Replies to post #32676 on LGBTQ Loyalty Holdings Inc (LFAP)

[Snow_lyric]

Yeah someone is definitely manipulating it, but who and to what end is the puzzle.

BODs hold millions of shares as compensation for their work. Wouldn’t a higher SP be in their best interest? Or are they focused just on the cause and are too filthy rich already to care about it?

[tothe]

Something about 10Q page 10 paragraph and $0.1069 tells me retail is not above strategy toward suppressing the PPS. Insiders have positions in our float and there is nothing to stop them from adding to their positions at artificially low prices,IMO.
https://www.sec.gov/Archives/edgar/data/1510247/000121390019015799/f10q0619_lgbtqloyaltyholding.htm

Subject to earlier conversion or redemption, the Debenture is due on September 4, 2020 (the “Maturity Date”). At any time after June 4, 2019, the Debenture is convertible, in whole or in part, into shares of common stock (the “Conversion Shares”) at the option of the holder, at any time and from time to time (subject to a 4.99% beneficial ownership limitation). If, on the Maturity Date, the outstanding principal balance of the Debenture is $50,000 or less, the Debenture, including all accrued and unpaid interest then due thereon, is automatically convertible into common stock. Subject to adjustment, the per share conversion price for the Debenture on any conversion date is the lesser of (i) $0.1069 or (ii) 85% of the lowest single trading date volume weighted average price for our Common stock during the 5 trading days prior to the conversion date. No later than the earlier of (i) 2 trading days after our receipt of a notice of conversion and (ii) the number of trading days comprising the standard settlement period after our receipt of a notice of conversion, we are required to deliver Conversion Shares which, when permitted under applicable securities laws, will be delivered free of restrictive legends and trading restrictions. In the event that we fail to deliver Conversion Shares by the applicable delivery date, the holder may rescind such conversion until such time that the Conversion Shares are received by the holder