LGBTQ Loyalty Holdings Inc (LFAP)

[PennyStockTrader2]

They got rid of 3 board members, famous people, i guess it was about time. Then something about moving in a new direction, no idea whats that all about. It might be time to finally move on I dont know yet.

http://archive.fast-edgar.com/20220923/AJ22522CZM2RRTMX222V2ZY22UTK7Z22Z242/

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements with Certain Officers



The Company is looking to move in a new direction that will be announced soon and will require specific individuals with industry experience to join the Company’s Board of Directors. The new direction does not involve a new LGBTQ ESG ETF due to market conditions at this time.

On August 25, 2022, Barney Frank and Martina Navratilova submitted their resignations as Directors of LGBTQ Loyalty Holdings, Inc. (the “Company”) with immediate effect. Additionally, on August 27, 2022, William Bean submitted his resignation as a Director of the Company with immediate effect. Mr. Frank and Mr. Bean submitted their resignations due to differences of opinion in the direction of the Company. Each of Messrs. Frank and Bean and Ms. Navratilova have offered to tender their respective shares of Common Stock back to the Company.