Lamperd Less Lethal Inc (LLLI)

[latch1]

Hello all. there is this newsletter "Hotstocked' that never says anything favorable about LLLI, but you can get some useful info there. back in September, in one of their bashings of LLLI, they had this paragraph (pasted in quotes below) and I am curious if its true, and if so, have those shares hit the trading block, or is there the potential for a pps dilution when they do if its true. thanks

"There's another thing that you might want to consider. If you take a closer look at the company's latest financial statement, you'll see that over the last months, LLLI's printing press has been put through its paces. Between March 2013 and June 2014, they issued a total of 27,798,295 common shares, most of which were sold for cash at prices ranging from $0.02 to $0.08 a piece. According to the filing, they were issued with a restrictive legend, but unfortunately, the report doesn't tell us what the restriction period is. We probably don't need to tell you that once they become freely tradeable, the people who got them will be able to unleash them on the open market and pocket the profits. Unfortunately, the side effect of such an action will most likely be a drop for the share price."