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This board is refecting how this stock has been performing! So much should be going on and we should be having so much more volume, but it's been more then a dead weight. I don't even know what to do with it anymore. There was a time I was in and then pulled out to make some money in some other stocks. I'm worried cause i feel like i can wait another six months before anything substancial is gonna happen with this stupid company. Maybe one day but with the way they have preformed, i don't think it's gonna be anytime soon.
-Mash
My feeling on this compnay are that most of the shares in the float have been bought already. Every once in a while someone is gets feed up and decides to sell and that is what has caused this slow decline in price. What i'm afraid of is that this company is not gonna do anything to bring new interest to the company and if that doean't happen, we're gonna see nothing but decreasing prices. That's not good. We need some new interst and some $$$ to get this company moving in a good solid upward direction.
-Mash
Weird activity. Brought a nice jump to my portolio which has looked like crap lately but why? Did someone talk to Sam? Was that major MM manipulation? If so, what do they know that we don't? Just a bunch of questions that are running through my head.
-Mash
My question is if we're getting all of these ads on our website, shouldn't our adds be on some of their websites. Maybe the add campaign has already started. Just because it hasn't come out on the internet yet doesn't mean that it hasn't already begun.
What seriously is this company trying to do for it's shareholders. I sat back for the past 6 months and watched you folks try and convince yourselves that this would be the next big thing. That from this stock you would see a QBID, CMKX, or GXXL type play. If penny stocks are like gambling your money away to some, then these subpennies, esp. this one would be close to selling your soul to the devil. I hope that everyone who is in this company is in it for the right reasons and not for the fact that someone thought it would be the next best thing. Personally, if this company doesn't do something, i would for most, expecially newbies recommend that it's time to move on. There are other things out there. Better things. What scares me the most about this company is that it reminds me quite a bit of LSTA, which now three R/S's later is still dropping in price. Take care folks. Best of luck to you all.
-Potatoes
p.s. don't worry i never did a postion in this company. Didn't feel like a smart idea or a wise investment by any standards
This is a little but old. Has already been mentioned by others on the ragingbull website a long time ago but figured since many people who are new to this company and/or board may not know about it and enjoy it for some additional DD. Notice this is from 2003 to say the least this company is worth so much more than that time period.
-Potatoes
Micro Labs (Symbol: MLAR)
Micro Laboratories operates to produce, market and distribute a line of oral Spray vitamins, trade name "Micro SprayT". Micro intends to produce, market and distribute an additional product line of, minerals, herbs and other oral absorption products in the United States and the international market. Therefore, Micro's financial viability will depend almost exclusively on Micro's ability to generate revenues from its operation, and the production of the above product lines. Micro will not have the benefit of reducing its financial risks by relying on revenues derived from other operations.
Micro currently has six different nutritional health products. All natural ingredients are used in each product. The price of the products ranges from retail pricing of approximately $7.00 to $40.00 and wholesale prices of $5.00 to $20.00. Micro's products are: Adult Multiple Vitamin, Children's Multiple Vitamin, Vitamin B-12, Adult B-Complex with C, Children's B-Complex with C, Zinc plus Vitamin C. Micro SprayT Delivery System.
Micro has developed "Micro SprayT", a delivery system in the form of a spray that is sprayed directly onto the mouth in the form of a fine mist. Micro SprayT enters the delicate tissue of the mouth and is absorbed into the bloodstream and assimilated throughout the body. Micro SprayT consists of vitamins and nutrients in an aqueous solution that is delivered through a non- aerosol pump. In-house studies have determines that Micro SprayT, derived from vegetable sources, increases the quantity of nutrients that enter into the bloodstream, provides proper nutrient levels and increases the rate at which a nutrient is absorbed.
The metabolism of Nutrients consists of four important steps: digestion, assimilation, utilization and excretion. Digestion takes place in either the stomach where the fluids are acidic, or the small intestines where the fluids are alkaline. The proper balance of acid levels in these vital organs is crucial to the digestion process, yet as people age, increasingly less of these fluids are produced and as a result, the level of nutrient absorption is decreased.
NBC's Today Show reported that when a variety of name brand vitamins were tested, 36% of the vitamin pills failed to disintegrate quickly enough to be absorbed into the bloodstream. In order to combat this problem, tablet manufacturers often attach a catalyst (chelator) to the minerals that will aid in the digestion process, however, normally up to 80% of the tablet can become chelator and only 20% of the content is actually pure mineral. In addition, minerals are typically unstable and easily destroyed in the digestive tract and the acid in the stomach can actually deactivate enzymes before they reach the site of optimal activity. To counter this difficulty, manufacturers enteric-coat pancreatic and other similar acid sensitive ingredients to prevent destruction in the stomach. The coating must be resistant to acid in the stomach, yet dissolve in the alkaline environment of the small intestine. As individuals vary greatly in the levels of acid in their stomachs and the alkaline levels of their small intestines, if coatings are improperly balanced or designed in a generic environment, the supplement will be wasted.
Assimilation takes place primarily in the small intestines where adverse effects can result from a multitude of factors. Some nutrients react to one another and compete for absorption. Some even require that your body secretes special proteins as carriers before being absorbed, while others are best absorbed when fat and oils are induced into the body's diet as a carrier. The result of assimilation complications is known to cause, among other ailments, unpleasant side effects such as nausea and gastrointestinal discomfort. In addition, digestive organs such as the liver, kidneys and stomach are taxed unnecessarily, as the nutrients do not always break down and might not offer the body any nutritional value. Micro will package its product line. Most packaging will be done in house; independent packaging companies will do some across the nation. Micro supplies the packaging Corporation with the finished product in measured-premixed form, so that the packaging corporation can insert a measured amount into the vials. The vials are filled, labeled and packaged for distribution. Micro will offer variations of their product for private label.
For the year ended March 31, 2004, Micro had operating expenses of $65,919 and had a net loss of $43,993. These operating expenses consisted of advertising expense of $10, professional fees of $18,936, depreciation expense of $9,997, office expenses of $5,556, rent paid to related party of $7,200, telephone expense of $7,356 and other expenses of $16,864.
For the year ended March 31, 2003, Micro had operating expenses of $74,884 and had a net loss of $65,592 resulting in a loss per common share. These operating expenses consisted of advertising expense of $7,475, professional fees of $21,450, depreciation expense of $7,524, office expenses of $5,882, rent paid to related party of $7,200, telephone expense of $7,471 and other expenses of $17,882.
MLAR announced the appointment of Todd Davis as interim Chief Executive Officer and new member of the Board of Directors. Mr. Todd Davis brings a vast experience and knowledge in investment banking, distribution, sales and marketing to the company. Micro Laboratories lacked marketing capability and financial resources, but shows very strong in technology and product development. Mr. Davis helps to fill the gap and allow Micro Laboratories, Inc. to achieve growth and success. They continue to retain the Chief Scientific Officer, in charge of product and technology development. Todd Davis feels it a rare opportunity to join a company with the product line is fully developed, the technology superior to the competitors, and a product with benefits for nearly every consumer.
Sublingual delivery through the line of MicroSpray(R) vitamins, minerals and nutritional supplements produced by Micro Laboratories, Inc., offers maximum absorption, ease of use, a pleasant taste, and is the most convenient, effective and efficient method of administering vitamins and nutrients. Additionally, the product shows mass appeal to key markets worldwide: children, seniors, nutritionally deficient, gastro-intestinally challenged, and the mainstream population who need and desire a better way to take their vitamins. We see the stock moving up to $1.00 short term and then on to $5.00 per share in several years. The company looks to show positive earnings in the next twelve months.
Todd David, CEO
Micro Laboratories, Inc. (OTC: MLAR)
29 Lakeside Dr., PO Box 19296
Johnston, RI 02919-0296
Phone: 401-949-3562
Toddski17@yahoo.com
http://www.wfnn.info
Year 2004 2003 Growth
Rate 5.00%
Working
Capital -0.73 -0.73 Report
Price $0.09
Total Assets 0.02 0.02 Current
Price $0.09
Retained
Earnings -0.39 -0.39 Projected
Price $1.00
EBIT (Earnings
Before
Interest and
Taxes) -0.05 -0.05 Projected
EPS $0.01
Shareholder
Equity -0.73 -0.73 PE
(Price Earnings Ratio) -9.00
(Projected: 100.00)
Total Debt 0.73 0.73 Credit Score -0.5000
Sales 0.02 0.02
Shares 50.00 50.00
EPS (Earnings
Per Share) -0.01 0.01
Analyst : Dr. Joseph de Beauchamp
All financial numbers have been restated according to United States accounting standards and appear in millions of USA dollars. Data is updated daily at market close.
© 2003 World Financial News Network. All rights reserved.
I'm trying to convince myself that this drop to .08 this morning. I really don't think i'm too worried that much inside. I mean we are all confident in what Sam is doing. We actually do start drilling what is it, the end of this month, early next month. that means $$$$. We've looked at these latest P.R.'s and have seen nothing but progress. I'm waiting to get out of school here for the summer, go home and work some, so i can start buying some more and more share. Hopefully, when it is time to reversese it doesn't go up over .50. Even still i'd continue to buy.
-Mash
I Like Goal Nasdaq by 2005. that means...what was it? At least 3 dollars? Great Stuff on the way. Just hold. Otto knows what he's doing.
-Potatoes
Any people still looking at ISME. Are most longs or have they already bailed?
EZ,
What are your feeling on ISME. I know that before you were pretty keen on them but it seems that as of late they have well gone in a major slump. I guess what i'm asking is have you given up on them or are you still holding for a better day lets say. This could also go to anyone else who would care to comment. Thanx.
-Mash
How are people viewing this latest filing? Is it gonna cause a delay with plans that are already in the works or is it gonna be a way to further this process along? Any opinions?
-Mash
Whatever it is it's something good for all of us who have complete faith in this company and what it will do for all of us
-Mash
Thanks. Absolutly helpful. I'd say you should, if you have time, post that on the newbie board because i'm sure i'm not the only person who could benefit from that info. thanks again.
-Mash
Ok i admit, i'm not that good on charting. For those of us who are still considered novice, what does this MACD and williams you speak about mean?
-Mash
How bout we just trade the entire ourside O/S today. That'd be sweet.
-Mashed Potatoes
I'm speachless. Didn't expect this to happen. Still long of course, but maybe a PR just for some reassurance would be nice for Sam.
-Mash Potatoes
It's so nice to finally see this news. How long have we all been waiting for it. I mean me personally, i've been in since septembet. It was totally worth the wait and we all know that its not even the true beginning yet. 60 -90 days until oil starts to flow.
-Mash
Try that one again. LSTA to LSTE to LSVG and now JPHC....but i still agree, quite a POS
-Mash
There was a time when the drop in this price would have pissed me off and I may have started to worry. Now i just sit back and smile. The MM's make me smile because they're trying to make this stock appear so unattractive. Many women have to told me i have very strong hands and im using those hands to hold on very tightly to my shares. I love this ish.
Saw that too but you beat me to posting it. Just sitting here like a giddy little school girl. There are going to be so many SPRLians very very very soon. Me included. Can't wait.
p.s for the record i can't spell worth crap, and i'm to lazy to use spell check so oh well. Whatever, i hope you get the point.
Well lets put it this way. If you want to sell, just tell me when and at what price and i would love to pick up your shares. Since when have we ever seen a stock do exactly what we want just as soon as we want it to. IT likes a relationship. You have your ups and downs. Say you go on a blind date a meet your dream girl. Your not gonna get in her pants on the first night (unless she's increadible easy). No you have to BE PATIEMT. Work on it. If your like me you can get her by date number two. (Have no idea how this has any relivance to stocks but i hope you or someone else can gather some sort of moral from this story).
-Mash potatoes going long here
That's about all i can say for this one as well. Wow indeed. Can you imagine what will happen when news hits. the sky is the limit.
NEWs...looks like we'll be waiting a bit longer.
Press Release Source: Strat Petroleum, Ltd.
Strat Petroleum Announces Reverse Stock Split
Tuesday November 30, 3:58 pm ET
TORONTO--(BUSINESS WIRE)--Nov. 30, 2004--Strat Petroleum, Ltd. (National Quotation Bureau: SPRU).
Strat Petroleum, Ltd. today announced that the Board of Directors and shareholders have made the reverse stock split of one common share for every thirteen (13) common shares, to be effective as of December 10, 2004, due to certain procedural delays. There will be no change in the par value of such shares or the number of authorized shares; fractional shares shall not be issued, but shall be rounded up to the next whole share.
Shareholders will be required to exchange their stock certificates for post-split stock certificates and will be furnished transmittal documents.
Strat Petroleum, Ltd.'s strategy is to enhance shareholder value through the acquisition of oil & gas properties with proven reserves or producing/capped wells. Should you wish any additional information on our projects or management team, please visit our website at www.stratpetroleum.com or contact our Investor Relations office. Due to the volume of interest we will make every effort to respond as promptly as possible.
Statements made in this press release regarding the Company's or management's intention, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to compete effectively in a rapidly evolving and price competitive marketplace; uncertainties of completing business transactions; uncertainties of raising necessary capital; no control over long term pricing; possible reductions in demand for our products and services due to competition or changes in industry conditions or political environment; changes in the nature of energy regulation in the Russian Federation, the United States and other countries; political risk; currency exchange risk; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; reliance on management and management contacts; and other risks that may be referenced from time to time in the Company's filings with the Securities and Exchange Commission.
Contact:
Strat Petroleum, Ltd.
Kathy Bassi, 1-905-714-0058
www.stratpetroleum.com
Source: Strat Petroleum, Ltd.
Star, are you planning on holding through the R/S or are you gonna start selling and then buy back into it later?
MLAR...getting so figity waiting for MLAR. But when it goes, and soon, it's gonna be huge. Needs to break .14 before it'll move. So start getting yours.
Bendover, shut up. You need to stop crying like a little girl and just leave this board. Or in other works, you fucking prick, if you ever abuse a woman in such a way again in the way you've been doing, you'll be sorry. God didn't your mother teach you shit.
LSTA...Form 10QSB for LIVESTAR ENTERTAINMENT GROUP INC
--------------------------------------------------------------------------------
23-Aug-2004
Quarterly Report
Item 2. Management's Discussion and Analysis or Plan of Operations Forward Looking Statements
Except for the historical information and discussions contained herein, statements contained in this Form 10-QSB may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operation; any statements concerning proposed new products, services, or developments, any statements regarding future economic conditions or performance, statements of belief, statements of assumptions underlying any of the foregoing and other risks, uncertainties and factors discussed elsewhere in this Form 10-QSB or in the Company's other filings with the Securities and Exchange Commission.
RESULTS OF OPERATIONS
FOR THE SIX MONTH PERIOD ENDED JUNE 30, 2004
For the six-month period ended June 30, 2004, the Company earned revenues of $171,319. The revenues were related to ticket sales from three (3) concert productions through the Company's live events business, and from beverage sales and entry fees from the Company's venues business.
During the six month period ended June 30, 2004, the Company incurred operational expenses of $1,415,999. These operating expenses included: business development & consulting fees of $788,196, wages and benefits of $ 268,267, and professional fees of $118,527 for the six month period ending June 30, 2004. The company continues to incur significant consulting costs, which includes business development, in its effort to realize its business strategy and its business plan.
During the six month period ended June 30, 2004, the Company incurred a net loss from operations of $1,244,680.
FOR THE THREE MONTH PERIOD ENDED JUNE 30, 2004, COMPARED TO THE THREE
MONTH PERIOD ENDED JUNE 30, 2003.
For the three month period ended June 30, 2004, the Company earned revenues of $ 113,219 as compared to revenues of $502 for the same period ended June 30, 2003. The revenues in 2004 are realized from continued efforts in our Live Events business that began in 2003, and our Venues business in 2004.
For the three month period ended June 30, 2004, the Company incurred operational expenses of $1,084,605, as compared to $237,398 during the same period in 2003. These operating expenses included: consulting fees and business development expenses $683,756 and $179,184; wages & benefits of $150,309 and $0, and professional fees of $81,450 and $24,585 for the three month period ended June 30, 2004, and 2003, respectively. The increase in expenses from June 30, 2004 as compared to the same period in 2003 is due to the increased level of business and operating activities in the Company.
The Company incurred a net loss from operations of $971,386 for the fiscal quarter ended June 30, 2004, as compared to $236,896 for the same period in 2003.
Liquidity and Financial Condition As Of June 30, 2004
We had cash-on hand of totaling $0 as of June 30, 2004.
Current Development Finance Strategy:
In order to finance the first and second acquisition or development establishments the Company may use its preferred or common stock to finance the acquisition or development or to raise the necessary capital for acquisition or development.
Future Development Financing Strategy:
In the future, we hope to fund the majority of our new establishment locations through the selling of a minority interest in the new establishments through the sale of up to 49% of the equity or through limited partnerships. This minority interest is hoped to be sold to either individual investors who wish to invest directly into an establishment or into a fund or partnership that will be funded by investors wishing to diversify their investment over a number of establishments that the fund or partnership may invest in. This proposed fund is planned to be formed by LIVESTAR exclusively for LIVESTAR establishments. The Company has begun the establishment of an internal corporate finance department and external network or syndicate of investment advisors, investment bankers and broker dealers that will raise capital via the direct investments strategy and/or form the fund or partnership that will raise capital through the fund or partnership strategy. This planned internal corporate finance department has commenced development through the recent formation of LIVESTAR Entertainment Capital Corporation. It is planned that investors under this strategy are planned to receive cash dividends and some capital stock or warrants in the Company.
In addition to the direct investment and fund or partnership strategy the Company hopes to raise capital for its new establishments through the forming of a real estate financing plan that is hoped to utilize real estate financing to fund the purchase of properties and subsequently secure construction financing to fund the renovations of the establishment.
We believe that this Future Development Financing Strategy will enable us to achieve our development goals with a hope over the long-term of reducing the potential dilution to our existing shareholders. By raising capital directly in each establishment through our planned Future Development Financing Strategy we may not have to dilute the existing shareholders to any great extent to grow the business. As our cash producing businesses grow due to the planned implementation and hopeful success of the Future Development Financing Strategy we plan to utilize the available cash to pay for operations without having to use stock to pay for large and important operational items item such as staff and consultants.
The result of this is that as our cash flow may grow as our dilution may slow. More specifically, we have developed comprehensive business and financial plans that result in our development of a network of entertainment establishments that should operate on a cash positive basis and without incurring substantial dilution to stockholders such that the Company can possibly increase its overall valuation substantially. This possible increase in the Company's overall valuation may be accomplished by using the positive cash flow to buy back the Company's common stock from the public float. There is no current plans to implement a stock buy back program, although one is intended over the long-term and will only be implemented based on the success of the foregoing and solely of the discretion of the Company's management and board of directors.
In addition to the above we plan we plan to invite direct investments into the Company to provide funds for general corporate purposes.
CAPITAL REQUIREMENTS
We believe that the first acquisition or development of an entertainment establishment will require approximately a minimum of $500,000 for the transaction, plus approximately $100,000 in legal, accounting and administrative expenses. In addition our first acquisition or development will require a minimum of another $400,000 for working capital and general corporate purposes. This is a minimum total of approximately $1,000,000 that will be required in the next quarter during which we are hoping to make the first acquisition or development. In the following 3 months, we plan to execute one or two additional acquisitions or developments. We believe that the cost of a second and third acquisition or development project will be approximately a minimum of $1,000,000 each and that approximately another $500,000 minimum each will be required for the same purposes as listed above for the first acquisition or development and for working capital and general corporate purposes. Thus, we anticipate needing a minimum of $4,000,000 of investment capital during the next six months.
After the first two acquisitions or development projects, we intend to develop other entertainment establishments from initial build-out rather than from acquisitions. Our plan is to open two additional entertainment establishments by the end of 2004 and we anticipate that additional funding (approximately $1,000,000) will be required to accomplish this. Management anticipates that funding requirements for this plan will be less than the overall cost of opening these nightclubs, since the revenues from the first two or three nightclubs is expected to generate enough positive cash flow to reduce the level of external capital required. We have developed comprehensive business and financial plans that result in our development of a network of entertainment establishments that should operate on a cash positive basis and hopefully without incurring substantial dilution to stockholders such that the Company can possibly increase its overall valuation substantially. The Company believes it will require approximately $1,000,000 to grow its live events business unit, including the cost of acquisitions or development and their subsequent integration and for the venture development of other potential lines of business for 2004. The total additional working capital financing described in this section is planned to also include the development of other synergistic business units such as, including but not limited to, membership services, brand licensing and merchandising.
CAPITAL ACQUIRING PLANS
Management plans on initiating a series of securities offerings to raise the investment capital needed to meet our acquisition and development plans. Although we will make efforts to minimize dilution to current shareholders, we may not be able to avoid significant dilution due to many factors, including but not limited to, the closing of financing at lower than the desired market price of the Company's common stock.
LIVESTAR hopes to secure the financing to satisfy the capital needs for each phase of its implementation plan through the execution of various funding methods, primarily financing through its Future Development Financing Strategy, private placement investments or debt financing. LIVESTAR hopes to achieve this by securing relationships with accredited individual investors, investment bankers, venture capitalists, and/or finance investment advisors that have the experience and relationships to aid LIVESTAR with its capital raising efforts. The source of the capital may be comprised of a mix of principal shareholders, private investors and venture capital companies.
If needed capital investment for our acquisitions or developments is not available, in whole or in part, we intend to delay the implementation plan regarding our acquisitions or development plans until sufficient investment capital becomes available. We cannot give any assurances that we will raise sufficient investment capital to meet the business plan. In addition to delays to the implementation plan regarding our acquisition or development plans due to insufficiency of investment capital, we may suffer other consequences, including but not limited to the following: We may have to significantly alter the scope and/or direction of our business plan and subsequent capital requirements; we may have to suspend or discontinue operations of one or more of our business units; or we may have to suspend or discontinue operations of the Company if we become insolvent as a result.
Until planned acquisitions (current and future) and new development establishments begin to produce significant revenues and subsequent positive cash flow, we will be reliant on capital received from private placements, loans, and the exercise of options and warrants. Due to the depressed market for our securities, we may not be able avoid significant dilution to current shareholders. In addition, we expect to continue to retain certain management, staff and consultants, such as legal counsel, and may need to compensate these individuals through the issuance of our common stock as compensation. These stock based compensations may result in significant dilution to current shareholders due to the depressed market for our securities. We also continue to reduce or prevent collection of outstanding vendor debts and accounts with creditors, such as suppliers and consultants, which could result in litigation against the Company. There can be no guarantee that all of these negotiations will be successful and the outcome of these negotiations may include settlements in cash and/or issuance of common stock. These stock based settlements may result in significant dilution to current shareholders due to the depressed market for our securities. We plan on continuing to meet certain of our expenses through the issuance of our shares of common stock, which may cause additional and significant dilution to existing shareholders due to the depressed market for our securities.
LSTA...Form 10QSB for LIVESTAR ENTERTAINMENT GROUP INC
--------------------------------------------------------------------------------
23-Aug-2004
Quarterly Report
Item 2. Management's Discussion and Analysis or Plan of Operations Forward Looking Statements
Except for the historical information and discussions contained herein, statements contained in this Form 10-QSB may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operation; any statements concerning proposed new products, services, or developments, any statements regarding future economic conditions or performance, statements of belief, statements of assumptions underlying any of the foregoing and other risks, uncertainties and factors discussed elsewhere in this Form 10-QSB or in the Company's other filings with the Securities and Exchange Commission.
RESULTS OF OPERATIONS
FOR THE SIX MONTH PERIOD ENDED JUNE 30, 2004
For the six-month period ended June 30, 2004, the Company earned revenues of $171,319. The revenues were related to ticket sales from three (3) concert productions through the Company's live events business, and from beverage sales and entry fees from the Company's venues business.
During the six month period ended June 30, 2004, the Company incurred operational expenses of $1,415,999. These operating expenses included: business development & consulting fees of $788,196, wages and benefits of $ 268,267, and professional fees of $118,527 for the six month period ending June 30, 2004. The company continues to incur significant consulting costs, which includes business development, in its effort to realize its business strategy and its business plan.
During the six month period ended June 30, 2004, the Company incurred a net loss from operations of $1,244,680.
FOR THE THREE MONTH PERIOD ENDED JUNE 30, 2004, COMPARED TO THE THREE
MONTH PERIOD ENDED JUNE 30, 2003.
For the three month period ended June 30, 2004, the Company earned revenues of $ 113,219 as compared to revenues of $502 for the same period ended June 30, 2003. The revenues in 2004 are realized from continued efforts in our Live Events business that began in 2003, and our Venues business in 2004.
For the three month period ended June 30, 2004, the Company incurred operational expenses of $1,084,605, as compared to $237,398 during the same period in 2003. These operating expenses included: consulting fees and business development expenses $683,756 and $179,184; wages & benefits of $150,309 and $0, and professional fees of $81,450 and $24,585 for the three month period ended June 30, 2004, and 2003, respectively. The increase in expenses from June 30, 2004 as compared to the same period in 2003 is due to the increased level of business and operating activities in the Company.
The Company incurred a net loss from operations of $971,386 for the fiscal quarter ended June 30, 2004, as compared to $236,896 for the same period in 2003.
Liquidity and Financial Condition As Of June 30, 2004
We had cash-on hand of totaling $0 as of June 30, 2004.
Current Development Finance Strategy:
In order to finance the first and second acquisition or development establishments the Company may use its preferred or common stock to finance the acquisition or development or to raise the necessary capital for acquisition or development.
Future Development Financing Strategy:
In the future, we hope to fund the majority of our new establishment locations through the selling of a minority interest in the new establishments through the sale of up to 49% of the equity or through limited partnerships. This minority interest is hoped to be sold to either individual investors who wish to invest directly into an establishment or into a fund or partnership that will be funded by investors wishing to diversify their investment over a number of establishments that the fund or partnership may invest in. This proposed fund is planned to be formed by LIVESTAR exclusively for LIVESTAR establishments. The Company has begun the establishment of an internal corporate finance department and external network or syndicate of investment advisors, investment bankers and broker dealers that will raise capital via the direct investments strategy and/or form the fund or partnership that will raise capital through the fund or partnership strategy. This planned internal corporate finance department has commenced development through the recent formation of LIVESTAR Entertainment Capital Corporation. It is planned that investors under this strategy are planned to receive cash dividends and some capital stock or warrants in the Company.
In addition to the direct investment and fund or partnership strategy the Company hopes to raise capital for its new establishments through the forming of a real estate financing plan that is hoped to utilize real estate financing to fund the purchase of properties and subsequently secure construction financing to fund the renovations of the establishment.
We believe that this Future Development Financing Strategy will enable us to achieve our development goals with a hope over the long-term of reducing the potential dilution to our existing shareholders. By raising capital directly in each establishment through our planned Future Development Financing Strategy we may not have to dilute the existing shareholders to any great extent to grow the business. As our cash producing businesses grow due to the planned implementation and hopeful success of the Future Development Financing Strategy we plan to utilize the available cash to pay for operations without having to use stock to pay for large and important operational items item such as staff and consultants.
The result of this is that as our cash flow may grow as our dilution may slow. More specifically, we have developed comprehensive business and financial plans that result in our development of a network of entertainment establishments that should operate on a cash positive basis and without incurring substantial dilution to stockholders such that the Company can possibly increase its overall valuation substantially. This possible increase in the Company's overall valuation may be accomplished by using the positive cash flow to buy back the Company's common stock from the public float. There is no current plans to implement a stock buy back program, although one is intended over the long-term and will only be implemented based on the success of the foregoing and solely of the discretion of the Company's management and board of directors.
In addition to the above we plan we plan to invite direct investments into the Company to provide funds for general corporate purposes.
CAPITAL REQUIREMENTS
We believe that the first acquisition or development of an entertainment establishment will require approximately a minimum of $500,000 for the transaction, plus approximately $100,000 in legal, accounting and administrative expenses. In addition our first acquisition or development will require a minimum of another $400,000 for working capital and general corporate purposes. This is a minimum total of approximately $1,000,000 that will be required in the next quarter during which we are hoping to make the first acquisition or development. In the following 3 months, we plan to execute one or two additional acquisitions or developments. We believe that the cost of a second and third acquisition or development project will be approximately a minimum of $1,000,000 each and that approximately another $500,000 minimum each will be required for the same purposes as listed above for the first acquisition or development and for working capital and general corporate purposes. Thus, we anticipate needing a minimum of $4,000,000 of investment capital during the next six months.
After the first two acquisitions or development projects, we intend to develop other entertainment establishments from initial build-out rather than from acquisitions. Our plan is to open two additional entertainment establishments by the end of 2004 and we anticipate that additional funding (approximately $1,000,000) will be required to accomplish this. Management anticipates that funding requirements for this plan will be less than the overall cost of opening these nightclubs, since the revenues from the first two or three nightclubs is expected to generate enough positive cash flow to reduce the level of external capital required. We have developed comprehensive business and financial plans that result in our development of a network of entertainment establishments that should operate on a cash positive basis and hopefully without incurring substantial dilution to stockholders such that the Company can possibly increase its overall valuation substantially. The Company believes it will require approximately $1,000,000 to grow its live events business unit, including the cost of acquisitions or development and their subsequent integration and for the venture development of other potential lines of business for 2004. The total additional working capital financing described in this section is planned to also include the development of other synergistic business units such as, including but not limited to, membership services, brand licensing and merchandising.
CAPITAL ACQUIRING PLANS
Management plans on initiating a series of securities offerings to raise the investment capital needed to meet our acquisition and development plans. Although we will make efforts to minimize dilution to current shareholders, we may not be able to avoid significant dilution due to many factors, including but not limited to, the closing of financing at lower than the desired market price of the Company's common stock.
LIVESTAR hopes to secure the financing to satisfy the capital needs for each phase of its implementation plan through the execution of various funding methods, primarily financing through its Future Development Financing Strategy, private placement investments or debt financing. LIVESTAR hopes to achieve this by securing relationships with accredited individual investors, investment bankers, venture capitalists, and/or finance investment advisors that have the experience and relationships to aid LIVESTAR with its capital raising efforts. The source of the capital may be comprised of a mix of principal shareholders, private investors and venture capital companies.
If needed capital investment for our acquisitions or developments is not available, in whole or in part, we intend to delay the implementation plan regarding our acquisitions or development plans until sufficient investment capital becomes available. We cannot give any assurances that we will raise sufficient investment capital to meet the business plan. In addition to delays to the implementation plan regarding our acquisition or development plans due to insufficiency of investment capital, we may suffer other consequences, including but not limited to the following: We may have to significantly alter the scope and/or direction of our business plan and subsequent capital requirements; we may have to suspend or discontinue operations of one or more of our business units; or we may have to suspend or discontinue operations of the Company if we become insolvent as a result.
Until planned acquisitions (current and future) and new development establishments begin to produce significant revenues and subsequent positive cash flow, we will be reliant on capital received from private placements, loans, and the exercise of options and warrants. Due to the depressed market for our securities, we may not be able avoid significant dilution to current shareholders. In addition, we expect to continue to retain certain management, staff and consultants, such as legal counsel, and may need to compensate these individuals through the issuance of our common stock as compensation. These stock based compensations may result in significant dilution to current shareholders due to the depressed market for our securities. We also continue to reduce or prevent collection of outstanding vendor debts and accounts with creditors, such as suppliers and consultants, which could result in litigation against the Company. There can be no guarantee that all of these negotiations will be successful and the outcome of these negotiations may include settlements in cash and/or issuance of common stock. These stock based settlements may result in significant dilution to current shareholders due to the depressed market for our securities. We plan on continuing to meet certain of our expenses through the issuance of our shares of common stock, which may cause additional and significant dilution to existing shareholders due to the depressed market for our securities.
Another question for you once again in reguards to this R/S. Even though the shares get cut into bite sized pieces, does your overall money value stay the same or does that get sliced as well?
-Mash
Now in reguards to this R/S that was just filed...I still would consider myself a little bit of a newbie. Say for example i am holding 1 million shares of LSTA. With this current reverse split, what would that bring my share vaule down to?
-Mash
p.s. I did also speak with the financial company which is handling livestars finances at the moment. The reason for the huge s-8 filing was indeed in reguards to paying for some new employees which they have hired. Currently they have increased their staff from about 7 people to around 12 and they are looking to hired a few more...in between 15 a 20 total. Also, the reverse split which indeed comes as a dissapointment to all of us is for the better in the CEO's long term plans. OF course we are all dissapointed in this company but in my opinion after we get all this crap settled and taken care off, we may actually begin to see some real solid growth. As this market has been all summer, we're just gonna have to wait and find see
That's be nice, but no, only 18. Feels the same as it felt to be 17 though, but it scares me cause i'm starting to get old
LSTA that would be a great birthday present....it's my birthday....finally and adult. Love it. Go LSTA!!!
LSTA....Does any one think LSTA will hit .0001 again. I have a last ditch effort kinda bid that i'm hoping for but it just doesn't seem like my order is gonna get filled. It makes me kinda sad except when i think of how much LSTA is gonna explode to.
LSTA....Does any one think LSTA will hit .0001 again. I have a last ditch effort kinda bid that i'm hoping for but it just doesn't seem like my order is gonna get filled. It makes me kinda sad except when i think of how much LSTA is gonna explode to.
LSTA....Does any one think LSTA will hit .0001 again. I have a last ditch effort kinda bid that i'm hoping for but it just doesn't seem like my order is gonna get filled. It makes me kinda sad except when i think of how much LSTA is gonna explode to.
LSTA folks....I've got such a good feeling about his one. Does anyone have any thoughts as to where it might be going. Also does anyone know officially if the S-8 is over or are we gonna have to wait a couple of weeks on this one
LSTA folks....I've got such a good feeling about his one. Does anyone have any thoughts as to where it might be going. Also does anyone know officially if the S-8 is over or are we gonna have to wait a couple of weeks on this one
LSTA...In my opinion, now couldn't be a better time to buy. I'm kinda gonna think of this one as a little bit like CMKX. I mean seriously it has now where else to go but up. I personally am gonna keep buying this one because when it runs, it's gonna run hard. Just do some DD and you'll see what i mean