Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Looking at Tesla, which is the largest position in the ETF, Tesla’s 401(k) represented $633 million in assets among about 44,700 participants at the end of 2019, Dept. of Labor data show. About 32,000 participants were actively participating in the plan last year, with an average balance of about $17,000, according to figures from BrightScope, which gave a rating of “poor” to both the company’s generosity and its employee participation.
Data from the Department of Labor show that the electric car and battery manufacturer contributed $0 to the company’s 401(k) plan in 2018 and 2019. A note in the 2020 10-K annual report it filed with the Securities and Exchange Commission shows that no contributions were made last year.
Additionally, any investment options in an employer 401k plan are limited to the choices the employer offers. These generally include a wide enough range of mutual funds, from very conservative to very aggressive funds, to satisfy most investors. Even if an employer offered a self-directed option where you can manage all or a portion of your funds on your own, I doubt LGBT would be an individual stock offered by any company.
Even if it were, if you worked at TESLA, would you be inclined to invest in TESLA or LGBT?
While Amazon has a 401k plan, can’t 100% vest until after three years from joining the plan. With 150% annual turnover, vesting is nothing more than a dream for most employees there.
Since most company 401k’s are managed by outside brokerage companies, you would have to convince those companies to pick LGBT. Probably not going to happen.
what analysis leads you to this conclusion?
with the marketing campaign underway, lgbt shares are flying off the shelf. 36 have been snapped up so far.
i never said it was required. my comment was in response to why don't these companies include the etf as an investment choice in their company 401k plans.
and your last sentence kind of supports the comment i made that some of these companies may not even know they are part of the etf.
problem is, these companies did not solicit bobby to be a part of his etf. they were chosen by bobby because of some general statement of their support for the lgbtq community.
it's not beyond the realm of possibility some of these companies have no clue they are part of an lgbtq supportive etf.
yeah, looks nice when the box is opened but when you start poking around in it, it's a gooey mess.
so, do you think bobby just found out about this? maybe that's why the marketing campaign lagged pride month by a month.
hopefully, unlike the sand, lfap won't end up at the bottom
yes, and this was announced 2 1/2 weeks ago. no direct positive impact on lfap - yet.
i don't disagree they are advocates, i just don't think their "support" correlates to an increase in pps for lfap.
not really a thematic index.
the rationale for the companies which make up the etf was that they were screened to support lgbtq or esg positions.
a true thematic etf would be composed of companies which would receive the majority of their income from the "theme" represented by the etf.
looking at the top 20 constituents of this etf, does anybody here really think they receive any significant portion of their income from the lgbtq community?
that's the real problem here. the breakeven point for this etf is around $50 million in aum. we're probably not even close to that else there would have been no need to propose a 220 million share dilution.
the fact the constituents of this etf have historically beaten the market may or may not have anything to do with the fact they "support" lgbtq and esg positions. anybody have any clue how this index of companies might perform if there were no public pronouncements of "supporting" lgbtq and esg positions?
probably the type of question which can not really be answered but unless/until there is some direct linkage between these companies, the etf, our stock and the lgbtq and esg communities, don't see any type of outsized performance for lfap.
will be interesting to see how the august marketing campaign addresses this matter.
a cannabis etf is composed of companies directly related to and receiving their income from weed or weed related products. just because somebody buying/driving a tesla and drinking a coke while smoking weed doesn't make tesla and coke a meaningful cannabis etf component.
not able to locate any reference in the s1 regarding ghs loc. would you please reference a page. also can find no reference in the s1 about ANY potential issuance of stock to ghs. again, would you please reference a page.
lastly you said you spoke to bobby and he answered right away.
what were your questions and what were his answers?
tia
again, what was it you asked bobby and what did he say?
actually the prospectus states it is a "proposed" maximum utilized solely for the purpose of calculating the registration fee and it was based on the july 16 closing price.
since lfap will apparently not have much to report, it should be an easy audit.
getting on the qb is something achievable. only need a stock price of ONE CENT! we currently have about an 80% pad with a potential 2 cent floor based on the prospectus.
lfap may be an atm machine but the play will be in pennies between 5 and 10 cents, not quarters or more for quite some time.
yeah, with 220 million shares being offered at $0.02/share, have a hard time seeing how this will get back to $0.25 any time soon much less the $4.00 needed for uplist to the nasdaq.
can see no restrictions on the buyers of this offering being required to hold for any specified period of time. so, your concern about a pump and dump would seem to be well placed.
might be a lot of opportunity to play swings between a nickel and a dime but see this falling back after the dump with no real opportunity for gains which can be held until there is some concrete information re: aum.
what did you ask him and what did he say?
with 220 million shares being ready for listing and sale, float is probably NOT locked. AND, if marketing campaign starts a week from monday with $10 million loc, why the need to go to market with this share offering?
yeah, we'll lol all the way to the bank, dude
maybe, but doesn't address the question of how much AUM is there and what is the projection of $$$$$ to lfap in the next 6-12 months.
not exactly a vote of confidence of what's to come by selling 220 million at .02 to get around $4 million for the next fiscal year.
guessing bobby not thinking the august pr push will do much for lfap given this filing.
while possibly no more than necessary boilerplate language, this doesn't provide much hope of $$$$$ to lfap in the near future:
The failure by our management to apply these funds effectively could harm our business. Pending their use, we may invest the net proceeds from this offering in short-term, investment-grade, interest-bearing securities. These investments may not yield a favorable return to our stockholders. If we do not invest or apply the net proceeds from this offering in ways that enhance stockholder value, we may fail to achieve expected financial results, which could cause our stock price to decline.
and this doesn't exactly provide a lot of assurances:
The Company anticipates that the estimated [$ ] gross proceeds from the offering would enable it for debt reduction, acquisitions and working capital, and fund its other capital needs for the next fiscal year. In the event that the offering is not completed, the Company will likely be required to seek additional financing as the Company needs a minimum of approximately [$ ] in gross proceeds to implement its business plan and support its operations over the next twelve months. There can be no assurance that additional financing will be available when needed, and, if available, that it will be on terms acceptable to the Company.
hardly makes your point:
********************
We anticipate that the net proceeds of the Offering will be used primarily to execute our business plan as follows: [$ ] for general working capital, and [$ ] remaining in cash reserves. Additionally, proceeds will be used for paying other general and administrative expenses associated with this offering, and paying general and administrative expenses associated with being a public company, such as accounting, auditing, transfer agent, EDGAR filing, and legal expenses. In the event that we sell less than the maximum shares offered in the Offering, our first priority is to pay fees associated with registration of our stock and general working capital. The following table summarizes how we anticipate using the gross proceeds of the Offering, depending upon whether we sell 100%, 75%, 50%, or 25% of the shares being offered in the Offering:
********************
this seems to be additional proof the aum is nowhere near being enough to flow $$$$$ down to lfap.
selling 220 million at $0.02/share is not going to get to a $4.00 nasdaq minimum for listing.
why do this if a marketing blitz is going to rocket this stock within 2-4 weeks?
why do you think this is significant re: lfap stock price appreciation?
why be oblivious and not be informed? that seems to be the better question.
the prospectus suggests the company will only redeem shares of stock which have been accumulated in 25,000 shares blocks which they have called a creation unit. the prospectus also stated the anticipated price of a creation unit would be at least $1 million. That suggests a single share would be worth around $40. lgbt hasn't come close to that number since launch.
nav is calculated at the end of each trading day. why has there been no indication of the nav for the stock?
while i understand that lgbt may trade at, above or below nav, it would be nice to know what that number is. why no information if it is a number calculated at the end of each trading day.
for lfap to be uplisted on nasdaq, the price has to be around 200x higher than it is now and in order to get there, the etf has to have significant aum. right now, that's just a guess and amounts to bowling in the dark.
i'm happy for you that you are patient. however, i would like to be informed while being patient. whistling in the dark might make one feel better walking past the cemetery but i would prefer to have some light cast on things.
pride month was to be a catalyst. didn't do much for our stock on any enduring basis. now it's the august rollout of some undefined pr campaign. what if that is as successful as june, wait until the fall?
information is king and we have had very little. that's all i'm saying.
the choir gets it and clearly understands the relationship between aum and $$$ to lfap.
no evidence the publicity given/planned for the etf will show direct/immediate linkage to lfap.
that's been/is the problem.
unless aum is publicized and is also significant, this may be a long wait.
if bobby gets the ok from nasdaq, it will be for lgbt not lflop. it's the lack of direct public linkage between these two that is keeping this stock on the floor. kind of hard to play the swings with moves of thousandths of a cent or ten thousandths of a cent.
and pride week was to be the be all and end all. not much happened. need to actually see something concrete. the downflow to lfap is AUM. until there is some actual reporting on that can't see this doing much.
any guess as to whether this is a premium or discount to NAV?
well, if the following is the PR you reference, i'll count for you the number of times LFAP is mentioned: ONCE
Learn more about the new LGBT ETF and hear from Board members Martina Navratilova, Billy Bean and Barney Frank about future company initiatives
WEST HOLLYWOOD, Calif., June 18, 2021 (GLOBE NEWSWIRE) -- In celebration of Pride Month, LGBTQ Loyalty Holdings, Inc. (OTC PINK: LFAP ("LGBTQ Loyalty" or “the Company''), a diversity- and inclusion-driven financial methodology and data company, announces through its wholly owned subsidiary, Loyalty Preference Index, Inc., that it will host the LGBTQ Loyalty, Pride Webinar on Friday, June 25 at 12 p.m. ET to discuss the Company’s LGBTQ100 ESG Index performance over the past 18-months and the Sponsored launch of our LGBTQ + ESG100 ETF listed on May 18, 2021 on NASDAQ with the trading symbol “LGBT.”
The webinar will feature members of the LGBTQ Loyalty board of directors including Martina Navratilova, Billy Bean, Orlando Reece, Bobby Blair, Robert Tull, Larry Roan and Barney Frank who will share their personal journeys and what drives their support and passion for advancing equality in the LGBTQ community. Additionally, LGBTQ Loyalty executives will discuss the forward-looking vision of the Company this year and beyond.
“This month’s webinar will focus on bringing together our board members, passionate partners and lead investors to share the vision for LGBTQ Loyalty Holdings, Inc. The opportunity to share our vision with our shareholders, supporters and the media will be very special. Our collective efforts towards building an LGBTQ financial institution that provides financial products and services that serve the principles and core values of our community members and our allies is our passion and goal,” said Bobby Blair, CEO of LGBTQ Loyalty Holdings.
The event will be moderated by Deborah Fuhr, Founder of ETFGI and Co-Founder of ETF TV and Women in ETFs.
“Companies that embrace and support diversity tend to deliver better performance for their employees, customers, communities and shareholders,” said Fuhr.
Additional participants include members of Fuzzy Logix, the index analyst and provider for the LGBTQ100 ESG Index; GHS Investments, LLC, who recently is in an investor and provided LGBTQ Loyalty with up to $10 million in financing; and Procure AM, the fund advisor for the LGBTQ+ ESG 100 ETF.
"This webinar is a wonderful opportunity for our team at LGBTQ Loyalty Holdings Inc. to share our vision that created the LGBTQ100 ESG Index and how determination and perseverance allowed us to launch the historic LGBTQ + ESG100 ETF last month. We anxiously look forward to introducing our financial products and services to the financial community,” said Billy Bean, board member of LGBTQ Loyalty Holdings.
The webinar is open to the public and shareholders are encouraged to attend. To register for the event, visit: LGBTQ100.com/Pride.
LGBTQ Loyalty’s presence this Pride Month also extends as an onsite event Pride sponsor in Fort Lauderdale, Florida. The Company is excited to be an official sponsor for the Stonewall Pride Parade & Street Festival on Saturday, June 19 in the Ft. Lauderdale area.
didn't they enter into a securities purchase agreement as opposed to extending a line of credit?
i read the whole pr and there was only a passing mention of lfap.
"discussing the forward-looking vision of the Company this year and beyond" makes no mention of lfap.
again, the vision seems to be launching additional etfs with no DIRECT mention of how that benefits LFAP stockholders.
those of us in LFAP may understand what's going on, but preaching to the choir is not bringing in new congregants.
that's great that bobby tweets about "everything $lfap to be discussed". seems a big miss that wasn't mentioned in the webinar pr.
any why not? if lfap's cash flow is determined by aum, where do those aum's originate? it's not with the amount of lfap stock traded or the pps of lfap.
isn't there a direct correlation between aum and lfap's "revenue"?
as predicted, a passing mention of lfap only.
not sure how you come to the conclusion this is the "first time the entire BOD will be at one event promoting LFAP".
the webinar blurb says the BOD will be discussing their personal experiences and the promotion will be for the ETF.
again, don't believe this will drive any significant buying of lfap.
while any mention is good, there is no connecting of the dots between the etf and lfap.
not sure why you think a realistic assessment of the short term prospects of this stock (until there is some definitive statement of aum) is doubting my investment.
most investors want to value a stock based on capping cashflow. unless and until that metric is flushed out, i don't believe there will be much short term prospect for explosive growth.
if the management team can pull in the assets they have "promised" or "projected", that will be the time for explosive growth.
guess if one is satisfied with a few pennies of price appreciation then maybe it can be realized sometime in the near term. however, with pride month more than half over and a less than a stellar reception for lgbt stock and no benefit to lfap, it just seems likely this will take longer than first anticipated.
ralph kramden might have been able to send alice to the moon but as of now i don't see any ralph kramden in sight who can launch this into orbit.
the problem is that when/if bobby rings the bell, it will be for the etf, not lfap.
without something more than a passing mention (like how much aum is being controlled) the hype will more likely accrue to the etf, not lfap.
in this case, flying under the radar is not a good thing.
"problem" is that the etf is being promoted with just a passing comment about lfap.
with no real mention regarding how lfap benefits from the etf, don't see much happening here unless and until there is some type of announcement regarding aum.
at this point, nobody knows whether it is $3 million, $30 million, $300 million or $3 billion.
that is what determines the cashflow for lfap and until there is a handle on that can't see any explosive growth much less a return to the high single digits or teens.
disappointing the way this has NOT been promoted.
one would think aum would be a bragging point unless there is nothing about which to brag.
while a stated use of the funds was to retire what you refer to as "future 'outstanding toxics'", what would prevent the holder from converting when faced with the possibility of early payment?
if converted, wouldn't that just transfer some of the authorized but not issue stock to outstanding thereby diluting shares?
yeah, we're saving so much money buying at these prices we risk going broke.