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Drugdoctor

03/11/14 12:34 PM

#10194 RE: tangerine #10193

Look at this...


On September 3, 2013, LiveWire Ergogenics, Inc., pursuant to agreements with two of its lenders announced that the registrant had retired two convertible promissory notes by paying the sum of $40,000.00 to the two noteholders.

Likewise on September 3, 2013, Bill Hodson, the chief executive officer, and Brad Nichols, the president of LiveWire Ergogenics, Inc., agreed with the registrant to forgive any cash debt that is currently showing as a liability to LiveWire Ergogenics, Inc. regarding their personal deferred salaries to date, the total amount of which is $460,667.00, and shall no longer hold the registrant responsible for payment of that amount.

In addition, Messrs. Hodson and Nichols agreed to change the terms of their employment agreements to a salary of $1.00 per year. All other details of our employment agreements shall remain in full effect.
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Afghanistuck

03/11/14 12:56 PM

#10205 RE: tangerine #10193

So we 're now assuming we will magically expand overnight, not gradually with increased revenue - poof, Like Moses parting the Red Sea., Bill will strike the ground with his newly minted bong and expand to 40,000 stores overnight. Your argument assumes that there won't be increased revenue, and it also assumes there won't be any economy of scale with increased production. The more we make, the more we sell, the cheaper the price per unit becomes to get to market.

Has anyone considered that the deal to acquire APRU is based on increased revenue? Quarterly reports are always months behind, they are not real time.
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tiger3

03/11/14 1:07 PM

#10212 RE: tangerine #10193

Dilution isn't a
solution.Now,looks like no bottom price for LVVV