LGBTQ Loyalty Holdings Inc (LFAP)

[justthefactsmam]

the shares being purchased on the market of lgbt are shares which have been broken out of a "creation unit" which was redeemed. my understanding was each creation unit was to consist of 25,000 shares and that each creation unit was to sell for something in the neighborhood of $1 million.

$1million divided by 25k shares suggests an individual share price of $40 what is significantly higher than what an individual share of lgbt is fetching right now.

understand that net asset value is a constantly moving target, but the market around the time the etf was being put together as well as the time it was launched wouldn't seem to support a 40% discount which is why i have been wondering out loud why there has been no publicity around the number of creation units sold when the etf was launched.

seems it may not have gotten the initial support anticipated.

guess we will just have to wait and see.