Meanwhile, LEEP Inc. (OTCPINK: LPPI) stock volume shot through the roof Apr. 24,with 51,647,644 shares changing hands, more than 19 times its three-month average volume of 2,633,170 shares.
The tremendous surge in stock volume is most likely being spurred by the Somerset, Ky.-based building material company’s Apr. 24 announcement that has filed suit against two domestic companies, alleging that they violated a Non-Disclosure, Non-Circumvention Agreement and conspired in an attempt to interrupt and take over its business.
The $31-million claim alleges fraud, deceptive business practices, and racketeering, among other violations of law. The company is aggressively pursuing these claims. The website www.leeppleadings.wordpress.com gives details of both the legal and financial implications of this action.
In spite of the business challenges that have been created by the defendants' alleged actions, the company says it continues to work diligently to attract and develop additional business prospects, and maintain its existing government and commercial customer relationships.
The company also disclosed that it has completed additional mail screening structures for use by the U.S. Government as part of a counter-terrorism initiative.
Based upon the civil unrest in various parts of the world where the United States has a physical presence, these specialized structures are very valuable in the effort to protect both U.S. and in-country national personnel from terroristic activity using the mail as a delivery mechanism.
LEEP has now constructed and delivered these structures to approximately 50 countries around the world
On Apr. 24 LPPI’s share price closed at 2 cents, up 1 cent from the previous day’s share price of 1 cent.
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