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Have any of my predictions been wrong?
Nope - Bannon hired promoters and diluted you down to nothing, now here comes the 1-1000 reverse split, as predicted.
I feel bad for those of you who got taken.
If I were you guys I’d listen to Hereitcomes. He knows what’s up with this stock.
Where's the 8k?
I love how people didn't believe me when I stated the dilution was going to drive this stock into sub-penny land. Oh well, hope you all enjoyed loading up on "cheapies"
Where do you see the Salary?
This guy knows whats up
Incredibly. Dude was in WAY over his head and couldn't afford anything he was doing it seems like.
Livingston is still diluting with 3a10 - $900k+ to go. super toxic death spiral.
Embarrassing press release, $20k sale? How will that help with the $6M+ in Debt?
Hart is full of shit. Of course he knows it’s Livingston offloading their 3a10 shares. Technically those aren’t convertible notes but it’s still dilutive shares for debt.
For those that don’t know. 3a10 is an exemption that allows companies to petition courts to allow them to issue freely trading shares to creditors in order to settle debts that cannot be satisfied in cash. Livingston has purchased $1M of debt from TCA, and under the 3a10 exemption, has received millions of shares. This process will continue until about $2M worth of stock is liquidated (the $1M plus fees and profit). Every time there’s stock issues to Livingston it’s very dilutive because stock gets added to the ISSUED AND OUTSTANDING. Livingston only recovers their money if they sell stock, and since they receive it at a deep discount they’re what you call motivated sellers so this drops the ASK.
It’s all in the filings !!
Do some research on these stocks, who has or has had convertible notes with them, and look at the boards....it'll be easy to see afterwards who is calling the shots here.
$DRUS
$QSIM
$ONCI
$ENZC
$TXHD
$ADTM
$NECA
$COTE
$NUUU
$DKGR
....and more
Here's a guy worth listening to!!!!
SEC EDGAR --> COMPANY SEARCH --> DRONE USA
Most recent 10-K & 10-Q
Read the filings, they borrowed money at 18% interest and bought a company using 100%+ debt. Not even the best companies can sustain a 100-1+ debt to equity ratio especially when that debt is worse than a credit card!!!!! The conversions won't end soon, they're just getting started because they can't repay their debt through the cash flows of the business. 1...2...Livingston's coming for you...
Someone email Hayden and ask about the Livingston 3a10 - how much of the $1m is converted? Sold?
The filings say the initial balance. How is telling people over email "how much is left on the note" public?
I don't get it.
rightfully so, before then it was an empty joke of a mining company with no assets, just a shell.
What about the TCA Debt that Livingston is buying in chunks and 3a10ing? Is that not debt?
How is sharing the remaining balance of a convertible note public info?
This guy gets it - highly leveraged company, not enough cashflow to repay creditors, dilution pollution!!!!
only thing that's climbin bro are the outstanding shares
lol...u sure about that bub?
Building definitely looks like it's run down, I wonder why they can't at least be in a decent office?
I can't believe people are actually bullish on this stock!!!!!!!
1. Only reason it's not sub penny is it's being manipulated to stay over $0.01 for OTC QB listing - wake up!!
2. While the convertible notes are over the Livingston 3a10s are just beginning
3. The company has over $4 MILLION in debt to TCA that it can't pay through cashflow, so Livingston is going to be busy buying and converting that debt for a long time!!!!!
4. The CEO owns almost 10% of the shares, he has control of the Board and of the Shareholders through the Preferred Shares - I wonder what he's gunna do so that he gets more share and the stock price becomes more "attractive"? Buckle up for that reverse split y'all!!! Livingston won't care their agreement will just adjust. Shareholders will get burned.
Good luck flipping this from sub-penny to penny, that's the only way true play here, ride off the manipulation lolz.
I don't think it's a good idea to try and catch this falling knife
Good luck, but I'm going to wait 2 weeks to get in when we see sub penny
What news do they have that you think can combat this massive overhang?
I would say under a penny - massive overhang with convertible notes and that Livingston 3a10
Yes, it appears new shares are being issued to pay off convertible debt holders
This specific stock is not convertible. It means that the CEO has control because he has majority stockholder voting rights.
Read the filings, the ex-CFO is definitely not selling shares, nor are any of the other option holders. They haven't even converted their options, since the stock price is well below .20 and the options are not cashless (read the fillings, it's all in there). The filings do mention that the CEO was trying to sell stock though, that's very interesting...
After reading the filings I figured out who is selling, the company raised about a $1M in convertible notes from October 2017 to January 2018, now the 6 months mark is hitting for those notes and those lenders are converting into freely trading shares at a discount and dumping into the market. There's also something weird in the filings about a $1M+ of a TCA loan being sold to Livingston? That's an extra $1M of sell pressure on the stock. Whoaa!
And wow! 1.5B shares...