InvestorsHub Logo
Followers 5
Posts 1723
Boards Moderated 0
Alias Born 06/02/2009

Re: None

Tuesday, 11/23/2010 9:50:50 PM

Tuesday, November 23, 2010 9:50:50 PM

Post# of 38585
FROM TROY


Dear Investors and Interested Parties,

I am responding to today’s reaction from the market with disappointment as are all of us. However, I am hopeful. I believe whole-heartedly, and our Board of Directors agrees, that today’s decision was the right and best long-term decision for our company and its shareholders.

Our split was incomparable to massive reverse-splits where companies try to maintain their listing requirements with a 1 for 100 or larger reverse-split, which results in a 10,000% or greater reduction in investor shares. Whereas in our case, our 3 for 5 reverse (5 shares for 3 shares) is an incredibly more mild reduction of only 40%, which isn’t even significant enough to bring us back to pre-forward-split levels of a year ago, which is precisely what I spoke about on the webinar and in my recent shareholder letter.

It seems that the market wants us to stay a penny-stock forever. I believe now is the time for us to put our stake in the sand and refuse.

Today’s result lowered our market-cap by about 70% (post-split). If people really are investing on fundamentals for the long-term, wouldn’t a lower-price of a good company be a good thing? From my point of view, either people responded to fear and made a bad decision to sell on emotion or they chose to sell because they were never interested in a long position in the first place.

I would encourage you and all investors to stay focused on our improving fundamentals and your normal investment criteria. As a result of today’s selloff, the current price is 70% better for anyone who believes in our future.

I do feel badly regarding how the market swings. I feel the pain some of our investors have shared with me about their losses, as well as our employees are hold shares. What a tragedy! But you should know that approximately 75% of all trading in the past 3 days has either been short-selling or short-covering. I have a spreadsheet to prove it for anyone that wants to see. So, it’s important to understand this so that you can properly realize that half of today’s retail trading (1/2 of 25%) represents only about $110,000 in trading activity. Should that much trading change our market-cap by a factor of $15 million dollars or more?

I’ll make you all this promise. If we don’t produce stellar results for the quarter ending December 31, 2010, I promise to reduce my common stock ownership by 50,000,000 shares, just as I did for the 100,000,000 common shares I put back into the company treasuring on August 27, 2010. To see that filing, go to: http://www.sec.gov/Archives/edgar/data/13055/000107878210002059/xslF345X03/primary_doc.xml

This commitment to our shareholders represents 100% of my stock compensation for more than 2 years and I am not currently receiving a salary. In fact, if we don’t post the stellar results, I’ll even trade-in all my Series D shares for a performance based stock compensation plan. I believe more passionately in our company than ever and refuse to allow those who wish to spread fear steal from those who have put their trust in me. Our future looks very bright financially speaking, even if you ignore the impact we will make to this lost generation through our life-changing games.


Sincerely,

Troy Lyndon / CEO / Left Behind Games Inc.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.