LGBTQ Loyalty Holdings Inc (LFAP)

[Cache]

When companies like Vanguard, SPDR, or iShares create funds, the parent company owns the funds. The parent company doesn’t create a fund so that it can turn over the ownership of the fund to another company while maintaining a simple administration function for a fee. While individual funds might have their own symbol because these companies own many funds under their umbrellas, the funds belong to the parent company.

I was trying to speculate on how it will play out here, but I guess we’ll just have to wait for details. We have to remember that LFAP is MAXM’s baby, meaning it already has major institutional backing and connections. I doubt MAXM is going to all this trouble to create this fund just to turn over its ownership to another company and become a mere administrator of the fund for a fee. I think the fund will stay under LFAP since there are no other funds currently under LFAP that would necessitate the LGBT fund to require its own symbol. That’s just my opinion, though. It could also turn into a spinoff situation. We will just have to wait for the company to release details. No matter how we slice it, though, there is going to be a lot of money to be made.