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Forever Board is garbage and it would have never made it into a DR Horton house...Research how it reacts with humidity, like next to a water heater or in a bathroom, etc. At the time, it was a good deal for 51% ownership for $50k (if I remember right). No follow through and now it is a nothing-burger.
I have to give it LIGA. I though for sure they would be a defunct Pink by now but they keep chugging along..heck, we are almost back to the RS price.
I don't want to get my hopes up because BGTV is leaving soon and with it goes the revenue.
NFT's = WTF
We are now a Pet Rock company.
Go back and review the financials but I know for sure it went to:
Pay off loans
Buy the dry wall company
Loan to SMEV
Salaries
A small amount went to buying back shares
Conferences
Web hosting that is garbage
Cash for trash.
CEO left last year and the Stargazer has lost 80% of it share value in the time:
https://www.einnews.com/pr_news/560940649/stargaze-entertainment-group-stgz-ceo-resigns-and-enters-into-an-agreement-to-recoup-the-assets-that-he-had-brought
BGTV is the only source of revenue for LIGAd. The BGTV revenue was supposed to be replaced by dry wall but LIGAd shut down operations 3 months after acquiring said dry wall manufacturer.
Then please tell me where the revenue is going to come from when BGTV and the assets they acquire (Buck Lake Ranch + land) disappear?
Spinoffs are a great way to create two companies. One that will be debt free with capital and one that gets strapped with the garbage.
Since it is the OTC, my bet is LIGA share holders won't get shares of BGTV.
From a previous earnings report:
BGTV DIRECT & BUCK LAKE RANCH
The current plan is to return 80.1% to 90.1% of BGTV Direct into a new publicly traded entity (see note
14) and retain BGTV stock on the LIG Assets balance sheet. However, a merger with a much larger
company may negate the need to retain BGTV stock unless used as an incentive to close a deal.
BGTV Direct currently owns 50.01% of Buck Lake Ranch. This is expected to reach about 80%
ownership once BGTV Direct is spun out. LIG Assets has advanced $410,000 to BGTV for land and
other asset purchases at Buck Lake Ranch. Multi-level liquor licenses were obtained as well as a
Marathon gas station at the corner of US HWY 20 and I-69. It is within one mile of Buck Lake Ranch.
Mr. Baker has already received a $6.2 million offer to purchase Buck Lake Ranch. A campground similar
in size to the proposed fully developed Buck Lake Ranch sold for over $30 million. BGTV has advanced
over $1mm Buck Lake Ranch and portion of this will be converted equity in order to get BGTV
ownership to 79.9%. Successful development would add value to the BGTV stock retained on the LIG
Assets balance sheet. The entity also has a casino license, and resides in an IRS ‘opportunity zone’.
All time lows and reverse splits go hand in hand
Marvin told me at the 2018 conference that LIGA would never R/S.
This will R/S around $.03 and tumble back below a penny before the end of the summer.
I would rather have been an HWAL investor than LIGA. They 4x while we popped 20%. Their insiders must love the free money they are getting with LIGA.
The good news is I can go to their website and listen to Frank Sinatra and Patsy Cline anytime I want.
I have 14 mil...trading cash for trash is no longer an option.
How many share do you own that you actually bought?
A company that no one has heard of merges with a company that no one has heard of.
And I missed LIGA's successful history in "direct marketing, sales, music, TV, film production, and syndication." LIGA is successful at ONE thing and that is selling one piece of land and buying a dry wall manufacturer only to shut it down.
"Roxanna Green, President of Hollywall Entertainment, Inc., shared her enthusiasm for the multitude of opportunities arising from this strategic alliance, which will greatly benefit the interests of all shareholders in the near term. She highlighted LIGA's successful track record in direct marketing, sales, music, TV, film production, and syndication"
They figured out how to loan SMEV a few hundred thousand and as soon as LIGA tanks back to a shell, the loan will be forgiven. Just my opinion.
I just LOL'ed when I looked at the chart and the volume. Someone had $1.75 that was burning their pockets
Pleasure trip disguised as a business trip.
Someone within the company is wanting the SP to be above $.001. Only $10k in volume has traded so don't be fooled.
Foreverboard is a garbage product and I knew it when this thing was running last year.
But I do find it a little lol that LIGA bought a company with revenues and took it to $0 in the matter of 2 months. It is their business model.
$LIGA and Marvin are so full of it. I still think this thing dies by April. The money is running out and is being siphoned.
Hitting 52 week lows one year after hitting 52 weeks highs.
LIGA will be an inactive shell in a few months after the $$$ have been siphoned out.
LIGA will probably be at $.03 to .035 initially and then the sellers will bring it down. RS are a way for the mega share holders to run out the door.
Bag holders, there is a new tweet:
$LIGA's board of directors have agreed to reduce the size of the board to help expedite any deals after restructuring is complete.
We are still waiting on FINRA to sign off on our $LIGA restructure. There are no objections, just taking longer than expected.
--------------------------
Everything for LIGA takes longer than expected until it just disappears.
LIGA bought a business that had day to day operations and shut it down.
The lights are almost off.
We are bag holders for a CEO-less company that has 2 upcoming catalysts:
1. The spin off of the companies revenue source as well as 80% owner of the land on the books
2. 50:1 RS that might be 100:1 the way the stock is going
Are you expecting a rally?
LIGA Revenues = $0 (YTD and quarter)
They have not earned a penny from ForeverBoard this year. Which tells me not one panel of sheet rock has been sold this quarter..not by the original owner or LIGA.
Marvin can start as many companies as he wants but the LIGA failure will follow him.
I sold all of my shares at a big loss today. The silver is still there but management is horrible. They dilute the shareholders every year and they are going to dilute again if they are down more than 6 months.all during a stagflation period.
GL
It did not make sense to have a CEO with a f/t job in North Carolina to be the CEO of a company that has only one manufacturing plant in CA.
But with that being said, if LIGA doesn't appoint a CEO shortly, we go back to being a shell. Part of me thinks they will spin off BGTV shortly and LIGA will fade or get reverse mergered into SMEV. But what do I know? I was dumb enough to buy in 2017 and hold.
Luckily, I speak sarcasm.
They will probably discover oil and gold on Buck Lake Ranch and BGTV stock holders will be rich.
I remember seeing that SMEV's shell purchase and expenses were on LIGA's books in the annual report for 2021. I am also pretty sure the IT Support expenses for SMEV are on LIGA's books but I cannot prove it. And another note: I cannot find the salary wages line that was $478K.
It would be illegal to just give the money to SMEV but I bet LIGA did it as an interest free loan which probably will be repaid as a lump sum whenever or never. If we were not a pink sheet, SMEV would be a company within LIGA's umbrella and would need to spun off to be independent. We would all get shares.
Either way LIGA is dead money. The RE market is in a recession and will be reliving the early 80's depression shortly. No way dry wall that costs twice as much will find a market. Once BGTV spins off, turn off the lights. Salaries will eat of the rest of the $$$.
Look at the updates for SMEV (share reduction) which is using LIGA capital for its ventures. We are back to being shell pink.
They would be able to write off/credit against BGTV's profits. But you are right, LIGA/ForeverBoard has not made a dime this year. I am not sure how they will turn a profit or sign PO's when the manufacturing is in California and the CEO lives in NC.
It looks like good news. At the very least, it was a test run. Production needs to begin again or there are several issues that LIGA may not be able to control.
FYI - CEO Ron Voit is in the first photo for those that are curious.
New Tweet - Looks like production is back up based on pictures?
"Team $LIGA in California at Foreverboard plant yesterday & today. Working on deploying our time, energy and capital to expand $LIGA's vision of providing the world with truly sustainable products."
Team $LIGA in California at Foreverboard plant yesterday & today. Working on deploying our time, energy and capital to expand $LIGA's vision of providing the world with truly sustainable products. pic.twitter.com/uYtigUS18u
— LIGA (@LIGAssets) April 22, 2022
I laughed at the tweet when I saw it this morning. They do not have a booth. There just there as potential consumers. I guess it better than nothing.
Some of it was used for SMEV.
Annual Report notes:
*Share holders on record is still 186. That number has not changed in 2 years and should be higher after the November runup.
*BGTV will be spun off this year. This will cause the share price to decline, IMO. I doubt we get shares in BGTV when the spinoff occurs and that is $1.1 in revenues that will be gone. Buck Lake goes to BGTV.
*Dan Martin received 3 million shares at a price of $.02. Current unrealized value = $7500. This could have been on a previous ER that I missed.
*The SMEV shell purchase and expenses are on LIGA's books.
*Still lists 'Panama City Beach Model home for future sales.'
*No new insider purchases were made by management.
*Dakota is still not a share holder listed on record.
*She will assume Martin's responsibilities after BGTV spinoff. Reading between the lines, with no other staff, she will serve as the CEO, the sales staff, etc. She has another FT job. I wonder if LIGA assume the FB staff and continues to pay Ron Voit?
*Note: CEO Dakota Forgione has been working closely with ForeverBoard Owner Ron Voit to develop new long term purchase orders. Upon completion of compliance testing, they expect to announce the first contract and begin ramping up production at the ForeverBoard plant.
*I am not going to comb through all of the financials. I did notice that salary/wages is now ($478,036)
*Net Profit was $3,715,043; Total revenues $8,731,253
*Cash At End of Period $ 623,163 ; ending cash was $554K
*As noted in a previous post, we are not finding out that the plant is 'Resuming production.' Also note: "The product had a very slight reformulation which is
proceeding through compliance testing." This is not an easy process but was noted as easy in the ER.
*HWS, Panama Beach House, and Asian carp = relics of the past
*Catalyst: Closing final investment in ForeverBoard California (Target April 2022).
*Catalyst: BGTV spinoff in '22
The stock price nor the volume moved because of the Annual report. I am not surprised.
New LIGA tweet:
On track to get $LIGA annual report filed on time. The report will better define our corporate strategy moving forward and why we feel Foreverboard is a great opportunity for our shareholders.
— LIGA (@LIGAssets) March 29, 2022
I am really worried about the impact of the spinoff.
1. I bet we do not get shares of the spinoff.
2. If BGTV is spin off'ed, it will drop the LIGA share price and we crater until the revenue is replaced.
I keep thinking LIGA will get merged into SMEV if the share price move. Wishful thinking on my part.
Someone has $2500 burning their pockets.
It will see the sub $.002 again unless the next earnings report has solid evidence of revenue.
My guess is, the next report/news will contain potential statements which LIGA has done for 5 years. If so, LIGA will stay in this range and the shareholders will wait months for the next updates.