Branded Legacy Inc (BLEG)

[justhefax]

Well issuing 60mm free trading was a less than transparent act. It was easy to see that more shares were out, but no notice of how many, when or any detail until after the fact.

My concern - and it remains - is that mgt needs to be clear and 100% upfront with such news- in time for holders to evaluate.

If they publicly released that they were issuing 60 mm shares in advance a number of GOOD holders would have perhaps parked / sold and be in a better position to reenter.

What happened is not only were shareholders informed after the act, but did not respond to queries on where the shares and selling were coming from over the last months.

Clearly this was material.

And so not only did the debt/note holder get shares at .002 when common was at .04-.06... but then took well meaning loyal VATE soldiers to the cleaner as they bought not knowing the army against them.

I bought into this and lost troops...

I still have high hopes for the company , but a more cautious eye.
In penny land ... or worse , sub penny land the story is share mgt and of course the business

All said.... the business plan is amazing, and apart from this ( major) event, they have been totally transparent and hit targets.

I'm in the bunker with you....waiting till smoke clears enough to get better picture