Replies to post #34350 on Left Behind Games (fka LFBG)

[billd43]

So basically what you're implying is that it's eventually a win/win situation. Is that correct?

[Sharktnk]

Remarkable breakdown of the entire situation. Was not familar with the attorney involved and should have checked on that a long time ago, one of the more glaring items that I had overlooked on another play that would have saved me a lot of grief ... and money.

And to think you didn't even touch on the whole "Modesa" affair.

Item 1.01 Entry into a Material Agreement.
On February 22, 2011, Left Behind Games, Inc., a Nevada corporation (the “Company”), entered into an Equity Purchase Agreement (the “Agreement”) with Modesa Enterprises LLC, a Delaware limited liability company (“Modesa” or the “Investor”), pursuant to which Modesa agreed to purchase up to an aggregate of $10,000,000 of the Company’s Common Stock from time to time and upon the election of the Company during the two year term of the Agreement.

Goodness, not sure how I had missed the DD uncovered here:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66399779

[Scott12]

Excellent post nodummy! 5 stars for you *****

Your board name fits you well.

GLTA!

[seventeen]

Nice explanation, however, you are talking worst case scenario. Of course if a company borrows 10M all at once and Southridge dumps it all at once the pps will be in the gutter. Doesn't take a genius to figure that out. Let's remember that it is a 2 year deal where they can draw AS NEEDED. You are not figuring product sales and revenue into the equation. You are not figuring expansion and MyPraize into the equation. The fact is, we don't know what Troy has up his sleeves because he has been so quiet. So, when you want to trample a company and someone's life work lets not forget that there are other factors that come into the equation. And after all, it is just your OPINION...

[MaxShockeR]

LFBG R/S (1:50k) OMG...Ouch

whereby, on or about February 2, 2012 (subject to FINRA review of the reverse split and its notification date to the markets), for every fifty thousand shares of Common Stock then owned, each stockholder shall receive one share of Common Stock, with fractional shares being rounded up the nearest whole number (the “Reverse Split”).

http://secfilings.com/searchresultswide.aspx?link=1&filingid=8317640

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70483533 (by seventeen)

My Red Flags DD on LFBG

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66399779


$POS

[Sharktnk]

Thought I recalled this:

Assuming LFBG is willing to file an S-1 which would be heavily scrutinized by the SEC and assuming the SEC doesn't pick up on all the insider enrichment going on with this company using super cheap warrants, rich compensation agreements, and consulting fees and professional fees being paid to entities controlled by the insiders of this company through the issuance of discounted shares and eventually approves the S-1 filing a few months from now how do you think the toxic agreement will work?

From todays filing:

originally filed on October 11, 2011

The Registration Statement has not been declared effective

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71423715