(repost) If Maxim were in it for a short term flip, they would have offered him a convertible debt deal, like they do with many other companies. That’s how you make money off of penny stock without actually having Affiliate ownership in it... they would be able to convert small chunks at a time to not go over the affiliate threshold, allowing them to dump unabated... while having downside protections, which they don’t have being part owner
Not only are their shares restricted, they are also labeled as an “affiliate” now, which limits how much they can sell per quarter... For them to make any money off the stock by the time their shares are unrestricted, they have to build this into something.
If these HIGHLY SKILLED financial gurus don’t build this stock into something over the next several months, it will be back to subpennies and Maxim will never make money here. All this effort negotiating, writing long 8ks, paying for attorneys, etc will be nothing but a big waste of time.
What seems logical? Are we just going to ignore the elephants in the room? ______________
Maxim is an Affiliate, not a debt holder (big difference), so they are restricted on how much/fast that can sell after the restriction period passes.
Trading Volume Formula. If you are an affiliate, the number of equity securities you may sell during any three-month period cannot exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing of a notice of sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.
The LGBT Loyalty (ETF) Index Fund is expected to be the first “preference” index fund to survey a representative group of the LGBT community to determine which companies within the S&P 500 best support and are supported by the LGBT community. We are also in development of a LGBT Advertising Agency and a LGBT Media Distribution Network to assist businesses and brands in the creation and distribution of specific content targeting the highly desired spending power of the LGBT consumer. The LGBT demographic is proven itself to be a fiercely loyal consumer group to supporting companies and their brands. In addition, the company is in the development of a LGBT Approved business model designed for businesses to promote and showcase their support for the LGBT community.
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