Luvu Brands Inc. (LUVU)

[Traderfan]

From the 10Q just filed


NOTE 18. SUBSEQUENT EVENTS

Subsequent to the period covered by this report, on November 14, 2016, the Company sold 2,000,000 shares of restricted common stock to the Company’s President and CEO, Louis Friedman, for $100,000. We relied upon the exemption from registration as set forth in Section 4(a)(2) of the Securities Act of 1933, as amended, for the issuance of these securities as the transaction was by the issuer and did not involve any public offering