Replies to post #10319 on LGBTQ Loyalty Holdings Inc (LFAP)

[rstar]

yes that was in the SC-13D as well as the 8k- MAXM took a 49.9% stake and was issued ~121M restricted shares.https://www.otcmarkets.com/filing/html?id=13195383&guid=s8OtUHlLxdrlPth

what is really amazing is that the float remains 16M!!!


$LFAP!

[Rory2]

Nice try that is added because of Maxim getting their restricted shares. Learn to read. Also if you look below the restricted amount you would see the unrestricted amount of 16m that were left to trade. I would practice more or proof read before I posted again. Maybe you and your buddies should take a class from the fraud board.

[User-65225]

You think it was a bad idea to do this deal with Maxim? They should have kept the OS lower and remained a worthless penny forever?

Is it logical to make a big stink about the dilution (restricted stock), when everybody that has read the Maxim filings can easily see what it’s being used for?

Companies go public for the sole reason of using their equity to fund a business plan. A savvy investor doesn’t judge a company based on if they need to dilute, they look at what the dilution is being used for and achieving... Again, should they have not done this deal, which dramatically improved every aspect of this company?

If dilution achieves greater growth that the value of the shares issued, is that good for investors, or bad?