SureTrader
Interactive Brokers Advertisement
Home > Boards > US Listed > Medical - Equipment >

Laser Energetics, Inc. (LNGT)

LNGT RSS Feed
Add LNGT Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board: 
Last Post: 11/25/2017 12:09:29 PM - Followers: 158 - Board type: Free - Posts Today: 0

 

PLEASE NOTE: LNGT's former website is no longer actively registered to the company
The website is in no way related to Laser Energetics Inc. and may be considered NSFW

                                                                                   
    

Laser Energetics, Inc.

New Jersey Bankruptcy Court
Chapter 7  
Judge: Christine M Gravelle
Case #: 3:16-bk-18628
Case Filed: May 02, 2016
Creditor Meeting: Jul 06, 2016
Claims Deadline: Nov 03, 2016
 
Debtor
Laser Energetics, Inc.
PO Box 7637
Princeton, NJ 08543-7637
Represented By
Santo Bonanno
contact info
Last checked: never  
Trustee
Andrea Dobin
Trenk DiPasquale 427 Riverview Plaza
Trenton, NJ 08611
Represented By
Andrea Dobin
contact info
Thomas Michael Walsh
Trenk, Dipasquale, Et Al.
contact info
 
Docket last updated: 06/28/2016 1:58 PM EDT
 
Monday, May 02, 2016
    Receipt of filing fee for Voluntary Petition (Chapter 7)([LINK 16-18628 ) [misc,volp7a] ( 335.00) Filing Fee. Receipt number A31985677, fee amount $ 335.00. Related [+] (U.S. Treasury)
Related: [-] Doc#1
1   1 Chapter 7 Voluntary Petition Filed by Santo Bonanno on behalf of Laser Energetics, Inc.. Disclosure of Compensation for Attorney For Debtor05/16/2016. Incomplete Filings due by 05/16/2016. (Bonanno, Santo)
Related: [-]
3   3 Notice of Missing Documents. Related [+]. Missing Documents: Summary of Assets and Liabilities for Non-Individuals, Declaration Under Penalty of Perjury For Non Individual Debtors, Statement of Financial Affairs For Non-Individuals, Atty Disclosure Statement, Physical Street Address and Schedules A/B,D,E/F,G & H. Incomplete Filings due by 5/16/2016. (pbf)

 
From PrincetonInfo.com


Laser Energetics Out, Lawsuits Linger

Laser Energetics, a maker of nonlethal laser weaponry, has left its Quakerbridge Road office amid lawsuits by several former business partners. Calls to Laser Energetics’ listed numbers were not answered.

The company’s stock was trading for one hundredth of a cent on the OTC market as of December 8, down from a high of $1 in 2006.

In 2013 a Philadelphia LED lighting company called Light Pod Inc., sued Laser Energetics and its CEO, Robert Battis, for breach of contract. The suit accused Battis of licensing Light Pod’s lighting technology, which had been approved for use on board Navy vessels. According to the suit, Battis told Laser Energetics, and its CEO, Lothar Budike Jr., that they could ramp up manufacturing of Light Pod’s solid-state LED lighting technology and sell $250 million worth of them over the next seven years.

The lawsuit claims Battis also told Light Pod that Laser Energetics had entered a $300 million contract with the Saudi Arabian government to supply LEI’s Dazer Laser weapon, and that he would use those funds to build manufacturing capacity for Light Pod devices.

Light Pod accuses Laser Energetics of failing to make more than $2 million of monthly payments that it owed for the lighting technology. The suit says Battis secured a $45 million order from the Navy for the light fixtures, but lost the contract because Laser Energetics could not fulfill the order.

Light Pod’s lawsuit, which is currently being litigated in state Superior Court, is not the only legal challenge to Laser Energetics.

A minority investor, Phillip Risko, filed a lawsuit in May that accused Battis, his son Ryan, and an employee, Daniel Colon, of never manufacturing the laser weapons it claimed to sell. The lawsuit accuses LEI of transferring its patents to new companies in Oklahoma and Florida. Risko also said the sale to Saudi Arabia and an investment deal it claimed it had with CACI International never existed.

Laser Energetics was founded in 1991 and was known for its laser weapons, which it claimed could incapacitate people, making them feel nauseous and disoriented, without permanently injuring them (U.S. 1, September 9, 2009).

At that time Battis was quoted as saying that he was looking for a large facility in Mercer County in which he would manufacture the dazers. He planned to hire “hundreds” of workers at all levels and said that he was about to seek incentives from the government to create the jobs.

A 2010 news report in U.S. 1 said that the firm had contracted with Israel’s Department of Corrections to sell the weapon, which it called the “Dazer Laser.” And in 2013 it announced an order to sell the weapons to Saudi Arabia.

Laser Energetics Inc., 3535 Quakerbridge Road, Suite 700, Mercerville 08619;


 

 

SureTrader
Interactive Brokers Advertisement
LNGT
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
PostSubject
#35407   Nah. Been watching this for years. It’s complete garbage. JoeLatz 11/25/17 12:09:29 PM
#35406   Can someone explain how this company is bankrupt, deafchild 11/21/17 03:00:14 PM
#35405   lngt tmrt two shitbags of the past. cue-master 06/28/17 02:30:27 AM
#35404   Wow! I think you are both right. DeaconY 06/27/17 02:46:56 PM
#35403   I also have been watching this stock as Imendem29 06/23/17 07:20:13 PM
#35402   LNGT nice volume lately, news/filing will send this ToyotaMR2s 06/16/17 06:16:42 PM
#35401   Of course, I use the term "company" very DeaconY 02/16/17 04:39:41 PM
#35400   Why on earth would anyone waste their $256 DeaconY 02/16/17 04:38:18 PM
#35399   Surprising high volume for a bankrupt, out of DeaconY 02/16/17 04:37:49 PM
#35398   It looks like at least one of the DeaconY 02/15/17 12:46:47 PM
#35397   Updated to include the two most recent lawsuits DeaconY 02/15/17 12:41:42 PM
#35396   Added some of the bankruptcy information to the iBox. DeaconY 02/15/17 12:24:13 PM
#35395   Pepperidge Farms remembers. uam04 02/14/17 03:24:28 PM
#35394   Good old Ryan doesn't even include Laser Energetics DeaconY 02/14/17 01:06:47 PM
#35393   Anyone remember the "Contract" they had with CACI? DeaconY 02/14/17 01:05:12 PM
#35392   Including one name alluding to his previous company name. DeaconY 02/14/17 01:03:49 PM
#35391   I think there were several different iterations of DeaconY 02/14/17 01:02:21 PM
#35390   It is a well known fact that Ryan DeaconY 02/14/17 01:01:58 PM
#35389   Ryan Battis DeaconY 02/14/17 01:01:25 PM
#35388   ALL PLEASE NOTE: DeaconY 02/14/17 12:51:50 PM
#35387   No phone for this supposed company and they TheSaint 02/13/17 05:58:03 PM
#35378   tiny down here Dahmer 02/12/17 01:17:43 AM
#35377   LNGT .0008 going , next NWPN?? $treet Trader 02/10/17 12:29:42 PM
#35376   LNGT .0008 going Float 217m MJ stock $treet Trader 02/10/17 11:57:48 AM
#35375   $LNGT @ .0009! Estrella 02/10/17 10:23:57 AM
#35374   LNGT MJ stock @ .0008? Float 217m website $treet Trader 02/10/17 10:23:57 AM
#35373   $LNGT @ .0006! Estrella 02/10/17 10:15:20 AM
#35372   The earlier spike was a pump based on MoonIsNear 02/09/17 06:45:37 PM
#35371   Amen brother big stu 02/09/17 02:53:47 PM
#35370   If this is a pump job then he stocks2012 02/09/17 02:39:54 PM
#35369   Is Battis still involved? uam04 02/09/17 02:07:45 PM
#35368   ask razor thin here $LNGT Dab Daddy 02/09/17 01:04:46 PM
#35367   LNGT .0013 here come da HITTERS $treet Trader 02/09/17 12:34:50 PM
#35366   Called it !!!!! makinezmoney 02/09/17 12:19:05 PM
#35365   LNGT .0013 $treet Trader 02/09/17 12:15:56 PM
#35364   Sitting very nicely and stable at hod Dab Daddy 02/09/17 11:58:44 AM
#35363   looking good sellers have dried up and bids Dab Daddy 02/09/17 11:57:43 AM
#35362   Looking for an update, don't you mean a big stu 02/09/17 11:51:29 AM
#35361   looking for updates from company soon $treet Trader 02/09/17 11:37:01 AM
#35360   lets see what happens took a small position justmans 02/09/17 11:33:44 AM
#35359   $LNGT ABOUT TO ENTER BLUE SKIES!!!! Dab Daddy 02/09/17 11:28:18 AM
#35358   level 2 thinning out $treet Trader 02/09/17 11:27:43 AM
#35357   .0013 in just a few! ComeWhatMay 02/09/17 11:27:01 AM
#35356   LNGT .0012 booooooooooooooooooom $treet Trader 02/09/17 11:26:22 AM
#35355   LNGT .0011 falling!!!!!!!!!!!!!! $treet Trader 02/09/17 11:22:25 AM
#35354   LNGT .001 x .0011 $treet Trader 02/09/17 11:21:48 AM
#35353   LNGT .001 could be next NWPN ? $treet Trader 02/09/17 10:40:16 AM
#35352   LNGT .0011 going MJ play Float 217m website http://laserenergetics.com/ $treet Trader 02/09/17 10:33:11 AM
#35351   I got an small starter for 700,000 shares ComeWhatMay 02/09/17 10:17:57 AM
#35350   LNGT .001 now MJ Check the website http://laserenergetics.com/ $treet Trader 02/09/17 10:17:44 AM
PostSubject