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Good thing your name is longinvest
Is this opposite day?
Hi Fun,
Can you explain what this could mean for ROX on close of the 23rd? I am new to the Russell works.
Some pretty massive bid and asks piling up.
I can't quite understand what this means. Can someone shed some light and maybe give some past times a company has issued this statement?
Looks like we hit a new 52 week high!
So far 1,262,508 / 8,250,000 are gone.
Why are you not buying mine then? I still have 6.9 million shares waiting to go at .0005.
Don't buy into hype on a message board would be a good start.
How many shares do you hold?
SEC FILING ABANDONING REVERSE SPLIT
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-1004
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
November 26, 2010
Date of Report (Date of Earliest Event Reported)
LEFT BEHIND GAMES INC.
(Exact name of registrant as specified in its charter)
WASHINGTON
000-50603
91-0745418
(State or other jurisdiction
of incorporation)
(Commission File Number)
(I.R.S. Employer
Identification No.)
25060 HANCOCK AVENUE, SUITE 103 BOX 110, MURRIETA, CA
92562
(Address of principal executive offices)
(Zip code)
(951) 894-6597
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
. Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
. Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
. Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
. Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On November 23, 2010, Left Behind Games, Inc., a Washington corporation (the “Company”), filed a Preliminary Information Statement on Schedule 14C with the U.S. Securities and Exchange Commission therein notifying its stockholders that the majority of stockholders signed a written consent on November 23, 2010 at the Company’s offices, to vote on the following proposal:
1.
To reincorporate (the “Reincorporation”) the Company from the state of Washington to the state of Nevada under the same name while effecting a 3-for-5 reverse stock split of the Company’s issued and outstanding shares of Common Stock as of January 11, 2011 (the “Reverse Split”).
ABANDONMENT OF REVERSE STOCK SPLIT – REVISED PROPOSAL
On November 26, 2010, the Board of Directors and majority stockholders voted to abandon the Reverse Split. They did, however, confirm their vote to reincorporate the Company in the state of Nevada as soon as possible under the Securities Exchange Act of 1934, as amended. The Company established a new record date, November 29, 2010 and intends to file an amended Schedule 14C on November 29, 2010 or as soon as practicable thereafter.
EFFECTIVE DATE OF THE REINCOPORAITON
Pursuant to Rule 14c-2 under the Securities Exchange Act of 1934, as amended, the Reincorporation shall not occur until a date at least twenty (20) days after the date on which a Definitive Information Statement has been mailed to the stockholders which is scheduled to commence on December 9, 2010. The Company anticipates that the actions contemplated hereby will be effected on or about the close of business on December 29, 2010.
Item 7.01 Regulation FD Disclosure.
On November 26, 2010, the Company issued the News Release attached hereto as Exhibit 99.1.
Limitation on Incorporation by Reference
In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits
Exhibit No.:
Description:
99.1
News Release issued November 26, 2010
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
LEFT BEHIND GAMES, INC .
DATE: November 29, 2010
By:
/s/ TROY A. LYNDON
Name:
Troy A. Lyndon
Title:
Chief Executive Officer, Chief Financial Officer and Chairman of the Board
LETTER FROM TROY ON DISAPPOINTMENT WITH TRADING AFTER ANNOUNCEMENT
Dear Investors and Interested Parties,
I am responding to today’s reaction from the market with disappointment as are all of us. However, I am hopeful. I believe whole-heartedly, and our Board of Directors agrees, that today’s decision was the right and best long-term decision for our company and its shareholders.
Our split was incomparable to massive reverse-splits where companies try to maintain their listing requirements with a 1 for 100 or larger reverse-split, which results in a 10,000% or greater reduction in investor shares. Whereas in our case, our 3 for 5 reverse (5 shares for 3 shares) is an incredibly more mild reduction of only 40%, which isn’t even significant enough to bring us back to pre-forward-split levels of a year ago, which is precisely what I spoke about on the webinar and in my recent shareholder letter.
It seems that the market wants us to stay a penny-stock forever. I believe now is the time for us to put our stake in the sand and refuse.
Today’s result lowered our market-cap by about 70% (post-split). If people really are investing on fundamentals for the long-term, wouldn’t a lower-price of a good company be a good thing? From my point of view, either people responded to fear and made a bad decision to sell on emotion or they chose to sell because they were never interested in a long position in the first place.
I would encourage you and all investors to stay focused on our improving fundamentals and your normal investment criteria. As a result of today’s selloff, the current price is 70% better for anyone who believes in our future.
I do feel badly regarding how the market swings. I feel the pain some of our investors have shared with me about their losses, as well as our employees are hold shares. What a tragedy! But you should know that approximately 75% of all trading in the past 3 days has either been short-selling or short-covering. I have a spreadsheet to prove it for anyone that wants to see. So, it’s important to understand this so that you can properly realize that half of today’s retail trading (1/2 of 25%) represents only about $110,000 in trading activity. Should that much trading change our market-cap by a factor of $15 million dollars or more?
I’ll make you all this promise. If we don’t produce stellar results for the quarter ending December 31, 2010, I promise to reduce my common stock ownership by 50,000,000 shares, just as I did for the 100,000,000 common shares I put back into the company treasuring on August 27, 2010. To see that filing, go to: http://www.sec.gov/Archives/edgar/data/13055/000107878210002059/xslF345X03/primary_doc.xml
This commitment to our shareholders represents 100% of my stock compensation for more than 2 years and I am not currently receiving a salary. In fact, if we don’t post the stellar results, I’ll even trade-in all my Series D shares for a performance based stock compensation plan. I believe more passionately in our company than ever and refuse to allow those who wish to spread fear steal from those who have put their trust in me. Our future looks very bright financially speaking, even if you ignore the impact we will make to this lost generation through our life-changing games.
Sincerely,
Troy Lyndon / CEO / Left Behind Games Inc.
Left Behind Games Acquires Assets of Cloud 9 Games
and Signs President Curtis Ratica to Three-Year Deal
Press Release Source: Left Behind Games Inc. On Monday October 25, 2010, 9:55 am EDT
LOS ANGELES--(BUSINESS WIRE)-- Left Behind Games Inc . LFBG.ob - News ), dba LB Games®, the leading publisher of exclusively Christian video games, announced today that it has acquired the assets of Cloud 9 Games ™ , a company viewed as the second most successful Christian video games publisher.
Cloud 9 Games President, Curtis Ratica, a sixteen year video game industry veteran says, “ I ’ m delighted to be officially working with LB Games for the next three years. LB Games is a first-class organization. Working with the company during the past six months to develop Praise Champion and King Solomon’s Trivia Challenge resulted in remarkable synergy. I believe this is just the beginning of a new chapter in the future of Christian video games.”
Cloud 9 Games’ products are currently distributed by EMI, a multi-billion dollar media organization which is the largest distributor of Christian music in the world. Cloud 9 Games can be purchased through many Christian retailers such as Family Christian Stores, Parable, Berean, Mardel, Lifeway and many more. To learn more, go to: www.cloud9games.com .
LB Games® CEO, Troy Lyndon says, “We are hopeful to leverage Curtis’ Xbox and other console development experiences soon. Meanwhile, we are pleased to own and publish his newest PC titles, Praise Champion and King Solomon’s Trivia Challenge, which we will present to Walmart later this week during our national line review.”
About Left Behind Games Inc.
Left Behind Games Inc., dba LB Games®, dba Inspired Media Entertainment ™ , is publicly-traded and a leading pioneer in the new genre of Christian video game software. For more information, go to www.leftbehindgames.com .
LB GAMES is a registered trademark and Inspired Media Entertainment is a trademark of Left Behind Games Inc. in the U.S. and other countries. All rights reserved. LEFT BEHIND is a registered trademark of Tyndale House Publishers, Inc. in the U.S. and other countries. All rights reserved.
Caution Concerning Forward-Looking Statements
This release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or expectations of Left Behind Games. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that results may differ materially from such statements.
Contact:
Left Behind Games Inc.
MEDIA CONTACT:
Angela Dalmas
(916) 990-3447 direct
That is a good thing.
Left Behind Games Inc. – CEO Update
Dear Shareholders,
I have received many concerns from our investors asking if the company has any intention of doing a reverse-split. I can assure our shareholders and any new potential shareholders, the company has no intention of doing a reverse-split.
As you will notice from our last shareholder letter, we are in the process of closing a merger with the largest privately held Christian video game company, while simultaneously perfecting our new church marketing financial model which is anticipated to provide long-term steady revenue, cash-flow and profits.
One of the most widely quoted analysts is Michael Patcher, Research Analyst at Wedbush Securities who stated, "I think that the Christian video game market is a significant market currently underserved by traditional publishers. This merger will allow Left Behind Games to be well positioned to serve the millions of people of faith that enjoy Christian entertainment."
We see a bright future. It is currently our strategy to begin a stock buy-back program as soon as practical.
Very kindly,
/s/ Troy Lyndon
Troy Lyndon
Chairman & Chief Executive Officer
Left Behind Games Inc.
dba Inspired Media Entertainment
troy@inspiredmedia.com
I've been in since Oct. 29th..... my order didn't fill today though.
What the hell is causing this?
I hope it does. Then goes up lol
Got an order in for tomorrow of 850k shares at .003
http://www.google.com/search?sourceid=chrome&ie=UTF-8&q=lfbg+Philosophical+Views
First link has the entire letter copied and pasted. Second link redirects to FAQ for Investors.
From a Letter to Shareholders:
Philosophical Views
Reverse-Splits and Forward-Splits
I believe that companies that reverse-split a stock, without institutional support, are putting the first of many nails in their own coffin. Statistics support this view. Instead, we chose a forward-split last month because statistics show they increase liquidity and in most cases, do not negatively impact market valuation. We will, one day, eventually do a reverse-split and become a $5.00 stock again…probably moving up onto a national exchange. But that is highly unlikely, until we gain substantial fundamental support for our market-cap or attain solid institutional support.
She is moving now.
New 8-k Out
Left Behind Games Inc. – CEO Update
Dear Shareholders,
Today, big changes are happening for Left Behind Games. The merger agreement we have executed, as described in today’s 14F-1 filing, is far more interesting than our quarterly results for the quarter ending December 31, 2009. However, there are three notable points to make about the financials we filed today as follows:
1)
It is important to note that overall, our balance sheet has improved by a factor of more than $600,000 dollars in a single quarter; although this is not due to revenue and sales, it continues to position our company in a better financial position in preparation for our anticipated merger with a company that has generated approximately $4.89 million dollars selling Christian video games over the past two years. The merger expands our management team to include three experienced executives, Thomas Bean, Peter Fokos and William Bean;
2)
The loss we show this quarter is primarily a result of a one-time stock issuance to me from our board of directors; and therefore, not indicative of ongoing expenses.
3)
The sales we did do in this quarter were the result primarily of three of our products in only 100 Walmart stores and another in all Target stores. It’s important to understand the traction we are receiving from retail is only beginning; and we anticipate more substantial and regular orders to grow in 2010 as our rep firm meets with buyers where virtually all games are available nationwide.
If you are an investor and desire to understand our financial statement in better detail, please direct questions to me at the email below and I’ll do my best to respond accordingly. Please be understanding that it may take me a few days to get back with you.
Very kindly,
Troy Lyndon
Chief Executive Officer
Left Behind Games Inc.
dba Inspired Media Entertainment
troy@inspiredmedia.com
Unfortunately, the stock doesn't react to what you think. If the ads have been successful we should have heard about it already from the company. We haven't.
This stock has fallen from .015 to .003 in just about a month. What a waste of time holding this.
You shouldn't be in the stock market if you think calling wal-mart to get your stocks products in it is actually going to work.....
When is the latest they can file the 10-q without being late?
560,000 @ .0026
My bulbs came in today. Only thing I wish is for them to come out with a smaller version. Other than that so far so good.
Doesn't really mean a whole lot in my experience but it'd be really nice to open at .019 tomorrow haha.
Ordered two total was 47 dollars.
Order number is ION-333518826
Ordered at 11:27AM CST
Wonderful insight.
Already own 560000 at .0026
I feel a dump coming....
If they would only reduce the O/S we could all have a really happy new year.....
No, but I hope I am wrong.
In for over a million shares between my regular trading account and IRA. Really loving where this looks to be headed. Good luck to everyone here!
We close at .0002 with less than half a billion shares traded. More than 1 billion and half the time we don't have a bid. That's hilarious.
While we are wishing I hope Dean issues a PR that puts this stock over a dollar.....
Haven't gotten mine either.