Replies to post #3520 on Life Clips Inc (fka LCLP)

[Dolly Llama]

Today's amendment extends the date after which Batterfly Energy Ltd. (the Israeli company being bought by Life Clips) may terminate the Purchase Agreement if the Acquisition has not closed by such date. Originally the date was June 30th. That was clearly defined in black and white. Today it was extended to July 14th. That means Batterfly had one entire week (from June 30th until today) in which it could have terminated the agreement if it had wanted to. Obviously it didn't, or it would have. Neither would it have agreed to extend the date if it wanted out. And if Life Clips was interested in "putting the heat on", then they wouldn't have extended. The need for an extension probably had to do with the Israeli tax authorities.

"While the closing of the Acquisition remains subject to various customary closing conditions, the Israeli tax authorities have granted preliminary approval of the tax treatment for the Acquisition being sought by Batterfly’s shareholders, and accordingly, the Company expects the closing of the Acquisition to occur during the week of July 11, 2016."

[simmons420]

Do some DD on what it takes to acquire a company from Israel . If the deal was not going through an extension would not have been made for a week . Let's look at what we have forward too product's about to be sold in best buy and target. New camera coming soon. And hard launch of MOBEEGO here in the US. Im adding on all the dips .

[bud_fox]

Not true. The minor delay is dealing with foreign countries and tax laws which appears to have been approved. We'll know more over the next couple days. While I agree there is selling going on, we don't know by who. I did reach out to IR rep Mr. Kugelman and awaiting a reply. A 15M increase for a fledgling OTCQB stock is peanuts. If it were 5 billion I would be out by now. Go look at the charts my friend. This is about to pop big. The sellers could be shorts in a panic or it could be a promo company. Although there is some selling going on it isn't causing any major swings or panic. Happy trading.