Life On Earth Inc (fka LFER)

[Chris T]

Given the size of their positions and the slight increase of the I/O, my guess is that it's probably a combo of both. Between just these two individuals from the Cicero Transact group (Michael Woloshin and Joseph Abrams) - they already own about 15% of the total I/O so far. These types don't work in isolation, in my opinion, and it's usually part of a bigger deal or plan. Look at the string of recent announcements including their recent plans to acquire SmartAxiom and you can start to see something potentially big developing. Bottom line is that these very accredited individuals paid cash for their stakes (unlike the usual suspects in the OTC penny land that are just gifted shares for breathing) and I seriously doubt they're bothering to even be involved to simply "flip" this for pennies. Based on their other two known involvements (i.e. deals) - AEYE and TRCH both of which were on the OTC and trading at similar prices to LFER and where those two companies are currently trading.....you get the idea that they want to take this much much higher to even bother being involved.