Wednesday, March 13, 2019 9:45:41 AM
It’s breakout time for LifeApps Brands Inc (OTCMKTS:LFAP). The company has been trying to build a brand in the LGBTQ niche, and just landed a whale of a new board member in former U.S. Congressman Barney Frank. That announcement hit on Monday, and shares of the stock certainly reacted well, launching nearly 110% higher on well more than twice the average 3-month volume.
According to the release, “Mr. Frank brings a lifelong passion for serving the LGBTQ community and will provide incredible leadership in managing our LGBTQ Loyalty (ETF) Index Traded Fund and ancillary businesses. Currently Mr. Frank serves on the board of Signature Bank. Mr. Frank served as a U.S. Congressman representing the 4th District of Massachusetts from 1981 to 2013 and was one of the first openly gay members of Congress. From 2007 to 2011, while serving as the Chairman of the House Financial Services Committee, Mr. Frank sponsored the Dodd-Frank Act, a sweeping reform of the U.S. financial industry. While in Congress, Mr. Frank worked to increase housing options for low-income individuals and has been a leading voice in opposing discrimination based on sexual orientation. From 2003 until his retirement, Mr. Frank was the leading Democrat on the House Financial Services Committee. Prior to serving in Congress, Mr. Frank spent eight years as a state Representative in Massachusetts.”
https://oracledispatch.com/2019/03/12/lifeapps-brands-inc-otcmktslfap-finds-new-ways-to-jump-its-hurdles/?am
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