Selling pressure returns. People not buying the whole S-1 filing for a potential uplist to Nasdaq...me being one of them. It's more about issuing more shares to run a business that he just may not be good at doing. I don't see ever where he mentions a team or additional help in making it a sound business.
That's the part I don't like about Gruder...he's a loner and slimy....paints rainbows and unicorns and hires stock promoters through shares. The timing of the conference call and the optimistic theme was all in an effort to support all the selling that's been going on since. I'll give him credit on the conference call by addressing questions that were submitted and all the efforts being made on driving sales for the Mobeego battery. BUT like I said before, show me the revenue.
Right now, it's very obvious no one is buying into LCLP ....literally and figuratively. Maybe it has something to do with his previous start-up attempts and poor outcomes. Maybe he's got it right this time, but the investment community begs to differ. with all the news, this should have been above a buck, instead it has no legs and slowly drops more.
