In recent months much has been made of the notion that Bob Gruder's "cronies" or "peeps" have been selling their shares, causing the decline in the LCLP stock price. However we know from the 8K filed on 8/31/16 that the Board appointed Stuart Posner, Wayne Thomas and Dr. Charles Adelson to the Board. At that time the three were each awarded stocks, 250,000 of which vested immediately, while the remainder of which would vest each 90 days thereafter. So immediately each of them had 250,000 shares which they were free to sell. Yet we see from Item 12 of the 10-K/A annual report filed on 10/17/16 that all three men still owned all of their vested shares as of 10/14/16. The remainder of the shares awarded to the three men have not yet vested, and therefore can not yet be sold. So that can not be the cause of the pps decline through 10/14/16.
It should also be noted that LCLP closed at .098 on 10/14/16, while the three "cronies" still held their shares. It closed yesterday at .11, so the pps has risen since 10/14/16.
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