Leet Technology Inc (LTES)

[Sobek]

I don't think it's as much as they follow a chat room as to what the numbers are telling them. The options were either cut the o/s or increase it. But it is no doubt a whole new ball game now and once the market catches on, we will see interest grow here big time imo.

I'm in another ticker that just did the same thing, the CEO flipped 100% of his position to preferred shares and canceled his commons. It was slow at first but as updates to the progress of the share reduction materialized along with increasing revenues and expansion, the stock gained huge interest and increased over 200% from the date of the first announcement. They announced it was complete Monday, it took just over 60 days, and now the stock is up almost 2,000% from its 52 week low and the avg. 10D volume has also increased like a whopping 300%. We still have targets ranging from .05 very short term and up to .10 by year's end (it's currently at .027 with just over 400 million o/s and on track for close to $8-$10 million in revenues this year).

But I'm estimating at the rate BDIC is growing, they could have the remainder of 10,000 units on the assembly line by the end of Sept and be pushing 15,000 by Jan next year. Their eps is growing like crazy and once they get close to 5,000 units they'll be able to start pounding down the principle on their current loan while easily paying all the bills which will lower liabilities substantially while assets keep skyrocketing. 2017 is without question going to be a mammoth growth year for them.

Now they mentioned they're in the process of looking for up to $10-$20 million in investment capital. If they score this, and I think they have a really good chance now, $20 million could give them up to if not more than funding for 80,000 units and all current estimates will be blown out of the water. That would make them a $100 million company easily which has been the CEO's goal from the start back in 2013.

I did a ton of research on the BAIID market and know for a fact the demand is there. I was even in touch with the first person who did very in depth studies on nationwide BAIID use, Dr. Roth out of New Mexico. It's a long story but in 2014 SmartStart forced him out of this area of study after almost a decade of research and reports. SmartStart refused to share their numbers with Dr. Roth from their key states and that threw his studies way off. By 2015 when Arby Partners acquired SmartStart, they flat out refused to share any numbers at all with him so he threw in the towel.

But according to his research up until 2013 and following the trend until 2019, there will be close to if not over 1,000,000 of these devices on the road nationwide making it easily a billion dollar a year industry. And surprisingly that's only like 65% of all nationwide DUI convictions resulting in mandatory BAIID use.

Now the annual report on BAIIDs in use is controlled by SmartStart and is lowballed by like 40% compared to Dr. Roth's studies. The logic behind their report is to show key state progress to present to states that don't have the first offender laws. This influences legislators to sign off on more laws and MADD endorses this report. The I believe 12 key states show better growth and BAIID enforcement as opposed to calculating in all 50 states on average.

So say they get $20 million in investment capital. 80,000 units leased by BDIC by 2019-20 is only an estimated 8% of the true number of units that will be in use nationwide based off of Dr. Roth's historic and trending data. 8% in all reality is nothing and BDIC is well on their way to achieving that goal.

By year's end they should be close to if not exceeding 15% of that goal. I strongly believe we'll see triple digit percentage growth from BDIC for at least the next 18 months to two years based on the market growth trend, future investment capital, how they've shown the market they can handle the growth, and now their strong stewardship to their shareholders.

A key point to BDIC's potential that needs to be noted, is they are they only publicly traded company in their area of the mandatory BAIID market. Once they get those 10,000 units, it's almost a given they will be presented with buyout offers or maybe even a reverse merger with one of the giants wanting to go public without all the overhead involved. Who knows, maybe they'll be presented with a merger and going halves to up list to a major tier like the NASDAQ or NYSE.

Also even though I count it as just talk right now, their strategy of finding a profitable acquisition is very logical as it will add instant revenues and more importantly, assets to their balance sheet. And by creating a non-trading controlling preferred for the CEO, that still leaves the untouched convertible preferred available for acquisitions.

I know I'm rambling but this share reduction was the only thing holding them back and now I'm excited. Can't wait until we start getting updates on it!

$BDIC