This information statement is furnished to the holders of record at the close of business on October 20, 2004, the record date, of the outstanding common and preferred stock of Livestar Entertainment Group, Inc., pursuant to Rule 14c-2 promulgated under the Securities Exchange Act of 1934, as amended, in connection with an action by the holders of the majority of the votes of our stock which will accomplish the following:
- Implement a reverse stock split of our common stock on the basis of one post-consolidation share for up to each 2,000 pre-consolidation shares;
- Amend our articles of incorporation to reduce the par value of our common stock from $0.0001 per share to $0.00001 per share;
- Amend our articles of incorporation to increase the number of our authorized shares of common stock to 20,000,000,000 shares and to increase our authorized number of shares of preferred stock from 200,000,000 preferred shares to 500,000,000 shares of preferred stock ; and
This information statement will be sent on or about November 1, 2004 to our stockholders of record who do not sign the majority written consent described herein.
posted
There are a lot of crappy stocks out there. However this stock should be considered for the honor of the worst penny stock of 2004. Gway, GFYI, AFRT deserve honorable mention
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posted
How's this for an investment? Initial purchase of 800,000 shares for approx. $500.00, reversed down to 800 shares with a current value of 8 cents, now it will be reversed down to 4/10ths of a share which will basically be worth .00004 cents after the fall back to .0001. Not too bad eh? $500.00 down to .00004 cents in a few months time.
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quote:Originally posted by stockguy123: There are a lot of crappy stocks out there. However this stock should be considered for the honor of the worst penny stock of 2004. Gway, GFYI, AFRT deserve honorable mention
Whadaya think, Upside, ain't CMKX da woist?
[This message has been edited by Wallace#1 (edited October 26, 2004).]
posted
I don't know Wallace. With that one I've retained some of my money, at least for now anyway. I've got a feeling that it will probably be up there on the list soon though.
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posted
Can't even sell the worthless crap. If they change symbols it will cost me $20 to have nothing. This was a real gem of a deal. Just in case that first kick missed your nuts, UpMan, they wanted to make sure you were doubled over in pain. I didn't have as much as you did, but I feel your pain, brother.
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quote:Originally posted by Upside: How's this for an investment? Initial purchase of 800,000 shares for approx. $500.00, reversed down to 800 shares with a current value of 8 cents, now it will be reversed down to 4/10ths of a share which will basically be worth .00004 cents after the fall back to .0001. Not too bad eh? $500.00 down to .00004 cents in a few months time.
You forgot the 20.00 we got charged for the symbal change. 200.00 investment worth -19.95
posted
I say they just go outta business and be done with it.
I got kicked in the ass hard a long time ago by the equally dreadful DFRC. can't even sell it. I feel the pain of anyone who has LSTE or whatever they'll be next..
posted
I've seen a lot of people talk about a $20.00 charge but to the best of my knowledge, I was never charged. Could it be up to the brokerage house? I'm with Ameritrade.
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posted
Upside hate to tell you ameritrade will definetly nail you for the 20.00. for symbol change. Just consider it juice. LOL Good Luck
quote:Originally posted by Upside: I've seen a lot of people talk about a $20.00 charge but to the best of my knowledge, I was never charged. Could it be up to the brokerage house? I'm with Ameritrade.
quote:Originally posted by Upside: I've seen a lot of people talk about a $20.00 charge but to the best of my knowledge, I was never charged. Could it be up to the brokerage house? I'm with Ameritrade.
I'm with Ameritrade also and they charged me. Oh well I always said at least if I picked the wrong stock I could only lose what I put in, this one proved me wrong. LOL
posted
How did they charge you? I've confirmed that nothing was removed from my account and all of my sells since then have been right, the full amount less the 10.99 commission.
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posted
Mine is a similar case, only with 900$ and 2 million shares to start with.
But I am thankful to LSTA, GFYI, PCOR, ACSJ and a bunch of others on whom I lost a lot of money in the last few months due to R/S, because this has made me stop investment in pennies and concentrate on good companies and in the last 3 weeks I have started getting back part of my losses by dealing in real companies like IMNR, TMTA etc and gaining.
Lessons learnt, you have more chances of winning in Las vegas than in pennies. IMHO
quote:Originally posted by Upside: How's this for an investment? Initial purchase of 800,000 shares for approx. $500.00, reversed down to 800 shares with a current value of 8 cents, now it will be reversed down to 4/10ths of a share which will basically be worth .00004 cents after the fall back to .0001. Not too bad eh? $500.00 down to .00004 cents in a few months time.
posted
Yep, I agree, the chances of coming out ahead here are pretty slim. It seems to be either hit it big or lose it all. It's fun though and as long as it's play money you're using, it's no big deal. I've got a hunch though that there's a lot of people who have no other savings or investments and are banking their future on the pennies. That's scary.
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quote:Originally posted by Upside: Yep, I agree, the chances of coming out ahead here are pretty slim. It seems to be either hit it big or lose it all. It's fun though and as long as it's play money you're using, it's no big deal. I've got a hunch though that there's a lot of people who have no other savings or investments and are banking their future on the pennies. That's scary.
Very true what you said upside I know I have been hammered this summer and am glad I only have a couple of percent of my money here as play money but the thrill is just not there with large caps and funds, you'll never see a 300% run on GE or Hd like I caught on CWON monday.
To answer your question on how Ameritrade charged me on the reverce split. I was down to only about 5.00 in cash and they took that and sent me an e mail to deposit funds or they would sell enough of my stock to cover because I had a negative balance.
posted
Hey thats me i am playing with my equity loan.Used 401k and life insurance policys and other equity to get through not being able to work.Thank God i am ahead.Me no got no other money to play wit so i git to uze whet i git,git it.Now quitt scarring mee wit all dis negitaviti.I jut trin to mak a pew dolars o k.LOL You can't play scared or you are done.Onward and upward Upside.
quote:Originally posted by Upside: Yep, I agree, the chances of coming out ahead here are pretty slim. It seems to be either hit it big or lose it all. It's fun though and as long as it's play money you're using, it's no big deal. I've got a hunch though that there's a lot of people who have no other savings or investments and are banking their future on the pennies. That's scary.
posted
Tony, I truly wish you the best. Don't know you from Adam but I'd say you're deserving of hitting the big one more so than most. I don't envy your current situation and hope something does hit big for you to give you a boost. Okay, that's enough of the softer side of Upside. Back to the negative b.s.!
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posted
Hey thanks. This is fun,enjoy the conversation.The hunt,the thrill of victory the agony of wait that last part is the olympics LOL I'm a survivor.Now find us a winner LOL Boston helped me picked up some cash.
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