quote:Originally posted by Teufelmann: Press Release Source: LIVESTAR Entertainment Group, Inc.
LIVESTAR Entertainment Group Inc. Announces the Finalization of New Business Transaction With the Sequel Nightclub & Lounge Friday June 4, 11:29 am ET
VANCOUVER, BC--(MARKET WIRE)--Jun 4, 2004 -- LIVESTAR Entertainment Group Inc. ("LIVESTAR" or the "Company") (OTC BB:LSTA.OB - News) today announced that it has successfully finalized a new business transaction with the Sequel nightclub. Under the new transaction LIVESTAR, through a new wholly owned subsidiary, has executed a Business Lease Agreement (the "Lease") with the owner of Sequel, whereby LIVESTAR was provided the right to lease the business assets and operate its own establishment operation at the premises. ADVERTISEMENT
As per the terms of the Lease, LIVESTAR will be the beneficiary of all the proceeds of operation and compensate the Sequel with a monthly lease payment. Details of the transaction can be found in our report on Form 8-K filed today with the Securities and Exchange Commission.
According to the Founder, President and CEO of LIVESTAR, Mr. Ray Hawkins: "The business will still operate under the trade name of 'Sequel' and with the rights LIVESTAR has gained through the Lease we are proud to have completed a transaction that will put revenues on the Company's income statements. A business lease transaction is commonplace in the industry and we feel during the term of the lease we can generate revenues and earnings that will benefit LIVESTAR financially. In fact, the revenues are beginning to grow due to the change in season in Toronto."
Mr. Lall, the owner of Sequel, commented: "The commitment of myself and LIVESTAR management to finalize a new and equitable business transaction regarding the operations of the Sequel is a testament to our commitment to provide value to the shareholders of LIVESTAR by following through on developments even if certain business conditions and arrangements change."
The Company looks forward to the addition of further establishments to LIVESTAR, to the development of further business opportunities with Mr. Lall and to the continued development of our business plans.
quote:Originally posted by Teufelmann: Press Release Source: LIVESTAR Entertainment Group, Inc.
LIVESTAR Entertainment Group Inc. Announces the Finalization of New Business Transaction With the Sequel Nightclub & Lounge Friday June 4, 11:29 am ET
VANCOUVER, BC--(MARKET WIRE)--Jun 4, 2004 -- LIVESTAR Entertainment Group Inc. ("LIVESTAR" or the "Company") (OTC BB:LSTA.OB - News) today announced that it has successfully finalized a new business transaction with the Sequel nightclub. Under the new transaction LIVESTAR, through a new wholly owned subsidiary, has executed a Business Lease Agreement (the "Lease") with the owner of Sequel, whereby LIVESTAR was provided the right to lease the business assets and operate its own establishment operation at the premises. ADVERTISEMENT
As per the terms of the Lease, LIVESTAR will be the beneficiary of all the proceeds of operation and compensate the Sequel with a monthly lease payment. Details of the transaction can be found in our report on Form 8-K filed today with the Securities and Exchange Commission.
According to the Founder, President and CEO of LIVESTAR, Mr. Ray Hawkins: "The business will still operate under the trade name of 'Sequel' and with the rights LIVESTAR has gained through the Lease we are proud to have completed a transaction that will put revenues on the Company's income statements. A business lease transaction is commonplace in the industry and we feel during the term of the lease we can generate revenues and earnings that will benefit LIVESTAR financially. In fact, the revenues are beginning to grow due to the change in season in Toronto."
Mr. Lall, the owner of Sequel, commented: "The commitment of myself and LIVESTAR management to finalize a new and equitable business transaction regarding the operations of the Sequel is a testament to our commitment to provide value to the shareholders of LIVESTAR by following through on developments even if certain business conditions and arrangements change."
The Company looks forward to the addition of further establishments to LIVESTAR, to the development of further business opportunities with Mr. Lall and to the continued development of our business plans.
posted
Meshoe45 Looking for less then a week for double bottom to play out. I emailed the investor relation dept. this is the reply I received
From: Sent: Thursday, June 03, 2004 11:50 AM To: investors@livestar.net Subject: From Investor
HI,
I am writing on behalf on all 700 forum contributors who are shareholders and concerned investors in Live Star. Even with these new good development why the price is taking such a severe nose dive. Second your web site nor anywhere else it list your future plans, concerts or events.
Thank You
Thank you for contacting us concerning your interest in LSTA.
If you would please provide a phone number where you can be reached it would be most appreciated. I look forward to answering your questions, and getting the opportunity to speak with all of our shareholders.
posted
With today's close at .0006 Double bottom Gave a excellent Technical confirmation. First bottom at .0005 and second confirmed in .0006 the neck line is coming at .0014 initial target. Violation should be .0016 and final first target is .0025 and second target is .0034 and third is .0050.
I See a lot of red on the street but it is beautiful technical self fulfilling prophecy. I am going to contact Investor Relation and would ask for the updated pictures on Sequeal and please do not forget to send in your Proxy everyone. That help Investors Greatly.
------------------ It's all technicals without fundamentals
[This message has been edited by Tanangel (edited June 04, 2004).]
posted
Sorry I forgot to explain Proxy Is investors vote on upcoming selection of Officers to the Board, Employee incentive plans and issuance of no of Shares. These things are important because they are about to choose new ppl to there board, higher incentive plans for employees and raising the limit on the stocks from 1 Billion to 100 Billion shares. Every share equals to one vote and anything which will increase expenses will need to looked at and if I am not mistaken this Vote is going to take place on June 25.
------------------ It's all technicals without fundamentals
TO THE SHAREHOLDERS OF .: The annual meeting of the shareholders of LIVESTAR Entertainment Group, Inc. will be held at the offices of the Company at 62 W. 8 th Avenue, 4 th Floor, Vancouver, British Columbia, Canada V5Y 1M7 on June 25, 2004 at 8:00 a.m. Pacific Time, for the following purposes:
1. To elect two directors to serve until the next annual meeting or until their successors are elected and qualified;
2. To vote upon a proposal to amend the articles of incorporation in order the authorize the board of directors to increase the number of authorized common shares from 1,000,000,000 shares to 10,000,000,000 shares; and
3. Approve the following Livestar Entertainment Group, Inc. Stock Plans:
a) Employee Stock Incentive Plan for the Year 2003 approved by our directors on September 5, 2003 with 30,000,000 shares of our common stock in the aggregate authorized for issuance under the Plan.
b) Employee Stock Incentive Plan for the Year 2003 No. 2 approved by our directors on October 15, 2003 with 55,000,000 shares of our common stock in the aggregate authorized for issuance under the Plan.
c) Employee Stock Incentive Plan for the Year 2004 approved by our directors on January 29, 2004 with 100,000,000 shares of our common stock in the aggregate authorized for issuance under the Plan.
4. To transact any other business that may properly come before the meeting or any adjournment of the meeting.
Shareholders of record at the close of business on May 27, 2004 are entitled to notice of and to vote at the meeting. The Company’s proxy statement and its 2003 annual report to shareholders accompany this notice.
All shareholders are invited to attend the meeting in person.
BY ORDER OF THE BOARD OF DIRECTORS,
Ray A. Hawkins, President , CEO & Director
------------------ Nothing's more fun than a Subs stock run!!!
Posts: 373 | From: North Tx. | Registered: Jan 2004
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posted
Increasing A/S is a good thing ??? They wouldn't be doing it unless the had future plans of dilluting.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Lololol, Will. Lessor of two evils. Delution is never good, unless they have a specific plan for Aq's and growing the business. Delution to buy Corvettes and new homes is what we DON'T want to see. lolololololol We'll just have to keep an eye on it:-)
------------------ Nothing's more fun than a Subs stock run!!!
Posts: 373 | From: North Tx. | Registered: Jan 2004
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posted
Oh! You mean like paying a bogus consultant? Actually I bought without reading enough, I didn't want it to get away from me again. I'll have to go back an see the detail reasoning for the A/S increase.
quote:Originally posted by Dallas Boy: Lololol, Will. Lessor of two evils. Delution is never good, unless they have a specific plan for Aq's and growing the business. Delution to buy Corvettes and new homes is what we DON'T want to see. lolololololol We'll just have to keep an eye on it:-)
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Very intresting point on dilution, I believe they realize that if they bring that many shares in the market the price will crash which is not good for there aqutions or overall business cycle. I think they are keeping goody bag quiet right now and right after june 25 will annouce major development and concerts. If everybody be kind enough to write all the concrns so we can rely to investor relation dept. all the concerns.
Posts: 143 | Registered: Feb 2004
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posted
I also believe they are trying to get bigger since they are increasing just employees incentive plans to 100 million shares to attract more stronger talent.
Posts: 143 | Registered: Feb 2004
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posted
I looked at a through history of the company, no pumping but I believe we are due for a good solid run and I am just accumulating and sitting this company potential is no less than QBID.
------------------ It's all technicals without fundamentals
posted
A run to the Bank? Cool Im ready Im gonna pick up more at this price if possible
Posts: 1068 | From: Utah and Put-In-Bay Ohio | Registered: Jan 2004
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posted
I'm sittin' and waitin'. It may be a long hold, but when it runs = BANK . I think the updates they are doing on the site etc... looks more professional and gives more information. I am just going to hold it and see what happens. (check out DTGJ) CD
Posts: 240 | From: Buda, Texas, USA | Registered: May 2004
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posted
looking for a initial buy on it as soon as market open, I believe major MM willjump in at this price at open and could see a retest of .0010 by mid day.....:0)
[This message has been edited by Tanangel (edited June 07, 2004).]
posted
Best time to buy. Right now i got around 4 mil shares if it stays like that for one more day i will put in 5k more. I am just waiting for it to go back to 0.002. Now that will be fun.
posted
I was just wondering did anybody else emailed to investor relation department, I have not received any word from them yet. I did ask for the projections on Seqel and about there next aqution and concerts.
Posts: 143 | Registered: Feb 2004
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posted
I think I have went back and technical analyze the LSTA chart for at least 4 hours to death. I even printed the chart and hand techniczed it. I came up with the same result we are ina strong dble Bottom Pattern which targets minimum .0025, .0035 inital and final at .005. If there is anybody else who is looking at this stock differently please post to get a good dialouge going. For DBL Bottom play to be nullified the price has to go and touch .0001--.0003 region. :-}
Posts: 143 | Registered: Feb 2004
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posted
Its the only stock I hold other than some worthless CMI shares. If your right I'll be back in the game and I wouldn't have bought it if I didn't think it was gonna turn up fast!
Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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posted
whats the 52 week lowest 0.0005 or 0.0006. i cant get the right numbers on my computer of LSTA. Its showing me that this baby is on 0.0049.................?????????
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