InvestorsHub Logo
icon url

Det_Robert_Thorne

10/07/15 8:29 PM

#28323 RE: xristosx #28317

Now a proper headline and in the stickies

Sure Conway/Winters posted it a few hours ago, but the subject line read, "I've posted the O/S here many times", which was not at all descriptive to the content of the post, namely the disclosure of LIBE's number OS as of today. Effectively, he "buried the lede".

A nice follow up was posted by Carini with "did the math" and showed the increase and provided a link to Winters' Sept 3 post, but it wasn't posted as a reply to Winters' post with the OS, and so there was a disconnect between LIBE's new OS and the old, and again, the total OS wasn't in the headline.

The new post, which is now also in the stickies, has the lede/lead in the headline and also includes the comparison data with the links, so that readers can easily see the total current OS for LIBE as well as the increase from one month ago.

It's really bad news, and I also found it interesting that in another of Conway/Winters' posts, regarding the possibility of an RS, he used the phrasing, "... nor have I held serious discussion regarding a reverse."

Unsaid from that statement was what should have been the last word in that sentence, "yet". IOW, he's not yet having serious discussions, but it's being kicked around.

He's already posted about LG's desire for a reverse, and with the first of the notes ($31,500) becoming eligible for conversion on Oct 20, the pressure will be there to do it, especially since we're now in the window where the conversion price is $0.000052, which turns that $31,500 into a minimum of 605M shares.

The second LG note ($22,000) will become eligible on Oct 28, and it's convertible at $0.000055, so that will add another 400M shares, for a total of more than 1B shares.

Yeah, he's gonna start a "serious discussion" real soon now.