MACKIE (LTEC)

[Pennybuster]

$LTEC 4.8M O/S

[RocketTrader777]

$ltec bid climbing and building.. I think people still trying to get .02's.. A couple smacks or news and well be back in the .40's in an hour like a few weeks ago. Keep bidding for some here IMO

[lowfloatmaster]

Total p d. Stayed away
Just bought GLMB
Been dark now coming out of it
Going into crypto
Small o s ect
Found it on there web site today
No 8 k yet

[allinaa]

Yeah i hear ya.. Who knows with these ones..
Could be a lot of scenarios..
Gunna watch , maybe take a taste.
Thanks for your input..

[Big Brother]

I've had this on my watchlist for probably 7 years or more, never seen this kind of volume. I don't see any filings, SEC or SOS, to indicate why the volume occurred, the company was taken private many years ago, then acquired back in October. Don't know if the shell itself was part of the acquisition deal or not.

Just based on what I saw with the trading action it looked very pump and dump-ish to me. Maybe an old shareholder had a bunch of shares to sell, but there was zero liquidity, so they pay a promoter a couple hundred bucks to send out an email blast...?? Seems the most likely scenario IMO, only ran for a couple minutes before it started getting dumped down hard.

I generally like speculative type plays but personally I wouldn't touch this unless I see some filings.

[lowfloatmaster]

Yes
Interesting situation here

[pkc89]

WOW very nice found!!!
Their brand is actually very popular on Ebay!

[lowfloatmaster]

See my last 2 posts below
Has there been like 0 action last few years??
Thanks
Don’t even see volume when acquired 3 months ago

[lowfloatmaster]

Here’s article

LOS ANGELES, Oct. 16, 2017 (GLOBE NEWSWIRE) -- Transom Capital Group today announced it has acquired all brands from LOUD Technologies, Inc., including the Mackie®, Ampeg®, EAW®, and Martin Audio® brands. The new company will be called LOUD Audio, LLC (“LOUD”) and be led by the executives of LOUD Technologies, ensuring continuity with product development, distribution and the supply chain but with new capital to enable growth across all brands.

“This transaction presents a great opportunity to work with the LOUD team to achieve the next stage of growth for these iconic brands,” said Ty Schultz, managing partner of Transom Capital. “These brands are positioned well with major retailers, installers and production companies and bring with them an outstanding legacy of innovation and category-defining product introductions. We have been working closely with LOUD’s leadership to ensure continuity of the supply chain, channel relationships and LOUD’s employee base. We look forward to realizing the compelling growth opportunities for these brands both in the retail and professional audio spaces.”

With operations in the U.S., United Kingdom, Canada and China, LOUD engineers, markets and distributes a wide range of professional audio and musical instrument products worldwide. Its product lines include sound reinforcement systems, analog and digital mixers, studio products and guitar and bass amplifiers. The transaction will enable LOUD to invest in innovative product development and expand into adjacent markets.

“This transaction is the first step in a broader strategic plan to enable and grow each of our iconic brands. Our brand and product strategies are greatly enhanced going forward as each will be working from a vastly improved financial structure and with access to growth capital,” said LOUD CEO Mark Graham. “Transom is an exciting partner as they have experience in our industry and a great track record of building brands. Further, they share a commitment to our core values of customer focus and product innovation, and we are looking forward to working together to make our brands even more valuable to our partners and customers.”

About Transom Capital Group
Transom Capital Group is a Los Angeles-based private equity firm with an operational focus to private equity investing in the lower-middle-market. The Transom Capital team has a proven track record of investing in, restructuring, monitoring and growing lower-middle-market businesses for the long-term. Key to this success is its unique hands-on approach to partnership and proprietary ARMOR? value creation process (Acquisition, Restructuring, Monitoring & Operations, and Return) that provide operational involvement and support to each portfolio company without overwhelming the management team. Transom Capital invests in businesses across multiple industries where its unique team of professionals can bring the experience, energy, and expertise required to maximize the value-added to each company. Transom Capital is headquartered in Los Angeles, California with an additional office in Seattle.

About LOUD Audio, LLC (“LOUD”)
As the corporate parent for world-recognized brands Ampeg®, EAW®, Mackie® and Martin Audio®, LOUD engineers, markets and distributes a wide range of professional audio and musical instrument products worldwide. Its product lines include sound reinforcement systems, analog and digital mixers, studio products, and bass amplifiers. These products can be found in professional and project recording studios, video and broadcast suites, post-production facilities, and sound reinforcement applications, including houses of worship, stadiums, nightclubs, retail locations, and on major musical concert tours. LOUD distributes its products primarily through retail dealers, mail order outlets and installed sound contractors. The Company has its primary operations in the United States with operations in the United Kingdom, Canada and China.

John Williams
Scoville Public Relations
206-625-0075 x1 (direct)

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[lowfloatmaster]

Looks like it was acquired 3 months ago.
Doesn’t say for how much
I have a feeling worth more than 11 cents

[Big Brother]

Very unusual activity here today, wonder whats up....p&d...???

[kranthikumar]

LTEC is up by 150%

[Big Brother]

Hmm...unusual to see any volume here since Loud Technologies went dark a few years ago, might be nothing more then someone grabbing a few in hopes the company starts filings again but it's worth paying closer attention too.

[dshade]

they should get this back in the market

[Big Brother]

Yeah no kidding, absolutely fantastic well known products in the music industry. It looks like the company filed a form 15-12G back in 2009 essentially going dark or possibly went private.....not completely sure, however, it's a good one to keep an eye on for filings because if they ever do come back to life... watch out.

Its almost tempting to try and pick a few up at the bid from time to time... just in case....realistically it may never happen though.

[IslandDweller]

Nice to see some news here. Still a great product with a dismal pps.

[kimzerfantastik]

LTEC ~ 04/16/2012...Getting "LOUDer" in India,
http://www.loudtechinc.com/news/2012/LOUDerinIndiaFINAL.pdf

http://www.loudtechinc.com/news/index.html

[IslandDweller]

What happened to this stock? I use their products, and see advertising and good reviews in all the trade magazines. I bought the stock (my first, conventional knowledge said buy what you know) at $5.00 to $7.00. It's now .06 yet the business appears healthy and ongoing. I'm not a reader of financials, so I'm hoping someone more knowledgable can shed some light.