LogicMark Inc (LGMK)

[StockMedic1]

Thanx. Management has no retail biometrics experience. Its bread and butter was the biometric software to government agencies. They developed a product without first test marketing it and running analysis, because had they done that, they would see that PDA biometric wireless payment adoption already existed, and everyone carries a biometric PDA around (well almost everyone). But they needed a new story, and they spent a lot of money without ant retail experience, in developing this Wocket, and when it didn't sell.....THATS RIGHT....it didn't sell, they looked for a way to offload them, so hence the WorldVentures group, which is nothing but what appears to be a little more sophisticated MLM scene a la AMWAY. Take a look at the date of their last "convention" which absolutely coincides with the huge climb to $1.40. Sure, if you whisper to 20,000 plus zombie members about the deal in which you get huge warrants and a LOT of the "investment" back from your investment, you really need to take the blinders off. In a sense it was brilliant to do a deal with a MLM firm, but on the other hand, its short lived. They would have been better going to AARP and tying the Wocket into AARP discounts. Much larger and more loyal membership. But this management team has no clue, other than being former government heads......which explains a lot.