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Thursday, February 28, 2013 7:31:04 PM
Financials would be in the deep red and will look even worst until sales can gain traction. Don't see that happening any time soon with just 6 employees.
Money wise, startups do not have much capital. Since Weed sold 500K shares at $0.15 (per Form 4 filing), this should net him about $75,000. My guess, and only a guess, is that some of this money will be lend back to the company as a convertible at current market prices with a clause at lower prices if market continues to fall. This means he gets 1,000,000 shares based on current levels upon conversion. Weed is the corporate secretary, so he must follow all insider trading rules. Both Rules 144 and 16b applies.
According to the same Form 4, Weed still holds 2,170,000 shares following the reported transaction. This would mean he can sell FOUR MORE BLOCKS of 500,000 shares to help fund LVVV (assuming he did or wanting to in future).
It will be interesting how 6 people working for a deep red company can make things work out for everyone (including shareholders).
Still on the side lines watching how this quarterly pans out. If it goes up based on great things happening, then there is nothing wrong with buying high to sell higher. Profit is profit.
That said, if stock crashes because of stupidity, then forget it. Stock will just go down down and down with a few dead cat bounces along the way to zero.
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