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Wednesday, April 06, 2016 1:50:26 PM
The press release smacked of a very lame attempt at extortion and/or some depraved mind's intent to...do what? Gain some kind of leverage? A PRESS RELEASE, let alone authorized by the company, concerning $15,000 never made a bit of sense. Even if someone was legitimately suing the company, $15K on a $20 million company barely amounts to chump change. If I'm "Steve", and I fraudulently developed this press release, I'd think about either getting the best lawyer money can buy or going to a country that does not have an extradition clause with the United States, because that press release clearly hurt the stock price and what otherwise should have amounted to some serious inertia in price this week. It's going to cost "Steve" a heck of a lot more than the $15K he was after. It will likely take more time to reverse the absurd trend we've seen over the past couple of days, which should also cost the perpetrator some serious cash for damages caused to LTNC and its stockholders.
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