Here is a time of logic. Posted on Ihub, accepted by the SEC.
PPS has been unable to climb above .0001 and keep it even after "soft close".
Volume is not doing well.
Predictions of .002 upon "news" of soft close did not materialize.
Predictions of .001 on hard close will not materialize.
Cigawatt is a tiny vape shop "chain" of 2 small stores in 2 small mid west towns with a miniscule on line store.
GROSS revenue has been approximated at 400K per year. Before lease/rent. Before taxes, before salaries, before utilities, before cost of wholesale goods.
Net revenue given the above must be minimal - at best. Now add in a salary for a CEO, and perhaps other company officers. YIKES!!
Liabilities cannot possibly all be settled before a hard close. Not at .0001 with the remainder in the AS to OS.
Still no filing about Conway's deferred salary.
Still no filing about the court ordered judgements.
Tiny Cigawatt NET INCOME will not be able to carry the load of 3 to 6 billion in the OS, with large liabilities still remaining after hard close.
Dilution will continue after hard close. Selling shares will be as important as selling vaping supplies and the silly fidget spinners.
If tiny Cigawatt does a RS after hard close, PPS will begin to plummet immediately after.
Tiny Cigawatt has no path to the Nasdaq as has been proclaimed. NONE. Zero.
Hard close is not 100% assured.
End result if hard close does occur? Insider enrichment via company salaries for the officers.
Selling shares will be as important to company survival as selling vaping products and fidget spinners.
New shareholders who fail to analyze in advance will become bag holders. A few existing bag holders will be able to exit with some recovery of current losses.
Will LIBE shareholders be allowed to see the Cigawatt audit results? Odds are minimal.
A time of logic is critical in times like this, with massive dilution as a empty shell attempts to become a tiny sub penny pinky with products.
AI
