Wednesday, March 09, 2011 5:23:14 AM
If you read all the documents the company has provided over the years, you will notice Leatt Corp is a distribution company ONLY. It bares the cost for all R+D, Legal etc aswell. All the other companies are not part of what your shares buy into and these hold value.
Do a search on the trademark owners for Leatt, Leatt Brace, Alternative Load Path Technology etc
Do the same search for the patents and design registrations etc
The conclusion will be the same as why nobody will buy shares, as they have done this background search themselves. What are you actually buying shares in and why buy shares in a distribution company?
Leatt Corp is a distribution company ONLY and is only worth the sales they make and this is offset by all the running costs. Therefor it does not have to turn a profit and so it has not passed anything on to the shareholders.
If anybody has other insight feel free to share it!
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