Your retail shareholders have been completely wiped out. The retail investor bank can only be tapped into so many times. The pps is .0004 x .0005, it struggles to even reach .001. How much more debt do you think penny investors can pay off ?
The so called insiders here can't contain themselves at how well the company is supposedly doing. I suppose every pinkie has some run so they will be right eventually if they keep there daily predictions going.
951,727,225 OS and rising, assuming that's not counting the roughly 100M shares that will be added as the remaining $32K of that note converts.
That's about 2.87X the 331M shares reported (as of May 19, 2015) in the recent 10-Q, or a 187% increase.
You really need to ask the transfer agent to update the OTC Markets profile page, since it still shows the January OS of 107M shares, and calculates LIBE's market cap based on that:
No offense, Mr. Winters, but I have been a big supporter here and I find it a little troubling that we are now learning about a second large convertible note that was not disclosed in the most recent 10-Q (nowhere in that filing are the words "Eastmore" or "KBM" to be found).
Are you saying that as of May 20, 2015, those notes did not exist? If they did, why were they not disclosed? That 10-Q was the same document, I might add, where you attested that:
I, Brian Conway, certify that:
1. I has reviewed this quarterly report on Form 10-Q of Liberated Energy, Inc, Inc.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements are made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; ...
May_20, 2015
/s/ Brian Conway Brian Conway Chief Executive Officer Chief Financial Officer
IMO two $50k+ convertible notes not being listed would be a material fact whose omission from a quarterly report could be seen as highly misleading to investors.