besides the introduction to TOE and Voiceflix, he hasn't had any involvement for weeks. He's seems more interested in negotiating with our old lenders for funding of his personal companies.
I'm giving him a week to poop or get off the pot.
I came back to 1,220 e-mails not to mention voicemail - getting caught up today.
BTW- no new shares in the market.
Thanks
Brian
845-610-3817
I sent a handful of pictures to Amber at VoiceFlix earlier today, but I didn't see the Tweet until just now. I'm not very pleased to see IFCR on there. I know that's a client of theirs, so until I speak with them I'm going to assume it's a typo on their end. Pretty unprofessional mistake IMO
Heading back up to Boston again next week to nail down Cuba (some key people couldn't make a meeting last week) but so far so good. I hope to have some updates this week - a lot to wrap up - EES, TOE, and new hires.
Just an FYI - I've been out of town since Tuesday and can confirm that u haven NOT seen a conversion for me to even approve. Let alone one having gone thru. The filing shows it all
Remember, people do buy and sell to make $$ and im sure there's profit taking atm
I'm going up to Boston tomorrow afternoon for a few days to help Guard Lite New England close their sales. They have ALOT pending and with the marina units not up, maybe the CEO being there can help them along.
Also will be discussing Cuba in further detail.
Well you're not wrong. RS is on everyone's lips as they discuss financing.
It's either get the price back to .01 levels or RS then do an S-1. With me not allowing for a RS council needs to get creative. Working on solutions that don't include a reverse now...
It's out on Twitter btw, just not doing a PR until a decision is made and it's 100%
Working on what you've mentioned.
We did have a rather large company inquire, and I'm still in touch atm - they're watching what we do from here pretty closely.
We're bringing someone in with a background in building distributorships as well as another just focused on larger contracts. As far as the online stuff, once ready, SEO work will be done by Voiceflix to build our online presence.
In the meantime, I'm working on our equity line now, having received a term sheet last week for 4 million and having a call at 1:30 with LG Capital attorneys who have already made a nice verbal counter on Friday - non-toxic $$ to implement the big picture.