LGBTQ Loyalty Holdings Inc (LFAP)

[PennyStockTrader2]

I see a lot of misunderstanding on how notes work on this board.

The note mentioned in the 8-K from 2/19 for the note from 2/10 is VERY LIKELY NOT being converted and sold into shares yesterday. Technically they can convert into shares at any time as mentioned in the note, BUT they are NOT allowed to SELL those shares legally for 180 days, unless the note is backed up by a registration statement which I highly doubt. Add to that, the price they would get is 60% of .03 (low from wednesday) which is .018 and there was a hellava lot of shares sold under that price yesterday implying they would not be making any money, and we know that these lenders are not dumb, they make money, and they try and make a lot of money.

While I do believe it is some other note, I have not been able to figure out exactly which one it could be, or for that matter, how they could be making much money on it, unless it is related to this MAXIM stuff I see being talked about.

as a sidenote, the mention of .04 is an interesting twist that says they never have to pay more than 4 cents, so if the stock did real well over the next 6 months, they could make out like bandits on the upside.

Its possible that a lot of selling was simply retail investors that panicked, though that seems a bit overblown as well.

I took advantage of the situation to get my lifetime avg down to .0346, but I am still not happy about what took place until I see it rebound.