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In case you missed it
LIG gave investors a very nice glimpse into the company's future and financial security in the PR on Jan 5th that relates directly to its future share price
FROM THE PR:
5. Collaboration with famed environmental pioneer and visionary, Mr. Robert Plarr, to deliver affordable, sustainable homes in select communities throughout the United States. It is further noted that Mr. Plarr maintains a large database of interested parties that wish to purchase homes constructed by LIGA that utilize Plarr approved green technologies and building materials.
DON'T UNDERESTIMATE THE IMPORTANCE OF THIS SENTENCE: "It is further noted that Mr. Plarr MAINTAINS A LARGE DATABASE of interested parties that wish to PURCHASE homes constructed by LIGA"
It means the ability to sell homes that aren't even built yet!
You want to know where this stock is headed? It's right there in that one sentence - ask any Realtor, developer or lender, or in your case; shareholder.
otcshortreport.com = LIGA That was the 20 mill bid wall you saw at .0013 on Tuesday and not one seller - add up the total cover volume needed going back to early December then convert that volume to buys needed to cover + icing on the cake no one selling = that's where this stock is headed = WAY WAY NORTH!
Major problem for a public company that's buying another public company
[1] They must pay the selling price based on the company valuation of what the stock will be worth after the buyout deal is signed / not what it's currently trading for before the buyout. PR on Jan 5th said 5 cents per share and LIG must be able to prove that to get the offer accepted
[2] The stock they receive by acquiring the company ALWAYS has a bleed-out clause limiting the amount of shares they can sell per week, month, etc. as to not crash the share price below the buyout price since they will be holding the majority of shares
[3] Most if not all of the shares ownership/management gets as part of the deal are restricted for at least 6 months sometimes a year in addition to the bleed-out clause attached to them
SOLUTION TO THAT MAJOR PROBLEM = buy as many shares as possible on the open market prior to the deal being signed because those shares are unrestricted and can be sold at any time.
just in case you were wondering where all this volume suddenly came from with someone having no problem paying .0021 they backed off when the price started getting away from them which could have risked increasing the buyout price before deal signed. text book insider accumulation and lots of it. they'll be back, probably a little more discreet next time. My guess is lawyer representing buyer made some calls saying knock it off before you make us pay 10 cents a share
Another important tidbit from the Jan 5th PR
"We resolve that the total authorized common share count will not increase above the current level of 2.4 billion shares for at least three years or December 31, 2019 unless the common stock share price trades above .05 per share for at least 30 calendar days."
Tendered buy out proposals always request the following:
1. A forward looking projection of 36 months (3 years) that the target company must verify with facts, not just a forward looking statement. The "projection" must include a written plan to protect the stock until the buyout deal is signed
"We resolve that the total authorized common share count will not increase above the current level of 2.4 billion shares for at least three years"
2. An "acceleration clause" in case something about the stock dramatically changes before the buyout deal is signed
"unless the common stock share price trades above .05 per share for at least 30 calendar days."
3. A guarantee the company won't loot the til prior to the buyout deal is signed
"We resolve that no additional classes of any stock preferred or otherwise be issued for at least three years or December 31, 2019"
That PR was not just for the shareholders, it was for whoever wants to buy this company and this company somehow proved this will be a 5 cent stock - and the new Chairman of the Board put it all in writing in that PR
Also from January 5th PR
"In December 2016, Mr. Aric Simons agreed to become Chairman of the Board. Aric brings extensive real estate experience through construction of numerous development projects. He has also actively practiced law since 1989 specializing in the entertainment and real estate industries."
They left out the most important part = as Chairman of the Board Simons now has full VOTING RIGHTS
Webster's definition = CHECK MATE!
From PR Jan 5th
"We resolve to reduce the conversion rate of entire 50 million shares of Preferred Stock. The previous conversion rate was one share of Preferred would convert to 50 shares of common stock. Now, the conversion rate will be one share of Preferred stock converts to one share of common stock. The cancellation in potential issuance of nearly 2.5 billion shares now protects the current share structure from massive dilution."
Webster's definition = hen house bulldozed with foxes still in it. Ouch!
Only five types of people short a triple 0 stock. 1 = a complete idiot. 2 = someone holding a lot of restricted stock to mark it against. 3 = someone betting the share price would never go back up before they could cover. 4 = someone trying to get RICH (get it? = "RICH") 5 = all of the above. I'm guessing it's number 5
Looks like someone went to the BARBER and got the haircut of a lifetime. Or in this case a scalping.
Yep = trying a shake. Etrade (ETRD) represents Ameritrade (AMTD) orders on this stock. ETRD may not KNOW all but they SEE all (Level 3) and ETRD/AMTD trade by appointment only and they just lifted on the offer from .0017 to .0018 of course they're happy to buy those shares at .0015
to all you buyers waiting for .001 or lower the MM's have spoken and in unison = NOPE! Better do what ya gotta do before the next PR or .0014 will look like a steal when you're trying to grab what you can at .0025 before it hits .003 you'll be kicking yourself for a 50% missed op
I seriously doubt the king of the sustainable movement Robert Plarr teamed up with LIG and spoke at their expo to build just ONE house. He could have done that on his own. He needed a big enough company to mass produce his homes in several states = enter LIG Assets (Assets = plural)
LIG probably can't discuss or disclose info yet about the tract of homes being built this model home is being built to promote. BUT THE REALTOR CAN! If one of you lives near Panama City drive by this house lot and see whose Realtor sign is there. Call the number tell them you want to buy one of those homes and how many are available in the tract. If the Realtor says more than 10 then we are sitting on a 3 cent stock!
Model homes for smaller developments are usually on site but as you can tell by the other homes surrounding this parcel in the pic this is not the site for the multi home development. Contractors are okay with building the model home a few blocks or even a few miles away if their multi home project is large enough. LIG has something huge planned nearby. That's probably why they felt comfortable putting the model home off-site. Usually near the Realtor's office that got the contract to sell the multi home project. Small project = model home on site = easier to sell the other homes. But huge multi home project = model home off site close to Realtor's office = easier for Realtor to sell (or pre sell based on model).
NOBODY builds a single model home unless multi home development = done deal. Model homes costs TWICE what the other homes cost to construct because it's a single dwelling. Developers willing to eat that double cost on the model because they know it's worth it in order to sell multi home projects. Usually by the time the model home is complete most if not all of the development homes have already been pre-sold or at the least received final approval from lender, county, city, etc. to BEGIN construction. When it comes to tract home development projects the model home is actually one of the LAST steps.
Cannot break ground unless ALL permits issued, EIS (Environmental Impact Study) presented and approved, Bond secured, financing for both the land and construction done and title insurance as well as indemnity policy issued. Land looks cleared. City/county won't even allow heavy equipment on site unless at the very least EIS, indemnity bond and liability insurance secured. Adam Good may be holding signed permits? Whatever they accomplished the Chairman of the Board Aric Simons is there on site!
Sorry = "LINKS" to pics on homepage. Click on "See Project" to see pics under FLORIDA - PANAMA CITY Development on homepage
LIGA added pics to their website homepage (leaderingreenassets.com) of the Panama City project. Looks like they've already begun construction. See: FLORIDA - PANAMA CITY Development on the homepage. Click "See Project" link. I believe that's Robert Plarr on the left (giving thumbs up)
Looks like Glendale having a tough time covering their short. ROFLMAO
Per the PR on December 7th Aric Simons was promoted from a non voting member of the Advisory Board to Chairman of the Board with full voting rights. The person that handles buyout offer negotiations is the corporate counsel. When/if a deal is made the counsel then submits the offer to voting members of the management team for review and a vote. Interesting that LIG's atty Aric Simons suddenly got promoted from just being on the Board of Advisors with no voting rights to now being the Chairman of the Board with full voting rights and full authority to negotiate and disclose insider info with outside parties. Simons didn't have voting rights when he was just on the advisory board and had limited access to insider info. It's crucial when you receive a buyout offer that the other party is dealing with someone high enough up on the corporate ladder to not only negotiate but vote on any offer. By promoting Simons to a voting position he is free to disclose insider info as well as vote on any offer. Management usually supports what their legal counsel recommends, especially if he is one of the people that will be voting for its acceptance.
.05 target price formalized in a board resolution usually means the company is engaged in negotiations or has received a buyout offer. If so, they've signed a NDA (non disclosure agreement) with the other party so they can legally discuss/disclose future developments that justify their projected price target of .05. LIGA wouldn't just pick that price target out of thin air. They would have to prove it's warranted based on what they have planned for the company. They would disclose to the other party per the NDA enough information about what they're sitting on for the other party to verify that price target. Today's PR was probably meant for whoever they're negotiating with guaranteeing the company can't do anything with or to the stock that would change or lower that .05 price target before a deal is struck.
Thanks Afoster! Here's a heads up = from now on make sure you read all my posts here. You'll see why by the end of this week.
Happy New Year!