LiveToBeHappy Inc (OTCMKTS:CAVR) is a community home builder and a land developer with a differentiating tech marketing platform. It recently announced several actions taken by the company’s BoD to accelerate its uplisting to the OTCQB, which will help further its transformation strategy. Some of these include;
Approving an increase in common shares (authorized) from around 1.5 billion to about 2.35 billion to ensure there’s adequate coverage of convertible rights, options, and warrants already exist. Also, to make certain coverage of the restricted shares are issued with the close of transactions involving companies currently under LOI (Letter of Intent).
Approving the conversion of around 400,000,000 common shares controlled by the Chief Operating Officer, Russ Sinacori, and the Executive Chairman, Bob Silver. LiveToBeHappy’s Chief Executive Officer, Kevin Vincent Cox, said that they were happy to advance their business transformation strategy and claimed that they were taking the final steps forward to ultimately uplist the company’s stock to OTCQB. He said that by shifting some of the preferred shares their executives own, they’d be able to limit their common shares increases.
Market Reaction:
On Wednesday, CAVR stock surged 8% at $0.4380 with more than 7.93 million shares, compared to its average volume of 994k shares. The stock has moved within a range of $0.0415 – 0.0550 after opening the trade at $0.0420.
