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Live Ventures Incorporated Message Board

iloveelon 8 posts  |  Last Activity: Jun 18, 2016 11:16 PM Member since: May 17, 2013
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  • iloveelon iloveelon Jun 18, 2016 11:16 PM Flag

    Positive fundamentals, its not even a going concern.

    Accumulated and working capitol deficits were $33M and $9M respectably.

    Going Concern

    The Company remains highly dependent upon funding from non-operational sources. The Company’s consolidated financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company has an accumulated deficit of $33,529,573, and has a working capital deficit of $9,059,630 as of March 31, 2016. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of these uncertainties.

    There are no assurances that the Company will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placement, public offerings and/or bank financing necessary to support The Company’s working capital requirements. To the extent that funds generated from operations and any private placements, public offerings and/or bank financing are insufficient, the Company will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company. If adequate working capital is not available the Company may be required to curtail or cease its operations.

  • Elon Musk had a hilarious response when his cousin asked for a Tesla discount

    Look, I'll be honest — if I had Elon Musk as a family member I'd hit him up for a Tesla.

    So it only makes sense that Lyndon Rive, SolarCity CEO and Musk's cousin, figured it was worth asking Musk for a discount on a Tesla. (Musk is also chairman of SolarCity.)

    But when Rive finally got around to asking Musk for the discount, he was met with a pretty funny burn.

    "I asked, 'Elon, hey can I have a family discount' and his answer is, 'Yeah absolutely. Go to, buy the car online, and the price you see there is the family discount,'" Rive told Tech Insider. "Everyone gets a family discount."

    So there you have it: Musk does not believe in preferential treatment for family members.

    "I give Elon credit beyond the fact of being the best entrepreneur in the world, he treats everyone the same. Everyone. There’s no nepotism at all," Rive said.

    Not that the lack of a discount deterred Rive at all. Rive has a Model S and his wife has a Model X, he said.

    As for how Rive feels about Musk's snarky reply?

    "It's totally fair," Rive said. "For the amount of car you’re getting, it's a totally fair price."

  • Reply to

    did musk kind of lose his @&*$?

    by td5221 May 5, 2016 8:08 PM
    iloveelon iloveelon May 22, 2016 10:15 AM Flag

    I think it comes down to Musk only getting interested in big bets, he has no interest in small easy projects, even though those are safer and more profitable.

    He will either win, or lose, large. I think he is the only reason Tesla has gotten as far as it has. At some point, there does need to be a moderating influence from the board and CFO. The constant betting on the near impossible is not healthy for a company long term. Nor, is constantly raising that bet.

  • Reply to

    This stock is going to fly!

    by pittyfuk May 20, 2016 4:26 PM
    iloveelon iloveelon May 22, 2016 10:04 AM Flag

    Too funny! This could put the stock up over a penny?

  • Is the company pulling a fast one. Did they think no one would notice.
    The pre 14C listed listed a rollback of authorized shares after the reverse split takes place.
    The definitive 14C did not list that rollback.
    Compare them.
    I thought 50X was bad enough!

  • Reply to

    tomorrow R/S ?

    by bat1_70605 May 11, 2016 5:58 PM
    iloveelon iloveelon May 14, 2016 12:01 AM Flag

    Thats setting up almost 200X dilution. Crazy indeed.

  • iloveelon iloveelon Apr 4, 2016 11:38 AM Flag

    Called investor relations, halt probably a good thing til some of this gets sorted out, actually impressed SEC acted so quickly,

    ... emphasis on they're conducted business normally today.
    I just hope they continue with updates, this is better than any soap opera.

    Company was doing many things right, they dont need these distractions.

  • Reply to

    Khesin gets 8M Shares of voting Rights

    by brucem2004 Mar 31, 2016 8:37 PM
    iloveelon iloveelon Apr 4, 2016 10:58 AM Flag

    Khesin needs to be taken out in cuffs.

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