ZAGG Incorporated (ZAGG)

[southacresdave]

VV......I love the company and their plan, but I agree with you on two points.

1. They did discuss the "certainty" of the loan being repaid on the last CC Call. I highly doubt Brighton is going to make good on this no matter what Zagg says. I take what RP said about it all with a grain of salt as I've seen many larger companies where the CEO promises things on the CC call and they never happen. I care less about the loan being repaid than the empty promises I think this is going to end up being.

2. On the last interview he did a few weeks ago RP stated that the company passes all requirements for listing on the Nasdaq other than the $4 share price. Uh, that would be wrong. One thing that is REQUIRED is the majority of the Board of Directors needs to be INDEPENDENT (i.e. not an officer of the company). Zagg in 2008 only had TWO people on the BOD (CEO and CFO). That was a complete and utter joke. They added a third this year that is truly independent. They need at least two more before they could even submit an application for listing.

There is a fine line between excitement about a growing company and wanting to get the news out versus the hype OTC companies often generate to draw in unsuspecting investors. I don't think ZAGG is the latter (or else I'd be selling immediately), but I think RP skirts a fine line sometimes in his enthusiasm.

Dave