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a 1:25 split but I don't see that reflected in the price. The price is same .028-.3. Did we all get screwed and devalued by 25x? Shouldn't the price be around .75?
Price headed up. I'm looking for it to stabilize around .35-.38. Get in now if your new to the board. It's taken a couple years but the house appears to be in order.
Great news...Pushing new highs...Lets see this run continue.
Any news from the meeting today?
I emailed PW Richter about this issue, with no response. I then called him and personally asked him about this issue. I received a bone head response indicating that he thought he replied to me, but stated that he sent our request to Leatt. I then asked him about the road show he took them on and received a different answer regarding the purpose of the meeting then he initially stated months ago. This company needs new leadership and should consider selling the organization to a company who can quickly integrate it into their existing product line and distribution channels.
The numbers look great, but no new news here.
Looks like we can have a rally on our hands.
I only see 3500 shares
PR came out last night.
CAPE TOWN, SOUTH AFRICA, Aug 27, 2008 (MARKET WIRE via COMTEX) -- Leatt Corporation (PINKSHEETS: LEAT) (the "Company"), the distributor of the Leatt-Brace(R) Neck Brace System, designed to help prevent potentially devastating motor sport injuries to the cervical spine, today announced that the audit of the Company's fiscal year 2007 by its new independent public accounting firm, J.H. Cohn, LLP, is still ongoing and that it has retained Rubenstein Investor Relations as its new investor relations firm.
The audit process is in its latter stages and the Company expects to publish the resulting financial statements as soon as the audit process is complete.
"We expect that the audit and the related review of our financial controls and systems will soon be complete," remarked Dr. Christopher J. Leatt, the Company's Chief Executive Officer. "Meanwhile, as a result of our observations during the audit process, we have taken steps to revamp our corporate and financial controls to provide more accurate and timely financial information and effectively deal with the challenges of a global business."
The Company also formally announced that it has engaged Rubenstein Investor Relations in New York City to handle its investor relations going forward. The Company expects that this engagement will foster better communications with its shareholders and the investment community as it seeks to implement its commercial objectives.
100900 shares traded, keeping the support position. Have faith rollem the number will come and we will all be ecstatic.
x Games Moto Cross, several heat winners were wearing Leat and it looked like half the field was wearing the Leatt. The number should be large, there are not many shares available an when this pops, it will run fast IMO.
I just spoke to IR and got the following update:
They recently did a road show to introduce Leatt to the investment banking community
They are currently in the process of finishing the Audit for last year and Q1. The numbers look Great!!!!
They expect their financial will get the stock trading on the Pink Sheets and prepare them for another exchange.
Sales are in line with expectations.
Hold tight, information will be out soon. GLTA
Response from Investor Relations
May 6, 2008
The Company is conducting an audit. The auditors will decide when the results are ready for posting/release. Hopefully, the audit will be ready for release by June, but I can give no assurances on that time frame. Management is aware of the desire for a more liquid and active public market for the stock. With the audit results, the company will issue a letter to shareholders that set forth the company’s strategic goals in 2008-2009. That letter should answer shareholder concerns about enhancing the issue of a more active stock market for company stock.
Paul Richter
IR Agent
6 Year Old Driver: Wearing Leatt
Just wanted to say thank you for this amazing brace. One of my go kart drivers had his go kart flip upside down. He hit his helmet on the asphalt and when the Kart came to a stop he wand away. When checked by the doctors he was cleared to race again within minutes. The medical staff was amazed that he walked away with out any pain or injuries. Oh by the way my driver is 6 years old. We were so thankful that he had been fitted with the brace before the race. Thank you Leatt brace.
Andre Consorte
David Sims
Davis Sims Jr.
Logan Faulkner
Just wanted to drop you a line to say THANKS! My son had been wearing his brace for about 3 to 4 weeks when he had a nasty crash through the whoops at a local track. He landed head first (back side of head). It was on a Saturday and we spent the afternoon in the ER. Logan had no broken bones, lots of scrapes, aches, and pains, but again NOTHING broken! I am convinced it would not be the same outcome without his Leatt Brace! His brace was broken, but we did not discover that until the following Wednesday, when Logan felt well enough to go get his equipment together for the next weekends race. We immediately called your California office and explained his situation. You guys got him a new brace right out overnight so that he could race the next weekend. I am also convinced he was mentally ready to race that following weekend because he knew first hand that his equipment did perform perfectly! He had previously been in a wreck during an arenacross event (he was landed on), and was not hurt very bad, but it took him over a month mentally to race again. This time, he raced the very next weekend & won!!! There is a web site that has pics of his broken brace if your interested in seeing them. Its jmrpowersports.com. You click on forum, then scroll down to injured riders prayer list, then down to Logan Faulkner. You can read about what people said and see the pics! We appreciate all of your help with outfitting our son with the safest gear on the market!!
Kris Faulkner
bamakrys@aol.com
http://www.leatt-brace.com/index.php?page_id=21&msg_id=17&id=4#17
Vegas Supercross Saturday night. Leatt was mentioned as a sponsor several times, and the KTM juniors had orange Leatt braces. They are becoming a must have for any child. They are successfully defending their patents and gaining distrabution and acceptance. Their margins should increase as they reach economies of scale for production. Remember the brace hasn't even been in production for 18 months and it has this level of acceptance. Revenues should be substantially. Expect big things in the next 6 months with the summer season here. If sales growth has remained constant we should see a signifigant increase the valuation of the stock. GLTA
PNMS is a scam, divys were never distributed. The PDR is not live. PDR that were sold for 114 when first released are now selling for less then 10 dollars....Great deal... a loss of 10,000%. The mgmt team is non existant and this is just a scam....be carfull
Rollem, with the upmost respect, please understand that you are communicating with individuals that have followed this company since it was .02. We hold a lot of shares and are very interested in this company’s success. So we have tracked and followed the information closely and know what we are speaking about. If you don’t like what’s going on with the company I will buy your shares from you at todays current price, but don’t ruin this board with your behavior. Please find my responses to your questions below.
1) If you’re going to invest in a Pink Sheet company I think it’s important you understand your investment vehicle. Now I'm not a broker but most microcap companies do not have to file Quarterly reports with the SEC. So before you attempt to discredit the company and its management team, consider your arena. They are voluntary providing us information that is very positive for an early stage company.
2) How many product companies have you developed? Do you know what goes into building this type of company? I have been successful involved in the creation of several. It takes years, millions of dollars and a focus on the details of the business. These details, such as the Patient that was recently issued along with every other aspect of user adoption and industry adoption will eventfully drive the PPS to significant heights.
If a detail is missed the shareholders will be screwed, so this focus is protecting our assets and the future growth of the company and our assists.
In response to (Please check your spelling before posting next time, it discredits your responses)
Skilled management teams have tremendous knoweledge about their businesses, strong financial controlls and the ability to report in a regular timely fashion.
Do you truly understand the core nature of this company and who is running it? The CEO is a Dr. he is the world respected Dr. his knowledge is in the "Prevention of Life Threatening spinal injuries", which they have accomplished through the brace. They understand their business and understand their market extremely well.
3. How many times have you heard about a company "BRAG" about a product, only to fail? ...or sell a product that was contaminated...Mattel...
The management team has handled the control of information conservatively and correctly. Because if you are off by 1%, that an error of margin that unacceptable in this business. Any optimistic forward looking claims are potential life threatening for this business and riders. Remember this company is run by scientist who will not publically claim something unless it can be upheld. Right now, this is to our advantage.
.
If its successful why does it need to be rebuilt?
PDR Exchange site is down. See for yourself http://www.pdrexchange.com/
its been down all day, I would guess not much trading is occuring.
If he made the company Millions and was so successful why did they replace him?
Your proving my point for not trusting the company. In a number of press releases the Div's were estimated at $200 US dollars. Now they are worth 10 dollars. That a 90+% loss. If the company is so great why would they let their shareholders take a 90% loss. Its because there is no market for the garbage they are selling. Many of the traders on this site use E*Trade and Ameritrade, both have not allowed Div's to be issued. Ameritrade even blocked trading of this stock for a time.
The web site was not secure when launched, it might of recently been secured. Look at the certificate date form Verisign to confirm.
So lets recap: if the div is real it lost 90+% of its value in less then 12 months, the CEO was replaced, unverified financials and unsubstantiated financials, false statements, and a exchange that has no market cap, security backing or phone number to reach anyone.
If you look at the trend of the stock for the last year, its a pump and dump, from which I did profit. However most people have lost.
Great investment, ya right. Is this enough or should I go on.
Wait for the public posting by the SEC
PDR Exchange has never gone live, I have heard rumors of a SEC investigation, div in land announced last year were never paid and could not be converted. I've worked with E*TRADE through their investigations department to get my Div. it never happened. Did anyone get a tax bill regarding the div. if so what's the estimated value, because you will have to pay taxes on it. They continue to lie shareholders, for example if a CEO doesn't know the laws of a country they do business in, why would you have confidence in him. Their last CEO was continually uniformed, they played dumb when called on the issue. Is this really someone who is competent to grow a business and make millions. I don't think so. The company had share holds put personal information on a site that was unsecured, which is unheard of and illegal for a financial company to do so. Shall I go on?
You will be holding on to all 7 million shares for quite a while. I've been watching this stock and made money off this stock for the last 10 months, but right now the company is in trouble. Look for another pump and dump, don't get greedy then sell around .003 if you hope to make money.
Leatt Dealers
Sponsored LinksLeatt neck braces here
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Leatt Neck Brace
www.BTOSports.com Leatt Neck Brace smalls in stock Small Sport & Club Braces in stock
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www.RockyMountainATVMC.com Protect yourself from neck injury with a Leatt Neck Brace.
You are correct, its the 3rd and 4th Q numbers that will start to display the Hocky stick. GLTA
Companies response to the Charges of Spam
Hello,
The Company appreciates the public concern regarding the recent 10-day trading halt of its shares of Leatt Corporation. Trading in the Leatt Corporations shares should resume on the 21st on March, 2007. The Company's legal counsel has contacted the SEC about the 10-day trading halt. We will be proactive in establishing that the Company has not been and is not involved in the SPAM campaign that caused the temporary trading halt.
According to the SEC's press release, the 10-day trading halt was initiated on the Company and 34 other companies due to an issue involving SPAM emails. The Company would like to assure you that it does not use or subscribe to the use of SPAM to promote the Company’s stock or its products. Even though the trading halt is unfortunate, it is temporary and we support the SEC in their efforts to combat these SPAM email campaigns.
Further announcements in this matter will be made by press release and Web Site postings at: http://www.leatt-brace.com/ir_press.asp.
Leatt Corporation
Patients pays...Q2 numbers should increase greatly.
There should be a big announcement comming in the next couple months. IMO...Good day all
its a Pink Sheet company, if you want financials buy an .OB or from another exchange. Roll the dice, but don't bring any negitive energy to this board.
The Leatt Corporation has, from Q1 until present, been experiencing heavy order, production, delivery and sales loads, as stated in press releases.
In the face of the combination of recent events, the Leatt Corporation is experiencing significant delays in getting their financial books caught up to reveal the present financial health of the company. We are anticipating financial statements to be available imminently for 2006, which will be shortly followed by financial statements for Q1 of 2007. We would like to advise you that there is the possibility that these dates may also slip as the Leatt Corporation continues to experience increasing work loads that must be managed whilst they are in the process of producing their financial reports.
Leatt Corporation thanks you for your support and your patronage is fully appreciated.
Sincerely,
Burlington Gap, Inc.
www.burlingtongap.com
Email: info@burlingtongap.com
Office: +27-21-554-0151
Head Office Fax/Voice: +44-870-132-5093
Available from:
8am to 4pm, New York Time
12pm to 9pm, South African Time
KMZ has private labeled the product from Leat. It is being manufactured by Leat in Asia along with BMW version.
Are you kidding me. Have you done any research or know anything about this company. They have agreements with BMW and KMZ, two of the largest companies in Motorcycles. Do you research before you speak next time.
They are about to announce a major partnership with a major player, such as Honda or Yamaha.
If you contribute to this board, do your homework before you post next time.
I would buy, soon if I were you.
Wow.. Financials out around June
E-Mail from Investor Relations
Hello Kyle,
Due to the 10 trading halt in Leatt Corp. shares that occured last March, the company's shares are currently trading on the "Grey Market" and, believe it or not, Pinksheets.com will not allow the company to update it's latest financials while the this condition is in effect. In order for company information to resume publication on the Pinksheets.com the company must work with a Brokerage Firm to file a Form 15c211, with the NASD, which is a process that ordinarily takes time (months), and has, in the case of Leatt Corp., been further delayed while the SEC performs it's investigation. Rest assured that the company is actively pursuing the filing of the Form 15c211, but it is hard to predict how long this process will take to complete. As you can see by simply searching the internet, the company's fundimental operations and sales have not been adversely effected at all by the temporary trading halt.
Where the latest financial statements are concerned, the company is most likely going to begin to post them on the company's own website. As of January 1, 2007 due to the product production and sales experienced since December 2006, the company has performed a restructuring that will require different accounting auditing standards to be applied. Thus, because of the Pinksheets.com very recent decision to block the company from posting it's latest financial data, and because the restructuring and changes in accounting methods of the company itself, the company is now leveraging this time as an opportunity to upgrade it's in house accounting systems, train new recently hired accounting staff and to apply these new resources towards reviewing last years books, finishing last years audits and converting the books of the company over to the new systems and submitting the requisite data to the auditors to bring the audited financials up to date for 2006 and Q1 of this year. Although there is no firm commitment as to when the accounts will be brought up to date, this entire process is not expected to take longer than June 2007 and will hopefully be completed sooner.
All past audited financial statements and quarterly review regarding the company can be found at:
http://www.pinksheets.com/quote/finance.jsp?symbol=LEAT
I hope this helps.
Sincerely,
Burlington Gap, Inc.
www.burlingtongap.com
Email: info@burlingtongap.com
Office: +27-21-554-0151
Head Office Fax/Voice: +44-870-132-5093
Available from:
8am to 4pm, New York Time
12pm to 9pm, South African Time
E-Mail from Investor Relations
Hello Kyle,
Due to the 10 trading halt in Leatt Corp. shares that occured last March, the company's shares are currently trading on the "Grey Market" and, believe it or not, Pinksheets.com will not allow the company to update it's latest financials while the this condition is in effect. In order for company information to resume publication on the Pinksheets.com the company must work with a Brokerage Firm to file a Form 15c211, with the NASD, which is a process that ordinarily takes time (months), and has, in the case of Leatt Corp., been further delayed while the SEC performs it's investigation. Rest assured that the company is actively pursuing the filing of the Form 15c211, but it is hard to predict how long this process will take to complete. As you can see by simply searching the internet, the company's fundimental operations and sales have not been adversely effected at all by the temporary trading halt.
Where the latest financial statements are concerned, the company is most likely going to begin to post them on the company's own website. As of January 1, 2007 due to the product production and sales experienced since December 2006, the company has performed a restructuring that will require different accounting auditing standards to be applied. Thus, because of the Pinksheets.com very recent decision to block the company from posting it's latest financial data, and because the restructuring and changes in accounting methods of the company itself, the company is now leveraging this time as an opportunity to upgrade it's in house accounting systems, train new recently hired accounting staff and to apply these new resources towards reviewing last years books, finishing last years audits and converting the books of the company over to the new systems and submitting the requisite data to the auditors to bring the audited financials up to date for 2006 and Q1 of this year. Although there is no firm commitment as to when the accounts will be brought up to date, this entire process is not expected to take longer than June 2007 and will hopefully be completed sooner.
All past audited financial statements and quarterly review regarding the company can be found at:
http://www.pinksheets.com/quote/finance.jsp?symbol=LEAT
I hope this helps.
Sincerely,
Burlington Gap, Inc.
www.burlingtongap.com
Email: info@burlingtongap.com
Office: +27-21-554-0151
Head Office Fax/Voice: +44-870-132-5093
Available from:
8am to 4pm, New York Time
12pm to 9pm, South African Time
Are you Crazy! Do you know who they have partnered with? Can you say law suit, not a proven product, no distribution, dealer that all ready carry BMW or KMZ, with is most will not supply the unit. Where do you get you info?
Financial should be out soon. Lets hope they post.
I can't wait for Q1 financials, they should be fantastic.
ETrade. You can purchage leat with no problem.
OK, what do i need to do