Feb. 04, 2021
Dear SEC, to who it may concern. The proposed rule change regarding file # S7-24-20 will damage the ability for emerging companies to obtain funding. Having debt sit on our books for a year plus also is a hinderance to our ability to obtain funding from multiple good sources. My company would have never had the ability to make history with our NYSE LGBTQ100 Index fund which recognizes the best 100 companies in the S&P 500 that support advancing equality best practices. Our soon to be launched ETF on the NASDAQ has been supported by Power Up and other fantastic OTC investors. I think the rule change being proposed is absurd, companies like ours do not want to carry debt on our books for an entire year. Plus, the more debt on our books, the less ability for us to raise additional capital during the growing years. All the way around, ridiculous. Just as importantly, it cuts the return for investors like Power Up in half. And, as you know a lot of bad can happen in one year with companies that don’t succeed. The success rate in the OTC is very poor. Hence, your risk level is higher at Power Up for all these reasons and much more, this is not a good step forward for the OTC world. Best Regards, Robert Blair CEO LGBTQ Loyalty Holdings, Inc Stock symbol: LFAP www.lgbtq100.com