LFC Q2 2026: Going Concern Persists, New Convertible Note Adds Dilution Risk
BOTY has more than doubled off its 52-week low of $0.01 on light trading volume (0.1× avg).
Summary
LFC's Q2 2026 filing confirms ongoing financial distress with a going concern warning, defaulted debt, and continued issuance of toxic convertible notes with warrants that could massively dilute shareholders.
Key Events · Earnings and Guidance · BOTY
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Going Concern Warning Reiterated
Management states substantial doubt about the company's ability to continue as a going concern due to nominal revenues, sustained operating losses, and dependence on additional capital.
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Defaulted Debt Totals $1.5 Million
As of June 30, 2026, the company has $340,000 in promissory notes and $1,189,196 in convertible notes in default, with accrued interest of $1,284,928.
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New Toxic Convertible Note Issued
On July 27, 2026, the company issued a $37,000 convertible note to Auctus Fund with warrants to purchase 528,571 shares at $0.07 per share, convertible at 60% of the lowest traded price.
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Massive Potential Dilution
Convertible notes and warrants could add 21,176,949 shares, over 11 times the current 1,912,936 shares outstanding, if fully converted or exercised.
Analysis · BOTY · Trade & Services
Lingerie Fighting Championships remains in severe financial distress. The company has a going concern warning, $5.9 million in current liabilities against only $19,328 in cash, and $1.5 million in defaulted notes. The quarter shows a net loss of $281,355, though the six-month period swung to a net income of $157,926 solely due to a non-cash gain from derivative liability remeasurement. The company continues to issue deeply discounted convertible notes with warrants, most recently a $37,000 note on July 27, 2026 that includes warrants for over 1 million shares at $0.07, adding significant potential dilution. The stock trades at $0.06788, near the warrant exercise price, making further dilution likely.
How filings like this one have moved
In the 30 days to Oct 4, 2026, 36.7% of the 1012 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.64%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BOTY was trading at $0.07 on OTC in the Trade & Services sector, with a market capitalization of approximately $129.9K. The 52-week trading range was $0.01 to $3.00. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.