UPDATE So, up until now what have we heard on LI
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So, up until now what have we heard on LIGA:
1. There's a new management with a clear objective on how to lead the company.
2. Reduction and renegotiation of old debit.
3. The promise to not increase share structure in the market nor do a reverse split, at least for 3 years or December 31, 2019 unless the common stock share price trades above .05 per share for at least 30 calendar days.
4. Strategic association with the legendary Robert Plarr.
5. Election of the company ENERGEO as the construction company.
6. We have a location in Bay side, Panama City beach where the first house will be built to serve as a model home for the future ones.
7. We have the promise of the company to follow closely that each and every insider, shareholder and those with preferred shares, are playing according to the rules.
8. We have a place where each shareholder can subscribe and receive updates and newsletters regarding LIGA plans.
9. Coming soon a chat room on the company's website for shareholders to interact.
10. Negotiation and commercialization of Robert Plarr's technology and products.
11. The company has entered a partnership agreement with BGTV Direct, LLC. - Worldwide Media Solutions.
12. Management is also considering a variety of options to reduce the share count through private transactions, a buyback program, or stock swap.
13. The conversion rate of preferred stock to common was reduced from 50 to 1 to a rate of just 1 to 1.
14. And last but not least, the company maintains direct and clear communication with its shareholders.
15. Company has authorized the option for a stock repurchase program by LIG Assets, Inc. for shares of the Company's common stock, designed to create further value for Company shareholders. These shares may be repurchased from time to time in the open market or in privately negotiated transactions. In addition, the Company is currently formalizing partnership agreements with strategic companies to form additional entities with ownership positions for LIG Assets, Inc.
16.Company is moving forward with its stated plans for rapid expansion into other sectors and business opportunities via acquisitions, mergers and joint venture partnerships. The Company will provide further information regarding the specifics of each planned partnership in the very near future. The timing and the amount of any repurchases of common stock will be determined by LIG Assets' management based on its evaluation of market conditions and other factors. Any repurchased common stock will be available for use in connection with the Company's stock plans and for other corporate purposes such as further acquisitions, partnerships, mergers and to increase the Company's value and future opportunities for growth and expansion and to create further value for Company shareholders.
17. BGTV Direct, LLC. -- Worldwide Media Solutions will provide all the necessary operational funding, staffing and management of the entire project. BGTV Direct has all the expertise and experience to ensure the success and objectives of the project as well as direct relationships with all the major television, cable, radio and print media venues the firm will be utilizing to provide real estate professionals and organizations with original content advertising segments in their respective markets from local to nationwide audiences across the country.
18. DALLAS, TX--(Marketwired - Mar 29, 2017) - LIG Assets, Inc. ( OTC PINK : LIGA ) (also known as the "Leader in Green Assets" or "LIGA" has entered into a Joint Venture Partnership with LIVE SHIP Global Seafood Logistics to utilize LIGA's and Robert Plarr's exclusive sustainable technologies and products to upgrade existing structures and construct new, state-of-the-art warehouses and distribution centers in conjunction with live seafood transportation systems across North America with plans to expand the partnership to projects in Australia and South East Asia that completely revolutionize how live seafood is stored and shipped worldwide.
19. Letter from our golden man : "LIGA stock has experienced exponential growth and some investors who have not been in touch for a while have inquired about the cause. The short answer is our hard work is paying off. Starting with the LIGA 2016 - Sustainability Impact Conference and the exposure and credibility we received from the actual demonstration and use of our products and technologies at the conference, expos and at various presentations over the last 6 months. In addition, we were able to personally meet over 70 shareholders / investors who were able to touch and witness actual demonstrations of all of the various machines, products and materials we presented at the conference. It also provided several of our shareholders and partners the unique opportunity to "meet and greet" each other in person -- including famed environmentalist Robert Plarr.
With that in mind, as Chairman of the Board, I want to share with you today the vision we have that I believe will prove our name to be true: Leader in Green Assets. These facts are underscored by the business highlights and management commentary (below), which was released concurrently with the Company's annual 10K this past Friday. I'm going to amplify upon this today.
LIG Assets, Inc. is truly a Company owned by its shareholders; it is important to note that approximately 75% of the stock is held by new & long term shareholders that are committed to holding their shares for the long term and we've been in contact about locking up substantial amounts of LIGA stock with a firm commitment to retain those shares. The share structure has been strengthened from past practices and will continue to be consolidated by future action.
LIGA now operates as a state-of-the-art collection of resources, personnel, assets and opportunities that, if managed properly with prudent reinvestment of capital, will produce substantial returns for the Company and its shareholder owners. Changes with the Company's management team, operational capabilities and objectives have taken place since my appointment as the Chairman of the Board. I believe additional changes required to improve performance, potential and corporate value are needed in the immediate future and LIGA now has the resources, qualified leadership, business plan and capabilities to implement those changes and realize significant improvement in all of those areas.
As Chairman of the Board for LIG Assets, Inc., I have for the benefit of the Company and our shareholders, personally engaged independent advisors to conduct a complete forensic review of literally all aspects of the Company's operations -- including but not limited to, corporate structure, business plans, management capabilities and performance as well as our future objectives and the resources, personnel and efforts needed to achieve them as well as the complete rebranding of LIGA as a viable and profitable enterprise. I also intend to be as detailed and transparent beyond standard and required reporting for all communications with LIGA shareholders -- now and in the future. I have already undertaken and/or will immediately begin undertaking the following actions on behalf of LIGA, its shareholders and our collective future and prosperity:
[1] I am pleased to announce the company is moving its corporate headquarters to former Vice-President of the United States, Al Gore's hometown of Carthage, TN, which is just outside of Nashville -- incidentally the hottest real estate market in America and currently "ground zero" for the global green, renewable and sustainable movement where many of the sector's primary leaders and organizations are based. Many of them have already expressed extreme interest in LIGA's vision and resources, LIG Assets, currently headquartered in Ennis, Texas, will move to 110 3rd Avenue West, Carthage, TN 37030. The move is planned to be completed by the end of spring 2017. Our new corporate offices will include a new phone number and greatly enhanced social media presence to further improve our level of communication and relationship with our shareholders and the investment community.
LIGA's expanding presence across North America and our optimism about LIGA's future opportunities for growth have caused us to look for a more centralized location for our corporate operations. The new headquarters will offer greater accessibility and collaboration opportunities for LIGA by being based in the hottest real estate market in America and at the epicenter of the global green and sustainable movement. This move will allow us to retain and attract the best talent to serve our clients, while giving us greater flexibility to facilitate our corporate expansion strategies.
Our new approximate 8,600 square foot headquarters will become home to LIGA's new retail concept and then we plan on building our own headquarters using Robert Plarr's technology over the next year, with planned completion in 2018. In conjunction with the move to Nashville, LIG Assets, Inc. plans to open new bank accounts at First Tennessee Bank, which we have established a relationship that will optimize our financial capabilities.
[2] Our new Corporate Headquarters in the greater Nashville metropolitan area will also feature a retail outlet which will sell the health and well-being products such as our oxygenating/hydration water machine, hydrogen ventilator and medicinal mushroom mixtures. These products are currently being sold by representatives of LIGA and Robert Plarr mostly in the South and California. Sales have been very successful to date which will be reported on the books in the second quarter of this year and the Carthage Tennessee retail outlet will be the first retail store of many to come that will feature LIGA products. The health products division of the Company has provided a good revenue stream for LIGA as we soon will begin to realize revenue from the bigger ticket items such as building materials and real estate development in the near future.
[3] As part of our ongoing efforts to dramatically increase LIGA's resources, opportunities and potential, the Company has partnered with some interested LIGA shareholders and one of the nation's most unique business development and consulting groups that specializes in small cap public companies to seek and maximize opportunities for the future growth of LIGA as the Company transforms into a leader in building and health sustainability. The group's primary focus and responsibility will be the re-structuring of new companies and select business opportunities brought into the LIGA system, whether Private or Public, to enhance the value of LIGA and ultimately create dividends and other opportunities for LIGA shareholders. This is a unique approach we have undertaken that will be the future for building real companies under the LIGA brand. In addition, our new partners and large investors will assist in identifying and securing joint partnerships, mergers and acquisitions of companies with the intention to successfully accommodate subsidiaries, IPO's and spin-off's and as stated above, dividends for LIGA shareholders under the LIGA brand and corporate umbrella, as well as additional "in-house" investment considerations and opportunities for our shareholders and the investment community.
These groups and partners have already provided our Company with several viable candidates we are currently negotiating with to secure partnerships, mergers, IPO's and acquisitions, and the progress of those developments will be announced in the near future. This strategic group of investors is so confident in the future of LIGA and so adamant in their support of the Company and our potential that they have already purchased several hundred million shares of LIGA common stock on the open market with plans for continuing to acquire additional amounts of stock. I believe that these independent, highly qualified individuals we have partnered with can empower LIGA to ensure the stock is properly aligned with its market value. As a shareholder myself, I am excited that individuals of this caliber have stepped forward to assist in our efforts. Their belief in the extraordinary potential of LIGA is demonstrated by their substantial investment, guidance, contributions and efforts they have already made in the Company and its stock. As always, we truly value every LIGA shareholder and appreciate input and suggestions from all. That is part of the reason we are determined to enhance the means of communication that I outlined above.
[4] We have entered into consulting agreements and partnerships to specifically ensure to our shareholders and the investment community, that every contract, joint venture and strategic partnership is properly handled to maximize the value to LIGA and ultimately to our shareholders while maintaining the highest level of integrity and transparency. The purpose of these actions under the direction and assistance of our recent partnership with BGTV Direct - Worldwide Media Solutions, will be to more effectively get our story, corporate mission and investment potential out to the masses on a global scale.
[5] As Chairman for LIG Assets, I have personally engaged a group of SEC experts to ensure that there are no improper or illegal stock transactions and that the integrity of the stock structure is secure. Our shareholders should feel safe knowing that we are taking proactive measures to ensure that your investment will not be adversely affected by some of the inappropriate actions sometimes witnessed in the OTC market. As a practicing attorney for almost 30 years, I will personally see that any illegal or improper trading will be aggressively litigated and LIGA will seek remedial action against any individuals or entity that attempts such activity that may improperly de-value the stock in any manner. Although we are listed as an OTC market, my intention is to operate this Company to a higher standard typical of a NASDAQ or NYSE listed company. As we continue to grow, my hope is someday to achieve the levels of capitalization that warrant listing on these exchanges.
In our 2017 fiscal year, we anticipate that we will be able to recognize substantial revenues as we meet GAAP requirements for revenue recognition for several of our properties, partnerships and various business ventures. I encourage every LIGA shareholder and all interested parties to visit our corporate website www.LeaderinGreenAssets.com to subscribe to our LIGA Investor Newsletter to stay abreast of the exciting developments about to take place with the Company. I would like every shareholder to know that you are part of a Company that operates with integrity and operates in a manner that is not only profitable, but also contributes to the health and well-being of the planet and future generations.'' BEAUTIFUL with all the words!
20.LIG Assets Acquires BGTV Direct Worldwide Media Solutions
LIG Assets, Inc. (LIGA), today announces that it has acquired BGTV Direct, LLC. Worldwide Media Solutions - a full service media company, which is valued at more than $3.6 million with sales exceeding $1.8 million in 2016; LIGA Now Listed as "OTC Pink Current Information" at OTC Markets
21.LIG Assets, Inc. Reaffirms Commitment to Full Transparency and Communication with LIGA Shareholders
LIG Assets, Inc. (LIGA) will post 2015 and 2016 Tax Returns for Recent Acquisition BGTV Direct, LLC and Launches New Corporate Twitter Account for Shareholder Communications
LIGA Now Listed as "OTC Pink Current Information" at OTC Markets
DALLAS, TX--(Marketwired - Apr 27, 2017) - LIG Assets, Inc. (OTC PINK: LIGA) (also known as the "Leader in Green Assets" or "LIGA" today announced the Company will post next week on their corporate website, www.LeaderInGreenAssets.com, the corporate tax filing forms 1065 for BGTV Direct, LLC, for the years 2015 and 2016. LIGA announced that it had acquired BGTV Direct -- Worldwide Media Solutions in a recent press release on April 20th, 2016. LIGA has also launched the Company's new Twitter account at www.Twitter.com/LIGAssets to enhance Company transparency and shareholder communications.
Chairman of the Board, Aric Simons states, "I understand and appreciate that there is a healthy level of skepticism among investors in the OTC arena, particularly in the area of revenues. As Chairman, I want to show our investors that we are transparent to a degree that is unprecedented in the OTC market. As proof, LIGA will take the extraordinary measure of releasing the recent tax returns of our new acquisition, BGTV Direct on our website next week so that all may view the dynamic, growth oriented revenue source of our newest asset. Simons continues, "As Chairman, it is my responsibility to ensure that accurate and timely information is disseminated publicly about and by the company, and that LIGA is fully and extremely transparent with its shareholders, partners and the investment community -- to continue and expand on that policy, in addition to our shareholder newsletter we have launched our new Twitter account to further enhance the public communications between LIGA and our shareholders as well, LIG Assets will be making available on LIGA's new and improved corporate website the corporate revenue/tax form 1065 for the years 2015 and 2016 of our recent acquisition BGTV Direct, LLC -- fully documenting BGTV's stated earnings of over $1.8 million (Accrual Basis) in revenues for the company's most recent 2016 filings."
Thanks to all for the key points which were missing!