Leet Technology Inc (LTES)

[Sobek]

I definitely see your point and that's just a fact of life in this business. Just like cops, eff da police. I wouldn't want one of these things in my car either. And don't even get me started on the political incentives. NHTSA says each BAIID on the road saves up to $7 a year per each state's tax payer. I bet all that "savings" gets flipped into something more liquid for them and the tax payers don't see crap. Plus there's over $17 million in federal grant dollars allocated for 2016.

But from a financial investment point, the market growth rate isn't lying. It's up over 400% in nine years. Right now there's close to 400,000 of these things on the road everyday, all year, and it just keeps growing. Its estimated to reach like 945,000 to a million units by 2019. That's a growth rate estimate of of over $500 million in market share on track to open.

Its estimated that over $210MM in inventories will be needed to reach this target on top of replacing units that break down and up dating older models to meet new standards.... GPS, camera, cloud storage, etc... that's a lot of money and a whole lot of units.

So if I like it or not isn't the issue, it's the fact it's coming, it's not going to slow down, and there's money to be made.

Now as far as the company goes, they're the real deal. A little unorthodox at times but given the management history and the LA lifestyle, its not surprising. But they do know how to hustle. If they can pull this together, they're going to make tons of money. So far they're doing it right with nothing toxic. Quite a few SPA's but the lowest is at .15.

What we're waiting on is the status of their loan. Times ticking and people are getting anxious. They already fu¢kd up once and that killed the momentum, also probably why they brought in a new CFO, a good one as well. But the pps's at the bottom and now were waiting on that news.

When the news hit, if they got the money, that will triple their revenues over night. They already have like 11 state approvals and a few franchises waiting on units. If they didn't get it, then time to write these guys off imo.

Don't get me wrong, I've been following these guys since day one but strike two and its time to break into that big old a/s and we see subs imo. I'll still be around because if this were a sub or trip play, it would be one of the sickest ones in history. But at .29 a share, its hanging right around true value if they had to sell it. And these companies have been getting bought up left and right. The lab certification is worth a pretty penny in its own plus the state approvals are no cake walk and have a nice value.

So that's what, 3 points I have? Eff the police over enforcing BS laws that convict everyone including the 1 drink people. The market is growing like crazy and I love the fact I can take stock in it. And the company is running out of time to show some shareholder growth and needs to do something about it besides promoting the stock (and that's coming from their biggest fan).

Appreciate your point of view. Nice to see someone mix it up a bit.