Replies to post #462 on ZAGG Incorporated (ZAGG)

[drolismith]

501(c)(3) — Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations.

I am not sure but this is possibly for tithing purposes. As someone who knows Robert he is great man and one of faith. One of the tennets of his faith is to pay 1/10th of all his increase to the mission of his church. For more information see link.

http://www.lds.org/ldsorg/v/index.jsp?locale=0&sourceId=e141f73c28d98010VgnVCM1000004d82620a____&vgnextoid=bbd508f54922d010VgnVCM1000004d82620aRCRD

http://newsroom.lds.org/ldsnewsroom/eng/news-releases-stories/church-welfare-program-helps-people-help-themselves-during-tough-economic-times

[drolismith]

501(c)(3) — Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations

As someone who know's Robert he is a great person and one which is active in his faith. I suspect such a donation to a 501c could be related to his belief in tithing (See link 1 below). Such a donation should not be thought of as lack of faith in his company, just the oposite would be my estimation. The proceeds from his donation are in the area approximately 13 million dollars at current prices.


http://www.lds.org/ldsorg/v/index.jsp?locale=0&sourceId=e141f73c28d98010VgnVCM1000004d82620a____&vgnextoid=bbd508f54922d010VgnVCM1000004d82620aRCRD

this money supports activities such as this below in this link:

http://newsroom.lds.org/ldsnewsroom/eng/background-information/welfare-and-self-reliance

[drolismith]

Form 8-K for ZAGG INC

10-Jul-2009

Other Events


Item 8.01 Other Events

As part of a charitable, estate and strategic partnership plan, Robert G. Pedersen II beneficially sold 800,000 restricted shares of ZAGG Incorporated common stock at a market premium of $8.00 per share to a strategic investor, which included an additional 230,769 warrants from Mr. Pedersen.

Some may want to think about the upcoming announcement of some new item/technology that will be announced at the upcoming earnings call. Additionally something is going on which influenced someone to come in and spend 6.4 x 10-6th bucks and and another 230k warrants. They saw this as an 8+ buck stock. Don't know what it is but we know there are about six new products in the pipeline. I agree that so far appspace has been a disappointment. If these other products are as good ad zbuds and the shields then we will have good second half of year. Price at 6.2 is a bargain now and should be grabbed. I see alot of the price atrophy in relation to RP actually taking some time off with family. You typically see when he is out on the road things happen. This will likely be the case in the next week leading up to the call. I'm in and ready for an uptick.