Lescarden, Inc. (fka LCAR)

[e-ore]

From the LCAR 8k filed 9/26/12:
"Pursuant to the Stock Purchase Agreement, the Company will issue a number of shares of common stock to the majority shareholder and Chairman of the Board equal $200,000 divided by average closing market price of the Company’s common stock during the three weeks preceding the date of the closing, or $0.023133 per share. Upon issuance, Maxwell will receive 8,645,533 shares of common stock resulting in a beneficial ownership of 30,512,378 shares, or 62.63%. The proceeds from the issuance of stock are to be used for the purchase of inventory."

I find this interesting for 2 reasons:
1. No "toxic financing," insiders are financing inventory on a favorable basis and, imo, wouldn't do so unless a large increase in inventory was needed to support future sales growth.
2. $200,000 added to the current inventory level raises it to above where it was in 2008, when revenue was much higher than today's, and LCAR was trading at .15.

So, in my humble opinion, things are looking up for LCAR. But definitely a patience play, a rare buy and hold.

Next 10q should come out soon