LIG Assets Inc (LIGA)

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LIGA=GAINING INCREDIBLE STRENGTH IN 2017/2018

LIGA 2017/2018 Accomplishments and Promises:
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HIGHLIGHTS:

Launch new subsidiary in Early 2018:

http://ligahomes.com/

President of LIGA HOMES, Linda Byrd Of Exit Realty

https://globenewswire.com/news-release/2018/01/22/1298538/0/en/LIG-Assets-Inc-Appoints-Linda-Byrd-as-President-of-LIGA-Homes-and-Paul-Wright-as-New-Board-of-Directors-Member-of-LIGA.html

LIG Assets Closes on 60 Acre Upscale Residential Subdivision Project in Brentwood, Tennessee. Projected Sales Phase 1 $28,000,000

Additionally, LIGA Homes Appoints Alexa Bass as Senior V.P. of Sales & Marketing

LIG Assets, Inc. Announces New Board Resolutions, Review of 2017, Plans for 2018 Including $10 Million in Signed Contracts


New and Revised Board Resolutions signed January 3, 2018:

1. LIGA will be launching a new subsidiary in early 2018 that will avail LIGA of a highly significant business opportunity that we anticipate will result in a material and substantial positive impact on our bottom line.

2. LIG Assets is currently finalizing plans to issue a stock dividend for all LIGA shareholders of record in 2018. The stock dividend will not increase nor dilute the outstanding share count.

3. We are committed to the existing share structure; the total authorized common share count will not increase above the current level of 2.4 billion shares for at least two years or December 31, 2019 unless the Company’s common stock share price trades above .05 per share for at least 30 calendar days.

4. By means of Corporate Resolution, there will be no reverse split of LIGA common stock before December 31, 2019 unless the common stock trades above .05 per share for at least 30 calendar days or in the event that LIGA is converted to list on NASDAQ exchange for compliance with the minimum share price required by NASDAQ to maintain active listing status.

5. We resolve to maintain that each share of Preferred Stock will have only one voting share - the same that is currently set for each share of common stock.

Revs INCREASING
8. Due in large part to LIGA’s new management team and expanded operating structure, the Company in the 3rd quarter of 2017 reported double the Company’s revenues from the 2nd quarter of 2017 and surpassed $1 million in revenue for the first time in many years.

LIGA Fighting Stock Manipulation with SEC:
9. In November, 2017, the Securities and Exchange Commission filed indictments against an individual and corporation for unlawful manipulation of LIG Assets and several other OTC companies’ stock. LIGA plans to use a significant portion of the proceeds to be returned to the Company to enact an open market stock buy-back plan. You can read the full SEC indictment @ https://www.sec.gov/litigation/complaints/2017/comp23992.pdf

MORE TO COME FROM INVESTIGATION
As LIGA FREEZES over 100 MILLION shares of Stock:

11. LIGA has frozen over 100 million shares of stock in reference to the SEC Indictments and will do so for the next 2 years and plan on retiring these shares and possibly others once the SEC finishes their investigation. Any monies received from ill-begotten gains, will be applied to share buybacks, dividend and/or reinvesting in fiscally prudent new projects that would produce a guaranteed minimum return of investment

$10 Million in Signed Contracts

Doug Vaughn, Lig Assets CFO, states “In 2017, we acquired BGTV as our first revenue producing entity to provide revenues not only for the parent company LIGA, but also to help fund our second subsidiary LIG Developments (LIGD based in the Dallas Metroplex). This has been successful, and LIGD is now ready to fulfill a $5.5 million backlog of light gauge steel framing projects. Our Twitter feed (www.twitter.com/ligassets) shows the start of the first two projects, and in 2018 other larger contracts will commence. BGTV has recently landed new contracts of approximately $5 million, and LIGD no longer needs the ‘startup funding’ from BGTV. Therefore we expect free cash flow to be substantially better going forward. These developments have led to serious opportunities for funding that will not require diluting the common stock or give up any portion of the company. Any direct investments will be into a specific project or future subsidiary, and best of all, without any dilution of the stock.


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https://ih.advfn.com/p.php?pid=nmona&article=76409727