Tuesday, November 10, 2020 5:22:47 PM
1. Move forward with new deals funded by outside partners who would hold an interest in the new company
2. Declare bankruptcy if Chap 11 request Judge wipe out shareholders and give shell to noteholders. Declare Chap 7 liquidate pretty much NOTHING and say Oops.
Now as I see it. Joe Francella and Devon Diaz (PE guy) decided LVGI was worth saving. LVGI loyal shareholders (Me Z Shaw etc) deserved to not
HAVE THEIR INVESTMENT WIPED OUT!
What have they done in 1year?
1. Acquired Rokin Vape Co
2.Acquired Ketosports
3. Filed Docs to get current on OTC
4. Raised funds by selling Reg A Shares to acquire both companies
I don't like Reverse Splits, but they are necessary for turnarounds. LVGI had much too high of a O/S for future VC's to evenlook at this company. As CEO JF is tasked with saving the shareholders.
WHAT DID YOU EXPECT HIM TO DO?
Go to a VC firm with a 3.75 BILLION O/S and ask for them to invest inhis future plans? No way Jose' !!! Don't let the door hit you in the rearend on the way outof my building says the VC/PE specialist behind the desk
So to save their loyal shareholders signed on to a R/S and then raised the funds for 2 acquisitions with new equity and Reg A Shares.
You may not like it, but ACTIONS SPEAK LOUDER THAN WORDS!
These guys are now on the road to building a good revenue-producing company with these 2 new acquisitions. The fact that have access to 20 MILLION in PE is GREAT!
Buy you shares now, because as we sit, we are basically trading at .0001
x300= .03
You will see this stock in Dimes by end of 1Q 2021 once these revenues are posted.
Mark This Post
Cheers
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