Replies to post #32037 on LGBTQ Loyalty Holdings Inc (LFAP)

[Traderfan]

The stock just went from 26 cents to 5 cents. Don't you think short was the better side in the last 5 months?

[John Kent]

LFAP is not making 2X upside. That index will be dead as desert rat they will struggle to break even and will have to take out toxic loans to operate.

Maxim is a ruthless funder am sure you have seen them diluting quite a bit of otc tickers they will make their $$$ on the down side.

Index will be lucky to get $2mill AUM this whole endeavor will be hardly worth it.

It will open at an inflated price after the first week excitement it will trade worse than LFAP

$PRID has been out for over 1 year has $3mill aum. $EQLT in 5 years has 16mill AUM

These are 2 gay ETFs how will LFAP exactly outperform those 2 given how worthless the main company is?

https://etfdb.com/etf/EQLT/

https://etfdb.com/etf/PRID/

[John Kent]

You can easily answer your own question why do these lenders lend millions to defunct otc stocks that end up going to 0 and still stay in business as lenders? Because they will make more diluting the stock without having to put up capital to run it up for an exit.

$TLRY as an example took out a $300mill convertible note at when pps was $160. Do you think that lender planned to make money on the upside or downside?

Now their pps is under $30 you bet they will take it as low as possible until they bleed the company dry.

This is how the game is played.

What ever funding Maxim has given to LFAP they have made more than triple that shorting them knowing they have the large position to cover