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Re: Magnum7419 post# 65716

Thursday, 02/28/2019 10:56:10 AM

Thursday, February 28, 2019 10:56:10 AM

Post# of 86315

all convertible notes are cleared."


Can you point me to the SEC filing or company PR that demonstrates this to be true?

Is Brian's deferred salary settled?

Are the court ordered judgments settled?

LIBE's total assets were $44.00, and total liabilities were $666,790. I do not believe that includes the court judgments nor Brian's deferred salary.

I don't see how "all convertible notes are cleared" could be possible given real world LIBE financial SEC filings.....

To settle ONLY the $666,790 in liabilities at even full .0003 per share (highly unlikely) is so many common shares of dilution that neither my calculator nor my laptop can provide a number of shares meaningful to a human mind.

Put another way, even to max the OS out against the AS does not provide enough shares in dilution to settle ONLY the liabilities of $666,790.

The 4 billion shares remaining in the AS can't cover it all. How will the liabilities get settled? (answer they won't and the new company will be saddled with massive liabilities on day one).

How will Brian's salary get settled? (answer - probably a golden parachute that common shareholders will be saddled with).

How will the court judgements be settled? (dilution solution).

How will Cigawatt be compensated for bringing all their assets into a empty shell with a grand total of $44.00 in LIBE assets? Massive new shares - probably both preferred and common.

Current common shareholders will drown in what is coming. Pure logic and common sense by examining the situation here.

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