Replies to post #33783 on iBrands Corp. (IBRC)

[surfkast]

Ogburn is also a Managing Partner of Lightwave Capital LLC. In the third quarter of 2016, Lightwave owned over 10B shares of iBrands stock. 5 billion of those shares were transferred to another member of management, leaving Lightwave with a little over 5B. Now Lightwave, under the direction of Ogburn, will be retiring 4.5 Billion of those shares or roughly 30% of the issued and outstanding. "5% of something huge, to me, is bigger than 70% of something small," Ogburn states.