Sunday, April 23, 2017 4:04:11 PM
But I think it's not as much as coming clean in filings as opposed to their accountant not wanting to lose their license for smoking the books, hence why it took so long to get the filings out. Can almost be positive they were screaming at Wainer, "WTF BRO", for the last couple months, hell they might even quit as well.
As far as what the future holds, who knows. Their eps tanked which was my biggest concern. Second biggest concern is the share structure... authorized went up 10 million to 120 million shares, o/s increased almost 25%, and they've yet to sell the 5.5 million issued to the float from the ipo and now the CEO owns the equivalent to 100 million commons in preferred shares and has yet to retire his 8 million which is rapidly becoming only a drop in the bucket. Liability/asset ratios aren't that much of a concern in new and growing companies as long as they trend friendly. It's that bottom line.
But let's say they do get 5,000 units out. What's it going to cost us in equity? Another 5,10,20 million shares? If you think about it, with the o/s increasing almost 25%, they once again just stripped shareholders of any equity they built up in new unit revenues.
I'm a non-professional individual investor who may own, not own, buy, or sell stock at any given time in any security ever mentioned in posts. I never accept compensation in any form to post. Always consult an investment professional when investing.
Recent LTES News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/16/2024 06:18:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 02:09:06 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/13/2024 02:06:50 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 11:46:34 AM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/06/2024 11:49:48 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/04/2024 01:07:11 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/28/2023 12:47:08 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 12:13:59 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/06/2023 06:06:55 PM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM