Huh? Is this your first penny stock investment? Penny CEOs have been spinning off new companies as a PUMP for a long long long time!! It is NOTHING new!! I think from his video he thought the pps would rocket after this announcement. But the pps is down. WHY??? Well first, once again, Greg's massive ego gets in the way of setting expectations higher than they are. And 2, he gave no date, no revenue projections, no current revenue, etc etc etc etc.
Ok, I will admit that Spoofem is a real product with revenue (no idea how much or if profitable) so it's not a fantasy spinoff like many on OTC. However, we already own Spoofem so this nonsense I see posted "Greg gave us free shares" is nonsense. WE OWN SPOOFEM NOW!!! HE HAS TO GIVE US SHARES!!!
The problem is NOT shorts. Greg refuses to disclose the makeup of the 270 million free floating shares. Do you think we all owned those shares on day 1? No, I'll bet my right you know what that Greg has been selling LIGATT owned shares as he refuses to answer whether part of the float is LIGATT shares (which are different than the "restricted" PERSONAL owned shares by CEO and employees and those given for acquisitions).
Think about it. If I was an MM and wanted to short LGTT wouldn't I spike it up first for a better and easier short? SO why on Wednesday was there a wall at .006 every time somebody bought at the ASK? That trading behaviour is more in line with somebody dumping huge amounts of shares. Again, who originally opwned the 270 million free float shares and do they still own some? That is the answer we should DEMAND from Greg!!
