InvestorsHub Logo
Followers 81
Posts 503
Boards Moderated 0
Alias Born 09/17/2007

Re: Winters post# 21569

Tuesday, 07/21/2015 12:50:06 PM

Tuesday, July 21, 2015 12:50:06 PM

Post# of 86313
Just to clarify:

JMJ does have a note left, but it does not convert until Sept - plenty of time to pay it back with what we have planned by then, and it's small.

KBM has a $64k note we couldn't make a deal happen with and it's converted hard the past few days. $32k left, that's half sold in days. At this rate I expect they just want out ASAP which will end the selling pressure from notes.

LG Capital, who were VERY cool with LIBE over the past two years (we hit .39 while they were converting, and went over .20 a few times with an avg low of .16, and never beat us up with reserve demands and penalties) want to discuss a credit line, becoming our sole lender next week. We'll need a credit line for one of our acquisitions to continue business under Liberated. We may never have to draw down on it, but it would be good to have just in case. LG bought the Eastmore note for us as a sign of good faith to do business and are not converting it.

We have so many orders pending that it looks like money should not be a problem again - IMO

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.