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BTW, just paid the $150 to get the news on Ihub. Guessing this is why nobody could sticky lol
Winters Member Level Thursday, 07/23/15 01:14:43 PM
Re: fenian32 post# 22147
Post # of 22901
"Should" is the term I used because LG Capital bought Eastmore's note. So technically they "could" convert that note at any time (they also wanted to grab KBM's but missed the deadline due to communication issues with vacations, etc.).
LG is working with us to clean up any remaining debts, and provide us the new credit line needed for one of our acquisitions (that business has huge up front material costs, but we may change the way that works down the road). They don't need to convert it out, but I've learned not to speak in absolutes.
Their goal is to be the one lender with long term invested interest in the success of the company by investing into it's operations - PO financing, factoring, equity line, etc. - all to be discussed in Manhattan over the next two weeks.
BTW, it takes a bit to respond as I only check in from time to time while on the phone.
http://facebook.com/liberatedenergy
http://twitter.com/LIBEnergy
Conversion in:
7/29/2015 2:23 PM
Number of Shares: 52,027,778
Conversion Price: $0.00018
Balance on Note: $1,295.00
And Fen, I'm not going to answer that over and over for you every week. I have a filing due soon and don't have the time to waste repeating myself.
Yes, attorney is a few hours behind but it's been requested.
They've clearly recovered their loan with a healthy profit, they may just sit on the $10k to see where it goes. Though if that was the case it would be smarter to convert and hold the larger number of shares for when we go back to pennyland. They have a large reserve I'd like to see released back into authorized. They don't need 500 mil shares to cover $10k but maybe that's part of it, keeping shares locked up - IMO
Hard to guess how their brains work over there, but i'm guessing they know what they're doing for their benefit. I called them yesterday asking why they haven't just finished and walked away and I was told, "we may break the 10 into two conversions" When I pressed for why he suddenly didn't know anything about how his company trades out.
I haven't received a conversion notice today for that $10k. Last week they averaged between 11am - 1pm sending the e-mails. This doesn't mean they still won't today, but all signs looking like "not today"
Few more details.
EES had some internal issues last year regarding a now ex partner that damaged their line of credit and vendor relations. They also have @ $500k in receivables that they've been chasing for payment, and close to $1.5 mil in open work orders.
Now, aside from the new revenue stream of building our guard lites (detailed in a PR earlier this year), we're looking to provide them what they need to finish off the uncompleted projects. LIBE will capitalize on the now completed orders (60 days), with some proceeds repairing the credit line, allowing EES to go back to generating the kinds of revenue it has for 20 years. Only now, it's LIBE's and they are commissioned employees. This ties into the more traditional financiers I've been meeting with - another tomorrow.
"You would call the company and ask questions, but...."
I know, easier to type that than make a call. Easier than following my posts and finding the answers.
When I took over for Frank I moved the company's address from Frank Pringle's house, to EES where there is real office space, warehousing, etc. I kept the business in the same area because of our discussions with a senator and presidential candidate regarding the US/Mexico border fencing. This deal would create a lot of jobs, so we stayed in her district in return for audience with the big guy.
Until we acquire EES I can't change and have no say on their website.
Stock deal? Who get's what? That will all be made public once it's actually done. Ideally this will be done with affiliated, restricted shares.
Guard Lite New England, LLC is expecting @ 1500 people to see the Guard Lites once they're up - which should be in a few days I imagine. They have been showing brochures for months and sitting on orders until they had the first ones delivered (they even showed the mayor who wants one for the city engineers) Working out specific dates now to do a show and tell for them.
As for the other companies - our product is simply superior and covers lighting and security at a much better price point.
Thanks
Brian
845-610-3817
Please show me where I raised $500k. Also, show me where I spent it. This company had $40k in it when I took over and probably $200k due in bills. The previous CEO raised over $600k, I've just been stuck dealing with it as have the rest of you.
This all would have gone smoother if Ihub didn't mysteriously explode and share price jump before I could finish my plans to right the ship.Either step aside or hang on while we attempt this the hard way. I lost a fortune taking on this role, but I see further and know it will have all been worth it.
Here's the plan I had for which I turned my $700k+ free trading into affiliate shares (still haven't sold a share).
I had a 2 million dollar royalty financing in negotiations that would have cost us zero stock and paid off all of the converters thru a sub of Houlihan Lokey. This was based off of a 1,000 unit sale thru Cool Lumens. That all went to pot when 1- old CEO allowed notes to default and 2- share price crashed due to those notes. Then the stock price shot back up making all the notes payoff price shoot to four times. I wasted months working that all out for naught.
So here we are, turning it around the old fashioned way - building the business, and getting thru the notes. Anyway, hope that sheds some light, I have to get back to finishing this shareholder update. I'll be able to share more after.
Latest - FYI - this doesn't include what they converted today. They don't physically have the shares yet but they technically own them the moment they sent over the notice. Soooo...make what you will of today's activity. IMO
From: Henry Diekmann
Sent: Monday, July 27, 2015 1:13 PM
To: 'Gregg Solomon'; 'Matt Troster'; 'Cindy English'; 'Sam Kantor'; 'Jeff English'; transferagent@oldemonmouth.com
Subject: RE: KBM Worldwide, Inc. with Liberated Energy, Inc. #1 Notice of Conversion dated 7/27/15
This is to confirm that KBM has sold all shares of LIBE represented by cert no.’s 612 and 613 and KBM has no other shares of LIBE in its account at SCA at this time.
Conversion in:
# of Shares: 52,027,778
Conversion Price: .00018
Balance on Note: $10,660.00
KBM Worldwide 10:45 today
Now I have no way of knowing if this is covering last Thurs/Fri or coming out now - IMO
No reverse split and I pay the attorney on my credit card - $7,000 last week if you must know.
This is how they make money:
Yes, we've sold over 30 unites and have 7 distributors with a min purchase order of 50 units each per calendar year. That's 350 units guaranteed for a revenue of $850,000 to the company as of today. We plan to extend the number of distributors to cover all 50 states making it a potential 12.5 million in distributor sales MINIMUM per calendar year. Dollars are based off of distributor wholesale price of $2,500 per unit.
We're adding additional revenue streams via acquisitions that make sense from self manufacturing, and bringing in energy efficiency experts. This will complete Guard Lite daily operations and allow Liberated to expand into other areas of alternative energy, and focus internationally.
In my opinion they've proven themselves over the past year by never asking for outlandish reserves, trading under 5% of the volume, and actually caring about what our company does. They've taken risk with us and we've been as high as .39 back when they were one of the only converters. Sell limits, guarantees, etc will all be discussed at our meeting.
For now they came in and removed a group that was hurting us, and have stayed true to their word.
"Should" is the term I used because LG Capital bought Eastmore's note. So technically they "could" convert that note at any time (they also wanted to grab KBM's but missed the deadline due to communication issues with vacations, etc.).
LG is working with us to clean up any remaining debts, and provide us the new credit line needed for one of our acquisitions (that business has huge up front material costs, but we may change the way that works down the road). They don't need to convert it out, but I've learned not to speak in absolutes.
Their goal is to be the one lender with long term invested interest in the success of the company by investing into it's operations - PO financing, factoring, equity line, etc. - all to be discussed in Manhattan over the next two weeks.
BTW, it takes a bit to respond as I only check in from time to time while on the phone.
http://facebook.com/liberatedenergy
http://twitter.com/LIBEnergy
I'll post as soon as the next conversion comes in. I've already reached out via phone and e-mail with zero response asking if they were planning to convert again today. Based on the last 4 days each notice came in between 11:30 the earliest and 12:45 the latest. I'm as anxious as the rest of you to see this behind us.
I think I was pretty clear on the "whys". If I didn't care there are much easier options available.
That's lawyer speak - pretty much formula for a 14C I'm told when a proxy isn't needed.
Anyway, you don't have to work so hard on the negative, your boss has a 10 day look back. More than enough time to wrap up the piss poor treatment of our shareholders this week. Good riddance.
Boston order ships today! Better days ahead - IMO
My guess is they had to sell fast to receive more and stay under 4.9%
If you mean who is doing the conversions, it's KBM Worldwide. Liberated received $64,000 six months ago in a convertible note. $15,000 was sent directly to the Auditor. The rest was used for operations (attorney, CPA, etc.) We stretched it pretty far IMO
This should help:
Friday, 7/22 Conversion #1 16,535,714 shares @ .00028 Balance $59,370.00
Monday, 7/20 Conversion #2 45,232,143 shares @ .00028 Balance $46,705.00
Tuesday,7/21 Conversion #3 45,225,806 shares @ .00031 Balance $32,685.00
Weds, 7/22 Conversion #4 45,214,286 shares @ .00028 Balance $20,025.00
He's quoting directly from my posts here over the past 24 hours. You can call me for confirmation if you wish.
That number in our filing today is based off of the last Q. We traded @ $900,000 in the month of June alone. That number will be corrected next Q
Brian
845-610-3817
I agree. Once ready I'll certainly do a full update, and I'll include the LoIs. I feel better with a PR outlining various points, instead of doing the usual Pinky move of stretching them into 5-6 PRs to move PPS. We'll get there the right way.
Catch up bro! With love I'm just telling you to read my posts, I've answered that a few times today already!
From what I understand is the moment they request a conversion they own the shares. They may not physically have a certificate for a day or two after. However, it's their relationship with their brokerage firm that determines if the broker will sell the shares while they are still in transit, which they clearly are allowing.
First conversion came late Friday. Then another on Monday, and Tuesday. Our TA e-mailed them and me that they still had two certificates open for a total of 61,767,857 shares and need confirmation that they were sold before they can issue more on Tuesday. They confirmed that they were sold.
Now is this a short? If ownership is determined at the time of request and the broker is willing to sell shares they don't physically have, it's certainly dangerous to the converter if the stock price was to go up before their certs cleared for delivery to the buyers. Hence, the huge effort to keep the price down (VFIN, bashers, etc.) because if they sold 61 mil shares Monday and Tuesday, and the stock shot to a penny, it would be a pretty epic squeeze.
Yes, we've sold over 30 unites and have 7 distributors with a min purchase order of 50 units each per calendar year. That's 350 units guaranteed for a revenue of $850,000 to the company as of today. We plan to extend the number of distributors to cover all 50 states making it a potential 12.5 million in distributor sales MINIMUM per calendar year. Dollars are based off of distributor wholesale price of $2,500 per unit.
We're adding additional revenue streams via acquisitions that make sense from self manufacturing, and bringing in energy efficiency experts. This will complete Guard Lite daily operations and allow Liberated to expand into other areas of alternative energy, and focus internationally.
My comment regarding vacation was for the kids to tell their boss "Mr. Conway is away and can't sign off on the stock conversions. We've wasted our time on the boards, we have no stock to sell!" same with the sore hand...
And wait - I can outline a whole media plan and it gets deleted for being off topic but you can ask the CEO if he masturbates? This place is so pro.
I'm not a certified financial analyst. What you're asking would be illegal for me to answer.
Yep, my signature hand is getting really sore...
I haven't been paid in two months. I'm selling shares of other companies I own to keep afloat.
What my contract says and what I make are very different. I haven't even issued myself shares to cover what I've lost. BUT, remember Frank Pringle gave himself $14k a month for patent rights, his sister-in-law $4k a month to be his assistant, and a $250k per year salary. I did away with all of that, but I had to pay it for four months.
BTW, if I dropped news right before or after folks would have just said I'm pumping for dilution. Let them finish (two days at this rate) and then we'll see where it goes.
Details of the acquisition price, etc are confidential at this time. Once it actually happens you'll know when everyone else does.
BTW, conversion number 4 from KBM, day 4 since they started just came in:
45,214,286 shares at .0028 balance on note $20,025.00
Keep bashing away and I'll go on the vacation I haven't had in two years and nobody will be able to approve these.
1 - JSJ is wrapping up/ wrapped up - I have to check as I haven't heard from them in months. That leaves just the current KBM I just posted about.
2 - No more should convert before September
3 - The goal is to buy back the two before conversion in September.
The past few months, especially the past few weeks, I have been trying to take care of the notes I've inherited and the few I was forced to take to pay off past debt (TA, Attorney, CPA, Auditor, Patent Attorney, State of NV - list goes on). For the most part, all of that was accomplished. I went almost 6 months without news because I did NOT want investors to carry the burden of turning this company around, but alas - for some reason that boggles myself as well as FINRA, Ihub blew up and we became "liquid". That unraveled all of our plans buying back notes.
Lawsuits and threats of legal action forced me to increase the A/S to cover up to 8 times reserve for each of the note holders. Even at 3 billion it wasn't enough (was supposed to be 5 bil but there was miss-communication). If we were in a different state we'd have Unlimited A/S, but in NV I have to file, and it costs money each time I do. This amount allows us to accomplish goals and have a well to draw from if the need presents itself.
Right now the two large reserves are 1 billion and 700 million, leaving next to nothing to conduct the business of acquisitions. Again, this was NOT done to create more convertible debt/ raise money.
Is that the question you want to have answered? Wasting my time replying to sarcasm?
I thought we had 10-12 days before this would happen, looks like the attorney pushed it out. So here it is.
These shares are NOT for raising capital. They are here for acquisition purposes.
With the help of LG Capital and a private investor all of that $500k+ has been handled except the current conversions of KBM Worldwide which has gone from $64k to $32k in the past 4 days, and the two JMJ notes due in Sept.
I've seen KBM's office. I've seen the sea of cubicles with fresh out of college kids working forums and phones. They're angry at me for not increasing their 700mil reserve to 1.5 billion. So they're wailing on our stock. They don't need 1.5 bil for $64k, but it looks like they're trying to prove a point that they may by driving us down.
Way to many posts here since my last to go thru but ask away and I'll answer what I can between phone calls.
Boston order is complete. Shipping via Freight Center is all set for pick up tomorrow.
Just...wow.
Please post my e-mail address so we can all know where you sent it?
You do realize we're regulated right? That I report to FINRA, the SEC, as did the old CEO? That the state of Nevada has the signatures, the payments, etc. showing the history of this company. That I had a consulting contract for a little over a year with LIBE, working for Mr. Pringle, with W-2's, etc. Do you know that there's a shareholder list you can request showing all the shares I've ever owned, as well as a tax return? I've worked for him once before as his investor relations consultant, responsible for The Discovery Channel's 30 min show about his technology as well as all the media from Popular Science to Time Magazine. It's all documented. It's what I've done for 17 years. His stock went from .73 to over $5.00 per share and sold the tech to a 38 billion dollar company. I've worked with hundreds of CEOs and never had an ill word, nevertheless a ripoff report.
He contacted me after 5-6 years asking to help after an IR guy named Keith McNally was given millions of shares of LIBE. He vanished and sold them into the market over 2-3 weeks from .75 to .03. I put a stop on his remaining shares when I pulled the deposit docs from the TA and found he paid for them with a bad check. We went thru all of this with FINRA. I went thru this again in April with FINRA when our stock jumped up 10X in price and Ihub suddenly took off with zero news. I'd say that LIBE has been thoroughly looked into between the subpoenas regarding HEMP, Mr. Pringle's past, and their probe last April to see if we paid for promotion.
My point is, if anything you said was even a little true, I wouldn't be here. Hell, we wouldn't even be trading.
BTW, I did post here under Winters before I was hired to take the temperature on the stock. I was VERY reluctant to work for Frank Pringle again, but his technology, especially his microwave work is world changing. I've managed to track down the current patent owner and still have a huge interest in bringing that to LIBE. His name is Thomas Viewig and I've known him for years...
There is no line of credit, yet. Working with a few sources with meetings pending over the next two weeks.
A/S - I'm looking to possibly increase to do the acquisitions. there's not enough available (see previous post).
I don't expect folks to read all the posts here but you may want to look at mine for answers to these questions. This is why I'm changing day to day communications.
The goal is to have these businesses operate under LIBE, with salaries and commissions given and LIBE offering the credit line and collecting the revenue. Goal is to put 3.1 mil on the books asap. Any stock they receive for acquisition will be restricted and affiliate shares, meaning they can't be dumped into the market.
I've been waiting for the 2nd LoI to announce names, but honestly would rather wait until the deals are done. But, I'm willing to put it out there since many shareholders want to know. We do have a have a filing coming up btw.
Funny, if I PR during downturns I'm called out for pumping for dilution. If I'm quiet on Ihub you feel I'm dropping the ball, while I'm actually getting business done. When I answer all the questions folks resort to calling the product ugly lol, I mean seriously
My intention has always been to get thru the notes via buybacks or the market, then build upwards. Until then, participate at your own discretion. I've been patiently waiting myself. - all IMO
It's 12 feet and most orders are coming from the new brochures, not the website (which is under construction).
If you'd like to PM me your address I'll send you some.
BTW, not a big fan of the tii - I'll stick with the Mustang.
"Jewish people driving German cars" - great song.
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The LEED rating system offers four certification levels for new construction -- Certified, Silver, Gold and Platinum -- that correspond to the number of credits accrued in five green design categories: sustainable sites, water efficiency, energy and atmosphere, materials and resources and indoor environmental quality. LEED standards cover new commercial construction and major renovation projects, interiors projects and existing building operations. Standards are under development to cover commercial "core & shell" construction, new home construction and neighborhood developments.
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Then you'll be in for a surprise as we have been contacted by numerous companies specifically for retrofitting parking lot lights.
The design being ugly is just your opinion.
These are whole units. The retro part is the base plates that will go over existing hardware already installed in the pavement. Biggest delay was on the buyer side - Marina Bay took about two weeks to return the measurements so we could cut the bases. We had another 5 day delay swapping the poles from aluminium to steel (metal shop had power issues with some storm in PA). We hope to soon start building an inventory for faster turn-a-round, but this was our first order through a distributor and we learned some things.
I've passed these questions on to the attorney and CPA. If there was an omission it certainly wasn't intended, as I've been posting note details here all along. Hopefully it's just been overlooked somewhere in the filing.
I can't read every post, every day as it can become a complete time suck age and a danger of saying something I should not. I'm way to busy with my time divided between the stock side and the business development side. We are looking to bring in additional operational help on both fronts (one of them is an actual Ihub poster and investor who has been both positive and negative, but always honest with us over the past year, but has brought some huge business the past few months - FEMA, SD 49ners, etc.)
Moving forward, it's been made clear that social media is OK by the powers that be as long as ALL shareholders are made aware as to how to find the information. That said, I'd like to include in the next PR the links to twitter and Facebook and let folks know they can expect timely updates on developments within the company. I like interacting with investors and this will allow me to do so with no fear of exposing to much, as that forum is a recognized news source. I-hub is not.
We are at 951,727,225 issued and outstanding.
1 billion reserve in friendly hands (LG)
@ 700 mil in reserve for KBM.
I do need more shares for the acquisitions and going over options now. Reversing would be easier, but I made a promise.