Replies to post #26309 on Left Behind Games (fka LFBG)

[corson]

I would rather invest with the best management possible. In this case we have a "A" product and huge market potential. I also believe he knows and has a plan for the business at hand. I have been in his shoes and can attest that directing a public corporation and directing development are totally different. He needs to separate the two and understand his expertise and strengths as well as the weak points. Get some better advice if he wants to wear both shoes.

[noquit]

Wrong, a lie to me, is a very bad lie.

There is no transparency as lying about the funder, is stock manipulation and a felony.

[varok]

Look at it this way.

Bring in a VC ( Venture Capitalist) before announcing any intention of doing an increase in shares..

Now this isn't as easy as I make it sound to be..However, a VC would have been a much better course of action.

The above would have worked..

The problem with this action is that the VC would want a seat at the table.. Meaning a member of the board and the direction of the company..The books would have to be opened to the VC and I know for a fact that the VC would never have allowed the increase in shares, but would on approval, work a buyback that he would fund.

The problem with this is that Troy would not have the last say.

Also, the VC's work on very strict guidelines and forward looking plans..

Most penny companies shy away from this type of additional financing as well as not going to a local bank..These two entities want to see the books and can on demand releave current CEO of daily responsibilities.

So the only course is find an Equity type financier that doesn't care about the direction of the company or it's profitability, but they get there return by acquiring shares for monies drawn and in this case we know the answer.

Have a good day
Varok