Leet Technology Inc (LTES)

[Sobek]

The numbers are in their filings and PR's and can be estimated from there. Filings are pretty transparent and they are very consistent keeping the market informed on how many units they have on the road through PR's and 8-K filings. They don't cut 90% of the $100 monthly fee. Number of units on the road during the quarter is mentioned in filings along with estimated operation costs which they have been beating for the last 2 quarters. They don't have 2800 units yet, per last update on track to have 2800 by the end of this quarter. Expecting an update on further financing by their lender. Think they're up to $750k with interest only payments and no payment due until I believe June. If they match it, that would be sweet and they could still handle the payments. The ideal thing would be like last time with no more share issues to the lender, then we might be on track for some added value. Estimating roughly $210k in GP for Q-4 2016 and $330k for this quarter not including income besides the units. Their growth trend has been hard and heavy since coming out of R&D, just that bloated share structure right now, something needs to give there.