Bell Buckle Holdings (BLLB)

[Doctorday]

I'll be honest, your comment with regard to your surprise at Kim picking him, makes me realize why he was chosen.

If you recall we were provided with two merger candidates. Both were revenue producing and impressive. Instead she went with a previously unnanounced option 3, Clegg, a company with no revenue or value. Testament to its worthlessness is the fact that the entire face of the merger was based on Clegg's VRL Company, which appears to essentially still just be a written document even after a half year of work.

Why was he chosen? Because the plan was for Clegg to award her a boatload of free shares, which he did and announced via either Twitter press release or both.

Essentially the merger candidate was not chosen to bring value to us, the investors, the merger candidate was selected entirely based on the plan to get a bunch of free shares into the hands of Kim. This was the only reason to purposely select the only option that was literally a start-up with nothing but a white paper...well, an upcoming white paper at that point.

And while recognizing this does suck, the fact that Kim is a shareholder too through that scheme, is the only real thing that suggests they will eventually do something to pump the price, so that she can make her money selling at a better price point. She didn't choose to merge a worthless company in for nothing. Lol

When there was wild selling pressure immediately after the appointment of Clegg as CEO, I was confused but now I see those were people that had been through this rodeo before and knew immediately what the scheme was.