Last week, the diversity themed financial methods and data firm LGBTQ Loyalty Holdings Inc (OTCMKTS:LFAP) was in considerable focus among investors and ended the week with gains of as much as 55%. However, more importantly it is important to note that the stock surged by 13% last Friday after LGBTQ Loyalty Holdings made a major announcement.
The company announced last Friday that the terms of the financing agreement worth $10,000,000 with GHS Investments had been finalised. The development was a significant one for the company and it was naturally welcomed with a great deal of excitement by investors.
It will be interesting to see if the LGBTQ Loyalty Holdings stock continues to attract the attention of investors this morning or not. Bobby Blair, who is the Chief Executive Officer of the company, stated that everyone at the company was pleased at the fact that the two companies followed up on their letter of intent and eventually finalised the deal.
He went on to state that GHS Investments being the financing partner of LGBTQ Loyalty Holdings is a major new development for the company. He went on to state that the drawdown worth $10,000,000 is going to help LGBTQ Loyalty Holdings with regards to further growth.