Laser Energetics, Inc. (LNGT)

[DeaconY]

I would think so...

No contracts = no incoming revenue.

Couple that with the shell game being played with the Intellectual Property and the only thing of any real value are the patents Bob and LEI own; most notably the non-Laser Dazer patents for the Alexandrite. It might even be too late for any of those to matter because Bob wouldn't have the financial horsepower to defend and litigate if anyone decided to infringe on any of his patents.

If he had any business sense he would have offered to license his IP to companies with an actual use for the technology; instead he thought he was going to be the next Steve Jobs (honestly?) while single-handedly changing the way police forces and the military operate, all the while never having served himself! The hubris on that guy.

His son, the SALES VICE PRESIDENT(!) doesn't even include any reference to LEI or lasers in his LinkedIn profile...go check it out. Still out there trying to get his first sale; this time with software. I think it was Insurance for a while too?