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Today the stock shows no bid/ask along with zero volume. Trading has apparently halted for this scam. Looks like it's the end for LNGT and it's con man CEO.
Mobile bomb detector???? Do you really believe that? Makes me laugh. There's several types of bomb detectors out there for both civilian and military application. Sorry but none are associated with this rinky dink loser company. All LNGT has after 14 plus years is the Dazer. An item no one has bought, used or confirmed works in over 6 years on the market. If they can't sell or build a Dazer do you really think they can sell and build a bomb detector? Get real! This company has nothing. That's's ZERO (0) to those who prefer numbers.
LucyLug your departure from the UK Dazer Distributorship is note worthy. It fully confirms the lack of LNGT support in all areas of the product, delivery, training and support. The company is a ZERO.
Over the past two years you posted info as you were told by Battis and company about the product, it's attributes, values in the forces etc, etc. But now those visions of grandiosity, big sales commissions and such have never materialized so you're moving on.
It's sad but LNGT has been reduced to rubble through continual displays of Battis incompetence, foolishness and mountain of lies.
God's speed to you LucyLug, good luck in your next gig. Leaving the LNGT universe is a smart thing to do imho.
It is worth repeating for those who missed it
Here's something to ponder:
LNGT has untold Hundreds of Millions of Shares Outstanding.
LNGT in it's 14 plus year history has
Zero Sales
Zero Cash
Zero Assets
Zero Manufacturing ever
Zero Inventory ever
Zero Deliveries ever
Zero Field Testing ever
Zero Endorsements ever
Zero Press Interest?
Zero Credibility CEO who talks BS but has
ZERO follow trough on any of his promises and boasting?
This company is bankrupt and has NEVER products a single positive dollar in it's entire history.
Bob "blow hard" Battis and LNGT equals ZERO in your share value
Battis cannot sell his product
Battis has never built a product in more than 14 years plus of taking shareholders money.
LNGT has never proven the dazer works because they have never ever manufactured them to test... EVER!!!!!!!!!
"I feel my time with LNGT is now best come to an end and I will wish all people I know on here the very best of luck in all they do"
Yet another fallen investor who fought a loosing cause.
Home run? You mean like this company CEO and it's product? What a laugh!
"I am still hopeful that LEI will see better days. However, the price per share reflects the uncertainty we all have in the future of the company."
Really?
How do you calculate a value of a stock with:
Untold Hundreds of Millions of Shares Outstanding
AND
Zero Sales
Zero Cash
Zero Assets
Zero Manufacturing
Zero Inventory
Zero Delivery
Zero Field Testing?
Zero Endorsements?
Zero Press Interest?
Zero Credibility CEO who talks BS but has
ZERO follow trough on any of his promises and boasting?
Bob "blow hard" Battis and LNGT equals ZERO in your share value
Battis cannot sell his product
Battis has never built a product in more than 14 years plus of taking shareholders money.
LNGT has never proven the dazer works because they have never ever manufactured them to test... EVER!!!!!!!!!
If they did you can bet Battis would be boasting it over the wire and local sandwich shops
Uncertainty in the future? 14 years of uncertainty and counting..fool
I find it amazing the amount of distortion of words and truth posted here. I posted emails and phones have been sent and either returned or disconnected. You now verify that as well. I mentioned the space where LNGT had an office was no longer occupied by people or employees. The person who said otherwise posted a one sentence rebuttal saying it was still there. No elaboration on when he went, if he tried to get through the door, spoke to anyone... nothing. Yet the people shouted hallelujah saying I was a liar. So typical.
I suggest for all the armchair investors to quit looking for ways to trash those who make real attempts to find the truth through real due diligence, actions and efforts. Quit believing those who do not and just post opinions. The office of LNGT is not where it used to be. It's moved a few doors down to a very small area. The doors are constantly locked during business hours, no one is ever there. The power seems to be off as well and there were disconnect tags on the door. Funny how the poster who said he went there failed to mention any of this.
I suggest you try to call LNGT and find out it's an erratic busy signal indicating the phone are disconnected. Send an email and you will find it is returned as undelivered. Otherwise quit trashing with your lack of knowledge and belief in your investment because you are too lazy to find out the truth. Sorry folks but all indications are you lost your investment and LNGT is a bust. Battis got your money and has spent it all.
Considering the fact BEM is a government contractor with real operating products, manufacturing, employees, sales, income and profits is real and substantial compared to this broken company. LNGT has zero employees, zero sales, zero manufacturing and zero credibility. LNGT has never ever been a government contractor, has no operating email, dead phone lines, mountains of unpaid bills and lawsuits challenging the integrity and honesty of the CEO. There are virtually no assets except a few patents that have never proved to have any market value. Battis has milked millions out of shareholders to support his own lavish lifestyle. Now the milk has run dry and cow has died. All that's left is a rotting corpse with little to no meat on the bones. RIP LNGT.
Your info must be coming from none other than the king of lies himself. Don't believe anything you hear from him it's all BS. Good people involved doesn't change the fact there is a pathological liar and son running the company that will say and do anything to keep you from the truth. That plus the fact no one wants, likes or believes in this product. It's a joke with too much liability and limited use, not to mention extremely over priced. The FDA banned LNGT promotion and sales of the Dazer in USA as it is not certified and probably never can or will be. The company has all but shut down due to lawsuit(s), lack of funds and sales. It's all been one big fat scam. Do your own research and find out the facts before posting the rose colored world you think this stock, product and management is all about.
And true to form the stock just popped up after my comments.
I speculate Laser Energetics Inc. is on the verge of declaring bankruptcy or possibly already has. I am certain there are dozens of disgruntled private investors who are after Battis and want his blood. He has lied about contracts, sales, products, partnerships and more making big promises of grand returns and gains for their money. Through his stupidity, lack of intelligence, weak marketing and sales skills he has lost it all. He will declare bankruptcy to wash his hands of it leaving the investors in the dust. He's a snake oil salesman, liar and a con.
Correction of typos. Drive by LEI headquarters and you will find they are no longer there. Try to call their number and you will get an erratic busy signal indicating the phones are turned off. Send an email and you will get it returned as undelivered. The Battis house is in foreclosure. The pending lawsuit will crush what's left of this company, if anything. Do some real DD and find out the truth like I do. Stop with the false hopes and BS this company will ever produce a dime. It never has and never will.
Now watch the stock jump from .007 to .0087 after I posted these facts.
Drive by LEI headquarters and you will find they are no longer there. Try to call their number and you will get an erratic busy signal indicating the whones are turned off. Send an email and you will get it returned as deliverable. The Battis house is in foreclosure. The pending lawsuit will crush what's left of this company, if anything. Do some real DD and find out the truth like I do and stop with the false hopes and BS this company will ever produce a dime. It never has and never will.
You're missing the point. The .008 was paid without regard to the price difference. Would you pay 20% premium after the price jumped without positive news and a lawsuit pending based on misrepresentation of deals and sales? This company has misrepresented itself for most of it's existence. Do you think anything has changed now? I guess there's either some real fool out there or someone is buying to create a false premise.
Yesterday was a perfect example. I posted the info on the lawsuit and within hours the stock popped. The ask was .006 but someone decided to pay .008. I am certain those inside the company are buying in attempts to counter act the negative facts posted. I have seen it over and over. In fact yesterday I just waited for it after I posted and sure enough it did. You can bet Bob and Ryan are corrupt enough to manipulate this stock to confuse and indicate all is well. But this company is bankrupt and there is no one is interested in the product.
If you pay attention you will notice the stock price goes up every time there is a negative post backed up with facts. It's possible Bob and Ryan are monitoring this board and buying shares to create a counter effect of the negative truths. I have seen this happen many times in past months. The games and manipulation associated with this stock are more and more obvious. Today .008 was paid even though asking price was .0065. Why would anyone pay 20% over ask for a stock unless it was manipulated? Battis either found a new sucker or he and son are desperately working to create the illusion all is well imho. Best to take the opportunity and sell before the price drops again and the bottom falls out.
The suit was initiated last year but goes in front of judge and jury this month. Call or email the plaintiffs lawyer or look up the case number online for the facts
LED Maker Hits Laser Energetics Inc with Lawsuit:
A Philadelphia-based lighting design company launched a lawsuit in New Jersey federal court alleging its business partner Laser Energetics Inc. falsely touted partnerships with major government contractors such as CACI International Inc. to secure an exclusive licensing agreement of its technology.
Light Pod Inc. and its owner Lothar Budike said New Jersey-based LEI and its CEO Robert Battis falsely represented in 2012 that CACI and other companies had plans to invest in Light Pod’s technology if it signed over rights to its proprietary light-emitting diode driver and advanced solid state lighting fixture.
"In fact, the purported funds from investors never materialized as promised by Battis/LEI," the complaint said.
Battis allegedly told Light Pod that two CACI executives had promised startup funds to launch the LEI/Light Pod venture, which was meant to supply government militaries and the private sector with the LED fixture.
Light Pod agreed to sign the licensing contract, granting LEI an exclusive license to the lighting fixture technology, patent rights and other intellectual property rights. The agreement included a noncompete provision prohibiting Light Pod from competing with LEI.
But once the agreement was signed, Battis immediately reneged on paying promised monthly payments to Light Pod, falsely promising in text messages that he would pay up after receiving proceeds from investors, the complaint said.
"Battis, individually, and on behalf of defendant LEI made repeated false promises of payments for monthly amounts past due when he 'receives funds, wire transfers, etc.' from investors, such as CACI, which was falsely represented to be an ‘investor’ before the agreement was entered into by the parties.”
Battis owes more than $2 million in back payments to Light Pod, the complaint said.
To get Light Pod to enter into the agreement, Battis also claimed that LEI was very well funded, had sufficient resources to undertake major government contracts and had sufficient capital to market the lighting fixture in various markets, according to the complaint.
Battis also developed a tentative "business plan" projecting sales of $250 million for the lighting fixture over a seven-year period, the complaint said.
He also said he had secured a $300 million contract with the government of Saudi Arabia for a separate lighting contract, which would result in added capital for the Light Pod venture, but funds for Light Pod never materialized, according to the complaint.
LEI promised Light Pod $15,000 per month in cash and 10 percent of gross sales to government or the consumer mass market. The agreement also promised a cut of its industrial sales.
LEI won a task order to provide 15,000 lighting fixtures per year for five years to the U.S. Navy but lost the contract after he could not scrounge up the proper resources, belying its past assurances that it had sufficient capital, the complaint said.
"Battis/LEI could not meet the terms of the 'task order' because he failed to possess or secure sufficient infrastructure, people, capital, funding or support to manufacture market, sell and deliver the lighting fixtures to the Department of the Navy, despite the repeated representations, promises and assurances in this regard prior to the agreement being signed,” the complaint said.
The complaint seeks damages for breach of contract and negligence.
Phone calls and emails to Laser Energetics went unanswered late Thursday.
Light Pod is represented by Justin Michael Cohen of Richman, Berenbaum & Associates PC.
Counsel information for the defendants was not immediately available Thursday.
The case is Light Pod Inc., et al v. Laser Energetics Inc., et al, case No. 3:13-cv-02811, in the U.S. District Court for the District of New Jersey.
Plaintiff: LIGHT POD, INC. represented by JUSTIN MICHAEL COHEN
Phone: 215-985-1300
Email: jcohen@rbalawfirm.com
Defendant]: LASER ENERGETICS, INC. represented by BRYAN MICHAEL BUFFALINO
Phone: 609-791-7011
Email: bbuffalino@stark-stark.com
Defendant: Robert Battis represented by SCOTT I. UNGER
Phone: (609) 896-9060
Email: sunger@stark-stark.com
So far all of your arguments to the contrary have been mute. Nothing you can deliver has any merit to change the facts as they are and always have been. I know it must be hard to swallow the truth of this investment. This is a high risk penny stock run by a con man who has lied his way into all of our pockets. He merrily pours glasses of kool-aid to all those who would be foolish enough to drink up. The elixir of big profits has a long lasting affect especially when you still in.
It's only a guess when shareholders will loose it all. This month, next month, whatever but it's no doubt going to happen. This company has been a sham from the start. The CEO has spent your money to promote products that were never developed yet claims they were real and functional. The lies went on and on until the money stopped and the house of cards came crashing down. Battis is a fool and had no business experience or manufacturing background yet made outrageous claims to the contrary. His idea of selling was to bring in military career people thinking they would endorse the product and create sales under the guise they were all going to get rich. He did it with CACI as well but they soon realized the product, company and CEO were a joke. Now the company will no doubt loose the upcoming lawsuit based on a collection of Battis lies and misrepresentations. That should open the door for the SEC to dig into the affairs and other misrepresentations to shareholders. I believe that will be when the company will cease to trade, be shut down forever and when the real problems will start for Battis.
Wonder how much longer until the SEC stops trading of LNGT?? Anyone care to guess? The company is clearly bankrupt, cannot sell or deliver, lost it's employees, is in a lawsuit for lying about contracts and relationships and is still run and managed by the same guy who put it there in the first place! L'oie est cuite
That info in incorrect.
There were never any units made, delivered or tested. There was only one demo unit ever made and it never worked properly. Plus the price is much, much higher than you state.
The truth is you were told it was a non lethal weapon through this companies news posting aka Battis words. He's the type of guy who would lie to his mother and kids without thinking twice. It's obvious the rest of the world isn't convinced the Dazer is something great, cutting edge or special. Otherwise there would be sales in large numbers and money would flow into this stock. A green laser is not a non-lethal weapon if it can burn a hole in your retina regardless of what Battis claims. The world has seen the Dazer and the world says no to using it.
The company does not still fabricate parts and haven't done so for a very long time.
Negative. This company hasn't made a dime in over a decade. All of it's income since has come from Battis bilking investors with visions of grandeur through products that never were proven or manufactured.
Wow, Only took 3000 shares to drop the stock a whopping 18.5%. That a mere $18 trade plus commissions. The air is almost out of the bubble.
Calculate the percentage this junk stock has dropped in one year. It was .075 now .0075. Still holding believing in a payday? Shareholders always sell on the news so imagine what will happen once the snake oil salesman puts out another PR? Maybe we will see .0007? Even the traders have given up on this turd.
What other info do you have on the CEO? Can you provide a link of his resume or better yet contact info?
if you say so. but I can say not true. much more to the story
Deadbeat stock, deadbeat management, deadbeat product. All lined up in a row. What a sham this company and it's so called technology have become. Or should I say always were. The only ones who didn't know it were those who bought into the endless years of lies Battis carefully crafted and manipulated.
Ever wonder why it was a penny stock instead of on the NASDAQ? Because Battis could hide behind his evil scheme while he pilfered and plundered shareholders out of millions and never have to answer to the SEC. Just look at the carnage. GD, Harvey, CACI and others never stayed involved with Battis. They all realized the product sucked and Battis was a con. It's all pretty obvious.
General Dynamics obviously was not impressed with the hype Battis promoted his life saving dazer. It is more of a toy than a real weapon. Battis believed he could bullshit the world to buy this nutty idea but it didn't work. Now his company and his product are imploding under the weight of debt, lawsuits and unpaid bills. Sucker shareholders who believed the lies hold onto their stock praying for the big news that has and will never come.
Everything you have read has been written and posted by none other than the king of lies Battis himself. All you have to do to justify the lack of interest is no sales and better yet, the stock price. Both run in parallel and always have. Also, if the military wanted the dazer so bad why did they buy more of the Bristol Myers units instead? may countries have seen the dazer and all apparently have decided not to buy
This is what a real company does with laser technology.
http://news.yahoo.com/blogs/sideshow/how-the-army-s-recent-successful-laser-test-could-change-the-future-of-warfare-005259265.html
Basically The company has been promoting a product it has never produced and has never been proven to work in the field. The product technology is nothing cutting edge by any means and basically doesn't stop or incapacitate like the taser. In the eyes of the police, military and police, it's a joke. After 5-6 years of Battis burning through millions of shareholder dollars supporting his crack sales team the net result is foreclosure and bankruptcy.
Today's quote from Bigcharts
LNGT 52 Week Range: 2013
High 0.065 Low .003
Today .0035
Ouch!
2013 Looks like the year of the sell off
What's next in 2014?
I fully expect LNGT to loose the lawsuit in March. I will speculate it will open a bevy of new lawsuits against the company and it's founder. Once the SEC starts to investigate it could mean jail time for Battis
Interesting to see the FDA letter dated Nov 2012. Let me tell you something. Bob Battis was calling all his investor friends in Jan 2013 saying it was time to buy the stock. He indicated the stock was about to explode as things big were about to happen for the company. This letter proves once and for all Battis is a scam artist who has lied repeatedly to shareholders. He is in reality a snake oil salesman