0.0001---0.0002 WHY?
LIBE stock price should be no surprise to anyone, as I have mentioned on this board numerous times.
Shares and conversions are near limitless. There is absolute control by the CEO over issuing new shares for whatever reason, and previous conditions for releasing issued shares such as expired restrictions (as in 144 rule stock) and by conversion rights contained in NOTES. Tons of shares.
There are outside influences which will compel the CEO to acquiesce to re-capitalization, notably a REVERSE. So far as has been discussed by the company, LG Capital has been a "suitor" for financing. Information I have gathered suggests there are two other lenders both headquartered in Great Neck Long Island who could provide funding--albeit the TOXIC variety. My understanding is a desired cap by the company of 1500:1 R/S has been proffered to suitors, but these companies want to see 5000:1 R/S, tangled with non-dilution language on the loan repayment side.
Why can't LIBE attract reasonable funding. Certainly the existing Capitalization Structure is partly responsible, but looking past that--what does the company have to offer to fund?
Aside from the 20 GL's ordered by HEMP,inc/Mr. Bruce Perlowin, which where centered around a consulting contract by and between LIBE and HEMP--sales have included 5 units sold to a Marina.
There is no PATENT on this product, and although there is at least 1 patent application, if you read the CLAIMS it is clear that no patent will issue. That's life, but not the end of the world.
What else does the company offer. Who is its marketing people, internal and external? What is the deal--if any--with Fusilier? And who exactly is VoiceFlix--what companies have they worked with, what success have they brought in the past. Both these companies were a subject of a LIBE PR. What happened? They were supposed to get shares? How many, what terms--WHAT HAPPENED?
The Mergers and Acquisitions is another head scratcher. An announcement but no follow through?
Eastern Energy Services is not in good financial order, and as a captive supplier--considering the less than stellar sales, why take that burden on?
And I STILL can't figure out who or what "The Outage Expert" is. A webpage seemingly more concerned with lending library books than anything that would concern LIBE.
Has either of these companies received any consideration from LIBE so far? Where do these M&A's stand?
Hypothetically, if you were going to fund LIBE, and you saw a glaring mistake on its webpage concerning a technical aspect of its LEAD PRODUCT---what would you think? Sloppy? Careless?, How about "they have no idea what the product is all about". That would be my take. Yet, despite several posters here pointing out the blatant mistake of energy output of the GL's solar panel--it STILL has not been corrected? WHY???
Without a major change by management, -full disclosure, and I mean a shareholder meeting where the books may be inspected, this is just going to continue to be an exercise in dilution.
Could GL's possibly be a tangible, salable product? Yeah, I can see how, but that has got to be the primary motive. What the current motive is, well we see that everyday, every week, every month in higher shares outstanding, lower PPS and lack of meaningful sales. That won't change unless YOU make it so. JMHO.
