Thursday, July 7, 2022

Lig Assets, Inc. (OTCMKTS:LIGA) Executing the Plan

LIG Assets, Inc. (OTCMKTS:LIGA) is a great reminder that volume is always a great indicator. And if you talk to professional traders they will tell you that upticks in volatility and volume are more important than price.  Nearly all trading algorithms have this volume component in the strategy. So if you were watching shares trade at the start of 2017, you had the first clue that the company was setting up for a great year.

If you observe the price action in the chart below you had the initial move in January where volume spiked, and then again in March. Both times the stock had excellent moves higher. This seems to be the metric to watch for LIG Assets.

LIG Assets, Inc. (OTCMKTS:LIGA) focuses on residential and commercial real estate business in the state of Texas. The company purchases commercial and residential real estate properties for resale and rental. It also invests, acquires, finances, and manages commercial properties, such as hotels, apartments, condos, retail, and office buildings; and offers loans for single family homes. The company was founded in 2008 and is based in Dallas, Texas.

I think some of the price action is due to press releases and company information announcing plans to further reduce its share count and restrict some of its current common and restricted shareholders.

On January 4, 2017,the company said, the Board of Directors resolved to reduce the conversion rate of its entire 50 million shares of Preferred Stock. The conversion rate of preferred stock to common was reduced from 50 to 1 to a rate of just 1 to 1; which effectively cancelled the potential issuance of 2.45 billion common shares. At the same time, the Board resolved to keep the total authorized common share count at 2.4 billion shares, not conduct any reverse split below .05 per share, and not issue any additional classes of stock for at least three years.

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In an effort to further demonstrate its support of LIGA’s long term plans and its loyal shareholders, new management and advisors along with several large shareholders have notified the Company they would be willing to sign lock up agreements on their common and restricted stock holdings. Management is also considering a variety of options to reduce the share count through private transactions, a buyback program, or stock swap. In addition, Chairman and Corporate Counsel Aric Simons will conduct a comprehensive review concerning stock sales by all company management and advisors to confirm that stock sales, if any, were executed according to the law. Current rules prohibit sales of restricted stock in a company like LIGA for at least one year from the date of issuance.

Mr. Simons stated, “Our primary goals have been clear; to build a high growth, profitable company and ensure the integrity of our actions.” He added, “In our effect to attain success, we want to make certain we have our shareholders’ best interest in mind and be certain everyone is playing by the rules. If a restricted shareholder has acted improperly, we will take action to demand return of the shares to treasury or place a lien of those holdings until all questions are resolved.”

Mr. Simons concluded, “The turnaround of LIG Assets is going as planned and we expect to have additional news for our shareholders soon.”  The company refers to themselves as the “Leader in Green Assets” — focused on exclusive green, renewable energy and sustainable homes, living systems, technologies and components to be utilized in the residential and commercial real estate acquisition and development projects by LIG Assets, Inc., in association with ENERGEO Construction Solutions and Robert Plarr, as well as expansion into other sectors via acquisitions, mergers and joint venture partnerships.

It has been a great start for 2017 for LIG Assets, Inc. (OTCMKTS:LIGA) and they seem to be executing on the business plan for the year, shareholders were clued in when the company stepped up and limited the dilution in the company. Shares reacted, and have held the recent gain’s, it is now critical to see if they can hold this valuation and incorporate all they have achieved since the March rally. This is a unique business in the right place at the right time, certainly worth watching from my perspective. For continuing coverage on shares of $LIGA stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

 

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