Thursday, April 23, 2020 10:32:52 AM
That $10M customer was to grow over time to become $10M in annual sales, there is nothing they stated it would be instant or even this year. They passed a vendor audit to sell product to a major energy supplier in the North East that is involved in Natural Gas and Electric. Perhaps a JCP&L or PSEG type. No where did they say it would happen soon.
There was zero evidence of insider dumping as well, the action you saw was typical OTC action on a custodianship reverse merger which OTC players love and have alerts setup to find them ASAP when the custodian starts to take over.
Volume spiked the same day the custodian filed paperwork with Nevada to take over the shell on 12/14, that is all by OTC players, from that time the custodian took over and looked for an entity to sell the shell to which is what custodian's do, takeover shells, clean them out and sell them.
LNT came into play in February, from that one day spike in December volume was very low until February 26, 2019, the Custodian Certificate of Revival, which reinstated the Company’s charter and appointed a new
Resident Agent in Nevada.
Nothing to do with insiders and has all the markings of a typical custodian reverse merger OTC play. They happen all the time and certain groups only play them and make a living on just those types of setups. Hence the hype of SBE$, SPO$, SPR$, CLS! and on and on, custodian reverse merger hype
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