I'm not sure why some are still claiming the Livin
Post# of 40989
(Total Views: 218)
Posted On: 01/31/2018 11:11:47 PM
I'm not sure why some are still claiming the Livingston debt is paid off.
As far as the Livingston debt goes they haven't even paid 50% according to Berman's own filings, if you even believe that. 40MM shares were converted on 10/5/17 resulting $149,828 being applied to the debt and the $122,000+ balance was retained by LAM as an administrative fee. Another 40MM shares converted on 1/22/18 at a 45% discount to market which probably was at a net price of .003 = $120,000 . So my figures say that only $269,828 of the $886,000 debt has been paid off.
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Speaking of Livingston let's remind everyone of another one of Berman lying tweets from 10/17/17:
"Yesterday ONCI settled $1.8M of inherited long term debt for $600,000 thats 33 cents on the dollar! $ONCI "
On the bottom of page 12 in the unaudited 10-K Berman states it was actually only $1.53 million settled at a 42.1% discount resulting in net settlement of $886,000. He actually settled for 57.9 cents on the dollar, a FAR cry from 33 cents.
Other than telling me I'm wrong why are so many people here continually buying into the Koolaid? Some still think Berman is the "single greatest CEO in the OTC". Bertman is JUST LIKE 99.99% of the CEO's in pennyland. To paraphrase Dennis Green "he was just like who we thought he was!"
https://www.youtube.com/watch?v=aYKIcnj1MJY
Let's be honest here. Most here did not really care about the company. It was all about pumping the price of the stock in order to make money, no matter who was hurt in the process. No matter what lies were upheld to create this illusion of success. Some permabulls are now spinning Steve's audit or no audit financials explanation.
There is no mea culpa. He f'd up, had plenty of time to set the record straight, but didn't. Only after a large shareholder pressured Berman to put something out did he do so. And his explanation may not hold water either.
I'll give him credit for putting a 10-K out but I think the numbers should be taken with a huge grain of salt for now.
"Please sir, may I have another?"
As far as the Livingston debt goes they haven't even paid 50% according to Berman's own filings, if you even believe that. 40MM shares were converted on 10/5/17 resulting $149,828 being applied to the debt and the $122,000+ balance was retained by LAM as an administrative fee. Another 40MM shares converted on 1/22/18 at a 45% discount to market which probably was at a net price of .003 = $120,000 . So my figures say that only $269,828 of the $886,000 debt has been paid off.
===============================================
Speaking of Livingston let's remind everyone of another one of Berman lying tweets from 10/17/17:
"Yesterday ONCI settled $1.8M of inherited long term debt for $600,000 thats 33 cents on the dollar! $ONCI "
On the bottom of page 12 in the unaudited 10-K Berman states it was actually only $1.53 million settled at a 42.1% discount resulting in net settlement of $886,000. He actually settled for 57.9 cents on the dollar, a FAR cry from 33 cents.
Other than telling me I'm wrong why are so many people here continually buying into the Koolaid? Some still think Berman is the "single greatest CEO in the OTC". Bertman is JUST LIKE 99.99% of the CEO's in pennyland. To paraphrase Dennis Green "he was just like who we thought he was!"
https://www.youtube.com/watch?v=aYKIcnj1MJY
Let's be honest here. Most here did not really care about the company. It was all about pumping the price of the stock in order to make money, no matter who was hurt in the process. No matter what lies were upheld to create this illusion of success. Some permabulls are now spinning Steve's audit or no audit financials explanation.
There is no mea culpa. He f'd up, had plenty of time to set the record straight, but didn't. Only after a large shareholder pressured Berman to put something out did he do so. And his explanation may not hold water either.
I'll give him credit for putting a 10-K out but I think the numbers should be taken with a huge grain of salt for now.
"Please sir, may I have another?"
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