Friday, April 10, 2015 7:10:16 PM
I picked up a decent position in LIGA for the reasons listed below. I will be adding more whenever I can.
1. Volume - look at all of the blue bars in the past few months:
http://ih.advfn.com/p.php?pid=webchart&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=USOTC%3ALIGA&s_ok=Get+Chart&period=3&drawmode=0&size=19&volume=1
2. No R/S per acting CEO and bounce back of pps from 0001
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111626344
http://www.otcmarkets.com/stock/LIGA/chart
3. Trading, bid/ask behaviour and the accumulation becoming more solid
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111963491
4. Decent ss: a/s=2.4bn and o/s as of 9/30/14 = 402M
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111576009&txt2find=share|structure
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=129588
5. Oil leases, their locations and size
i) 10% industry position in a group of oil leases located in the Bakken formation in North Dakota
ii) The leases comprise approximately 1,280 acres in McKenzie County, the most productive oil producing county in the state.
iii) In September 2014, LIG Assets, Inc. based in Dallas, TX, a Company focused on residential and commercial real estate, merged with West Coast Partners, LLC and CP Resources, LLC, that are also based in Dallas. West Coast Partners and CP Resources are focused on oil and gas exploration and production. These entities currently have over 36,000 acres under lease with geological reports that demonstrate the potential for massive reserves.
iv) The lease has the capacity for 7 wells in the Bakken and Three Forks Formations with the potential for approximately 22 other wells in multiple formations.
http://money.cnn.com/news/newsfeeds/articles/marketwire/1179620.htm
v) West Coast Partners and CP Resources will become wholly owned subsidiaries of LIG Assets, Inc., and it is estimated that they bring added revenue of over $1 million a quarter.
http://www.otcmarkets.com/stock/LIGA/news/LIG-Assets--Inc--Signs-Definitive-Agreement-to-Merge-With-West-Coast-Partners--LLC-and-CP-Resources--LLC-to-Focus-on-Oil--amp--Gas-Exploration-and-Production?id=87225&b=y
6. Reporting status of Pink Current
http://www.otcmarkets.com/stock/LIGA/profile
7. Pending updates in April and future potential as highlighted by the great DD by yavich and retired37. Go yavich and retired37!
http://investorshub.advfn.com/boards/replies.aspx?msg=111945748
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111626344
Plus I just have this good feeling about this ticker. I am not sure what it is, but I don't usually get a good gut feeling like this. It feels good to own this ticker. I trust that I have the right feeling, time will tell.
Go LIGA!
Buy cautiously and sell reluctantly.
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