Sure.
First purchased in 2010 when Jim told investors they could expect some revenue in 2010 and “meaningful revenue “ in 2011. Never materialized. As they touted partnerships with with CUNY, Alabama, Arizona, and Colorado I attempted via FOIA requests to get information on the results, after all they are publicly funded institutions and information should accordingly be shared with the public. But I was stonewalled at every step, IMO, by Tom and Jim, as the Universities initially indicated a willingness to provide the information. These partnerships gradually faded away with nothing of substance coming from them. The professor from Colorado even went out on his own. Then there was the much touted large system supplier that ultimately ended it’s relationship with LWLG. And of course let’s not forget their only sale of material to BNS for I believe $23,000. No follow up order. Tom’s investor presentations and radio spots were a smashing success ??, as he said they would be. Then there was Charles - the touted savior who left a year later.
Okay, enough, you get the picture. I eventually sold on one of the pops and recovered most of my investment. But I can never accept how Tom and Jim have misled investors. I’ve heard so much about Lebby and read all the PR’s, but as I said earlier, they are still very much running this company and their preferred method of financing, LPC, remains in place, to the detriment of retail investors.
Thanks for asking.
