Friday, March 27, 2015 8:51:00 AM
Claims that LTNC is going to "explode" in "2-3 months" have been repeated over and over for more than a year now. Look at the chart and see if there has been anything remotely close to an explosion. Don't pay for someone else's mistake in buying this stock by making your own.
The CEO has a horrible record of misleading shareholders. He has "promised" over $31 million in revenue for 2014 only to deliver less than $24 million and the revenue is falling. He has "promised" that he was "current on all tax obligations" only to reveal 7 months later that he owes the IRS over $1 million in payroll taxes that simply disappeared. He has "promised" not to dilute into every AS increase only to hammer shareholders into a current OS of about 5 billion shares out of 20 billion AS. He has "promised" not to engage in toxic financing only to triple the toxic load which has caused notes to go into default and the pps to drop into no bid while dipping to .000001 (that's right, FIVE 0's) closes and zero volume days! He has "promised" to pay off the toxic debt, but has resorted to paying for notes through conversions because he can't pay with cash and now there's nothing left to pay the $2.3 million in remaining toxic principal.
The list goes on, but this alone should be enough to demonstrate what kind of clown this CEO is and the money pit this stock has become while promoters try to get people to buy into the nightmare.
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