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This link should help with your question,
http://ih.advfn.com/p.php?pid=nmona&article=52068354
Your comment is a contradiction.
Around 2 million shares have traded in the last 3 months,
Aproximently 60k worth of RC shares, not much really !
who else were all us investors going to call, when's the last time anyone spoke with Brad or anyone else from the company ?
Larry takes all the calls, that's one of the reasons why he was appointed by the RC board to the Advisory to handle this task as well.
Close Prices Last 3 Months Price/volumes not adjusted for restructures
Date Ex Sym Open High Low Close Chg Vol #Tr Bid Ask
2012-09-10 Q RCFEF 0.025 0.03 0.02 0.028 0.001 262,315 17 0.02 0.0385
2012-09-07 Q RCFEF 0.02 0.027 0.02 0.027 0.012 45,000 5 0.017 0.029
2012-09-06 Q RCFEF 0.015 0.015 0.029
2012-09-05 Q RCFEF 0.015 0.015 0.015 0.015 28,500 1 0.0001 2.10
2012-09-04 Q RCFEF 0.017 0.0183 0.015 0.015 -0.01 82,500 4 0.015 0.029
2012-08-31 Q RCFEF 0.019 0.025 0.019 0.025 0.005 23,909 4 0.017 0.025
2012-08-30 Q RCFEF 0.0185 0.02 0.015 0.02 0.0015 197,900 9 0.0019 0.02
2012-08-29 Q RCFEF 0.0185 0.0019 0.021
2012-08-28 Q RCFEF 0.0185 0.0019 0.02
2012-08-27 Q RCFEF 0.0185 0.0019 0.02
2012-08-24 Q RCFEF 0.0185 0.0019 0.02
2012-08-23 Q RCFEF 0.0199 0.02 0.0185 0.0185 84,300 5 0.0026 0.0755
2012-08-22 Q RCFEF 0.0185 0.016 0.0199
2012-08-21 Q RCFEF 0.0185 0.016 0.0199
2012-08-20 Q RCFEF 0.0195 0.0195 0.0185 0.0185 -0.0025 35,000 2 0.0026 0.0755
2012-08-17 Q RCFEF 0.0195 0.021 0.0195 0.021 0.001 18,000 3 0.0195 0.021
2012-08-16 Q RCFEF 0.0195 0.02 0.0195 0.02 -0.0035 50,572 3 0.0195 0.024
2012-08-15 Q RCFEF 0.024 0.024 0.02 0.0235 0.004 56,500 4 0.0026 0.0755
2012-08-14 Q RCFEF 0.0195 0.0195 0.0195 0.0195 -0.003 35,000 1 0.0026 0.0755
2012-08-13 Q RCFEF 0.0195 0.0225 0.0195 0.0225 -0.0015 40,000 4 0.0195 0.024
2012-08-10 Q RCFEF 0.024 0.0019 0.024
2012-08-09 Q RCFEF 0.0185 0.024 0.0185 0.024 0.0015 139,400 2 0.0019 0.024
2012-08-08 Q RCFEF 0.0225 0.0019 0.024
2012-08-07 Q RCFEF 0.0225 0.0225 0.0225 0.0225 0.0025 13,000 1 0.0026 0.0755
2012-08-06 Q RCFEF 0.02 0.0026 0.0755
2012-08-03 Q RCFEF 0.02 0.002 0.024
2012-08-02 Q RCFEF 0.02 0.0026 0.0755
2012-08-01 Q RCFEF 0.0185 0.02 0.0185 0.02 -0.003 50,000 2 0.002 0.024
2012-07-31 Q RCFEF 0.023 0.023 0.023 0.023 -0.001 20,000 1 0.002 0.023
2012-07-30 Q RCFEF 0.0222 0.024 0.0188 0.024 0.0001 111,766 13 0.0185 0.024
2012-07-27 Q RCFEF 0.0195 0.0239 0.0195 0.0239 0.0054 8,855 2 0.0026 0.0755
2012-07-26 Q RCFEF 0.0185 0.0185 0.0185 0.0185 0.0002 20,000 2 0.0183 0.027
2012-07-25 Q RCFEF 0.0183 0.0183 0.027
2012-07-24 Q RCFEF 0.0275 0.0275 0.0183 0.0183 -0.0047 44,867 6
2012-07-23 Q RCFEF 0.02 0.028 0.0186 0.028 0.028 132,150 8 0.0183 0.029
2012-07-20 Q RCFEF 0.02 0.023 0.02 0.023 -0.005 111,800 8
2012-07-19 Q RCFEF 0.0206 0.028 0.0183 0.028 -0.001 41,349 7
2012-07-18 Q RCFEF 0.035 0.035 0.0206 0.029 -0.013 153,400 12
2012-07-16 Q RCFEF 0.031 0.042 0.031 0.042 0.011 20,100 4
2012-07-13 Q RCFEF 0.02 0.031 0.02 0.031 0.01 113,555 9
2012-07-12 Q RCFEF 0.021 0.021 0.021 0.021 9,238 1
2012-07-11 Q RCFEF 0.0184 0.0245 0.018 0.021 0.0026 172,100 6
2012-07-10 Q RCFEF 0.0193 0.024 0.0184 0.0184 -0.0001 121,350 8
2012-07-09 Q RCFEF 0.0181 0.0185 0.0181 0.0185 -0.0065 15,600 2
2012-07-06 Q RCFEF 0.02 0.025 0.02 0.025 0.005 50,557 3
2012-07-05 Q RCFEF 0.025 0.029 0.019 0.02 -0.005 168,400 9
2012-07-03 Q RCFEF 0.02 0.025 0.0165 0.025 0.005 71,545 5
2012-07-02 Q RCFEF 0.022 0.022 0.02 0.02 31,000 2
2012-06-29 Q RCFEF 0.02 0.02 0.02 0.02 51,041 4
2012-06-28 Q RCFEF 0.02 0.02 0.02 0.02 -0.001 17,500 1
2012-06-27 Q RCFEF 0.022 0.03 0.0163 0.021 -0.001 100,004 11
2012-06-25 Q RCFEF 0.022 0.022 0.022 0.022 -0.0035 12,300 1
2012-06-22 Q RCFEF 0.0275 0.035 0.0255 0.0255 -0.0095 85,000 8
2012-06-21 Q RCFEF 0.039 0.039 0.0255 0.035 31,615 4
2012-06-20 Q RCFEF 0.039 0.039 0.024 0.035 -0.004 31,900 3
2012-06-19 Q RCFEF 0.0201 0.039 0.02 0.039 0.0189 167,700 11
2012-06-18 Q RCFEF 0.0245 0.0245 0.02 0.0201 -0.0044 183,690 15
2012-06-15 Q RCFEF 0.027 0.027 0.0201 0.0245 -0.0025 40,800 7
2012-06-14 Q RCFEF 0.025 0.027 0.024 0.027 104,100 4
2012-06-13 Q RCFEF 0.023 0.027 0.0155 0.027 0.004 224,835 17
2012-06-12 Q RCFEF 0.029 0.029 0.023 0.023 -0.0025 49,500 4
I just so happened to have had the the same question as slojab did,
and that was his response, We are talking about purchases, not sells.
then you would be the first,
people call in to him regularly he doesn't need to call out to anybody, On most days he says " it's all he can do just to keep up with the incoming calls "
I remember how concerned he was when it was at 0.20 due to the fact that RC did't have it's financing.
He and the company knew that if the stock were to continue to go up without cash in the treasury to do work on the Gulf Jensen that they would see the share price collapse.
Not the case,
I had this discussion with Larry last night and he said that he has spoke with most everyone who has bought shares in the last 2 months.
He said that most all the purchases made have been with people he knows well or has come to know through the promo that took the stock up to 0.60 plus back in the spring.
If you go back and look closely at the daily and weekly trades you can see for yourself how thinly traded it has been, nothing of size came out below at any price that did't get distributed well.
Nite moving up the offer and bid now,
The Chief is finally coming out of hibernation,
it's about time !
that was a steel at 0.02
more trades on the ask today,
Time to build up the bids .
Great find Wavee,
I would imagine this kind of info would really get Norman Mackenzie fired up.
Those numbers and projections are huge. The property price per acre on the Gulf Jensen must be way up from where the company had originally purchased it.
LETS GO RAINCHIEF !!!
I agree, any positive news from the company,
could easily spark a run for sure.
We post because we stay in touch,
you may want to consider doing the same.
I'm sure we are all surprised that shares continue to trickle out, not many but enough.
You obviously are putting up bids because you feel as though RainChief has a chance
and we thank you for your support.
The company and I know,
not all forms of financings fully disclose details for the public to see.
Try calling the president and asking him if its that important to you both.
You are entitled to your opinion, but again, he's not really IR for RainChief.
Looking back, RainChief's senior management would have made the decision to bring on the previous IR and promotion group which has been the direct cause of most of our recent problems and current share price. If management voted Larry in as a member to the Advisory board, they would probably have done so knowing that he had something serious to offer. Larry will no doubt have his hands full cleaning up the mess left behind, but I personally know what he is capable of and don't doubt for a minute that he has something planned for RainChief.
This has not been an easy time for the shareholders, so I say if Larry with his contacts and experience is willing to step in and lend a hand then let them, not unless you think you have something to offer that is better. Slojab, If your long in RainChief like the rest of us are, then in the future you could stand to be a little more supportive with your comments while Larry and the rest of the RainChief team attempt to turn this company around.
I'm sure their is some paperwork somewhere,
however if you really needed to know, you would have to ask him direct or go to the company.
Through my personal experience, most start up's usually have someone like Larry to financially assist the company until they get up to speed.
I recall this question being asked in the past,
Larry's role as temporary IR was also discussed on the FormCap { FRMC } board which is the other company this group has.
Larry is a trusted friend to the company's majority shareholder and other key management members.
If I'm not mistaken, I think he is still providing IR support for FRMC, but I remember him saying that he is not really here for IR purposes.
Larry mostly help's fund public companies through his company, Bravo International.
Since I've known him, his focus has always been bridge financings and PP's which I and a few of our investors have participated in.
Larry has told many of us hear that Norm Mackenzie's involvement is the reason he was attracted to these deals.
I know he has lots of skin in these 2 companies and wants to see them succeed.
hope this helps.
What IR contract ?
This is all I could find regarding Larry's on going involvement on the last press release dated August 17th.
RainChief Appoints Advisory Board Member:
The company is pleased to announce the appointment of Larry K. Davis to the Advisory Board. Mr. Davis brings over 25 year of experience to the public markets. Mr. Davis owns and operates Bravo International Services, a private VC & IR company formed in 1989. Bravo specializes in raising start-up capital and has provided corporate communications services for numerous public companies in the US and Canada. Brad Moynes, President of RainChief said, "We are very pleased to welcome Mr. Davis to Rainchief's Advisory Board. Mr Davis will provide assistance to the Company as it proceeds with its proposed work program and exploration plans for the year. Mr. Davis will strengthen our ability to meet our financial objectives and realize our strategic vision for the company's Gulf Jensen property in New Mexico."
RainChief shareholders should be back from holidays by next week,
The stock was looking a bit better this week, next stop 0.05
have a safe long weekend everybody
This company will get what it needs to prove its self,
I'm hearing that there are many things about RainChief's structure and designation ( F ) that have the right people talking with management at this time.
0.25 is a long way from 0.02 but I think it could do half that in the short term given the right kind of news.
I still see some cheap shares to be had here at this level but I don't see that lasting for much longer.
Three decades after oil bust, Permian Basin booms again...
Read more:
http://www.mysanantonio.com/news/local_news/article/Permian-Basin-Booming-Again-3781623.php#ixzz24PLjWarn
Agreed, however I see the last press release is an indication that changes are underway,
They may have screw up by hiring those promoters and were probably scammed in the process, but we have really no choice but to wait this out if we are to ever get whole again.
On a positive note, the company's filings are up to date, the oil&gas industry / Gulf Jenson property in the P Basin would still be attractive for a financing or JV, and RainChief's share price and structure are low enough for a first time investor.
The PR tells us that Norman Mackenzie is still in the picture and I hear that he is going to be more active in the company going forward.
This could be the time to start testing the market down here,
their can't be much stock left at these levels.
Some cheap shares still trickling out at these levels,
but with vacationeers returning from their holidays, this could change very quickly.
Financing for RainChief will most likely be at a hire share price then where it is now.
just a matter of time before this starts to move up again.
Mr. Davis is not a Director of RainChief....
The fact of the matter is that he is a member of the Advisory Board only !
which does not mean you are a Director,
Definition: A group of individuals who've been selected to help advise a business owner regarding any number of business issues, including marketing, sales, financing, expansion and so on; a body that advises the board of directors and management of a corporation but does not have authority to vote on corporate matters.
In speaking with Mr.Davis this morning, he say's " If you or anyone else are in doubt of his lack of support or financial commitment, then simply call into the company and ask the president, Brad Moynes for a copy of the Nobo list or DTC list where he say's he can be easily identified".
It is a well known fact that Mr. Davis has been associated to this company and its board for many years and is an investor like all of us.
If you would call him, he will tell you like he has told many here that he has invested with RainChief because of Norman Mackenzie.
Brad Moynes has just confirmed with me that Mr.Davis has never received any compensation from the company in any form.
Your question is a difficult one to ask,
how do we really know if he or any of the others associated to the company have been buying or not.
If that question is that important for you to know, then I suggest you call him up and ask him yourself.
A friendly reminder regarding insider trading...... this rule will no doubt apply now that he has been added to the Advisory board.
You may want to start by looking into the insider trading reports.
I emailed your question to Larry and he has sent back the following,
"The company is currently engaged in talks with a select group of Oil&Gas financing groups who know and understand the Permian Basin well.
Some of the biggest Oil&Gas companies in the business continue to acquire land all through this region and I am confident that we will secure a funding for the company to commence with the all the necessary work that our team requires to see us through to the new year ".
L .
If true, that would be good o'l fashion karma hard at work
I just spoke with Larry this morning and he sounded very up and positive,
I haven't heard him that way for a while. He say's that Norm is about to get
pro-active in RainChief and may be looking at a quick road trip coming up. He wouldn't say much more on that, but he did say that they're a number of shareholders that continue to email and call him regularly that are interested in averaging down or just want to buy here because they think it has bottomed out.
The timing could be perfect here at these levels if things start to fall into place,
it maybe time to take a closer look.
lets go RainChief !!!
I'd say your dead right on that one,
RainChief couldn't be better positioned then they are in the Permian Basin,
check out this PR earlier today to see what kind of success one of our neighbours are getting.
http://www.reuters.com/article/2012/08/08/idUS254207+08-Aug-2012+HUG20120808
I received an email response,
from Larry stating that his role in RainChief has shifted back towards raising capital for the company.
He say's he would prefer that the company have enough working capital to address all that's required in the next 4 to 6 months before he resumes his day to day duties as IR for RainChief.
I recall that Larry had raised funds for the company in the past and holds a substantial position along with his immediate investors group.
I know this to be true, because I'm one of them.
Norm... Agreed, although the ongoing rumoured consolidation
would change the landscape substantially and encourage a fresh round of funding from insiders and possible new investors at either pre or post consolidated prices, either way...a new deal, possible name change and company going forward,
I realize all this was to have happened a few months back but like everything else it takes longer these days than what it use to in the past.
I suspect any time now.
I spoke with Mr Davis earlier today,
He claims that he is not under contract or employed by any of the companies for IR services for the symbols you have mentioned.
2 of the 4 engagements were for marketing and branding through his news letter, StocksJournal
I then did my own research and found out for my self that he is right.
His role with FRMC & RCFEF have expired and have yet to re-announced.
Now that Norman Mackenzie has stepped down from CZE..
His schedule will no doubt allow for some quality time to focus on the opportunities like the one he has with us in the Permian Basin.
C&C Energia appoints McLeod president, CEO
2012-06-28 08:58 ET - News Release
Mr. Randy McLeod reports
C&C ENERGIA LTD. ANNOUNCES ORGANIZATIONAL CHANGES
C&C Energia Ltd. will make organizational changes respecting its senior management team and board of directors.
In announcing these changes, Carl Tricoli, chair of C&C's board of directors, observed: "The C&C management team has made great strides since going public two years ago. Our production has more than doubled, our 2P reserves have increased by more than 50 per cent, cash flow per share has increased by 65 per cent and the company has assembled approximately 500,000 net acres of undeveloped land. In addition to an estimated 2012 funds flow from operations of approximately $160-million (U.S.), we have a very strong balance sheet with a working capital balance of approximately $49-million (U.S.) as of May 31, 2012, including approximately $111-million (U.S.) in cash and a $200-million (U.S.) credit facility with a current borrowing base of $90-million (U.S.). We believe that the company is positioned well for future growth."
The following organizational changes are effective immediately:
Dr. Richard Walls is retiring from the company as president and chief executive officer. Dr. Walls assembled the senior management team that took the company public in May, 2010, and has been instrumental in overseeing the company's growth and progress since then. He will continue to remain on the C&C board of directors and maintains a large shareholding position in C&C.
Randy McLeod is appointed president and chief executive officer, and a member of the board of directors. Mr. McLeod has been the company's chief operating officer since April, 2010, and has led the Bogota team in achieving the production and reserve growth noted above.
Dr. Tomas Villamil, executive vice-president, exploration, will take on an expanded focus to source and develop growth opportunities under the direction of the chief executive officer. Dr. Villamil was one of the founders of C&C and one of the architects of the company's exploration success.
As previously disclosed on April 10, 2012, Ricardo Sarmiento has been appointed vice-president, operations. Mr. Sarmiento will lead the operations group in the Bogota office. Prior to joining C&C in April, 2012, he was the technical and development manager for the exploration and production division of Ecopetrol SA responsible for executing the development programs in Colombia.
Dr. Oscar Lopez-Gamundi is appointed vice-president, exploration, and will lead the exploration group in the Bogota office. Dr. Lopez-Gamundi has had a distinguished career for over 30 years in international oil and gas exploration, and, most recently, was the exploration manager of Central America and South America for Hess Corp.
Norman Mackenzie has retired from the board of directors having served as a director of C&C from the outset as a private company and since the completion of the company's initial public offering.
In announcing his plans, Dr. Walls indicated: "When I got involved with C&C in the latter part of 2009, I quickly determined that the company had a very solid base of opportunities, assets and people that would provide an excellent platform for taking C&C public. Over the past 2-1/2 years, my management team and I have successfully completed the transition to a professionally managed public company and have grown the company considerably. I have complete confidence that Randy McLeod and his management team can build on what we have achieved to date and grow C&C even further."
Mr. Tricoli added: "We expect that these organizational changes will solidify C&C's capabilities to capture growth opportunities in the E&P sector in Colombia. The board of directors and I are very grateful for the vision, leadership and success that Richard Walls brought to C&C. The board of directors also thanks Norman Mackenzie for his contributions to C&C as one of the founding shareholders of the company and a board member. We wish him well in his new venture in Australia."
C&C is planning to provide an update on its operations and drilling program during the week of July 9, 2012.
Conference call information
C&C will host a conference call to discuss the press release on Thursday, June 28, 2012, at 9 a.m. MT (11 a.m. ET). Media, analysts and investors wishing to participate can access it by calling 1-416-340-2217/1-866-696-5910/1-800-8989-6336, passcode: 1510120. The call will be available for replay until July 4, 2012. Individuals wishing to listen to the replay can access using 1-905-694-9451 or 1-800-408-3053, passcode: 6821237.
We seek Safe Harbor.
Most of the volume lately has been on the ask,
new eyeballs are on this stock now...just a matter of time.
Time to build up the bids and shake out some of this overhang,
comments ?
This just in...StocksJournal sends out new Audio & Analyst report, 0.50 Target...
A must listen, a must read !!!
http://www.goldmanresearch.com/
http://www.thegreenbaron.com/webcast_mp3/MVTG%20Webcast.mp3
primary reasons for accumulation of MVTG now:
• Proprietary ERC Technology and Billion Dollar Market – In November 2007, Mantra acquired the 100% outright ownership of a chemical processing technology developed by the University of British Columbia's Clean Energy Research Center, entitled the Electroreduction of Carbon Dioxide (ERC). Powered by renewable energy, ERC combines captured carbon dioxide with water to produce high value materials, including: formic acid, formate salts, oxalic acid, and methanol. The immediate market for formic acid is approximately $1 billion.
• Profitable Market Opportunities - Upon successful entry into the lucrative market of CO2 reduction, a powerful and perhaps even more profitable market will develop for its useful by-products. Sodium formate and formic acid, two of the main by-products of ERC, currently have an average market value of $1,500/ton, with more than 600,000 tons of formic acid produced annually. Their applications are diverse, including feedstock sterilization, de-icing solutions, pharmaceuticals, and tanning of leather to name a few. In addition, Mantra has identified several potential applications for formic acid that would lead to a prolific expansion in market demand including: green plastics, next generation fuel cells, and fuel additives. See this Your Tube video that discusses formic acid:
This company looks great, nice to see this kind of interest
coming in from Crown owned companies,
a steel here at these levels,
(BB: MVTG - $.10 per share)
www.MantraEnergy.com
Common Shares Outstanding: 45,123,806
Market Cap: $4.51M
52-Week High: $.12 / 52-Week Low: $.0042
Average Price: $.0805 (50-day) $.0428 (200-day)
Average Volume: 63,535 (50-day) 44,278 (200-day)
Breaking News Just Released Today After Close: Mantra Energy Alternatives and Powertech Agree to Collaborate on Carbon Capture and Recycling Process Field Trials.
Mantra Subsidiary Uses Proprietary ERC Process to Capture CO2 and Convert to Widely Used Chemicals with Markets Valued in Billions
See this link for the rest of this report,
www.stocksjournal.com
IGEN Networks Corporation Provides Update,
on Product Portfolio Company
2012-06-07 09:15 ET - News Release
WASHINGTON, DISTRICT OF COLUMBIA -- (MARKET WIRE) -- 06/07/12
IGEN Networks Corporation, ("IGEN" or "the Company") (OTCQB:IGEN), the industry leading technology accelerator, today provided an update on new developments with one of its product portfolio companies, Gogiro Internet Group ("Gogiro"). Gogiro is a leading provider of cloud-based IT services for small businesses.
IGEN is pleased to announce that Gogiro has continued its expansion of regional coverage across North America with the latest offices opening in Oklahoma City; Birmingham, Alabama; Edmonton, Alberta; and Northern British Columbia. With these four additional locations, Gogiro's distribution network now covers 22 regional markets.
In addition, Gogiro is launching its new platform for small business referred to as "Business Central". Built on a state-of-the-art cloud platform, Business Central provides small businesses with easy-to-use contact management and online billing, with full synchronization to their website, lead generating tools, and Google Apps suite of Gmail, drive/docs, calendar, and Google+ -- all from a single location. Business Central is the next generation, simple-to-use, self-provisioning IT service platform for enabling small business owners to fully manage their business and customers from both desktop and smartphone.
"We're delighted to see these developments in our product portfolio company," said Neil Chan, IGEN's Chief Executive Officer. "Gogiro correctly identified small businesses across North America, and in particular their needs for smart, affordable IT services, as a vastly underserved market. Now they have developed a new solution that makes day-to-day business easier than ever to manage. With this new platform and the continued opening of new and strategically chosen locations, Gogiro is poised for the kind of growth that we have been anticipating."
About IGEN Networks Corporation
IGEN invests capital and management expertise in technology companies in complementary business areas. IGEN drives growth and optimizes profitability for technology companies that are providing products and services in industries that are experiencing large global growth: specialized wireless broadband infrastructure, cloud-based Software-as-a-Service (SaaS), and Machine-to-Machine (M2M). With a focus on accelerating companies to the next level through a combination of capital and hands-on management, IGEN is not just an investor in companies: it is a builder.
IGEN is a fully reporting company in both Canada and the United States, where it is publicly traded on the OTC market and quoted on the OTCQB. For more information, visit www.igen-networks.com.
About Gogiro Internet Group
--
Ron W. Loudoun
Mobile: 604 365 7373
Phone: 604 569 3066
Fax: 604 569 3033
Ron7373@gmail.com
349 West Georgia Str.
PO Box 3381
Vancouver, BC, Canada
V6B 3Y4
THIS MESSAGE IS INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY TO WHICH IT IS ADDRESSED, AND MAY CONTAIN INFORMATION THAT IS PRIVILEGED, CONFIDENTIAL AND EXEMPT FROM DISCLOSURE UNDER APPLICABLE LAW AND MAY NOT BE PUBLISHED OR DISSEMINATED IN WHOLE OR IN PART. IF THE READER OF THIS MESSAGE IS NOT THE INTENDED RECIPIENT, OR THE EMPLOYEE OR AGENT RESPONSIBLE FOR DELIVERING THE MESSAGE TO THE INTENDED RECIPIENT, YOU ARE HEREBY NOTIFIED THAT ANY DISCLOSURE, COPYING, DISTRIBUTION OR THE TAKING OF ANY ACTION IN RELIANCE ON THE CONTENTS OF THIS COMMUNICATION IS STRICTLY PROHIBITED.
good point however,
as long as Norm's still a player in this deal, anything's possible,
holding on and still accumulating,
hope I'm not wrong !
A New Audio Interview with Jeff Love,
CEO of LIG Assets, Inc., is now at SmallCapVoice.com
http://smallcapvoice.com/blog/5-30-12-smallcapvoice-interview-with-lig-assets-inc-pink-sheets-liga/
my best guess is that someone needed $$$ out,
It has been a tuff market for a while now and some investors are really
beginning to feel the pinch.
NEWS: Earnings With Positive Net Income and Nearly $8 Million in Net Equity
LIG Assets, Inc. Files Q1 Earnings With Positive Net Income and Nearly $8 Million in Net Equity
Company Provides Corporate Review of Recent Developments
2012-05-30 07:08 ET - News Release
DALLAS, May 30, 2012 (GLOBE NEWSWIRE) -- LIG Assets, Inc. (OTC:LIGA) filed its Quarterly Report as of March 31, 2012 to bring its filing status to "current". See filing at: http://www.otcmarkets.com/financialReportViewer?symbol=LIGA&id=82643.
As of March 31, 2012, LIG Assets reported total assets of $24,287,429 and total liabilities of $16,350,370 for total net equity of $7,937,059. Based on reported shares issued and outstanding, book value demonstrates .105 per share. Net income for the quarter was reported to be $75,292. On April 13, 2012, LIG Assets reported full year 2011 Net Income to be $1,341,960.
CEO Jeff Love commented, "Earnings for the first quarter of the year are typically much lower than other quarters due to property taxes that are due on most of our properties. We also do not realize near as much turnover and sales during this time of the year as we do during the balance of the year." He added, "We expect to see much stronger numbers in the current quarter and for the foreseeable future with additional contributions from SuiteMagic and other divisions. All total, it should result in much higher net income in 2012 than in 2011."
The Company continues to believe that the real estate markets in and near most medium and large cities in Texas are great places to invest. A recent NAIOP Research Foundation Study revealed that Texas ranked #1 in commercial real estate development in 2011. Texas also led the nation in private sector job growth in the past decade. Job creation in Texas seems to be driven by a number of factors including a robust energy industry, an increasingly diversified economy, and an affordable cost of living.
Recent operational and development highlights:
The Company maintains strong expectations for SuiteMagic as it delivered a credit facility to lease equipment for the subsidiary. SuiteMagic is a technology entertainment services company providing internet-based TV and Cable programming, interactive game content, and goods and services. The product provides hotel guests with an all-encompassing in-room experience while allowing hoteliers to monetize the rapidly growing consumer trend towards a truly Internet-integrated TV experience.
LIG Assets retained approximately 45% of SuiteMagic following a stock dividend paid to shareholders of record April 30, 2012. Globex Transfer, LLC of Deltona, FL was retained as Stock Transfer Agent, and SuiteMagic is expected to go public through an S-1 filing later this year.
Although the primary focus of LIG Assets is in real estate transactions and income producing properties, the Company has a variety of other business interests evidenced by its recent stock dividend paid in SuiteMagic. LIG Assets has identified at least two other divisions it would prefer to spin off, operate separately, and issue stock as dividends to its shareholders in LIGA over the next 12 to 18 months.
An LOI was signed to acquire First Run Multimedia Corporation for cash. The acquisition is expected to provide revenue to SuiteMagic from its existing customers than include over 3000 hotel rooms.
April 27, 2012, Goldman Small Cap Research, a stock market research firm at www.GoldmanResearch.com focused on the small cap and micro cap sectors, initiated research coverage of LIG Assets, Inc. (OTCPK: LIGA). An updated report on May 29, 2012 was issued confirming the forecasts.
On April 26, 2012, the Company retained Bravo International Services to provide Investor Relations Services.
About LIG Assets, Inc.
LIG Assets, Inc., based in Dallas, TX, is a multi-faceted worldwide investment company that focuses on real estate, technology, and other sectors of the economy. We are a proactive company that is committed to providing opportunities in all structures of the economy and are always welcoming new opportunities. LIG Assets, Inc. trades on the pink sheets under the ticker symbol "LIGA". For additional information, please visit LIG Assets corporate website: www.ligassetsinc.net.
Forward-Looking Statements
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file with the U.S. Securities and Exchange Commission (SEC).
Contact Information:
LIG Assets, Inc.
(214) 760-1000
Investor Relations Contact:
Bravo International Services
Larry K. Davis (250) 595-7714
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