Branded Legacy Inc (BLEG)

[justhefax]

Zag

agree - the current co has watched (or participated) in the trashing of structure....old vcor sat for years and at lowest was about ,002....

In the transfer the reported float doubled to 500mm and the os to 1.1 bil (again more than doubling)

This seemed fine to me as we now had a 'real' business...and saw easily a cap of 3-5 foundaton with lots of upside...

Looking at the trading - something occurred in Feb/Mar where a torrent of shares came out. Where from is the BIG question. We have traded beyond any scope of the reported float (unless massive shorts) and with a dumping vehemence that suggests ownership at values below any formerly held.

Even if you consider past holders and mgt bailing....why at these levels and all at a time...not likley 100+ shareholders are on same plan....and not for so long and determination.

Unreported shorts? Mgt issues w/o notice? Past holders restricted and now walking away? Along with mm'ers flippiing and playing moves?

The year end will not show any of this - so we will be waiting for some time to see the actuals.
There are no reported filings, and mgt has indicated it is not 'dumping' or otherwsie cutting its own throat selling shares at these levels....

be interesting to see how plays out when all cards on table...

I believe in the business....but jury is out on equity mgt....