Lamperd Less Lethal Inc (LLLI)

[Dickmo]

be_real - the forecast hasn't changed. All that's changed is my expectation of what significant revenue is. As I see these distribution channels being developed, I'm getting greedier. Whereas once I would have been happy to see revenues in the $50K - $100K range for a quarter, I am now looking for more. And yeah, I think more is 12 to 18 months off.

As the company has clearly shown, there are even more legal and regulatory hurdles in the permitting process than I expected. I didn't expect this level of scrutiny by ATF and their foreign counterparts for a non-lethal product. But I was mistaken. Frankly, it doesn't discourage me at all as I see this hurdle as a barrier to future competition. It won't stop competition, but it will slow them down. This will give Lamperd time to develop relationships and get their equipment made standard issue for many police forces, security agencies, and others. Once they get their foot in the door, they have the upper hand in future orders.

So no, I'm not backtracking on anything. My expectations are rising. I'm simply recalculating when I expect to start seeing revenues that allow Lamperd to start thinking about moving up to a higher profile exchange.