Replies to post #16922 on LGBTQ Loyalty Holdings Inc (LFAP)

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Uhhh,,,because they need an authorized participant....



I COULD DO THE SAME WITH HEDGE FUND.

The process begins when a prospective ETF manager (known as a sponsor) files a plan with the U.S. Securities and Exchange Commission to create an ETF. Once the plan is approved, the sponsor forms an agreement with an authorized participant, generally a market maker, specialist or large institutional investor, who is empowered to create or redeem ETF shares. (In some cases, the authorized participant and the sponsor are the same.)

The authorized participant borrows stock shares, often from a pension fund, places those shares in a trust and uses them to form ETF creation units. These are bundles of stock varying from 10,000 to 600,000 shares, but 50,000 shares is what's commonly designated as one creation unit of a given ETF. Then, the trust provides shares of the ETF, which are legal claims on the shares held in the trust (the ETFs represent tiny slivers of the creation units), to the authorized participant. Because this transaction is an in-kind trade — that is, securities are traded for securities—there are no tax implications. Once the authorized participant receives the ETF shares, they are sold to the public on the open market just like stock shares.

[$$$MADE]

,,,,,,,In otherwords, LFAP GAVE AWAY HALF the company...For this elaborate scheme!!!! TURNED AROUND AND DILUTED ALL ITS COMMONS TO DEATH WITH THIS NEW 1B AUTHORIZED PER LAST WEEK'S (DEF 14C) FILING. SO WHAT DO YOU GET OUT OF THE DEAL???? BOBBY AND INSIDERS GET MILLIONS IN (SALARY SEE 10Q) WITH MAXM CONVERTING LIKE CRAZY!

BECAUSE MAXM DID NOT BUY HALF THE COMPANY.
DID THEY???


HELL NO,
BECAUSE LFAP HAS
• NO REVENUE
• NO ASSETS
• NO EMPLOYEES
• NO ANYTHING
JUST A NEW FRESH ROUND OF 1BILLION SHARES FOR DUMPING TO TAKE CARE OF
THE MILLION PLUS IN LIABILITIES LOL!!!!!!!! AND THIS WORTHLESS
PIECE OF PAPER "AGREEMENT" BOBBY'S SELLING TO THE PUBLIC.
WE SAW THE SAME MPM% THEN THE COMPANY WENT BANKRUPT LOSING INVESTORS
OVER $15M NOW LFAP IS NEW SCAM! LOL


ANY MARKET MAKER WOULD GLADLY DO THIS DEAL! FOR 49%
WHY DO YOU THINK THE AUTHORIZED RAISED TO 1 BILLION SHARES!!!
DO THE MATH @.10 SO SORRY FOR ANYONE CAUGHT IN THIS PAID PROMO.
HIT THAT ASK! AND WHEN BOBBY CLOSES DEAL. "OPEN SESAME!!!"

The process begins when a prospective ETF manager (known as a sponsor) files a plan with the U.S. Securities and Exchange Commission to create an ETF. Once the plan is approved, the sponsor forms an agreement with an authorized participant, generally a market maker, specialist or large institutional investor, who is empowered to create or redeem ETF shares. (In some cases, the authorized participant and the sponsor are the same.)

The authorized participant borrows stock shares, often from a pension fund, places those shares in a trust and uses them to form ETF creation units. These are bundles of stock varying from 10,000 to 600,000 shares, but 50,000 shares is what's commonly designated as one creation unit of a given ETF. Then, the trust provides shares of the ETF, which are legal claims on the shares held in the trust (the ETFs represent tiny slivers of the creation units), to the authorized participant. Because this transaction is an in-kind trade — that is, securities are traded for securities—there are no tax implications. Once the authorized participant receives the ETF shares, they are sold to the public on the open market just like stock shares.