pennystockobserver Wednesday, 05/25/16 11:11:21 AM Re: jasonstocktrader post# 935 Post # of 26512 PAY ATTENTION: Tues. May 3, 2016 $LCLP announced a BINDING LETTER OF INTENT see full release here A Binding Letter of Intent Explained: The parties may desire that the letter of intent be a legally binding contract. However, the details of most transactions are normally not discussed until the drafting of a full agreement and, therefore, the parties should be careful and only use such legally binding letters of intent if absolutely necessary. $LCLP has a BINDING LETTER OF INTENT with Batteryfly Energy, ltd "Mobeego". Batteryfly Energy ltd is as well an Israeli company. So we are talking about a $6 million international acquisition. Which was 1st announced less than 30 days ago. the FACT that there is a Binding LOI and that the overall tone is VERY positive from both sides makes me feel cautiously optimistic that this is will close and soon. The Mobeego brand is HUGE internationally this acquisition brings - Turn Key Revenue OVERNIGHT - Distribution - Big Box Retailers I'LL HEDGE MY BET ON GIVING THEM AT LEAST ANOTHER WEEK OR SO TO CLOSE!