Lamperd Less Lethal Inc (LLLI)

[ProfitScout]

Lamperd's problem has always been that sales are taking longer than originally expected. However, sales are starting to get done now as detailed in LLLI's recent announcements. The stock is not being heavily diluted and the company is in no near term risk of bankruptcy. Anyone who understands this would know that when the stock was pushed down to under .05 briefly it was oversold. The bounce up on Friday got hectic in late day probably because shorts saw retail buyers pushing the pps up and that costs them money. They spook easily and then they cover. Their own covering produces great demand for shares and the prices runs up. If there are still more uncovered shorts left LLLI could climb again on Monday. In the long term, as the company does make sales and show revenue growth towards profitability, LLLI's base support should rise higher.