ZAGG Incorporated (ZAGG)

[drolismith]

Form 8-K for ZAGG INC

10-Jul-2009

Other Events


Item 8.01 Other Events

As part of a charitable, estate and strategic partnership plan, Robert G. Pedersen II beneficially sold 800,000 restricted shares of ZAGG Incorporated common stock at a market premium of $8.00 per share to a strategic investor, which included an additional 230,769 warrants from Mr. Pedersen.

Some may want to think about the upcoming announcement of some new item/technology that will be announced at the upcoming earnings call. Additionally something is going on which influenced someone to come in and spend 6.4 x 10-6th bucks and and another 230k warrants. They saw this as an 8+ buck stock. Don't know what it is but we know there are about six new products in the pipeline. I agree that so far appspace has been a disappointment. If these other products are as good ad zbuds and the shields then we will have good second half of year. Price at 6.2 is a bargain now and should be grabbed. I see alot of the price atrophy in relation to RP actually taking some time off with family. You typically see when he is out on the road things happen. This will likely be the case in the next week leading up to the call. I'm in and ready for an uptick.