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Seems many can’t just wait. It’s not like the auditor is solely on just Cigawatt audit.
I’m sure this is the bottom of their to do list as it’s for a public otc pink stock and a private company reverse merger. I’m sure Brian told them to do it is low cost as possible so to them cut the price by using spare time to do it makes sense. I can see this being exactly why this is taking so long. “Just give me the best price, maybe you can just do it as you have the time in between other jobs?”
Uh huh, wouldn’t surprise me.
BUT that doesn’t mean it’s not being done, just that time wasn’t exactly an issue.
$LIBE
Maybe I’m deft here, I’m taking some time away BUT isn’t today the day that Power Up note converts?
Wondering where it is with all those 1’s still sitting there untouched.
Ehh maybe tomorrow.
$LIBE
If I was such an intelligent person that I could say what a company will “have” to do or what they “should” do, I think I’d be spending my time doing rather than talking about running a company.
I’m confident Cigawatt isn’t out there playing keyboard warrior but rather making money with “2 small vape shops”
So they should say what?
They stated it was happening and the audit simply was NOT done.
What more could they say?
Should they outline a bunch of fluff words so that people that are on the bid NOT currently holding shares can feel better about staying on the bid? Should they reword it over and over again so those on the bid can feel good that if they do get a few 1’s they can sell them for 2’s? How many words does it take to say the audit isn’t finished?
I’m no more happy about a delay here, no less worried about another failure, no less concerned about a stalemate on L2 here. Problem is that there is nothing more they can say.
It’s either done or it isn’t. They said it’s not done.
It’s either still an solid deal or it isn’t. They stated it is still a solid deal.
So we wait.
$LIBE
So LIBE has gone weeks during the past several months saying nothing - it’s been a single day now, NOT an indicator of anything since all anyone is waiting for is the audit completion therefore news of anything else wouldn’t be any better than silence for a day or two.
And Cigawatt tends to tweet every few days so again - NOT an indicator of anything “underhanded” there
I’m not sticking around today but I’ll say this, it seems to me that with all the consistent “thinking” we do as traders on what it all means we forget to realize that sometimes when the current temperature is say 67 degrees and the high is going to be in the 80’s and sunny that a statement saying it’s a beautiful day and it’s only going to get better, can quite simply mean that it’s nice outside and the temp is getting warmer today yet.
Sure 3 hours, or 3 days. Maybe its a week maybe a month? Nah I’m pushing it there but I’ve been audited by the IRS in the past and I’ll say this much as I know it to be true - you give them what you THINK is enough and weeks later they tell you it wasn’t or it wasn’t what they were wanting, here’s what we need, send it please. And you send that. Then a couple weeks later it’s, we need this info now.....and it goes on and on until they are satisfied. It’s not like you hand an auditor everything financial and it’s done. It’s up to them when they are satisfied and they say it’s done. And it’s NOT something that the one being audited can control besides how fast they gather the documentation. And again from experience this is not always simple either and I’m a good record keeper. For instance “we need the receipts for business entertainment” then “these don’t add up for 2008, seems there’s $6.92 not in this submission, please locate it”
Let me put it this way - you need to find that $6.92 receipt that was dropped while running away to the terminal from the McDonalds counter to catch the flight or you need to draft a letter of explanation to account for the incomplete record. And you need to spend hours and days looking and thinking about where the $6.92 was from. And that’s only ONE example.
Be patient and realize that this is good, it means the audit is legitimate and it’s going to be solid.
$LIBE
https://rmas.fad.harvard.edu/faq/how-long-will-my-audit-take
“Audits are typically scheduled for three months from beginning to end, which includes four weeks of planning, four weeks of fieldwork and four weeks of compiling the audit report. The auditors are generally working on multiple projects in addition to your audit. The auditors' time will be divided among all of their projects, with some weeks heavily focused on your audit and other weeks less focused on your audit.”
Granted this is “TYPICAL” so professional or not, Cigawatt is currently a smaller provate retail ‘mom and pop’ as so many stated. Odds are their books were not perfect.
So we can then rule this out as fake as long as silence doesn’t ensue?
Thank goodness, was getting worried.
Well Brian stood up and put out something straight forward. That’s a positive, whether the information is a delay or not he didn’t disappear into the void.
$LIBE
Cigawatt isn’t in control here yet. Once they are I bet the game changes.
Does anyone have anything solid to share on what’s happening or are we all simply going to whine for now until we get some news? I see the standard OTC day trader mentality of buying 2’s yesterday to sell on quick run failed immediately at open today so stacking them back on 2’s is the standard approach.
Good to see NOTHING changes CEO or Trader pieces - always the same.
$LIBE
I don’t see how between Portland settlement and early quarterly that this deal wouldn’t be happening.
Only issue is when we hear something.
Nerve wrecking but I’m confident
That’s called 50% gains, buy $1000 at 2 Monday and try to sell it at 3 Wednesday for $1500
Hmm that’s not bad for a single trade. And we know it’s not $1000 always sometimes it’s $5000 2s so $7500 at 3’s or $2500 profit for that 1 tick.
$LIBE
That “or” piece bugged me for the past few months. As it also stated “on or before” so really contradicting pieces in the same line.
We will see. I still feel as Cigawatt wants the deal and Conway wants to exit so early or mid day or tomorrow - it’s happening for those reasons.
$LIBE
Where did I say they were “precluded”?
I said it’s UNLIKELY that all of a sudden at 9:30 am est that an accountant in cst will wake up and cal in they are done with an audit and Brian would release news of this.
Had it been done yesterday sure. But odds are we see info later in the day - THATS what I stated.
$LIBE
Is everyone expecting a pre market news release of information that the audit is finished and hard close is preceding?
I mean today, sure. But to believe it’s hitting pre market when accountants and attorneys don’t start their days until 9 am and East Coast time at bell might be 9:30 but for the rest of the time zones it’s 30 minutes or more until people start their business days and answer phones.
Not to mention does the average person believe Liberated is that big a priority to these auditors? We are probably on their desk as a “we’ll get to that a bit later” not “oh crap this client is a must do now or we lose a ton of pull in our field” client.
My guess is we see the news mid to late day, I’m hoping for that at least since the 8k did state “on or before May 15” - we shall see, I don’t suspect getting my long waited 1’s in any case. I expect huge walls on 2’s tomorrow though if silence is what we receive instead of information today BUT those walls would come down the moment the news hit anyhow so long term, as long as he doesn’t go silent today, my bet is still on Cigawatt making these shares much more valuable.
But I don’t expect news of a completed audit at open. To think that is to think he had the information yesterday, and he hasn’t seemingly been playing this to time out for moves but seems to release what he has when he gets it.
Settlement was true, judge did sign off on it. Last 2 quarterly reports were filed early.
There ya been a proven change in how he’s doing things.
$LIBE
The sadness of the 1 share trades at 0001 is ridiculous here.
Desperation vs. hesitation is ALL this is.
Oh yeah lots of “activity” for something that’s “going nowhere”......
Yup! More than that HUGE sales at 1’s yesterday though before 2’s were slapped again.
It’s all relative.
$LIBE
Hour ago it was “how long since 3s were even shown.....”
Hmm a few minutes lol
Things change on the OTC INSTANTLY.
Watch for huge volume here as the HARD close comes closer and Brian Conway steps down as CEO.
$LIBE
Oh crap!
SKY IS FALLING!
5000 1’s were sold!!!!
LOL
Sky is falling. Yup it’s just horrible.
“Always darkest before the dawn”
Check it out, it’s ACTUALLY true.
$LIBE is going to run up, and I’d even bet it will stay up well above 2’s.
But oooooo let’s worry about .00015 and a few 1’s hitting. Because all in all there have been 20 million or so 1’s grabbed. THATS IT! And that’s been in the past 6 months.
So yeah betting out of 3 billion, 20 million 1’s isn’t going to be much more than a drop in the bucket. Still 2.2 billion 1’s wanted, 99.99% more than have been filled
$LIBE
I did. I’m a pretty good judge of how things appear. And this CEO is actually “hated”.
“He has cancer and he should’ve stepped away.
He doesn’t have cancer, it’s all a lie.
He puts out fake LOI’s to sell shares.
All the notes are adding billions to the OS.
How will his deferred salary get paid.
He hasn’t deferred his salary.
ConMan Not Conway.
Conway cant close anything.
Only reason this will close is because it’s a tiny 2 store and small online vape shop.
When Cigawatt deal closes it will run a little bit then drop.
It won’t run Cigawatt is a tiny nothing that can’t carry this SS.”
Shall I go on? See any of this is all back and forth, use one side for one bash and the other side for another bash.
Gotta pick an angle, but that aside - but I do admit I called the sentiment here and the additives as being “HATE” towards Conway.
Emotional trading NEVER makes money.
Fact is LIBE will run based on something FINALLY occurring.
$LIBE
Issue here is HATE. Hate of Brian Conway, the current CEO of $LIBE
IF ONLY we could cite how many of the tickers in the past year that ran from trips to pennies with billions in the OS that had HATED CEO’s JUST prior to their runs........
99% or 100% of them?
$LIBE
It could be getting quite interesting around here, that’s for sure. People seem to think they have plenty of time but those 2’s are really just one or two slaps from being gone.
$LIBE
The ceo can’t make money off a move up here, can’t sell his shares except 1% and that’s with filings prior.
He makes an exit payday though on the RM hard close so bet anything this happens.
$LIBE
Maybe and Cigawatt still needs to get past the “Brian Conway” curse of closing.
Once that’s done though I think we are in for a shock as to how this goes, these aren’t Penny Stock players but REAL retail business owners from the Midwest and no matter how small their business is now, MANY MANY Midwestern small mom and pop retailers have become quite large companies.
Just saying.
And as I said to being with here - still need to overcome “the curse of Conway”
$LIBE
I do firstly apologize if my thoughts do not translate well to print, I think outside the box though.
Sometimes well outside of it.
If I could choose to need to raise $100 million via share sales in a pre IPO plus the costs of that IPO on a solid clean ticker resting on the main exchange or spend say $200,000 for the FULL voting block of shares to bring my retail company public (losing ZERO control) and then raise say $10 million from venture capital to build out my brand which might cost me some control but not maybe not even half)....
Well I’d choose option 2 even though I’d have to use maybe 1/10th of that raises $10 million that might have cost me 1/2 of the voting control for buying back the OS and settling ALL the outstanding notes.
One way is simpler and cheaper. But one has to think about the avenues to get from trip zero pink current ticker with less than $1 million debt/liabilities and a 3 billion OS to say a $0 debt/liabilities and a 100 million OS trading on say the QB tier or QX tier then moving up to the larger more stable Nasdaq in time.
But it will be first and that actually does matter in this sector. It’s also a retailer not a vendor. So a little different but similar to my comparison. There are no other retailers looking to do this, which is a BIG move.
$LIBE
Again sorry if too outside the box here.
I’m not stretching anything.
10 million could clean up LIBE debt, buyback 90% of the OS, and bring LIBE to the nasdaq.
So IPO to bring an existing company (Cigawatt is established as well) by raising 100 million or come into Cigawatt once public on the otc with $10 million and clean and up list?
Hmm
Not a stretch.
ALL about FIRST to be public. CIGAWATT will be FIRST.
$LIBE
Bigger Picture ALWAYS goes over the heads of smaller minds....
https://www.google.com/amp/s/www.cnbc.com/amp/2019/03/20/reuters-america-u-s-vaping-products-company-greenlane-files-for-ipo.html
Ya think an ALREADY publicly traded retail vape shop won’t be a target for an EASIER way in???
$LIBE
Well thanks! That DD is TOP NOTCH!!!
$LIBE
Sam Walton I believe once owned a “Mom & POP” business - also was a PRIVATE one too.
Once upon a time that is.
Food for thought. Life isn’t about what is now but rather what one can envision and bring to reality.
Let see where Cigawatt is down the line, right now once can buy shares for .0002
$LIBE
Insight is amazing.
2’s are resistance, at this point 1st and Second points of resistance. And 3 is the 30 day high.
Breakout on RM is imminent based on this breaking past its CURRENT PPS.
This is what massive runs are made out of. Slow slow slow and then BOOM BABY!
Just wait for it.
$LIBE
The bid is actually 2.2 billion and has nothing to do with the $200,000
In fact I think that $200,000 is more of a paperwork thing.
Janelle gets $200,000 for SPA for Cigawatt on soft close and then Brian gets his controlling share block bought on hard close by Janelle......
To me it’s all a darn place holder for hard close and RM completion.
That bid is just $220,000 worth of wishful wanting for cheap shares. 2’s are bottom and they are disappearing little by little as the RM and the reality creeps in.
$LIBE
Times running out, someone will always be faster on the buy when it’s time.
Always better to grab before the major move.
$LIBE
Not a worry here at all. How many other OTC pinks have so much negativity surrounding them at these prices but have NEVER seen a stop sign?
How about how many have EVER released a 10q EARLY? How about TWO early???
The direction of $LIBE CLEARLY has changed and it’s only a matter of time before we see this make a massive move up.
So not a single worry right now. Going to be a good week.
Several times. NO RS has been considered or even discussed.
Been stated they have OTHER options.
Look at past twitter and FB postings on liberated and cigawatts sites for their posts.
$LIBE
ANOTHER KEPT STATEMENT FROM $LIBE TWITTER!
Q is OUT PRE-RM HARD CLOSE
https://www.sec.gov/Archives/edgar/data/1503161/000149315219006847/form10-q.htm
SECOND time it’s been EARLY!
$LIBE
That’s the thing, details that overall do NOT matter since they are as common on the otc to have errors (not lies) on contracts and documents as sugar in kids cereal.
This is at .0002 and we play here for gains.
This will run on news of hard close, Brian stepping down, and subsequent name change and symbol change.
By the time 3 months has passed ALL of the new buyers this brings in over the next week or two will be long gone.
That’s the OTC.
This isn’t an investment until after a RS and hopefully for Janelle and Tony’s sake an up listing to a higher tier as they do seem like solid people and I feel they are doing this for the right reasons.
It’s just not something us traders tend to stay with especially not with the short term mentality we have. But for NOW this is a solid play. A REALLY solid buy at .0002
Because as you even said, Brian is going to step down - that’s a given as his health isn’t getting any better and this is his exit strategy for something to leave his family.
It will run. IT WILL close the RM and it will have a real business in an otc ticker. This is GOOD news.
$LIBE
Hate to break it to ya but none of this makes a difference unless CIGAWATT I.e. Janelle Squire wants to back out of a deal she’s put tons of personal time into making happen.
It’s a soft close SPA contract. When the transfer of controlling shares takes place I bet it’s as smooth as it needs to be. Contracts are only a tool if parties want to find a way to weasel out.
But if that’s the case they will find one no matter what the LLC or INC says and even then it costs money because just the designation won’t make a difference anyhow in court as it’s the owners signature and not like she can say “oh the INC is my other company....”
It’s clear.
It’s happening.
The deal is REAL.
$LIBE