LVWD has about 2.5 cents of net cash at 12/31. Company made about 1 cent per share in Q4 2011. If the company can sustain income of 4 cents annually, stock is 40 cents per share. If any growth comes in and can be sustained, then we should trade higher.....
I want to see growth in the revenue; with growth, fb ipo (like someone else mentioned), this could go much much higher. w/ no growth, we are stuck right here at .10 to .15 cents.
As far as audited financial statements, I am not that concerned about that right now. I would rather have them spend their time and money on growing the business. If they are manipulating the numbers, it will eventually come out; furthermore, it's fraud.
Ya just don't come across a company like LVWD, trading on the pinks, very often. They're truly a unique company, with no desire to promote themselves, and a tight reign on what they spend their money on.
One of these days, the market will catch on, and it's possible that today's PR at least gets it on some radars. Or, it could be their PR-o'year and that's that til 2013.
Either way, I'm happy w/ the shares I have, and intend to hold them for much much higher levels.
One other thing I'm happy about is that the one-timer in the annual report should leave us with a clean 2012 set of quarterlies and annual. Perhaps they do .03+ this year, clean.
i'm not worried about "fraud" with their financials, i've been following them for years and they're still around and seem to be holding their own without a lot of dilution so they must be generating profits. just qualifying any projections i make with the fact that they aren't audited. even audited financials aren't an absolute guarantee, they just keep honest people honest imho.
they were audited for 2006 and 2007 based on the last 10k filed with the sec when the were lvwd.ob and they still have the same cfo
"We have audited the accompanying balance sheets of LiveWorld, Inc. as of December 31, 2007 and 2006, and the related statements of operations, stockholders’ equity, and cash flows for each of the three years in the period ended December 31, 2007. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits. Stonefield Josephson, Inc.